Challenges remain Time to get real

With reference to S L Rao’s article, “Just the beginning” (May 17), as the Narendra Modi government completed three years in office, the Indian corporate sector gave it a thumbs up. It will not be an exaggeration to suggest that this government is on the right track to achieve what it had promised when it took over.

However, there are areas that need the government’s attention so that the economy can be brought back on track for sustained and long-term growth. Removing black money from the system and digitisation have been at the core of this government’s agenda.

While the government has strengthened itself, job creation and clean-up of the banking system remain its stumbling blocks. Clean-up of the banking system is directly linked with pick-up in bank credit and investment and the Make in India campaign. Until banks’ books are cleaned up and the banks are not recapitalised, fresh lending won’t happen. This will deplete investments in the country leading to lack of employment opportunities. The government has to act fast on these problems because technically only one and half years are left in its term.

The recent cyber attack, WannaCry, has exposed India’s vulnerability on online security at a time when the With reference to the Chinese Whispers item, “Donating to charity as protest” (May 17), the news comes as no surprise given the current job situation. The banker in question should be thankful that he was not handed the pink slip.

While the banker’s act of donating his meagre bonus to charity should be appreciated, doing so as a mark of protest may not hold any value for his employer.

It’s time to get real; Gandhigiri may not work to the advantage of a Good Samaritan like the banker.

S Kumar New Delhi