Optimism is back
Optimism is back
Apropos of the column ‘A chance to fly’ (February 21), India is see indeed seeing a return of optimism as far as growth and business environment are concerned. But, pay heed, the capabilities of Indian business are not yet in the pink of health. None of the major sectors have enough players with adequate surpluses to gather the required momentum to be on a roll. Jobs creation doesn’t seem too rosy, given the manufacturing focus of the government is yet to translate into increased activity in the sector on the ground. Banks, especially the state-owned ones, are looking at an NPA crisis that could severely curtail their lending abilities. Worse, it could cause them to be extremely cagey about lending to start-ups and high-risk enterprises. So, even while optimism has returned, for it to convert into solid belief, more needs to be done, especially in the area of taxation.
This refers to the report “Petroleum Ministry document leak: Top honchos arrested” (February 23). This corporate espionage is rattling. Many questions need to be answered—how could anyone gain access to ministries after office-hours; CCTV-cameras were switched off for a few hours and yet the security or top officials did not notice; low-level staff had knowledge of which documents were kept where—how did they gain such information? A fool-proof security system is needed to prevent such thefts of documents from various ministries. Should we subscribe to the view that all such leakage of government information is bad? If it is so, then neither the Watergate expose would have happened nor Edward Snowden’s exposure on internet surveillance.
Deendayal M Lulla, Mumbai
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