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TRANSCRIPT
Postal Regn. No. : L II / RNP/HD/1145/2014-16, Dated 24.09.2013
RNI Regn. No. : AP ENG/2011/38018, Dated 24-06-2011
Date of Publication : 7th August, 2016
Date of Posting : 9th August, 2016
HAMARA PRAYASHAMARA PRAYASHAMARA PRAYASHAMARA PRAYASVolume - VI | Issue : 8 | Price : ` 1/-
Editor : Ranjana Sharma | Associate Editors : K. Kishore Kumar, Praveen Kumar, A. V. Rama Rao
THE MONTHLY TABLOID OF A.P. MAHESH CO-OPERATIVE URBAN BANK LTD.
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SPECIAL ISSUE
03
PURSHOTAMDAS MANDHANAChairman
RAMESH KUMAR BUNGSr. Vice-Chairman
RAMPAL ATTALVice-Chairman
BRIJGOPAL ASAWA
NANDKISHORE HEDA
SRIKANTH INANI
CHAINSUKH KABRA
OMPRAKASH JAKHOTIYA
SRINIVAS ASAWA
KAMALNARAYAN RATHI
Smt. PUSHPA BOOB
CA KISHAN GOPAL MANIYAR
KRISHNA CHANDRA BUNG
RAMPRAKASH BHANDARI
Smt. SUMAN HEDA
PROFESSIONAL DIRECTORS
LAXMINARAYAN RATHI
SRIGOPAL BUNG
M.D. & CEO
CS & LLBUMESH CHAND
ASAWA
DIRECTORS
BOARD OF DIRECTORS BOARD OF DIRECTORS BOARD OF DIRECTORS
MAHESH BANK
A.P. MAHESH CO-OP. URBAN BANK LTD. (Multi-State Scheduled Bank)
03
PURSHOTAMDAS MANDHANAChairman
RAMESH KUMAR BUNGSr. Vice-Chairman
RAMPAL ATTALVice-Chairman
BRIJGOPAL ASAWA
NANDKISHORE HEDA
SRIKANTH INANI
CHAINSUKH KABRA
OMPRAKASH JAKHOTIYA
SRINIVAS ASAWA
KAMALNARAYAN RATHI
Smt. PUSHPA BOOB
CA KISHAN GOPAL MANIYAR
KRISHNA CHANDRA BUNG
RAMPRAKASH BHANDARI
Smt. SUMAN HEDA
PROFESSIONAL DIRECTORS
LAXMINARAYAN RATHI
SRIGOPAL BUNG
M.D. & CEO
CS & LLBUMESH CHAND
ASAWA
DIRECTORS
BOARD OF DIRECTORS BOARD OF DIRECTORS BOARD OF DIRECTORS
MAHESH BANK
A.P. MAHESH CO-OP. URBAN BANK LTD. (Multi-State Scheduled Bank)
04 05
04 05
06 07
06 07
08 09
08 09
10 11
10 11
12 13
12 13
14 15
14 15
16 Many a time our children teach us and it is an implemental learning – Ramesh Kumar Bung. 17
16 Many a time our children teach us and it is an implemental learning – Ramesh Kumar Bung. 17
18
HIGHLIGHTS DURING THE YEAR
Sri Purshotamdas Mandhana, addressing the shareholders during the 39th Annual General Body Meeting and presenting annual results for the year 2014-15 held at FAPCCI, Hyderabad. Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO, Board of Directors and members present on the occasion.
FROM EDITOR'S NIB'Rathasya Ekam Chakram Bhujagayamita Sapta Turanga Niralambo Marga Charana Rahita Sarathi Api |Ravi Yartevantyam Prati Dinam Uparasya Narabhasya Kriya Siddhi Satve Bhavati Mahatam Nopakarane ||''The Sun in the sky travels everyday with all odds against him, like a chariot with one wheel, seven horses trod by serpents and the driver without thighs. Great people do not depend upon their accessories. They achieve their goal by their spirit and determination'.
thWith the spirit of this 6 Century quotation, we have commenced publishing the tabloid, 'Hamara Prayas' countenancing many impediments. 'Let noble thoughts come to us from all directions' – says Rig-Veda. 'Not only noble thoughts come to us from every side, but also let the fragrance of noble thoughts spread from us in all the directions' – believes HAMARA PRAYAS.
In addition to our staff, HAMARA PRAYAS reaches more than 3000 readers across the country. It is our alignment to the principle – small beginning, incremental improvement and sustained progress which would result in legendary possibilities. Inside the womb, we kept sleeping and again inside the tomb, we will keep sleeping. In between these two events, we have our lives to learn but not spend it sleeping again. With this motto, we have varied articles in this tabloid – besides banking and finance; one can find subjects on sports, music, fun, true-life stories, philosophy, general knowledge, ethics and moral matters. I request you to share the knowledge among your colleagues as knowledge grows only through sharing. My greatest satisfaction will be in knowing about your growth in the career through this communiqué than merely the circulation growth of HAMARA PRAYAS.
HAMARA PRAYAS completed 100 months of circulation with the May 2016 issue. We continued to march ahead with further issues of inspiring breakthroughs and changing thought process through HAMARA PRAYAS, I wish to express my gratitude first to my readers for their patronage, then to our staff and then to my editorial team for their finishing touches and finally, the printers for consistently raising the bar of excellence. It is said 'What significance it gains for having completed 100 issues?' I can emphatically and vociferously say that running a magazine of this nature in a presentable and pleasant form continuously without a break and receiving commendation from the readers is an onerous task. We request you to bless us for further amelioration of your tabloid. Like always, we will continue to strive to surpass the expectations of the readers throughout the country. We will continue to aspire to inspire you and HAMARA PRAYAS will inspire you to aspire.
Ranjana Sharma
K. Kishore Kumar Praveen Kumar A.V. Rama Rao
ASSOCIATE EDITORS
19
18
HIGHLIGHTS DURING THE YEAR
Sri Purshotamdas Mandhana, addressing the shareholders during the 39th Annual General Body Meeting and presenting annual results for the year 2014-15 held at FAPCCI, Hyderabad. Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO, Board of Directors and members present on the occasion.
FROM EDITOR'S NIB'Rathasya Ekam Chakram Bhujagayamita Sapta Turanga Niralambo Marga Charana Rahita Sarathi Api |Ravi Yartevantyam Prati Dinam Uparasya Narabhasya Kriya Siddhi Satve Bhavati Mahatam Nopakarane ||''The Sun in the sky travels everyday with all odds against him, like a chariot with one wheel, seven horses trod by serpents and the driver without thighs. Great people do not depend upon their accessories. They achieve their goal by their spirit and determination'.
thWith the spirit of this 6 Century quotation, we have commenced publishing the tabloid, 'Hamara Prayas' countenancing many impediments. 'Let noble thoughts come to us from all directions' – says Rig-Veda. 'Not only noble thoughts come to us from every side, but also let the fragrance of noble thoughts spread from us in all the directions' – believes HAMARA PRAYAS.
In addition to our staff, HAMARA PRAYAS reaches more than 3000 readers across the country. It is our alignment to the principle – small beginning, incremental improvement and sustained progress which would result in legendary possibilities. Inside the womb, we kept sleeping and again inside the tomb, we will keep sleeping. In between these two events, we have our lives to learn but not spend it sleeping again. With this motto, we have varied articles in this tabloid – besides banking and finance; one can find subjects on sports, music, fun, true-life stories, philosophy, general knowledge, ethics and moral matters. I request you to share the knowledge among your colleagues as knowledge grows only through sharing. My greatest satisfaction will be in knowing about your growth in the career through this communiqué than merely the circulation growth of HAMARA PRAYAS.
HAMARA PRAYAS completed 100 months of circulation with the May 2016 issue. We continued to march ahead with further issues of inspiring breakthroughs and changing thought process through HAMARA PRAYAS, I wish to express my gratitude first to my readers for their patronage, then to our staff and then to my editorial team for their finishing touches and finally, the printers for consistently raising the bar of excellence. It is said 'What significance it gains for having completed 100 issues?' I can emphatically and vociferously say that running a magazine of this nature in a presentable and pleasant form continuously without a break and receiving commendation from the readers is an onerous task. We request you to bless us for further amelioration of your tabloid. Like always, we will continue to strive to surpass the expectations of the readers throughout the country. We will continue to aspire to inspire you and HAMARA PRAYAS will inspire you to aspire.
Ranjana Sharma
K. Kishore Kumar Praveen Kumar A.V. Rama Rao
ASSOCIATE EDITORS
19
FROM THE CHAIRMAN'S DESK
“The greatest strength comes only from a deep selflessness in life and that is expressed through mind, action and speech” – Ramesh Kumar Bung. 21
HIGHLIGHTS DURING THE YEAR
20
Highlights of Bank's 38th Foundation Day Celebrations: Dr. N. Krishna Mohan, Banking Ombudsman, Sri Kedarnath Udayavar, President and Chief Client Officer, Polaris Consulting & Services, Sri M. Naveen, IRS, Dy. Commissioner of Income Tax, Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, other Directors on the Board, former Directors, Sri Umesh Chand Asawa, MD & CEO, staff members from different branches participating in the celebrations.
POWER OF SILENCE
Psychologists have estimated that on an average, we have as many as
60000 thoughts per day. More importantly, 95 to 98% of these 60,000
thoughts we process are repeated daily. Each of these thoughts, at the
physical brain level, is releasing a shower of chemicals. Neuroscientists
estimate that the human brain contains 100 billion neurons. Each neuron
has about 1000 connections. Each connection fires, on an average, 200
times per second resulting in 20,000 trillion calculations per second! And all
this consumes loads of life energy. Even if we can reduce the number of
thoughts by a small percentage, it can have a huge bearing on our life. Practising silence for a few
minutes every day gives you the power of that conserved energy.
When we succeed in reducing the quantity of thoughts, we will start observing a remarkable
improvement in the quality of thoughts. How? When we reduce the number of thoughts, then the
thought congestion comes down and we will be able to hold every thought a little longer. The longer
we can hold on to a thought, the more potent the thought becomes. Every thought has creative
power and the longer we hold a thought, the more powerful it becomes. With every
thought, we send out the essence of ourselves, which mingles with other essences and
creates and re-creates our physical environment. In that sense, our life is not our master,
but our child. Practising silence for a few minutes every day gives you the power to create
your chosen environment.
Silence is basically vibrations with the highest frequency. The fan blades appear almost extinct
when they rotate at great speed. So, when the strings vibrate at their highest frequency, they
almost seem like nothing, which is silence. However, it is from these highest vibrations all the relatively
lower vibrations originate. Hence, in the spiritual expression – everything comes from nothing.
Everything is born out of silence. Anything can be created from that state of silence. There is so much
scientific truth to the expression, 'When a thought is released from the seat of silence, a mere
wish becomes a command to the universe'. After all, is not the smallest of particles
enough to cause endless ripples in the biggest still water lake? Bible says, 'Be still, and know
that I am the divinity'.
Vibrations are transferred only in a state of non-doing. That is the significance of your sitting in the seat
of meditation. By sitting in a state of non-doing, either in a space of high vibrations or in the presence of
a person of high vibrations, those vibrations will be transferred unto you. That is why you are asked not
to speak in the presence of spiritually evolved people, for it is not time for doing, but it is time for non-
doing. The power of non-doing is that it enables you to tune in and inherit the higher vibrations and in
the presence of higher vibrations, all things are possible. Everything is possible.
