Warrier's Collage August 8, 2021
Welcome to Warrier's COLLAGE On Saturday August 7, 2021 Dhyanashlokam : Bhagavad-Gita https://youtu.be/1JAUNvB-__E ( With Lyrics) Good Morning One reader asked why personal interaction with friends should become part of Collage. More readèrs remembered those friends and their contemporaries and shared nostalgic memories. Collage has no syllabus or rigid format. It's put together during the previous 20 hours. It's an irreverent effort to divert attention from the "normal"! Nice Day M G Warrier A Current Affairs Monetary Policy : RBI Announcements on August 6, 2021 https://m.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52011 Excerpts : Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) August 4-6, 2021 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. B Learning from Mythology Management Lessons from Krishna & Rama : Vathsala Jayaraman In Hindu Mythology there are two great epics. One is Ramayana and other is Mahabharata. The centre story of both these books is around victory of good over evil. In one story Lord Ram leads his army to defeat Ravana in his land, While in the second Lord Krishna oversees Pandavas defeat Kauravas in the battle at Kurushektra. In Ramayana, Lord Ram is the best yodhaa of his side. He leads his army from the front. Strategizes and directs different people to do things which will meet the objectives. His people are happy to follow orders and want to get all the appreciation for being the best executors. Lord Ram set direction and also tells people what to do during difficult times. Ultimately they won the war & the final outcome was achieved. On the other hand Lord Krishna told Arjuna, I won't fight the battle. I won’t pick up any weapon; I would only be there on your chariot as a charioteer. And he did what he said. He never picked up the weapon & he never fought. Still, Pandavas won the war & final outcome was achieved. So, what was different? It was their managerial style and it was also the type of people who were being lead. Lord Ram was leading an army of ‘MONKEYS' who were not skilled fighters and they were looking for direction. While on other hand, Lord Krishna was leading Arjuna who was one of the best archerd of his time. While Lord Ram’s role was to show it and lead from the front, Krishna played the role of a coach whose job was to remove cobwebs from Arjuna's mind. Krishna couldn't teach Arjuna archery but he could definitely help him see things from a very different perspective. (Continued at H1) C Commentaries on Bhagavad-Gita Introduction : https://www.speakingtree.in/blog/45-commentaries-on-bhagavad-gita-195895/m-lite The Bhagavad Gita has more than 45 commentaries. The commentary of Sankara is the most ancient of the existing ones. There were other commentaries older than his, to which he refers in his introduction, but they have not come to us. Gita has been translated into major languages of the world. The translations are not included in the following list. Some commentaries are not available in full. Gita is multi faceted and many dimensional; a single sloka can be taken up and can be developed for days, as has been done by many commentators. D Readers'Contribution Financial Stability Report* The Reserve Bank on July 1, 2021 released the 23rd issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system in the context of contemporaneous issues relating to development and regulation of the financial sector. The major highlights of the FSR include: Sustained policy support, benign financial conditions and the gathering momentum of vaccination are nurturing an uneven global recovery; Policy support has helped in shoring up financial positions of banks, containing non-performing loans and maintaining solvency and liquidity globally; On the domestic front, the ferocity of the second wave of COVID-19 has dented economic activity, but monetary, regulatory and fiscal policy measures have helped curtail the solvency risk of financial entities, stabilise markets, and maintain financial stability; The capital to risk-weighted assets ratio (CRAR) of scheduled commercial banks (SCBs) increased to 16.03 per cent and the provisioning coverage ratio (PCR) stood at 68.86 per cent in March 2021; Macro stress tests indicate that gross non-performing asset (GNPA) ratio of SCBs may increase from 7.48 per cent in March 2021 to 9.80 per cent by March 2022 under the baseline scenario; and to 11.22 per cent under a severe stress scenario, although SCBs have sufficient capital, both at the aggregate and individual level, even under stress. *Excerpts from RBI's Monetary & Credit Iñformation Review (Courtesy : J Santhanakrishnan Chennai) E Blogs & Links Book Review : Commentary on Bhagavad-Gita https://www.newindianexpress.com/lifestyle/books/2020/dec/06/the-bhagavat-gita-book-review-twin-view-of-a-sacred-scripture-2231465.amp Excerpts : Debroy tells us that some less than adequate understanding of Sanskrit leads to ‘Gudakesha’ (another of Arjuna’s names which means one who has conquered sleep, derived from ‘gudaka’—sleep, and ‘isha’—lord) being translated as someone ‘whose hair is in a bun’, which is etymologically possible, but contextually implausible. Then there are problems that arise from an incomplete reading of the Mahabharata itself. Consider also what is lost in translations that substitute words for convenience or otherwise. For instance, in 1.36, Arjuna laments to Krishna, ‘O Janardana! What pleasure will we derive from killing the sons of Dhritarashtra? Although they are criminals, sin alone will be our lot if we kill them.’ To understand why the Kauravas are criminals, you have to read the footnote that tells us that according to the shastras, ‘there are six types of criminals—arsonists, poisoners, those who bear arms to kill you, those who steal wealth, those who steal and those who steal other people’s wives.’ If you substitute the word criminal with evil, you lose something in the translation. 2) Tata Steel in the news https://www.livemint.com/market/stock-market-news/tata-steel-share-price-soars-on-rare-double-ratings-upgrade/amp-11628070506844.html F Leisure 1) Planning & Execution* Why Detailed Planning is Very Important ? One night 4 IIT students were playing cards till late night and could not study for the test which was scheduled for the next day. In the morning they thought of a plan. They made themselves look dirty with grease and dirt. They then went up to the Dean and said that they had gone out to a wedding last night and on their return the tyre of their car burst and they had to push the car all the way back and that they were in no condition to appear for the test. The Dean said they could have the re-test after 3 days. They thanked him and said they would be ready by that time. On the third day they appeared before the Dean. The Dean said that as this was a Special Condition Test, all four were required to sit in separate classrooms for the test. They all agreed as they had prepared well in the last 3 days. The Test consisted of only 2 questions with a total of 100 Marks. The questions were : Q.1. Your Name .....(2 MARKS) Q.2. Which tyre burst ? (98 MARKS) a) Front Left b) Front Right c) Back Left d) Back Right True story from IIT Bombay Batch of 1992. *Received from Shivaram Shetty Ex-RBI Mumbai 2) Free Separation* Airport Check-in at Delhi: Non stop flight to San Francisco The attendant was apologetic to the husband : "I'm sorry sir, the flight is really full today. We couldn't allot you nearby seats. Your seat number is 14A and your wife's is 42H" Husband: "Do I have to pay anything extra for this?" *Received from S Venugopal Chennai via Group mail G Quotes on Bhagavad-Gita https://www.indiatimes.com/amp/culture/who-we-are/11-simple-lessons-from-the-bhagavad-gita-that-are-all-you-need-to-know-about-life-244390.html Like : We consider meditation boring. Who can sit still with their eyes closed and without vile thoughts? But we truly need to take out a few minutes from our busy schedules and sit in dhyana to attain inner peace. Whether it's a quiet corner of our cosy home, or just a secluded spit in office, closing your eyes and sitting in peace will give you immense peace of mind. (Real 'Meditation' is not about holding your breath and adding to your stress-Warrier) H 1) Continued from B2 Here are some of the basic differences in two styles: Lord Ram- A skilled warrior, was emotional, gave precise roles and instructions, motivated the army to fight for his cause Lord Krishna: worked with best the professionals, provideed strategic clarity, allowed team members to take lead, fought for the cause of the team, did not depict his true emotions Look at your team/family reflect what type of leader/parent you are, One who keeps answering/solving problems for people/kids Or Who asks relevant questions from their people/kids so that they can find their own solution. Are you someone who tells/directs all the time Or Someone who clarifies doubts and allows their people/kids to find their own ways. Are you someone who has monkeys in the team and the way you deal with it Or u have the brightest experts in their area getting stuck with issues? Younger generation doesn't want you to tell or show how things are done, they want to know the meaning of their task and how it makes a difference in this world. They are Arjuna’s who don’t necessarily seek more skill/knowledge but they need someone to clarify the cobwebs in their mind, if you still apply Lord Ram’s style on them, you are bound to fail as a manager. On the other hand if there are people who aren't skilled enough but rely on your expertise to sail through, Lord Ram’s style is appropriate. Isn't it good for us to reflect and think what managerial style will bring the best result for you and your team/family ? Is it Lord Ram or Lord Krishna? The Managing Leader vs the Coaching Leader 2) Commentary on Bhagavad-Gita by Shankaracharya Bhagavad-Gita with the Commentary of Sankaracarya https://www.amazon.in/dp/8175050411/ref=cm_sw_r_apan_glt_fabc_WSMP70GZJXJ18FSYXCBJ About the Author Gambhirananda (1889-1988), born as Jatindranath Datta, was a Hindu sanyasi associated with Ramakrishna Mission. He was born at Sadhuhati in today's Bangladesh. A graduate of Scottish Church College in Kolkata, Jatindranath Datta was influenced by his teacher Swami Jagadananda. He joined the Ramakrishna Mission in 1923. He was initiated to sanyas by Swami Shivananda. A scholar, he was the 11th President of the Ramakrishna Mission. 3) Minimalism https://timesofindia.indiatimes.com/readersblog/5waystosailyouthroughhappymid40s/minimalism-the-way-to-rediscover-life-35870/ "Minimalism in life is all about concentrating on what is crucial for us to live contentedly and seeding willingness in our consciousness for stemming out thoughts & physical possessions from our life that distract us."