Category: turmoil

Categories
Economy subscriptions thoughts

A Breathtaking Rise.


Indian Share market had an astonishing recovery on 18/May/2009.It was not a mere jump, but a high jump which baffled Olympic winners who set new records. It is an all time wish that this high jump should also embrace the long jump . They should go hand in hand,The  high and the long should supplement and complement each other. Sustenance , should be vitalised.Nevertheless ,the escalation alone would presume a slithering showcase.  

The markets were closed ,as the entirety was dumbfounding. There was mirth and joy, thudding and thumping, revelling and rejoicing.A trader , who had stocks worth 25 lakhs, a year ago , saw them tumble  gradually to the level of ten lakhs. The ten lakh status was more or less maintained, just oscillating between  nine and eleven lakhs. On Monday , there  was a speedy spurt. It rose to 15 lakhs. The trader , who was downcast all these months , had a seducing satisfaction.

A stable government has brought this cheer. Stability, includes, steadfastness ,continuance,constancy and character of purpose.The election mandate has brought with it a sincere companion , that of stability.

This firm  exposition to disintegration is a value added product. This consistency is a predominant quality ,a precursor to economic progression. The progression will not be constrained to arithmetic enlargement  but push in a geometric extension.!8/May/2009 , marked a sign of reverse trend in the market. The almost static, a depleting market showed significant advance.It  was a  remarkable rejoinder to the  election manifestation.

The spread of gloom got dissipated giving way to a blooming evaluation.A knock of cheer and a click of gaiety , cloaked the country. 19/May/2009, dawned with an expectation of a sensitive trend. The carry on was evenly poised and equally eased. The long timers , gained momentum. The outsourcers saw a slip. The rupee also  has started its forward march, Gold ,sharpened its glittering with a marginal rise. Wedding season is on the calendar . The Indian craze for the shining yellow metal will be fine tuned.Silver is walking close with its sibling. Crude ,the  country cousin of these precious metals, is making waves..

The mid half of 2009, augurs well, with steep climb in stocks . Economy is , straightening up.Industry has to take a headway plunge into the well being. Unemployment will  in course of time diffuse like morning dew. Real estate , which perceived  a sluggish slump .will peep out  and espy greener pastures.

Looking from all directions, I am able to conclude that  franchise, or putting it rudely ,the vote of the  poor man has reinforced prosperity. The politician ,should understand the value of the rights, should deliver good to the  people ,who have voted him to power,and stop seeking personal gains.

The whole system seems to be extremely paradoxical . The methodology exhibits severe irony. The game of scapegoatism should be halted. The mobility of simple faith , blind trust and ignorant entreaties should not be misconstrued. A plain sheet of transparent governance should be the motto of the Congress led Government.

Categories
Economy subscriptions thoughts

The State Bank Of India-Vague Competency.


My alignment to the stateliest bank is so thick and firmly bound. It is something of a  ranting.,as . I indulge  in decrying the demerits of the erstwhile Imperial bank.The affliction has percolated so profoundly, that however much , I try to take this issue out of mind, it keeps on lurking , and disallows me to lie quiet.

The thought may seem to be a little odd, but I perpetuate it to safeguard potential customers to be doubly careful in their requisition for loan, and extremely cautious in tending col laterals. This Bank is a dangerous  institution , when it comes  to  mortgages.It is manned by officials ,who are inhuman, inconsiderate, and pose a falsification ,as though they are busy all through the year. A casual look at the interiors and close view of the premises during the office hours , give a most different portrayal. There is a rush in the lifts, denoting heavy traffic, with office sub staff , running up and down with beverages, and snacks. The staff loiter around , taking a few papers in their hand , pretending to be terribly busy. The higher ups are engaged in telephonic conversations , as though they are sealing the fate of the nation.All these happen in the background of gentle banter.

