The CobWeb – Our weekly feature hits a century
CPU of TIOL is going to occupy the monitor is how Natarajan of Swamy Associates, Chennai saw it, when we started our weekly feature the COBWEB on 12.10.2006. And today The CobWeb is a HUNDRED. Given our limitations, for us in TIOL, sustaining a column itself is a great achievement and we are justifiably proud that we could bring a hundred editions of the column without a break – and this week we talk about unjust enrichment.
Today's CobWeb discusses the huge amount of money that is lying unclaimed with banks, Insurance Companies, etc, and not utilised for the people.
There is one more problem with dormant accounts. Former President APJ Abdul Kalam had over a Lakh of rupees in his Savings Bank account with a leading nationalised bank. The scientist was too busy with Space and Science that he hardly had time to operate that account. A clever Bank Clerk, who thought that he could put that money to better use, simply withdrew it and spent it.
TIOL is grateful to all the Netizens for the huge support to CobWeb.