WEEKEND LIGHTER: Changing with times
WEEKEND
LIGHTER: Changing with times
(June 3/4, 2017, No.23/2017)
Section III YogaVidyaNiketan
I
Cover Story
Changing with times
This refers to the report “PSBs
oppose stake dilution via ETF” (Business Standard, May 31). Policies and
institutions should be subservient to public interest. The recent criticisms by
media and analysts directed at government moves to change policy approach or
revamp institutional structure in different sectors including regulation and
finance give an impression that even those who were pro-reforms, during
pre-Modi days, now plead for status quo, whenever changes affect their own
comfort zones.
Restricting the discussion to banking
sector, while formation of State Bank of India and nationalization of banks
were based on sound rationale, primarily the reluctance of the then private
sector to think beyond commercial and profit interests. The fast integration of
public and private sectors in business mix and exploitation of resources has
made it necessary to provide level playing field for institutions in public and
private sectors in all respects. As time passes, the differentiation between
public sector and private sector banks will, and should, fade away.
As a corollary, GOI, irrespective of
their contribution to the share capital of banks, should realize the need to
keep away from the In-house affairs of public sector banks beyond the extent
permissible as shareholders. Policy interventions, regulation and supervision of
all banks should be through the Reserve Bank of India only, for both public and
private sector banks.
Recently, a former RBI Deputy
Governor (Chakrabarty), according to media reports, observed that “regulations
are not rule based”. RBI has never been found guilty of crossing its mandated
contours of authority. Uninformed comments coming from former executives cause
avoidable embarrassment to institutions like RBI.
M G Warrier,
Thiruvananthapuram
II
A recent response
Resources
management
This refers to the article “We must
worry about state finances” (May 30). The analysis by Pattnaik and Jagdish
Ratnani gives deep insight into the need for GOI having closer liaison with
managers of state government finances if they do not want to abruptly land in a
situation similar to the one now the Indian Financial Sector has arrived due to
neglect of stress in asset management by banks.
Nation's resources
under the present dispensation are managed by GOI, state governments and
private sector comprising corporates and cooperatives.
There has to be harmony
in approach and consensus on priorities among these agencies, the
responsibility for ensuring which squarely lies on Central Government. Put
bluntly, GOI need to play leadership role in the management of country’s
resources.
Without understanding
the role expectations from various agencies, ignorant veterans like former RBI
Deputy Governor K C Chakrabarty will lament about inadequate guidance from
Reserve Bank of India or regulations not being rule based and RTI activists
will chase obsolete records dumped somewhere.
GOI, now preferably through
NITI Aayog, should guide finance ministry at the centre, state governments and
other organizations including banks and corporates which source funds from
public to put in place an Asset-Liability Management system, keeping in view
the short-term, medium-term and long-term resources needs and remunerative
deployment of resources mobilized.
M G Warrier, Thiruvananthapuram
III
YOGAVIDYANIKETAN*, MUMBAI
This year Yoga Vidya
Niketan conducted Summer Camp at 60 centers of suburbs of Mumbai and Navi
Mumbai to spread Yoga among the common people by teaching them four graded
courses (Preliminary, Intermediate, PreStandard & Standard) recognized by
Govt. of Maharashtra.
Classes were conducted
for six days Monday to Saturday for one and half hour between 6.00 to 8.00 in
the morning and evening.
This is Internship for
the students to conduct classes and teach Yoga. They have successfully
completed the theory and practical examinations of the course, "Diploma in
Yogic Education" (Anatomy Physiology, Education Psychology, Yoga
Philosophy and Yoga Application with Hatha Yoga Practices).
Here, it is concluding
session of E5 Center of Summer Camp of YVN, at Zen Hospital in Chembur,
conducted by YVN's teachers: Dr. Vandana, Rupesh Mayekar and Sonali
Thakur. Congratulations. Keep it up.
Most satisfying experience
for me to be the Parent Teacher for Chembur & Govandi Centers of the Summer
Camp.
Every activity of Yoga
Vidya Niketan is the Blessing of our revered Guruji Padma Shri Sadashiv
Nimbalkar, who is the Prime Student of Swami Kuvalayanadaji, founder of
Kaivalyadhama, Lonavala.
Yogacharya Nimbalkarji
founded Yoga Vidya Niketan in 1974 with the first Summer Camp with a dream to
reach ancient traditional holistic lifestyle to reach every common man.
His dream is being
fulfilled by the 100s of new teachers of YVN every year, who are carrying the
torch of Yoga to remove the ignorance and spread the awareness of our true
existence in this Universal Map.
Om Tat Sat!
K S IYER
*As reported by Iyerji in a mail shared with Exrbites Group
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