Warrier's blog

Welcome To Warrier's COLLAGE On Sunday June 1, 2025 Friends A reader wanted to know whether the Jalan Committee report was influenced politically. He asked the basis on which the upper limit for RBI reserves was fixed at 7,5% now and whether it was just an arbitrary figure. We open a discussion on the subject at A below. Happy Birthday to all readers having Birthday this week 🎉 Regards M G Warrier A RBI Accounts RBI's Surplus Transfer to GOI for 2024-25 Last week, Reserve Bank of India published Bank's Annual Report and Balance Sheet. For the year 2024-25, RBI earned record income and as is customary and statutorily required, transferred the surplus income of Rs2.68 lakh crores to Government of India. The transfer was after usual appropriations including transfer of a substantial amount to Bank's Contingency Reserve Fund. Before and after the above transaction, there has been speculations, analysis and comments on the subject in the mainstream media. Th...

Welcome To Warrier's COLLAGE On May 27, 2025 Friends This brief midweek edition is to cover current issues. Happy Birthday to all readers having Birthday this week 🎉 Regards M G Warrier A RBI surplus income transfer to GOI My response to The Hindu Business Line editorial on May 26, 2025 Balanced view This refers to your editorial "Fine balance"(HBL, May 26). This is the first balanced analysis about RBI's surplus income transfer to GOI for FY2024-25. While RBI is making efforts every year to be more transparent in its accounting practices, some quarters attribute motives to GOI expectations about receipts from financial institutions government owns to finalisation of income and expenditure statements by such institutions. Sometimes such gossips border irrelevant speculation. We need to appreciate RBI for gradually introducing more transparency in the appropriation of its surplus income. So far, inadvertently though, an impression was created in some q...

Good Morning May 2025 issue of Business Manager is a tribute to Dr Udai Pareek when his students and colleagues are remembering him in his Birth Centenary Year. Dr Pareek is known as the father of Human Resources Development/Management in India. About him, later. Here's a brief one page article on "The Present and Emerging Future" which appears on page 6 of the current issue of BM on my table. Ever wondered why people take interest in history and archaeology or Space Science and plans for periods much beyond their anticipated Life Span? For example Modiji talking about India in 2047! Read this article. Regards M G Warrier

Heart Lamp : Short stories by Banu Mushtaq WINNER OF THE INTERNATIONAL BOOKER PRIZE 2025 In Heart Lamp, Banu Mushtaq exquisitely captures the everyday lives of women and girls in Muslim communities in southern India. Published originally in the Kannada, these portraits of family and community tensions testify to Mushtaq’s years as a journalist and lawyer, in which she tirelessly championed women’s rights and protested all forms of caste and religious oppression. Written in a style at once witty, vivid, colloquial, moving and excoriating, it’s in her characters – the sparky children, the audacious grandmothers, the buffoonish maulvis and thug brothers, the oft-hapless husbands, and the mothers above all, surviving their feelings at great cost – that Mushtaq emerges as an astonishing writer and observer of human nature, building disconcerting emotional heights out of a rich spoken style. Her opus has garnered both censure from conservative quarters as well India’s most prestigious lit...

Collage Poetry PARENT'S HOUSE* By Khalil Gibran It's the only house where you can go to dozens of times without an invitation. The only house where you can put the key in the door and enter directly. The house that has loving eyes that stare at the door until they see you. The house which reminds you of your carefree days, stability and your happiness during your childhood. The house in which your presence and look at your mother’s and father’s faces are for you a bliss and your conversation with them is a reward. The house that if you do not go, the hearts of its owners will shrink. The house in which two candles were burnt to light up the world and fill your life with happiness and joy. The house where the dining table is pure for you and has no hypocrisy. The house that if the food time arrives and you don't eat, the hearts of its owners will be broken and annoyed. The house that offers you all the laughs and happiness. Oh Children, find out the value of the...

Book on my table The book on my table brought out by The Hindu Group in March 2025, priced Rs99 is a compilation of articles by experts from multiple countries, including some who have worked with or for USAID, claims to bring readers a unique glimpse into the role of this development organisation and illuminates why the act of crippling USAID will potentially impact millions of vulnerable individuals worldwide. US has come a long way from Kennedy days (when USAID was established) to the present day. The brief 12 articles in 64 pages could become the background notes for future research of a nation which was led by Lincoln to Obama. Warning signals are seldom noticed.