Apropos ‘MSMEs: Time to step up’ (June 25), MSMEs occupy a pivotal position in driving our economy, primarily due to their capacity and potential for providing employment and powering export growth. However, an estimated 85 per cent of more than 64 million units still depend on informal credit channels, often borrowing at usurious interest rates. Further, their clients, often big businesses, inordinately delay payments for the goods supplied by the MSMEs pushing them into bigger debt and increasing their woes. These two issues need the immediate attention of the authorities to formulate suitable policies to ameliorate the situation. Seller financing stressed in the article could bring substantial relief to the MSMEs.

Solving these issues will also help MSMEs to scale greater heights in terms of scale of business and competitiveness in the domestic as well as global markets.

Kosaraju Chandramouli

Hyderabad

India’s tech ascendancy

Apropos, ‘Meta transformation’ (June 25). Kunal Shah’s appointment as global head of WhatsApp at Meta, alongside a reported $900 million investment commitment, represents a watershed moment for India’s technological ascendancy.

His distinguished entrepreneurial trajectory reflects a rare aptitude for building and scaling disruptive enterprises in highly competitive markets.

The elevation of an Indian business innovator to a strategic position within a global technology giant underscores the growing international recognition of India’s intellectual and managerial capital.

N Sadhasiva Reddy

Bengaluru

Deposit insurance

Presently, bank deposits in all commercial banks, RRBs and cooperative banks are insured with a maximum coverage of ₹5 lakh per depositor per bank through DICGC. In recent years, RBI has been cancelling licences of a number of cooperative banks for lapses and failure. This adds to the concerns of depositors, especially senior citizens who depend largely on interest income for their livelihoods. It is estimated that senior citizens’ total term deposits amounts to ₹34 lakh crore, with roughly 74 million term deposit accounts held by them. The existing coverage, therefore, will definitely not be adequate and requires to be enhanced substantially.

C Ganesan

Chennai

Published on June 25, 2026