Letters to the editor dated April 6, 2021
|
Updated on
Monitoring digital content
Apropos ‘IT Rules 2021 — over the top?’ (April 5). Indeed, increased consumption of digital media content has led to the growth of OTT platforms. The new IT Rules seek to curtail the transmission of problematic content and create a level-playing field for various media. The rules usher in a strong self-regulatory and monitoring mechanism for OTT platforms.
That would, however, require much higher financial commitment on the part of OTT platforms for creating control mechanisms.
NR Nagarajan
Inflation targeting
The inflation targeting framework of the MPC (Monetary Policy Committee) of the RBI, with a thrust on anchoring inflationary expectations, which has been in place since 2016 has done more good than harm to our economy. It helped the MPC to have unhindered focus on price stability, besides bringing greater transparency and accountability on the actions of RBI. But there’s growing demand now to move away from the inflation targeting framework. The RBI has, however, acknowledged the significance of inflation targeting and decided against tinkering with the same. No doubt, it is a step in the right direction for it has reaffirmed once again MPC’s unflinching commitment and concern to ensure price stability.