That is why Franz Kafka says, 'You do not need to leave your room. Remain sitting on your table and
listen. Do not even listen, simply wait, be quiet, still and solitary. The world will freely offer itself to you
to be unmasked, it has no choice, and it will roll in ecstasy at your feet'.
Make sitting in the seat of silence at least for some time in a day as your Dinacharya.
With Foundation Day Greetings,
Purshotamdas Mandhana
FROM THE CHAIRMAN'S DESK
“The greatest strength comes only from a deep selflessness in life and that is expressed through mind, action and speech” – Ramesh Kumar Bung. 21
HIGHLIGHTS DURING THE YEAR
20
Highlights of Bank's 38th Foundation Day Celebrations: Dr. N. Krishna Mohan, Banking Ombudsman, Sri Kedarnath Udayavar, President and Chief Client Officer, Polaris Consulting & Services, Sri M. Naveen, IRS, Dy. Commissioner of Income Tax, Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, other Directors on the Board, former Directors, Sri Umesh Chand Asawa, MD & CEO, staff members from different branches participating in the celebrations.
POWER OF SILENCE
Psychologists have estimated that on an average, we have as many as
60000 thoughts per day. More importantly, 95 to 98% of these 60,000
thoughts we process are repeated daily. Each of these thoughts, at the
physical brain level, is releasing a shower of chemicals. Neuroscientists
estimate that the human brain contains 100 billion neurons. Each neuron
has about 1000 connections. Each connection fires, on an average, 200
times per second resulting in 20,000 trillion calculations per second! And all
this consumes loads of life energy. Even if we can reduce the number of
thoughts by a small percentage, it can have a huge bearing on our life. Practising silence for a few
minutes every day gives you the power of that conserved energy.
When we succeed in reducing the quantity of thoughts, we will start observing a remarkable
improvement in the quality of thoughts. How? When we reduce the number of thoughts, then the
thought congestion comes down and we will be able to hold every thought a little longer. The longer
we can hold on to a thought, the more potent the thought becomes. Every thought has creative
power and the longer we hold a thought, the more powerful it becomes. With every
thought, we send out the essence of ourselves, which mingles with other essences and
creates and re-creates our physical environment. In that sense, our life is not our master,
but our child. Practising silence for a few minutes every day gives you the power to create
your chosen environment.
Silence is basically vibrations with the highest frequency. The fan blades appear almost extinct
when they rotate at great speed. So, when the strings vibrate at their highest frequency, they
almost seem like nothing, which is silence. However, it is from these highest vibrations all the relatively
lower vibrations originate. Hence, in the spiritual expression – everything comes from nothing.
Everything is born out of silence. Anything can be created from that state of silence. There is so much
scientific truth to the expression, 'When a thought is released from the seat of silence, a mere
wish becomes a command to the universe'. After all, is not the smallest of particles
enough to cause endless ripples in the biggest still water lake? Bible says, 'Be still, and know
that I am the divinity'.
Vibrations are transferred only in a state of non-doing. That is the significance of your sitting in the seat
of meditation. By sitting in a state of non-doing, either in a space of high vibrations or in the presence of
a person of high vibrations, those vibrations will be transferred unto you. That is why you are asked not
to speak in the presence of spiritually evolved people, for it is not time for doing, but it is time for non-
doing. The power of non-doing is that it enables you to tune in and inherit the higher vibrations and in
the presence of higher vibrations, all things are possible. Everything is possible.
That is why Franz Kafka says, 'You do not need to leave your room. Remain sitting on your table and
listen. Do not even listen, simply wait, be quiet, still and solitary. The world will freely offer itself to you
to be unmasked, it has no choice, and it will roll in ecstasy at your feet'.
Make sitting in the seat of silence at least for some time in a day as your Dinacharya.
With Foundation Day Greetings,
Purshotamdas Mandhana
22 23“The wisest and most inspired words in the world are merely words unless you apply them your life” - Ramesh Kumar Bung.
HIGHLIGHTS DURING THE YEAR
Sri Purshotamdas Mandhana, Chairman hoisting the National Flag on 69th Independence Day, commemorated at Head Office. Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, Sri Chainsukh Kabra, Smt. Pushpa Boob, Directors, Sri Umesh Chand Asawa, MD & CEO and staff members present on the occasion.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, Sri Chainsukh Kabra, Director welcoming the devotees and distributing them prasadams on Ganesh Nimajjan procession day.
CHAIRMAN – EMERITUS INKSSEED AND PLANT
Our comfort zone becomes our prison, within which our potential stays
locked up. A seed is very well protected as long as it remains a seed. There is
security in remaining a seed; whereas a plant is always vulnerable. To sprout
into a plant makes the seed susceptible, but what is the purpose of a seed? It
contains a thousand forces within, and it is in the transcendence of the seed
into a plant that these possibilities unfold. If the seed remains transfixed as
the kernel, it is no better than a pebble on the beach.
Either transcend your comfort zone and reach the higher plans of life, or stay transfixed within your
comfort zone and remain stagnant. Don't be afraid to give up certainty for uncertainty. It is astounding
how the world makes way for a resolute soul and how obstacles move out of the path of a man who is
determined to make it in life.
There is no more risk in 'change'. In fact, 'not to change' is actually risky because it leaves
you where you are. When there is no security TO life itself, where is the question of security IN life?
After all, what is growth? Growth is giving up who you are to become what you can be. That which
does not change, does not grow. That which does not grow, perishes.
Challenges and hiccups are bound to be there on the path of an achiever. Freedom comes not from
escaping them, but in transcending them. Throw yourself into the unknown. Do what you have never
done before. Do what you thought you cannot. Make a daring move. Take a rebellious plunge.
If people who walked this planet before us had chosen to stay transfixed to their comfort zones, then
we would have nothing of what we have right now. All inventions and discoveries have come from
people who ventured bravely into the unknown. The next rung of the ladder is always an unknown
factor. The next moment of life has its uncertainties. Death alone is certain; life can never be. Seek the
unknown and make it known. However tough the consequences may be, face it. Keep expanding your
comfort zone and thus expand your life.
Self- depreciation is a crime. Do not become your own restraint. Be sure that your success will never
risk above the boundaries of your comfort zone. You have to break open the walls of your comfort
zone. There is no turning point within the comfort zone. All turning points in life are beyond the
periphery of your comfort zones. Confidence grows only when you do things that you have never
done before and do things that you thought you cannot. Self-belief is born when you transcend your
comfort zone. Transcend your comfort zone and turn your life around.
Wish you a happy 70th Independence Day.
Ramesh Kumar Bung
22 23“The wisest and most inspired words in the world are merely words unless you apply them your life” - Ramesh Kumar Bung.
HIGHLIGHTS DURING THE YEAR
Sri Purshotamdas Mandhana, Chairman hoisting the National Flag on 69th Independence Day, commemorated at Head Office. Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, Sri Chainsukh Kabra, Smt. Pushpa Boob, Directors, Sri Umesh Chand Asawa, MD & CEO and staff members present on the occasion.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice Chairman, Sri Rampal Attal, Vice Chairman, Sri Chainsukh Kabra, Director welcoming the devotees and distributing them prasadams on Ganesh Nimajjan procession day.
CHAIRMAN – EMERITUS INKSSEED AND PLANT
Our comfort zone becomes our prison, within which our potential stays
locked up. A seed is very well protected as long as it remains a seed. There is
security in remaining a seed; whereas a plant is always vulnerable. To sprout
into a plant makes the seed susceptible, but what is the purpose of a seed? It
contains a thousand forces within, and it is in the transcendence of the seed
into a plant that these possibilities unfold. If the seed remains transfixed as
the kernel, it is no better than a pebble on the beach.
Either transcend your comfort zone and reach the higher plans of life, or stay transfixed within your
comfort zone and remain stagnant. Don't be afraid to give up certainty for uncertainty. It is astounding
how the world makes way for a resolute soul and how obstacles move out of the path of a man who is
determined to make it in life.
There is no more risk in 'change'. In fact, 'not to change' is actually risky because it leaves
you where you are. When there is no security TO life itself, where is the question of security IN life?
After all, what is growth? Growth is giving up who you are to become what you can be. That which
does not change, does not grow. That which does not grow, perishes.
Challenges and hiccups are bound to be there on the path of an achiever. Freedom comes not from
escaping them, but in transcending them. Throw yourself into the unknown. Do what you have never
done before. Do what you thought you cannot. Make a daring move. Take a rebellious plunge.
If people who walked this planet before us had chosen to stay transfixed to their comfort zones, then
we would have nothing of what we have right now. All inventions and discoveries have come from
people who ventured bravely into the unknown. The next rung of the ladder is always an unknown
factor. The next moment of life has its uncertainties. Death alone is certain; life can never be. Seek the
unknown and make it known. However tough the consequences may be, face it. Keep expanding your
comfort zone and thus expand your life.
Self- depreciation is a crime. Do not become your own restraint. Be sure that your success will never
risk above the boundaries of your comfort zone. You have to break open the walls of your comfort
zone. There is no turning point within the comfort zone. All turning points in life are beyond the
periphery of your comfort zones. Confidence grows only when you do things that you have never
done before and do things that you thought you cannot. Self-belief is born when you transcend your
comfort zone. Transcend your comfort zone and turn your life around.
Wish you a happy 70th Independence Day.
Ramesh Kumar Bung
24 “To be a success, you need to be first, best or different” - Ramesh Kumar Bung. 25
HIGHLIGHTS DURING THE YEAR
Dr. Ali Akbar Basha, Addl. Registrar and MD, A.P. State Cooperative Union and Sri Umesh Chand Asawa, MD & CEO inaugurating the fortnight long training programme for probationary officers by lighting the lamp at Staff Training College, Hyderabad.
Sri Umesh Chand Asawa, MD & CEO complimenting Sri Ramesh Kumar Bung, on being nominated with the status of Chairman Emeritus. Sri Purshotamdas Mandhana, Chairman greeting Sri Asawa on the event of the bank surpassing Rs. 2500 Crore business. Other officials present on the occasion.
MD & CEO SPEAKSBE ON THE TOP OF THE HEAP
Dear Colleagues,
At the outset, let me greet all of you on our Bank's 39th Foundation Day.
When you see a world-class dancer or musician performing or a world-class sportsperson producing a stunning shot at the last minute of the game, what do you think is common in these situations? Yes, they manifest genius in their work. Yes, what they produce seems incredulous or even miraculous to us. All they do is to bring their total awareness to their work throughout. They just bring a meditative quality to their work. For example, if they are playing music, they become one with the music work. They become the player of the music that goes out to the listener of the music. This being the final stage of genius, there are several levels before that. Before we learn about them, let us understand the impediments that could block us on the path.
In the Mahabharata, Dronacharya was the royal teacher of both the Kauravas and Pandavas. During a lesson of archery, the task was to hit the eye of a bird perched upon a tree. The teacher was standing beside the pupils and asking them what they saw, as they took aim. Some said they saw the wing of the bird, some the leaves of the tree, others that they saw the sky beyond and the teacher was listening intently. Finally, it was the turn of Arjuna. He replied that he saw the eye of the bird and nothing else, and of course, he hit the target.
Like Arjuna, we must quell all the distractions and focus solely on the work at hand. There is no substitute for hard work. While we discharge our duties, nothing else must be entertained in the mind. This does not mean we must not recall the past or think of the future.
