Economy
Stamp duty
In line with the Building Regularisation and Layout Regularisation schemes, the State Government should introduce a stamp duty registration regularisation, which could

Interest rate cuts
In `Interest rates cuts; Not a panacea for all ills' (Business Line, April 13), the author has pointed out how a rate cut could also lead to inefficient use or misuse of scarce capital. But the worst affected are retired persons who have no pension and h ave invested their life's savings in some monthly scheme or annuity. An initial investment for five or six years and, later, reinvestment gave the same or better returns because of the rising interest rates. But now, when they go for reinvestment, they w ill be hit hard by the interest rate cut.

Stocks
Clarification
This refers to the article `Infosys profit warning raises ethical issues' (April 14) which quotes me: ``The question mark on the sustainability of the future growth rate, falling billing rates and over-exposure of institutional investors in the stock are likely to keep Infosys weak''. I have never spoken to Mr Ashok Jainani, leave aside giving the above quote. The reporter seems to have completely missed the point I made in the ``Results Update'' prepared by us.

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