Wealth Club

The refers to ‘Root causes’ (November 26). In a country where politics and economics are dangerously mixed there will always be decisions taken by our government with only short-term objectives in mind. Hike in MSP or farm-loan waivers for that matter are short-term solutions to our agrarian issues; these do not have the potential to be long term problem solvers for our farmers. Hike in MSP would have a positive outcome only when the whole supply chain, from procurement to cold storage, is robust and able to absorb high output in case of good monsoon.

A long term, comprehensive and sustainable approach is the need of the hour, like providing technology to every farmer in each and every corner of the country and availability of cold storage to the farmers. Such facilities should not be limited to rich farmers alone. A multi-pronged approach to make agriculture a sustainable profession for all farmers should be the only priority for the government. By continuously giving in to their demand of loan waivers we are only breaking their back and nothing else.

Noida

Our agrarian sector, vast and fractured into small holdings, has suffered false patronage of sarkars that handed out doles to build vote banks, the leakages therein serving as political funding. This agro-based nation ought to go beyond merely insuring/compensating loss but evolve, enabling systems and infrastructure that would minimise the loss itself by helping optimise agro-productivity, establish nodal agro-processing systems that can profitably utilise perishable agro produce and streamline agro marketing that would ensure fair price to the farmer. All this would give sustained collateral benefits in the long run. We are more dependent on monsoons than we were in the 1950s as the average water tables are down by 30 metres. Even today, the government isn’t seriously looking at agri-reforms.

Navi Mumbai

The aviation sector is confronted with a potential rejig as individual players are gearing up to enforce hybrid strategies, in order to attain much-needed business growth and sentimental uptick. Seemingly, the commitment to establish a competitive business culture, operate newer routes to boost revenues and improve market goodwill are assuming a greater priority to mitigate the impact of turbulent global cues and chronic inflexibility.

A vanilla business-model doesn't seem to suffice as carriers are apparently counting on leveraged buyouts, mergers/acquisitions, re-branding, integration/consolidation, concentrated diversification, cost-effective operations and bailouts to bridge the working-capital gap. With cut-throat competition, besides an improved focus on commercialisation/professionalism, it has become prudent to enforce a consumer-centric approach to benefit from word-of-mouth promotion.

It is indispensable to surmount concerns of lagging profits, lacking innovation/operational efficiency, lowering liquidity, declining market share and sub-par staff-morale in the longer-run.

New Delhi

By winning her sixth gold medal at the Women’s World Boxing Championship in New Delhi, the legendary pugilist Mary Kom had cemented her place as one of the greatest woman boxers of the world.

Her story is of having defied odds of different manifestations, ranging from crippling poverty at a young age to lack of recognition until she won the bronze in 2012 Olympics would always remain a greater source of inspiration for all the budding young women athletes of the country.

That she ran an boxing academy from her home through the prize money she earned and never shied away from fighting all the setbacks that came her way speak volumes about her sheer mental fortitude and resilience. At the age of 35, and a mother of three, Mary Kom is not contemplating retirement from boxing, but preparing for the 2020 Olympics.

Sholavandan, TN

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