L E T T E R S    T O    T H E    E D I T O R

Be war-ready to counter China

As the nation observes the 50th anniversary of the 1962 India-China war, one is reminded of the two blunders India committed in the last century. First, it allowed Pakistan to get away with a vast chunk of Indian land as PoK and second, it could not ascertain the evil designs of China well in time.

The PoK was annexed by Pakistanis with the covert help from the Britishers in 1947 so as to insulate the Pathans from India as well as to ensure a buffer between India and the erstwhile Soviet Union, a grandiose Oriental design. In those decisive days, Prime Minister Jawahar Lal Nehru acted like a timid schoolboy in front of Mountbatten’s diplomatic maneuvers. The result is India does not have a border with Afghanistan and thus no direct access to Central Asia.

Time has come when India should act like a mature and strong republic and call the Chinese bluff.  India should reconsider its position on Tibet and Taiwan. To meet the Chinese threat head on, our defence should be reinforced in Arunachal Pradesh (NEFA), Sikkim and Ladakh. Infrastructure such as better border roads in these areas and modernisation of weapon systems must be a national priority.

We should learn from history that only strong and well-armed nations can dictate their terms. The development of ICBM Agni -V should be augmented fast and its serial production be preponed. The IAF needs to be modernised and equipped with latest weaponry and planes. 


Monthly interest

Banks have been charging interest on loans and advances at monthly intervals (as against quarterly intervals earlier) since 2002. Due to reduction in the interest application frequency, the yield on bank loans has increased. However, banks pay interest on saving bank (SB) and term deposits at ‘quarterly or longer intervals’ resulting in depositors getting relatively less yield on their deposits.

At present, there is no standard on the interest application frequency. This has resulted in the annual percentage yield on the deposits being different for different banks. Depositors are not able to make an objective comparison of deposit rates as interest is credited at quarterly or longer intervals. 

Usha Thorat, Director, Centre for Advanced Financial Research and Learning, in a speech last year, said that the current asymmetry between the periodicity of interest paid to depositors on their savings account and the interest charged on their loan account needs to be reviewed by regulators to address the existing anomaly. As per RBI data, banks in India had deposits aggregating to about Rs 65-lakh crore as on September 28, 2012.

S C DHALL, Zirakpur

Son rise

Every human being, as defined by great political philosophers from time immemorial, is by nature an arrogant, quarrelsome, shaky creature who hardly absorbs prosperity of even close companions and in the political arena, envy over emergence of sons of political leaders is natural (editorial “Sons As Candidates”, October 16). But this aspect needs to be viewed realistically.

Political leaders (their notoriety though will always prevail) cannot misappropriate or mislead the public under the veil of public service so easily. 

Instead of raising accusing fingers on politicians, every citizen needs to evaluate his role because it is he who allowed his elected representative to behave at the seats of power the way he does.



If the intention of the Congress to give a clean governance to the nation is clean and clear, it will fare well in the general elections. There should be no corrupt practices and nepotism in the distribution of tickets. Honest and capable persons who have proven abilities must be chosen as the people’s candidates for the next general elections if the Congress really wants to come with a majority in the Lok Sabha.

R K KAPOOR, Chandigarh


The by-elections at Tehri in Uttarakhand and Jangipur in West Bengal is a curtain raiser for the Congress for general elections. While in Tehri, the Uttarakhand Chief Minister’s son lost the election, President Pranab Mukherjee’s son won by a very narrow margin in Bengal.

BJP nominee’s surprise win in the Tehri Lok Sabha by-poll by a margin of 22,000-odd votes against the Chief Minister Bahuguna’s son Saket, may be a result of a divided state Congress.

In Bengal, TMC needs to learn its lessons as in Jangipur, the BJP secured 10.5% vote as against 2.3% in the last election. Congress failure does not hint at BJP’s success in West Bengal.

Moreover, though CPI(M) candidate lost its vote percentage slightly but in true sense the Left is not finished, hence it will be difficult for TMC to capture 30 LS seats in the general elections.


Price of honesty

The transfer of Haryana IAS officer from the post of Director-General of Consolidation of Holdings-cum-Special Collector, Land Acquisition, within two days of his daring act of marking an inquiry into land deals has bewildered the common man. Such action against honest officers is not uncommon.

The common man who has been described as a ‘mango man’ quite contemptuously by those who are trying to get windfall gains from the pliability of a seemingly spineless bureaucracy, with due regard to a few honurable exceptions, is being taken for a ride.

But the powers that be are missing the writing on the wall — Once the pitcher of sins is full, God takes a human form to alleviate human suffering.

S C CHABBA, Panchkula



HOME PAGE | Punjab | Haryana | Jammu & Kashmir | Himachal Pradesh | Regional Briefs | Nation | Opinions |
| Business | Sports | World | Letters | Chandigarh | Ludhiana | Delhi |
| Calendar | Weather | Archive | Subscribe | Suggestion | E-mail |