Letters to the editor dated May 24, 2021
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Upholding creditors’ rights
This refers to the editorial ‘Welcome clarification’. The apex court judgment upholding creditors’ right to to proceed against personal guarantors to a corporate borrower helps lift the uncertainty of banks and other financial creditors to pursue not only the corporate borrower but also individuals who stood as personal guarantors to enable the flow of credit to the company.
Banks now stand a real chance to recover substantially more from the resolution of a stressed corporate entity and from affluent personal guarantors for loans extended to the company by them. This ruling curbs rash borrowings by companies using guarantees given by promoters.
Governor’s day outIt is unfortunate that in West Bengal, the Governor and Chief Minister have been at loggerheads for long, and in the middle of a raging pandemic. Governor Jagdeep Dhankhar’s visit t
Letters to the editor dated April 20, 2021
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Covid vaccine
This refers to ‘Inoculating India’ (April 20). At last the government has taken the right step in allowing those aged 18 and above to get vaccinated, and giving much needed flexibility to vaccine manufacturers in terms of pricing as well as distribution.
Further, the Finance Ministry providing financial assistance to Serum Institute and Bharat Biotech to speed up vaccine production is welocome. Now, all efforts should be on ensuring maximum number of people get vaccinated so that we develop herd immunity as early as possible.
Bal Govind
Maintain supplies
The huge gap in the supply of Covid vaccine is alarming. As suggested by the former Prime Minister, governments worldwide should declare this calamity as national emergency and address the shortcomings on account of patent-related issues thwarting the free flow of the vaccine to needy countries, by issuing compulsory licences to the entities which can a
Letters to the editor dated April 6, 2021
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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 dema
Letters to the editor dated March 11, 2021 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.