Warrier's blog

Don't display Aadhaar number publicly, says UIDAI after Trai chief's dare : The Authority reiterated the Aadhaar number should be shared only if there was a need to do so for establishing identity and for legitimate transactions... Playing with identity This refers to the reports on public display of Aadhaar number and Assam NRC list (Business Standard, August 1). Whatever be the intentions of authorities, officials and media participating in this debate, the report on Aadhaar number can mislead the public about the safety aspects of their own identity document, namely Aadhaar card. The report on Assam NRC list is more confusing and authorities need to be more merciful while handling sensitive issues like citizenship. A quick clarification on the following aspects may help: Safe handling of documents like Aadhaar Card, PAN Card and ATM Card which have security features and sensitive information ingrained in them has to be the responsibility of the owner of such docu

https://www.thehindubusinessline.com/specials/india-file/churning-of-the-milk-ocean/article24555781.ece This is not about "Palazhimathanam" of puranas. I've responded through a letter. M G Warrier

http://kamadenu.blogspot.com/2018/07/putana-moksha.html?m=1

New book by M G Warrier https://www.amazon.in/Books-M- G-Warrier/s?ie=UTF8&page=1&rh= n%3A976389031%2Cp_27%3AM%20G% 20Warrier If the above link opens, please find some information about my 4th book (third during 2018)"Savings for Survival" which has been published as eBook by Kindle Direct Publishing (Amazon.com).  My first book "Banking, Reforms and Corruption: Development Issues in 21st Century India" (print edition) was published in 2014 by Sampark, Kolkatta.The eBook version of this book was published as "Chasing Inclusive Growth: Reforms for Financial Inclusion" by Notion Press, Chennai in March 2018. My second book "India's Decadeof Reforms" was published in print andas eBook by Notion Press Chennai in January 2018. "Ants and Honeybees", a collection of essays on general topics of current interest (Non-Fiction, Non-Finance) is my first book published by KDP (Amazon.com) M G Warrier

https://www.thehindu.com/opinion/open-page/ Forgotten art of letter writing... M G Warrier

https://wap.business-standard.com/article/companies/150-years-of-tata-group-an-imaginary-chat-between-four-of-its-chairmen-118072701112_1.html M G Warrier

https://www.thehindu.com/opinion/open-page/a-night-in-rac-with-half-a-berth/article7626362.ece A 3 year old article M G Warrier

Warrier’s Biweekly Review, July 29, 2018 I People’s confidence After some aborted attempts, the opposition in Lok Sabha could muster the numbers needed for moving a ‘No Confidence Motion’ which was debated in the Parliament for more than 13 hours on July 20, 2018. TDP joined one of the national parties the party saw as a co-accused in its criticism for voicing dissatisfaction about NDA government’s performance and moving the no-confidence motion. Telugu Desam Party MP Jayadev Galla who moved the motion and alleged that “both the national parties have crippled Andhra” couldn’t justify this. The public inference is that in the game of politics, numbers matter and the majority decides rights and wrongs. Despite all these, Shri Galla’s speech in parliament made sense. But, the inadequacy of opposition’s homework came to the fore when their representative was given a chance to respond to Prime Minister Narendra Modi’s point by point reply to the allegations made by those who mov

https://en.m.wikipedia.org/wiki/Panchangam Let's understand what's "Panchangam" M G Warrier

https://www.thehindu.com/opinion/open-page/a-whiny-bunch/article24484320.ece Interesting article M G Warrier

https://www.thehindu.com/society/history-and-culture/consecration-at-kasi-after-two-centuries/article24529478.ece Moving forward from the previous post today. M G Warrier

https://www.thehindubusinessline.com/blink/shoot/varanasi-in-images/article24529845.ece/photo/7/ Varanasi : Endless city Ganga Jal... Sanyas... Vishwanatha... Varanasi means different things to different people... M G Warrier

https://blogs.timesofindia.indiatimes.com/toi-editorials/mothers-fierce-love-it-fought-to-punish-custodial-death-and-won/ One is reminded of Eachara Warrier who ran from pillar to post to ensure punishment of those who were responsible for the murder of his son Rajan while in police custody. M G Warrier

