RBI's Prudent decision and global Uncertainty

 Dear Sir,

            

              RBI Monetary policy with Great caution and lot of expectations. 

Apropos your editorial 'Unchanged Repo:a pause for expectation' (Oct3), the RBI's  recent monetary policy keeping the policy rates unchanged is nothing but an admission of the positive and negative changes affecting the economy from the national  and international dynamics seen in politics, economics, social and technology areas .While the national scenario offers political stability , favourable economic macro factors in terms of steady economic growth , benign inflationary expectations thanks to favourable  Union Budget measures particularly in containing fiscal deficit despite attractive income tax concession and GST 2.0 rationalisation aiming at massive consumption demand to boost the economic growth, the international scenario unfortunately has been highly unpredictable thanks to the geopolitical economic and social scenario thanks to the uncertainties emanating from the USA policies  basically having ripple effects on the economic front world over. All said the approach of the Reserve Bank to maintain neutral stance aiming at economic growth keeping the inflation expectation far below the minimum of 4.0% is a wonder facilitating the much needed credit growth innovative and growth oriented. The market sentiments have been kept in tune with the expectations and hope the economy continues to be in growth track as widely expected globally.        

T.V.Gopalakrishnan

Bengaluru. 

Modified version of this letter appeared in Deccan Herald dated 4th October 2025.)

Love -The Universal Force for Peace and Harmony.

                             Love – The Universal Force for Peace and Harmony

Make life lovable,  enjoyable and livable with peace, tranquility, and an awareness of its short and fragile nature, all dependent on Nature’s blessings and abundance. A change of mindset is all that is needed.

Love yourself, your family, your society, your state, your nation, other nations, the universe, humanity, all living beings, nature in its entirety—hills, rivers, mountains, oceans—and above all, love your own soul and link it to the Master Soul. There is nothing beyond love. Love alone is the unifying force that connects everything between the earth and the sun.

Life is the same for all living beings, but rational application varies. Human beings, blessed with intelligence and emotions, have misused rationality, often turning it into a source of discrimination instead of dignity, respect, and harmony. Nature, however, has retained its balance despite humanity’s arrogance, and when disturbed, it expresses fury—reminding us of the need to live in tune with it.

Religions, politics, and the lust for wealth and power have often divided humanity, breeding jealousy, hatred, and greed. These divisions have inflicted irreparable damage to peace and harmony. Yet, the Supreme Energy that sustains the universe remains unchanged, calling upon us to recognize unity in diversity.

It is time for enlightened religious heads, visionary politicians, social reformers, scientists, technocrats, environmentalists, administrators, and all right-minded people to come together. The common goal must be the welfare of all living beings, ensuring that the blessings of nature and the fruits of human knowledge are shared by every generation to come.

In the end, no one carries wealth or power—only a name, remembered briefly for one’s deeds. Let us therefore live with noble thoughts, selfless actions, and responsible leadership.

MAY Good BETIDE All People. May the Sovereign rule the earth, following the righteous path.May all beings ever attain what is good . May the Worlds be prosperous and Happy . 

(Universal Prayers Swami Yatiswaranda)

May there be peace and happiness for all.

— T.V.G. Krishnan (Personal Views)

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Bangalore Roads - A case of Social Justice

 

This refers to recent media reports on the pathetic condition of Bangalore’s roads and the daily hardships citizens endure. Provision of good roads and their upkeep is not merely an infrastructural need—it is a form of social justice. Roads are the lifelines for mobility, essential services, and economic activity, while also serving as a mirror of governance standards. Smooth, safe, and well-maintained roads make life not only comfortable but also dignified, reflecting a government’s commitment to citizens’ welfare. People miss a lot of their social, emotional, sentimental and other small small desires and  limited aspirations for want of the very essential movements in the absence of safe, comfortable and very  inevitable social visits within the city. Roads play a key role in maintaining the social connections is a ground reality which cannot be denied to them on flimsy grounds.   

The responsibility, however, cannot rest solely on the government. Citizens too must recognise their duty in avoiding / preventing hazards, potholes and damage by refraining from dumping garbage, construction debris, or unauthorised parking / violation of traffic rules that choke free movement. Civic indiscipline adds to chaos, delays, and needless suffering.

With better coordination between the administration and the public, Bangalore can have durable, quality roads. Proper governance and responsible civic behaviour can ensure optimum use of resources and prevent wastage of time, money, and effort. The man-hours lost in commuting, and the mental, physical, emotional, and financial stress citizens undergo due to poor roads, is beyond imagination—and must no longer be ignored.

Good roads ensure not only the  welfare of people but also reflect on the sensitivity of the Governance system in vogue and prove to be the best and easiest way to earn the goodwill of the people.   

