MY VIEWS IN TIMES OF INDIA ON ATM & ON INDUSTRIAL PRODUCTION

Comments of MILAN K SINHA (PATNA) in  
The Times Of India dt.13.11.12

Dear Reader,
Your comment on the article ''ATMs cross 1-lakh mark; SBI controls 59%'' is now displayed on timesofindia.com.

''With Govt.'s promise to put in place with greater pace the much talked about financial inclusion in coming months and with Aadhaar going to be the basis for doling out subsidy through Bank Accounts to the targeted population in the country, the banking service delivery routes must be strengthened by opening more branches and also by putting more ATMs, both online & off line in rural areas. Needless to re-emphasise that the functioning of ATMs are to be monitored closely by the Banks to justify the promise of anytime (24x7) banking as there has been gradual increase in non- functional ATMs, issues related to failed transactions, ATM frauds etc. These are some of the major problems being faced by the customers on a day to day basis which must be addressed fast on an on going manner. RBI on its part, must look into the fact that despite its clean note policy, how even ATMs are dispensing unclean notes as a matter of routine.''

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Comments of MILAN K SINHA (PATNA) in  
The Times Of India dt.12.11.12

Dear Reader,
Your comment on the article ''Diwali dampener: Industrial production, exports shrink, inflation rises'' is now displayed on timesofindia.com.

''This Diwali is the worst festival time in past few years. It seems things are going out of control and government of the day is not capable of effecting any major course correction. Even at this stage,there is reportedly a lack of coordination among the different ministries at the centre and also in many states. If PM finds time to review this alarming situation with his ministers atleast once in a week and with Chief ministers of different states once in three months to find some solution, I believe it will not only have definite impact on major issues but also send a right message down the line for all officials to follow this accordingly. We know, there is still lots of red tap at different levels despite the socalled liberalisation which is hampering the economic and social development, but who is responsible for this red tap? Of course, the Govt. and its perennial lack-lustre & half-hearted way to make things happen. Many a times, even after many rounds of customary meetings, discussions, deliberations and final documentation, it is not implemented within the prescribed period which obviously result in time escalation as well as high cost escalation. If we analyse deeply the ratio of decision taken and decisions implemented as per the terms of the said decision, it would be crystal clear how the system has been paralysed for any and many reasons. Some experts may opine that the political and administrative authority has lost its sanctity & impact to such an alarming extent that nothing can move in time and as per the laid down norms. But, then why the age old reward & punishment system is not implemented strictly, objectively and transparently? Yes, the system can start responding quickly only if the political power actually has the right will & intent to perform to make the country really performing and prosperous.''

WISHING YOU & YOUR FAMILY  A  HAPPY DIWALI.

                                                      Will meet you again with Open Mind. All the Best.