Warrier's blog

Friends Good Morning Today is RBI Foundation Day. Let's remember the past, and look forward to a brighter future for the institution : https://protium.co.in/2023/03/31/role-of-rbi-in-indian-economy/ Excerpts : "The Reserve Bank of India (RBI) has played a crucial role in shaping the Indian economy since its inception in 1935. From managing the monetary policy to regulating the financial sector, the RBI has been instrumental in laying the foundation for India’s economic growth. In fact, India’s GDP has grown from just $30.6 billion in 1950 to over $3.4 trillion in 2022, and the RBI has been a key driver of this transformation. As we celebrate RBI Foundation Day today, it’s worth reflecting on the institution’s contributions to India’s economic journey and how it continues to shape the country’s future." Nice Day M G Warrier

Welcome To Warrier's COLLAGE On Thursday March 30, 2023 Bringing out a limited edition supplement of Collage to cover briefly the proceedings of yesterday's Get-together. Some photos/videos have already been shared by the organisers in the Get-together Group/participants. More write-ups and photos will be shared as soon as possible. M G Warrier M 134 Thiruvananthapuram RBI Pre-1974 Family Get-together, 2023. Good Morning The get-together was held in Windsor Rajadhani Kaudiar on Wednesday, March 29, 2023. About 60 participants including K Ramasubramanian Mumbai, E P Ramachandran Palakkad, A K Ramachandran Kochi, Secretaries of RBI Retirees Associations, Thiruvananthapuram and Kochi attended. A big thank you to all who made the event happen, by organising and participation. P🙏-Warrier Programme Get-together started at 10.00 a.m Venue: Hotel Windsor Rajadhani, Kowdiar, Thiruvananthapuram 10.00 a.m. to 10.20 a.m. Socialising 10.20 a.m. - Prayer - Introductory r

Welcome To Warrier's COLLAGE On Wednesday March 29, 2023 Random Edition on the eve of Thiruvananthapuram RBI Pre-1974 Family Get-together, 2023. Good Morning 🌄 Friends The thought of organising this get-together came to the mind of S Valsalvadevi and some of her friends who had joined Thiruvananthapuram RBI together in 1973. The idea was shared in our WhatsApp Group. Rest is history or will become history. As families became smaller and smaller and each one of the family had to be in different geographical locations the good old joint family concept became extinct. As we progressed, the concept was reinvented and retried in different ways. We are here in one such joint family experiment with common roots and some common experiences and feelings. Let's start sharing them in the ambience of Windsor Rajadhani. I'm sure this will lead to more diverse activities in coming years with annual participation growing. Let me not pre-empt your thoughts. Regards 🙏 Nice Day M G W

Lucky with food and blessings https://timesofindia.indiatimes.com/readersblog/warriersviews/lucky-with-food-and-blessings-30705/ Excerpts : If I had maintained a proper record with evidence, from 1952 till now, and if the Guinness Book of World Records had a category of achievers who have tasted a maximum number of various vegetarian food during a span of 70 years, I would have won the award for the year 2020 now. This is how: While in school, lunch used to be in different temples, palaces or houses depending on the celebrations: Birthday of a member of royal families, the death anniversary of a local VIP, the monthly birthday of the head of a royal family on which day 12 Brahmins will be offered food (my father used to be a permanent invitee and me an external appendage), temple Festival days, 12th day after death/birth in Brahmin/Royal families and so on. On each occasion, the menu will be different! After I got employed, for the first ten years, I was staying in lodges and sha

Consolidation and restructuring of financial sector This refers to the article "Time to consolidate old pvt banks" (The Hindu Business Line, March 17). Since independence, in India government and the regulator (RBI) have been periodically reviewing the institutional system in the financial sector and making necessary changes consistent with the needs. Resultantly, different categories of banks and financial institutions came into being during the second half of the last Century. The unmanageable segments and number of multiple institutions are a pre-technology phenomenon. Time is ripe for consolidation and integration of the entire financial sector covering all institutions doing the business of banking without causing hardship to any stakeholders including employees and the customers. M G Warrier Mumbai

