Letters to Editor - The Hindu BusinessLineSENSEX 82,184.17 -542.47NIFTY 25,062.10 -157.80CRUDEOIL 5,740.00+ 85.00GOLD 98,850.00 -567.00SILVER 115,128.00 -506.00SENSEX 82,184.17 -542.47NIFTY 25,062.10 -157.80NIFTY 25,062.10 -157.80CRUDEOIL 5,740.00+ 85.00CRUDEOIL 5,740.00+ 85.00GOLD 98,850.00 -567.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Updated - July 24, 2025 at 09:30 PM.Breaching e-comm normsApropos,’ED accuses Myntra of ₹1,654 cr FDI violations in multi-brand retail probe’ (July 24). Charging Myntra with ₹1,654 crore in FDI violations is a necessary and welcome step towards ensuring accountability in India’s digital economy. The company allegedly bypassed FDI norms by indulging in inventory-based models and influencing sellers — actions that breach marketplace guidelines. Such practices distort fair competition, hurt small traders, and exploit regulatory loopholes. Holding large platforms like Myntra accountable sends a clear message that compliance cannot be optional. It also reinforces the government’s commitment to protecting domestic businesses and enforcing a level playing field. Timely enforcement will strengthen investor trust and uphold the rule of law in the fast-growing e-commerce sector.N Sadhasiva ReddyBengaluruDon’t destroy green coverThe Supreme Court’s rebuke to Telangana is a stark reminder that forests are not obstacles to development, they are its foundation. When States treat green cover as expendable, they betray not just nature, but future generations. True progress lies not in bulldozing ecosystems, but in integrating them. Development without ecology is like building a home without a roof. Every tree felled is a breath stolen. The country must ask: are we constructing prosperity, or excavating extinction? Let this be a warning to all States: short-term gains must not uproot long-term survival.Vijaykumar HKRaichur, KarnatakaMisuse of public capitalThis refers to ‘Don’t let promoters misuse public capital’ (July 24). Ethics cannot be taught. It is a trait. Despite no prescriptions for dealing with public money, there should not be diversion/syphoning of funds. Defrauding (incudes diversion) public capital by promoters has reduced a lot, thanks to strict regulations by the capital market regulator. Internal mechanisms as sounding boards of deviation should be in place in every corporate board. Regulators alone cannot ensure safeguard of public funds. The swiftly changing tech dynamics of business definitely requires genuine related-party transactions (RPTs) to support the growth engine. The suggestion that promoters undergo governance training is welcome and needs to be adopted.Raghavan KSMumbaiTrain promotersUnscrupulous promoters of companies misuse shareholders’ and other stakeholders’ fund through related-party transactions. The recent SEBI circular demanding pre-disclosure of related-party transactions to the audit committee and shareholders is a major step in preventing promoters from misusing shareholders’ money.SEBI must closely watch the compliance of the new rule. Promoters must undergo training and be certified fit to render good corporate governance and serve as trustee of public money.NR NagarajanSivakasi, TNPublished on July 24, 2025Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }