NSC vs deposits
This is with reference to the timely article on the above subject in Business Line of March 22, which make it clear that NSC is, no doubt, preferred over the five-year banks’ tax-saving deposit by the middle-class and upper-middle-class tax-payers in view of its liquidity as well as tax benefit on the interest accrued portion every year.
It is a sorry state of affairs that banks, considered the backbone of the economy and whose deposits are used for the welfare of the downtrodden and upliftment of various sectors through concessionary lending, and neglected by the government in terms of making their tax-saving deposits at par with National Savings Certificates, particularly from the tax benefits angle.
The lock-in period of the tax saving deposits should be reduced from the existing five years to three years and depositors should be able to raise loans against deposits, as available for NSCs. The interest earned on the deposits should also be considered as further investment and the same may be extended under Section 80C. This will be more attractive to the large number of depositors who will deploy their funds for tax savings.
The Indian Banks Association and the people at the helm of affairs in the banks should take up the matter with the appropriate authorities to make the necessary changes, as suggested above, in the ensuing Finance Bill.
G. R. Nagarajan Madurai
Saturday, February 27, 2010
Thursday, February 25, 2010
Friends..... .. They love you, but they are not your lover They care for you, but they are not from your family They are ready to share your pain, but they are not in your blood relation. They are FRIENDS! !!!! True friend...... . Scolds like a DAD.. Cares like a MOM.. Teases like a SISTER.. Irritates like a BROTHER.. And finally loves U more than a LOVER. Send 2 all ur good friends
Dear All,With deep pains (and tears in my eyes), i am sorry to inform You that yesterday morning, one of my dear friend's elder son (Mr. Aditya Suresh Joshi, name changed), age 19, studying in 1st year of engineering, died in Keshvani Hospital, Mumbai. He was admitted in Keshavani Hospital as burned patient.Reason4 days back this boy had gone to Amravati (One of the district place located in State of Maharashtra) on study tour. After their study was over, he, his classmates & his teachers, all of them were standing on "Badnera" railway station to catch the train. "Badnera" is the name of the railway station for "Amravati" city.As soon as they arrived on Badnera Railway station, many of them started taking pictures of their friends using "Mobile Phones" and/or "Digital Camera". One of them complained that, in his camera, he was not able to capture more number of friends in one frame. He was not able to catch the angle. Another boy suggested that let's climb on train boogie and take picture so that all of them can be accommodated in single frame. At that there was one goods wagon (all of them were oil tankers) train resting between 2 main railway lines. Kumar Aditya climbed up oil boogie. Above his head, 40,000 volts electrical line was passing through. As soon as he clicked the digital camera? 40,000 volt current passed through the camera flash light to his camera and then from his camera to his fingers and then from his fingers to his body. All this happened within fraction of minutes. Next moment he was thrown from the top. His body was half burned on the spot.At that time, his father (my friend) was traveling in Bangkok. His many friends in Pune came to know about this via mobile SMS. They instantly arranged air ambulance in Amravati and his burned body was brought to Keshavani Hospital, Mumbai. i was told that this is the best hospital in Mumbai. For 1 and 1/2 day or so he was talking to his relatives. When he was admitted to the hospital, at that time only, doctor informed his relatives that don't keep great hopes. Because of lot of complex issues in half burned body? He died yesterday morning.