Rafael Nadal, the great tennis player said: 'What I battle hardest to do in a tennis match is to quiet the voices in my head, to shut everything out of my mind but concentrate every atom of my being on the point I am playing. If I made a mistake on a previous point, I forget it; should a thought of victory suggests itself, crush it'.
For completion of a task, we require utmost concentration. There are four levels of concentration. Attention, contemplation, abstraction and activity of repose. In the first two levels, results are achieved but there is some friction associated with the work and the mind and work are not united. In the third stage, the senses are oblivious to the outside world and the mind is solely cantered on the work. In the final stage called activity in repose, the greatest work is accomplished with minimum friction. In the final stage, there is complete link of the activities of the mind with the work performed. All men of genius, originality and abstractions, and all the masters and leaders reach the final stage of concentration, activity in repose.
We must practise day in and day out to raise the level of attention we apply to our work, not in a forceful way but in a calm, imperturbable way. We must march on taking stock of the progress we make and not be disappointed when we don't make progress. The goal we aspire for is so great that it is worth to wait and work. Watch your Watch and continue to work. WATCH – Words, Actions, Thoughts, Character and Heart.
Dates on the calendar are closer than they appear. There is no such thing as, 'One of these days I will do it'.
TODAY IS YOUR DAY.
With Independence Day wishes,
Cordially yours,
Umesh Chand Asawa
24 “To be a success, you need to be first, best or different” - Ramesh Kumar Bung. 25
HIGHLIGHTS DURING THE YEAR
Dr. Ali Akbar Basha, Addl. Registrar and MD, A.P. State Cooperative Union and Sri Umesh Chand Asawa, MD & CEO inaugurating the fortnight long training programme for probationary officers by lighting the lamp at Staff Training College, Hyderabad.
Sri Umesh Chand Asawa, MD & CEO complimenting Sri Ramesh Kumar Bung, on being nominated with the status of Chairman Emeritus. Sri Purshotamdas Mandhana, Chairman greeting Sri Asawa on the event of the bank surpassing Rs. 2500 Crore business. Other officials present on the occasion.
MD & CEO SPEAKSBE ON THE TOP OF THE HEAP
Dear Colleagues,
At the outset, let me greet all of you on our Bank's 39th Foundation Day.
When you see a world-class dancer or musician performing or a world-class sportsperson producing a stunning shot at the last minute of the game, what do you think is common in these situations? Yes, they manifest genius in their work. Yes, what they produce seems incredulous or even miraculous to us. All they do is to bring their total awareness to their work throughout. They just bring a meditative quality to their work. For example, if they are playing music, they become one with the music work. They become the player of the music that goes out to the listener of the music. This being the final stage of genius, there are several levels before that. Before we learn about them, let us understand the impediments that could block us on the path.
In the Mahabharata, Dronacharya was the royal teacher of both the Kauravas and Pandavas. During a lesson of archery, the task was to hit the eye of a bird perched upon a tree. The teacher was standing beside the pupils and asking them what they saw, as they took aim. Some said they saw the wing of the bird, some the leaves of the tree, others that they saw the sky beyond and the teacher was listening intently. Finally, it was the turn of Arjuna. He replied that he saw the eye of the bird and nothing else, and of course, he hit the target.
Like Arjuna, we must quell all the distractions and focus solely on the work at hand. There is no substitute for hard work. While we discharge our duties, nothing else must be entertained in the mind. This does not mean we must not recall the past or think of the future.
Rafael Nadal, the great tennis player said: 'What I battle hardest to do in a tennis match is to quiet the voices in my head, to shut everything out of my mind but concentrate every atom of my being on the point I am playing. If I made a mistake on a previous point, I forget it; should a thought of victory suggests itself, crush it'.
For completion of a task, we require utmost concentration. There are four levels of concentration. Attention, contemplation, abstraction and activity of repose. In the first two levels, results are achieved but there is some friction associated with the work and the mind and work are not united. In the third stage, the senses are oblivious to the outside world and the mind is solely cantered on the work. In the final stage called activity in repose, the greatest work is accomplished with minimum friction. In the final stage, there is complete link of the activities of the mind with the work performed. All men of genius, originality and abstractions, and all the masters and leaders reach the final stage of concentration, activity in repose.
We must practise day in and day out to raise the level of attention we apply to our work, not in a forceful way but in a calm, imperturbable way. We must march on taking stock of the progress we make and not be disappointed when we don't make progress. The goal we aspire for is so great that it is worth to wait and work. Watch your Watch and continue to work. WATCH – Words, Actions, Thoughts, Character and Heart.
Dates on the calendar are closer than they appear. There is no such thing as, 'One of these days I will do it'.
TODAY IS YOUR DAY.
With Independence Day wishes,
Cordially yours,
Umesh Chand Asawa
“To wipe every tear from every eye is the motto of life” - Ramesh Kumar Bung. 2726
Sri Purshotamdas Mandhana, Chairman performing Ganesh Pooja at Begum Bazar Branch. Sri Ramesh Kumar Bung, Chairman-emeritus, other directors, Sri Umesh Chand Asawa, MD & CEO and others attending the Pooja.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Rampal Attal, Vice Chairman, other directors celebrating Bathukamma Festivities at Head Office.
HIGHLIGHTS DURING THE YEAR BANK CONDUCTS A HEALTH CAMP
Sun Shine, Super Speciality Hospitals have conducted a Health Camp at Bank's Head Office. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and staff underwent free medical check-up during the camp held in July, 2016. The doctors of the hospital can be seen in the photograph.
Ÿ People are often unreasonable, irrational and self-entered. Forgive them anyway.
Ÿ If you are kind, people may accuse you of selfish, ulterior motives. Be kind anyway.
Ÿ If you are successful, you will win some unfaithful friends and some genuine enemies. Succeed anyway.
Ÿ If you are honest and sincere, people may deceive you. Be honest and sincere anyway.
Ÿ What you spend years creating, others could destroy overnight. Create anyway.
Ÿ If you find serenity and happiness, some may be jealous. Be happy anyway.
Ÿ Give the best you have, and it will never be enough. Give your best anyway.
Ÿ In the final analysis, it is between you and the divine. It was never between you and them anyway.
Ramesh Kumar Bung
Anyway
“To wipe every tear from every eye is the motto of life” - Ramesh Kumar Bung. 2726
Sri Purshotamdas Mandhana, Chairman performing Ganesh Pooja at Begum Bazar Branch. Sri Ramesh Kumar Bung, Chairman-emeritus, other directors, Sri Umesh Chand Asawa, MD & CEO and others attending the Pooja.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Rampal Attal, Vice Chairman, other directors celebrating Bathukamma Festivities at Head Office.
HIGHLIGHTS DURING THE YEAR BANK CONDUCTS A HEALTH CAMP
Sun Shine, Super Speciality Hospitals have conducted a Health Camp at Bank's Head Office. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and staff underwent free medical check-up during the camp held in July, 2016. The doctors of the hospital can be seen in the photograph.
Ÿ People are often unreasonable, irrational and self-entered. Forgive them anyway.
Ÿ If you are kind, people may accuse you of selfish, ulterior motives. Be kind anyway.
Ÿ If you are successful, you will win some unfaithful friends and some genuine enemies. Succeed anyway.
Ÿ If you are honest and sincere, people may deceive you. Be honest and sincere anyway.
Ÿ What you spend years creating, others could destroy overnight. Create anyway.
Ÿ If you find serenity and happiness, some may be jealous. Be happy anyway.
Ÿ Give the best you have, and it will never be enough. Give your best anyway.
Ÿ In the final analysis, it is between you and the divine. It was never between you and them anyway.
Ramesh Kumar Bung
Anyway
28 “Knowledge is the wing where with we fly to ultimate heights” - Ramesh Kumar Bung. 29
HIGHLIGHTS DURING THE YEAR BUSINESS DICTIONARY
Sri Shyam Kumar, Senior Faculty of ICM, Hyderabad, flanked by faculty of ICM, Nagpur along with board of directors of Pandaripur Cooperative Urban Bank who came for a study tour visited our Head Office. Sri Ramesh Kumar Bung, Chairman-emeritus and Sri Umesh Chand Asawa, MD & CEO addressing the gathering.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO inaugurating health camp conducted by Medi – Assist India, TPA at Head Office. Staff members undergoing health check-up are in the photograph.
Per se: Intrinsically, by itself, not requiring any supporting facts or ideas, standing alone. Latin for, by itself or in itself. Opposite of per accidents.
EXAMPLE: While not a bad sitcom per se, it suffers simply because its nowhere near as good as the others on this list.
Accommodation: Resolving conflict by placing the concerns of others above one's own. Such responses are considered suitable when stakes are relatively low, and mutual relations and long-term association is more important.
EXAMPLE: The selling party has stated that they will make various accommodations to the property and surrounding buildings if it will ensure the quick sale and transfer of the house and land to another party.
Checks and balances: 1. Corporate: internal control mechanism that guards against fraud and errors due to omission. In a system with checks and balances, the authority to make a decision, and the associated responsibility to verify its proper execution, is distributed among different departments. These departments are kept logically and physically apart, and no one department can complete a transaction.
EXAMPLE: The system of checks and balances that the company had in place were impenetrable thus reducing their number of corporate thefts and embezzlement issues to zero.
Interdependence: Dependence of entities such as people or countries on each other. Over the year, the United States' interdependence on other countries for imports has grown to record levels.
EXAMPLE: During World War II, the United States had to make a decision on whether it would continue its policy of not getting involved in other countries' politics, or embrace interdependence.
Glass ceiling: Invisible but real barrier through which the next stage or level of advancement can be seen, but cannot be reached by a section of qualified and deserving employees. Such barriers exist due to implicit prejudice on the basis of age, ethnicity, political or religious affiliation, and/or sex. Although generally illegal, such practices prevalent in most countries.
EXAMPLE: Daisy felt she hit a glass ceiling at work, because all of her male coworkers were promoted to management positions, while she was still considered a junior employee.
Correspondence: Any wr i t ten or d ig i ta l communication exchanged by two or more parties. Correspondences may come in the form of letters,
emails, text messages, voicemails, notes, or postcards. Correspondences are important for most businesses because they serve as a paper trail of events from point A to point B.
EXAMPLE: The sales team and the graphic designer sent e-mails back and forth, using the correspondence to communicate their product ideas.
Beta: 1. US: measure of the securities-market risk ('systemic risk'), it is an indicator of the volatility of a stock (or a portfolio of stocks) relative to a benchmark, such as Standards & Poor's 500 composite index (S&P 500), which is given a beta value of 1.00. Every listed stock is assigned a beta value (based on movements in its price) in 'beta tables' published by Standard & Poor's and Morgan.
EXAMPLE: Value investors may view a high beta as a buying opportunity, because they are not scared off by volatility.
Philanthropy: A Greek term which directly translated means "love of mankind." Philanthropy is an idea, event, or action that is done to better humanity and usually involves some sacrifice as opposed to being done for a profit motive. Acts of philanthropy include donating money to a charity, volunteering at a local shelter, or raising money to donate to cancer research.
EXAMPLE: You couldn't exactly call Captain Russell rich, but he made a fine living from his merchant ships; and as he donated 20% of his income, the Orphans' Home benefited from his philanthropy.
Beneficiary: Person or other legal entity for whose present or future interest (benefit) an annuity, assignment (such as a letter of credit), contract, insurance policy, judgement, promise, trust, will, etc., is made.
