Page 40 - Letters

Letters: The nub of the matter

However, the multi-agency probe, if carried out speedily and honestly, should be able to uncover the truth and separate the legitimate accounts from the ones belonging to tax evaders

Letters: Fiscal deficit target

Since the global financial situation is still not stable - China is looking at dwindling growth and the Indian economy, though stable, might also be affected by global headwinds

Letters: Clamour for rate cut

Pressures are building up now from different quarters for a rate cut by the RBI to give a boost to investment and prop up growth

Letters: Bad loan recovery

Successive governments have come out with numerous, great sounding policy measures, but as we are aware most of these do not even reach the execution stage

Letters: Put customers first

However, the policy has some positive features. It puts the onus of warranties and after-sales service on sellers, and not marketplace companies

Letters: Curb loan defaults

The RBI's apprehension that the livelihood of many employees would be affected if the names are revealed is genuine

Letters: More autonomy needed

The government needs to infuse professionalism in bookkeeping and funds management by organisations such as the Employees' Provident Fund Organisation

Letters: Jangalmahal key for TMC

Banerjee's government has been able to establish peace in the Jangalmahal area

Letters: Steps to produce champs

We have to start with the training of millions of schoolchildren, put them through the drill of physical education, spot talent and aptitude at an early age, then put them through years of rigorous training by expert coaches

Letters: No one is innocent

Of course, the political drama began with a revolt of sorts by some members of the Assembly - nine from the Congress and a few others of the BJP - against the Congress-led state govt

Letters: Muzzled voices

With reference to Maher Sattar's report, "Bangladeshi editor faces 79 cases, 175 years in jail after unusual confession" (March 29), Mahfuz Anam is facing a plethora of defamation and sedition cases in different courts of Bangladesh

Letters: Cautious optimism

The Congress and the Aam Aadmi Party have protested the visit of a Joint Investigation Team (JIT) from Pakistan to probe the January 2 terrorist attack at Paathankot airbase

Letters: Reset growth goals

Social equity, the fulfillment of basic health and educational needs, and participatory democracy are crucial elements of development, and are interrelated with environmental sustainability

Letters: Cong, BJP on same boat

Ironically, the same nationalist party is now scouring for a political space at the national level with its strength reduced to just 44 members of Parliament in the Lok Sabha in 2014

Letters: Digital banking

No wonder, despite the smaller size compared to the big players such as SBI and ICICI Bank, HDFC Bank has been giving tough competition to its peers

Letters: Recovery of dues

With reference to Devangshu Datta's column, "Rate cuts are not a panacea for all ills" (March 21), one of the root causes of all economic peril is persisting loan delinquencies, which obstruct the smooth flow of credit in the economy thereby hampering investment, consumption and demand.In such a situation, any cut in policy rates is worthless due to the inability of banks to transmit the effects in time. Until and unless a reversal occurs in the diminishing returns of banks, they won't be able to transmit the effects of policy rate cuts without a downward revision in the interest rates of deposits. In case banks take this path, it would be at the cost of depositors; it would also adversely affect the resource mobilisation of banks.The current rate of interest on deposits of various tenures is not justifiable when compared to the cost of sustenance. It will negatively impact the segments dependent on interest earnings for their livelihood.The need of the hour is to focus on the recovery

Letters: Blow for senior citizens

With reference to the editorial, "Cut in savings rate is a sound decision", interest is the only source of regular income for many senior citizens. A sharp interest rate cut in savings schemes for senior citizens and term deposits is a blow to them. The value of their interest income keeps dipping while the cost of living keeps rising. Medical bills go up in advanced age. Getting proper treatment in government hospitals is quite difficult and treatment in private hospitals is unaffordable.The government's argument for cutting rates is that it will pave the way for the Reserve Bank of India to trim lending rates of banks. But hardly any senior citizen will apply for a bank loan to buy a car, house, etc.One view is that the rate cut is the result of pressure from foreign mutual funds and insurance companies, which contend that if people continue putting their money in secured deposit schemes, where would they get their customers from.M C Joshi, LucknowLetters can be mailed, faxed or e-ma

Letters: Falling ill before an arrest

The alleged culprit prolongs by a few months his/her long-winding trial process, which sometimes takes decades to arrive at a final verdict

Letters: Real estate bill welcome

The real estate sector is infamous for its lack of transparency. On the question of black money, a regulator was a dire need

Letters: Enforce banking reform

To target bad loans and its negative impact on the capital and health of banks, the government needs to undertake radical measures