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Letters to the Editor — April 2, 2021

Letters to the Editor April 2, 2021 April 02, 2021 00:02 IST Updated: April 02, 2021 00:02 IST Updated: Share Article Rate reversal The Central government’s flip flop on the interest rates of small savings schemes such as the PPF has confirmed the worst fears of the public. That the order was then taken back in less than half a day only suggests that the government has no idea how to steer the economy, leave alone manage its borrowings in this crucial time. The Finance Ministry, by sheer practice, has become more adept at drafting demand notices than monetary policy. Rachit Bhatia, Hyderabad Such an important decision would have had to go through many channels of officialdom before it was announced. After it was in the public domain the government may have developed cold feet on realising that it was in the middle of election season and that any adverse reactions would have hurt the BJP badly. The belated explanation of ‘oversight’ is a tall story.

Letters to the editor dated March 17, 2021 - The Hindu BusinessLine

Letters to the editor dated March 17, 2021 | Updated on Bad Bank essential This refers to ‘How to make good assets with a Bad Bank ’(March 17). While among others, the health of financial intermediaries is crucial in driving economic growth and social development, it is also imperative to sustain the quality and value of the assets created by the lenders. However, in the course of the banking business, particularly pertaining to the deployment of funds, the transformation of good money or assets to stressed and bad assets in large numbers is crippling credit expansion and eventually the growth of economic activities. It is important to implement fresh reforms to eliminate the creation of bad assets. At this juncture, the lenders, the regulator and policymakers have to further strengthen the execution of economic reforms and oversight.

Letters to the editor dated March 16, 2021 - The Hindu BusinessLine

Letters to the editor dated March 16, 2021 - The Hindu BusinessLine
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Letters to the editor dated March 12, 2021 - The Hindu BusinessLine

Letters to the editor dated March 12, 2021 | Updated on GST on petroleum products This refers to the editorial ‘Fuelling GST’ (March 12). In 2017, when the APM (Administrative Price Mechanism) was dismantled to move to daily revision of petrol and diesel prices, it was hailed as a significant economic reform process. Political parties were vying with one another to claim credit for this transition since it was widely perceived that government would not have any role in deciding the retail price of petrol and diesel that were tagged to international prices of crude oil with fixed excise duty (central) and VAT (states) added on.

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