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Willful defaulter tag
The willful defaulter tag to a guarantor by banks is dangerous. It will hit the trust core of business. Pushing the envelope on the loan guarantor and declaring him willful defaulter without banks being asked to first exhaust the remedies against the principal debtors is a knee-jerk reaction of the RBI and not the right way to tackle the NPA issue. We can understand banks taking recourse to guarantors after the lenders have exhausted the means of loan recovery from the principal debtors. But to straightaway rush to the guarantor will set a bad precedent, giving sleepless nights to the guarantors, rather than the borrowers. The banks are shifting their responsibility of risk analysis, management and due diligence solely to the guarantors. We might end up in a situation where the main borrower would even take the guarantor for a ride while he/she is able to get away with the mismanagement of funds. There is a basic flaw in the circular issued by the RBI to banks wherein it is stated that the guarantor would "also be treated as willful defaulter along with the principal borrower." But when you allow banks to proceed against the guarantor without exhausting the remedies against the main debtor, it will be guarantor who will first be declared willful defaulter. SC DHALL, Zirakpur
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Learn from disaster Floods in the Kashmir valley have claimed the lives of hundreds of people and caused misery to lakhs. The regions of Jammu and Kashmir in India and Azad Kashmir, Gilgit-Baltistan and Punjab in Pakistan have been affected by the floods. Some cities and villages have been completely submerged. The Indian Army has the task to provide relief. The Prime Minister has offered financial assistance to the state. It is the duty of everyone to come forward to reduce the misery of the flood-hit, but no one is analyzing why these disasters occur? Why do we forget that disasters are the result of our deeds against nature and mankind. When will we mend our ways and learn lesson from these disasters? RM MITTAL, Mohali Grow more trees Many people have lost their lives because of the ongoing unseasonal rains. The rains have also destroyed crops like paddy, sugarcane, vegetables in different parts of the country. Only we people are responsible for the changes in natural conditions that have led to calamities. Man wants to spend a luxurious life but he does not think about nature. Gases like chloroflouro carbon produced from refrigerators and airconditioners and smoke emitted by vehicles imbalance the nature due to which such natural calamities occur. We should use vehicles and other luxuries to lesser extents and grow more trees to save nature. Meenakshi, Bassi Pathana Real heroes Wherever any disaster takes place, the armed forces and Commandoes reach there immediately. Whether it was the Kargil war, Gujarat earthquake, Ladakh cloudburst, Uttarakhand landslide, Mumbai attack and now Jammu-Srinagar floods, I salute their selfless love and dedication to work. It is shameful that the government does not have the time to have a look at the heroes who became either disabled or lost their life in such calamities and how they and their families are suffering due to lack of financial assistance. NEENA CHAWLA (NSPS) Affording an MBBS The editorial "Affording an MBBS" (September 11) rightly points out that high costs and limited seats plague medical education in Punjab. The punch line "lack of investment by the government in medical education" sums it all. The government should increase the investment in medical education and give aid to private groups to open more colleges. It will definitely make medical education affordable. Increasing commercialisation and corporatisation of medical education under the hypnotising influence of a profit-oriented market economy is the major cause of the ethical crises confronting the medical profession. The government is escaping its responsibility even as health and education are increasingly becoming a commodity and purchasable items. Dr Vitull K. Gupta, Bathinda Medical educ ationOn the one side there is a shortage of doctors in the hospitals and on the other side is the high cost and limited number of seats in medical education. Very brilliant students are absorbed at the first stroke, what about the remaining students? Private colleges want to collect huge funds of Rs 35 to 50 lakh per seat. And the students who go for such highly paid seats, they decide to cover these funds at the cost of patients. The Tribune has very well said that both education and health are fundamental duties of the government in "Affording an MBBS" (September 11). Who is there to check this exploitation in these needed courses? Here leaders have the job only to put irrelevant and personal remarks on one another, leaving one party and joining the other in election days. No worry where the country goes, but :kursi" may not go. KK CHAWLA, Kurukshetra Generic medicine The demand by former union minister Shanta Kumar to enact a law advising doctors to prescribe only generic medicine shows his concern for the health of the poor. The move must be supported and NGOs working for poor should join hands to persuade the government to enact such a law. It is surprising that the leaders, who have been shouting for the welfare of poor, have permitted export of cheaper generic versions of medicines produced in India while letting MNCs sell branded medicines at exorbitant rates to unsuspecting poor Indians. Will the State rise to protect the rights of its poor from this blatant loot? ASHOK K. ASHU, Patiala Religious person A religious person is a good human being. He is one who respects all creations of God. We should be grateful to the people we are surrounded by or the family we are born in and be proud of our religion. But it doesn’t mean that we be limited by man-made rules. We are all allowed to do what our heart desires. No religion denies simple pleasures. Tarannum Caur, Mohali
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