Your editorial (?Racy Banking?, Feb 14) highlights the need to energise Indian banks with competition. Though the sector has moved from a regulated to deregulated environment, public sector banks have not got the kind of functional autonomy that they deserve. If the government grants them full autonomy and creates a level-playing field, it will unlock the banks? true performance potential. Such a scenario would surely lead to meaningful competition between them and private sector banks. Competition would result in greater efficiency. And efficiency, in turn, translates into more profits.
?Srinivasan Umashankar, Nagpur
A king?s ransom?
The IPL auctions (?Heady encounters?, Feb 22) have once again underlined the commodifaction of cricket as a game and of the stars in its firmament. But when some Bollywood icons walk away with a cool Rs 1-crore fee for an hour?s appearance at a function, do annual paypackets for players like MS Dhoni sound that extravagant?
?VN Sinha, Lucknow
Getting SEZ wise
It?s a fallacy to say that migration of ruralfolk to urban areas is not a problem per se (?Limits to subnational xenophobia?, Feb 16). It has starved civic bodies of resources and rendered urban planning lopsided. Perhaps the solution lies in making wise use of the concept of SEZs and establishing smaller cities around such zones.
?Naval Langa, Ahmedabad
Put option ran out
NCDEX would like to clarify (?Raghavan Putran to head NCDEX?, Feb 20) that Mr Putran is not joining the organisation in any capacity.
?Gautam Mukherjee, NCDEX
FE stands by the story?Editor