My Journey so far - Chapter 9 : Primary schools https://timesofindia.indiatimes.com/readersblog/warriersviews/my-journey-so-far-chapter-9-primary-schools-51458/ The series titled “My journey so far” had an unplanned and abrupt break during the first half of last year. I felt uncomfortable continuing with the “Service Story” which I temporarily discontinued at my arrival in Reserve Bank of India. Went back to my naming ceremony. In this piece we can rush through the four years schooling. Leisure Message shared by Bhagavan B Fatnani in RBI Retirees Groups Whenever i feel depressed in life…. i open my G-Mail inbox... i find : 1) 6 banks are giving me easy loans. 2) 10/15 banks waiting to deliver my pre- approval credit card. 3) I have won £ 10000000 and 💵 500000 for bloody unknown reasons. 4) 8-10 companies have best jobs for me. 5) 3 matrimonial sites have most suited girls for me. 6) Dr Batra has claimed that he will cure my hair fall. 7) 5-6 universities are giving

anking Regulation and cooperative sector This refers to the report "Need on-tap licensing of urban cooperative banks" (The Hindu Business Line, March 14). The huge section of deposit mobilisers and lenders other than commercial banks continue to be a puzzle for the Indian financial regulator. Earlier it's solved, the better. Our efforts to institutionalise a credit delivery system for the rural population, beyond bringing out voluminous reports surveying and reviewing rural credit by experts, were not proportionate to our enthusiasm to chase away the traditional money lenders. The financial institutions outside the commercial banks remained segmented, unorganised and inadequately regulated and inefficiently supervised. The dual control by central and state agencies added to the miseries of cooperatives. Even the present legislative initiatives do not address the problems in the rural financial sector adequately. M G Warrier Mumbai

Safety of Indian financial sector https://www.thehindubusinessline.com/opinion/letters-to-editor/article66615703.ece March 13, 2023 This refers to the report "Bankers rule out second-order impact" (The Hindu Business Line, March 13). Indian lawmakers and the financial regulators have been taking adequate care to insulate the household savings invested in banks and financial institutions from the shocks such deposits are usually subject to. Not that we didn't have unexpected bad experiences. Comparatively, the shock absorbers have remained functional in every crisis. The professionalism of the regulators, high reserve ratio requirements and the speed with which crises were managed with active government support have all contributed in maintaining this level of success in financial sector management. We need to strengthen the institutional system, from RBI to the front desk in the remotest bank branch further, considering the international scenario and the rise in u

Welcome To Warrier's COLLAGE On Sunday March 12, 2023 Good Morning. Happy Birthday to all readers having Birthday during the week ending Saturday March 18, 2023. Ayurarogyasaukhyam 🙏 and Best Wishes to all readers. Nice Day M G Warrier A Messages/Responses 1) C V Subbaraman Duty or Responsibility? Of a housewife? Dictionary says, duty means a moral or legal obligation. A housewife, and later a mother, does not consider her work at home a moral or legal obligation. It is simply a COMMITMENT that stems from her heart and mind. She is beyond definition. Subbaraman 2) Valsa Mathew* Thank u for the updates of many current affairs through ur writings. Now accepting the universal law that everything has an expiry date .. Still requesting to continue writing as and when time permits. Thank u.🙏 *Wife of our colleague late V M Mathew who worked in Ahmedabad, Mumbai etc and Thiruvananthapuram. 3) V Babusenan The poet said: 'Bhaavatthin parakodiyil-swayam Abhaavatthi

Media Response By M G Warrier Religion and colour of growth This refers to the report "SBI Ecowrap debunks Rajan's remarks on Hindu rate of growth" (The Hindu Business Line, March 8). I leave the responsibility of arriving at an acceptable band or range of growth for India in the near future to professionals, factoring in the available data. At a time when tradition and religion are being misused for constituency interests internationally, celebrity economists like Dr Raghuram Rajan and institutions like SBI could have spoken economics without using the recently coined phrases like "Hindu growth rate", which was not used even originally in good taste. India's growth story is at a crucial point now and those who missed the bus express their unhappiness by spreading negativism. Institutions like SBI owe no explanation to every comment, while efforts to clear misunderstandings are always welcome. M G Warrier Mumbai

