Letter to the Editor dated November 3, 2022


Rupee bounce

This refers back to the current assertion by the RBI governor that the rupee has had the least affect amongst main currencies regardless of the worldwide spillover. The RBI can use a number of choices to test the depreciation of the rupee. For instance, India’s international alternate reserves are round $528 billion, of which US Treasury paper accounts for about 40 per cent of the reserves, which is at an all-time excessive.

Because of the steady enhance in US Fed charges, the RBI ought to incur a revaluation loss because of the fall in bond costs. The identical is true with respect to nations like Japan, China, Britain and so on. This is likely one of the most important causes for the strengthening of the greenback globally. The RBI must progressively deliver down the dollar-denominated property ratio in its reserve portfolio by redemption of dollar-denominated bonds.

Srinivasan Velamuri


internet hosting investor assembly

States are competing with one another in internet hosting investor conferences with a view to draw funding from each home and international companies. However the contentious challenge is what number of of those so-called commitments later translate into precise ongoing tasks and whether or not governments proceed to stick to those commitments.

Sadly, these occasions are nothing greater than a public relations train designed to impress voters. Capital intensive tasks don’t create enormous employment alternatives. Reasonably, it’s the small and micro companies which are the main employment mills. In a capital-critical and labor-surplus nation like ours, the emphasis ought to be on SMEs and never on massive capital tasks which in lots of circumstances may also be antagonistic for the atmosphere.

MP Muraleedharan


making farming engaging

It refers to ‘farming wants younger agri-entrepreneurs’ (November 3). On one hand rural individuals are leaving farming as a consequence of impracticality and however many educated individuals are coming into natural farming. Sure, extra youth must enter this sector, which is the spine of our economic system.

The usage of trendy expertise like AI and drones will assist in selling agriculture among the many youthful era. And such expertise shouldn’t be restricted to the wealthy farmers solely, however also needs to be made accessible to the poorest farmers. The typical age of an Indian farmer being 50 years just isn’t a constructive signal. Solely farmers of their 30s or 40s could have a well-earned life forward of them. A number of use of agricultural land is an effective way to extend the earnings from agriculture.

Bal Govind


esoteric perspective

This refers to ‘Nifty 50 firms spent Rs 7,796 crore on CSR within the final monetary yr’ (November 2). An evaluation of fifty firms’ contribution to Company Social Accountability sheds mild on the perspective of our enterprise leaders in the direction of CSR. Whereas there are bigwigs like Reliance Industries, who spend so much, there are giants like Adani Enterprises who spend little or no.

This perspective can also be mirrored within the reluctance of the industrialists to contribute to the general public good. That is in direct distinction to company leaders resembling Yvonne Chouinard, who handed over his firm Patagonia to an organization valued at about $3 billion as a way to use the income to guard the planet. It was due to the detached perspective of the corporates that the federal government needed to remind them of their position within the society via laws.

YG Choksey



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