R VASUDEVAN (044- 42148569)

Item (1) PSU Banks   Please refer my Email dt.8th July 2009.   The following facts confirm the validity  of my suggestion.   a)                 Last year ALL INDIA BANK ENPLOYEES and OFFICERS threatened to disclose list of Big Bank loan defaulters.   Eventually these Associations dropped this threat for reasons best known to them.   According to an official report the PSU BANKS made huge profits. But the total NPAS have gone up by 11 thousand crors.   Total MPA may be about a few lackh crores.   b)                Higher rate of tax on high income groups.   No less a person than Mr. Narayanamoorthy, chief Mentor INFOSYS has also suggested this on the eve of the budget.   c)                 Excise duty concession on luxury cars – Roll  Back   It is necessary to raise excise duty on costly cars and bikes, sold and use on the Roads in  India.   This has been emphasized by the Mr. CHHAVI DHING, Associate fellow on transport and URBON Development – The energy and Resources Institute New Delhi. (Courtesy  Times of India Dt 15th 2009)   The percentage of use of public transport is less than New Delhi & Mumbai.     Personal Profile: Name                                       :         R. VASUDEVAN Age                                          :         75 yrs Educational Qualification           :         MA (Economics), B.L.                                                           Regular reader B.L. particularly SUNDAY issue Very much interested in helping poor.