https://www.thehindubusinessline.com/specials/india-interior/small-steps-become-big-strides-in-sindhudurg/article24534144.ece Creating livelihoods M G Warrier

https://www.thehindu.com/society/faith/prayer-for-protection/article24522417.ece Prayer for protection: The Hindu faith column

https://www.business-standard.com/article/current-affairs/flashback-of-26-july-2005-13-years-of-mumbai-floods-118072600288_1.html?utm_source=campaign_pn&utm_medium=push_notification&utm_campaign=browser_push&utm_content=&utm_term=&time=1532597283 Remembering the past and a reminder about lessons to remember M G Warrier

http://www.kudumbashree.org/ An initiative worth emulation by other states in India M G Warrier

https://googleweblight.com/i?u=https://www.thehindubusinessline.com/blink/talk/learning-to-write/article9912184.ece&hl=en-IN

https://www.moneylife.in/article/rbi-time-to-initiate-changes-from-within/47247.html Reserve Bank of India : Need for a strong Top Management M G Warrier

https://www.speakingtree.in/article/narratives-bottomlines M G Warrier

Blogger's dilemma: And post-publishing follow-up? A lot is being debated about freedom of expression, role of social media in social behavior and so on. In addition to this blog, I communicate with outside world through emails, SMS, LTTE (letters to the editor), articles in newspapers/magazines, post and so on. I've published three books: 1 Banking, Reforms & Corruption, 2014 Publisher: Sampark, Kolkatta Rs250 2 India's Decade of Reforms, 2018 Published by Notion Press, Chennai Pages 268 Rs399 3 Ants and Honeybees, 2018 eBook Publisher : Amazon.com Kindle Direct Publishing Rs99 4 eBook version of book at Sl 1: Chasing Inclusive Growth Notion Press Chennai 2018 The books at 1 and 2 were reviewed in newspapers/magazines like Freepress Journal, Telengana Today, The Global ANALYST, Business Manager etc All books are available at online marketing outlets like Amazon.in, Flipkart, Amazon.com, Amazon.uk, Ideakart etc and for direct purchase from publisherd. As I my

http://kamadenu.blogspot.com/2018/07/vishwaroopa-as-pandava-doota.html?m=1

Reserve Bank of India examines feasibility of policy on dividend to govt : Centre believes there will be green signal for amending the law to enable the policy.. M G Warrier responds:                               July 23, 2018 RBI's dividend policy This refers to Arup Roychoudhury’s report “RBI examines feasibility of policy on dividend to govt” (Business Standard, July 23). Section 47 of the Reserve Bank of India Act, 1934 dealing with RBI’s surplus income reads as under: “ [47. Allocation of surplus profits. After making provision for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation funds 2[and for all other matters for which provision is to be made by or under this Act or which] are usually provided for by bankers, the balance of the profits shall be paid to the Central Government.]” It is intriguing that a dividend policy for RBI, independent of the above provision requiring a fresh amendment to RBI Act is now being negotiated between

https://www.mindtools.com/pages/article/dealing-with-angry-people.htm After reading the Wire article on Devil's Advocate (see earlier Blog Post), I dug up this interesting article M G Warrier

https://thewire.in/books/narendra-modi-karan-thapar-interview Another view: Freedom of expression includes freedom of non-expression except under compulsions of law M G Warrier

Both the national parties have crippled Andhra, says Jayadev Galla : The saga of Andhra Pradesh during the Modi and Shah regime is a saga of empty promises... July 23, 2018 People’s confidence After some aborted attempts, the opposition in Lok Sabha could muster the numbers needed for moving a ‘No Confidence Motion’ which was debated in the Parliament for more than 13 hours on July 20, 2018. TDP joined one of the national parties the party saw as a co-accused in its criticism for voicing dissatisfaction about NDA government’s performance and moving the no-confidence motion. Telugu Desam Party MP Jayadev Galla who moved the motion and alleged that “both the national parties have crippled Andhra” couldn’t justify this. The public inference is that in the game of politics, numbers matter and the majority decides rights and wrongs. Despite all these, Shri Galla’s speech in parliament made sense. But, the inadequacy of opposition’s homework came to the fore when their represent

https://googleweblight.com/i?u=https://www.frontline.in/books/new-history-of-ancient-past/article10108361.ece&hl=en-IN&tg=292&pt=22 Frontline book reviews give fair idea about the content of the book M G Warrier

https://www.moneylife.in/article/no-lesson-learnt-rbis-new-rs100-note-is-new-headache-for-users-banks-atms/54760/89653.html Posted online comments M G Warrier

