WEEKEND LIGHTER: Dr Rajan, the teacher

WEEKEND LIGHTER: Dr Rajan, the teacher
(April 16/17, 2016, No. 16/2016)
Weekend Lighter is posted every Saturday @mgwarrier.blogspot.in
Feel free to mail your views on this edition of WL to mgwarrier@gmail.com
Opening remarks: Fire works
Here, one wishes, our efforts to reduce ‘man-made calamities’ go beyond the traditional “Shmasaanavairagya”, as and when a tragedy visits. The shocking revelations about deaths caused across the country in fire accidents should be an eye-opener for policy makers and those in charge of enforcement of fire-safety measures. Preventive measures and respect for safety guidelines are conspicuous by their absence. From the accident in Kollam on April 10, 2016 to possible hazards due to piling up nuclear arms awaiting an occasion to destroy the neighbour or a distant enemy, are man-made and those in charge of governance across nations are responsible for them. Till such awareness dawns, calamities will be followed by expression of sympathy and doling out some charity by governments and the rich.
Recent Responses
April 17, 2016
Rajan’s communication skills
This refers to the report “India ‘one eyed’ king in land of blind, says Rajan” (Business Standard, April 17). India has immensely benefited from the communication skill of Dr Raghuram Rajan ever since he returned to India in 2013. Whether he is making a speech in an international forum or interacting with students in an educational institution somewhere in Kerala, Dr Rajan talks with the ease of a professor addressing his students in a classroom. This gives him a prominent position among the trio comprising himself, Prime Minister Modi and Arvind Kejriwal who together woke up the giant in India during the current decade.
While Kejriwal combined the civil services discipline and the ability to look at things in right perspective to create awareness about the mess in which the greed of the rich and the powerful had landed this country and Modi reinforced the capacity of the country to stand up and talk in international community on India’s terms, Dr Rajan takes care of ensuring that the Indian financial sector takes regular health checks to ensure sustainable economic growth. His catch phrases ‘A pig doesn’t become beautiful by applying lipstick’, ‘Make for India’, ‘Don’t fixit, if it isn’t broken’, reference to ‘traffic signal’ approach to monetary policy management by central banks and so on to the present reference to the ‘one eyed’ king have much deeper messages which the audience do appreciate and ponder over for long. These are used by Rajan the teacher (which role was appreciated by Prime Minister Modi when he attended a function at RBI during April 2015).
M G Warrier, Mumbai
April 14, 2016
Plain atrocious!*
This refers to the report “RBI has no defaulters’ list! Central bank says compiling it will divert resources” (The Hindu Business Line, April 14). The caption and the insinuations in the report are wild and atrocious. RBI is not expected to keep a defaulters’ list of the banks/financial institutions it regulates. Do not ask me to go back to the Supreme Court order asking the central bank to submit a list of a particular class of wilful bank defaulters in a particular manner by a particular date. That is a matter before the Apex Court and let us allow the court to do its duty. Let us not talk and act on behalf of judiciary.
Not just RBI, it is impossible for CAG to keep track of defaulters to central and state government departments and statutory bodies audited, for SEBI to compile on an ongoing basis list of companies which are not collecting their dues promptly or for that matter for any regulator/supervisor to do book-keeping for other organisations. RTI Act doesn’t expect such compilation of data.
Banking, like equity markets is sensitive to violation of trust and as Usha Thorat indirectly mentioned, let us not destroy an institutional system which is still working well in India.
M G Warrier, Mumbai
*Submitted version. Published in HBL on April 15, 2016
April 12, 2016
21st Century biographies*
Apropos “Rajat Gupta pens inside story” (Business Standard, April 12), one feels grateful to Rajat Gupta for the promise that he will attempt to answer the toughest question yet for a person of his stature, namely “How do you maintain peace and dignity in the most difficult circumstances?” As he rightly presumes, first person answers to such questions encountered in trying situations by individuals will help the youth who get confused, watching the goings on in the present day world. As the aftermath of Panama leaks, one Prime Minister had to step down. At the other end in Kollam in Kerala, defiance to law of the land by some vested interests has resulted in loss of over hundred lives and severe injury suffered by few hundreds. A young Collector, who issued orders what she thought right, is struggling to help out the victims of a tragedy caused by blatant violation of her orders!
This takes us to the basic question as to whether respect for ‘rule of law’ is on the decline in 21st Century. In our country with the present level of literacy, public opinion is managed by political leadership and media. Perhaps, youth and all those who were fortunate to get educated and employed need to participate in governances more effectively by expressing their views. Elders who are able to interact with citizens by any means including social media need to play a proactive role in educating the less privileged to think in terms of performing their duties and responsibilities for the overall benefit of the country.
Media should go beyond improving their outreach through ‘breaking news’ and ‘prime time melas’ and devote some time for spreading awareness about honesty, ethical behaviour and safe and clean living. If memoirs like this enlightens people to avoid the traps into which people like Rajat Gupta had fallen, publishing such memoirs by itself will benefit society.
M G Warrier, Mumbai
*Submitted version. The letter was published on April 13, 2016


Sweet Memories*

Calgary -2

The lovely morning Sun
Shy of emitting heat
In the dazzling white snow
Breaking into the cool dark homes
Courteously spreads the bright light.

Skylarks flying high
Watching the deer’s merry run
Collect the soft branches of dry trees
Only to make a beautiful nest
For their eggs to grow to safe wings.

Rabbits white and lumpy
Rolling and running
Playing in the snow carpet of my backyard
Enjoying all the smiles of nature
On the waning winter’s Calgary

* Poem received from Dr Yerram Raju on April 7, 2016 as part of an initiative ‘Pyramid Poems’. One received from my son under the same initiative appeared las week @WL.
M G Warrier


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