EXAMPLE: When signing up for my life insurance policy, I listed my daughter as my beneficiary so she could use the funds to settle any debts.
Public relations: The profession or practice of creating and maintaining goodwill of an organization's various publics (customers, employees, investors, suppliers, etc.), usually through publicity and other nonpaid forms of communication. These efforts may also include support of arts, charitable causes, education, sporting events, and other civic engagements.
EXAMPLE: I envy people who have the ability to work in public relations because it means that they can communicate clearly with anyone and can make a lasting impression on people.
28 “Knowledge is the wing where with we fly to ultimate heights” - Ramesh Kumar Bung. 29
HIGHLIGHTS DURING THE YEAR BUSINESS DICTIONARY
Sri Shyam Kumar, Senior Faculty of ICM, Hyderabad, flanked by faculty of ICM, Nagpur along with board of directors of Pandaripur Cooperative Urban Bank who came for a study tour visited our Head Office. Sri Ramesh Kumar Bung, Chairman-emeritus and Sri Umesh Chand Asawa, MD & CEO addressing the gathering.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO inaugurating health camp conducted by Medi – Assist India, TPA at Head Office. Staff members undergoing health check-up are in the photograph.
Per se: Intrinsically, by itself, not requiring any supporting facts or ideas, standing alone. Latin for, by itself or in itself. Opposite of per accidents.
EXAMPLE: While not a bad sitcom per se, it suffers simply because its nowhere near as good as the others on this list.
Accommodation: Resolving conflict by placing the concerns of others above one's own. Such responses are considered suitable when stakes are relatively low, and mutual relations and long-term association is more important.
EXAMPLE: The selling party has stated that they will make various accommodations to the property and surrounding buildings if it will ensure the quick sale and transfer of the house and land to another party.
Checks and balances: 1. Corporate: internal control mechanism that guards against fraud and errors due to omission. In a system with checks and balances, the authority to make a decision, and the associated responsibility to verify its proper execution, is distributed among different departments. These departments are kept logically and physically apart, and no one department can complete a transaction.
EXAMPLE: The system of checks and balances that the company had in place were impenetrable thus reducing their number of corporate thefts and embezzlement issues to zero.
Interdependence: Dependence of entities such as people or countries on each other. Over the year, the United States' interdependence on other countries for imports has grown to record levels.
EXAMPLE: During World War II, the United States had to make a decision on whether it would continue its policy of not getting involved in other countries' politics, or embrace interdependence.
Glass ceiling: Invisible but real barrier through which the next stage or level of advancement can be seen, but cannot be reached by a section of qualified and deserving employees. Such barriers exist due to implicit prejudice on the basis of age, ethnicity, political or religious affiliation, and/or sex. Although generally illegal, such practices prevalent in most countries.
EXAMPLE: Daisy felt she hit a glass ceiling at work, because all of her male coworkers were promoted to management positions, while she was still considered a junior employee.
Correspondence: Any wr i t ten or d ig i ta l communication exchanged by two or more parties. Correspondences may come in the form of letters,
emails, text messages, voicemails, notes, or postcards. Correspondences are important for most businesses because they serve as a paper trail of events from point A to point B.
EXAMPLE: The sales team and the graphic designer sent e-mails back and forth, using the correspondence to communicate their product ideas.
Beta: 1. US: measure of the securities-market risk ('systemic risk'), it is an indicator of the volatility of a stock (or a portfolio of stocks) relative to a benchmark, such as Standards & Poor's 500 composite index (S&P 500), which is given a beta value of 1.00. Every listed stock is assigned a beta value (based on movements in its price) in 'beta tables' published by Standard & Poor's and Morgan.
EXAMPLE: Value investors may view a high beta as a buying opportunity, because they are not scared off by volatility.
Philanthropy: A Greek term which directly translated means "love of mankind." Philanthropy is an idea, event, or action that is done to better humanity and usually involves some sacrifice as opposed to being done for a profit motive. Acts of philanthropy include donating money to a charity, volunteering at a local shelter, or raising money to donate to cancer research.
EXAMPLE: You couldn't exactly call Captain Russell rich, but he made a fine living from his merchant ships; and as he donated 20% of his income, the Orphans' Home benefited from his philanthropy.
Beneficiary: Person or other legal entity for whose present or future interest (benefit) an annuity, assignment (such as a letter of credit), contract, insurance policy, judgement, promise, trust, will, etc., is made.
EXAMPLE: When signing up for my life insurance policy, I listed my daughter as my beneficiary so she could use the funds to settle any debts.
Public relations: The profession or practice of creating and maintaining goodwill of an organization's various publics (customers, employees, investors, suppliers, etc.), usually through publicity and other nonpaid forms of communication. These efforts may also include support of arts, charitable causes, education, sporting events, and other civic engagements.
EXAMPLE: I envy people who have the ability to work in public relations because it means that they can communicate clearly with anyone and can make a lasting impression on people.
30 “Class has little to do with wealth and position and a lot to do with how you conduct your life” - Ramesh Kumar Bung. 31
Shifting of our Malkajgiri branch into a new spacious premises inaugurated by Sri R.N. Dash, Regional Director, RBI, Sri Chintala Kanaka Reddy, MLA, Malkajgiri Constituency by lighting the lamp and cutting the ribbon. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other directors, Sri Umesh Chand Asawa, MD & CEO present at the event.
HIGHLIGHTS DURING THE YEAR
THE STORY OF RED BLOOD CELLS
Sri Umesh Chand Asawa, MD & CEO and Milind Rajhans, AGM, IT receiving the Cooperative Banking awards for (1) Best CBS Implementation, (2) Best Branch Initiative and (3) Best IT Head during the National Cooperative Banking Summit held at Goa.
Assume that the population of Hyderabad is around 70 lakh. In case 4 persons live in each house, there must be 18 lakh houses in the city. In human body there are about 40 lakh crore live cells. If we treat each live cell as a house, there would be 40 lakh houses in our body. What does it mean? Our body can accommodate more than 2 crore Hyderabad cities!
We need several commodities for each house. We bring necessary things like milk, rice, vegetables, pulses, spices etc., from the market. We require a gas cylinder to cook food. From time to time, we have to surrender the empty cylinder. There must be roads and vehicles to carry them and also for carrying garbage accumulated in our houses. When we compare our house with a cell, we should imagine that there will be roads, vehicles and traffic in our body as they are outside.
Blood pipes (Capillary) in our body perform the task of the roads in a city. The required food for each cell reaches them through the blood. Now we will discuss about cooking of food, and about gas cylinder to cook the food. In the food we consume, major portion is carbohydrate. When it is digested, glucose is formed. This glucose is used by our cells and they prepare required molecules. Or, the cells burn the molecules and utilise the strength in it. What is this burning of Glucose? Our body uses the Glucose as fuel.
The fuel we use to cook our food is called natural gas. When we burn it, the energy comes out as flame and is useful for cooking food or boiling milk or heating water. For burning gas, it requires Oxygen contained in the air. In fact, burning means using Oxygen. When we burn natural gas with Oxygen, energy comes out. In the same way, when the glucose in cells of the body is burnt, energy is created. This energy is used by our molecules for their necessities. It is easy to burn the natural gas because Oxygen is available in the air. What we require is fuel. This fuel is in the cylinders. When we require a cylinder, we make a phone call and the boy brings it. The required fuel for our body is in the food. But, Oxygen is necessary to extract energy from the food. Who will provide Oxygen to our body?
There are special cells (corpuscles) in our body to bring Oxygen. They are called red blood cells. These are in our blood. They are the reason for blood to appear in red colour. These red blood cells supply Oxygen to each and every cell of our body. They take Oxygen from the air we inhale and store it in cylinders.
In fact, there are no cylinders in these red blood cylinders. In the place of cylinders there are molecules called Haemoglobin. It is estimated that in one red blood cell, 25 crore Haemoglobins. Each Haemoglobin atom carries 4 Oxygen atoms. It means what? Each red blood cell contains 100 crore Oxygen atoms. One thing has to be mentioned here. There are 4 iron ions in each Haemoglobin atom. If these ions are not there, Haemoglobin cannot catch Oxygen. Hence, without iron, there is no Haemoglobin. If it is not there, there is no supply of Oxygen to our cells (corpuscle). When Oxygen is not there, we cannot absorb it and use energy from the food we consume. When there is no energy we become debilitated and weak. That is why doctors conduct blood test and determine the iron content and Haemoglobin in our blood. What is shortage of blood? It is inadequate Haemoglobin. This is called anaemia.
Now let us speak about traffic jams. We compared blood pipes (capillaries) with roads earlier. At the time of accidents or big pits, there would be traffic jams on the roads. Likewise, when red blood cells cannot carry oxygen, the part in our brain which does not receive Oxygen becomes defunct. We get disease like paralysis. If our heart is not supplied with oxygen, we get heart attack.
That is the reason Oxygen is called 'Air of Life'. If it is not there, we cannot burn glucose in our live cells and cannot extract strength out of it. We cannot survive without energy; hence Oxygen is termed as air of our lives.
Praveen Kumar
Manager, Chintal Branch
30 “Class has little to do with wealth and position and a lot to do with how you conduct your life” - Ramesh Kumar Bung. 31
Shifting of our Malkajgiri branch into a new spacious premises inaugurated by Sri R.N. Dash, Regional Director, RBI, Sri Chintala Kanaka Reddy, MLA, Malkajgiri Constituency by lighting the lamp and cutting the ribbon. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other directors, Sri Umesh Chand Asawa, MD & CEO present at the event.
HIGHLIGHTS DURING THE YEAR
THE STORY OF RED BLOOD CELLS
Sri Umesh Chand Asawa, MD & CEO and Milind Rajhans, AGM, IT receiving the Cooperative Banking awards for (1) Best CBS Implementation, (2) Best Branch Initiative and (3) Best IT Head during the National Cooperative Banking Summit held at Goa.
Assume that the population of Hyderabad is around 70 lakh. In case 4 persons live in each house, there must be 18 lakh houses in the city. In human body there are about 40 lakh crore live cells. If we treat each live cell as a house, there would be 40 lakh houses in our body. What does it mean? Our body can accommodate more than 2 crore Hyderabad cities!
We need several commodities for each house. We bring necessary things like milk, rice, vegetables, pulses, spices etc., from the market. We require a gas cylinder to cook food. From time to time, we have to surrender the empty cylinder. There must be roads and vehicles to carry them and also for carrying garbage accumulated in our houses. When we compare our house with a cell, we should imagine that there will be roads, vehicles and traffic in our body as they are outside.
Blood pipes (Capillary) in our body perform the task of the roads in a city. The required food for each cell reaches them through the blood. Now we will discuss about cooking of food, and about gas cylinder to cook the food. In the food we consume, major portion is carbohydrate. When it is digested, glucose is formed. This glucose is used by our cells and they prepare required molecules. Or, the cells burn the molecules and utilise the strength in it. What is this burning of Glucose? Our body uses the Glucose as fuel.
The fuel we use to cook our food is called natural gas. When we burn it, the energy comes out as flame and is useful for cooking food or boiling milk or heating water. For burning gas, it requires Oxygen contained in the air. In fact, burning means using Oxygen. When we burn natural gas with Oxygen, energy comes out. In the same way, when the glucose in cells of the body is burnt, energy is created. This energy is used by our molecules for their necessities. It is easy to burn the natural gas because Oxygen is available in the air. What we require is fuel. This fuel is in the cylinders. When we require a cylinder, we make a phone call and the boy brings it. The required fuel for our body is in the food. But, Oxygen is necessary to extract energy from the food. Who will provide Oxygen to our body?