Interesting comparison This refers to Krishna Kant’s story “Large exposure to PSUs hurts LIC’s returns” (BusinessStandard, July 19). One wishes, all stakeholders join-in and debate the resources management by GOI, state governments, PSUs, Banks, both in public and private sectors and other organizations which source public savings for their funding/business needs. It would be fallacious to compare every investment with the equity investment in ‘Sensex’ shares. But there is a case for a reasonable positive return on investment of funds raised from the public, for the absence of which, there may be diverse reasons. The absence of functional freedom to work within the contours of mandated responsibilities stands in the way of professional funds management by statutory bodies and PSUs including PSBs. For historical reasons, despite talk about non-interference in the internal affairs of statutory bodies and PSUs, GOI has retained ‘ownership rights’ over these institutions and ensu

https://www.thehindubusinessline.com/opinion/dont-sell-air-india/article24453367.ece

http://www.thehindu.com/opinion/open-page/dont-regret-growing-old-with-a-little-effort-you-can-cope-with-it/article2504118.ece This is a 2011 article

https://wap.business-standard.com/article/opinion/allow-resource-migration-118071800031_1.html LIC-IDBI Bank deal & Air India "...In the Multi-Specialty ICU of the privatization lobby, not finding an early exit route..." Open the link and read my letter to find out what I'm talking about... M G Warrier

https://kamadenu.blogspot.com/2018/07/vatsalya_17.html?m=1

https://kamadenu.blogspot.com/2018/07/vatsalya_17.html?m=1 Keshav's painting Nice. Amazing imagination M G Warrier

https://www.thehindubusinessline.com/opinion/letters/letters-to-the-editor/article24445114.ece Please read my response to the report on LIC-IDBI Bank deal M G Warrier

http://www.brshetty.com/ After listening to Dr B R Shetty sharing episodes from his lifesl journey, visited this website M G Warrier

https://www.thehindubusinessline.com/money-and-banking/lic-board-gives-nod-for-idbi-bank-buyout/article24436343.ece M G Warrier                                 July 17, 2018 Cross-migration of resources This refers to the report “LIC board gives nod for IDBI Bank buyout” (BL, July 17). Hopefully, other regulatory approvals necessary, for the LIC-IDBI Bank marriage to consummate, will not get delayed. Any delay will give room for hairsplitting analyses by media and legal experts about the pros and cons, sans any practical solution to the underlying problems surfacing. Public memory may be short, but there is the live example of Air India which has got admitted into the Multi-Specialty ICU of privatization lobby, with no hope of an easy exit route.  Though comparing Air India and IDBI Bank is risky, both have their common public sector tag. Air India too should have been allowed to revamp and remain within the public sector as the service the carrier has been providing will h

https://www.speakingtree.in/article/calm-cool-centred

https://en.m.wikipedia.org/wiki/The_Last_Lecture#Synopsis Dr Y V Reddy gifted "Last Lecture" to RBI Central Board members on August 14, 2008. He moved out of RBI on September 5, 2008. M G Warrier

https://www.business-standard.com/article/current-affairs/how-fake-news-warriors-are-trying-to-eliminate-the-scourge-of-our-times-118071301117_1.html

https://www.thehindubusinessline.com/blink/read/book-fairies-random-acts-of-magic/article24407884.ece

https://www.frontline.in/books/article24279423.ece

https://www.thehindu.com/society/faith/prahlada-on-bhakti/article24400532.ece

https://www.thehindubusinessline.com/opinion/editorial/letters-to-the-editor/article24400641.ece This was my response to a media report on ranking countries based on GDP M G Warrier

http://kamadenu.blogspot.com/2018/07/yashoda-and-putana.html?m=1 If the link doesn't open, please visit kamadenu.blogspot.com M G Warrier

