It is nice to see that you hold your views and have courage to speak out (“The spectrum sting”, Mint, 26 October). But look at our character. The Cellular Operators Association of India, the Association of Unified Telecom Services Providers of India and the Internet Service Providers Association of India, which had questions on the policies and methods before the elections, were all out with praise on the minister’s reappointment, endorsing his actions. Indeed, morality has no place in our lives now, which is largely driven by economic greed and personal ambition. The statement by the Prime Minister (reported in newspapers) gives a “clean chit” to what is being questioned and, therefore, action by the Central Bureau of Investigation will get quietly buried in time, just as it has in many other cases.
—Tosh K. Toshniwal
“Dealing with the dollar” (Mint, 26 October) was an interesting and even informative read.
A minor point, if I may. My point is that the weakening of the dollar is not necessarily a sign of the weakness of the US economy. I believe the weakening of the dollar is more “self-induced” than exogenous. I tend to think the Barack Obama administration prefers a weak dollar as part of a larger strategy to “turn inwards” and focus on the domestic economy at a time when the economy is recovering from a tailspin following the 2008 financial crisis. A weaker dollar, as you have pointed out, stimulates exports while dissuading imports, aids the domestic economy and helps boost employment at a time when many economies are bracing for the fallout of the Copenhagen climate change talks.
God knows the US induced the financial crisis of 2008 at the height of the “strong dollar regime”, and leveraged it to siphon trillions of dollars into nations whose stock markets and currencies are appreciating under the “weak dollar regime”—perhaps awaiting the right time to pull back the funds and distribute them as economic stimulus funds even as the rest of the world takes a monetary reboot all over again?
— Ganga Prasad G. Rao
In my humble opinion, we cannot blame the family members of hostages for trying to secure release of their kin (“A soft state called India”, Mint, 26 October). In the first place, governments, Union and state, do not have the will for tough action. It is the job of a government to protect innocent citizens by taking on terrorists, whether they be from the Lashkar-e-Taiba (LeT), Maoists or any other group. “Intellectuals” in West Bengal may have sympathy for Maoists, or other groups elsewhere may have sympathy for LeT; however, government policies and actions cannot be based on the “views” of a few. Government action must be for the greater good of all citizens. Any terrorist action in this country is followed by headline news of the Prime Minister or the Union home minister reiterating the government’s will to break the terrorists’ back. The press lacks the courage to challenge those in power and needs to demand action from them. Eleven months later, life in Mumbai is back to normal but is it any safer? Is India ready to tackle another 26/11 this year? The answer is: no.
Until the Centre creates a tough policy on handling such situations and follows it by hard action, India will remain a soft state.
— Ashim Roy
The Chinese government last Monday released guidelines on rebalancing its economy (“The hole China finds itself in”, Mint, 20 October). These steps should not be misjudged as retrograde. Although it is their first serious step towards adapting to the contemporary situation, China has to shift its focus from the US and European markets towards relatively less explored markets such as those in South America, Africa and South-East Asia. It’s the perfect situation for them to revive/rebalance their economy on a substantial basis.
— Himanshu Sharma