Showing posts from May, 2018

Sending a signal: RBI should consider raising rates, even if by 25 bps

Sending a signal: RBI should consider raising rates, even if by 25 bps : There is no room for overconfidence on the inflation front.... Good suggestion. Going by the way things are moving, raising the basic rate next week is a possibility. M G Warrier

Ramayana : Vedic wisdom through a story Ramayana : Vedic wisdom through a story 24000 verses depicting the life and times of human incarnation of the almighty. M G Warrier Thiruvananthapuram

Kirana stores serve the society M G Warrier Thiruvananthapuram

Jump in NPAs of banks in Q4 : "Decent" exposure ? Rise in NPAs : "Decent" exposure ? M G Warrier

FinMin and RBI : Relationship issues For the submitted version of this response, please see the previous Blog Post M G Warrier Thiruvananthapuram

Mint Road Vs North Block : Managing the regulator

Mint Road Vs North Block : A move to appoint a government official as a deputy governor in the RBI seems to be aimed at improving coordination between the regulator and the finance ministry... Managing the regulator This refers to “Mint Road Vs North Block” (Business Standard, Raisina Hill, May 28). A K Bhattacharya has hinted at filling up of the existing fourth vacancy of RBI Deputy Governor by a serving civil servant who is conversant with the working of the finance ministry and/or PMO and RBI to bridge the alleged gap between policy perceptions of GOI and RBI. Perhaps, many at Raisina Hill would have even identified the person the writer has in mind, though one is not sure whether he/she is a candidate competing in the selection process underway now to appoint the fourth RBI deputy governor. Since September 2016, media has been more open in speculating about the frictions between Mint Road and North Block. It is no secret that since the days Y V Reddy was RBI governor, till the l

Managing anger : The Hindu Open Page Get rid of your anger M G Warrier Thiruvananthapuram

Listening to cosmic music : An interesting experience Emulating cosmic music Interesting thoughts on music... M G Warrier Thiruvananthapuram

Compendium of approved/certified medical services Plea for a compendium of approved/certified alternative medical services... M G Warrier Thiruvananthapuram

Krishna for Today : Paintings by Keshav Krishna for Today : Keshav (The Hindu) Almost everyday, Keshav posts a different painting depicting an episode from "Krishnacharita" My request is, kindly open the aptly named blog if you enjoy art and/or, if you are a Krishna devotee! M G Warrier Thiruvananthapuram

Failure as an option Failure as an option M G Warrier Thiruvananthapuram

India's gold management getting better? Also see "Gold Management in India", pages 181 to 187, "India's Decade of Reforms Reserve Bank of India at Central Stage" by M G Warrier (Notion Press Chennai, 2018) M G Warrier Thiruvananthapuram

Spirituality : Life and death issues Spirituality : Life and death issues M G Warrier Thiruvananthapuram

Class struggles in the oldest democracy : Wage war in US Interesting revelations: Average CEO pay in US about Rs91 crore Average teacher's pay : Rs39 lakh M G Warrier Thiruvananthapuram

The Hindu interview : Finance Bill Reforms Call for Finance Bill Reforms M G Warrier Thiruvananthapuram

Poetry's advantage : The Hindu Faith Column Interesting reasons for narrating stories in verse M G Warrier Thiruvananthapuram

Modi regime keeps bankers on their toes: Business Standard

Modi regime keeps bankers on their toes : Big reforms like IBC have been initiated. But the jury is out on whether they would help the domestic banking sector become healthy... Excellent analysis, but negativism dominates!* “Modi regime keeps bankers on their toes” (Business Standard, May 22), is a timely initiative to open a debate which may help RBI and GOI to consider a mid-term review for corrective measures in financial sector reforms. This is an excellent analysis of the progress in banking reforms by Anup Roy, taking stock of promises fulfilled by Modi government during the first four years and the unfinished agenda. The flip-side of the analysis is, while all the negatives that can show public sector banks in poor light have been highlighted, the text ignores the rationale behind nationalization of banks in the first place and has not given any credit for the market share of public sector banks in the banking business. The report has ignored the reluctance of private