There are special cells (corpuscles) in our body to bring Oxygen. They are called red blood cells. These are in our blood. They are the reason for blood to appear in red colour. These red blood cells supply Oxygen to each and every cell of our body. They take Oxygen from the air we inhale and store it in cylinders.
In fact, there are no cylinders in these red blood cylinders. In the place of cylinders there are molecules called Haemoglobin. It is estimated that in one red blood cell, 25 crore Haemoglobins. Each Haemoglobin atom carries 4 Oxygen atoms. It means what? Each red blood cell contains 100 crore Oxygen atoms. One thing has to be mentioned here. There are 4 iron ions in each Haemoglobin atom. If these ions are not there, Haemoglobin cannot catch Oxygen. Hence, without iron, there is no Haemoglobin. If it is not there, there is no supply of Oxygen to our cells (corpuscle). When Oxygen is not there, we cannot absorb it and use energy from the food we consume. When there is no energy we become debilitated and weak. That is why doctors conduct blood test and determine the iron content and Haemoglobin in our blood. What is shortage of blood? It is inadequate Haemoglobin. This is called anaemia.
Now let us speak about traffic jams. We compared blood pipes (capillaries) with roads earlier. At the time of accidents or big pits, there would be traffic jams on the roads. Likewise, when red blood cells cannot carry oxygen, the part in our brain which does not receive Oxygen becomes defunct. We get disease like paralysis. If our heart is not supplied with oxygen, we get heart attack.
That is the reason Oxygen is called 'Air of Life'. If it is not there, we cannot burn glucose in our live cells and cannot extract strength out of it. We cannot survive without energy; hence Oxygen is termed as air of our lives.
Praveen Kumar
Manager, Chintal Branch
32 “Intelligence comes into being when the mind, the heart and the body are really harmonious” - Ramesh Kumar Bung. 33
HIGHLIGHTS DURING THE YEAR BAN CASH TRANSACTIONS OF ABOVE RS 3 LAKH TO CURB BLACKMONEY: SIT
Sri Ramesh Kumar Bung, Chairman-emeritus performing Deepawali Pooja at our Begum Bazar branch. Sri Purshotamdas Mandhana, Chairman, Sri Rampal Attal, Vice Chairman, other directors, Sri Umesh Chand Asawa, MD & CEO, staff members present on the festive occasion.
Mahesh Bank and A.P. State Cooperative Union jointly celebrated 62nd Cooperative Day at the office of the Union. The Union's M.D. Dr. A. Kishore, Sri AVV Prasad, DCO, Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Umesh Chand Asawa, MD & CEO, Sri H.S.K. Tangirala, Director, ICM, Gujarat and other officials in the photo.
The Special Investigation Team (SIT) on black money has recommended ban on cash transactions of above Rs 3 lakh and restricting cash holding with individuals to not more than Rs 15 lakh to curb illegal wealth in the economy. The SIT headed by Justice (Retd) M B Shah, submitted its fifth report to the Supreme Court on methods to curb black money in the economy. The panel felt that large amount of unaccounted wealth is stored and used in form of cash.
“Having considered the provisions which exist in this regard in various countries and also having considered various reports and observations of courts regarding cash transactions the SIT felt that there is a need to put an upper limit to cash transactions,” an official statement said. SIT recommended a total ban on cash transactions above Rs 3 lakh and “an Act be framed to declare such transactions as illegal and punishable under law.”
It also felt that, given the fact of unaccounted wealth being held in cash which are further confirmed by huge cash recoveries in numerous enforcement actions by law enforcement agencies from time to time, the cash transaction limit can only succeed if there is a limitation on cash holding. “SIT has suggested an upper limit of Rs 15 lakh on cash holding,” the statement said. Also, cash withdrawal of more than Rs 3 lakh from any bank account in a day should consider as a suspicious activity and the concerned bank should report it to Financial Intelligence Unit (FIU) & the concerned Income-tax Department, it said.
In case any person or industry required holding more cash, it may obtain necessary permission from the Commissioner of Income Tax of the area, the panel opined. SIT suggested amending the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, by incorporating the provision that “undisclosed foreign income and assets would vest in the Union of India“.
“Once it is held that under the law, property vests in Union of India, the person who is holding the said property outside the country shall have to prove that it was acquired legally and/or held after obtaining necessary permission from the RBI,” it said.
It was 1923. Place was Germany. A young man submitted a thesis written by him for the purpose of Ph. D. and shown it to his professors. All of them had rejected it saying that it was like 'school boyish'.
However, he did not get disappointed. He wanted it to publish the thesis in the name of 'Rockets into Interplanetary Space' and gave it to publishers. The publishers did not want to print it unless the writer should pay the printing cost. As a result, it could not be published.
Finally, after several attempts, the book came into light as it was published. One among its readers, there was a high school boy. At that time he was struggling to solve several mathematical problems. When he read this book, he was astonished and fascinated and decided to become a scientist of cosmology and astronomy at any cost; for this purpose, he wanted to master mathematics at any cost. From that day onwards, he endeavoured to learn mathematics.
The 'Rockets into interplanetary Space' book was authored by Hermann Oberth. The student who was influenced by reading the book and developed
Master And Pupil interest on mathematics and astronomy was Warnher Von Braun. [Wernher Magnus Maximilian Freiherr von Braun (March 23, 1912 – June 16, 1977) was a ... In his twenties and early thirties, von Braun worked in Germany's rocket development ...... He also was instrumental in the launching of the experimental Applications]. Science students might know these two names. Oberth is the father of today's Rocket technology. He is the root cause for V-2 Rockets making by Germans. Today, his book is a standard Classic. [Hermann Julius Oberth was an Austro-Hungarian-born German physicist and engineer. He is considered one of the founding fathers of rocketry and astronautics.]
Of course, his disciple Von Braun, in fact, commenced experiments of Rockets launching in America. These Guru and student have worked together in the rocket observatory in USA.
A Guru like Oberth and a disciple like Von Braun are exemplary examples.
[19th July, 2016 – Guru Poornima]
Amith Kumar Bajpai HO:PDS
32 “Intelligence comes into being when the mind, the heart and the body are really harmonious” - Ramesh Kumar Bung. 33
HIGHLIGHTS DURING THE YEAR BAN CASH TRANSACTIONS OF ABOVE RS 3 LAKH TO CURB BLACKMONEY: SIT
Sri Ramesh Kumar Bung, Chairman-emeritus performing Deepawali Pooja at our Begum Bazar branch. Sri Purshotamdas Mandhana, Chairman, Sri Rampal Attal, Vice Chairman, other directors, Sri Umesh Chand Asawa, MD & CEO, staff members present on the festive occasion.
Mahesh Bank and A.P. State Cooperative Union jointly celebrated 62nd Cooperative Day at the office of the Union. The Union's M.D. Dr. A. Kishore, Sri AVV Prasad, DCO, Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Umesh Chand Asawa, MD & CEO, Sri H.S.K. Tangirala, Director, ICM, Gujarat and other officials in the photo.
The Special Investigation Team (SIT) on black money has recommended ban on cash transactions of above Rs 3 lakh and restricting cash holding with individuals to not more than Rs 15 lakh to curb illegal wealth in the economy. The SIT headed by Justice (Retd) M B Shah, submitted its fifth report to the Supreme Court on methods to curb black money in the economy. The panel felt that large amount of unaccounted wealth is stored and used in form of cash.
“Having considered the provisions which exist in this regard in various countries and also having considered various reports and observations of courts regarding cash transactions the SIT felt that there is a need to put an upper limit to cash transactions,” an official statement said. SIT recommended a total ban on cash transactions above Rs 3 lakh and “an Act be framed to declare such transactions as illegal and punishable under law.”
It also felt that, given the fact of unaccounted wealth being held in cash which are further confirmed by huge cash recoveries in numerous enforcement actions by law enforcement agencies from time to time, the cash transaction limit can only succeed if there is a limitation on cash holding. “SIT has suggested an upper limit of Rs 15 lakh on cash holding,” the statement said. Also, cash withdrawal of more than Rs 3 lakh from any bank account in a day should consider as a suspicious activity and the concerned bank should report it to Financial Intelligence Unit (FIU) & the concerned Income-tax Department, it said.
In case any person or industry required holding more cash, it may obtain necessary permission from the Commissioner of Income Tax of the area, the panel opined. SIT suggested amending the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, by incorporating the provision that “undisclosed foreign income and assets would vest in the Union of India“.
“Once it is held that under the law, property vests in Union of India, the person who is holding the said property outside the country shall have to prove that it was acquired legally and/or held after obtaining necessary permission from the RBI,” it said.
It was 1923. Place was Germany. A young man submitted a thesis written by him for the purpose of Ph. D. and shown it to his professors. All of them had rejected it saying that it was like 'school boyish'.
However, he did not get disappointed. He wanted it to publish the thesis in the name of 'Rockets into Interplanetary Space' and gave it to publishers. The publishers did not want to print it unless the writer should pay the printing cost. As a result, it could not be published.
Finally, after several attempts, the book came into light as it was published. One among its readers, there was a high school boy. At that time he was struggling to solve several mathematical problems. When he read this book, he was astonished and fascinated and decided to become a scientist of cosmology and astronomy at any cost; for this purpose, he wanted to master mathematics at any cost. From that day onwards, he endeavoured to learn mathematics.
The 'Rockets into interplanetary Space' book was authored by Hermann Oberth. The student who was influenced by reading the book and developed
Master And Pupil interest on mathematics and astronomy was Warnher Von Braun. [Wernher Magnus Maximilian Freiherr von Braun (March 23, 1912 – June 16, 1977) was a ... In his twenties and early thirties, von Braun worked in Germany's rocket development ...... He also was instrumental in the launching of the experimental Applications]. Science students might know these two names. Oberth is the father of today's Rocket technology. He is the root cause for V-2 Rockets making by Germans. Today, his book is a standard Classic. [Hermann Julius Oberth was an Austro-Hungarian-born German physicist and engineer. He is considered one of the founding fathers of rocketry and astronautics.]
Of course, his disciple Von Braun, in fact, commenced experiments of Rockets launching in America. These Guru and student have worked together in the rocket observatory in USA.
A Guru like Oberth and a disciple like Von Braun are exemplary examples.
[19th July, 2016 – Guru Poornima]
Amith Kumar Bajpai HO:PDS
“Not to hurt and not to be hurt, that is the innocence of the heart” - Ramesh Kumar Bung. 3534
HIGHLIGHTS DURING THE YEAR
Bank opened its Stall at 76th All India Industrial Exhibition, 2016 at exhibition grounds. Sri J. Amarender Reddy, Joint Commissioner of Police, Hyderabad inaugurated the stall. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Rampal Attal, Vice Chairman, other directors, and Sri Umesh Chand Asawa, MD & CEO present on the occasion.
40 participants of ICM, Tiruvanthapuram, Kerala, along with their coordinator, Sri V.N. Babu visited Bank's Head Office on 01.03.2016 as a part of their curriculum. Sri Ramesh Kumar Bung, Chairman-emeritus and Sri Umesh Chand Asawa addressed the participants and briefed them with the functioning of the Bank.
Being unable to understand financial jargon can
be frustrating. Your financial advisor may be
doing a great job of managing your money but
you wish to understand the financial terms a little
better. Here are a few financial terms that all
investors must know.
