This refers to the article, “Cashing in on coin shortage” (Business Line, September 6). Coinciding with the big agenda set out by the new RBI Governor comes a trivial news item that retail traders all over India have been experiencing an acute shortage of small coins. This is nothing but a mismatch between demand and supply. As the report itself has stated, the RBI has been supplying less than the indent thereby creating the shortage. While many of the issues raised by Raghuram Rajan are indeed difficult to tackle, can the RBI not solve this problem? It may seem trivial from a policy perspective but it makes a retail trader’s day quite miserable, not to mention the common man. No wonder middle men make hay by charging a premium on exchange of small coins. Let the new RBI Governor make a good start by resolving this coin crisis.
K. V. Rao, Bangalore (HBL)
No comments:
Post a Comment