Alzheimer's : Know more It comes slowly...In most cases... One gets some time to prepare for the rendezvous M G Warrier

Humour in grief: The Hindu Open Page article All my life, I've been a failure as a "Joker" This article gives me confidence that though people didn't smile where I went, they'll burst into laughter when I go. Open the link to clear the confusion! M G Warrier Thiruvananthapuram

Goal and the means : The Hindu Faith

Senior Citizens Living : Ashiana Shubham

Authority of sastras Essence of knowledge M G Warrier Thiruvananthapuram

Modi Vs Modi in 2019 : Head I win, Tail you lose... Modi Vs Modi Interesting thoughts M G Warrier Thiruvananthapuram

Nine times nominated for Nobel : Know more about ECG Sudershan A scientist who was nominated nine times for Nobel passes away. Know more M G Warrier

Botanical Gardens Ooty We enjoyed the beauty of the Botanical Gardens, Ooty on May 16, 2018. Hurried preparations were on for the Ooty Flower Show 2018. M G Warrier

How To do Pradikshinam In Siva Temple

How To Enter In Siva Temple A little disconnected, but related... I remember a "shlokam" describing how to do pradikshinam in a Shiva templT: Vrisham Chandam Vrisham cheika Somasoothram PunarVrisham  Chandancha Somasoothram Cha PunasChanandam PunarVrisham M G Warrier Ooty, May 16, 2018* *Date of adding my comments.

Speaking Tree : Happy Mother's Day Happy Mother's Day M G Warrier Thiruvananthapuram

A Poem on Hope By Wendell Berry A Poem on Hope By Wendell Berry

RBI buys some gold : Must buy much more... Good beginning... M G Warrier Thiruvananthapuram

Supreme Court to decide Aadhaar cases Aadhaar and Identity Issues One cannot dispute Justice Chandrachud's observation that identity is a serious issue and we need to address real problems. He shared his mother's experience : Ailing Ms Chandrachud wife of Justice D Y Chandrachud received her family pension every month after a bank official visited her and took thumb impression... This must have happened during 21st Century in India's Capital Delhi! M G Warrier Thiruvananthapuram

HAPPY BIRTHDAY, Karl : Business Standard There must be something special about a person whose 200th Birthday is celebrated world over. M G Warrier Thiruvananthapuram

Reserve Bank's Policy Perceptions: The Global ANALYST article

The Global ANALYST, May 2018 Reserve Bank’s Policy Perceptions* M G Warrier “…….When interest rates and prices in general are set free, when real and financial markets are freed internally and interlinked globally, when the public sector will have to compete in a free market for the resources it requires, when, in fact, the economy acquires all the complexity and at least some of the sophistication of the richer countries, will we be still able to maintain the old baggage of a Quantity Theoretic frame of mind? Should inflation be the only area of concern in fiscal and monetary policy or should we also have to deal on occasion with unduly low investment and employment and untenable interest or exchange rates? Should we not then be familiar with the very great advances made in monetary economics in recent years both in theory and in ferreting out stable and meaningful relationships among a variety of strategic variables?......” -I G Patel (November 1993 in his Foreword to ‘Mo

Restore Public Trust in Governance

Restore Public Trust in Judiciary  The survival of all  the pillars of democracy, and particularly the judiciary, in working condition, is dependent on public trust. The observation is in the context of distrust being disseminated into the minds of people by the political leadership in the name of preserving institutions responsible to administer justice and governance in general including regulating the financial sector. The integrity of the people at the helm of several highest authorities including the judiciary is being ‘debated’ in public which affects the foundations that sustain institutions. As this is a wider issue, let me refer to just one instance. A petition filed in the Supreme Court by two individuals challenging the decision of the Chairman of the Rajya Sabha to reject a notice for a resolution impeaching was ‘withdrawn’ by the Counsel appearing for the petitioners when the Court was in session to consider the merits of the petition. Nothing wrong. Except the reaso

