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Apropos the editorial ‘Gilt-edged issue’ (October 28), the proposal to shift from mark-to-market valuation to an accrual-based approach for long-dated government securities could indeed bring more stability to how our pension wealth is reflected, shielding it from daily fluctuations in bond prices. It is reassuring that the regulator is engaging with all stakeholders and emphasising greater transparency in disclosures to help investors understand NAV movements better. Reforms must continue to uphold the NPS’s defining strengths — low costs, discipline, and long-term focus. For pension savers, what matters most is stability at exit, not short-term swings. If the proposed framework ensures lasting security, prudent risk management, and honest communication, it will deepen subscriber confidence and strengthen faith in the NPS as a dependable retirement vehicle. K Sakunthala Economy on song This refers to ‘Economy humming on GST 2.0, festival boom’ (October 28). The Indian economy has proved to be the major bright spot in the world economy amidst the growing global uncertainties, high US tariffs, simmering Ukraine war and tardy global growth. Effective control of inflation and GST reforms have played a key role in fuelling domestic demand and consumption. Capital markets are shining with institutional investors making a beeline and investor sentiment is positive. Foreign investments also have experienced robust growth. Despite macroeconomic stability and a “humming” economy, private investment is still lagging behind and the public capital expenditure on infrastructure continues to be the primary driver of the economy. It is time private investment also picked up pace to accelerate growth and drive the economy to newer heights. Kosaraju Chandramouli Poisoning public health It’s outrageous that digital giants continue to flood our screens with fake medical ads, exploiting the sick and desperate for profit. These platforms hide behind “immunity” while promoting quack cures and dangerous lies. The Drugs and Magic Remedies Act exists only on paper because enforcement is toothless. Why isn’t the government cracking down on these digital vultures? Public health is not a playground for corporate greed. Ban such misleading ads, impose billion-rupee penalties, and hold tech CEOs personally accountable. Vijaykumar HK Curbs on Russian oil This refers to ‘New dynamics over Russian oil’ (October 28). The sanctions on Rosneft and Lukoil have shaken the global oil market. It has the potential to choke supply to India, as two-thirds of our Russian oil import comes from these two Russian majors. India now will have to grapple with rising costs and disrupted supplies. While the ultimate objective of the sanctions is to bring Putin to the negotiating table, India has become a collateral damage. India will have to strike a balance between securing our energy needs on favourable terms and complex geopolitical realities. Published on October 28, 2025
