This refers to “The Tata Affair: Are we judging too soon?” (November 16). Given the kind of dirty linen being washed in public by both Tata and Mistry camps, with allegations and counter allegations flying fast, it is no surprise that some sections of media have already taken sides. I agree with writer’s view that it is too early to decide who is right and who is wrong and here it will be perfect to use the saying ‘there is no smoke without fire’. It will take long before we actually come to know who was wrong here in this episode.

Bal Govind

Noida

Make it last

This refers to “Making the most of demonetisation” by C Rangarajan (November 16). The former RBI Governor has endorsed the three objectives of targeting black money in the form of currency, funding of terrorism through cash and making fake currency which found mention in PM’s speech announcing demonetisation, suggesting positive measures to achieve these objectives. Taking the advice seriously, policy makers need to quicken the measures to prevent further accumulation of black money and to flush out the huge quantities of unaccounted wealth concealed in sectors such as gold and jewellery, real estate and accounts abroad, leaving the burden of minimising the pains caused mainly by planning and logistic problems to executives down the line with guidance from the RBI.

MG Warrier

Mumbai

Demonetisation will aim to bring dormant money into banks. It is viewed that this money will create more financial assets. Even though the consumers are trapped for a short run the move will create a good image and economic prospects. Small and medium size business are finding it difficult to pay the daily wages. The steps could have been taken slowly. Adequate supply of currency is essential to cope with the situation.

S Muthulakshmi

Virudhunagar, TN

As a prelude to this demonetisation, the Government could have made compulsory digital payment beyond a threshold limit. At least now that can be done. Beyond a threshold limit, cash payment should be made illegal. Holding cash beyond certain amount can also be made illegal. These measures will make the life of black money holders miserable. Common people welcome the move by the Government, though they are undergoing some pain in their day to day money management. A hue and cry is being created by rich politicians who are trapped now.

S Kalyanasundaram

Email

Since we’re a long way from embracing a cashless system, and while churning out new notes is not the panacea to check hoarding, counterfeit currency and fake notes, there’s a need for better methods to tackle the issues.

R Prabhu Raj

Bengaluru

The question that springs up in one’s mind when one sees the suffering public queuing up in front of the banks for currency exchange, is what benefit would ultimately accrue to the common man who is bearing the brunt. It is hard to believe that political parties who are one of the prime beneficiaries of black money would forgo the treasure chest for the sake of the well being of the country. Unless the government displays the political will to cut the umbilical chord connecting politicians, bureaucrats and corporates the demonetisation exercise will definitely end up just as another flash in the pan.

Manohar Alembath

Kannur, Kerala

Ink link

The Centre has announced that indelible ink is going to be used to mark fingers of those who come to exchange old notes to make sure that they don’t make multiple visits to bank; this is to prevent many from converting their black money to white by visiting banks multiple times. But I guess people who have the brains to beat the system and accumulate black money will definitely find a way to erase the ink.

TS Karthik

Email

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