Live and Let Live. Let us make the whole Universe Vasudaiva Kutumbakam

 

Live and Let Live. Let us make the whole Universe Vasudaiva Kutumbakam

We often fail to value what Nature gives us freely—space, air, water, light,  Fire and the very energy of life. Instead, we chase comfort, wealth, and power, creating divisions and losing the true joy of living.

Despite hardships like poverty, illness, and injustice, people remain highly optimistic continue to  live with hope and resilience. This itself reflects a deeper strength within humanity. Yet, much of the suffering we see today is man-made—driven by greed, ego, anger, hatred, wars and endless desires of all kinds . History of nations and the the civilisations definitely convince and vouch for the fact that wars and actions in Hatred have brought only destruction of all kinds and have not favoured with any tangible and enduring benefits either to the winners or  to the losers of war. The result is a missed opportunity to enjoy the ecstacy of Life and all its positive thrills. 

While technology advances rapidly, peace and contentment seem to decline. Society remains divided by religion, language, and beliefs, making harmony difficult.

We forget a simple truth: nothing material lasts forever. Nature , the ultimate provider of energy  alone to sustain Life  is eternal.

If we respect Nature, care for one another, and adopt a spirit of “live and let live,” life can become more meaningful and peaceful.Will the Human being having the rational thinking ability show wisdom and maturity to make the world a welfare centre .

The change we seek is not outside—it begins within us.

May Vasudaiva Kutumbakam  be an achievable reality with the grace of almighty . 

 Samastha Loka Sukhino Bhavanthu. 

T V G Krishnan

(personal Views)

Market Theory to tackle inflation.

 Market's own Theory to Tackle Inflation

Economic policy in India is shaped by the Government of India through fiscal measures and by the Reserve Bank of India through monetary policy. These policies aim to promote economic growth, generate and distribute wealth equitably, maintain price stability, and ensure a dignified quality of life for citizens.

In design, these policies are comprehensive and appealing. They reflect the aspirations of policymakers, economists, social reformers, and technocrats alike, supported by data-driven systems intended to ensure transparency, efficiency, and accountability.

However, the challenge lies not in policy formulation, but in implementation.

The Missing Link: Ground Reality

Beyond formal policy frameworks exists a vast and complex informal market system. Administrative inefficiencies, procedural delays, and weak enforcement often distort the intended impact of policies. As a result, the benefits that appear robust in theory frequently become diluted in practice.

This creates a disconnect between:

• Official economic policy, and

• Actual market behaviour

In many cases, policies risk becoming academic exercises, with limited real-world effectiveness.

How Markets Actually Respond to Inflation

At the grassroots level, small vendors, traders, transport operators, and service providers evolve their own mechanisms to cope with rising costs and systemic pressures. These include:

1. Quantity Adjustments

Prices are held constant, but quantities are reduced—smaller portions, fewer add-ons.
This is a subtle and widely accepted form of inflation.

2. Quality Adjustments

Inputs or service quality may be marginally lowered to maintain affordability.

3. Informal Pricing Practices

Prices are determined dynamically, factoring in:

• Input costs

• Unofficial payments

• Customer affordability

These decisions are intuitive, experience-based, and often more agile than formal models.

4. Weights and Measures Flexibility

Slight deviations in quantity are used as a buffer against cost increases. While questionable, such practices are often seen as survival strategies.

5. Embedded Corruption Costs

Informal payments at various stages—production, transport, licensing, and retail—become part of the cost structure. These are indirectly passed on to consumers.

A Parallel Economic Reality

These practices point to the existence of a parallel economic logic—one that operates independently of formal financial systems. The theories and data used by policymakers often fail to capture this layer, making inflation appear more controlled than it actually is at the consumer level.

In effect:

• Formal policy aims to control inflation

• Informal markets adapt to survive

The Larger Concern

While these adaptive practices demonstrate resilience and ingenuity, they also:

• Reduce transparency

• Distort price signals

• Shift hidden costs to consumers

• Undermine trust in systems

Ultimately, both producers and consumers—often from the same socio-economic strata—bear the burden.

