The RBI’s move to have the repo rate reduced by 25 basis points cut will do nothing to revive economic growth (Page 1, February 8). For the last three years, the clamour for this has diverted attention from the need for reform and dealing effectively with the growing problem of bad loans. It is not an encouraging signal that despite the economic reforms the government resorts to, the poor/marginalised are not deriving any benefits. Recognising the ills that plague the economy and taking steps for a meaningful revival must be the way forward.
Nagarajamani M.V.,
Hyderabad