Warrier’s Blog : Fortnightly Recap, July 12, 2018 (M G Warrier is a Mumbai-based consultant and author of ‘India’s Decade of Reforms’, ‘Chasing Inclusive Growth’ and ‘Ants and Honeybees’) People’s CEA This refers to the interview with CEA, Arvind Subramanian (BS, Q&A, July 6). While regretting the short shelf-life in India for imported talent, mostly because of the fear of the unknown the individuals who are used to (and therefore are more comfortable with) western culture develop once they land in India, we need to welcome them and their contribution in our efforts to move forward. Perhaps, these celebrity economists fear that remaining in India for longer periods may affect their growth potential. Let us thank Arvind Subramanian for sharing his thoughts about recent developments in the Indian economy and his own unfinished agenda (the four issues he would have focused in Economic Survey 2017-18 (PPP for the Indian states, a different approach to employment flows a

https://www.thehindubusinessline.com/economy/india-scores-over-france-in-gdp/article24392629.ece Have responded through a letter to the editor M G Warrier

https://www.thehindu.com/opinion/open-page/where-you-worship-the-traffic-gods/article24360791.ece Worship the trafft Gods M G Warrier

https://en.m.wikipedia.org/wiki/Three_wise_monkeys

https://www.business-standard.com/article/companies/tcs-starts-fy19-with-better-than-expected-numbers-net-profit-rises-23-5-118071000881_1.html TCS, a company with over 4 lakh employees on rolls is the best service provider in its work area. The company has a work culture worth emulation by other organizations in private and public sectors. M G Warrier

https://www.thehindu.com/society/faith/total-surrender/article24381467.ece

https://wap.business-standard.com/article/opinion/letter-to-bs-raise-retirement-age-of-judges-says-attorney-general-118070900012_1.html Review retirement age M G Warrier

https://www.thehindu.com/todays-paper/setback-to-centres-scheme/article24368156.ece/amp/ Fishing for controversy Ayushman Bharat National Health Protection Scheme is an ambitious Central Programme to improve health coverage. States in which similar schemes are under implementation, the central and state schemes should be merged/dovetailed so that beneficiaries do nt lose. The perverted efforts from some quarters to create friction in Centre-states relations are condemnable. M G Warrier

https://www.thehindu.com/opinion/open-page/the-wonders-of-bioluminescence/article24300596.ece

https://www.thehindu.com/opinion/open-page/a-primer-on-how-to-live/article24360847.ece A different view on changing goalposts M G Warrier

https://www.thehindubusinessline.com/blink/cover/trees-and-the-city/article24349019.ece

https://thewire.in/law/when-it-comes-to-master-of-roster-sc-does-u-turn-on-vesting-power-in-single-person Posted online comments M G Warrier

https://www.thehindu.com/opinion/op-ed/a-legend-a-demystifier/article24343310.ece

https://www.thehindu.com/opinion/lead/why-we-need-governors/article24343299.ece An excellent analysis of Governor's role, Post-SC Verdict this week. M G Warrier  My response:                              July 6, 2018 Governors’ role This refers to Gopalakrishna Gandhi’s article “Why we need Governors” (The Hindu, July 6). At a time when such balanced analyses of issues branded as ‘politically controversial’ have become a rarity, The Hindu may kindly take the debate forward by inviting contributions from more thought leaders. Several temporary arrangements made immediately after independence which were of a first-aid nature, remained unattended till the end of last century and got permanency of sorts by the passage of time. The absence of opposition or presence of nominal opposition in the legislatures during the two decades that followed independence affected the growth of democratic institutions in our country. We are also paying the price of keeping the liter

