Your editorial?s (?Boarded up?, May 12) argument that PSUs are doing badly on corporate governance is not true. So far as CAG?s criticism of PSUs? corporate social responsibility (CSR) is concerned, it may be pointed out that in India only PSUs are spending money to uplift the poor. Some of them are spending 2% of their net income for such endeavours. Contrast this with private players, who never disclose the amount they spend on CSR activities. About independent directors, it is only the invisible owner who appoints the so-called directors in the private sector companies.
?SC Aggarwal, New Delhi
Oily figures
Referring to the different figures the ministries have on under-recovery by oil marketing companies, your editorial (?Guzzle puzzle?, May 15) has explained the absurdity of India?s oil economy.
?Jacob Sahayam, Thiruvanantahpuram