Financial portfolio: When you invest money,
you place it in various financial assets, such as
bonds, stocks, cash, and mutual funds. These
assets make up your financial portfolio. You
should also consider that your financial portfolio
is not restricted to just the above investments. All
cash equivalents (e.g. your car, house, or bank
accounts) and even financial liabilities (e.g. a
loan) are part of your financial portfolio.
Asset allocation: You manage your financial
portfolio through asset allocation. For example,
you may decide to invest 30% of your income in
bonds and 20% in debentures and real estate
together. How you spread your investment
among these three groups based on their level of
risk is called asset allocation.
Shares and debentures: Assets generally fall
into three categories: equities, fixed income, and
cash equivalents. Shares are a kind of equity but
not the only kind. Debentures are debt
instruments that companies use to borrow
money from investors at a fixed rate of interest.
When you invest by purchasing a company
share, you become a shareholder in the
company. Your fortunes can rise or fall with that
of the company. With debentures, you are a little
more secure. That is because the company pays
you interest on your investment.
Stocks and bonds: A Stock is a share held in a
company. While, like debentures, a bond is a
loan for which the investor is the lender. There is
a certain agreed-upon date by which the
MUST-KNOW FINANCIAL TERMS FOR EVERY INVESTOR
company (the borrower) has to pay back the
money to the investor with interest. This is a
fixed-income asset. Say, you purchase a
government bond worth Rs 10,000 with a
maturity date of five years at an interest rate of
10%. Each year, you will receive 10% interest on
your investment of Rs 10,000. At maturity, you
will get the Rs 10,000 that you invested, along
with the accumulated interest.
Cash: Cash equivalents represent a low-risk
category of assets. These are highly liquid
investments with short maturity periods of three
months or less. They include currency, treasury
bills, commercial paper, and short-term bonds,
among others. Companies issue short-term cash
equivalents to meet temporary liabilities like bill
payments. The fact that these can be converted
to cash easily indicates the companies' financial
health.
Mutual Funds: This list would be incomplete
without the mention of mutual funds. As the
name suggests, these funds are pooled from
many investors to be invested in stocks, bonds,
and other money market instruments. It is easier
to invest in mutual funds than to invest on your
own. But if you want to start investing on your
own, understanding the financial terms shared
above should be helpful.
Archana Mathur
F&A: H.O.
The foundation of any great organisation is rooted in service.
Umesh Chand Asawa
“Not to hurt and not to be hurt, that is the innocence of the heart” - Ramesh Kumar Bung. 3534
HIGHLIGHTS DURING THE YEAR
Bank opened its Stall at 76th All India Industrial Exhibition, 2016 at exhibition grounds. Sri J. Amarender Reddy, Joint Commissioner of Police, Hyderabad inaugurated the stall. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-emeritus, Sri Rampal Attal, Vice Chairman, other directors, and Sri Umesh Chand Asawa, MD & CEO present on the occasion.
40 participants of ICM, Tiruvanthapuram, Kerala, along with their coordinator, Sri V.N. Babu visited Bank's Head Office on 01.03.2016 as a part of their curriculum. Sri Ramesh Kumar Bung, Chairman-emeritus and Sri Umesh Chand Asawa addressed the participants and briefed them with the functioning of the Bank.
Being unable to understand financial jargon can
be frustrating. Your financial advisor may be
doing a great job of managing your money but
you wish to understand the financial terms a little
better. Here are a few financial terms that all
investors must know.
Financial portfolio: When you invest money,
you place it in various financial assets, such as
bonds, stocks, cash, and mutual funds. These
assets make up your financial portfolio. You
should also consider that your financial portfolio
is not restricted to just the above investments. All
cash equivalents (e.g. your car, house, or bank
accounts) and even financial liabilities (e.g. a
loan) are part of your financial portfolio.
Asset allocation: You manage your financial
portfolio through asset allocation. For example,
you may decide to invest 30% of your income in
bonds and 20% in debentures and real estate
together. How you spread your investment
among these three groups based on their level of
risk is called asset allocation.
Shares and debentures: Assets generally fall
into three categories: equities, fixed income, and
cash equivalents. Shares are a kind of equity but
not the only kind. Debentures are debt
instruments that companies use to borrow
money from investors at a fixed rate of interest.
When you invest by purchasing a company
share, you become a shareholder in the
company. Your fortunes can rise or fall with that
of the company. With debentures, you are a little
more secure. That is because the company pays
you interest on your investment.
Stocks and bonds: A Stock is a share held in a
company. While, like debentures, a bond is a
loan for which the investor is the lender. There is
a certain agreed-upon date by which the
MUST-KNOW FINANCIAL TERMS FOR EVERY INVESTOR
company (the borrower) has to pay back the
money to the investor with interest. This is a
fixed-income asset. Say, you purchase a
government bond worth Rs 10,000 with a
maturity date of five years at an interest rate of
10%. Each year, you will receive 10% interest on
your investment of Rs 10,000. At maturity, you
will get the Rs 10,000 that you invested, along
with the accumulated interest.
Cash: Cash equivalents represent a low-risk
category of assets. These are highly liquid
investments with short maturity periods of three
months or less. They include currency, treasury
bills, commercial paper, and short-term bonds,
among others. Companies issue short-term cash
equivalents to meet temporary liabilities like bill
payments. The fact that these can be converted
to cash easily indicates the companies' financial
health.
Mutual Funds: This list would be incomplete
without the mention of mutual funds. As the
name suggests, these funds are pooled from
many investors to be invested in stocks, bonds,
and other money market instruments. It is easier
to invest in mutual funds than to invest on your
own. But if you want to start investing on your
own, understanding the financial terms shared
above should be helpful.
Archana Mathur
F&A: H.O.
The foundation of any great organisation is rooted in service.
Umesh Chand Asawa
36 “To take success and failure, good and bad, pain and pleasure equally is wisdom” - Ramesh Kumar Bung. 37
HIGHLIGHTS DURING THE YEAR THE FIRST VOYAGE
Sri Purshotamdas Mandhana, Chairman hoisting the National Flag on the occasion of 67th Republic day Celebrations held at Head Office. Sri Ramprakash Bhandari, Sri Kishan Gopal Maniyar and Sri Srinivas Asawa, Directors, executives of the bank and staff members paid reverence to the flag by singing national anthem.
My father passed away when I was still a young boy. He left behind considerable wealth. Like all young boys, I was thrilled to get so much wealth. I enjoyed myself with my friends. I drank good wines, visited the best places for food and spent my money buying fine silk garments and luxury items. I enjoyed all this for nearly a year but then I got into a routine. I dislike the same old friends, the same parties all over every day. I wanted a change in life.
One day, I took some money and bought some goods which I decided to trade. For this, I made contacts with a group of merchants who travelled from port to port in their merchant ship. One fine day, I set sail in a merchant ship carrying my goods to Indian Ocean.
As we sailed on, we did not see land anywhere for days. One morning we discovered an island. It was a deserted island. No vegetation grew there and we found no signs of humans or animals whatsoever. We explored it and were returning to our ship when there was a loud rumble and the earth shook. It was an earthquake. The merchants on the ship sent some boats to us who were exploring the island. All of us scrambled to the boats. But Alas! Just as I was about to get into a boat, there was a huge sea wave, the earth shook once more and the island sank into the sea. All of my friends were safe on the boats and had reached the ship while I was left in the rough sea waters. When I looked around, I realized that we had mistaken the back of a giant whale to be an island. When it went into water, we had thought there was an earthquake.
I tried to swim to save myself. The merchants in the ship took me to be dead and soon the ship set sail and went away. I saw a log floating by and clung to it till I reached a tiny island. I lay on the beach of the island for a while. Then I got up to explore the island. I found some wild fruit trees. I took some fruits to feed myself and walked on. I came to an opening where I saw a large green meadow. A horse was grazing there. As I approached the horse, a came to me and asked, "Who are you, my friend?” I replied, "I am Sindbad, the sailor." Then I told him my tale. The man introduced himself, "King Mihrage is the owner of this and I work as a stable groom for him. Let's go to meet him." I went with the stable groom to King Mihrage's palace. There he, too, heard my tale and said, "You are our guest,
Sindbad. Stay here for as long as you want to."
I stayed in the palace and had a luxurious life. I went around exploring the other nearby islands. On one island, a ghost resided. All night long I could hear him beating drums. Then one day as I was sitting on the beach I saw fish in the sea waters. They were no ordinary fish. Each one was nearly a hundred and twenty feet in length.
On King Mihrage's island, I befriended many merchants. Once when I was on the islands port, I watched the merchant ships anchored there. I happened to see packages of goods that were addressed in my name. I realised they were the goods I had carried in the ship that had left without me. I looked around carefully and to my joyful surprise, I saw the merchant ship. I went onto the ship and surely there were my merchant friends. They welcomed me with open arms. They were happy to learn that I was alive. Then the Captain gave me tea and refreshments. He invited me to join him and the merchants again. He told me that the ship would set sail that evening.
I left the ship and rushed to the palace. There I informed King Mihrage of my good luck at finding the merchant ship. I took his leave. He was sad to let me go but I made him happy when I gave him gifts. The gifts were my goods that I had found in the ship and at the port. I then bought some goods from the islanders and loaded with the ship that took me back to Baghdad. In Baghdad, I sold the exclusive goods from the islands at a great price. I made a lot of money. Then I bought a large mansion with luxurious interiors. I saved some wealth for the future and enjoyed myself for a few years."
Then Sindbad turned to his guests and said, "So, my friends, which was the tale of my first voyage. All of you and my dear friend, Hindbad, too, must come for a feast tomorrow evening. Then I'll tell you about my second voyage." As the guests left, Sindbad called Hindbad and gave him a hundred gold coins as a goodwill gift. Hindbad was joyous to receive so much money. He thanked Sindbad for his generosity and promised to come the next evening.
Musheera Begum
HO :F&A.
36 “To take success and failure, good and bad, pain and pleasure equally is wisdom” - Ramesh Kumar Bung. 37
HIGHLIGHTS DURING THE YEAR THE FIRST VOYAGE
Sri Purshotamdas Mandhana, Chairman hoisting the National Flag on the occasion of 67th Republic day Celebrations held at Head Office. Sri Ramprakash Bhandari, Sri Kishan Gopal Maniyar and Sri Srinivas Asawa, Directors, executives of the bank and staff members paid reverence to the flag by singing national anthem.
My father passed away when I was still a young boy. He left behind considerable wealth. Like all young boys, I was thrilled to get so much wealth. I enjoyed myself with my friends. I drank good wines, visited the best places for food and spent my money buying fine silk garments and luxury items. I enjoyed all this for nearly a year but then I got into a routine. I dislike the same old friends, the same parties all over every day. I wanted a change in life.
One day, I took some money and bought some goods which I decided to trade. For this, I made contacts with a group of merchants who travelled from port to port in their merchant ship. One fine day, I set sail in a merchant ship carrying my goods to Indian Ocean.
As we sailed on, we did not see land anywhere for days. One morning we discovered an island. It was a deserted island. No vegetation grew there and we found no signs of humans or animals whatsoever. We explored it and were returning to our ship when there was a loud rumble and the earth shook. It was an earthquake. The merchants on the ship sent some boats to us who were exploring the island. All of us scrambled to the boats. But Alas! Just as I was about to get into a boat, there was a huge sea wave, the earth shook once more and the island sank into the sea. All of my friends were safe on the boats and had reached the ship while I was left in the rough sea waters. When I looked around, I realized that we had mistaken the back of a giant whale to be an island. When it went into water, we had thought there was an earthquake.