Now how many of us are aware about this technological threats & dangers? Honestly, Kumar Aditya and his father was not aware. His family was not aware. Our entire friend circle of more than 12,000, we were not aware. Now should we call ourselves as fully educated and fully knowledgeable people? Think of it. Please avoid mobile phones on petrol outlets. Please avoid talking on mobile phones while driving. i also know many of my friends who do not bother about this good suggestion and each one of them have opted for "Chalta Hai Yaar Attitude". Please avoid talking on mobile phones while they are in charging mode. Avoid charging mobile phones near Your bed and/or near wooden furniture. Avoid mobile phones near high voltage electrical lines like railway stations and use flash lights. My friend, his family members and we all friends learned our lesson with loss of young life. Now Would You like to empower Your friends about this accident so as to avoid future accidents? We can save human life by empowering all the IT users who are in Your network? i have done "My Karma {with deep pains & tears in my eyes}" by empowering You about this horrible experience
Now how many of us are aware about this technological threats & dangers? Honestly, Kumar Aditya and his father was not aware. His family was not aware. Our entire friend circle of more than 12,000, we were not aware. Now should we call ourselves as fully educated and fully knowledgeable people? Think of it. Please avoid mobile phones on petrol outlets. Please avoid talking on mobile phones while driving. i also know many of my friends who do not bother about this good suggestion and each one of them have opted for "Chalta Hai Yaar Attitude". Please avoid talking on mobile phones while they are in charging mode. Avoid charging mobile phones near Your bed and/or near wooden furniture. Avoid mobile phones near high voltage electrical lines like railway stations and use flash lights. My friend, his family members and we all friends learned our lesson with loss of young life. Now Would You like to empower Your friends about this accident so as to avoid future accidents? We can save human life by empowering all the IT users who are in Your network? i have done "My Karma {with deep pains & tears in my eyes}" by empowering You about this horrible experience
Wednesday, February 24, 2010
Even in countries India is looking to for cooperation nuclear projects are marred by delays. In a recent ranking of nuclear utilities in the US, ranking service Moody’s ranked the proposed nuclear reactors poorly in terms of viability due to cost overruns.The second bottleneck is technology. Fast breeder reactors necessary for the second stage of India’s nuclear programme are fraught with financial and health risks. Plutonium used in them is 30,000 times more radioactive than uranium-235 used in heavy water reactors. Fast reactors generate a lot of heat in very small volume and use molten metals, like liquid sodium, to remove the heat. Since sodium burns on contact with air or water, a leak can be dangerous. These reactors are also costly to build and maintain, though they partially solve the problem of disposing of plutonium-rich spent fuel.Worldwide, fast breeder reactors have been abandoned. The Superphénix reactor in France was shut down in 1997 after a sodium leak and a roof cave-in. Russia began constructing one in 1987 but did not finish it. Japan shut down its Monju reactor after a fire caused by a sodium leak. The US and Germany pursued large breeder programmes for several decades before abandoning them. Amusing? Consider this: Germany sold its US $5 billion worth fast breeder reactor to a Dutch entrepreneur who converted it into an amusement park.
Tuesday, February 23, 2010
LEGAL AWARENESS
To
Chief Information Commissioner
Central Information Commission
Block 4, Old JNU Complex
New Delhi, 110 067
From
A.Saroja
No 4, Rajiv Gandhi Nagar
Pettai SO
Tirunelveli, 627 002
Sir,
I hereby submit my appeal against the order of appellate authority cum Director Postal Services of Southern Region,Madurai ,625002 Tamilnadu.
In the outset I wish to submit the facts of my case for that, we are in the need of clarifications for claiming the amount due on savings account stands in the name of my husband B.Aruncachalm. My husband deceased on 23/05/2009 at my native leaving one savings bank account in his name at Pettai post office in Tirunelveli Town with the balance of Rs 43400/25 p (Forty Three Thousand & Four Hundred /25 p Only).
After the death, I preferred a claim for the dues as a wife of the deceased with the documents prescribed in the postal rulings to he postmaster of Pettai post office. However, the postmaster misquoted and misinterpreted the postal rulings and demanded the legal heir ship certificate for forwarding the claim to sanctioning authority.
After some intense arguments, I convince the postmaster in tune with postal rulings that there is no requirement for legal heir certificate if the claim not exceeds one lakh.The claim can be settled under oath on solemn affirmation before any authorities mentioned in the claim form.
To my surprise the claim papers has been returned to my residential address in the name of deceased for want of legal heir ship certificate. After receiving the documents, I lodged a web complaint in the DOP web site for getting the clarification in production of legal heir certificate for claim settlement. (Copy Enclosed).Once again they put a conventional reply and closed the complaint in midway.
