India-Japan relationship
Prime Minister Narendra Modi?s trip to Japan is vital and one more milestone in the matters of renewing tie-ups with foreign countries. The great news is that both India and Japan have now signed an agreement to develop Varanasi into a ?smart city?. Simultaneously, the time has come for India to tap the immense technology and the great know-how that Japan has long been wielding. Besides this, serious and sincere steps are necessary in order to strengthen the tie-ups between India and Japan. Undoubtedly, both India and Japan can make many breakthroughs on the international stage through strong agreements and bilateral tie-ups.
P Senthil Saravana Durai
Mumbai
Rajan?s going strong
Apropos of the editorial ?Five pillars, one man? (FE, September 3). The RBI Governor deserves every bit of appreciation and accolade for his remarkable saving of the rupee by bringing in the FCNR-B window and the currency swap for oil companies which helped to reduce the CAD, accompanied by the massive cut in gold import. His commitment towards rupee?s stabilisation and controlling of inflation is remarkable. Yet, the growing volume of NPAs mars the record; the Bhusan Steel case is evidence that the banking sector direly needs to revamp policies to lend on prudent norms. Co-operation from the Modi government could help both RBI and the government set India on a virtuous path of growth.
NR Nagarajan, Sivakasi