The need to have better behaviour of public in public places

Very well written editorial. Indians have literacy, education , money and many have good exposure to  modern living standards, decency, decorum to  be maintained in public places etc, but the way they behave and conduct themselves in public places leaves much to be desired. One can easily make out Indian crowd in any International Airports, Restauranrants, public places like zoo, museum or cricket or football grounds from their conduct, behaviour and discipline. Unfortunately there is a tendency to outsmart the others whether required or not when they are in a queue in a cenema hall, restaurantor railway counters etc.The tendency to vioalate the rules is a thrill and they never miss any opportunity. In roads, they are not seeing the traffic signals but they are seeing whether there is a policeman. If Police man is there, they by and large observe the traffic signals but the moment policeman is off, violations are  very common and they become the rule rather than an exception. Even in malls, they have no patience to stand in the queue to pay their bills and one can see lot of quarrels on this issue. Those who care a little to follow the rules and try to behave decently turn out to be fools, suffer and get frustrated. The latest incident in the Zoo is really unfortunate and the behavious of the masses in Indian Zoo is very pathetic as animals are being tortured by throwing stones, bottles and whhat not. Recently, I happened to vist a zoo in Texas, USA, and it was a pleasure to watch the crowd and their behaviour than the animals and the birds in the zoo. One always feels sorry when one recalls the experiences in our Zoos in india. Time our curriculum in schools and colleges includes some special lessons on public behaviour,etiqutte and manners. Authorities manning the services also need a thorough exposure to maintain highest levels of safety and comfort standards for public.  

Dr.T.V.Gopalakrishnan 

(This comment is given in BS in response to the editorial appeared on 27/914).  

Peace for the entire humanity in the whole Universe.

Peace for the entire humanity in the nook and corner of the whole unisverse
 is what the United Nations Should cherish in the 21st Century. Violence, terrorism,
 poverty in any part of the universe will not augur well for human welfare, their safe and 
peaceful living. Civilization is all about allowing humanity to survive well and ensuring
 good to win over any bad and evil spirit . Only Good thoughts words and deeds
 should prevail everywhere. The UN should aim for Universal peace taking Humanity
 as the sole Religion.The Human Race Can and should be able to achieve Universal
 Peace and welfare for all.That is the beauty of life for all to enjoy and experience.

Dr.T.V.Gopalakrishnan.

Man On Developing India MODI.

Man On Developing India ie MODI.The whole Country is in a charged atmosphere and positive energies are found every where.People look forwrd to experience / hear  something good happening everyday on the economy and he never disappoints them. He has brought the confidence back and with his frequent  and continuous interactions with the leaders of the world, definitely the economy can be back on the trajectory of fast growth sooner than later.Mr Modi has modified the ways of functioning of the bureaucracy and the results have started trickling in in all segments. People are gradually forgetting last decade of Inaction and a new chapter has begun with lot of hopes, aspirations, actions and activities.

Dr.T.V.Gopalakrishnan.

(This comment is given in response to an Article Modi Modi Modi in BS dated 26.9/14)

Discipline the banks and borrowers through transparency.

No doubt transparency in respect of large borrowal accounts in particular will prove to be a remedy in making them performing assets in banks books. When large projects get cleared and loans are sanctined the terms  andd conditions of sanction, how the projects got cleared, whether they are socially desirable, technologically feasible, economically viable and financially sound need to be made transparent. The men behind the projects,their competence, their track record and thier involvement and commitment in terms of Financial Contribution etc should be made known. The creativity if any in accounting practices generally resorted to by large Companies in manipulating and inflating the Contribution by the promoters needs to be highlighted and nipped in the bud itself.The details should be highlighted when such companies go for an IPO and raise capital. The SEBI also has to play a crucial role in disciplining the borrowers. The way the borrowers conduct the bank accounts needs to be independently verified by the SEBI and certified in their Balance sheets. Banks rating and banks qualification of the accounts if any need to be made transparent in the Balance sheets of Companies. The need to bring down NPAs in banks books and disciplining the borrowers and banks to ensure a sound and healthy banking is very crucial and the transparency of the details can definitely improve the performance of both banks and borrowers. Any mischiefs played by any Board Members of both banks and borrowers can also be minimised through the process of transparency. This article isa pointer to that effect.   

