Save Lives Of PMC Bank Depositors
Yet another depositor of the scam-tainted Punjab and Maharashtra Cooperative (PMC) Bank has succumbed to the clampdown by the Reserve Bank of India (RBI) on the withdrawals from bank accounts and fixed deposits, taking the death toll to nine, in a short span of around 45 days. Although the RBI-appointed administrator has moved swiftly by asking the Economic Offences Wing (EOW) and Enforcement Directorate (ED) to release the attached assets of the scamster-owners of HDIL (Housing Development and Infrastructure Limited) and auction their properties to pay back their loans to PMC and the depositors their money, past experience has shown that the process is a lengthy one, as attached properties are withheld for years before being auctioned. It would, therefore, be prudent for the RBI to relax the restrictions on withdrawals to relieve thousands of depositors of their sufferings and misery. For a start, withdrawals not exceeding Rs 5 lakh per month would be reasonable without putting a burden on the bank. If the PMC Bank has adequate reserves, why not go for it?
A F NAZARETH, ALTO PORVORIM
The Indian Football Story
The story of Indian football is there for all to read and hear. The biggest drawback, to say the least, is the miserable record of the Indian football over the years. The Santosh Trophy, which once evoked a passing interest, has almost no takers. One cannot say that the Indian football lacked the ‘head turners’ who the young generation could look up to. Far from it there were, and are, plenty of them: P K Banerjee, Bhaichung Bhutia, Sunil Chhetri, I M Vijayan and Climax Lawrence readily come to mind. On their days, they could match with the best in the business. But, alas, football is an 11-member team game where individual brilliance is next to nothing compared to a collected team effort. Nothing succeeds like success, and while hockey went from strength to strength in the 60s and 70s to catch the country’s imagination, the sport of football in India landed with a thud after an initial take-off. That said, Indian football had its moments of glory when it qualified for the FIFA World Cup way back in 1950. The legendary Syed Abdul Rahim was a classy player, who carried the Indian football team to the victory podium in the 1951 Asian Games. The successful conduct of the biennial under-17 World Cup in 2017 in India attracted considerable attention towards the game. The advent of Indian Super League (ISL) in India in 2013, and the I-League of Asia has helped the domestic players mingle with some reasonably big names in other countries. Tie-ups with corporate biggies aided the sustainability of ISL. Film stars and famous cricketers came forward to own the league, on the lines of the highly successful Indian Premier League (IPL) of cricket. Once the logistics were taken care of, the rest was expected to fall in line. Though the importance of ISL vis-a-vis the I-league was a much-debated issue, things settled for the sake of the players. The crowd support to the ISL has been beyond expectations. Indian coach Stephen Constantine has a big role. Sandesh Jhingan, Gurpreet Singh Sandhu and Jeje Lalpekhlua are some of the footballers to watch out for.
GANAPATHI BHAT, AKOLA
Check Unruly Traffic In Vicinity Of Petrol Pumps
It is not only garbage dumping along both sides of the Eastern Bypass that has piqued locals, who have remained mute spectators to the blame game between the Margao municipality and the Davorlim panchayat over the unattended waste all these years. While the pot-holed visage of the road continues to irk residents, it is the unplanned manner in which the dividers have been constructed on the thoroughfare that is more concerning! The Eastern Bypass is one of the busiest roads of Margao frequented by travellers to Karwar, Mangalore and beyond. While the stretch of the highway from Gogol Housing Board junction to the Arlem crossroads has two petrol pumps ideally situated to cater to the needs of the motorists, it is the access to these filling stations that is proving to be the contentious issue. In the absence of an appropriate entrance close to the fueling station for commuters coming from housing board to Arlem, the tedious roundabout from Gogol junction has proved highly inconvenient for those wishing to refuel at the Bharat Petroleum pump. Similarly, for refueling from the HP pump, one has to proceed all the way to the U-turn near the old RTO office. This has, however, not deterred automobile and two-wheeler owners from taking a detour from the wrong side of the road to save time. It is yet a wonder that the traffic authorities have not thought much of this infringement and continue to turn a blind eye to the happenings. In fact, at times even drivers of police vehicles seem to prefer these ‘short-cuts’. This practice, however, needs to be censured in the strictest of terms, as it has proved costly once too often for the drivers. Two-wheelers ‘sneaking in’ through the gaps made between the dividers to enter the petrol pumps are an equally unpleasant sight. Hence, it is essential that the authorities make provisions for having accesses closer to the filling stations which do not prove cumbersome for the motorists.
PACHU MENON, MARGAO