It was interesting to read the above article in the March issue. The concept may look attractive in principle, but whether it is good or not can be decided only after the schemes are framed by the banks and details made public, including fine prints. Going by the past record of schemes for senior citizens e.g. Senior Citizens Savings Scheme, there is every possibility that the Babus sitting in Finance Ministry and Income Tax department will try to make Senior Citizens life miserable. The way the proposal has been interpreted by a large number of Senior Citizens reminded me of the story of an Elephant and Four Blind Men.

M K Pande, Mumbai

Editor: I am not aware of any other action of the Govt vis-à-vis senior citizens that has had a more substantive impact on the quality of life of senior citizens. In the US the scheme is a flourishing success. Our country has also proved it can achieve what it wants if we put the right application and effort. It is necessary for senior citizens to support the Govt. on dynamic initiatives rather be cynical about its functioning.