Welcome To Warrier's COLLAGE On Wednesday March 8, 2023 1) Festival of colours : Holi https://youtu.be/SCVCk4MWvxY 2) Woman's Day 2023 : March 8, 2023 https://youtu.be/31LQIvOQ63o Good Morning Happy Holi There'll be a 'residual' and final issue of Collage on Sunday March 12, 2023... Nice Day M G Warrier Messages/Responses 1) S W Fadnawis Warrier's Collage on Sunday March 5, 2023 It is with heavy heart that I digest your decision to close 'Collage' although we may have interaction through other platforms. You have done a great job to engage us, mostly super seniors on the verge, in matters varied in contents. Alas, all good things come to an end*. Wish you all the best, including, sound health. 🙏 S.W.Fadnavis. *This brings nostalgic memories : https://indianjournalismreview.com/2012/05/18/must-read-shankars-weekly-final-editorial/ Regards 🙏-Warrier 2) P K Nambiar Dreams A poetic bent of mind is showing up in your writing (Thanks

Redefine CSR This refers to the short piece 'Tweak CSR rules to lift social sector " (The Hindu Business Line, March 6). The hesitant approach of law-makers to Corporate Social Responsibility can have multiple reasons. But the temptation of research on the subject and media analysis of the inefficient institutionalisation of CSR is intriguing. Especially when such discussions take the present two percent stipulation as the base from which to build up a case for corporate involvement in social welfare including healthcare. The ideal scenario would be to redefine social responsibility and irrespective of public or private ownership, make individual institutions responsible for the overall development and maintaining educational (upto High School level), basic healthcare and environment protection infrastructure in their assigned command area. Government also should reach out with support linkages and finance for performance of such responsibility by individual institutions on

Welcome To Warrier's COLLAGE On Sunday March 5, 2023 1) Collage of colours : Poem by M G Warrier https://timesofindia.indiatimes.com/readersblog/warriersviews/collage-of-colours-51127/ (See F II ) 2) Demonetization, before & after https://www.youtube.com/live/FERnI71Hw2w?feature=share (Sree Iyer & RVS Mony in conversation) Good Morning Happy Birthday to my daughter Reshmy and all readers having Birthday during the week ending Saturday March 11, 2023. Ayurarogyasaukhyam 🙏 and Best Wishes See H : Closing Bells for Collage Nice Day M G Warrier A Messages/Responses 1) Vishnu Kelkar Dear Shri Warrier ji, Thank you very much for undertaking an important task of reaching out to colleagues through Collage from pandemic days. Until recently Collage was a daily feast. The eminent contributors to it added a great value to its content, enriched us and gave a satisfying experience. With your announcement of closure of Collage, I am reminded of a saying, 'Everthi

Collage of colours https://timesofindia.indiatimes.com/readersblog/warriersviews/collage-of-colours-51127/ Collage of colours M G Warrier Bells are ringing, Curtains slowly move to the sides. Quickly the lights will be on Stage is set for the last scene. Collage of colours Merge into white White breaks out Like the skye in the morning Into rainbow colours Violet, Indigo, Blue, Green, Yellow, Orange and Red, representing the stop signal! Dame Day readies for the dance Changes colours One by one Rushes with sun in bright white The Kaleidoscope makes fast twists and turns Colours burst out in bubbles Explode in the minds of people Violet into thousand shades Followed by others in multiples of millions, billions and trillions Sun sets Stars take over behind the stage Shadows move fast, clouds camouflage every move... Probably preparing for another dawn... Online comments : M G Warrier ' dear s srinivasan really overwhelmed. this one word*, i will treasure. i'm aware,

Proud of Indian Institutions This refers to the report 'A weak-kneed person cannot be appointed as EC' (The Hindu Business Line, March 3). India is safe in the hands of the strong and vibrant institutions our Constitution helped to establish and evolve. The Supreme Court, Election Commission, CAG and RBI have risen to the occasion and acted decisively whenever internal and external threats sent out disturbing signals. That's story so far. The observations of the Apex Court that "Political parties betray a special interest in not forthcoming with a law..." have wider implementations than those confined to appointment of the Election Commission. There's a dilution in the seriousness with which legislative process happen from the Rajya Sabha (Upper House) to gram panchayats. Reasons may vary from case to case. But restoring public trust in governance need to become a national priority and Justice Joseph in this pronouncement has not minced words in saying that

