MY VIEWS IN ECONOMIC TIMES ON RESPONSIBILITY OF PSUs & IN LIVE MINT ON DEPOSIT RATES

Economic Times Story on 01.02.13 : PSUs have larger responsibility than private peers: T K A Nair  

Comments of MILAN K SINHA (PATNA)
1 Feb, 2013, 11:48 PM

It is correct that PSUs have larger responsibility compared to their peers in private sector to work towards achieving India's economic goals as asserted by T K A Nair Adviser to Prime Minister Manmohan Singh. Yes, PSUs are expected to perform differently keeping in view both the short term as well as long term perspective of country's overall development. But how this will happen remains to be a big question due to various avoidable and unavoidable factors which affect severely the day to day functioning of the PSUs in the country. Still, most of the board of PSUs function as per the whims and fancies of political masters and not as per the laid down rules and procedures in a professional manner. More often than not, the appointment of chairman and directors are done not on merit, but on their affiliation and proximity to power that be and their willingness to toe the unwritten but known defined line. If that is so, how come PSUs compete with the private players in this open market economy and keep themselves really performing in true sense of the term. We can't have parity in performance without having parity in level playing field. Our political class must appreciate that well done is always better than well said.

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'Live Mint' story on 08.01.13 : RBI wants deposit rates as high as possible to generate savings

Comments of Milan K Sinha

29 Jan, 2013 09:49 PM

It would be interesting to see the impact of 0.25% reduction in Repo rate and also  in Cash Reserve Ratio (CRR) which is going to increase the money supply and affect the rate of inflation accordingly to some extent, on the pace of economic growth during the next few weeks in the current fiscal. But, in any case,  without ensuring perceptible improvement  in loan delivery mechanism together with  NPA management in Indian banking sector in coming days,   the current rate cuts is going to have minimal effect on GDP growth, even though  all other factors having a definite bearing on economic growth are kept at the same level. Notwithstanding, let us hope for the best.

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                                                               Will meet again with Open Mind. All the Best.