Vet loans carefully

That's the root cause of the problem; that's where the collective focus should be

With reference to the editorial, “Caught in a cleft” (September 13), I can appreciate the difficult situation faced by the government and the central bank and their inability to tackle it because of its sheer magnitude. 

The suggestion of the editorial to “consider selling off/divesting stakes in subsidiaries and non-core businesses” is perhaps the only rational possibility. A word of caution: Transferring government stake to the LIC is not a solution. Such temptations should be curbed and the government should go only for genuine divestments.

However, it is crucial to ensure that new loans are vetted carefully so that five to 10