I tried to swim to save myself. The merchants in the ship took me to be dead and soon the ship set sail and went away. I saw a log floating by and clung to it till I reached a tiny island. I lay on the beach of the island for a while. Then I got up to explore the island. I found some wild fruit trees. I took some fruits to feed myself and walked on. I came to an opening where I saw a large green meadow. A horse was grazing there. As I approached the horse, a came to me and asked, "Who are you, my friend?” I replied, "I am Sindbad, the sailor." Then I told him my tale. The man introduced himself, "King Mihrage is the owner of this and I work as a stable groom for him. Let's go to meet him." I went with the stable groom to King Mihrage's palace. There he, too, heard my tale and said, "You are our guest,
Sindbad. Stay here for as long as you want to."
I stayed in the palace and had a luxurious life. I went around exploring the other nearby islands. On one island, a ghost resided. All night long I could hear him beating drums. Then one day as I was sitting on the beach I saw fish in the sea waters. They were no ordinary fish. Each one was nearly a hundred and twenty feet in length.
On King Mihrage's island, I befriended many merchants. Once when I was on the islands port, I watched the merchant ships anchored there. I happened to see packages of goods that were addressed in my name. I realised they were the goods I had carried in the ship that had left without me. I looked around carefully and to my joyful surprise, I saw the merchant ship. I went onto the ship and surely there were my merchant friends. They welcomed me with open arms. They were happy to learn that I was alive. Then the Captain gave me tea and refreshments. He invited me to join him and the merchants again. He told me that the ship would set sail that evening.
I left the ship and rushed to the palace. There I informed King Mihrage of my good luck at finding the merchant ship. I took his leave. He was sad to let me go but I made him happy when I gave him gifts. The gifts were my goods that I had found in the ship and at the port. I then bought some goods from the islanders and loaded with the ship that took me back to Baghdad. In Baghdad, I sold the exclusive goods from the islands at a great price. I made a lot of money. Then I bought a large mansion with luxurious interiors. I saved some wealth for the future and enjoyed myself for a few years."
Then Sindbad turned to his guests and said, "So, my friends, which was the tale of my first voyage. All of you and my dear friend, Hindbad, too, must come for a feast tomorrow evening. Then I'll tell you about my second voyage." As the guests left, Sindbad called Hindbad and gave him a hundred gold coins as a goodwill gift. Hindbad was joyous to receive so much money. He thanked Sindbad for his generosity and promised to come the next evening.
Musheera Begum
HO :F&A.
38 39
Sri Purshotamdas Mandhana, Chairman cutting the New Year cake on 01.01.2016 at Head Office. Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and staff members at the event.
Bank opened its 40th Branch at Abids, Hyderabad along with ATM facility on 12th February, 2016. Sri Veera Brahmaih, IAS, Commissioner for Cooperation and Registrar of Cooperative Societies, Sri V.B. Kamalasan Reddy, IPS, Dy. Commissioner of Police, Central Zone have inaugurated the branch. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO, other executives and staff present at the inaugural function.
HIGHLIGHTS DURING THE YEAR BANKING AWARENESS01. Who is the Chairman of Working Group on
Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds?
02. In the abbreviation CERT-IN, the letter C stands for what?
03. Who have come out with National Cyber Crisis Management Plan and Cyber Security Assessment Frame work?
04. Which aspect CCMP should address?
05. Who has set up Indian Banks – Centre for Analysis of Risks and Threats (IB-CART)?
06. Who is the Chairperson of the SAARC-FINANCE Group?
07. Which Act provides the statutory framework for the regulation of Foreign Exchange derivatives contracts?
08. In the OTC, interest rate derivatives (IRD) segment, interest rate swaps (IRS) and forward rate agreements (FRA) are permitted on various benchmarks. In this, who can take hedging and trading positions?
09. Who acts as the 'lender of the last resort' for banks in India?
10. By providing the facility of opening accounts for banks, who becomes the common banker, known as 'Banker to Bankers' in India?
11. Indian Companies are allowed to raise external commercial borrowings. It includes -------
12. When Indian Rupee was delinked from the Pound Sterling?
13. When the Liberalised Exchange Rate Management System (LERMS) involving the dual exchange rate was instituted in India?
14. With effect from 01.03.1993, LERMS was replaced by ------
15. Which bank is the custodian of the Indian foreign exchange reserves and is vested with the responsibility of managing their investment?
16. What is the aim of Monetary Policy of RBI?
17. Since October 2013, the Reserve Bank has introduced term repos of different tenors to
inject liquidity over a period that is longer than overnight. What are these different tenors?
18. What is Marginal Standing Facility (MSF)?
19. What is the Bank Rate?
20. Market Stabilisation Scheme (MSS) is an instrument for monetary management was introduced in which year?
21. With the agreement on Monetary Policy Framework between the Government and the RBI, the Reserve Bank has formally adopted a flexible inflation targeting (FIT) framework. When was this agreement signed?
22. What i s necessary precondi t ion to sustainable growth and financial stability?
23. What India has been doing in the face of the global uncertainties?
24. What is Derivative used in financial markets?
25. Following the breakdown of the Breton Woods, which led to floating exchange rate, the CME introduced the first currency features in 1972. What is C in CME?
26. With nationalisation of what the public sector banking commenced in India?
27. When India embarked upon financial sector liberalisation in a phased manner?
28. Banking Industry was deregulated by way of allowing entry of new private sector banks. In 1993 initially, how many new private Indian banks were set up?
29. What are the notable features towards deregulation of banking sector?
30. What are the essential components of sound NPA management in banks in India?
31. What is the objective of the Corporate Debt Structuring (CDR) framework?
32. In the event of failure of the measures already taken, to what steps banks resort to?
33. Who was appointed as the first Indian governor of the Reserve Bank?
34. Headquarters of Bandhan Bank is in --------
[Answers on Page No.: ]49
“Self-surrender should not be done to anything less than the Truth” - Ramesh Kumar Bung.
38 39
Sri Purshotamdas Mandhana, Chairman cutting the New Year cake on 01.01.2016 at Head Office. Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and staff members at the event.
Bank opened its 40th Branch at Abids, Hyderabad along with ATM facility on 12th February, 2016. Sri Veera Brahmaih, IAS, Commissioner for Cooperation and Registrar of Cooperative Societies, Sri V.B. Kamalasan Reddy, IPS, Dy. Commissioner of Police, Central Zone have inaugurated the branch. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO, other executives and staff present at the inaugural function.
HIGHLIGHTS DURING THE YEAR BANKING AWARENESS01. Who is the Chairman of Working Group on
Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds?
02. In the abbreviation CERT-IN, the letter C stands for what?
03. Who have come out with National Cyber Crisis Management Plan and Cyber Security Assessment Frame work?
04. Which aspect CCMP should address?
05. Who has set up Indian Banks – Centre for Analysis of Risks and Threats (IB-CART)?
06. Who is the Chairperson of the SAARC-FINANCE Group?
07. Which Act provides the statutory framework for the regulation of Foreign Exchange derivatives contracts?
08. In the OTC, interest rate derivatives (IRD) segment, interest rate swaps (IRS) and forward rate agreements (FRA) are permitted on various benchmarks. In this, who can take hedging and trading positions?
09. Who acts as the 'lender of the last resort' for banks in India?
10. By providing the facility of opening accounts for banks, who becomes the common banker, known as 'Banker to Bankers' in India?
11. Indian Companies are allowed to raise external commercial borrowings. It includes -------
12. When Indian Rupee was delinked from the Pound Sterling?
13. When the Liberalised Exchange Rate Management System (LERMS) involving the dual exchange rate was instituted in India?
14. With effect from 01.03.1993, LERMS was replaced by ------
15. Which bank is the custodian of the Indian foreign exchange reserves and is vested with the responsibility of managing their investment?
16. What is the aim of Monetary Policy of RBI?
17. Since October 2013, the Reserve Bank has introduced term repos of different tenors to
inject liquidity over a period that is longer than overnight. What are these different tenors?
18. What is Marginal Standing Facility (MSF)?
19. What is the Bank Rate?
20. Market Stabilisation Scheme (MSS) is an instrument for monetary management was introduced in which year?
21. With the agreement on Monetary Policy Framework between the Government and the RBI, the Reserve Bank has formally adopted a flexible inflation targeting (FIT) framework. When was this agreement signed?
22. What i s necessary precondi t ion to sustainable growth and financial stability?
23. What India has been doing in the face of the global uncertainties?
24. What is Derivative used in financial markets?
25. Following the breakdown of the Breton Woods, which led to floating exchange rate, the CME introduced the first currency features in 1972. What is C in CME?
26. With nationalisation of what the public sector banking commenced in India?
27. When India embarked upon financial sector liberalisation in a phased manner?
28. Banking Industry was deregulated by way of allowing entry of new private sector banks. In 1993 initially, how many new private Indian banks were set up?
29. What are the notable features towards deregulation of banking sector?
30. What are the essential components of sound NPA management in banks in India?
31. What is the objective of the Corporate Debt Structuring (CDR) framework?
32. In the event of failure of the measures already taken, to what steps banks resort to?
33. Who was appointed as the first Indian governor of the Reserve Bank?
34. Headquarters of Bandhan Bank is in --------
[Answers on Page No.: ]49
“Self-surrender should not be done to anything less than the Truth” - Ramesh Kumar Bung.
40 “Your conscience is a good friend, listen to it more often” - Ramesh Kumar Bung. 41
Bank opened its 41st Branch at Bhilwara, Rajasthan along with ATM on 28th February, 2016. Sri Subhash Chandra Baheria, MP, Bhilwara, Sri Vittal Sankar Awasthi, MLA inaugurated the new branch by cutting the ribbon. Smt. Lalitha Samdani, Chairman, Nagar Parishad, Sri Ramkumar Bhutra, General Secretary, All India Maheswari Sabha, Sri Rampal Soni, Chairman, Sangam Group, Sri Trilokchand Chabra, Chairman, RCM Group lighted the lamp. Other distinguished guests have also taken part in the inaugural function. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, other Directors, Sri Umesh Chand Asawa, MD & CEO, invitees and customers were present on the occasion.
Let us not mistake activity for productivity. Time and effort can never be managed in isolation. It is always managed in the context of what you want from life and where you want to reach in life. Effort without direction is activity. Effort with direction is productivity. Umesh Chand Asawa
HIGHLIGHTS DURING THE YEAR
RBI ASKS LENDERS TO REVISE THEIR KNOW-YOUR-CUSTOMER REGULATIONS
WITH IMMEDIATE EFFECT
People wanting to open a bank account will now just need to submit a declaration detailing their
current address, the Reserve Bank of India (RBI) said on18th July, 2016, a move that will benefit
millions living in rented accommodation.
“No proof is required to be submitted for such address for correspondence. This address may be
verified by the bank through 'positive confirmation' such as acknowledgment of receipt of (i) letter,
cheque books, ATM cards; (ii) telephonic conversation; (iii) visits; etc.,” RBI said in a notification. The
regulator asked banks to revise their know-your-customer (KYC) rules with immediate effect.
“Henceforth, customers may submit only one documentary proof of address (either current or
permanent) while opening a bank account or while undergoing periodic updation,” the central bank
said. “In case the address mentioned as per proof of address undergoes a change, fresh proof of
address may be submitted to the branch within a period of six months.”
