Warrier's Collage on Sunday November 6, 2022

Welcome To Warrier's COLLAGE On Sunday November 6, 2022 The Day started with : https://youtu.be/krGYd5tZe0A (10 million viewed this video in 10 years. Listen once, please. I've added an online comment today (Sunday November 6, 2022-Warrier) The Power of Positive Thoughts https://youtu.be/bQb4oFaIEMA (Mukundananda) Good Morning 🌅 Happy Birthday to all readers having Birthday during the week ending Saturday November 12, 2022. Ayurarogyasaukhyam 🙏 and Best Wishes to all. M G Warrier A Responses/Messages 1) R Jayakumar "There is a Kerala different from what outside world is getting to know from media and politicians." (MG Warrier in Collage) When in Kerala, during our recent visit to the South, we went to a shop to buy spices from a wholesale dealer. The dealer kept in front of us three varieties of cardamom quoting different prices, low to the highest. When I asked him which one of them was the best quality to buy he asked me a question : "In your family, among you, your wife and your son whom will you say the best?" All three of us were standing there and I told him that we all were best. He replied, " Yes, all are best but all are of different quality; now you decide which one to buy." I smiled and told him that a dealer in Mumbai would have convinced me to buy the costliest one, but you are different. He said 'that is because you are in Kerala'. When I asked him what is so special about Kerala he recited a mini poem and I quickly noted it down (with the help of my wife's memory power). "This is all about Kerala. Hundred percent literacy But 99 percent lazy. Making money is very easy But don't make anyone crazy. And that is our policy." The dealer's name was Mr Joy and he did all this while attending to many other customers along side. Mera Kerala bhi mahan! R Jayakumar (Thanks 🙏-Warrier) 2) K Balasubramanian Today's (November 5) Collage contains : RBI In-house HR initiative Employee Assistance Programme Who would volunteer? Would you? Because of lurking fear that the findings would not go against the employee for his career prospects. ( Thanks 🙏 I thought of adding that the help should be available to Retirees also. I think these are part of sophisticated games employers play these days. We can ignore. Thanks 🙏 - M G Warrier ) 3) Vishnu Kelkar See D Vathsala Madam's interview for officer's position in the Bank in late 60s was a knowledge sharing session on gold ornaments with the board members. It was a win win situation. As she got selected RBI too got a good officer. She lived in a joint family and being seeker of knowledge had stored in her memory all the finer points in making gold ornaments which she learnt while multiple marriages were settled in the family as she was growing up. This is one more advantage of living in a joint family. Her destiny is RBI's destiny too. The institution lost a talented officer who could have risen to the level of top management as Madam chose reversion for the sake of family. It was a great sacrifice on her part. VNKelkar (I've not met Vathsala Jayaraman. But I know her fairly well. Her daughter is married to T A Visvanathan's son. For few years TAV was my boss in ACD Thiruvananthapuram. I've been reading Vathsala Jayaraman's contributions in the media and in the two RBI Retiree Groups. I request her family and friends to publish a book on her life and contributions to the family and Tamil & English literature soon. She has a ready stock of notes from which the book can take shape 🙏-Warrier) B Current Affairs 1) Media Response : M G Warrier November 5, 2022 Decouple other currencies from US dollar This refers to your editorial "Throttling growth" (The Hindu Business Line, November 5). Though numbers may not be comparable, time is opportune for the so called world leaders to use India's initiatives in monetary and fiscal policy vis a vis pandemic-infused growth challenges. Though it didn't yield expected results in the short term, India was the first country to recognise the need for decoupling rupee from the domination of US currency. Fed Reserve is not as optimistic now about world following them at every stage. The laments of Media and analysts about depletion in India's forex reserves seems unrealistic. Post-1990's forex crisis, India has been augmenting it's forex and gold reserves primarily to meet situations like this. If GOI plays a proactive role in management of domestic gold stock RBI's hands will be further strengthened. The weakening Rupee and recalcitrant trends on the price front need to be taken congizance of, and the ball is now in GOI's court. This is not to underplay the challenges the Indian Rupee will face as a result of the simultaneous raising of rates by 75 basis points each by Fed Reserve and Bank of England. But, at this time around India is more prepared to face the challenges. The US dollar and UK currency are facing different sets of domestic challenges. Though RBI will continue to remain