Posts

Aadityahrudayam Stotram

http://aumamen.com/stotra/aditya-hridayam-stotram Aadityahrudayam, the hymn to the Sun God, is ascribed to the Sage Agastya. It forms part of the Yuddha Kanda (Canto 107) of Valmiki's Ramayana. M G Warrier

Level playing field for PSBs

http://wap.business-standard.com/article/opinion/letters-level-playing-field-117051101525_1.html Business Standard, May 12, 2017 Letters: Level Playing Field My response to a report on management of stressed assets on the books of Public Sector Banks seeks a level playing field for PSBs. M G Warrier

Moment of Epiphany: Zubin Mehta feels it

http://www.thehindu.com/entertainment/music/we-are-keepers-of-a-heritage/article18425967.ece "I went there(Israel) as a substitute for a famous conductor in 1961.... Well, look, I am a young man! I have contract with La Scala in Milan for the next three years... My calendar is quite full until 2021." Zubin Mehta on post retirement plans 😊

Resolving bad loans is no RBI job: HBL article

http://m.thehindubusinessline.com/opinion/resolving-bad-loans-is-not-the-rbi-job/article9691529.ece M G Warrier

Demonetization follow up

http://www.tribuneindia.com/ news/business/rbi-not-to- share-note-ban-details/405127. html Online comments: I'm not an RTI Activist and therefore am not very conversant with the expectations of RTI activists. From what I read in the media, I find, some of the RTI queries seek information which can cause problems in the smooth functioning of organizations ​ concerned. There needs to be some broad contours of self-discipline on the part of information-seekers when they approach defence, financial and medical organizations. Abuse of RTI Act can end up in weakening the cause expected to be met by the Act. In the case in question, RBI's accounting practices are really transparent and seeking documents like "all details of deliberations" that preceded Demonetization may affect future policy discussions . M G Warrier M _

Bad loan crisis shows signs of subsiding, say analysts

Bad loan crisis shows signs of subsiding, say analysts : According to Moody's, recent ordinance and RBI's action on joint lenders' forum are credit positive... Non-Performing Private Sector This refers to Anup Roy’s piece “Bad loan crisis shows signs of subsiding, says analysts” (May 11). Public sector banks continue to remain the whipping boy for the non-performance of assets created in the private sector. All through, the comparisons have been the percentages of gross and net NPAs accumulated in ‘public’ and ‘private’ sector banks. Rarely one reads anything about the context of formation of State Bank of India, Bank Nationalization, current business mix or share in banking business held by the two categories of banks. Remember, both categories of banks are sourcing their resources from public deposits and are serving the same clientele.  Stricter and prudent classification of  stressed assets at the instance of RBI doesn’t change the health of such  assets. I...

When monarchy met democracy: Zamorin visits Pinarayi Vijayan

http://www.thehindu.com/news/ cities/Thiruvananthapuram/ when-monarchy-met-democracy/ article18418355.ece Zamorin calls on Chief Minister Pinarayi Vijayan 92 year old KCU Raja, the present Zamorin worked with HMT  Kalamassery and has  been credited with leading the  implementation of computerized numerical central  machine  tools for the first time in India in HMT. M G Warrier