Opinion Back on track
The economic indicators in Recovery thickens (IE,September 26) reveal that the economy is back on track and the performance of key sectors with 7.1 per cent output expansion of six core industries....
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• The economic indicators in Recovery thickens (IE,September 26) reveal that the economy is back on track and the performance of key sectors with 7.1 per cent output expansion of six core industries,especially in cement and coal output on a year-on-year basis,and 22.7 per cent growth in excise duty collections is sufficient proof. The stock market indices too reveal a sense of things being well. This points to the need for proactive action by the banking system to support the industrial and infrastructure sectors. The flow of bank lending will accelerate growth. On the other hand,there could be gradual withdrawal of the concessions and incentives granted through fiscal and monetary stimuli.
K.U. Mada
Aiding Pakistan
•The US is very generous regarding Pakistan. Although Pakistan is really backward in many fields,it couldnt make proper use of US aid. The Kerry-Lugar Bill that authorises $7.5 billion in non-military aid to Pakistan over the next five years also imposes checks and conditions on military aid,including a semi-annual report on how the aid is being utilised. But then,Pervez Musharraf admitted that Pakistan used US aid in military preparations against India to a great extent instead of social development. This is not only unfair but also dangerous for India. Af-Pak special envoy Richard Holbrooke has said that Al-Qaeda is seeking nuclear secrets from Pakistan. Its happening only because of the Pakistani system. Nevertheless,some of the thorniest problems facing the Obama administration Iran and North Korea have direct links to Pakistan. Its clear that Pakistani soil nurtures terrorism and the UN should look at it.
Rajaram S. Deokar
Buldana
Safety checks
• Its beyond imagination how a double-decker boat owned and operated by the Kerala Tourism Development Corporation capsized. It seems KTDC is fully aware that lake cruises are very popular. But as per reports,the main reason for the tragedy appears to be poor safety measures and inadequate rescue efforts. The question is whether KTDC follows safety norms are the cruise staff trained and certified? Are there safety announcements on each journey,prior to and immediately after departure? Its a pity that though government tourism staff are paid well to make tours memorable and safe,their negligence costs so many lives regularly. The government must give exemplary punishment to those responsible and ensure that such accidents dont recur.
Bidyut K. Chatterjee
Faridabad
Deserving Dey
•Its heartening to know that renowned playback singer Manna Dey has been nominated for the Dada Saheb Phalke award for the year 2007 for his outstanding contribution to cinema (Songs sung true,IE,October 2). Still singing at 90,Dey will be among the most deserving recipients of Indias highest cinema award.
Suman Kukal
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