 

T V G Krishnan

( personal Views)

 

Noble Man, Noble Thoughts, Noble Actions, Notable Achievements.

 

On the occasion of the Honourable Prime Minister’s 75th Birthday, I extend my heartfelt wishes for many more happy and healthy years. As a great visionary and role model—both as a leader and performer—he has consistently worked for the nation’s progress and the welfare of people everywhere.

May God bless him with strength, energy, and all resources to fast-track India’s journey towards Viksit Bharat, overcoming every obstacle and achieving the goal much ahead of 2047.

The achievements of our Prime Minister during the past 11 years, despite global and domestic challenges, remain commendable landmarks—placing him in a league of excellence by any standard.

T V G krishnan

(personal)

The need for world class PSBs.

The Need for World-Class PSBs

 India aims for Two PSBs on world top 20 list by 2047” (ET, 13 Sept), strengthening the banking system is paramount. Banks remain the strongest support system and backbone of the economy, mobilising resources and channelising them to meet domestic as well as international challenges—whether they arise from geopolitical uncertainties, currency and tariff fluctuations, or the disruptive sweep of artificial intelligence across economic activity.

Indian banks have travelled a long way, performing creditably in promoting financial inclusion, strengthening balance sheets by reducing NPAs, and empowering borrowers to become globally competitive in line with the Prime Minister’s call for Atmanirbhar Bharat.

It is now time for the system to introspect and revamp its structure, role, and performance to match the fast-changing global landscape. With the rupee gaining international recognition, digital transactions surging, and digital currencies erasing physical boundaries, Indian PSBs must think big. A possible three-tier banking model could be:

1. Banks catering to national and international requirements on a large scale.

2. Banks focused on domestic manufacturing and services.

3. Banks dedicated to agriculture, SMEs, and retail needs.

Since deposit mobilisation depends on customer service, inflation, cost of living, liquidity, safety, and returns, a specialised set of banks exclusively for household savings—including gold—can be envisaged. This could be supported by a stronger deposit guarantee scheme. Banks mobilising deposits can be a major source of finance to those who specialise in the deployment of funds. With this approach, the deposit mobilisation and customer service to depositors can have a game change in the economy ensuring optimum level of resources mobilisation of all kinds from households and others. 

Alongside two giant world-class PSBs for the global stage, such restructuring would ensure specialisation in mobilisation of resources and effective deployment of funds—helping India achieve its 2047 goal.

T V G Krishnan

( personal Views )

Faith in Administration induces Faith in Religion

 

Apropos the editorial “Faith can’t protect crumbling infra” (ET, Aug 29), what India lacks is not faith but sensitivity to safety, seriousness in providing infrastructure, and credibility to attract tourists. The greed to make easy money, particularly at religious places, thrives unchecked, with authorities often hand in glove with local goons. The experiences of tourists—domestic and foreign—at both pilgrimage and sightseeing centres are often disappointing.

Tourism has immense potential to attract FDI, generate jobs, spur investment and boost consumption. With sound physical and social infrastructure, backed by responsive governance, it can be a true driver of economic expansion.

The ongoing Trump tariff issue may even be a God-sent opportunity to intensify Atmanirbhar Bharat with renewed seriousness. Tourism development, along with safe transport, comfortable accommodation, and reliable services, can transform travel into a pleasant experience—nurturing faith, strengthening bonds, and connecting people with nature and culture.

It is time we shed complacency and act sensibly. Let us learn to be together in celebrating nature, life, and faith.

May there be Universal welfare for all Living  Beings .

T V G Krishnan.

(Personal Views).

Prime Minister - The Prime Motivator and the Most Performing Minister

 

Prime Minister – The Prime Motivator and Most Performing Minister Mr Modi. 

What India needs today, with its vast political, economic, social, and technological resources, is motivation to use them optimally and imaginatively. Honourable Prime Minister Shri Narendra Modi, as the nation’s Prime Motivator and a leader of action, has consistently infused this spirit in his Independence Day address from the Red Fort. His assurance of new measures particularly GST rationalisation by Deepavali to push economic growth and fulfil people’s aspirations adds to the hope of a happy, healthy, peaceful, and prosperous life for all citizens.

As a Great motivator, the Prime Minister has succeeded in keeping the nation’s spirit alive—urging people to Act,  Reform, Perform, and deliver despite global uncertainties, domestic challenges, and economic inhibitions. His leadership has ensured resilience, growth, and rising aspirations, setting the stage for India to dream of becoming a developed nation by 2047, when we mark 100 years of Independence.

May God bless him—always and in all ways—for his visionary leadership and his dedication to universal welfare and the progress of India.

—T. V. G. Krishnan (Personal Views)