Then I moved to the PIO cum Senior Supdt of Post offices,Tirunelveli Divn, 627002 under the RTI Act 2005 for reaching the finality in this matter.(Copy Enclosed).But in reply they never disputed the rulings of claim settlement on the basis of oath on solemn affirmation.
However, in convention (not in postal rulings) all claims without nomination if it is below one lakh we demanding the legal heir certificate for settlement. Such reply given by the CPIO is fully evasive and defensive in nature to safe guard their stand that is very much infringement with the claim rulings of DOP.
Aggrieved by this reply I preferred appeal against the orders to the Director Postal Services of Southern Region,Madurai ,625002 Tamilnadu. The reply given by the appellate authority is enclosed here with for your ready reference. The reply given in appeal by the appellate authority is fully defensive in nature to safe guard the ignorance of the postal officials and insisting the claimant to go beyond the postal rulings for settling their claim
In reply, for question number (a) by the CPIO it clearly confirmed that there is no necessity or mandatory to produce legal heir ship certificate for settling the claim. However, postal authorities demanding it to avoid counter claim & for identification purpose. Insisting the documents not mentioned in the postal savings bank rulings & DG post circulars are highly irregular and irrational.
Nevertheless, appellate authority not take the decision on tune with postal rulings and reasoning given in appeal is highly evasive & chaotic. As per the DG, Post’s circular the following documents alone required for settling the claim with out nomination it is not exceeding one lakh.
1) Claim form (SB-84) 2) Pass book or receipt of passbook
3) Proof of death of depositor 4) Consent or dissent statements of near relatives left behind by the depositor.
Besides there is a penal provision in the claim form it self to punish the offenders if any under Indian Penal Code for giving false declaration before any postal officers or authorities mentioned for taking oath or impersonation or concealment of vital information or criminal breach of trust.
The question of submission of legal heir ship certificate does not arise in any juncture as per the current claim rulings. But compelling such document by the postal authorities due to ignorance of claim rulings has been wrap up by the both PIO & appellate authorities.
Then in appeal DPS,Madurai gave a clean chit to the local postmaster and claim sanctioning authorities to settle the claim with their highest degree of satisfaction leads to the sky edge. For that, they can demand any documents like legal heir or succession certificate even though that is not in postal rulings.
Giving such unfettered right to the sanctioning authorities beyond the postal rulings and DG’s post circular is surely irrational but making them greater than the authority of DG post. Such bleak reply will leads to lot of mischievous interpretation in the all post offices and fix a customer in a complicated situation.
Then the sanctioning authorities must satisfy themselves with in the postal rulings not beyond that. Enlarge their way by way of such unregulated reply that is not in the purview of postal rulings may be corrected at least this time will guard the interest of customers.
Then the DPS defended the return of claim paper by the Sub Post master (SPM), Pettai, 627002 and mentioning him as sanctioning authority in appeal incorrectly & deliberately. Until toady SPM is, only a forwarding authority in connection with claim in case of there is no nomination. The competent authority is Postmaster, Tirunelveli in this case,
In reply citing the succession certificate and talk about so much of statutes in my case is unreasonable & confusing the matter further because postal authorities distinctively mentioned about the requirement of succession certificate if the claims exceeds one lakhs, which is having no nomination. (Ruling enclosed).More over SPM is not administering oath in this case.
The claimant at his liberty present before any postmaster in our country for giving oath.Claim-sanctioning authority can verify the authenticity through their channel. So SPM,Pettai is no need to bother about he legitimacy of my claim owing to the claim form has been attested by the Sub Postmaster of Admn Office So (BHEL),Tiruchirappalli,620014.(Ruling enclosed)
With reference to web complaint I am once again cocksure about the reply given by the concerned is incorrect and closed in the middle. They put a reply in web only for my first query inaccurately and before my further query, they closed the complaint abruptly. (Print out enclosed)
They put irrelevant reply in the subject matter in net. In addition, for further clarifications in connection with request the order or rulings for mandatory production of legal heir ship certificate put forth by me not answered. However, in appeal DPS Madurai has been affirmed with unfairness the net reply in full pledged one. It can be compared with the postal rulings whether it is complete one.
