WEEKEND LIGHTER: Delayed delivery of justice
(August 19/20, 2017)
Feel free to mail your views on this edition of WL to mgwarrier@gmail.com
Nine home remedies for hiccups: Reader’s Digest

Cover Story
Managing Resources Crunch
In his column “Snakes & Ladders” (Business Standard, August 21), Ajay Shah has raised a very relevant question, “Should we recapitalize the banks?”. The facts and figures that follows the question, with a feast of links for further reading and the columnist’s association with national level commissions/committees like Financial Sector Legislative Reforms Commission (FSLRC) adds credibility to whatever arguments he may support! So, for once, let us join the chorus from the audience, “No…No…Not at all, if it’s with ‘taxpayers’ money!!’. Still, we have to search out a solution, as we need banks to survive.
Recent revelations show that banks were only conduits in a larger scenario of sweeping out nation’s savings to different pockets within the country and abroad. Bluntly put, like Airlines, Railways and other Transport Systems helping smugglers or thieves shift their ‘loot’ to safer havens. The example is in the context that sizeable bank credit has been deployed in dead investments or were diverted willfully.
At this stage, GOI need to make a realistic assessment of wealth with the nation, by separately accounting assets with each industrial group, each family with wealth above a cut off level, say 50 crores, each  individual whose networth is above Rs10 crore and each institution which has declared assets over Rs100 crore. Those who have illicit wealth could get punished, while others who possess genuine savings can contribute to nation-building. This approach is likely to release enough resources to meet the present short-fall in meeting fiscal responsibilities. Details of rewards and punishments could be worked out with the help of eminent economists and concerned ministries.
M G Warrier, Mumbai
Links to recent reports/articles

 This supports the article published by Moneylife in the context of criticism of Currency Notes issued.
M G Warrier
Posted online comments
M G Warrier

Posted online comments
M G Warrier

Book Review:Advice and Dissent
This "note" on YV Reddy's Advice and Dissent was forwarded to me by Mangesh Tarambale. Thanks, Mangesh.
Of late, I look at books, articles and responses, more as resources to know more about the experiences the writers have passed through. I've taken a short break from analysing them for facts and figures or trying to figure out "how better, they could have acted in given situations".
As mentioned in this review, Reddy was doing a job in a manner which he thought would serve Public Interest and keep himself and his job and career interests safe.
M G Warrier
Recent responses
Confused Identity
This refers to Shrimi Coudhary’s report “PAN deactivation jolt for tax evaders in stock market” (Business Standard, August 16). It is not just about tax evaders. The frequent meddling with citizen’s identity by responsible authorities is creating embarrassment for several citizens who are not involved in any crime, financial or otherwise, also.
Last week, at the checking-in counter at a reputed hotel in Mumbai, I saw a guest being asked to produce ‘some identity proof, other than PAN card’. The guest produced Aadhaar Card which was accepted. While waiting in the lobby, the guest casually asked me, why PAN was not acceptable. He was not convinced when I shared my guess that ‘may be, because recently thousands of PAN Cards have been deactivated, the front staff may not be taking a risk’. According to him, the list of deactivated cards should be on the website of IT Department and hotel staff ‘should be able to check out, in case of doubt’. Citizens are now more aware about the possibilities of technology than BBB (Businessmen-Bureaucrats-bankers) elite think, I thought.
Perhaps, my short-time friend was making a valid point. GOI has been meddling with citizens’ identity this decade beyond tolerance levels. Modernization or introduction of new technology or better procedures and practices should not inconvenience the target clientele group too much. There should be a project approach to such shifts, ensuring and planning in advance for backward and forward linkages, making transition a smooth affair.
If technology is amenable, the Aadhaar Cards so far issued should be converted into Multi-Purpose Single Index Numbers (SIN) with appropriate alpha-numeric prefixes/suffixes to identify the uses like, for bank accounts, ration cards, passport and so on.
M G Warrier, Mumbai
Delayed delivery of justice

The brief letter "Too little, too late" (August 19) should be an eye opener for the Indian Judicial System from top to bottom (yes, from Supreme Court to Magistrate Courts at Taluka level). Aggregate number of cases pending at various levels has reached alarming levels, needing decades to clear off, with present infrastructure.
Extraordinary situations need extraordinary approaches to get over seemingly dead ends. These are, in reality, bumps to be jumped out. All pending matters before courts across India should be divided into two categories, (a) pending for more than a year as on a cut off date and (b) current matters less than a year old.
Category (a) should be entrusted to Special Courts at all levels formed with retired/retiring judges or willing and competent Senior Advocates with responsibility to "drop" or settle within two years.
Category (b) should be with working judges with a mandate to decide within a year.
There is a case for review of priorities of courts in listing practices in courts at different levels. Much of the precious court time is being wasted in celebrity and political issues which create media sensation. This is in addition to waste of resources in court by governments, companies, banks and PSUs on "prestige issues", as those approving expenditure do not experience the pinch.
M G Warrier, Mumbai


Nostalgia: Happy, working for RBI

When I was in the final year degree class, I happened to go to a commercial bank (Canara Banking & Industrial Syndicate) in the town, some five km away from my village. I saw Mr Vasudevan who was the best student in our senior batch (that was the first batch of B Sc degree in Government College, Madappalli) sitting in the cash counter. That day I felt that a bank job was the best thing in life one could aspire for. I was one among five students in our batch of 35 who completed B Sc that year from our college. Missed First Class by 0.5 percent. I had Understood the value 0.5 percent in 1963 itself.
I shifted jobs three times before joining Thiruvananthapuram RBI in January 1968. 
I couldn't get through the rigorous exams/interviews which I kept giving to get into a bank, till then. Attempts included a couple of bank tests, SBI Probationary Officer's Exam and selection test for clerical Post in RBI, Thiruvananthapuram (I was called for interview in 1964). 1967 written test I stood first and could retain the first rank in the interview, which fulfilled my ambition to be a bank employee.
I enjoyed every moment working in RBI. Tried to avoid getting transferred from Thiruvananthapuram even by offering to remain in Grade A, but when the threat of transfer in that grade was looking, reluctantly went for Grade B interview. Later worked in Mumbai and Nagpur.
M G Warrier


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