Just cosmetics?

This is with connection to the Express report that SEBI has fined DSQ Software and its promoter Dinesh Dalmia Sept 10. By fi...

This is with connection to the Express report that SEBI has fined DSQ Software and its promoter Dinesh Dalmia Sept 10. By fining Dalmia over Rs 600 crore, SEBI is getting nothing more than big headlines. It is not known, one, whether Dalmia has this money to give as a deposit; two, if he is even in India and is at all bothered about SEBI8217;s order and, three and more importantly, no details are mentioned as to how and why SEBI expects Dalmia to give this deposit. As for banning him from capital markets for 10 years, that8217;s no big deal for only the most ill-informed investor would have given him more money in the first place. SEBI is adept at pulling out old cases and delaying its orders on new ones. For example, there is no report on who hammered the PSU stocks at the time of PSU divestment, who sold so heavily on May 17, no report on GTB and no report on why Bajpai unilaterally lifted a ban on GTB promoters to sell shares while the investigation was still going on.

8212; Rajesh Khandelwal New Delhi

Leftists and 8216;outsiders8217;

8226; There are many proponents of the concept that in a developing country all right-thinking people should be 8216;left8217;-thinking. But most will agree that the Communists are being rather childish over the issue of having foreign consultants on the Planning Commission. If our left and right parties keep clashing, it may be better that some independent advice flowing in from outside the country. For instance, it was just as well that a foreigner, Sir Richard Attenborough, directed the film Gandhi. Had it been an Indian, there would be no end to controversies!

8212; Mukund B. Kunte New Delhi

8226; If Left economists think that they have qualifications to improve the condition of people, why don8217;t they start showing what they can do in West Bengal and make it the richest state in India. The CPM has been ruling Bengal for more than 25 years and it one of the poorest states in the country today.

8212; Ramesh Lahoti Navi Mumbai

Congress8217; second rung

8226; The editorial, 8216;Heirs apparently8217; IE, Sept 21, is ironical since the comment should be more on the second rung of the Congress rather then the BJP. The BJP at least has a semblance of inner-party democracy. Sadly, the same cannot be said about the Congress. Its second rung is is infested with scions who have nothing to their credit besides being, well, scions.

8212; Shalini Sharma Mumbai

Cowards all

8226; Your story on the repeal and restructuring of POTA exposes the cowardice of our leaders IE, Sept 22. It is known even to a novice how to fudge e-mails sender/receiver8217;s identity, thus giving wide powers to the police to plant fictitious charges on the hapless. Even the British raj was concerned about the fairness of a trial. During Nehru8217;s time the unbridled power conferred on the army through the Special Powers Act is a sign of cowardice in the face of rebellion. The British never imposed such a law.

8212; Prasenjit Sen Mumbai