The Hindu Business Line : Postal dept gets nod to invest in markets

So the decision by the Government to redistribute the funds of traditional and conservative investors in this conducive atmosphere is a turning point. It is hoped that the decision gives them a positive reward and the investors get capital appreciation.

S. Sivasankaran, Salem

In line with the pension reforms agenda, the UPA Government has allowed the postal department to invest a part of the insurance funds in equities.

So far, these funds were invested in the Government's special deposit scheme, earning a market return of 8.5 per cent, because of the subsidy factor.

Thus, PLI sustained and produced good bonuses. The department has added an option of investing in equities, as per the IRDA (investment) Regulations.

Equity component can push up returns to greater heights, provided the portfolio is managed by experts. One of the fund-managed options may be "outsourcing."

T. S. Sundareswaran, New Delhi

Responses to Sticklish Issues dated April 10 on SBI's decision to go on strike

The news, "SBI talks fail, strike to continue," was disappointing. But news of talks to resuming gave hope and the settlement reached was on expected lines.

This could have been reached without having to resort to a strike. Grievances of employees have to be redressed.

At the same time, it should not be at the cost of disrupting normal life.

A. Jacob Sahayam, Thiruvananthapuram

The SBI pension strike hit the nation. The money market collapsed. Government employees could not draw their salary.

The corporate world and the general public suffered. Banks the likes of SBI should not go for this kind of a strike.

They should communicate demands in an amicable manner. The government should take stringent steps to avoid such strikes in the future.

Bikash Ghose, Chandigarh

There is no visible difference in the efficiency of the SBI employees with reference to the customer relations. T

he best solution is to privatise such organisations; that will give lead to more accountability. Negotiations and non-disruptive activities should be used as a tool to bring attention to grievances.

Balajee Raghavan, e-mail

News that the Government signed an agreement with the unions representing 2.1 lakh employees for the payment of 50 per cent of the pay up to Rs 21,040 and 40 per cent above this level with a minimum pension of Rs 10,570 was disheartening.

This is a very sad episode in labour relates us as the unions chose in opportune time (at the beginning of the new fiscal year) to strike without caring for inconvenience caused to the public.

It is time that the Government examine privileges given to premier nationalised banks and decide whether all the government work and bulk of foreign exchange dealings may be spread to other nationalised banks.

T. S. Sundareswaran, New Delhi

The main bane on such monolithic organisations is that employees can hold the management/government/customers to ransom. The government has yielded to pressure in conceding to their demand.

No one in the management/government has asked the employees to reciprocate with improved performance.

Subalakshmi, Madurai

Responses to Sticklish Issues dated March 27 on poll reforms

Though poll reforms have been undertaken in the past 10-15 years, a lot more needs to be done. The most important issue to be tackled is ensuring that all eligible voters exercise their franchise, without fail.

S. Krithivasan, e-mail

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