Half-hearted efforts

This refers to “Reforms not put on the backburner: Bansal” and “Rupee fall continues, hits 56 to a dollar” (Business Line, May 24). On the reforms front, the Government is so used to rollbacks, that it prefers to bring in half-baked measures to show that it is doing something and project that the coalition partners and opposition parties are the stumbling block. On fuel prices, the Government should have arrived at an auto-linkage formula vis-a-vis the crude oil basket's price. On the rupee front, the RBI is inching forward in uncertain times, especially because the economy is so interlinked with foreign markets that no monetary or forex measure can stand the test on its own. The RBI's firmness appears to be the right stance at this stage.

- K.U. Mada Mumbai (HBL)