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China and fuel prices

China and fuel prices
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First Published: Thu, Jun 26 2008. 12 36 AM IST
Updated: Thu, Jun 26 2008. 12 36 AM IST
Leftists in India should learn something from China (“China increases fuel prices”, Mint, 21 June). That country has increased the price of oil by more than 17%, in tune with increases in global oil prices. Ironically, the Left parties, which claim to draw inspiration from China on economic and political issues, have strongly criticized the government’s move to increase fuel prices. The fact of the matter is that fuel price increase in India has been necessitated due to high global crude oil prices, reasons identical to the ones that made China increase fuel prices. It’s time the Left parties began learning the right kind of lessons from China and made an appropriate course correction. That is a better way to serve the Indian public instead of crying foul on oil prices.
—Esakki Muthu
The Indo-US nuclear deal is about getting nuclear reactors and fuel (uranium) from the US and other countries. In turn, India would have to open its civil nuclear installations to inspection by international agencies. We should not delay in finalizing and signing the deal.
The National Democratic Alliance government conducted nuclear tests in 1998 and immediately a number of countries imposed blanket trade restrictions/sanctions on India, that included a ban on nuclear materials and withdrawal of aid. The same countries gradually lifted sanctions when they began realizing that India would use nuclear power for peaceful purposes only. Our economy gained momentum again.
We are now in the process of installing three nuclear reactors and these will start functioning soon. This will enable generation of nuclear power and help tide over the power problem. If we have adequate power, industry as well as agriculture can be put on a high growth path. Further, due to less emissions, this source of energy will have a considerably lower impact on global warming.
Other countries realize this. China is going ahead with its nuclear programme and Russia, Canada and Japan are installing reactors as well. According to one estimate, the world needs 32 new reactors each year to meet its power demand.
If the government does not go ahead with the agreement with US, we will be denied the fuel and technology which are essential for our growth. This can only have an adverse impact on technological, industrial and agricultural development.
As a result, the government should not keep the deal in cold storage. On the contrary, it should create public awareness on the issue and make people understand the implications of not signing the deal. Initially, there will be resentment on the part of some people, but the Indian public is mature; it understands issues and takes a positive view.
- Sadhna Taneja
Premchand Palety’s article “B-schools should depend less on visiting faculty” (Mint, 23 June) made for interesting reading.
Two of the points that he raised in the article are very relevant.
One, visiting faculty members should be selectively drawn from industry, ones who are specialists in their fields, and their expertise ought to be used for teaching some select elective courses only.
Two, permanent faculty members are the true measure of a B-school’s brand. Permanent faculty members can contribute across teaching, intellectual capital generation, industry interface and institution- building.
- J. Venkataraman
It felt nice to read the article, “Hers was a wonderful life” (Mint, 20 June). I could relate to the tale and as I hail from Assam, where my mother (an Assamese) married my father, a migrant from West Bengal, I could relate to my grandmother and her wisdom.
- Joydeep Bose
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First Published: Thu, Jun 26 2008. 12 36 AM IST
More Topics: China | Oil | Nuclear deal | Views | YourView |