Letters to the editor

By: |
Published: January 24, 2015 12:28:42 AM

Reform sports governance now

Reform sports governance now
The SC observations in the BCCI case is a timely signal for sporting associations/bodies of this nation that they can not have their cake and eat it too. Most bodies have “club class” constitutions/rules and yet claim national status in selecting the country’s teams and practice authoritarian administration. They have merrily managed to inject their narrow private interests into the sport they govern and yet leverage a national platform. Perhaps the SC intervention was long overdue. But then vested interests benefiting from sport at regional/national level have successfully stonewalled all attempts at challenging them. Good that someone had at last found the spine to pursue the issue so doggedly.
R Narayanan

Competition no panacea
Apropos of the column ‘Market competition as poll plank’ by Avirup Bose, it appears that the author is afflicted by a common case of political naivete. One of the thing that Bose has forgotten to factor in as he prescribes competition as a panacea for all ills, including shooting electricity tariffs, is that a free market, regardless of strong regulation is visualised on a thriving for-profit motive among the entrepreneurs. Power distribution, being a capital intensive segment of business, already favours big players and it is the big players who often can take on losses accruing from price wars to run competition out of business and establish a near monopoly or even a di-archy. Price caps, therefore, more than competition, is the key to keeping tariffs justified. Unless, of course, one agrees to fragment the distribution network to sub-networks numbering in thousands and covering a few hundred square kilometres each. But if that is done, imagine the riotous scale of mess that would arise if small players are not able to keep up service standards.
Sumona Pal

Please send your letters to:

The Editor,The Financial Express, 9&10 Bahadur Shah Zafar Marg, New Delhi-110 002
or e-mail at: feletters@expressindia.com or fax at Delhi: 91-11-23702044

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.