Sir — This refers to the editorial, “letting the benefits flow” (December 3). Most people were expecting that Prime Minister Narendra Modi, during his December 31 address to the nation, would talk about re-monetisation efforts of the Government. However, the Prime Minister failed to live up to the hype. In an uncharacteristically low-key speech, he unveiled a number of subsidies for the poor, middle class, farmers, small businesses, would-be mothers and senior citizens. The incentives were either too trivial or were overblown in a bid to woo voters ahead of elections in various States.