Their actual work amongst these pretensions look very incompetent , insufficient and not well informed. Their appraisal is filled with inadequate listings, distorted factual, Their response  is bombastic ,but bear no meaning,. Their reaction is pompous but unrelated to reality. Their conclusion is imperious , but totally detached from truth. Their averments are exclusive but exclude veracity. Their action is tardy, but  holds the neck tight. Their speech is kind , but  brings no help. They say they  go by rule, but there is no legality in their moves. They insist on codes , but they follow no such conduct. Their competency is vague, short of standard valuation.

The substandard evaluation of State bank Of India .in most cases , have driven their customers to unexpected extremes and unwanted hardships.

The greater be the  stature ,you   experiences more pain if  you tumble. If a cat slips , it gets up and leaps ahead without any injury. Imagine the plight of the elephant. Its fall is unbelievable and the injury has to be attended to with great care. So State bank of India has to reform its ways and reprimand its officials, to save itself from the plunge.

Categories
subscriptions thoughts turmoil

U.S. -Double Faced.


The fraility and the frigidity of  United States Of America , are well exposed in their stand towards Sri Lanka and Afghanistan,the most troubled centres in Asia.It holds a restraint and speaks out on moral grounds on the casualties of human lives. But tends an apology on the air strikes in Afghanistan , killing hundreds of innocent children, men and women.

Why this double standard?The Afghan government is well equipped , has well trained army ,and has an evasive knowledge of the internal crisis. It can well take care of itself , without the western interference.The Afghan President , Hamid Karzai, got the recognition without the western opprobrium.  

Obama should evolve an exit strategy from Afghanistan.Air strikes ,warfare and in fights are not the solution for the elimination of Taliban.Afghanistan, is a conglomerate of tribal. Negotiating , is the best principle  to wade off terrorism. The Taliban , are estranged from society, have taken a deviated digression from normalcy, have taken up cudgels against innocence, in their claim for supremacy. A patient approach, an attentive hearing, and a slight lenience will bring about the much awaited peace and goodwill.

U. S should hasten to pack its bags from Afghan and maintain a diplomatic ,ethical ,non interfering attitude .This will definitely improve the scenario and restore normalcy.

Categories
Economy subscriptions thoughts

The State Bank Of India – Connived Transparency.


Transparency in bank transactions is an high valued ethic. Any deal, whatsoever , should be governed by prescribed norms. It should undergo a thorough scrutiny . It must have a framed disclosure.It should lead to no digressions,  contain no ill conceived schemes,  consist no antithetical disbursement,  hold no prejudice ,   endeavour no underhand dealings and carry no unsolicited interpretations.

Such a constitution is an  existential  curiosity. A news clipping came out with a statistical data, that Banks in New zealand score high in the tranparent  category. They are resounding in integrity, and successful in emulating affability. The ir score is 14.

India ranks the lowest , with the score of 2. My bank , the largest in Asia , The State Bank of India,will be conferred a big zero.The attaining of Zero is a confirmed prologue,as the real value  of the bank vanishes  when it comes to the argument of transparency.

Transparency is an effective tool in tackling financial exclusion.Full disclosure identifies ,who the banks are reaching, and who are excluded.It also throws light on how the savings and resources are being invested,It provides opportunity to understand market trends and refine products  and services to serve local markets.It enables to  compare the performance  in a verifiable way, so as to  reward top performers and penalise those who fall short. 

Transparency , obviously ,is the basis of greater openness,and shared information that can facilitate,working partnership between banks and alternative lenders.Disclosures ,should include declined applications,pattern of usage, account dormancy,and should have a consistent presentation.Rendition of truth, compilation of facts should take the prerogative in the transparent disclosures.  A small business should be allotted the same  treatment as that of a large one. size  should not take the upper hand. The requirement, the necessity, the prospect of repayment should have a controlling effect. But , State bank Of India , has its own principles , stuck all through the decades,. They have  never changed, never been  modified , never altered . State bank  puts to embarrassment the real,genuine entity, but  worships the treacherous , insincere leviathans..

