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To the Editor
Letters for publication in these columns should be addressed to the Editor and legibly written or typed with double space. For reasons of space, short letters are preferred, and all are subject to editing and cuts Pseudonyms are accepted. However, all communications must bear the writer's real name, signature and address
Saving scheme and interest rate
Sir, Newspapers published (June 03), the Finance Minister’s announcement about government decision to lower bank rate, interest rate on lending and deposits. The decision goes to the length of lowering the rate of interest allowed on three years saving scheme from 19% to 15%l This has come as a bolt from the blue to the retired officials who have Invested their pension gratuity money in the three year saving scheme The
Finance Minister's announcement will certainly take away their night's sleep.
We hear that the govern ment Is always facing local currency shortage to finance development projects both In the public and private sectors. This is due to scarcity of internal savings. In the face of this, we do not understand how lowering of incentive will encourage Internal savings?
At a time when cost of essential commodities are living. the drastic cutting down of the only source of Income of the old and retired Investors
will surely shorten their Ilves. The decision has come as a cruel Joke to the retired and small investors. The matter has legal consideration also.
That a person Invests his savings under certain express conditions in force at the time is a bilateral agreement with legal implications. Any change in the conditionalities of the agreement is not tenable at least for three years.
We hope the people's government will reconsider Its decision so far it hits the retired officials who have invested their life's savings In Sanchay Patra.
A retired Investor
Powerless manpower
Str, Bangladeshis are deported from Malayasla and elsewhere to not only upsetting
news but also a humiliating setback to the state's-International relations.
The accusation of illegal entry is costly for the countries concerned as can be irreparable damage to many expatriates.
As a normal practice, the travel documents are required to be authenticated by the gov ernment of traveler s national Ity and destination prior to departure.
The Malaysian case in point surfaces "organized syndicate" smuggling in thousands of Bangladeshis for jobs with "forged permits" that sooner or later land them in dire straits turning their sweet drams into nightmares.
Other consequences of such improper manpower trafficking may include increased waste of state revenues and national reputation at stake.
Only effective government procedure will retard such un derworld trades saving time, money, energy, and prestige of this nation.
M Rahman
Zita School Road. Mymensingh
Quadrilateral meeting on water sharing
Sir, The Ganges river docs not belong to India alone. It Is an International river. 1t originates from Ihe plateau of Tibet and passes through Nepal, India and Bangladesh and falls Into the Bay of Bengal. Since 1976 wc have left no stone un turned to solve the Ganges water sharing with India bilatcr ally bul we have failed miser ably. The acute water crisis In the north-west of our country
has become the matter of life and death for millions of our people. Now wc understand that after Farakka Barrage in West Bengal. India Is contemplating to construct another [Jarragc In Assam also to divert Ihe water of Brahmaputra river.
Il is. therefor. Imperative that a quadrilateral meeting of China -Nepal India -1 la ngladcsh may be convened under the auspices of Ihe UNO al an early date. The United Kingdom may also be invited to attend the quadrilateral meeting as an observer for necessary help and assistance. Wc sincerely desire lo maintain a friendly 'and cordial relation with India, of course with solution of Ganges waler dispute and some other outstanding problems with New Delhi. A friend tn need is a friend Indeed.
O H Kabir Dhaka 1203.