The World is a Safer Place Now : The Hindu Interview Interesting thoughts M G Warrier

Professionalize top level selection process A timely suggestion My response to BS editorial on revamping selection process for top level positions including constitution of boards in public sector organizations M G Warrier Thiruvananthapuram

Periodic Pension Revision in Public Sector A pragmatic suggestion M G Warrier Thiruvananthapuram

Something positive about employment generation : EPFO data Positive news from EPFO : Welcome M G Warrier

Books By M G Warrier on Banking and Monetary Policy

M G Warrier Books by M G Warrier 1) Chasing Inclusive Growth Reforms for Financial Inclusion (eBook version) published by Notion Press Chennai. 2) India's Decade of Reforms. Paperback and eBook version published by Notion Press Chennai in January/February 2018. Both the books are available at all leading online marketing outlets like Amazon, Flipkart, Ideakart etc Book at (2) was reviewed in publications like: a) Telengana Today (By Dr Yerram Raju) b) The Global ANALYST (March 18 issue) c) Malayalam Business and Finance fortnightly Dhanam and d) Business Manager HR Magazine The books are found useful for those preparing for Competitive Exams with focus on Current Affairs in the Financial Sector and Economic Development. M G Warrier Thiruvananthapuram

Sowing Negative to Harvest Positive Sowing Negative to Harvest Positive M G Warrier Thiruvananthapuram

GOVINDA : Drawing by Keshav GOVINDA : Drawing by Keshav M G Warrier Thiruvananthapuram

Book Review : The Unseeing Idol of Light by K R Meera English translation of the Malayalam novel "Nethronmeelanam" by K R Meera M G Warrier Thiruvananthapuram

A bridge to Planet Autism : BLink article M G Warrier Thiruvananthapuram

Talent at the top: Call for change in selection process Have responded through a letter to the Editor M G Warrier Thiruvananthapuram

Evolution of Art : An artist explains Evolution of Art An artist explains M G Warrier Thiruvananthapuram

Cultivate Inner Strength : Speaking Tree Take a break from your mails and messages... Open this link and read upto serial number eleven... Your outlook will change for the better... Only you can take care of yourself! M G Warrier Thiruvananthapuram

PadmaPani : By Keshav Paintings by Keshav M G Warrier Thiruvananthapuram

A one trillion $ hidden treasure in God's Own Country M G Warrier Thiruvananthapuram

Padmanabhaswamy Temple: Hidden Treasures Padmanabhaswamy Temple: Hidden Treasures M G Warrier Thiruvananthapuram

Murajapam : A ritual that repeats every 6 years The book on my table Sree Padmanabhaswamy Temple: Wealth of Heritage Published by: The Hindu Priced Rs200/- Glancing through the book, I searched for the above link, as I had mentioned to Narayanettan about our forefathers having participated in Murajapam during 19th/20th Centuries. Before train services were established, nambudiris from Payyanur covered over 600 km journey to Thiruvananthapuram by walking, boat etc in several days... M G Warrier Thiruvananthapuram

Bekal Fort : A well maintained tourist spot in Kerala

BEKAL FORT We visited Bekal Fort and Bekal Beach in Kasaragod District on May 1, 2018. Being a public holiday during the summer vacation, there was a large number of tourists, mostly from neighboring Karnataka anf many from within the state of Kerala. The beach and the fort premises and gardens are well maintained. Absence of sign boards and tourist guides left the visitors guessing about the history of the fort and the significance of different constructions/structures in the fort area. There are some places in the beach with some facilities for children to play or even try a camel ride. One can spend an evening remembering history and enjoying the breeze. M G Warrier

The Hindu Faith Column : Rich Interpretations ce Interesting interpretations M G Warrier Thiruvananthapuram

Nostalgia : A Drawer Full of Happiness A drawer full of happiness: Nostalgia M G Warrier