Letters: Rich lists

This refers to the report "Banks wrote off Rs 1 lakh crore in 13 years: Chakrabarty"(November 19). It is heartening to find that a debate on who favours whom has started at the highest level. This is good for the health of the economy. The Indian economy has enough resources to restore its health. Revelations like the ones made by Reserve Bank of India deputy governor about bank write-offs in favour of big borrowers and annual waiver of taxes payable by corporations while tabling Budget estimates, will give a rough picture of how the rich are becoming richer. The government should compile this information and create an inventory of the estimated domestic stock of gold and other precious tradable resources.

M G Warrier Mumbai

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