Warrier's blog

Media Response Positive signals This refers to the report "Banks' bad loans at 10-year low, resilient to shocks : RBI" (The Hindu Business Line, June 29). Looks, the worst is behind for the Indian financial sector. FY2022-23 saw the central bank also improving it's balance sheet, though not in a big way. This is one side of the story. Time is opportune to look at management of nation's resources in their entirety including government budgets and mobilization of funds by corporates. The banks which created a nationwide network after obtaining banking licences, have become lazy and are using various external arms as conduits for purveying credit. This results in leakages which affects the return on investment for the depositors. Similarly, central and state governments using statutory provisions to retain banks and financial institutions as compulsory buyers of G-Secs delays development of a retail market for government borrowings. Resultant low returns on su...

June 27, 2023 Adieu, Goodenough! This refers to the report "Goodenough, co-inventor of Li-ion batteries passes away" (The Hindu Business Line, June 27). The Nobel Laureate's passing away deserved a wider coverage in the mainstream media, perhaps more for the statement he made eight years ago : "I am only 92; I still have time to go." No doubt, more articles will be published in the media soon and perhaps new books will be written about Goodenough this year. But what is preventing us from appreciating the life and work of achievers like this, even before they become celebrities in different circumstances? Adieu, Goodenough, you will be remembered through your contribution to science and technology. M G Warrier Mumbai

Media Response June 26, 2023 Business of banking This refers to the report "'Unsecured' loans handed out to NBFCs come under RBI scanner" (The Hindu Business Line, June 26). One, as a depositor is tempted to ask an innocent question : Who is doing real banking business? The banks which created a nationwide network after obtaining banking licences, or the various arms through which the resources mobilised by banks are dispensed as credit to the end-user? The question arises because, with the increase in the number of pass through agencies, the interest banks are able to pay for the deposits mobilised comes down and the cost of credit for the ultimate borrower goes up. The dilution in security requirements at lower tiers of the credit conduits reduces the recovery rates, cost of which again is ultimately born by the depositors or taxpayers who are not organised and therefore remain silent. M G Warrier Mumbai

Welcome To Warrier's COLLAGE On Sunday June 25, 2023 Yoga Day 🙏 June 21, 2023 Good Morning Yoga Day was observed on June 21, 2023. A report : https://www.livemint.com/news/world/international-yoga-day-2023-live-updates-yoga-pm-modi-yoga-significance-history-theme-11687308821642.html A link for few minutes standing exercises which we had demonstrated and our daughter Reshmy Warrier had recorded and uploaded @YouTube two years ago given below : https://youtu.be/q_nsKip_VLw More than 1,500 views so far. Happy viewing Happy Birthday to all readers having Birthday during the week ending Saturday July 1, 2023. Ayurarogyasaukhyam 🙏 and Best Wishes for all. Conceding to the suggestion from readers, I've tried to reduce the size of Collage. Remember this if you find something missing. Nice Day M G Warrier Collage Editorial, June 25, 2023 Forgive, but never forget* This refers to the article "The Emergency should never be forgotten" (The Hindu Business Lin...

Opinion makers have a role This refers to the report "Obama says India may 'pull apart' over minority rights" (The Hindu, June 23). Definitely, there will be an impact on the way world leaders think, if opinion makers of Obama's stature make right noises at right places. Casual observations like this to media persons will take longer time to reach right ears, and sometimes, the delay could be self-defeating. The word 'honestly' used to describe how Biden administration should discuss racial issues with Prime Minister Modi has wider implications, considering that country's approach to such issues at home and elsewhere. Having said that, one cannot ignore the possible proactive role opinion makers like Obama can play, in resolving delicate and sensitive issues involving religion and races, now resurfacing across the globe in different intensities. M G Warrier Mumbai

Forgive, but never forget* This refers to the article "The Emergency should never be forgotten" (The Hindu Business Line, June 22). Beyond the annual ritual of remembering good and bad events, this is a timely reminder to "We The People" to remain eternally vigilant, guarding the spirit of Indian Constitution. The 21 months starting with June 25, 1975 marked a period in Indian history when India existed with the citizens not being aware of what was happening to their friends and relatives, leave alone the happenings in the neighbourhood and elsewhere in the country. That's just to give an idea about what the strange animal, the Emergency was and traumatic experience we went through. We are not sure, it will not repeat, because there's not yet a vaccine that immunises against greed and thirst for power. The only safeguard is eternal vigil of the people who are magnanimous in forgiveness, but seldom forget unreasonable victimization. M G Warrier Mumbai ...

World Music Day June 21, 2023 https://www.thehindu.com/news/national/kerala/online-music-programme-on-world-music-day/article66990167.ece Know More https://www.livemint.com/news/india/world-music-day-2023-date-history-significance-wishes-and-all-you-need-to-know-11687317174399.html Happy Music Day 🎵 🎶 M G Warrier