Crime Today News
Scarred by tariffs
What comes as a surprise in the current tariff face off is that the US should be so fiercely steering multilateral trade to a bilateral regime. It is a consumption-led economy and its export was long indifferent to competitive manufacturing. That said, Chinese growth has slipped in the disruption of its export sectors.
Some manufacturing could move out and yet China would retain advantages of infrastructure and scale. The US may not be able to replicate that adaptability in a highly compressed time frame.
The economic interdependence and heavy mutual investments among the two, must create incentives for compromise.
But deep rivalry,domestic constraints and structural disagreements will prevail to stymie a detente.
Nevertheless as major economic blocs and nations sift through their strengths and weaknesses, so rudely exposed now, we may well see a more cohesive and purposeful global fora emerge.
R Narayanan
Navi Mumbai
Painful hike
With reference to the Editorial ‘Unfair burden’ (April 11), the price of domestic LPG cylinder has been hiked by ₹50 per cylinder.
Also government has raised excise duty on petrol and diesel but the hike would not be passed on to customers and would be borne by OMCs.
With falling global crude prices, the hike was most unnecessary and the government needs to rethink it.
P Victor Selvaraj
Palayamkottai (TN)
Prudent measure
With reference to the article ‘SEBI sends right signal’ (April 11), SIFs provide additional opportunity for small and medium investors in mutual funds, to subscribe to long- and short- cap schemes and hedge funds managed by Cat III AIFs.
The benefits that accrue to the investors in these special schemes include enhanced risk protection, assessment of fund performance review through mandatory periodical reporting and strict compliances standards to be followed by fund managers, besides offering concessional operative charges both at entry and exit levels.
Though the compliance burden on AMCs increased, the new scheme introduced is a prudent measure by SEBI in the interest of mutual fund investors.
Sitaram Popuri
Bengaluru
Published on April 11, 2025
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