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Do you believe that termites ate away 1 crore rupees?

Created by : Sharmila Gupta, Business Editor, Jet Airways  | 04 25 2011 11:11:32 +0000
Industry : Radio, TV & Films
Keywords : bank rupees up 1 crore rupees one crore termites
Activity:  1712 views;  last activity : 07 25 2011 19:05:41 +0000

Termites ate away 1 crore rupees in UP bank!! This is the news which has come up as shock and surprise! Termites had earlier destroyed the furniture of the bank. Do you believe that termites actually did that?

 

http://blog.carazoo.com/wp-content/uploads/2010/06/indian-rupees1.jpg

  
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In Indian Political scenario it is qite natural ,,,the termites will eat even tons of Gold also ....POOR India..
By Muhammed Arif, Production Engineer, Bahrain Prism Glass Factory  04 25 2011 14:26:25 +0000
 
Top Argument
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I somehow feel that there is something wrong with th news and the corrupted people have taken away the moeny. How can they be so careless about that huge amount !!
By Sharmila Gupta, Business Editor, Jet Airways  04 25 2011 11:11:32 +0000
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If termites won't, human pests will, that's all that matters anyway!!!
By neha singh, Content Editor, Avestia Corp  | 07 25 2011 19:05:41 +0000
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It is paper. Improperly stored termites can eat it up. But this can happen in the home of a "baniya" who will have a cupboard of cash. It is a very plausible event if they are not careful. But banks have no business storing money in cupboards - they are in the business of circulating money in order to make more money. Statement coming from a bank makes it suspicious.
By V. Srinivas, Freelancer, Information Technology  | 07 25 2011 12:40:35 +0000
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Thats true..TERMITES...have swalloed not eate. And those termite are the Corrupt bastards...
By Shibu , BDM, International Business developement  | 04 28 2011 06:05:00 +0000
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Yes, everything can happened in India, as same thing was already happened at famous temple @ Pandharpur in Maharashtra. Thanks for referral, Sharmila.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 04 26 2011 08:43:38 +0000
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Yes Sharmila Termite can do that since I lost a few rupees to it but cld recover a few bits & pieces of currency. Banks especially PSU's donot care for pest & termite control. Even termites could able to bring down your flat by eating away your foundation pillars if not treated properly. No surprise Sharmila.
By nagesh rao, Freelancer, Freelancer  | 04 26 2011 05:16:39 +0000
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Everything is possible in INDIA!!
By Rohit Thakur, Electrical Engineer-Industrial, Quality Engineering and Software Technologies  | 04 25 2011 17:40:52 +0000
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It is possible becuz how currency is stored in the banks. Banks have to be regular in remitting their soiled cash to Reserve Bank of India. The disbursement of cash should also be done from various bins in the chests. If you load a bin which has a capacity of 150 bundles in case of 100 & 500 notes less for 1000 notes, 200 bundles in case of smaller notes. Unless keeps changing the notes in the bins on a regular basis for sorting etc and forgets some bins for a long time this is possible. Factual incidents have come out in RBI inspections of Currency chests across the country. Banks should also be regular in spraying the note bundles with antitermite solutions to prevent such a thing from happening.
By kanukurthy sudershanrao, Operations Manager, Andhra Bank  | 04 25 2011 15:28:03 +0000
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Those termites are known as "POLITICIANS."Politics remains the best business today than any other...
By KUMAR SAURABH JHA, HR Manager  | 04 25 2011 14:57:03 +0000
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Sharmila it is possible. it clearly shows the notes are kept together at a different place in ground floor unattended for years. There may be some sinister move is there. In USA in case of fire there is a department who comes and checks the burned notes and change the same.
By Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd  | 04 27 2011 11:33:34 +0000
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A baniya who has stacked money in his house or underground, maybe yes. But in a BAANK - NO, NO, NO. Only way for the bank to "prove" it is to show the "remnenants" of the notes
By V. Srinivas, Freelancer, Information Technology  | 04 27 2011 06:05:00 +0000
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Thanks,Sharmita, I think both top arguments yes v/s no point to same genre of device.The people have found loops in the system that they go around and remain Scot free.
By Mohammad Bakhsh, Consultant(Civil), Rail Vikas Nigam Limited  | 04 26 2011 03:11:45 +0000
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Nothing is impossible in the game of politics becoz they are having pseudo limbs which they use to grab the wealth easily. They make schemes not for the welfare of people but the easy way to grab the money. Eventually, scheme does not reach the needy and poor becomes more poor day after the other. I have reflected that they have lost their conscience and are suffering from some phobia to become more and more rich. They are inhuman in the guise of political leaders.
By Kaisar Ahmad Mir, Program Manager, Jan Shikshan Sansthan (ANHAD)  | 04 25 2011 13:30:00 +0000
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We will have more food for termites, if the Government withdraws notes of denomination Rs. 500 and Rs.1000/-! Our swindlers have more stories in store, and this is a feeler!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 04 25 2011 12:34:26 +0000
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Big deal....another set of termites are busy eating up the nation...
By manish , My a/c is not showing ..help toostep  | 04 25 2011 12:19:57 +0000
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