The Way Forward

To make inflation control truly effective:

• Incorporate informal sector realities into policy thinking

• Reduce administrative and corruption-related frictions at the grassroots

• Simplify compliance systems to encourage genuine participation

• Strengthen last-mile governance to ensure policy outcomes match intent

Conclusion

There are, in effect, two parallel economies—formal and informal—each with its own methods of managing inflation. While the informal system is adaptive and resilient, it often neutralizes the intended impact of formal policy.

Bridging this gap is essential. Without aligning policy design with ground realities, even the most well-conceived economic strategies risk remaining effective only on paper.

When authorities ignore the sensitivity of public concerns, markets tend to self-correct inflationary pressures in invisible ways. This can create a dangerous illusion of invincibility for policymakers, who may wrongly attribute these adjustments to the effectiveness of their own actions.In the long run, such an illusion of invincibility can prove deeply damaging. When authorities begin to mistake market-driven adjustments for policy success, it breeds complacency, delays necessary interventions, and weakens institutional credibility. The costs of this disconnect are eventually borne by the very people whose concerns were overlooked—often in the form of sharper inflationary shocks, reduced purchasing power, and erosion of trust in governance. It is therefore imperative that policymakers remain continuously sensitive and responsive to public realities, recognising that markets may adapt silently, but they do not absolve authorities of their responsibility to act with foresight, accountability, and empathy.

Loka Samastha Sukhino Bhavanthu. May there be very noble thoughts and actions from all Institutions and Individuals to ensure welfare for all in all respects.

T V G Krishnan

(personal Views).

Systemic Decline and the Urgent Need for Institutional Reform

 

The recent resignation of the Chairman of HDFC Bank citing concerns over practices not aligned with his personal values is not an isolated incident. It is symptomatic of a deeper malaise affecting both public and private institutions across the country.

Increasingly, institutions—whether in banking, corporate sectors, real estate, healthcare, or public administration—are falling short of their potential. Governance, accountability, and ethical standards appear to be eroding, often replaced by opacity, complacency, and profit-driven motives at the cost of public interest.

The banking system, in particular, raises troubling questions. Depositors, who are the backbone of financial stability, often end up subsidising defaulters. Real interest rates frequently fail to beat inflation, effectively eroding savings. Service standards—especially in public sector banks—remain suboptimal, while transparency in accounting is often compromised through practices like window dressing.

Corporate functioning too reflects similar concerns. Excessive costs, inefficiencies, and even luxuries are passed on to consumers through higher prices and service charges. Fraudulent practices involving well-placed individuals continue to surface, and mis-selling persists despite regulatory oversight, with little accountability.

The judicial system, though foundational to democracy, is burdened by delays that stretch over decades. Justice delayed not only weakens faith in institutions but often results in justice denied in substance, even if delivered in form.

Equally alarming is the state of public infrastructure and civic discipline. Roads are encroached upon, misused, and poorly maintained. Unauthorised activities, haphazard parking, unsafe traffic practices, and disregard for basic civic norms reflect a broader societal indifference to order and governance. These are not merely administrative failures—they are collective failures.

Healthcare, a sector expected to embody compassion, is increasingly perceived as commercialised. Patients often encounter administrative processes driven more by financial considerations than medical urgency. Reports of unnecessary tests, cost escalation linked to insurance coverage, and lack of empathy raise serious ethical concerns. The erosion of trust in this sector is particularly damaging, as it strikes at the core of human dignity and care.

What emerges is a pattern—an erosion of values across systems. Efficiency is compromised, accountability is diluted, and human sensitivity is often absent. The cumulative loss in productivity, time, and national resources is enormous and unsustainable.

The need of the hour is not incremental change but systemic reform. Administrative systems must be overhauled to improve efficiency, transparency, and accountability. Technology, including artificial intelligence, must be leveraged not as a buzzword but as a tool for real governance transformation. Equally important is a shift in mindset—from complacency and delay to urgency and responsibility.

