MONEY & BANKING
This refers to the editorial, `Coal confusion' (Business Line, July 19). The ERC has not suggested anything new. The Fazal Committee, set up by the Planning Commission in the early 1980s, also suggested the same. Several studies later, the same conclusio
n has been reached.
The UTI debacle
The UTI, in allowing its non-individual investors the privilege of redemption of massive sums of more than Rs 4,000 crore, just few months prior to the decision to suspend sale/purchase of US-64 units, did great disservice to its small investors and the
general public. Corporate and big investors were allowed the exit route from the scheme, at the cost of small investors for whom the scheme was initially floated.
More summits for peace
Though there was some disappointment on the outcome of the Agra Summit in relation to the hopes it created, no one can expect that the problems between India and Pakistan could be solved in one sitting. Perhaps the `Agony in Agra' (Business Line, July 18
) was to find suitable words, phrases and sentences for a joint statement or declaration and the failure to find it.
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