Its serpentine attitude  is vicious. Its foxiness is scandalous. Its bearish impudence is preposterous. Its cattish conceit is ravenous. Its elephantine resemblance is incredulous.

The conniving bureaucracy prevailing in State Bank of India , impose a demeaning, derogatory,  discomfiture.

Categories
Economy subscriptions thoughts

Wage Cut


The economy is re bouncing. Dow jumps. The soaring of share in dices is spectacular. The recession is slowly fading.  These sentiments send signals of happiness. There is a  spread of warmth and submissive look up.

The other side of the coin presents a grim, glum   efficacy. There is a predominant wage reduction in all segments ,and in all countries over the world. Wage cut does not impress a robust economy. When the going is good , there will not be any thought to scale down the pay. As  the administration envisages a shrink in its profit, it tightens its purse. Employees , do not shift jobs or retort against the down scaling ,for fear of not finding a suitable opportunity. This again  tells us about  the weak economy.

The slimmer pay packets bring wih them another baggage of woe. The mortgage  crisis falls heavily on the shoulders.Less pay indicates difficulty to pay  interest, which at  anyday will not go down.  Saving becomes a remote possibility ,as there is cut in wages.. Spending also loses its glamour , as there is no or less money in hand.. The chain of vicious sequences, right from wage cut, mortagage , saving , spending , illustrate the regiment we are in.  

The economy will be levelled before this year is out. This is the prevelant hope .But the thorn in the bush is the rising unemployment. Stabilising the economy is a welcome step indeed. But ,creating jobs , is most imminent , to resurrect  the dangling economy. If this not given acute attention, then there is all pssibility of the economy taking a reverse course.

Nations should direct their steps to stimulate the economy, by augmenting jobs, by diffusing stagnation and arresting deflation.

Categories
subscriptions thoughts turmoil

Abusing Society.


A society  is a group of humans.It is an economic, social, industrial infrastructure made up of a varied multitude of individuals.There is a subtle difference between society and culture.. Society is a disciplined arrangement of social relations, while culture is made up of beliefs and symbolic forms.

The distinction  in various  classes of  society, the disharmony in behaviour of  a different strata of society , that of the powerful and the powerless, rich and the poor, the discrimination of old and young, the alienation of the physically challenged  pose an abusive threat to society.

A  news clipping of a Passport issuing officer’s misuse of  her authority is amazing and nauseating at the same time.. She makes Rs  5millionper month ,by issuing emergency passports under the Tatkal scheme,  forming a nexus with a travel agent . She runs a parallel office in her home.The  CEO is  her husband, a nephew, of a Minister.This reflects the abuse of bureaucracy.

The next issue ,is the arrest of the former chairman of a nationalised bank, for sanctioning a loan to the most undeserving customer. The Chairman, it is rumoured acted on the behest of a powerful politician, now dead.It is an incident of a  thorough misuse of the high office

 The third episode is a most interesting. The highly melodramatic event stunt is the fasting schedule of the Chief Minister of Tamilnadu. He motored to the Marina , in the early hours , was wheeled to the portals of the Anna Samadhi. There was hushed buzz and a swished bustle. He was followed by his wife, his mistress, his paramour, his daughters, sons and nephews, along withe the batch of officials , all assembling at the wee hours , as the Chief minister is to undertake  fast against the military excess of the Sri Lankan government. A cosy cot was rolled over, and the Chief minister was placed in the bed, with his near and dear ones hovering over him. News flashed all over the state. His party men made similar feat in all major cities and towns. Television channels brought live relay  and in a matter of six hours , the chief minister has ended his fast, as the Central government prevailed over its counterpart to stop the war.What a colossal waste of money, time , energy and  abuse of administrative machinery .This is an outrageous attempt to brandish the super power wrested on the Chief Minister.

These are the most recent incidents that created a cumbersome apprehension  and a strangling evidence  that mar the society, corrupt the mind and disenchant the society .

  

Categories
subscriptions thoughts turmoil

Hunger


Without food,

Without water,

Without clothes,

Are visible forms of hunger,

Without learning,

Without love,

Without kindness,

Are abstract designs of hunger.

