Export policy

The suggestion to implement a sensible policy regarding export of farm produce in the editorial, “Export control Raj” (Business Line, May 5), is most appropriate. Whenever one reads about record production of wheat, basmati rice, cotton or onions, one has mixed feelings. While on the one hand we feel proud of the record output, on the other hand, we are reminded of inadequate and poor warehousing facilities. During the last 20 years, after liberalisation, we have failed to substantially augment storage capacity or revamp existing facilities. That is why we hear news of rotting wheat or rice stocks. This scenario underscores the importance of a sensible export policy, which would protect interests of all: farmers, consumers and the State. Narendra M. Apte Pune RBI clarifies With reference to the “Automated Data Flow – IOB to migrate to Oracle platform after RBI diktat” (Business Line, May 6), the RBI clarifies that it has never directed banks in the RBI's Automated Data Flow project to opt for any particular technology or vendor. The decision of technology and vendor in this regard is left to the banks.

 Alpana Killawala Chief General Manager Department of Communication, RBI (HBL)