Month: October 2008

Graceful Gravity.

The Reserve Bank of India, had time and again, announced One Time Settlements,to borrowers .

Non performing assets create panic to the banks.

The increase in the NPA’s, is due to the high interest rate, high power tariff, and high raw material costs.

Banks also contributed to the industrial unviability, by not sanctioning appropriate limits at the most propitious period.

Government policies are always favourable to farmers, as it has insisted the banks to waive of loans advanced to agriculturists.

Failures in the industrial sector should be analysed in three vital fronts.

1. Lack of proficiency at the managerial level.

2. Financial Institutions role in helping industries.

3.Recession unexpected.

If the first factor is pronounced , then the promoter should have to face the brunt.

When the second and third takes the foreliner , the entrepreneur is not to be blamed, as he is caught between the jaws of a wild crocodile.

Arbitrations are conductd for amicable solutions.

The Debt recovery tribunal is a body fully structured to give a competitive hearing to the defaulter, and mediate between the complainant and the customer.

The one time settlement announced by The Reserve bank Of India, is another equation to find a graceful settlement.

So far,,so good.

Let us take up the case of MR X.who is a first generation entrepreneur,.

His company became a NPA.

He accepted the settlement, put forth by the bank,according to RBI OTS.

He started his schedule,and diligently paid the instalments.

He could not make the last payment within the time frame stipulated by the Bank.

He accomplished his deal after 3 months.

A delay of three months , by X., who had remitted the majority of the amount, was deemed by the Officers as a serious and a deadly aberration.

They accepted his payment,but did not release his securities, as ,the collateral, he had given at the time of availing the loan turned out to be attractive, and of high value.

Let me come out withe the Bank’s identity.

The State Bank Of India ,is now in possession of the settlement amount, the securities and the interest accruals.

Shakespeare’s Shylock demanded a pound of flesh from Portia.

It is a milder comparison , I feel.

it would be a disgrace to Shylock ,if I try to draw parallels between him and the Officers .or rather the committee. as they call it.

Representations, pleas, and besechings of X have gone unnoticed.

He , after paying the OTS ,with a delay of just 3 months, is now bersek.

The bank is sitting pretty on this issue,, signalling a wily sneer and cheeky contempt at X .

They mercilessly deputed The Debt recovery tribunal officer to attach the property, on the eve of Deepavalli.

It was a ruthless, cruel ,condemmable implication

Are they really human?

Do they possess a heart?

What do they expect?

Mr X.is already battered by the loss his company made, tossed by the interest he has to pay, , has sold his unencumbered assets to meet the OTS,.and set sail abroad to take up an assignment to keep him going.

He has now only his shirt on .

The bank officials can rip him off . and lay him bare chested by their offensive guiles.and vehement syntax..

In spite of being in such a sordid ambience.Mr X wishes in good spirit.

May the officers tribe increase.!

May the committee flourish!

May the Bank prosper!.

Mr X, I submit my anthems to you with folded hands.

God be with you.

Tags banking and Finance.

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State Bank of India

State of bank of India, true to its name is the most statiliest of all banks.

The rapport, State bank commands in the banking sector is absolutely expensive.

The customer base it enjoys is exactly envious.

The support it extends is highly nourishing.

The wings it has spread is fully accumulative.

The integrity it propounds is totally meritorious.

The only flaw, or to use a milder word, the only fall back that I detect as a constituent of such a grand Bank ,is its merciless adherence to technicalities.

Go by the rules, Go by the regulations, Go by the formulas.nothing wrong, but try to add little life to your dry proposals.

Adding little more sugar to a delicacy will not spoil the taste, but make it mouth watering.

But adding more salt to a dish ,will have a thorough rejection.

State Bank Of India is making rigid rules further rigid, is converting easy settlements into herculean tasks, is penalising the genuine for small drawbacks, is ignoring the needy, is intimidating the true customer.

This largest bank should condescend to the smallest customer.