Without hope,

Without faith,

Without belief ,

Are celestial nodes of hunger.

The  physical  rectitude of hunger , is the most cruelest of all   forms.  Many millions  of our co habit-ants go without food. They look so famished, so thin, so ghastly with sunken eyes, and protruding bellies. Their body is a bag of bones, so skinny , that all the nerves and bones present an exposition , horrible and horrendous. They lie with meagre clothes on, in a makeshift hut,  on a lowly torn rug .Discerning  such pathetic morbidity wrench the heart .

Hunger  is a vicious  pronouncement.How to eradicate this harsh futility?A determination  definite,a  serenity firm ,a predicament resolute should be taken up to wipe off this injustice. Gross miscalculations by nature is one of the factors that  go in to bring this heinous misery. Certain parts of Africa , are arid deserts, with no water, no vegetation , no replenishing precepts. The  passionate emotive representation of poverty and hunger in these areas drive us to the verge of collapse. If  mere perception pursues us to such a step, the actual experience  by the people in the sinful seclude will deliver a gruesome conclusion. Most die out of want of food. They resort to the  extremes of eating sand and whatever comes in their way to quell their hunger.

The other vital fact , is the selfish motto’s that most of us unconsciously nurture.  We think of ourselves, our well being, our comforts, and  concentrate in our proposals to gain popularity and prosperity. A little signal of courtesy, a significant touch of kindness, a noble attitude to share our meal with the less fortunate will  make things even, will promote poise and will figure a graceful suppression of  hunger . This  invaluable contribution to society  of  weeding hunger out of the world is the worthy philanthropical procedure .

Building temples was a noted front runner to charitable deeds , a few decades back. Setting up schools . colleges and universities are the present trendsetters in promoting charitable causes. Providing food to all , is the most imminent commision of  the day, a synagogue neceessary to receive  this blessed bounty .

 

 

 

 

Categories
Economy subscriptions thoughts

State Bank Of India -High And Dry


The influence of State bank Of India , though for negative reasons, is so deep , that I am finding it difficult to wean away from it.

Royalty brings with it grandeur. Massive enormity forces us to give respect. Extensive reach enables us to admire. The core activities make us realise the vitality. The powerful interaction leads us to ease. The flow of wealth renders us awestruck. This is the normal consequence of anything true and great.

State bank Of India , to many like me , presents a not too  affable experience and an infuriating reminiscence. The attitude towards the constituents is animosity. The sanction of loan is subjected to unusual tardiness. The facilities are split, broken , and delivered in fragments. The assurance from the customer is verified, , crosschecked , scrutinised umpteen times. But their confirmation , is a dangling dilemma, concurring to the notifications.They take much, but disburse little. While processing the loan,they  pose to perform undue  caution, enacting lot of fuss, impelling extra stress .

Gaining entry into the portals . is a strain irrespective of merit and genuinity. I took pride ,when I became a constituent of State bank Of India , twenty years back. But , I regretted  this step  , after a few months of my dealings. The  accessibility was so difficult. Every small references has to be sent to the Local head office. The Branch , the Regional Offices are a dummy existence. A wholesome expense is met in maintaining such inert offices which are under spineless officials, who  find safe hideout in the omnipotent Local Head office.

The General Managers ,  are tied up  with issues , that they are hard pressed for time. The Presidents and Prime Ministers, of nations, meet people, hear their grievance , in the midst of heavy schedule. The high up officials  of this bank , have no free time to  lift their head to acknowledge a person. Such is their busy work out.  It seems that tough programmes enforced to take major policy decisions  make them unapproachable.These pretensions are amusing

 In places , of worship, in venues of  exhibitions , in areas of public meetings, the entry is difficult but the exit will be easy . But, in State Bank, getting into it is tedious. Getting out is alarmingly painful . The strength , the valour, the tolerance, the  money , all get sucked up . The customer is a skeleton of his self , both physically and in spirit.