We should not take our eyes off IBC, says CEA Arvind Subramanian : In MSP increases, the distributional benefits and the macroeconomic consequences are directly correlated, said CEA... M G Warrier                               July 6, 2018 People’s CEA This refers to the interview with CEA, Arvind Subramanian (Business Standard, Q&A, July 6). While regretting the short shelf-life in India for imported talent, mostly because of the fear of the unknown the individuals who are used to (and therefore are more comfortable with) western culture develop once they land in India, we need to welcome them and their contribution in our efforts to move forward. Perhaps, these celebrity economists fear that remaining in India for longer periods may affect their growth potential. Let us thank Arvind Subramanian for sharing his thoughts about recent developments in the Indian economy and his own unfinished agenda (the four issues he would have focused in Economic Survey 2017-18 (PPP for the Indi

http://kamadenu.blogspot.com/2018/07/a-tale-of-two-monkeys-ramayana.html?m=1 Painting of Sugriva, Rama and Hanuman : Painting by Keshav of The Hindu 

https://thewire.in/law/supreme-court-turf-war-delhi-lessons

https://www.thehindubusinessline.com/info-tech/social-sites-should-be-accountable-responsible-for-any-misconduct-prasad/article24332853.ece Let's hope there will be some collective effort to clear the polluted environment in social media, which is the creation of vested interests taking advantage of the weaknesses and vulnerabilities of certain sections of society. M G Warrier Mumbai

Rs 800-900 billion needed to resolve large toxic loans, says Sunil Mehta : SBI indicates it could put in Rs 100 billion for stressed asset resolution... M G Warrier                                July 4, 2018 Mainstream domestic assets This refers to the report “Rs800-900bn needed to resolve large toxic loans, says Mehta” (Business Standard, July 4) by Abhijit Lele. The immediate media response to the Mehta Panel report on NPAs resolution is comforting. Last three years have been stressful for banks, government and the banking regulator. Not only because the efforts to cleanse the financial system from various chronic ills resulted in several weaknesses of the system surfacing or the rising demands on budgetary allocations to support ailing banks. The period also brought to light deficiencies and vulnerabilities in the management of institutions across public and private sectors. During this period the institutional system in the Indian Financial Sector has proved its resilience to w

https://www.speakingtree.in/article/who-is-that-girl-with-krishna

https://www.thehindubusinessline.com/todays-paper/tp-opinion/article24316919.ece FLASH: FM while interacting with media after accepting Mehta Panel recommendations on NPAs has said that "Bad bank idea" has been dropped M G Warrier

https://www.business-standard.com/article/economy-policy/amcs-steering-panels-to-be-set-up-for-faster-resolution-of-npas-goyal-118070201173_1.html See next post M G Warrier Mumbai

Why this Blog? A friend hinted during a telephone conversation that sometimes my messages get repeated in group emails, Facebook and here. He's right. There are some friends who get mails from me and also visit my Facebook page and/or Blog. But there are a good number of friends/viewers who visit Facebook/Blog but are not members of Exrbites Group where I share mails. I visit/post at my Blog almost everyday and share the posts at Facebook which I myself visit rarely. I get a rough idea of the number of people who visit my blog daily from statistics I access. As of now daily pageviews range from 100 to 200 plus and every post is seen by about 30 or 40 viewers. The highest pageviews I received was for an article on RBI Pension Revision : some 1300 plus This Blog is almost 9 years old and has about 4000 posts. Planning to reorganize. M G Warrier

A bad idea kept alive This refers to the story “‘Can ARCs ease banks’ burden?” (Big story, The Hindu Business Line, July 2) by Radhika Merwin. Bureaucracy has its own ways of getting things done in its way and this is the latest example. The report is indicative of how vested interests keep certain ideas floating until they could be pushed through. As stated the idea of ‘Bad bank’ was mooted in Economic Survey 2016-17, then called ‘Public Assets Rehabilitation Agency’ (PARA). All the reasons for not going ahead with institutionalizing bad assets remain valid today except that the idea now gets support from badly managed banks facing the threat of merger which expects to get another lease of life by transferring a portion of stressed assets to the new entity. In India, fortunately, big public sector banks which have the major portion of NPAs are big enough to professionally manage their own affairs, if functional parity in management and conduct of business is allowed which th