Each customer is important, irrespective of his financial merit.

Its balance sheet reveals , many irregularities among its dealings with its highly placed account holders.

Medium and small industries ,who have availed financial assistance, have faced debacle, because of the bank’s hesitant disbursement of loan facilities.

A bank of such stature and magnitude should act graciously and affably to the genial genres,to the law abiding folks. to the magnificently true applicants..

The authorities of State Bank of India , right from tne Chairman to the Field officer , should adapt a smothering , assuaging sensivity to the interaction with the customers, relate with the issues with rekindling inspiration ,and settle compromises with humanitarian implications.

Let they perform with renewed vigour and stupendous exuberance from this Deepavalli.

Tags Banking

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Humpty Dumpty.

Humpty Dumpty sat on a wall,

Humpty Dumpty had a great fall.

All the king’s men and horses could not put Humpty Dumpty together again.

The current economic plethora is a magnified virtuoso of this simple nursery rhyme.

U.S was in the highest pinnacle of the world’s financial repertoire., a few years back.

Today it has been pulled down ignominously, by its greedy politicians, sneeky officials , shameless business houses.

Another bank has fallen on Friday 24/Oct/2008..It is sixteenth in a row.

The Fed is totally disillusioned.

It is a defeatd Lion.

Deregulations and less scrutinisation has spelt disaster.

The rescue plan of $700 billion dollars, is not figure bound.

Global turbulence is unbeatable, leading to presumptuous decline ,unintelligible tumble, unforeseen delirium, unethical dilution.

However much the Fed and other government bodies ,of U.S , European nations , Asian countries

systematically try to set things in order, they face an ascertained failure.

A predominant inquisitiveness surfaces.

Should we keep watching the crumble with anointed piety,?

Should we list our sojourns to Nature’s recourse?

Should we remain sullen with animated devotion.?

My curious mind should be put to rest.

A pain killer , or a sleeping pill is the most essential prescription to calm down the much stirred and agitated minds ,throughout .

Prediction of deaths and serious tragedies are looming large,and keeping us in tenterhooks.

Tags Economy

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Power,Power, Power.

Power is a powerful word.

It denotes the power of the rulers.

It represents the electric supply.

It symbolises the ability .

Tamilnadu is governed by power drunk politicians.

The state goes without electricity for nearly 7 to 8 hours.

The Tamil people , once remarkable for their intellectual achievements, are now in not so envious levels.

Their skill in administration, their eloquent writings, their academic advancement , have been diffused.

They are being shepherded by the politicians and actors.

Their originality and creativity are subdued,.

They have become thick skinned.

They endure the excesses of the politicians.,without any grudge.

They bear the discomforts of being without power (electricity) for major part of the day.

Their power is not in enthusiasm, but in reconciliation.

A most sensitive race has been driven to the end of immunity .

Tags Regret.

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Black gold turns darker.

Malaysia’s palm oil is hit sharply by the recession.

CPO prices were 815ringitt on March 17/2008.

Today it is 287 ringitt (23/10/2008).

A swift and deep unexpected fall.

Malaysian economy will be hurt, by this turn of events.

Palm oil is the cheapest edible oil. which finds a ready market in Europe, America, India and China.and it is used in confectioneries, cooking, toiletries.,and soap.

The residue of the fruit,.after undergoing extraction ,is used as bio fertoliser.

Its fronds are utilised to make brooms and baskets.

The proposal of converting palm oil into bio diesel has found a favourable acceptance.,but the government is languishing on the scheme.

During the upswing in the prices, the government introduced cess, and windfall tax.

An unusual silence is prevalent among the governing authorities.,during the down trend in prics.

Along with the rise in prices, the expenses, in the form of fertiliser, pesticides,and labour ,proportionately increased.

Fertiliser which was 800 ringgits/ton in May 2007,was 1400 ringgits in June 2008.

The cost of application also doubled.

The Malaysian government was eager to share in the largess.

It did enjoy a valid accumulation of money in the form of tax..

