The 5 per cent increase in the salaries of bank staff is just not enough (“Bank staff plan to strike work on Jan 20-21”, Business Line , December 24). Bank employees are entitled to bipartite wage increase from November 1, 2012, but negotiations have not gone ahead much. It is unfortunate that the government, which always compares public sector banks’ performance, asset quality and other factors with new generation private sector banks, conveniently forgets the gap between the salaries these two kinds of banks pay.

B. N. Bharath

Hubli

Counter currency

The RBI decision to send a warning note on bitcoin operations in India is a step in the right direction (“RBI red-flags use of Bitcoins”, Business Line , December 24).

Following the move, some bitcoin operators shut operations. Bitcoins pose a risk because globally, bitcoin users are known to have taken part in money laundering and drug trafficking, and financing terrorism. India already faces plenty of counterfeit currency problems and bitcoin may add to it. Until there are proper regulation and secured systems, bitcoin circulation should be suspended in India.

N. R. Nagarajan

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The year of people

All through 2013, the world witnessed many unprecedented events. The passing year has proved that the people’s minds are set towards the goal of development. Citizens are now well aware that there are no free lunches. And the various election results have clearly demonstrated that the people voted for peace and prosperity and that they are serious about their well-being. The message is very clear. The political class should be wary of it.

P. S. Saravana Durai

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