Therefore, I request your good self that the case may decide in favor with the present claim rulings enshrined in postal rulings and with Director General (Posts), orders and the authority concerned may kindly be instructed to settle the claim in present form at once.
I am ready to supply any further information if necessary.
Thanking you
Yours faithfully
Date: 20 /01/2010
Station: Tirunelveli -2
Documents Attached:
1) Copy of Web Comp
2) First RTI application addressed to Sr SPOs,Tirunelveli
3) Reply given by PIO,Tirunelveli-2
4) Copy of Appeal by myself
5) Decision by appellate authority
6) DG”s post circular No/61-6/84 –SB dated 27/04/1984
7) DG”s post circular 14-16/71 dated 27/12/1971
8) DG”s post circular 14-25 /75 –SS dated 14/11/1975
9) Oath Rlgs from POSB part 3 by A.N.Dureja Page No 158 &159
10) Copy Acknowledgement by the postmaster
Chief Information Commissioner
Central Information Commission
Block 4, Old JNU Complex
New Delhi, 110 067
From
A.Saroja
No 4, Rajiv Gandhi Nagar
Pettai SO
Tirunelveli, 627 002
Sir,
I hereby submit my appeal against the order of appellate authority cum Director Postal Services of Southern Region,Madurai ,625002 Tamilnadu.
In the outset I wish to submit the facts of my case for that, we are in the need of clarifications for claiming the amount due on savings account stands in the name of my husband B.Aruncachalm. My husband deceased on 23/05/2009 at my native leaving one savings bank account in his name at Pettai post office in Tirunelveli Town with the balance of Rs 43400/25 p (Forty Three Thousand & Four Hundred /25 p Only).
After the death, I preferred a claim for the dues as a wife of the deceased with the documents prescribed in the postal rulings to he postmaster of Pettai post office. However, the postmaster misquoted and misinterpreted the postal rulings and demanded the legal heir ship certificate for forwarding the claim to sanctioning authority.
After some intense arguments, I convince the postmaster in tune with postal rulings that there is no requirement for legal heir certificate if the claim not exceeds one lakh.The claim can be settled under oath on solemn affirmation before any authorities mentioned in the claim form.
To my surprise the claim papers has been returned to my residential address in the name of deceased for want of legal heir ship certificate. After receiving the documents, I lodged a web complaint in the DOP web site for getting the clarification in production of legal heir certificate for claim settlement. (Copy Enclosed).Once again they put a conventional reply and closed the complaint in midway.
Then I moved to the PIO cum Senior Supdt of Post offices,Tirunelveli Divn, 627002 under the RTI Act 2005 for reaching the finality in this matter.(Copy Enclosed).But in reply they never disputed the rulings of claim settlement on the basis of oath on solemn affirmation.
However, in convention (not in postal rulings) all claims without nomination if it is below one lakh we demanding the legal heir certificate for settlement. Such reply given by the CPIO is fully evasive and defensive in nature to safe guard their stand that is very much infringement with the claim rulings of DOP.
Aggrieved by this reply I preferred appeal against the orders to the Director Postal Services of Southern Region,Madurai ,625002 Tamilnadu. The reply given by the appellate authority is enclosed here with for your ready reference. The reply given in appeal by the appellate authority is fully defensive in nature to safe guard the ignorance of the postal officials and insisting the claimant to go beyond the postal rulings for settling their claim
In reply, for question number (a) by the CPIO it clearly confirmed that there is no necessity or mandatory to produce legal heir ship certificate for settling the claim. However, postal authorities demanding it to avoid counter claim & for identification purpose. Insisting the documents not mentioned in the postal savings bank rulings & DG post circulars are highly irregular and irrational.
