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Politics destroys a city’s potential

There has been tremendous development in Hyderabad during the last one decade, but the recent Telangana protests have caused a huge loss to the city. It had become a hub for IT companies, and youngsters from across the country were heading towards the city in search of jobs. They were sure about getting jobs here as companies had promised that they would invest in the city and create jobs.

However, the recent political drama has forced the companies not to fulfil their promises. Violence has sent a wrong signal to foreign companies also. Now youngsters passing out with professional degrees and have no jobs in their hands have to suffer. The government is not at all serious about solving the issue. It is not bothered about the plight of the common man.


Investor guidance

This has reference to the answer to the query from Mr Bhupendra in 'Invester Guidance' by Mr A. N. Shanbhag (Nov 6).

Under the heading, “No tax on capital gains from inherited shares”, based on the answer to the query regarding the tax status of inherited shares sold, the author has suggested that tax is not levied on the sale of only inherited shares, which forms a long-term capital asset for the assessee in accordance with the income tax rules. I would like to clarify here for the benefit of readers that the long-term capital gain on the sale of shares is always exempted from tax if STT (security transaction tax) stands paid, which, in most cases, is automatically deducted by the broker through whom the shares are sold. Therefore, to say that tax is exempted on inherited shares alone gives a false impression that shares which are not inherited can attract tax liability. Section 10 (38) of the Income Tax Act clearly suggests that the long- term capital gain on the sale of shares is fully exempt if the STT has been paid.


Rising suicides

The editorial “Fatal choice” (Nov 7) sensitises people of the real danger of rising suicides among youngsters. This definitely demands solutions. As a health and human rights activist, I strongly feel that the dangerous rise in suicide cases is still not on the political agenda, as is the suicide among farmers.

No doubt, suicides are an outcome of depression, which has both genetic and biological facttors, but in the majority of the cases environmental factors act as triggers leading to great tragedies. Researchers in Vellore studied 20,000 children in the age group of 10-19 which showed an average suicide rate of 148 per 10,000. The comparable figure in the UK is only 2.1 per 10,000.

I strongly believe that it is symptomatic of a deeper societal malice. Every young life lost raises many questions, and leaves behind a confused grieving family which fails to understand why their loved one took such a desperate step. Unfortunately, there are no quick fix solutions to the problem, but it definitely requires the nation’s attention to ensure complete overhaul of the education, examination and admission system along with a more important factor, as suggested, that children are fragile beings with brittle egos and have to be treated with love and respect. At a time when society has failed to instil moral, cultural and religious values, and there is no national initiative to handle the crisis, I strongly feel that the media can give a wake-up call and build a strong public opinion to save our younger generation.

Dr. VITULL K. GUPTA, Bhatinda


Fighting cyber crimes

This refers to the editorial “Cyber stalking on rise” (The Tribune, Nov 8). The editorial rightly states that today the widespread use of the Internet and the explosion of electronic commerce call for both legal and regulatory frameworks to govern such activities. With the Information Technology Bill becoming an Act, many of these issues have been taken care of. But with cyber crime increasingly hitting individuals, the perpetrators seem to be one step ahead of lawmakers, who are still busy studying the issues related to the problem. Organised criminals are using cyber space to target credit card information and personal and financial details for computer fraud. But, as of today, Indian courts are struggling to determine the jurisdiction with a few amendments to the existing cyber laws. It is rightly said that the Information Technology Act, the Indian Penal Code and the Indian Evidence Act need to be amended suitably in accordance with more established cyber laws in other countries. Rather there is dire need to have a women police wing in the cyber crime cells.

All these acts need to be updated and implemented, keeping in view the laws in other countries. Lawmakers need to promote the use of advanced technology to help, prevent and fight the rise in cyber crime.

Harpreet Sandhu, former Additional Advocate-General (Punjab), Ludhiana




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