Is it not bound to take part in the hard pressed state of affairs?

Will the malaysian Govenment now introduce a shoot up incentive to help the planter?

A responsible government should rush in to the rescue of the planters.

Amusing to note, why the planters remain dumb and deaf to the rapid down trend.?

This write up should catch the attention of the Malaysian Palm Oil Board and the concerned ministry.

Authorities , do not wait any further, represent your case in the world oil forum and bring a resurrection to this golden product.

Let you,try to bring back the sheen to Black Gold.

Let you,erase the darkness which encircles this most essential commodity of the world.

Palm oil Is every body’s oil.

Do not let the plantations suffer in detached solitiude.

Tags Economy

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Manifestation of education

Post author By meenas17
Post date October 22, 2008
2 Comments on Manifestation of education

Education aims at acquiring knowledge.

Knowledge encompasses ,learning,refinement,ethical composure.

Acquiring theoretical base is a minor part of education.

Applying practical fundamentals forms a sizable portion.

Splicing with etiquette and integrity is the most formidable function, that renders education spectacular and sonorous.

Our premieres, ministers, governors of banks, financial Secretaries ,industrial barons, company tycoons,graduated from Oxford, Cambridge, Harvard, Stanford.

These universities absorbed the best talents, and imparted best lessons.

They sent out graduates ,with excellent track records, with exemplary academic rewards,with high professional skills, with extraordinary insight,with invigorating spirit..with enhanced integrity ,and recommended ethical involvement.

These citadels of learning are far beyond the reach of the commoner.

The elites ,who had and have the fortune of undergoing training in such institutions,have added one more feather to their qualification.

What is it?,

My question , makes you wonder.

I wish to be silent,,leave it to you to find the answer, but my nagging mind forces me to be out with it.

Yes, they are superbly successful in deceiving the people.,by their wily gab,deceitful overtures,and smashing manipulative vices

They have amassed wealth, invested their fortune in no tax zones, extended their fiefdom,by purchasing lands at a throw away price, and dabbled in stock markets, turning it into a bear or a bull in no time.

Did not the reputed universities teach them moral science?

Did not the prestigious institutions instruct them to be genuine and upright in what they do?

Did not the centres of learning tell them ,that if they indulge in fradulent activities, they will be reprimanded by the almighty?

Do they not know, wealth secured by illegal means is a transgression?

How is it acceptable to draw a fat salary from a bankrupt company?

The state of bankruptcy is being authored by the same high salaried man.

He must be a wolf in a blanket.

How can we tolerate such imperial incorrigible behaviour ,when the world is being wiped over?

This attitude, go , what may, I remain what I am ,is a condemnable,callous attribute.

I deplore the educated community which is holding the reins of the economic surveillance, and human sustenance.

I am sad.

Tags Economy, pain

thoughts

A classical deceit.

Heard about a classical play, a classical recital. a classical piece of art, never about a classical deceit.

Well ,it is an oxymoron,illustrating the present economic despondency.

In the medieval era, history tells us, about, sons dethroning fathers.

In the colonial period, the British used their trading skill to gain power,and rule over most countries in the world.

The most popular saying ” the sun never sets in the British empire” is a haughty remark of the English., which made them brim with joy, but drove the rest to scorn at the English arrogance.

We are in such a similar situation, though with an altered perspective.

The economy of the world , is in the hands of the elite.

The elite community consists of the fortune companies, the intoxicating rich, the self enriched politicians,and the extra smart, over enthusiastic officials.

They form 1% of the population.

This self proclaimed leaders ,take law unto their hands,dictate terms, pass resolutions, force reforms, change policies. resort to tantrums ,to roll the machinery of governance.

If a finger is raised, they overpower the destitute with might, viles,and ttreat them as outcasts.

They distance the dissenter, banish him, and go about spoiling the boot.

99% of the people ,are treated as slaves.

The majority has no voice, no face, no roots.

Is this democracy?

