'Cover story on India's coolest start-ups is excellent'
The cover story on India's coolest start-ups (Out of the Box, February 3) is excellent.
Promising Businesses
The cover story on India's coolest start-ups (Out of the Box, February 3) is excellent. The young entrepreneurs have demonstrated how they developed into promising businesses. Technology was their backing and confidence their strength. From beverages to bookless classrooms, and from cancer treatment to Cocoberry restaurants, all are innovative and present a bright future.
Jacob Sahayam, Thiruvananthapuram
NBFCs in Race for
Banking Licences The feature Cheque Them Out (February 3) has elaborated how non-banking finance companies are in race for the new banking licences that the Reserve Bank of India (RBI) plans to grant soon. The entry of big companies could help expand the reach of banking services in rural and semi-urban areas. But there may be some governance issues in the future, if corporates get banking licences. Recently, the International Monetary Fund, too, advised RBI to keep corporates away from banking as the risk associated with the move could outweigh its advantages. If a large corporate gets a licence, there is no way the RBI can track the loans to a supplier or dealer of a corporate. So, the RBI should ensure that these companies do not misuse public money for their own benefit.
Abhinav, New Delhi
Regional Retailers Thrive
The feature on retail (Little Big Champs, February 3) is worth reading. It is true that while heavyweights are struggling, large numbers of regional retailers have managed to thrive despite a tough economic environment, because of their business strategy of staying small and focused.
Biswaranjan Mishra, Gurgaon
Tax on Super-rich
The column by Arvind P. Datar in the Focus section, A Super-Foolish Idea (February 3), is quite informative. I agree with his idea that imposing additional tax on the super-rich will lead to more tax evasion, and may force them to shift their businesses to overseas destinations like Singapore. India certainly cannot afford this while other countries are offering attractive sops to improve their economy.
Sarath Babu, Hyderabad
Jara Hatke
Full marks to the whole editorial team of BT for bringing out such a nice anniversary issue at the beginning of the year. I have no words to praise this jara hatke issue.
Ashok Narottamdas Shah, Mumbai
The cover story on India's coolest start-ups (Out of the Box, February 3) is excellent. The young entrepreneurs have demonstrated how they developed into promising businesses. Technology was their backing and confidence their strength. From beverages to bookless classrooms, and from cancer treatment to Cocoberry restaurants, all are innovative and present a bright future.
Jacob Sahayam, Thiruvananthapuram
NBFCs in Race for
Banking Licences The feature Cheque Them Out (February 3) has elaborated how non-banking finance companies are in race for the new banking licences that the Reserve Bank of India (RBI) plans to grant soon. The entry of big companies could help expand the reach of banking services in rural and semi-urban areas. But there may be some governance issues in the future, if corporates get banking licences. Recently, the International Monetary Fund, too, advised RBI to keep corporates away from banking as the risk associated with the move could outweigh its advantages. If a large corporate gets a licence, there is no way the RBI can track the loans to a supplier or dealer of a corporate. So, the RBI should ensure that these companies do not misuse public money for their own benefit.
Abhinav, New Delhi
Regional Retailers Thrive
The feature on retail (Little Big Champs, February 3) is worth reading. It is true that while heavyweights are struggling, large numbers of regional retailers have managed to thrive despite a tough economic environment, because of their business strategy of staying small and focused.
Biswaranjan Mishra, Gurgaon
Tax on Super-rich
The column by Arvind P. Datar in the Focus section, A Super-Foolish Idea (February 3), is quite informative. I agree with his idea that imposing additional tax on the super-rich will lead to more tax evasion, and may force them to shift their businesses to overseas destinations like Singapore. India certainly cannot afford this while other countries are offering attractive sops to improve their economy.
Sarath Babu, Hyderabad
Jara Hatke
Full marks to the whole editorial team of BT for bringing out such a nice anniversary issue at the beginning of the year. I have no words to praise this jara hatke issue.
Ashok Narottamdas Shah, Mumbai