Nevertheless, appellate authority not take the decision on tune with postal rulings and reasoning given in appeal is highly evasive & chaotic. As per the DG, Post’s circular the following documents alone required for settling the claim with out nomination it is not exceeding one lakh.
1) Claim form (SB-84) 2) Pass book or receipt of passbook
3) Proof of death of depositor 4) Consent or dissent statements of near relatives left behind by the depositor.
Besides there is a penal provision in the claim form it self to punish the offenders if any under Indian Penal Code for giving false declaration before any postal officers or authorities mentioned for taking oath or impersonation or concealment of vital information or criminal breach of trust.
The question of submission of legal heir ship certificate does not arise in any juncture as per the current claim rulings. But compelling such document by the postal authorities due to ignorance of claim rulings has been wrap up by the both PIO & appellate authorities.
Then in appeal DPS,Madurai gave a clean chit to the local postmaster and claim sanctioning authorities to settle the claim with their highest degree of satisfaction leads to the sky edge. For that, they can demand any documents like legal heir or succession certificate even though that is not in postal rulings.
Giving such unfettered right to the sanctioning authorities beyond the postal rulings and DG’s post circular is surely irrational but making them greater than the authority of DG post. Such bleak reply will leads to lot of mischievous interpretation in the all post offices and fix a customer in a complicated situation.
Then the sanctioning authorities must satisfy themselves with in the postal rulings not beyond that. Enlarge their way by way of such unregulated reply that is not in the purview of postal rulings may be corrected at least this time will guard the interest of customers.
Then the DPS defended the return of claim paper by the Sub Post master (SPM), Pettai, 627002 and mentioning him as sanctioning authority in appeal incorrectly & deliberately. Until toady SPM is, only a forwarding authority in connection with claim in case of there is no nomination. The competent authority is Postmaster, Tirunelveli in this case,
In reply citing the succession certificate and talk about so much of statutes in my case is unreasonable & confusing the matter further because postal authorities distinctively mentioned about the requirement of succession certificate if the claims exceeds one lakhs, which is having no nomination. (Ruling enclosed).More over SPM is not administering oath in this case.
The claimant at his liberty present before any postmaster in our country for giving oath.Claim-sanctioning authority can verify the authenticity through their channel. So SPM,Pettai is no need to bother about he legitimacy of my claim owing to the claim form has been attested by the Sub Postmaster of Admn Office So (BHEL),Tiruchirappalli,620014.(Ruling enclosed)
With reference to web complaint I am once again cocksure about the reply given by the concerned is incorrect and closed in the middle. They put a reply in web only for my first query inaccurately and before my further query, they closed the complaint abruptly. (Print out enclosed)
They put irrelevant reply in the subject matter in net. In addition, for further clarifications in connection with request the order or rulings for mandatory production of legal heir ship certificate put forth by me not answered. However, in appeal DPS Madurai has been affirmed with unfairness the net reply in full pledged one. It can be compared with the postal rulings whether it is complete one.
Therefore, I request your good self that the case may decide in favor with the present claim rulings enshrined in postal rulings and with Director General (Posts), orders and the authority concerned may kindly be instructed to settle the claim in present form at once.
I am ready to supply any further information if necessary.
Thanking you
Yours faithfully
Date: 20 /01/2010
Station: Tirunelveli -2
Documents Attached:
1) Copy of Web Comp
2) First RTI application addressed to Sr SPOs,Tirunelveli
3) Reply given by PIO,Tirunelveli-2
4) Copy of Appeal by myself
5) Decision by appellate authority
6) DG”s post circular No/61-6/84 –SB dated 27/04/1984
7) DG”s post circular 14-16/71 dated 27/12/1971
8) DG”s post circular 14-25 /75 –SS dated 14/11/1975
9) Oath Rlgs from POSB part 3 by A.N.Dureja Page No 158 &159
10) Copy Acknowledgement by the postmaster
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