Time is a critical national resource. Its misuse reflects not just inefficiency but a lack of respect for the nation’s potential. Optimising the use of human, financial, and natural resources is not optional—it is imperative.

The moment calls for introspection—not just by institutions, but by all stakeholders. Without decisive action, the gap between aspiration and reality will continue to widen.

TVG Krishnan

(personal views)

Corruption, Corrupt Practices and Erosion of Public Trust

 Corruption, Corrupt Practices  and the Erosion of Public Trust

“Have a heart that never hardens, and a temper that never tires, and a touch that never hurts.” — Charles Dickens

Corruption is not just an economic issue; it is a moral and institutional crisis. It damages the nation’s image, weakens the economy, and discourages citizens from giving their best toward collective progress. When honesty is penalised and wrongdoing goes unpunished, the very spirit of society begins to erode.

India possesses immense human and natural resources, along with a deep-rooted tradition of values and ethical thought. Yet these strengths are undermined when corruption becomes embedded in systems and practices. The gap between what we profess and what we practise continues to widen.

The three pillars of governance—legislature, judiciary, and executive—each have a critical role. While laws are framed and justice is interpreted, it is the executive that directly impacts everyday life. Weak implementation, delays, and misuse of authority often create fertile ground for corrupt practices, even within well-intentioned policies.

This reality is evident across sectors. In education, merit is frequently overshadowed by opaque processes. In taxation, complexity encourages evasion and manipulation. Administrative mechanisms, instead of simplifying life, sometimes become sources of delay and harassment. Even regulatory frameworks meant to ensure transparency can, in practice, enable rent-seeking.

The greatest burden falls on honest and law-abiding citizens. They face obstacles, while those willing to bypass rules often succeed. This inversion of values breeds frustration, erodes trust in institutions, and normalises corruption.

Addressing this challenge requires more than moral exhortation. It calls for transparent systems, strict accountability, and consistent enforcement. Institutions must not only function efficiently but also uphold the principles they represent.

The words of Charles Dickens remain a timeless guide. Governance must be anchored in integrity, fairness, and a genuine commitment to public welfare. Without these, progress will remain fragile and incomplete.

People by and large are good, sober ,  god fearing,   strongly believing in  coexistence, possibly  adhering to all values and ethics in general and having  very optimistic aspirations to lead a life of dignity and see the country growing fast and the most developed one by 2047. The governance system needs to be encouraging and all supportive in letter and spirit.  

Loka Samastha Sukhino Bhavanthu.

T V G Krishnan

(personal Views).

NEED FOR CLARITY AND REASSURANCE IN PUBLIC INTEREST.

 he

The reported resignation of the Chairman of a leading private sector bank, citing concerns that certain practices were “not in congruence” with his personal values and ethics, merits careful and balanced attention from the Authorities concerned. Such a statement, coming from a person at the helm, naturally raises questions in the minds of stakeholders, particularly when Trust forms the very foundation of banking.

While the institution concerned has, over decades, built a strong reputation for stability, soundness, and professionalism, developments of this nature cannot be viewed lightly. At the same time, it is equally important to avoid speculation or premature conclusions that may unnecessarily unsettle depositors, investors, and employees.

In this context, it would be appropriate for the concerned authorities and the bank’s board to examine the matter with due diligence and provide necessary clarity. Transparent communication, wherever required, will go a long way in reinforcing public confidence and ensuring that the institution continues to function in a manner that upholds the highest standards of governance and accountability.

Banks occupy a unique and sensitive position in the economy, dealing as they do with public funds and trust. Any perception of divergence from established ethical and professional norms, even if only apparent, deserves timely attention and reassurance in the larger public interest.

The need of the hour is to enhance TRUST and CREDIBILITY in all Institutions particularly those engaged in  dealing with Money and Human resources and top management of such  Institutions and the Governance Standards need to be sensitive,  effective and meaningful .     

 T V Gopalakrishnan

(personal Views)

(Money Life has published this comment on 20/3/26 ). 