Is this what our forefathers intended to perpetuate?

It is an erroneous interpretation , beyond redemption.

Humanity is being cheated.

The majority is at the mercy of the minority.

99% of the people are kneeling before 1% of the richest.

We are in a period, which is disgusting, depressing, devouring,and disenchanting.

My eyes are moist with salty tears, my mouth is full of bitter taste, my heart is heavy with hot tormenting anguish

Tags Economy

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Economy in a limbo

The world economy is frightening.

It is in the grip of morbidity.

it is fettered by greed, and conceit.

Analysis and research are barren and soundless.

Rescues and bail outs are unmeaning as a “moonlight in a day.”

Tears and pain ,creep out from the dark.

Dread, horror , panic ,dominate.

It is lifeless, eyeless,growth-less.

It is negation , clueless,rudderless.

It is a fear.

Is it a positive negation?

Is it a negative possibility?

Tags Economy

reverberation

My 100th post.

meenas17 has made the first hundred.

Don Bradman’s first 100 runs was an achievement.

So is Gavaskars’ and Tendulkars’.

The target of a first century, is a nervous, anxious, fidgety destination.

Once you are off the mark, the going attains a quick buoyancy

meenas17 has crossed this detrimental century fixture.

In its course,

It has recorded economic frequencies.

It has transcribed religious rituals.

It has firmed up on environment.

It has prescribed heath diet and simple remedies.

It has focused on community issues.

It has revelled on musical excellence.

‘It has delighted on artifacts.

It has depicted nature’s charm.

Capturing the ornate in its pristine splendour, recollecting it in repeated rhythms,nurturing it in the inner self, cradling it in the mind, bedecking it with ardent fervour ,delivering it with utmost care and devotion , is called Creation.

Creation is both dignified and intrinsic.

Creation is a responsible reverence,.

Creation is a sublime celestial authentication.

Remembering, the lines of Robert Frosts in , Stopping by the woods . is most accurate to my predicament. .

“The woods are lovely, dark and deep.

But I have promises to keep,

And miles to go before , I sleep,

And miles to go before, I sleep .

A very similar experience is awaiting me.

My venture has to be fulfilled.

My life is lovely but surrounded by infirmity and jeopardy.

I have to trespass ,crisscross, efficiently extract ,dispassionately divulge the shrouded mystery.

This 100 is an hundredth of an atom in the realms of infinity.

It is a tiny pebble , a small activity in the bustling upheaval of creation.

Tags Relish

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Grandma’s Remedies

Apple a day keeps the doctor away.

Fruits neutralise the metabolism of a body.

They add to the well being , and serve as a potential energiser.

Indigestion and flatulence .the most common ailment in modern fast food era, were cured by grandmothers with an essence of ginger, profusely nixed with honey.

Common cold , the most vibrant indisposition , was treated with the concoction of tulsi leaves and honey.

Diarrhoea was controlled by grinding the young pomegranate . The ground paste was mixed with curd , and taken thrice a day.

Bowel upsets with discharge of mucous ,supposed to be a serious infection , was taken care of by a simple technique.

Powdered sugar with ghee ,was given to the patient thrice or four times , depending on the frequency.

The result was amazing and immediate.

Incessant cough was minimised by the prescription of finely chopped onions fried in ghee,smattered with panang kalkandu.

Wheezing and asthma were subsidised by consuming a five vilva leaves with two pepper pods and a glass of hot milk taken every morning.

Oil bath every week was a great energiser. Warm oil (gingely or coconut) was applied profusely on the head, and body. After half an hour, shikakai made watery with rice boiled water ,acts as a cleanser.

The effect is wonderful. The body feels relaxed and rejuvenated. The hair looks lustrous and glowing.

The skin becomes soft and the limbs turn out to be supple and flexible.

Most illness was cured at home , with simple ingredients.

Grandmas were home doctors.

The health of the family was robust .

Doctors were consulted only during serious ailments.

Health was preserved with home remedies,