Letters to the Editor

Business Today readers give feedback on magazine's coverage of the April 12, 2015 issue-

GIVING BACK TO THE SOCIETY

This refers to your cover story on angel investors (The New Angels, April 12). It's heartening to know that first-generation entrepreneurs are finding experienced professionals to back their ideas. This will not only help them get a strong footing but also allow them to explore and innovate further. The story lists a host of successful individuals who have turned angels and, surprisingly, all of them sound like philanthropists willing to give back to the society by supporting young and bright minds. However, this story is also about an asset class, namely, start-ups. I expected some key lessons as an investor who is looking to invest in start-ups. That's missing.

- Abhinav P., New Delhi

Business Today April 12, 2015 issue cover

This refers to the interview of Nobel laureate Muhammad Yunus (April 12). It provides fresh insights into the microcredit sector with straightforward views and convincing comments of the Grameen Bank founder, who has innovatively devised a model of social business. The microfinance sector must be completely guarded by an inclusive legislation. Also, corporate social responsibility initiatives should also address this segment in India. There should be a dedicated licensing of new banks to cater to the poor people. Creation of a centralised watchdog with a fund for such banking outlets and microfinancing services of others will ease the constraints of credit extension, reduce the scope for exploitation and stimulate the welfare of the deprived.

- B. Rajasekaran, Bangalore

NO NEED FOR WOMEN RESERVATION

This refers to a small piece in your Upfront section (Women on Board, April 12). The Sebi rule that all listed companies need to have at least one woman director on board is unnecessary. In fact, there should not be any special privilege for women. They are now more liberated than before. They compete as equals with men, and do exceptionally well in most walks of life. More women should come forward to take on new challenges. We hope that the society and the state will help them to attain success but not through reservations, as it means they are not fit to be in the position. And that is not desirable from the point of view of efficiency and success of the women themselves, as well as the society and the nation.

- Mahesh Kapasi, New Delhi

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