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

Can’t bank on it

Reference to “Loan flaws break banks” by Sanjeev Sharma (Sunday Tribune, August 24), it is surprising that banks are losing crores of rupees in loans sanctioned to big corporates as NPAs. India had in its government economists like Dr Manmohan Singh and P Chidambaram but they failed to work out a system to reduce NPAs. If an ordinary citizen wants a small loan, he has to make several rounds of the bank and arrange a surety. Why are these guidelines not followed for corporate houses? The government must devise ways for the recovery of bad loans.

PN Gupta, Sangrur

II

The article exposes the modus operandi of bank officials who siphon off huge sums of money to private coffers. The nexus among bank employees, businessmen and politicians is causing a considerable loss to the exchequer, perhaps greater than even black money, 2G and CWG scams. Foolproof methods have to be created to recover such loans and proceed against the defaulters to attach their properties. The Finance Minister and RBI Governor should initiate stringent steps to prevent laundering of funds.

SC Vaid, Greater Noida

Stay firm

Apropos Raj Chengappa’s article “Both India, Pak overplayed their hand” (Ground Zero; Sunday Tribune, August 24), Sharif’s mammoth mandate had the Pakistan army and ISI foreseeing their ebbing control over a strong civil government. It seems there is tacit understanding between the army and rabble-rousers like Imran Khan so the government does not establish civilian supremacy. His bogey of rigged elections is an excuse to destabilise the government. It is the usual trick of their army to resort to unprovoked firing on the LoC to thwart peace talks with India. Sharif must assert his authority on these ‘rogue’ institutions and also troublemakers like Khan.

LJ Singh, email

II

It was unfortunate to call off talks with Pakistan but it was the right decision in the present scenario. The Pakistan government is sandwiched between the army and opposition parties. The decisions made during the talks would not have resulted in any fruitful start. However, talks are the only way forward to save the nations from the devastating affects of war and to improve trade. The diplomatic channels must continue to explore ways to improve the ties.

Wg Cdr Jasbir Singh Minhas (retd), Mohali

Valueless society

With growing economic and individual freedom, our society has discarded moral values for vain desires (“The moral fibre is not holding all that strong”; Sunday Tribune, August 24). This has demeaned the mantra of sustainable and holistic livelihood for quality life. The establishment must take corrective action to stem the rot, particularly in politics and bureaucracy. We should teach our youth religious values for integrated personality development.

DS Kang, Hoshiarpur

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