Letters

Curb window-dressing

| Updated on: Apr 19, 2012

This is with reference to the report ‘RBI looking into window-dressing by banks' [ Business Line , April 19] . I doubt whether this will have any impact.

The Reserve Bank (RBI) warns banks against window dressing of deposits with a circular issued in the last week of March every year.

If any bank takes the warning seriously, it will come under attack from every stakeholder as it may result in a show of negative business growth in certain segments.

The best way to discourage banks is to make them disclose the credit/deposit position as on March 1 and March 16 along with short-term loans/deposits of Rs 1 crore and above sanctioned or taken in March.

The credit position in the first and second week should also be shown.

Rangarajan L

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Clean energy

Regarding the article ‘Coal output is key to energy security' [ Business Line , April 19] , it is imperative for India to explore other energy sources, such as hydel and wind. India has the capacity to produce close to 80 GW of hydel energy, but only 5-6 GW has been harnessed so far.

The scenario in wind energy is similar. Further, excess power is stored using pumped hydro electric storage, which is wasteful. Better processes like ultra-capacitors must be considered.

Bulky transformers used for power distribution are highly inefficient and must be replaced with upcoming technologies such as switched-mode power supply (SMPS). Moreover, compared to the global average of 10 per cent, transmission and theft losses are close to 35 per cent in India.

Srinivaas G.

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Published on March 09, 2018

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