The editorial “Strong diagnosis, weak prescription” (Business Line, June 17) has rightly pointed out that it is the failure of New Delhi to give a helping hand to the RBI in containing inflation. Of late, the Government has not been able to focus on managing the economy as it is faced with various other problems such as corruption, black money and the multitude of scams. Ministers are found busy sorting out issues with Baba Ramdev and the civil society and do not seem to be concerned with issues such as inflation, GDP growth, and so on.
The damage caused to the economy is high and it is time the Government spends quality time with the RBI and comes out with some convincing solution to check inflation.
T. V. Gopalakrishnan
This letter appeared in The Hindu Businessline dated 18th June 2011
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