Heartiest congratulations to one and all in the BusinessLine family on completion of 25 years. The paper has evolved over the years, in line with the needs of the vast majority of readers. The various in-depth analyses and rich content, especially on the share market, are worthy of appreciation. Reading BusinessLine has become a part of my daily routine.

MumbaiCongratulations to BusinessLine on its 25th anniversary. As a member of the plantation community it would have been nice if someone from our group had been given the space to express our encomiums on the thoughtful articles that are published in the agri and commodity pages. The plantation sector, it may be noted, is largely responsible for helping maintain the fragile ecological balance. During the recent Kerala floods, for instance, the catastrophe would have been worse if it were not for the canopy cover provided by the plantation sector.

E-mail

This refers to ‘Collective failure’ (January 28). Indeed if the CBI’s FIR is correct and all allegations are true, then it is nothing but a fall from grace for former ICICI Bank head Chanda Kochhar. And it will also lead to several key questions like: Why did she and other private sector bankers compromise their integrity even though were earning no paltry sum as salaries? Were these heads of private banks, like their public sector counterparts, vulnerable to the lure of illegal wealth? We have seen private sector lenders like Axis and YES Bank not reporting their true NPAs in recent years. So it is a collective failure by these well-known institutions. Corporate governance still remains merely a word in the dictionary, and seldom followed in letter and spirit. Whistle-blower protection is the need of the hour. Hopefully, the Ministry of Corporate Affairs and SEBI will not let go of the opportunity that has arisen out of ICICI issue to set things straight in the corporate world.

Noida

This refers to the news report that the Finance Minister is scheduled to meet the CEOs of the public sector banks for discussing ways to improve their working. It is a significant move by the minister in the context of the huge NPAs the banks are facing.

A vibrant banking sector is necessary for the development of the industrial, commercial and agricultural sectors. The meeting must take into consideration the important issues so as to make the banking sector efficient and vibrant.

Coimbatore

That the Supreme Court has upheld the Insolvency and Bankruptcy Code, by rejecting the challenges mounted by some corporate defaulters, is indeed heartening. The IBC, with an exit mechanism, is now found to be helping banks ease their mounting debt burden. As an effective tool for creditors, the code plays a significant role in forcing debtors to come to the negotiating table. Speedy resolution of cases featuring huge outstanding claims, now being referred to insolvency courts, holds the key for recapitalisation of state-owned lenders.

Sholavandan, TN

This is with reference to the article ‘How India became a start-up nation’ (January 28). Although this scheme of the government is laudable there should be a clear demarcation of entrepreneurs based on the location of their business. The entrepreneurs who like to set up their business in rural, tribal and backward areas should be given more concessions. The cities have many advantages like uninterrupted electricity and good infrastructure and transport facilities. Hence taking advantage of the norms of the scheme many entrepreneurs prefer cities and urban areas where they can easily set up a business house. However, this will add to problems of already crowded cities. If businesses are encouraged to set up units in villages and tribal areas, the people there can find employment.

Thane

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