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In good faith

We need to demonstrate firmness in dealing with corporate fraud. But there will always be some entrepreneur with all the right connections in the political establishment


January 27, 2009 2:09:50 am

In good faith

This refers to the Idea Exchange with Nandan Nilekani

(IE,January 25). We need to demonstrate firmness in dealing with corporate fraud. But there will always be some entrepreneur with all the right connections in the political establishment,who will know just how to manipulate the auditors and have the will to make money at any cost. While we upgrade our laws,the fraudsters continuously improvise and stay ahead. Regulations work,but there is no substitute for transparency and honesty. Nobody can force a corporate to exercise social responsibility; nor can environmental norms be always implemented. Laws and policy should look for ways to inspire entrepreneurs to act in good faith.

— Tilak Jha

New Delhi

Congratulations

I join the community of Indian Express readers,to congratulate Editor-in-Chief,Shekhar Gupta,on his Padma Bhushan. Shekhar is a bold and path-breaking journalist who never hesitates to speak his mind on what matters to our democratic polity. He is an inspiration for those who believe journalism plays a vital role in shaping public opinion.

— Parimal Y. Mehta

Mumbai

Grand old follies

Seema Chishti’s ‘Congress’ Naya Daur’ (IE,January 26) wouldn’t convince those very optimistic about the Congress’ prospects. The grand old party has degenerated into spoils for everybody. At the same time,the party’s national popularity has declined — it is reduced to a fringe player in its former bastion of Uttar Pradesh. Periodically,it is held to ransom by people like Natwar Singh,

Arjun Singh or A.R. Antulay. Now,it seems as if Y.S.R. Reddy too is going to cost the grand old party dearly,post-Satyam. In the recent assembly elections,barring Delhi,it had little to boast about. The country is heading towards another problematic coalition,one that the Congress is not certain to lead.

— Prasad Malladi

Nidadavole

Keeping promises?

This refers to ‘The remaking of America’ by Nicholas

D. Kristof (IE,January 23). Any change has to be viewed with scepticism; it must stand the test of time. However,it isn’t so in the case of Barack Obama. Obama has begun acting on his election pledges from day one. He has also made it clear that he holds transparency high,and people will be able to monitor the “change”. From the announcements he has made so far,it is foreseen that here is a man who is not only candid in his approach but also firm in his ambitions.

— Bhaskar Sen

Ghaziabad

Place in the sun

The article ‘The UPA’s little master’ (IE,January 26) on Pranab Mukherjee’s political career was interesting. It is a delicious irony that the current PM became RBI governor during Mukherjee’s tenure as finance minister. Even if history passes him by,Mukherjee’s contribution to the party and government has long been taken for granted.

— John Alexander

Nagpur

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