On negative publicity .

The Supreme Court staying all criminal actions against Malayalam actress Priya Prakash Varrier, who shot to fame following her 'wink song' from the film "Oru Addar Love", is welcome. The controversy surfaced in this direction should subside soon. However. it is everyone's wish to know the veracity of the complants originated from Andhra Pradesh and Maharashtra.

Present day is the day of negative publicity and a publicity of the sort would be profitable to both the song and the film. In all possibility it is  director Omar Lulu's aquaintances may be behind the issue as complaints have been originated from states where people do not know Malayalam.

It is, therefore, good if the Apex court so decides to enquire about the whereabouts of the complainants and their relation with Omar Lulu before  disposing the case finally. No third rate film producer should be permitted to create unnecessary  turbulance in society with nasty products

K A Solaman

PNB fraud.

No one noticing the fraud until the loss targets to 1.8 billion dollar equivalent to Rs 11500 crore from a branch of Punjab National Bank in Mumbai, is surprising. The incident shows our banking system is so fragile that anyone could siphon away bank's money very easily and cunningly.

Because of huge non-performig assets  Indian banking system is already in trouble. Those ordinary investors who put their money in Indian bank stocks are now sitting with crossed fingers for the folly they committed. With this latest fraud bank stocks have nose-dived  and investors lost several thousand crores. Though the matter is now under the enquiry of  law enforcement agencies the investors are doubtful of getting back  the money.

If this is the fraud in a single bank branch the quantum of forgery in all the bank branches in India is beyond one's imagination. Investors, hereafter, instead investing in banks and bank stocks, keep their money under their pillow. Unscrupulous are the banking authorities in India.

K A Solaman

Impression matters

Impression matters

The Union budget for the financial year 2018-19 is uninspiring as it does not address the problem of unemployment. Also, planning a budget becomes meaningful only when the previous year's proposals have been met. However, the latest budget speech hardly made any reference to the projects that were announced in the earlier years. Arun Jaitley's budget promises are nothing but mere rhetoric.

The government had pledged to create one crore jobs every year but has repeatedly failed to reach the target. Further, setting the limit for cash donations to political parties from one source at Rs 2,000 is a meaningless gesture. Jaitley has not reduced the tax rates for individuals, he also made no provisions to arrest the rise in fuel and commodity prices.

K.A. Solaman,
Alappuzha, Kerala
The Telegraph, Calcutta, Feb 8, 2018