Readers' views on Business Today articles
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Auto Blues
Can India actually become a hub oflow-cost auto manufacturing? After reading your cover story (Rough Ride, August21), one is not very optimistic. Where does the problem lie? It lies in thedomestic market, what with the rise in the cost of raw materials - steel,rubber and plastic - which make up most of a car. The interesting bit, though,is that despite sales of cars going down, growth still continues.
P. Ghai, Chandigarh
Controlling Inflation
The interview with RBI Deputy GovernorSubir Gokarn (No Reason to Change the Policy We Have Adopted, August 21) hasskillfully rolled out the details of the policy interventions of the centralbank to restrain the inflationary pressures hurting the economy. The frequentinterest rate calibrations do not augur well for the future of the economy ascascading monetary moves will dissipate the confidence of the investors. TheIndian economy needs to be fortified vigorously to inspire renewed faith,especially in the wake of Standard and Poor's downgrade of the United States.
B. Rajasekaran, Bangalore
Food for Efficiency
The food contract industry is in earlystages in India,with huge potential to grow in the near future (Thought for Food, August 21).By providing quality and hygienic food to its employees, a company can, inturn, create a greater bonding with them, boosting their efficiency level. Theonly thing which will determine profit and loss for these food supplyingcompanies is the sustainable quality of the food.
Bal Govind, Noida
The Lokpal Saga
The controversial Lokpal Bill has beenreferred to a Standing Committee of Parliament. But both the Houses shouldchange their age-old rules, which continue with the secrecy clause that makesthe proceedings of Standing Committees confidential. As the Centre has formed ajoint drafting committee for the Bill, many people are likely to send theirrepresentations before the panel.
Subhash Chandra Agrawal, Delhi