Warrier's Collage January 11, 2022

Welcome To Warrier's COLLAGE On Tuesday January 11, 2022 1) Kopeshwar Temple near Kolhapur Maharashtra https://youtu.be/2KTVsQGGox8 (Link Courtesy : P P Ramachandran Mumbai. Also see G1. During 1990's, TKE Das, Bahinipati and I visited some places around Kolhapur staying for a few days with YSP Thorat) 2) Thiruvananthapuram City and around... https://youtu.be/YpHuib5TyNI (Link Courtesy : Sudha Warrier Thiruvananthapuram) Good Morning Nice Day M G Warrier A Responses 1) Information sought Query received by P P Ramachandran from Shri R C Mody (RBI Retiree, Delhi) : Dear Shri Ramchandran, I have completed 96 years. Do you know any retired Reserve Bank employee who is older? I shall be grateful for a reply Regards, RC Mody (Collage requests readers to consider taking up with respective Regional Offices of RBI to locate surviving employees who were on the rolls of the Bank before 1955 and appropriately honour and support them/their families 🙏-Warrier) 2) Vathsala Jayaraman I enjoyed reading all the five wonderful articles reg Akam poems by Shri Babusenan, whose mother tongue is most probably Malayalam. While we write so many articles on other subjects, we never bothered about the treasures in our language. Actually we had no occasion to read and enjoy such poems, but for a few prescribed in school texts. To say that my second language was Sanskrit would be a mere excuse and escapism. It is true that such Akam poems look alien even to people whose mother tongue is Tamizh. Hearty congrats to Shri Babusenan Sir for taking us through all the five landscapes and enabling us have a glimpse of the golden Akam poems. Vathsala Jayaraman 3) T N C Rangarajan With regard to the introduction of NPS, the increased burden posed by One Rank One Pension cannot be wished away. There is actually a twin problem - How is the employer to fund the pension and how is he to meet the impact of inflation. Most importantly who is going to pay the price for it. The employer will definitely add it to the cost of the goods or services and in case of government, taxation is the only option. That is why the entire process has left the employee to fend for himself. (Thanks. My submission is, the burden, where possible, should be born by the employer. Even daily wage should comprise the post-job expenditure elements. The unfunded portion becomes part of the government's liability in some form 🙏-Warrier) 4) R Jayakumar 1 V Babusenan's Column.. I read with interest Shri Babusenan Sir's instalments on 'Akam' poems of Tamil literature, based on the translation by Shri A K Ramanujan. Living away from Tamil Nadu for good has put me fully out of touch with Tamil literature, except for remembering a few little things from what I learnt in Tamil periods during the school days. The Tamil pandit who taught us in those days delivered the verses of poems with authority turning himself into the characters in the poem and explained the meaning with full emotions. It was easy to learn and understand the poems. Shri V B Sir is also like those pandits. 2 The Opening Gambits (the Doctor's first move) Doctor Tiny Nayar's comparison of a doctor's first move to diagnose a patient to that of the first move of a champion player on the chess board is very amusing to read and also gives unknown information about the chess game. I have seen a chess board but never played it with anyone so I was amused to know the different techno words used in the game. As far the different moves a doctor takes to diagnose a patient, now a days there is not much for him to do. Whenever I visit my doctor the receptionist cum nurse makes me sit in front of many machines. The BP, the Pulse, the temperature, the Oxygen level, the weight are checked by different machines automatically and the lady records all readings on the case paper including sugar levels if available and sends me inside. Doctor happily listens to whatever I tell him and writes his prescription, sometimes asking me to open the mouth. The doctor no more asks any patient to lie down on his examination table or hangs the stethoscope around his neck ! R Jayakumar B Current Affairs 1) Urjit Patel appointed Vice President of AIIB https://www.livemint.com/news/india/urjit-patel-ex-rbi-governor-appointed-vice-president-of-aiib-report-11641717934556.html Former RBI governor Urjit Patel has been appointed as a vice president of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. 2) Reserve Bank of India Report on Trend and Progress of Banking* The Reserve Bank on December 28, 2021 released the Report on Trend and Progress of Banking in India 2020-21 a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. The report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2020-21 and 2021-22 so far. The Report also offers some perspectives on the evolving outlook for India’s financial sector. The following are the highlights of the report: i) During 2020-21, the consolidated balance sheet of scheduled commercial banks (SCBs) expanded in size, notwithstanding the pandemic and the resultant contraction in economic activity. In 2021-22 so far, nascent signs of recovery are visible in credit growth. Deposits grew by 10.1 per cent at end-September 2021 as compared with 11.0 per cent a year ago. ii) Capital to risk weighted assets (CRAR) ratio of SCBs strengthened from 14.8 per cent at end-March 2020 to 16.3 per cent at end-March 2021 and further to 16.6 per cent at end-September 2021, partly aided by higher retained earnings, recapitalisation of public sector banks (PSBs) and capital raising from the market by both