The Hindu : Karnataka News : Interest rates

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Monday, Jan 05, 2009
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Karnataka

Karnataka

Interest rates - Reader's Mail

Sir, — The taxable bonds of RBI earn 8 per cent interest with lock in period of six years. The tax-exempted rural bonds of NABARD fetch 8.5 per cent interest to senior citizens. The National Savings Certificate earns 8 per cent interest with a lock in period of six years and are exempted from tax. The senior citizens scheme of 9 per cent interest and quarterly payment choice should also be exempt from tax as a goodwill gesture. I request the authorities of RBI Reserve Bank of India and the Finance Ministry to examine these schemes and sort out the discrepancies in interest rates by applying a uniform yardstick. All these schemes may also be fully exempted from tax.

G. Shiva Subramanian,

Bangalore

Erratic power cuts

Sir, — The erratic power cuts, some of them lasting hours, in Bangalore are causing inconvenience to consumers. The authorities appear to be unmindful of the hardship faced by the people. Although the poor power situation of the State is understandable, it will be better if load shedding of shorter duration is resorted to. In Kerala the authorities have adopted load shedding with prior intimation to people. I request the authorities in Karnataka to think of a similar method.

N. Raju,

Bangalore

Pasha’s flight

Sir, — It is quite possible that Mukarram Pasha jumped over the compound wall of Flag Staff House and got into a waiting car after receiving a bullet in his abdomen. There is an authentically documented case to show that a person walking on the road suffered a head injury caused by a ‘pass–through bullet’, walked quite a distance, climbed up the stairs, opened the door, went inside his flat and collapsed after seeing his blood stained face in the mirror. In the adrenaline response of “fight or flight”, the shock element of pain is greatly suppressed. The usual “shock” effect may come down considerably in an assault, and only the sheer physical and “haemodynamic sequelae” of the injury will eventually lead to a slowing down, then collapse and death. In the interval, injured victims may be able to perform normal physical activity, sometimes to an astonishing degree.

P. Chandra Sekharan,

Bangalore

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