Letters to Editor - The Hindu BusinessLineSENSEX 82,200.34+ 442.61NIFTY 25,090.70+ 122.30CRUDEOIL 5,776.00 -22.00GOLD 99,439.00+ 1,415.00SILVER 114,818.00+ 1,868.00SENSEX 82,200.34+ 442.61NIFTY 25,090.70+ 122.30NIFTY 25,090.70+ 122.30CRUDEOIL 5,776.00 -22.00CRUDEOIL 5,776.00 -22.00GOLD 99,439.00+ 1,415.00'; } 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 21, 2025 at 09:21 PM.Surplus liquidityThis refers to ‘Fluid situation’ (July 21). The RBI seems to be taking on multiple roles — managing inflation, interest rates, and growth through frequent VRRR auctions. This raises concerns about it overstepping its core mandate of monetary policy regulation. The government must support monetary policy with calibrated fiscal measures. Record dividends from the RBI and PSBs should be deployed in a staggered manner, especially for infrastructure, to avoid worsening the surplus. Persistently low deposit rates may further constrain deposit growth — the primary source of bank liquidity.Unchecked surplus liquidity risks stoking inflation. In a fragile post-tariff global landscape, a coordinated monetary-fiscal approach is essential to avert broader economic instability.Srinivasan VelamurChennaiRailways’ way forwardThis refers to ‘Railways should change track on passenger services’ (July 21). The Railways must embrace a future-ready model driven by data, dignity, and dynamic pricing. Route-wise pricing — especially between metros — must reflect demand elasticity. Seat allocation analytics can bring in premium pricing for lower berths in AC classes, akin to airline strategies. AI-powered fare engines, like Vande Bharat’s last-minute unreserved ticketing, are the way forward to ensure optimal occupancy.Unreserved travel must not mean undignified travel — more seats, better ventilation, and cleaner coaches can uplift millions.Arul Mozhi VarmanSivakasi, TNBJP-RSS partnershipApropos, ‘RSS vs BJP: Guess who will win’ (July 21). The BJP and its ideological parent, the RSS, share more than just roots — they align closely in both ideology and organisational structure. Most top BJP leaders are seasoned RSS pracharaks who transitioned into political roles, embodying the Sangh’s values. While the RSS may influence key decisions and appointments within the BJP, both function in close coordination, ensuring ideological and political alignment. The idea that RSS didn’t support BJP during the 2024 elections is flawed. Electoral outcomes were largely State-specific, influenced by local factors. .N Sadhasiva ReddyBengaluruKeep ED above politicsThe Supreme Court’s sharp observation cautioning the Enforcement Directorate (ED) against becoming a tool for political battles is both timely and commendable. Democracy thrives when institutions remain neutral and focus on their constitutional roles. The judiciary’s reminder to fight political contests before the electorate reinforces people’s faith in justice.Agencies like the ED must uphold credibility and avoid actions that appear partisan. It is vital to strengthen checks and balances to ensure investigative bodies remain independent, fostering public trust and preventing misuse for political vendettas.Vijaykumar HKRaichur, KarnatakaPublished on July 21, 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 }