vigilant and use all available policy tools to manage inflation respecting it's mandate, GOI has to play a proactive role by active resources management and by ensuring the strength of G-Sec market. The recent initiatives in mainstreaming domestic gold stock and creating a retail market for G-Sec should be followed up with appropriate institutional and policy supports. Illustratively, retail holding of G-Sec could be offered higher (differential) rates and banks can be encouraged to hold a stipulated percentage in gold as part of Statutory Liquidity Reserves under Section 24 of the B R Act. M G Warrier Mumbai 2) A reptile dies facing on the spot capital punishment for attempting murder https://www.indiatoday.in/india/story/chhattisgarh-boy-bites-cobra-twice-snake-dies-2293540-2022-11-05 Link Courtesy : German Subbu C Sunday Collage : 1) V T Panchapagesan Chennai Be patient trusting yourself, you'll be loved MORNING MESSAGE Great Morning You could be the medium that will save a life! The little boy came from school on Saturday and told his father, my teacher has given us home-work to Hug 10 people and tell them - "Be patient, trust life and I Love you". The Dad said - "OK, we will go to the Mall tomorrow morning and do it". The child woke up all spirited up in the morning, got ready. Went to his Dad and said- "lets go!!" The father said - "There is heavy rainfall, I fear nobody might be there". The Child still insisted. So the father drove in the horrible rainy weather to the Mall. They stood in the mall for 1 hour, and the little boy hugged 9 people. His father then said - "Now let's go, its raining heavily and we shouldn't get stuck!" Sad the son went along with his father's orders. As they where driving past, the child pointed at a random house. Said - "please dad, just 1 person is remaining, I will go to that house and complete my homework"! The father smiled and pulled the car over. The child went to the door and began to ring the bell and found the door strongly with his knuckles. He kept waiting. Finally the door was opened gently. A lady came out with a very sad look and gently asked : "What can I do for you, son? With radiant eyes and a bright smile the child said : "Ma'am my teacher has told to Hug 10 people and tell them - "Be patient, trust life and I Love you". I have hugged 9. May I hug you and pass the message to you. The Lady embraced him, and started crying profusely. On seeing that the Boy's father came out of the car. He went to the lady and asked - "Any problem madam?" She composed herself, took them inside, gave them a cup of tea and then told his father : "My husband died a while ago leaving me totally alone in this world. Today morning the loneliness took over me. Since morning I have been thinking that this is the end of the road for me. Then I took a chair and a rope to my bedroom and decided to end my life. As I was seeing the world for one last time, I begged for forgiveness to GOD and then heard this knock. I thought to leave it. But then nobody comes to visit me. When I opened the door, I couldn't believe what my eyes saw this little child. And when he said, "Be patient, trust life and I Love you". I knew it was a message from God. Suddenly I realized I don't want to die anymore, and have decided to make something productive of my life. REMEMBER - Give positive thoughts to people. Tell them you stand by them. And even if nothing, just listen to them. You could be the medium that saves a life. Faith is the greatest Gift we can give people who are having a problem in believing in themselves. Let us show them that we believe in them and they just might surprise us. V T Panchapagesan 2) Dr Charan Singh [11/3, 8:41 AM] CharanIIMB: https://twitter.com/CharanSingh60/status/1587907657129938944?s=20&t=AyMu_b4JOMoZpA5hg1EQ_g Unity in Diversity - 424 चीनत चीतु निरंजन लाइआ कहु कबीर तौ अनभउ पाइआ Focused my mind on virtues of immaculate Almighty Only then received the experience Kabir, Gauri, 328, SGGS [11/4, 8:08 AM] CharanIIMB: https://twitter.com/CharanSingh60/status/1588256753338097664?s=20&t=5IquG0blHwDPzyWUhluDWA Unity in Diversity - 425 फरीदा जंगलु जंगलु किआ भवहि वणि कंडा मोड़ेहि वसी रबु हिआलीऐ जंगलु किआ ढूढेहि Why wander from Jungle to Jungle, breaking thorny branches to clear your way? God dwells in your mind why search in a jungle? Baba Farid, 1378, SGGS [11/5, 9:02 AM] CharanIIMB: https://twitter.com/CharanSingh60/status/1588675791344537600?s=20&t=k6jJ113-3sjh6UKQVTaTKA Unity in Diversity - 426 बाबा माइआ रचना धोहु अंधै नामु विसारिआ ना तिसु एह न ओहु Bro, this splendor of Maya is deceptive Blinded, forgets Naam, neither here nor there (Forgetting God due to attachment to Maya is bad for spiritual journey of humans) Guru Nanak, Srirag, 15, SGGS D Collage Essay : Vathsala Jayaraman Chennai A Golden Interview in RBI : Last week Shri Warrier wrote about his interview in AG's Office in Thiruvananthapuram. When I joined RBI in 1965, I didn't know anything about RBI. I just wrote the