Boosting the capital market
Apropos ‘Time for warning’ (June 22), whereas the involvement of retail traders within the capital market is witnessing an upswing, you will need to defend their pursuits by bettering their monetary literacy . The steep rise within the Fed fee and the persisting battle have affected each the worldwide and home capital markets.
Regardless of the great efficiency of India Inc, the worth of equities within the secondary market has declined sharply as a result of huge withdrawal of funds by International Portfolio Traders. Consequently, it has created intense volatility out there. Retail traders have suffered hefty losses, and gradual conversion of their fairness investments into different types of monetary property is going on.
The wholesome sentiment and momentum within the inventory market, which have been accountable for the success of many giant IPOs, are disappearing. That is worrisome because the gamers within the monetary market are among the many primary pillars of the financial system. An enabling enterprise surroundings is vital to attracting capital inflows.
The federal government should management the price of varied inputs that go into manufacturing and curtail the imports of uncooked supplies. Additionally, it ought to attempt to scale back the commerce and present account deficits, else it should drive away overseas traders.
VSK Pillai
Changanacherry, Kerala
Air India’s outlook
This refers to ‘Air India beneath Tatas can carve out enormous share of worldwide markets too’ (June 22). Even when nations within the Center East have been working profitable airline providers, India was struggling onerous to make its presence within the international aviation trade.
After many years of operations, Air India has ended up in enormous money owed. Political interferences, corruption, commerce unionism, ageing fleet, strikes and incompetent managements ensured the decline of Air India.
With the acquisition of the airline by the Tatas, one hopes it will likely be extra professionally managed and the providers will enhance. A profitable airline can create 1000’s of jobs in addition to making substantial contributions to the native financial system. Hoping {that a} resurrected Air India will attain new heights within the aviation trade quickly.
Girish R Edathitta
Pathanamthitta, Kerala
Monsoon prediction unreliable
This refers to ‘Monsoon bounty over N-E helps ease rainfall deficit to 2%’ (June 22). With the essential first month of the monsoon coming to an in depth quickly and the rainfall nonetheless in deficit, the farmers are a frightened lot.
The IMD prediction of “103% of common monsoon” has gone totally haywire and has badly affected kharif actions. Small and medium farmers may face additional hurdles if there’s sudden downpour within the months of July or August — and this can’t be dominated out.
The Ministries involved and the NITI Aayog should extrapolate the believable results of deficit rainfall and rescue the farmers with out making them wait endlessly as has been the conference. PMFBY makes its relevance felt in such conditions, and the federal government should prolong it to all of the farmers by default.
Rajiv Magal
Halekere Village, Karnataka
Presidential elections
By nominating Droupadi Murmu, a distinguished tribal chief and former governor of Jharkhand, as its candidate for the upcoming presidential polls, the BJP-led NDA authorities has actually taken the wind out of sails of the Opposition, which earlier introduced former finance minister Yashwant Sinha as its presidential candidate.
If the dalit outreach of the BJP noticed Ramnath Govind from the Hindi heartland getting elected to the workplace of President in 2017, its current nominee Murmu explains the social gathering’s bigger game-plan of taking each marginalised neighborhood to its fold to additional increase and maintain its electoral footprints within the nation.
The numbers within the electoral school is stacked in favour of Murmu, with events like Biju Janata Dal and YSR Congress more likely to throw their weight behind her candidature. She in all chance will grow to be the primary tribal lady to occupy the best workplace of the nation.
M Jeyaram
Sholavandan, TN
Revealed on
June 22, 2022