War, Oil, and the need for Mature Leadership

 Dear Sir,

                                  War , Oil and the need for Mature Leadership

Apropos your editorial “Oil Prices: Fuel to Put a Stop to War” (ET, March 10), the reality is that as long as war continues to occupy the minds of some leaders as a convenient solution to problems created by human actions, geopolitical tensions will persist and meaningful solutions will remain elusive.

Immature thinking and mindless actions, often taken without understanding the enormous human suffering caused by conflict, continue to destabilise the global order. Weak governance standards, rapid technological changes without adequate humanitarian considerations, and the irresponsible use of social media to spread unexamined opinions only aggravate existing tensions. Such developments can disrupt the movement of essential goods and services, disturb economic stability, and undermine the peaceful coexistence necessary for societal progress.

The consequences are already visible—rising inflation, shortages of essential commodities, and the exploitation of economic, social and political instability by vested interests. Without a conscious effort to prioritise peace and cooperation, these trends may well become the defining feature of our times.

What the world urgently needs is mature leadership. Nations must engage in sincere dialogue, interact constructively and arrive at workable solutions that prioritise peace, security and human welfare. The objective should be to create an environment that allows societies to progress while respecting the ethical and humanitarian values common to all religions and cultures.

War only brings destruction and suffering. The global community must instead strive for cooperation, wisdom and restraint to ensure a stable and humane future for all.

T.V.G Krishnan

( Letter Sent to ET )

Institutions Must Act with Conscience -Not Convenience RESTORE TRUST IN ALL INSTITUTIONS.

 Institutions Must Act With Conscience—Not Convenience RESTORE TRUST IN ALL INSTITUTIONS.

The recent observations of the Supreme Court of India on the functioning of the Real Estate Regulatory Authority (RERA) are not just a comment on one sector—they are a warning to all institutions, public and private. They remind us that accountability cannot be optional and that conscience cannot be selective.

Let us speak plainly. A system that bends before money, influence, and power cannot deliver justice. When laws are twisted, delayed, or diluted to suit the influential, institutions lose their legitimacy. Corruption is no longer an exception—it is becoming a tolerated practice. This must stop.

Our civilisational values, reflected in Sanatan Dharma, place truth, duty, and righteousness at the centre of life. Institutions too must live by these values. Their purpose is not to serve the powerful, but to protect the ordinary citizen and uphold fairness.

The resilience of the common citizen is extraordinary—but it must not be exploited. People cannot be expected to carry the burden of institutional failure while a few benefit from manipulation and privilege. Every delay in justice, every act of negligence, and every misuse of authority directly harms public trust.

India’s aspiration of a Viksit Bharat will remain only a slogan unless institutions act with integrity, courage, and clarity of purpose. Laws and structures already exist. What is missing is honest implementation and moral responsibility.

The call now is clear and urgent:

• Institutions must function in letter and spirit—not selectively
  
  

• Regulators must regulate without fear or favour
  
  

• Authorities must act with transparency and accountability
  
  

• Private entities must remember their social responsibility, not just profit

• All Professionals Associated with Institutions must deliver adhering to the Ethics and Values in letter and spirit.

• The performance of all Housing and Estate related Institutions should be assessed and certified by RERA and ensure that they have ensured and adhered to all statutory and other requirements in letter and spirit.
  
  

This is not merely administrative reform—it is a moral responsibility.

Those entrusted with authority must introspect and act now. The nation does not need more promises; it needs principled action. When institutions act with conscience and commitment, justice will prevail, trust will be restored, and the vision of national progress will become a lived reality for every citizen.Institutions should learn to earn respect, regards, goodwill and trust through dedicated , committed service with skill knowledge and understanding of Institution's , Vision and Mission, role and responsibility aligning well with Nation's dream of realisation of Viksit Bharat by the year 2047.Each and every Institution's performance should be subject to evaluation and rating based on their performance and contributions to the nation's economic progress based on well meaning and achievable parameters even by adopting Artificial Intelligence in all areas of delivery of goods and services.

Sarve Jana Sukhino Bhavanthu.

Dr T V G Krishnan

(Personal Views)