Indians love globalization

Indians love globalization
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First Published: Sun, Jun 22 2008. 11 39 PM IST
Updated: Sun, Jun 22 2008. 11 39 PM IST
In India, globalization has come to have wide acceptability. We see living proof of this everywhere as your editorial “Indians love globalization” (Mint, 20 June) pointed out. As for the inability of political parties in making this a platform, there is no paradox. Politicians have fashioned themselves into a breed who cannot be trusted, hence anything a politician says is automatically put on an antitrust platform. Second, as a nation we have made it quite fashionable to act in a hypocritical fashion. So, individually we all love globalization, but collectively we will not let it happen. There is no paradox in this.
— Chandru Badrinarayanan
I could not agree more with what Mrinal Pande had to say in her column (“For a fistful of rice in times of votebank politics”, Mint, 17 June). It was thought-provoking, to say the least. Votebank politics makes one curl up in shame.
I have always thought that among the more serious problems India faces are the cheap and irresponsible political games that all political parties, without exception, indulge in.
At the same time, it is also rather unfortunate that rural and unemployed youth, as you have pointed out rightly, get trapped in the political drama of region, religion, caste and class. It’s also quite shameful that as the world’s largest democracy, our political parties continue to bring metros to a halt for days with processions being taken from nowhere to everywhere, bringing normal life and business to a halt.
Unfortunately, it’s a tough task to help the nation’s population realize that votebank politics can only create problems. It’s not a solution to any problem. Until such time, political parties will continue to take the nation for a ride, subsidizing everything from fertilizers to fossil fuel, without any long-term benefit.
I congratulate columnists like Pande who refresh public memory about such political gimmicks.
- Vishwas Mysore
V. Raghunathan (“Homebuyers need help”, Mint, 19 June) has raised an issue that affects the common man greatly.
I think officers of the urban development ministry should think on what he has written. One cannot ignore the fact that homebuyers are from well-to-do families and even then they are not able to secure their rights. There is an urgent need for a regulatory authority in the housing sector. Issues such as the quality of construction, timely construction, proper appraisal of property, documentation and claims settlement require a regulator for their resolution.
The Union finance ministry has made statements many a time on the urgent need for a regulatory body in the real state sector on the pattern of telecom, insurance and stock market regulators. There’s been no progress beyond that.
Homebuyers are often a helpless lot. If any one of them asks for standard clauses in a contract, then no contractor will sell them a flat. It’s not like banks that are safe; safety in this case is dictated by a perverse logic — so long as the price of the property is increasing, it’s safe, otherwise one has everything to lose.
If this continues, then we will face a more severe mortgage crisis that what America is facing at the moment.
- Awanish Kumar
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First Published: Sun, Jun 22 2008. 11 39 PM IST