Economics trumps politics
RBI Governor Raghuram Rajan’s recent address at IIT-Delhi might have raised quite a few eyebrows. Illustrious and erudite economists have added lustre to the office of the Governor of RBI from inception. And happily, RBI has remained highly competent and professional, irrespective of transient political climate. That said, Rajan is a product of the globalised economic dispensation that necessarily entwines political strands in increasing proportion, making for a composite view on a nation’s progressive trends vis a vis long-term assessments for investment and trade. The US Fed held steady at the helm through upheavals in the administration. That has only enhanced the US economy in spite of the major crises in recent years. No modern government can afford to make economics subservient to politics. While political damage can be repaired in an election or two, economic repair takes infinitely longer. China rules today on superior economic clout as while Russia suffers the opposite. Strong financial institutions are in. They have risen to eminence by the dint of professional excellence.
This refers to the report “Russia grounds airline’s A321 fleet after crash” (FE, November 2). The recently announced aviation policy of the government should also have included safety of air travel. The new aviation policy aims at making air travel more affordable for the common man, but safety aspects should also be given due importance. Don’t the passengers have a right to know about the age of the aircraft in which they fly? The doomed Russian plane had suffered “tail strike” (rear section of an aircraft hitting the runway on landing) while landing at Cairo airport way back in 2001. Such details need to be shared with the passengers. Global aviation bodies should compel the airlines to share details about the health of the aircraft with the passengers and civil aviation authorities world over should make it mandatory for airlines. Air travel is supposed to be safest mode of travel but plane crashes and planes going missing shake people’s faith in air travel.
Deendayal M Lulla, Mumbai
Cast your vote against caste
As political parties play the caste card in Bihar elections, the Election Commission should completely put a ban on raising caste issues in an election, because the elected representatives are supposed to further the interest of all people, not just those belonging one particular caste or community. A Dalit legislator is as equally responsible for the well-being of her Brahman constituent as a Kayastha legislator is for a Dom constituent. Why have our politicians chosen to forget this? Agreed, the caste structure has heaped injustices on certain sections of the population throughout history. But righting those wrongs doesn’t mean pitting one caste against the other!
Mohit Goyal, Delhi
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