Page 2 - P V Narasimha Rao

Letters: Not a total rollback

In the column, "Don't praise Rao" (June 25), Mihir S Sharma says the 40 per cent increase in fertiliser prices was the centre-point of the Budget in 1991. The column gives the impression that the increase was completely rolled back. This is factually incorrect: the price was decreased to 30 per cent - itself a significant change. This was possible because of the initiative of then finance minister Manmohan Singh and the full backing of then prime minister P V Narasimha Rao.Ravi Vira Gupta via emailLetters can be mailed, faxed or e-mailed to:The Editor, Business StandardNehru House, 4 Bahadur Shah Zafar MargNew Delhi 110 002Fax: (011) 23720201E-mail: letters@bsmail.inAll letters must have a postal address and telephone number