Open House

Open House

Kim-Trump Next Meeting Holds Key for Korean Peninsula

Read the cover story ‘Heading for Re-union’ and agree with author’s view that both Korean leaders are leaving personal egos aside to keep the peace process on top, it looks that they have a cue of Vietnamese re-union, which suits to Korean peace process. It may emerge as the major political development of the Korean Peninsula: US President Donald Trump is expected to  hold second summit-level meet with  North Korean leader Kim Jong-un in not “very distant time.” And this has been broadly conveyed by the American President himself during a meeting with South Korean President Moon Jae-in on the sidelines of UN General Assembly in New York recently.

Md. Mahfooz Alam, Hyderabad

Indian Mutual Fund Investors Won’t Forgive Their Fund Managers

Indian retail investors won’t easily forgive their fund managers, nor will they quickly forget this wealth destruction. Out of 416 open-ended, onshore equity funds, 401 have lost money this year. Tech funds, the only ones to have performed decently, have been helped by Asia’s worst-performing currency of 2018. And that’s only because Indian software exporters earn revenues in a strong dollar and pay wages in rupees. Most other mutual funds are down 20 percent to 40 percent in a flat market.

Beenu Mishra, New Delhi

Chorus of Voice Against RBI is Unjust

The RBI’s steadiness on rates was born of its belief that inflation was close enough to the bank’s target zone. Now, you might disagree with this belief — as I do — but there’s no question that the central bank’s monetary policy committee was doing its job as it saw it. The problem lay in the reaction to the RBI’s decision. Naturally, the rupee fell even further; markets had hoped for higher interest rates that would have encouraged foreign investors not to sell their rupee-denominated assets. A chorus of voices, some within the political establishment, began to complain that the RBI was ignoring the rupee, ignoring threats to growth and so on.

Gourav Sinha, Patna

BJP’s Lotus To Bloom In Valley’s Autumn

The civic elections are being boycotted by the National Conference and PDP, the two regional parties who have all along ruled the state, who say the centre is being duplicitous about its stand on the special status promised to J&K. The BJP’s opponent is the Congress, but this party has failed to persuade members to run as candidates in most areas of the Valley. So the elections are largely about the BJP and independent candidates who are largely friendly to it. So, unknowingly, both the regional parties have given a foothold to the BJP in the valley that may help BJP’s Lotus to bloom in valley’s autumn.

Mohammad Nasir Ali, Gulmarg