Warrier's Collage on Sunday December 11, 2022

-- Welcome To Warrier's COLLAGE On Sunday December 11, 2022 Forks in The Road : Dr C Rangarajan https://youtu.be/b8m29pl8qao Good Morning Happy Birthday to all readers having Birthday during the week ending Saturday December 17, 2022. Ayurarogyasaukhyam 🙏 and Best Wishes to all. Nice Day M G Warrier A Current Affairs Monetary Policy, December 2022 https://m.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54818 Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) December 5-7, 2022 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 7, 2022) decided to : Increase the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points to 6.25 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 6.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.50 per cent. The MPC also decided to remain focused on withdrawal of accommodative to ensure that inflation remains within the target going forward, while supporting growth. Media Response : M G Warrier 1) HR issues in banking sector December 10, 2022 HR issues in banking sector This refers to the report "Banks must scale up investments in tech" (The Hindu Business Line, December 10). Bureaucrats and bankers open their mind around the time of 'final' retirement or while writing memoirs. Another occasion is when they address exclusively academic gatherings. NIBSCOM gave such a rare opportunity to RBI Deputy Governor Jain. M K Jain's advice to banks and financial institutions to attract, train and retain talent to face the emerging challenges is equally applicable to the institution he represents, namely RBI, also. Banking sector may have to pick up a lesson or two from defence forces and Tatas about boosting employee morale and raising employee loyalty. These relate to remuneration package, job security and social security issues. In their wisdom, central government decided to continue the regular pension scheme for defence personnel. Tatas maintains the Tata Administrative Services across companies which ensures cross-flow of Tata culture across different industries groups and across generations. M G Warrier Mumbai 2) Monetary Policy December 7, 2022 RBI instills confidence Reserve Bank's decision to raise the base rate by 35 basis points is consistent with market expectations. Though some of the reputed international rating agencies acted in panic to revise their growth assessments about India, RBI deserves appreciation for taking a long term view based on ground realities. Reports suggest that the World Bank has noticed India's resilience and corrected their growth predictions about this country. Others will follow. M G Warrier Mumbai B Collage Review 1) India's rating : World Bank https://epaper.business-standard.com/bs_new/index.php?rt=main/mainpage#1 2) Media Responses : M G Warrier a) The following response has been published in The Hindu Business Line dated December 9, 2022 : Demonetisation records This refers to the report ‘SC tells Centre, RBI to submit records on demonetisation’ (December 8). The apex court's gesture to see the records and satisfy itself about the procedure followed in the announcement of withdrawal of the legal tender character of high denomination currency notes on November 8, 2016 and the follow up action by GoI and RBI is praiseworthy. That the issue was dragged to court instead of using the houses of Parliament for sorting out issues at the appropriate time does not bring much credit to the former FM or his party. Having said that the court's observation that “the way government takes a decision can always be examined” (in courts) is understandable. We are lucky to have all the pillars of the Constitutional System vibrant and functional after several decades. MG Warrier Mumbai b) IT's remarkable progress December 9, 2022 IT's remarkable progress This refers to the article "Where's the next TCS, Infy or Wipro?" (On the other hand, December 9). Though the question is relevant in the Indian context, we should also be looking around for new industrial initiatives in sectors other than IT, which can compete with global giants. Beyond expansion and efforts to improve global presence by existing conglomerates, major new ventures are conspicuous by their absence. This is not to underplay the role played by Global Industrial Meets organised by some states. Next step has to be to create a national consensus on making Indian industry become globally competitive, especially in sectors where we have advantage. These include labour-intensive and skill-dependent industries. Government need to support industries to upgrade skills and standards to internationally acceptable levels. Gold refining could be a test case. M G Warrier Mumbai C Collage Guest Columns 1) Babusenan's Column Photographic Memory : V Babusenan Swami Vivekananda suddenly became famous after his 1893 speech at the Parliament of Religions in Chicago. Three years later, during his visit to England, he made a trip to the University town of Oxford to pay his respects to the great Indologist, Prof. Max Muller. The Professor took some time to come down to the drawing room. While descending the steps, he noticed that the Swami was engrossed in reading a volume of encyclopedia kept open on a tripod. Professor Muller became curious to know whether the visitor was actually reading or was only posing. During the conversation that ensued, he deliberately brought the topic discussed on the open page of the volume and was astounded to find that the young monk not only knew the topic, but actually quoted verbatim. He was thrilled to find that the Swami possessed the rare gift of what is called 'photographic memory.' Prof. Velayudhan Nair, who taught us Shakespeare for our graduate course, happened to have a soft corner for Lord Macaulay whom it was the fashion in those days to decry for the English education he had thrust upon us. Whenever he got a chance, the Prof. would narrate the story about the young Lord joining Cambridge. On the first day of his joining, he went round the campus with his new friends. They spent some time in front of the big marble board on which were inscribed the names of the top rankers along with the respective years of achievement. On returning to the hostel, someone raised a doubt about the name of the person who topped the list in a particular year. Young Macaulay gave the correct name, according to him. He too, like the other fellows, had seen the board for the first time. He was provoked when he was questioned. He challenged his friends and asked someone to take down all the names in the big list from top to bottom which he dictated from memory in the chronological order and to verify with the board. All went back to the board with the big list. There was not a single mistake! The very same boy who was precocios in many things could not bear the thought of learning mathematics. Cambridge would not take kindly to anyone who shunned that subject dearest to God. So, the lad wrote to his father to take him away from that place. He is said to have concluded his letter in this way:'Yours most mathematical son'. Was it not this extraordinary gift that blinded Lord Macaulay in later years to make the arrogant statement:"A single shelf of a good European library is worth the whole native literature of both India and Arabia."? But, dear readers, please consider this Puranic anecdote:Lord Ganesa was coming out of Kubera's palace in Alakaapuri after completing his visit. Press reporters gatherered around him. They wanted only one question to be answered:"Was he impressed by Kubera's riches?" Pat came the answer:"Yes, yes, of course. But, not enough to stand me a breakfast." On the basis of the analogy, let us forgive this old imperialist who, like the proverbial leopard, could not change his spots. Alfred Hitchcock, the great British film director, made very effective use of this phenomenon in his1966 spy thriller 'Torn Curtain' . An American rocket scientist goes to the East Germany of the Cold War era and defects there. He is taken into confidence by a German missile expert and they enter into a heated discussion on the subject. He deliberately provokes the old professor to such an extent that the latter forgets himself for a moment. He snatches a piece of chalk and writes on the black board ,with gusto, the vital equations relating to the latest anti-ballistic missile in the armoury behind the Iron Curtain. He then suddenly becomes aware of his horrendous folly and, in a frenzy, wipes off the equations from the black board, little knowing that the damage is done! The visiting young man has a photographic memory. (Proposed week-end stuff) 2) Misquith Poems By Franklin Misquith Verse for the day : COVID Frank is back to 'Home Sweet Home' But about the place he cannot freely roam, Covid has turned him into little more than foam, He has become as soft as loam, And would like to remain seated under St Peter's dome. Covid is very funny illness, You may feel a lot of chillness. I remain belted to my seat, Remaining seated is proving to be quite a feat, The weather is not exactly chill, And I have to down many a pill, But daily of good food I have my fill. D Spirituality/Faith 1) Sunday Collage : V T Panchapagesan SUNDAY COLLAGE Everyday we lease on life which is renewed. Let us resolve to give of ourself today, helping Someone making our living RICHER...by our action. Twenty years ago, a letter from a village in Himachal Pradesh, arrived at the Ministry of Defense. The writer was a school teacher and his request was as follows : He asked, "If possible, could my wife and I be granted the permission to see the place where our only son died a heroic death in the Kargil war, on the day of his first death, his memorial day, on 07/07/2000? It's okay if you can't., if It is against national security, in which case I will withdraw my application". The Department Officer who read the letter, said, "It does not matter what the cost of their visit is, I will pay it from my salary, if the department is unwilling to and I will bring the teacher and his wife to the place where their only boy died" and he issued an order. On the remembrance day of the deceased hero, the elderly couple were brought to the ridge with due respect. When he was taken to the place where his son died, everyone on duty stood erect and saluted. But one soldier, handed him a bunch of flowers, bowed and touched his feet and wiped his eyes and saluted. The teacher said,“You're an officer. Why do you touch my feet? " "Well, sir", said the soldier “I'm the only one here who was with your son and the only one here who saw your son's heroism on the field. The Pakistanis were shooting hundreds of bullets per minute with their HMG. Five of us advanced to a distance of thirty feet and we were hiding behind a rock. I said, 'Sir, I am going for the‘Death Charge'. I am going to take their Bullets and run to their bunker and throw the grenade. After that you all can capture their bunker.' I was about to run towards their bunker but your son said, "Are you crazy? You have a wife and children. I'm still unmarried, I'll go." Do the