Updated: Jan 20 2007, 07:05am hrs
It is praiseworthy that Indias oil companies are undertaking activities for energy conservation. But government departments that use a major chunk of petrol and diesel are not making much effort. The Himachal Pradesh state government had ordered that no government vehicle should ply the roads on Mondays. But other states continue with flagrant violation of rules, with vehicles misused with impunity.
SK Khosla Chandigarh
Your banking bureau report (Growth momentum wont be sustainable, January 16) merits serious consideration. According to Moodys investor services, the Indian economy cannot sustain 9% growth on account of capacity constraints. This calls for greater investment. It is also unfortunate that our domestic currency debt is assigned a speculative-grade Ba2 rating. We need to improve public debt and inflation management, and investors must stay alert.
We must welcome the proposal to give FIIs a freer hand in Indias debt market (FM plans expressway for FII funds, January 19), which would help overseas M&As find rupee leverage. But have we given thought to the conflict-of-interest arguments that led to the Glass-Steagal separation of investment and commercial banking in the US