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Nouveau riche.


 Of late ,a new class of rich are seen in India.

They are well built, tall ,dark with a terrible moustache.

They wear starched white shirts , dazzling white dhoties.a shining bracelet, a heavy gold chain , ten rings in their ten fingers  .

   They walk  with a thud, laugh with a guffaw,speak with a bash.

They  are encircled by tens of like minded lesser men.

They criss cross the town in big cars ,with a retinue following.

Now you can  easily spot them ,and identify them as appropriators of new wealth

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Incentives and Imprisonment.


Sixteen banks have collapsed in U.S.

The chiefs , who managed the affairs,were paid heavily .

They  also received incentives.

One of them ,got $17,000 , per hour ,for his efforts to file bankruptcy.

A few days back, I read that an elderly woman was robbed of her belongings.

The culprit was caught and imprisoned.

Amusing, isn’t it?

Robbery ,too,has its own ethics.

We have heard ,that class distinctions are pronounced ,in executing punishments.

But unheard of ,incentives for large scale plunder,and imprisonment for small theft.

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thoughts

Debt Recovery Tribunal Of India- Part II


DRT is the acronym of Debt recovery tribunal Of India.

It comes under the Finance Ministry.

DRT  is totally biased.

It acts  in favour of Banks and Financial Institutions.

In almost all cases , the companies arguments , however genuine, however poignant, however, serious, however matter of fact,however depressing, are  discarded by the Presiding officers.

The financial institutions emerge successful, by putting forth flimsy doctrines.

Supreme court and High courts pronounce a judgement after hearing both the parties, the petitioner and the defendant.

In DRT, they hear, but the final judgement is supportive of banks.

DRT,s should note,that

A company is  run by a Board of directors-Human beings

A bank is a body of officials.- again Human beings, not Gods

According to DRT , companies only err, banks are above mistakes.

This thought ,or preconceived notion is a very costly coordination and a baseless assumption.

The tribunal , should go into details of the case, and come out with meritorious proclamations.

Leniency over banks is condemnable.

Rashness over companies is detestable.

Tribunals should be fair and prompt in their pronouncement or decree.