Warrier's Collage on January 5, 2025

Welcome To Warrier's COLLAGE On Sunday, January 5, 2025 : Good Morning Happy Birthday to all readers having Birthday during this week 🎈. Last few decades, I have been trying to attract attention to the need for an overhaul of Indian Pension System, reforms in gold management, Universal Healthcare and Poverty Alleviation. Some changes have happened in the recent past. I'm happy to find that the subjects continue to receive attention of opinion makers. Nice Day M G Warrier A The Book on my table Tuesdays With Morrie: An old man, a young man, and life's greatest lesson [Paperback] Albom, Mitch https://amzn.in/d/ddT5P1o Excerpts from Amazon Review "Maybe it was a grandparent, or a teacher or a colleague. Someone older, patient and wise, who understood you when you were young and searching, and gave you sound advice to help you make your way through it. For Mitch Albom, that person was Morrie Schwartz, his college professor from nearly twenty years ago. Maybe, like Mitch, you lost track of this mentor as you made your way, and the insights faded. Wouldn't you like to see that person again, ask the bigger questions that still haunt you? Mitch Albom had that second chance. He rediscovered Morrie in the last months of the older man's life. Knowing he was dying of ALS - or motor neurone disease - MItch visited Morrie in his study every Tuesday, just as they used to back in college. Their rekindled relationship turned into one final 'class': lessons in how to live. TUESDAYS WITH MORRIE is a magical chronicle of their time together, through which Mitch shares Morrie's lasting gift with the world." If we look around, we will find several people whose attitude to life can motivate us. Last week, my friend S W Fadnavis just mentioned about a book he found interesting. "Tuesdays with Morrie" by Mitch Albom. He remembered the book when he read a quote from Mitch Albom in one of my messages. The book contains several conversations with Morrie, the author had, after Morrie, a Sociology professor, was terminally ill and immobile and was aware he was about to die. But the interaction opens up profound thoughts which are not normally shared by people. We get an opportunity to understand that our fears and worries are nothing before the suffering of others. This professor was lucky to have 4 caregivers around and a network of friends and "clients" intersted in helping him.... It's difficult to comprehend what is in store, next moment 🙏 B Media Response January 4, 2025 Monetary Policy Committee This refers to Dr Rangarajan's article "Cutting policy rate, CRR : How much impact do they have?" (The Hindu Business Line, January 4). Perhaps, RBI is uniquely lucky to get advice and guidance from its earlier bosses on an ongoing basis. Happy New Year and best wishes to the former Governor. As it was a late addition, Monetary Policy Committee is yet to get the recognition as part of RBI's policy formulation apparatus, what actually it is. May be, minuted deliberations at MPC meetings follow agenda and are structured. But in the fitness of things, it is presumed that there will be sufficient interaction between MPC members and RBI top management to share thoughts on all issues having a bearing on Monetary Policy. Last year, when inflation started showing signs of going out of the "prescribed band", ongoing interaction between RBI and Finance Ministry saved the situation elegantly without any friction. A functional MPC has helped RBI to take policy decisions which have impact on inflation smoothly. M G Warrier Mumbai C Inevitability of death https://www.holy-bhagavad-gita.org/chapter/2/verse/27#:~:text=Translation,not%20lament%20over%20the%20inevitable. Excerpts from commentary : "In English language, there is a popular idiom, “as sure as death.” Benjamin Franklin said: “The only things certain in life are death and taxes.” The most certain thing in life is that we will meet with death one day. Psychologists categorize the fear of death as the biggest fear in life. In Patanjali’s Yog Darśhan too, abhiniveśh, or the instinctive urge to survive at all costs, is mentioned as a trait of the material intellect. But for one who has taken birth, death is inevitable. So when something is inevitable, why lament over it?"