test, got through and entered the great building. After training, initial posting was in Gold Bonds Section. Things went on well. Continued at H 1 E Books by M G Warrier https://notionpress.com/author/m_g_warrier Restoring Trust in Governance India's 2020's Challenge Author Name: M.G.Warrier | Format: Paperback | Genre : Business, Investing & Management | Other Details Restoring Trust in Governance : India’s 2020’s Challenge is a companion volume to M G Warrier’s 2018 book “India’s Decade of Reforms” which looked at the initiatives taken by Government of India and RBI to restore the country’s economic health by an appropriate diagnosis of factors that stalled the 1990’s initiatives to introduce economic and financial sector reforms. GOI and RBI are taking forward reform initiatives to revamp the institutional system in the financial sector by infusing transparency and professionalism in policy formulation and introducing structural alterations wherever necessary. This book focuses on policy initiatives necessary to retrieve Indian Economy and the Indian Financial Sector from the present crisis-like situation. Areas covered in this book include agenda for the second Modi government at the centre (2019-24), pros and cons of privatizing public sector, approach towards gold management. Reserve Bank of India’s role in confidence boosting viewed in the context of monetary policy implementation since the setting up of Monetary Policy Committee (MPC), some aspects of macroeconomic policy challenges before the Reserve Bank of India, need for a strong central bank, conflicts in formulation and implementation of monetary and fiscal policies. Finally, in a separate Section, namely ‘Professionalizing Financial System’ we look at measures being taken to professionalize and strengthen the Financial Sector with focus on regulation and supervision of the banking system. F Leisure Tea Time Jokes Time* Results of 4 Students who appeared for an Examination in Maharashtra; Dev :- 105/150 = 70% Uddhav :- 56/124= 45% Sharad :- 54/121= 44% Rahul :- 44/147= 30% Dev gets criticised for not scoring 90%. Uddhav is secretly hoping to add his marks with Sharad to get 5 more Mark's than Dev! Sharad is excited because he feels he has topped the examination. Rahul is wondering how without studying he has still managed to get 30%. *Shared by S Venugopal Chennai. If you feel this is a repeat, thank God 🙏 you have a good memory. If you are reading this for the first time, start sharing forwards -Warrier G Quotes on marketing https://www.ventureharbour.com/great-quotes-advertising-marketing-experts/ On Being Ethical “Never write an advertisement which you wouldn't want your family to read. You wouldn't tell lies to your own wife. Don't tell them to mine” – David Ogilvy “Advertising is only evil when it advertises evil things.” – David Ogivly I'm not sure how many will agree. I'll try from tomorrow 🙏-Warrier H 1) Continued from D After just three months I appeared for interview for JO's post in RBI. In those days there was no written exam. Every one said, it is not just interview, but will be taxing. Shri Nangia, Shri Bala ( manager then ) and another gentleman were in the Selection Board. After initial introduction and perusal of certificates Mr Nangia asked a few questions on PDO where I was working. Then Shri Bala started. Are you married? "Yes Sir." How many sovereigns were given to you during marriage? "Just eight." Do you know about the purity of gold you are wearing? "Yes, Sir. They belong to the category of 14 caret gold." What is it all about? I explained how ornaments can be made only by adding copper. Normally 22 caret ornaments contain around 91 % gold and 14 caret ornaments contain only 58 percent of gold. All the questions thereafter related to gold ornaments . The direction turned to diamond studded ear rings, purity dosham etc. I explained in detail that for diamond studded ornaments, more copper should be added to make it 18 carets. It didn't look like RBI interview at all. It was like a conversation mamis have while buying ornaments for a marriage. As we had celebrated around nine marriages in our house this topic was a familiar one to me. Interview was very jovial. No question on Economics or banking. At the end of the interview Shri Bala said that you know so much about jewellery making. Perhaps you belong to a Goldsmith family. "No Sir, my father is a teacher." I came out. After a month I was shocked to see my name among the selected list of candidates. After a year in Bombay, due to family circumstances I came to Chennai on reversion to clerical cadre and I never opted for officer's post later. I was destined to be a clerk throughout. That is why I was able to take long leave of six months to attend on my husband who suffered cerebral haemorrhage due to accident in his 49th year. Our relentless efforts enabled him to become 100% normal. Even after 55 years this interview is etched in my memory. Vathsala Jayaraman