Paramacharyal charanam Sharanam
Honourable PM and PMO,
REF to PMOPG/E/2020/0467859
and PMOPG/E/2020/0468148 dated 01.06.2020
present status of the above communication is under Progress with
Shri K Rajaraman (IAS) Addl.Sec.Inv&Admin as on 09.06.2020
email id: asinv-dea[at]gov.in
The previous communication to Chief Economic Adviser link is also given at end of the attached PDF
some part of Prev.communication:
To Respected PM, ,
My innovation of INFLAPRO is a financial calculation for providing inflation protected return on investment.
It is dealt comprehensively in my websites www.bnvenkat.com and www.bnv.bvraghav.com.
There is also a project report-2010 in detail giving the method of calculation, benefits etc.
I proposes this novel solution with inflation protection on their own investment with the same interest rate
applied on run balance in contrast to (A) diminishing balance method (existed before 1990s) and
(B) Equal instalment method popularly known as EMI prevalent in the market.
I call the calculation as an invention because it is the 3rd type of calculation not available
in the market and no formule available. I have titled my calculation as INFLAPRO and is very different
from fluctuating bonds previously available in USA whose return varies with inflation/deflation or floating rate of interest.
Inflapro gives a rate of interest on face value, with increase year by year at constant inflation rate
i.e. on the principal and same conventional interest rate (one can call payable) on run balance.
The payable interest also carries the same conventional rate of interest and the benefit is passed
on to customer in the later years of the term, which protects against inflation.
For better and EASY understanding a number of GOOGLE presentations are
given also showing grpahical representations.
It is attached in the pdf file.
I fully understand that the PMO is receiving lakhs of complaint/suggestions daily
and it is too early to get an acknowledgement.
I send this additional communication with only aim of fast and easy understanding with
better presentation about the paradigm shift in interest calculations.
The attached (this) pdf file is self-explanatory.
B N Venkataraman.