Dt: 01-06-2020 4.33AM
Content of suggestion to PM vide ref No.
To me: Your Communication has been registered with registration number PMOPG/E/2020/0467859 . Please visit at : https://pgportal.gov.in and click on 'View Status' for further details. Please quote the registration number in your future correspondence --received via email.
To the PM of India Respected Shri Modiji,
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 (at most 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.
The above links provided in boxes above are links to my six letters to Chief economic Adviser, GOI, Due for necessary acknowledgement and action.
The letter one dated 10-05-2020 is about
The letter two is the re-sending of letter one with a little name correction.
The other letters are inflapro applications including
There are other applications of INFLAPRO w.r.t. Fixed deposit, Mutual Fund, Preference-Share, Insurance-agents-commission with retirement benefit etc. about which can be seen by visiting my website mentioned above.
REQUEST RESPECTED MODIJI/PMO TO GIVE ME AN OPPORTUNITY TO DISPLAY ABOUT MY FINANCIAL CALCULATIONS AND TO GIVE
INFORMATION OF SPECIAL PASSWORD AND OTHER OPERATING INSTRUCTIONS FOR CUSTOM CHOICE OF INTEREST AND OTHER PARAMETERS
TO INTELLECTUALS LIKE, Dr. K V Subramanian, Chief Economic Adviser, Dr. Subramanian Swamy, economists and BJP party senior leader and other eminent economists.
B N Venkataraman
From IIT Kanpur, Uttar Pradesh.