Opinion - Letters to the Editor   

Kelkar proposals

Sir, — One obvious fallout of the Kelkar recommendations (if implemented) will be to discourage the saving habit among the middle class, and to encourage all the surplus funds to flow into the speculative share markets. Can any economist or government spokesman, for that matter, explain how this will serve public interest?

R.V.G. Menon,
Thiruvananthapuram

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