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STF na Mídia - MyClipp

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Letters<br />

This refers to the editorial "Teaching India" ( Business<br />

Line, April 16). My comments are as follows: The<br />

Government's primary duty of providing educatio<strong>na</strong>l<br />

facilities to the poor cannot be simply transferred to<br />

private schools, taking advantage of the Supreme<br />

Court verdict. The Right to Education Act shouldn't be<br />

misused by politicians who have already mastered the<br />

art of grabbing land for educatio<strong>na</strong>l institutions.The<br />

problem of huge number of poor students cannot be<br />

ignored, but to expect the rich to come to the rescue of<br />

the poor is expecting too much. The solution lies in<br />

having a dialogue with private schools to guarantee<br />

proper implementation of the SC verdict. Without social<br />

reforms, (which include education for the<br />

under­-privileged), mere political freedom won't be<br />

sufficient to make progress as a society.Public sector<br />

banks have reported a deposit growth of Rs 2­-lakh<br />

crore, and a loan growth of Rs 93,000 crore in the last<br />

week of March, 2012. The impressive total business<br />

(deposits plus advances) growth of Rs 2.93 lakh can<br />

be attributed to "window­-dressing". Bankers have been<br />

resorting to dressing up their books in the last week of<br />

every fiscal. There are customers willing to help their<br />

bankers in building up total business growth (deposits<br />

plus advances).The Reserve Bank of India is also<br />

aware of this aspect. These deposits/loans vanish after<br />

the first/second week of April. There is a small cost<br />

(difference between lending rate and deposit rate)<br />

involved to these customers, but this is made good by<br />

offering concessions in services rendered during the<br />

year.Most of the public sector banks are listed entities,<br />

and so shareholder activism can check this<br />

phenomenon.<br />

K. V. RaoBangalore<br />

Business Line/ ­- Markets, Ter, 17 de Abril de 2012<br />

CLIPPING INTERNACIONAL (Supreme Court)<br />

185

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