Dr T.V.Gopalakrishnan

(This comment is in response to an Article Transparency can be a cure that appeared in Business Standard dated 22/9/14)

Governor has done Credit to RBI

The editorial is well balanced. Rajan has done credit to RBI by sticking on to  the dearer Monetary poloicy despite the expectations and pressures from market to soft pedal because of the change in the Government and improved confidence in the Governance Standards for a performing economy. His stance on interest rates and forex policies has really earned him the kudos as inflation has started showing declining trend and the Rupee has somewhat stabilised, though both are not as comfortable as one desires.All said, the governor has erred on maintaining banking stability and the proposal to issue licenses for small  and payment banks which can further destabilise the banking. NPAs are due to non performance of RBI and Banks Managements is a fact which cannot be easily brushed aside.Though the Government interference  in banks' functioning may be a cause for enhanced NPAs but still the RBI could have taken strong measures to discipline the Banks' Boards and bad borrowers. Besides the approach to restructure the RBI chosen by him is not on desirable lines in the background of its losing functional autonomy and fast declining operations and staff resources.

Dr.T.V.Gopalakrishnan

(This comment is given in response to the editorial in Business standard,)

Maximum Government and Minimum Governance

The Governance in PSBs  and in the Regulator is maximum by the Government and the result is visible in the functioning of the PSBs and RBI as well. The Reserve Bank has lost its regulatory autonomy and the interference of the Government on the functioning of RBI and Banks has led to the weakening of banks and dominance of Directors appointed by the Government in the sanctioning of loans and isssue of Directives by the Government Instead of by the RBI to banks. It is  also wrong to assume that all is well in private sector banks and everything is wrong in PSBs. The window dressing of Balance sheets and Profit and loss accounts is there in both the PSBs and Private sector banks but unfortunately the borrowers have more freedom to hoodwink the PSBs and get away easily which is somewhat difficult in Private sector banks as there are no Directors on their Board  either from the Government or RBI. Further the so called new generation  Private sector banks have some built in advantages of high tech, free of certain directives compelling them to lend to Prioirity sector, Financial Inclusion and opening of branches in unbanked and non profitable areas in as much as they are applicable to PSBs and above all they are acountable to shareholders.The pattern of lending resorted  to by PSBs and Private Sector Banks also differs and the clientele they have particularly new generation private sector banks are mostly high tech and they are also not concerned with various charges they are subjected to.The level playing field varies a lot and PSBs are always at a disadvantage.Instead of Maximum Governance other than by the Government, there is no Governance both in PSBs and RBI due to Governments' interference particularly in relation to regulation of banks  is a reality and this has to be accepted. Even the transmission of Monetary policy has not been as effective as it was in the olden days because of the interference of the Government in various ways.

Dr.T.V.Gopalakrishnan

(This comment is given in BS against an article Minimum Govenment and maximum Governance that appeared on 27/8/14). 

Is it not time for Depositors to unite and fight against exploitation?

Banking is becoming a mess and the way things are moving depositors would be asked to pay a fee for depositing the money. The use of technology is to save cost of transactions and ATMs have facilitated to save a lot of cost in terms of maintaining branches and staff at a high cost.SB account holders get a pittance of 4% for their balances and on that they have to pay taxes also if the interest exceed Rs 10000. Banks can manage to accommodate lakhs of Crores of NPAs and write off of loans again at the Cost of depositors as there is absolutely no resistance from them. Charging for ATM withdrawal is nothing but a planned loot and RBI should not be party to this.Time depositors unite and fight for their rights. It is unfortunate that banks and bad borrowers are thriving exploiting the depositors by all possible means and it is the best opportune moment for Money Life to organise Depositors and fight for their justifiable rights.

Dr.T.V.Gopalakrishnan

(This comment is published in Money Life dated 25/8/14 against an article is  the restriction on the free use of ATM  fair ?)