Death Charge and You Do the Covering' and without hesitating, he snatched the grenade from me and ran into the death charge. Bullets fell like rain from the Pakistani HMG. Your son dodged them, reached the Pakistani bunker, took the pin out of the grenade and threw it right into the bunker, sending thirteen Pakistanis to their death. Their assault was over and the area came under our control. I lifted your son's body, Sir. He had forty-two bullets in him. I lifted his head in my hands and with his last breath he said, "Jai Hind!" I asked the superior to give the permission to bring his coffin to your village but he refused. Though I never had the privilege of putting these flowers at his feet, I have the privilege of putting them at yours, Sir.” The teacher's wife was crying softly into the corner of her pallu but the teacher didn't cry. The teacher said :“I bought a shirt for my son to wear when he came on leave but he never came home and he never will. So I brought it to put it where he died. Why dont you take it and wear it for him, beta?" The Kargil hero's name was Captain Vikram Batra. His father's name is Girdhari Lal Batra. His mother name is Kamal Kanta. P S : My Dear Friends, These are our real heroes not the fake Bollywood heroes wearing make up and running around the trees. So please let us share this to make others aware of their supreme sacrifices. 🙏🏻💥🚩🇮🇳🙏🏻 V T Panchapagesan 2) Dr Charan Singh https://twitter.com/CharanSingh60/status/1597320012309880832?t=iVtCzmeVVEvrxTzOSFxFBg&s=08 Unity in Diversity - 450 जिथै नीच समालीअनि तिथै नदरि तेरी बखसीस Where the weak, down-trodden, lowly are cared for, over there, God, your graceful glance is blessed Guru Nanak, Raag Srirag, 15, SGGS E Collage Essay : Vathsala Jayaraman Laugh your way Fear of exams, anxiety over results and poor marks scored drive many teen agers to extremes. Is there a correlation between successful people and the marks secured? Large corporates are reported to have decided not to recruit top rankers since they are found to have 'tunnel vision'. No country is run by rank holders. We often forget to tell our youngsters that achievements of great people stood on the foundation of mistakes. Behind Churchill's perfection, lay a history of failures. Tight rope walking children are deprived of childhood fun.We insist on a 'no error' system resulting in 'all errors' later. Ten years down the lane it may not matter whether one studied in IIT, IIM or Harvard or MIT. Don't we know that qualities matter in the stage of life? It is a must that youngsters spared sometime to laugh heartily. Norman Cousins, Editor of Saturday Review of 35 years was diagnozed with a painful progressively degenerative disease with 1/500 chance of recovery. He moved out of hospital, checked into a hotel and everyday watched comedies of Laurel Hardy, Charlie Chaplin and others. He slowly recovered and returned to full time work. He wrote about how he laughed himself back to health in his book 'Anatomy of Illness' Life is too precious to be taken too seriously. Laugh at life's twists and turns. A teacher advised as follows : First, I was dying to finish High school with 'A' grade. Then I was dying to enter the best college. Then I was dying to get a good job. Then I was dying to get married. I was dying to beget children. I was dying to ensure my children study well. Then I was dying to retire. All of a sudden I got the insight that I have forgotten to live. Vathsala Jayaraman C V Subbaraman adds : If failures are stepping stones to success, should we not laugh within ourselves when we fail each time instead or crying or being glum? Laughter is the Best Medicine. This is more than a proverb and is stated to have its origin from King James Bible. When one laughs, the body gets relaxed and produces a feel-good chemical called endorphns and these help increase the natural painkilling response of the body ( and mind?.). In many cities and towns there are laughing clubs and members join during a morning walk and enjoy laughing together. It is called "Haasyaasana" in Yoga Therapy. There is also a proverb, Laugh and grow fat, though no one in the present times would like grow "fat". Are fat persons good or bad? One does not know. But Julius Caesar said that he would like to have men fat around him, for he considered lean and hungry looking persons like Cassius "dangerous". His estimation proved to be correct. Here is a beautiful poem on Laughter : Why don't we all laugh together! Why Don't You Laugh Poet : Unknown Why don't you laugh, dear boys, when troubles come, Instead of sitting 'round so sour and glum? You cannot have all play, And sunshine every day; When troubles come, I say, why don't you laugh? Why don't you laugh, dear girls? 'Twill ever help to soothe The aches and pains. No road in life is smooth; There's many an unseen bump, And many a hidden stump O'er which you'll have to jump. Why don't you laugh? Why don't you laugh? Don't let your spirits wait; Don't sit and cry because the milk you've split; If you would mend it now, Pray let me tell you how: Just milk another cow! Why don't you laugh? Why don't you laugh, and make us all laugh, too, And keep us mortals all from getting blue? A laugh will always win; If you can't laugh, just grin - Come on, let's all join in! Why don't you laugh? *************** Ha, Ha, Ha! Subbaraman Sitendra Kumar's response Thanks for the thought provoking article. Unwittingly I was living the way you have described in your e mail. Now only I have started living living, living well and living free from worries. I have not forgotten to live and for this I must thank the technology, the facility of buying books instantly at the drop of the hat and reading and enjoying immensely, seeing various serials/movies at my will and gossiping with the oldies. Children are there to take care of my needs. Life is certainly worth living. Thanks for the article. Regards, Sitendra Kumar F Leisure 1) Boss returns from lunch* BOSS hangs a Poster in his Office : "I'M THE BOSS, DON'T FORGET AND REMAIN IN YOUR LIMITS" He returns from lunch and finds a Note on his desk : "Your Wife called, she was shouting & said she wants the Poster back at HOME..." *Shared by S Venugopal Chennai 2) Without strings* 1. Advertisement In A Long Island Shop: Guitar, for sale........ Cheap....... . .......no strings attached. 2. Ad In Hospital Waiting Room: Smoking Helps You Lose Weight ... One Lung At A Time! 3. On a bulletin board: Success Is Relative. The more The Success, The more The Relatives. 4. When I Read About The Evils Of Drinking... I Gave Up Reading 5. My Grandfather Is Eighty And Still Doesn't Need Glasses.... He Drinks Straight Out Of The Bottle. 6. You Know Your kids Have Grown Up When: Your Daughter Begins To Put On Lipstick.. Or when your Son starts To wipe It Off 7. Sign In A Bar: 'Those Of You Who Are Drinking To Forget, Please do Pay In Advance.' 8. Sign In Driving School: If Your Wife Wants To Learn To Drive, Don't Stand In Her Way.... 9. Behind Every Great Man, There Is A Surprised Woman. 10. The Reason Men Lie Is Because Women Ask too Many Questions.. 11. Getting Caught Is The Mother Of Invention. 12. Laugh And The World Laughs With You, Snore And You sleep Alone 13. The Surest Sign That Intelligent Life Exists Elsewhere In The Universe Is The Fact That It Has Never Tried To Contact Us. 14. Sign At A Barber's Saloon in Detroit : We Need Your Heads To Run Our Business.. 15. Sign In A Restaurant: All Drinking Water In This Establishment Has Been Personally Passed By The Manager. *Shared by T V Sumangala Thrissur. If it's a repeat, try laughing again. 3) ID ten T Error* Yesterday, I had a problem with my computer, so I called Shubham, the 11 year old next door, whose bedroom looks like Mission Control, and asked him to come over. Shubham clicked a couple of buttons and solved the problem. As he was walking away, I called after him, 'So, what was wrong? He replied, 'It was an ID ten T error.' I didn't want to appear stupid, but nonetheless inquired, "An, ID ten T error? What's that? In case I need to fix it again." Shubham grinned, "Haven't you ever heard of an ID ten T error before?" "No,' I replied." "Write it down," he said, "and I think you'll figure it out." So I wrote down: ID10T *Shared by R Jayakumar G Collage Psychology Brain functioning* The director of the George Washington University School of Medicine argues that the brain of an older person is much more practical than is commonly believed. At this age, the interaction of the right and left hemispheres of the brain becomes harmonious, which expands our creative possibilities. That is why among people over 60 years of age you can find many personalities who have just started their creative activities. Of course, the brain is no longer as fast as it was in youth. However, it gains in flexibility. Therefore, with age, we are more likely to make the right decisions and are less exposed to negative emotions. The peak of human intellectual activity occurs around the age of 70, when the brain begins to function at full strength. Over time, the amount of myelin in the brain increases, a substance that facilitates the rapid passage of signals between neurons. Due to this, intellectual abilities increase by 300% compared to the average. Also interesting is the fact that after 60 years, a person can use 2 hemispheres at the same time. This allows you to solve much more complex problems. Professor Monchi Uri, from the University of Montreal, believes that the old man's brain chooses the path that consumes less energy, eliminates the unnecessary and leaves only the right options to solve the problem. A study was conducted involving different age groups. Young people were very confused when passing the tests, while those over 60 years of age made the right decisions. Now, let's look at the characteristics of the brain between the ages of 60 and 80. They are really pink. CHARACTERISTICS OF THE BRAIN OF AN ELDERLY PERSON. 1. Neurons in the brain do not die, as everyone around you says. The connections between them simply disappear if one does not engage in mental work. 2. Distraction and forgetfulness arise due to an overabundance of information. Therefore, it is not necessary for you to concentrate your whole life on unnecessary trifles. 3. From the age of 60, a person, when making decisions, does not use one hemisphere at the same time, like young people, but both. 4. Conclusion : if a person leads a healthy lifestyle, moves, has viable physical activity and is fully mentally active, intellectual abilities do NOT decrease with age, they simply GROW, reaching a peak at the age of 80-90 years . So do not be afraid of old age. Strive to develop intellectually. Learn new crafts, make music, learn to play musical instruments, paint pictures! Dance! Take an interest in life, meet and communicate with friends, plan for the future, travel as best you can. Do not forget to go to shops, cafes, shows. Don't shut up alone, it's destructive to anyone. Live with the thought: all good things are still ahead of me! SOURCE : New England Journal. *Shared by R Jayakumar