The new way of doing business outlined in the cover story (October 31, 2009) gives an insight into anticipated changes in corporate functioning as well as the perils of not being prepared for these changes. GST, IFRS and the proposed Direct Tax Code-3 will give a new dimension to every sector. A harmonious synchronisation of all three is the need of the hour.

This refers to Salman Khurshid’s interview (October 31, 2009). The corporate affairs minister has asked India Inc to trim the salaries of the top brass. This is uncalled for. In a free economy, let the remuneration be determined by the law of demand and supply. If individuals choose jobs that give them high salaries, it will be in the interest of society and the nation. Good salaries will encourage youngsters to work hard.

Jayant Sinha has expressed great views to inspire the youth of India in his column Let The Cream Rise (October 31, 2009). He talks about how India can be a great nation by becoming a meritocracy—both in business and politics, where most states are controlled by families from one generation to the next. The best thing is that Sinha also offers solutions. For example, in politics, one way of preventing the same family from coming to power is by having open political primaries and a transparent funding of election through election trusts. I hope to see more eye-openers like Sinha.

This refers to the article Fix The System (October 31, 2009). I was upset by Jean Dreze’s opinion. It is high time we analysed his opinions with regard to our social and economic needs and political concerns. Scrapping of the PDS system and adopting a unique ID number and hologram ensures supply of foodgrains to everybody. This is the only option left to feed poor Indians. Poverty can be alleviated only through capitalist tools rather than socialist gimmicks.

This has reference to your article on the BSE titled The Sun Set (October 31, 2009). As my name is referred to in a few places I would like to set the record straight once and for all. First, it is mentioned that the MD was forced to leave, which is totally incorrect. Second, the language at another place gives the impression that the amount has been spent by the MD beyond his power. This is again totally wrong. All expenditure, however small or big, had been spent with proper approval. Nothing was ever spent beyond delegated authority.