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RV Baskaran
Pune
This refers to the editorial ‘Troubled finances’ (June 24). At a time when revenues from various sources are declining, the Tamil Nadu government is right in focussing on revenue reforms. However, fiscal prudence can be achieved only if unproductive expenditures are contained. Most importantly, the government must prevent its debt burden from ballooning. By investing more aggressively in industrial infrastructure and creating a conducive environment for investment, the State government can stimulate growth, expand its revenue base, and gradually reduce the disproportionate burden of interest payments relative to capital expenditure. For the next five years, the biggest challenge will be to fulfil its poll promises while ensuring that its debt remains within sustainable limits.
S Lakshminarayanan
Ko-Puvanur, Vriddhachalam Taluk, TN
This refers to ‘RBI’s timely move on margin trade’ (June 24). The concern is well-placed. Margin trading expanding to retail investors is not inherently problematic, but the risk concentrates quickly when the margin book grows faster than the quality of collateral backing it. Bank lending to capital markets crossing ₹2.81 lakh crore deserves regulatory attention, not reassurance. SEBI and RBI need better real-time coordination on broker exposure data before the next bout of market volatility tests the system seriously.
SM Jeeva
Chennai
Apropos ‘Crops in 111 districts most vulnerable to monsoon deficit, says Govt’ (June 24). Plantation crops need a specific and foolproof plan in view of its annual/biannual cropping culture. With reservoir levels at its lowest, groundwater depleted, water for human and livestock getting priority, the government must immediately implement plans to supply treated water from urban localities so as to save delicate plantation crops, which cannot be revived once they wither.
Rajiv Magal
Halekere Village, Karnataka
Published on June 24, 2026
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