Invite tourists to India This refers to the well researched article "How to attract more international tourists" (The Hindu Business Line, March 2). My eyes got stuck at the sentence ending "... while domestic tourist arrivals increased comparatively at a better rate from around 6 crore to approximately 232 crore during 1990-2019". This took me to my own observation in an article on tourism published in The Hindu eight years ago. I quote : "That reminds me of our Wayanad tour of 2013. That district had been converted into a nice ‘tourist village' in Kerala, by developing half a dozen spots including Pookode Lake, Edakkal Caves and Kuruva Dweep with international-standard cleanliness and facilities. When we visited Singapore ten years earlier, I had wondered why India, which has several resource-rich geographical areas with tourist attractions, much better compared to what Singapore packaged and served us, was not taking advantage of the rich tourism

Welcome To Warrier's COLLAGE On Wednesday March 1, 2023 1) Forget words, follow figures and shapes : Dosas for kids https://youtu.be/nEjS0e2UatQ 2) Robotic elephant in Kerala Temple https://youtu.be/E9BCTY1NVmE 3) Dust, If You Must https://www.ellenbailey.com/poems/ellen_218.htm Dust If You Must by Rose Milligan Dust if you must, but wouldn't it be better To paint a picture, or write a letter, Bake a cake, or plant a seed; Ponder the difference between want and need? Dust if you must, but there's not much time, With rivers to swim, and mountains to climb; Music to hear, and books to read; Friends to cherish, and life to lead. Dust if you must, but the world's out there With the sun in your eyes, and the wind in your hair; A flutter of snow, a shower of rain, This day will not come around again. Dust if you must, but bear in mind, Old age will come and it's not kind. And when you go (and go you must) You, yourself, will make more dust. (Poem shared by V T

Soft credit This refers to the report "Credit card spends in January at over Rs1-lakh cr for 11th month in a row : RBI" (The Hindu Business Line, February 28). Accidentally, my thought got mixed up with the one page advertisement on page 7 about the auction of gold articles by a finance company. While banks and financial institutions do the business of resources mobilisation and lending, one wonders whether the clientele on the other side of the table get adequate information inputs to plan their finances judiciously. If they received appropriate guidance, a section of the credit card users would have shifted to debit cards and a large number of gold loan beneficiaries would have started selling and buying gold in the market, instead of pledging and redeeming their jewellery for management of temporary financial liquidity issues. M G Warrier Mumbai

Silver lining This refers to the Business Line interview with Ashok Lahiri, author of "India in Search of Glory" (The Hindu Business Line, February 27). The attitude of Lahiri is positive which made me respond to his observations even before getting and reading the book under discussion. Richa Mishra's poser "Many of the UPA's proposals have been rechristened under the current NDA regime..." had an unintended negative tenor. But Lahiri, smartly responded even before the question was completed. The beautiful conclusion that "to abandon a good policy just because it was proposed by a previous government under a different political party would be preposterous" is a welcome caution which should be internalised by all political parties irrespective of the colour of the flag. M G Warrier Mumbai

Welcome To Warrier's COLLAGE On Sunday February 26, 2023 1) Kavach https://youtu.be/z0gn4W8YYYc Indigenous Train Protection System 2) Funny animals, cute birds https://youtu.be/daB54dKaAnY Good Morning Happy Birthday and Ayurarogyasaukhyam to all readers having Birthday during the week ending Saturday March 4, 2023. Today my sister(Rugmini Echi) is completing 84. Prayers for her Ayurarogyasaukhyam 🙏 and Best Wishes to all readers. Nice Day M G Warrier A Messages/Responses 1) Sharada Nayar Chennai Rules to be followed while eating Dosa was interesting (Had not noticed. Read now. During 1990's, a foreigner (I think from Switzerland) had come for some work to RBI. On a day he was wrapping up his work in RPCD I had to take a day's leave and before leaving he wanted to discuss with me something. My boss sent him to my house for a discussion over breakfast. We welcomed him with bread and Dosas for breakfast. We didn't have knife and fork etc. When dosa wa