Opinion - Letters to the Editor   

Forex reserves

Sir, — This refers to the editorial, "Forex reserves and infrastructure" (Nov. 23). It seems to be an imprudent decision on the part of the Planning Commission and the Union Finance Minister to utilise the available forex reserves to boost infrastructure development. We have stories of bulk resources melting away in no time. Considering the recent example of Brazil, it would be wiser if the proposal is deferred.

S. Preethi,
Coimbatore

Sir, — Before using the forex reserves to build infrastructure, the risks involved should be considered. It is better not to divert the reserves for infrastructure projects, at least in the short term.

A. Ashok Kumar,
Udupi, Karnataka

Sir, — Keeping a huge reserve of forex unused has probably become a burden on the Indian economy. It is the right time for the Government to use the under-used forex for infrastructure projects.

N.P. Ramesh Kannan,
Madurai, T.N.

Printer friendly page  
Send this article to Friends by E-Mail

Opinion

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Updates: Breaking News |

Stories in this Section

ANOTHER PROMISE TO KEEP
OF DISCRETION AND ALLOTMENTS
"Fast-breeder reactors more important for India"
Embedded journalism
PM's visit
Forex reserves
Kanchi Mutt case

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu