Comments
This refers to your editorial “Still stressed out” (December 25). It is quite disconcerting to note that the gross NPAs have been raising quarter after quarter though there is a little bit solace of improving credit disbursing.
On the one side the efforts of reducing the existing NPAs go on through various methods with no positive impact so far,on the other side many of the existing NPAs are slipping into NPAs has created a great concern among the Government as well as the RBI.
A notable factor in the recent times is the increase of NPA percentage in private sector banks also. As per the central bank’s asset quality review ,the GNPAs of private sector banks as on September 2017 has been increased by 40 per cent. It is an undeniable fact that one can not stop the advent of NPAs completely, but we can minimise them by taking some strong steps. Consolidation of banking sector is not at all a solution to this burning problem. It is still worrying to note from the data compiled by IBA that a raise of NPAs in educational loans in PSBs is a cause of concern.
For this also the government has to take the responsibility as it is on the instructions of government only in order to encourage education banks have freely disbursed educational loans and facing the consequences now.
TSN Rao
Bheemavaram, AP
BJP should introspect
Apropos the news “In RK Nagar, Dhinakaran stuns AIADMK, DMK” (December 25), ironically, this by-poll saw a total of 59 candidates contesting for an Assembly seat and except for the top two contestants, all others forfeited their deposits. But, interestingly, the BJP’s Karu Nagarajan could secure just 1,417 votes much lesser than even the NOTA. Truly speaking, such a dismal show by its candidate here should serve as an eye opener for the top brass of this power-savvy BJP.
S Kumar
New Delhi
Bit by bit
‘How Bitcoin swings gave Big-B a big scare’ (December 25), indeed was timeline news; however, the bitcoin mania is yet to get most of the common retail India investor these reports make people aware of the general risk and also creates awareness of what and where are the people are investing.
Investments are subject to market risk and subject to risk, is the main investment mantra and also high risk and high gain is always true. We have seen income tax department now chasing people who have invested in bitcoin and how gains are realised and where are the sales proceeds received is indeed one step to find the source and tax the gains.
We need more awareness for the bitcon and other cryptro currencies; how they are taxes and also what are the ways to buy and sell, etc. We need to know which Indian companies are into bitcoin-related affairs and where the currency can be purchased.
Kamal Anil Kapadia
Mumbai
Modi factor
This refers to “The reigning ‘Sikander’ of Indian politics” by Rasheeda Bhagat (December 25). Prime Minister Modi is blessed with spectacular oratory skills and a charismatic personality. The essential qualities are bottled together in him; seldom one can find such instances in the contemporary world, and this is intelligently utilised by his party to the hilt to garner votes and ably supported by master strategist Amit Singh concomitant with dedicated party cadre. Political parties criticise him on the issues unrelated helped him become more popular among the masses.
HP Murali
Bengaluru
Get the right forces
This refers to the editorial “To tax and to please” (December 24). Despite a leap-frogging economy, the persistently subdued status of the revenue service has been one reason why we continue to have low tax compliance and collection. With an eye on optimising revenues, time we got entrants who possess the skill to grasp the complexities of the gearing that drive the economy, navigate through digital straits, acquire and constantly update their ability to glean information and intelligence.
R Narayanan
LETTERS TO THE EDITOR Send your letters by email to bleditor@thehindu.co.in or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.
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