  Gandhiji  has said, that for any business to thrive the customer is important.It is the other way round in State bank Of India.

 

Categories
Economy subscriptions thoughts

State Bank Of India’s Pathology


 

My nineteen years interaction with The State Bank Of India , prompts me to do a research on its abnormal behaviour. The structural pattern of the  bank , may look extremely  solid  and very strong, but in actuality is full of  eccentric porous  and very weak. The functional procedures ,may appear grand and highly disciplined, but in reality is flippant and extravagantly  chaotic.

Pathology is a medical speciality.It consists of anatomical ,clinical, forensic, veterinary, and plant studies.The pathologists are physicians ,who diagnose and characterize disease in living patients by examining biopsies or body fluids.

State Bank’s pathology  is a financial speciality. It considers the credit worthiness, background ,requirement, potentiality .  capacity of the creditor. The appraisal officer , conducts a thorough survey of the intricate details and ratifies the proposal.This is the original worksheet and a normal spread out of any financial institution  But  State Bank has its own formulas. Anomalies and  infringements creep in. The financial pathology undergoes a change. The identities reveal a catch. There is no thumb rule, in extending loan.The extension is lengthened  to high flung industrialist. The limit is curtailed to humble upcoming entrepreneur. The imposition of regulations vary according to specific norms ,formatted by the Committee.  No official takes up the responsibility for the alarming discrepancies.  They place  the claim  on the committee.This proves to be a peculiar significance.

What is a committee? It is basically a group of people officially delegated to perform a function , such as investigating,considering, reporting  or acting on a matter.The committee has on board ,human beings  with life and blood. It does not comprise of demigods, who descend from the other world,who are unaware of the idiosyncrasies of the commercial and industrial genre.Unfortunately , the Committee behaves in a quixotic manner , completely irrelevant to the day to day progressions. It also succumbs to pressure and acts  in a perplexing autocratic deviation

.Medical pathology facilitates treatment , by making a serious attempt to acquire knowledge  related to human disease.

State Bank Of India’s  pathology obstructs  prosperity  by creating a series of harassment  to diffuse  stoicism  leading  to cutomer’s  extinction.

Categories
Economy subscriptions thoughts

State Bank Of India’s Lexicon


Compiling  a wordbook is a tremendous task. A lexicon consists of the vocabulary of a particular language, persons,field, social class,etc. State bank Of India , has formatted a beautiful glossary of terms pregnant with meanings , connotations and latent inferences , which could be understood only by its officers. The interpretation of the terms are entirely  mind blowing . Never would have anybody , with the reasonable level of education, and a rational degree  of comprehension , accept the indications of the reputed bank’s presentation, nor would have thought or more so dreamt of the definitions of certain common phrases and terminologies.

The experience , I  am having with this presitigious bank , would make anyone spellbound and speechless. Such are the whims and fancies of the officials. A two and half a year back , I got a statement from the branch , of which I am a constituent, that there is no due in my  company’s loan account. This , unobtrusively , I procured to finalise my company’ s balance sheet. Well, the job was done .  The filing of returns and other routione check ups were accomplished by my auditors.So far , so fine.

The gigantic Bank , the biggest in Asia, came with a powerful thunderbolt . almost as massive as its size, calling me to pay further amount, a lumpsum , saying I have not repaid to the ” Full satisfaction ” of the Bank.The penetration has created a dent in my complacence. I fumed ,I shook in  anger.What is their intention?What do they want from me?More money, more money. more money.Where to get? How to get?Why should I pay?. My ramifications  have fallen into deaf ears.This is a typical illustration of their inventory of words. Many more  are there to prove my point, but I restrain myself from exhibiting this one vital concordance.

The lexicon of State Bank Of India,is a worthy contribution to society in general and to the financial institutions in particular. The dictionary is an asset to the world.It should find a place in every library .

Kudos to State Bank Of India .

Long Live the Officials.

May their tribe increase.

God be with them