PSBs and private sector banks (PVBs). iii) SCBs' gross non-performing assets (GNPA) ratio declined from 8.2 per cent at end-March 2020 to 7.3 per cent at end-March 2021 and further to 6.9 per cent at end-September 2021. iv) Return on assets (RoA) of SCBs improved from 0.2 per cent at end-March 2020 to 0.7 per cent at end- March 2021, aided by stable income and decline in expenditure. v) Some of the policy measures taken by the RBI in response to the COVID-19 pandemic reached the pre- announced sunset dates in 2021-22. Certain liquidity measures have been wound down as a result, while other regulatory measures have been realigned to avoid extended forbearance and risks to financial stability. vi) Even though initiation of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) was suspended for a year till March 2021, it constituted one of the major modes of recovery in terms of amount recovered. vii) The balance sheet growth of urban co-operatives banks (UCBs) in 2020-21 was driven by deposits, while subdued credit growth led to acceleration in investments. Their financial indicators, including capital position and profitability, improved. viii) The profitability of state co-operative banks and district central co-operative banks improved in 2019- 20, while their asset quality deteriorated. ix) The consolidated balance sheet of NBFCs expanded during 2020-21, driven by credit and investments of non-deposit taking systemically important NBFCs (NBFCs-ND-SI). Their asset quality and capital buffers also improved. *Source : RBI's MCIR, December 2021 C Service Story "My Story So Far" By M G Warrier begins https://timesofindia.indiatimes.com/readersblog/warriersviews/arrival-in-thiruvananthapuram-40435/ Excerpts : "So far, I have been sharing with my readers, stories and anecdotes, which I thought, will be interesting for others. Hére I begin an attempt to talk about myself. Talking about oneself can become boaring either way. When the story becomes a lament, or turns out to be Self-Praise, in bits and pieces. But, this is in response to my friend K’s request. K feels reality could be equally or more interesting as compared to stories. Let’s make a beginning. Having talked long back about “Knowing when to stop”, we can stop anytime." D Readers Write Vathsala Jayaraman WHO and IMF Sister & I were studying. While I was busy with Physics, she was studying finance. Suddenly my dad entered the room. At that instant, my sister was screaming the words, “WHO and IMF” Dad asked my sister, "What is IMF?" “International Monetary Fund", she replied. “I'm not asking the expanded form. Explain, it's functioning, as you're learning this right now.” “Not at all. I'm not learning this. I'm studying something else and it was just an example. Only the word IMF. It's explanation is not given.” But Dad said,“These are simple general knowledge questions. Even a kid of 12 knows", pointing to me, he said- “You explain What's IMF.” Now I was in a dilemma. I too didn't know a thing about IMF. But I've a reputation to maintain; and so I thought, Dad is asking for guilty pleasure. He too doesn't know anything about IMF. Dad's English is not that good even. My sister loves me and I'm her only support. So she'll not interrupt if I do any trick. I began answering dad - IMF is an international organisation of repute. Like IUPAC is for Chemistry… Benzene got its name there too. It's an aromatic compound which is provided at a cheaper rate, also economically sustainable product. But at the same time, electricity is important. Financing electricity is tough work to do, especially when eccentricity of parabola is 1. But it never means parabolic shape will sustain forever. Some figures of fluid mechanics are paraboloidal in nature too. It's IMF's job to keep it this way, otherwise WHO will make it octahedral. And thus chances of loosing aromaticity comes into play. IMF is really important by the way. Then with satisfaction writ large on his face, said to sister “Seekho kuch apne bhaiya see. Science ka hokr commerce jaanta hai, aur tmse ek subject nahi sambhal rha. Kro time pass.” (Learn something from your brother. He is a science student with an excellent knowledge of commerce. And you're not good in your subject too. Keep wasting your time and energy. ) (Adapted from Tamil magazine) Vathsala Jayaraman E Spirituality/Faith charan singh (@CharanSingh60) Tweeted: Unity in Diversity - 127 मोहु मलि बिवसि कीअउ कामु गहि केस पछाड़्यउ क्रोधु खंडि परचंडि लोभु अपमान सिउ झाड़्यउ The Guru conqers temptations, desires, anger, greed (And guides the Devotee to attain same situation. Then bliss & liberation) Bard Salh, 1406, SGGS https://twitter.com/CharanSingh60/status/1480257494563770368?s=20 F Leisure* Saturday Night CRISIS MANAGEMENT Yesterday friends dropped without warning for a cup of tea. The wife pulled aside & said, "There's no sugar in the house, how can I serve tea?" Husband winked at her & said, "Make tea without sugar for all, leave the rest to me." As soon as the tea was served then husband said to the guests, "Let's play a game of chance. One cup of tea has no sugar, who ever gets it will take us all for dinner tonight." The result? All guests claimed they had never tasted such sweet tea! *Received from S Venugopal https://timesofindia.indiatimes.com/readersblog/warriersviews/right-to-privacy-in-an-open-society-8046/ G 1) In and around Kolhapur https://www.tripadvisor.in/Attractions-g737166-Activities-Kolhapur_Kolhapur_District_Maharashtra.html 2) Collage in Kerala IDUKKI https://www.tripadvisor.in/Attractions-g297632-Activities-Idukki_Idukki_District_Kerala.html