Current RBI norms mandate that customers who want to open a bank account should submit an
identity proof like a PAN card, voter's ID, driving licence or any other identity, along with utility bills
that detail the permanent address of a customer such as a telephone bill, electricity bill or ration card.
RBI clarified that in case a customer is staying away from his permanent residence, a simple
declaration by the customer detailing his or her local address will suffice to open a new bank account.
Any change in the local address of the customer should be intimated to the bank “within two weeks of
such a change”, RBI said. The change has been made following “representations from various
quarters, especially migrant workers and transferred employees, etc., regarding problems faced in
submitting a proof of current/permanent address while opening a bank account”, the central bank
said. Easing of KYC norms has been in the works for some time now. At the annual convocation of the
National Institute of Bank Management in April, RBI governor Raghuram Rajan said it is a “shame”
that so many people in the country don't have access to banking. “Can we do this (KYC) better
(without) compromising on security, while allowing ease of access? If it (KYC) becomes a bureaucratic
end-in-itself and prevents us from expanding access even while not doing so much to keep the crooks
away from the system, we have to re-examine them,” Rajan had said.
SINGLE ADDRESS PROOF ENOUGH TO OPEN NEW BANK ACCOUNT: RBI
40 “Your conscience is a good friend, listen to it more often” - Ramesh Kumar Bung. 41
Bank opened its 41st Branch at Bhilwara, Rajasthan along with ATM on 28th February, 2016. Sri Subhash Chandra Baheria, MP, Bhilwara, Sri Vittal Sankar Awasthi, MLA inaugurated the new branch by cutting the ribbon. Smt. Lalitha Samdani, Chairman, Nagar Parishad, Sri Ramkumar Bhutra, General Secretary, All India Maheswari Sabha, Sri Rampal Soni, Chairman, Sangam Group, Sri Trilokchand Chabra, Chairman, RCM Group lighted the lamp. Other distinguished guests have also taken part in the inaugural function. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, other Directors, Sri Umesh Chand Asawa, MD & CEO, invitees and customers were present on the occasion.
Let us not mistake activity for productivity. Time and effort can never be managed in isolation. It is always managed in the context of what you want from life and where you want to reach in life. Effort without direction is activity. Effort with direction is productivity. Umesh Chand Asawa
HIGHLIGHTS DURING THE YEAR
RBI ASKS LENDERS TO REVISE THEIR KNOW-YOUR-CUSTOMER REGULATIONS
WITH IMMEDIATE EFFECT
People wanting to open a bank account will now just need to submit a declaration detailing their
current address, the Reserve Bank of India (RBI) said on18th July, 2016, a move that will benefit
millions living in rented accommodation.
“No proof is required to be submitted for such address for correspondence. This address may be
verified by the bank through 'positive confirmation' such as acknowledgment of receipt of (i) letter,
cheque books, ATM cards; (ii) telephonic conversation; (iii) visits; etc.,” RBI said in a notification. The
regulator asked banks to revise their know-your-customer (KYC) rules with immediate effect.
“Henceforth, customers may submit only one documentary proof of address (either current or
permanent) while opening a bank account or while undergoing periodic updation,” the central bank
said. “In case the address mentioned as per proof of address undergoes a change, fresh proof of
address may be submitted to the branch within a period of six months.”
Current RBI norms mandate that customers who want to open a bank account should submit an
identity proof like a PAN card, voter's ID, driving licence or any other identity, along with utility bills
that detail the permanent address of a customer such as a telephone bill, electricity bill or ration card.
RBI clarified that in case a customer is staying away from his permanent residence, a simple
declaration by the customer detailing his or her local address will suffice to open a new bank account.
Any change in the local address of the customer should be intimated to the bank “within two weeks of
such a change”, RBI said. The change has been made following “representations from various
quarters, especially migrant workers and transferred employees, etc., regarding problems faced in
submitting a proof of current/permanent address while opening a bank account”, the central bank
said. Easing of KYC norms has been in the works for some time now. At the annual convocation of the
National Institute of Bank Management in April, RBI governor Raghuram Rajan said it is a “shame”
that so many people in the country don't have access to banking. “Can we do this (KYC) better
(without) compromising on security, while allowing ease of access? If it (KYC) becomes a bureaucratic
end-in-itself and prevents us from expanding access even while not doing so much to keep the crooks
away from the system, we have to re-examine them,” Rajan had said.
SINGLE ADDRESS PROOF ENOUGH TO OPEN NEW BANK ACCOUNT: RBI
HIGHLIGHTS DURING THE YEAR
42 “If you miss an opportunity, do not cloud your eyes with tears; keep your vision clear that you will not miss the next one” - Ramesh Kumar Bung. 43
Our Charminar Branch was shifted to a new spacious premises on 28th March, 2016. An onsite ATM was also installed. Sri V. Satyanarayana, IPS, Dy. Commissioner of Police, South Zone and Sri Ashok Chakravarthy, Asst. Commissioner of Police, Charminar and Smt. Renu Soni, Corporator inaugurated the branch and ATM. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO present at the event.
Sri Umesh Chand Asawa, MD & CEO inaugurating Training Programme conducted for promoted officers at Staff Training College. Participants can be seen in the photo.
Bent bodies, greying hair, back-aches, spondylitis, lack of vitality & stamina, stomach disorders, joint pains, muscle ruptures…the list is endless. And so is the fact that these are not the ailments of a 70-yr old, but 30-year-olds and even younger. Unfortunately, while a fast paced modern lifestyle has its perks, it is but short lived as it brings with it the perils of a body that is rapidly ageing.
Looking beautiful, having a great body, is something that plagues everyone today, young and old alike. As a result, long hours spent at the gym, running on the treadmill and various other modern fitness mantras and diet regimes in the hope of staying young and maintaining your youthful glow. All of these work on the principle of increasing body's metabolism. You sure get in shape, but as an equal and opposite reaction, your cells deteriorate at an exponential rate. Ruptured joints, weak and bent spines, loss of glow and stamina, are natural by-products. It is said that gymming continuously for years can ruin your knees, dry up your vital fluids, and damage your spine.
Vedic rishis were masters of the body and gave us Asanas. Asanas are not exercises but tools to increase the strength and vitality of the body by slowing down and optimising the metabolism of body. So perfect is the science of Asanas that not even one asana puts strain on 5th or 6th vertebra, which can cause serious damage to the body. We will look at a set of Asanas from Sanatan Kriya that will help strengthen the Muscular and Skeletal system.
Asanas work on the principle of consciousness and affect etheric layers of the body which in turn control physical body. Our musculature and skeletal framework is governed by the Mooladhar chakra in the etheric body (corresponding to the base of the spine in the physical body), along with the survival instinct. The Mooladhar chakra is said to be the highest chakra in an animal and the lowest in a human being. Any imbalance in this chakra leads to Neuro-muscular problems, weak bones, anxiety, stress, fear, disorders of the excreta organs and even affects the heart. To keep such diseases at bay, we will look at a set of Asanas, to help activate the chakra that controls their vital functioning.
Vrikshasana: Stand tall with arms by the side of your body. Bend your right knee, bringing the right foot high up to your left thigh, such that the sole of the foot rests firmly near the root of the thigh. Find yourself a perfect crevice where your foot can firmly hold itself there. Ensure the left leg is straight and not bent. As your body is in balance, gently raise your arms over the head and join your palms in a Namaskar position. Maintain the awareness of Mool chakra. Gently bring your hands down and your right leg. Repeat this posture with the other leg.
Caution: This asana should not be attempted by people with problems of knee or sciatica.
Utthanasana: Bring your left leg down while holding the hands above the head. Spread your legs apart with toes pointing outwards. Keeping the back and neck straight and buttocks squeezed in; bend the knees to go down by about ten inches. Maintain ujjai breath. Hold this posture for a count of seven and then go down another ten inches. Once again hold for a count of seven and go further down so as to squat. The heels stay on the floor and the back does not bend. Stay for a count of seven.
Caution: The asana must not be practiced in case of uterus prolapsed and after three months of pregnancy.
Naukasana: Next, lie down on the back. Exhale, raise your legs (joint together) to about twenty-five degrees. Also raise your upper body and your arms (the arms will point forward) to twenty-five degrees. Maintain the posture for as long as you can. Ensure that your back is straight and knees do not bend. Inhale; come back to the starting position.
We may note here that Asanas are not exercises. They are the gradual process of evolution in the body effectuated under sanidhya of a Guru. They are to be performed gently, with eyes closed, internal awareness and breathing in Ujjai, or long deep breaths.
Ensure you are wearing comfortable clothes and are in a well-ventilated place.
A. Swapna
Receptionist: H.O.
ASANAS FOR A STRONG MUSCULAR SYSTEM
HIGHLIGHTS DURING THE YEAR
42 “If you miss an opportunity, do not cloud your eyes with tears; keep your vision clear that you will not miss the next one” - Ramesh Kumar Bung. 43
Our Charminar Branch was shifted to a new spacious premises on 28th March, 2016. An onsite ATM was also installed. Sri V. Satyanarayana, IPS, Dy. Commissioner of Police, South Zone and Sri Ashok Chakravarthy, Asst. Commissioner of Police, Charminar and Smt. Renu Soni, Corporator inaugurated the branch and ATM. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO present at the event.
Sri Umesh Chand Asawa, MD & CEO inaugurating Training Programme conducted for promoted officers at Staff Training College. Participants can be seen in the photo.
Bent bodies, greying hair, back-aches, spondylitis, lack of vitality & stamina, stomach disorders, joint pains, muscle ruptures…the list is endless. And so is the fact that these are not the ailments of a 70-yr old, but 30-year-olds and even younger. Unfortunately, while a fast paced modern lifestyle has its perks, it is but short lived as it brings with it the perils of a body that is rapidly ageing.
Looking beautiful, having a great body, is something that plagues everyone today, young and old alike. As a result, long hours spent at the gym, running on the treadmill and various other modern fitness mantras and diet regimes in the hope of staying young and maintaining your youthful glow. All of these work on the principle of increasing body's metabolism. You sure get in shape, but as an equal and opposite reaction, your cells deteriorate at an exponential rate. Ruptured joints, weak and bent spines, loss of glow and stamina, are natural by-products. It is said that gymming continuously for years can ruin your knees, dry up your vital fluids, and damage your spine.
Vedic rishis were masters of the body and gave us Asanas. Asanas are not exercises but tools to increase the strength and vitality of the body by slowing down and optimising the metabolism of body. So perfect is the science of Asanas that not even one asana puts strain on 5th or 6th vertebra, which can cause serious damage to the body. We will look at a set of Asanas from Sanatan Kriya that will help strengthen the Muscular and Skeletal system.
Asanas work on the principle of consciousness and affect etheric layers of the body which in turn control physical body. Our musculature and skeletal framework is governed by the Mooladhar chakra in the etheric body (corresponding to the base of the spine in the physical body), along with the survival instinct. The Mooladhar chakra is said to be the highest chakra in an animal and the lowest in a human being. Any imbalance in this chakra leads to Neuro-muscular problems, weak bones, anxiety, stress, fear, disorders of the excreta organs and even affects the heart. To keep such diseases at bay, we will look at a set of Asanas, to help activate the chakra that controls their vital functioning.
Vrikshasana: Stand tall with arms by the side of your body. Bend your right knee, bringing the right foot high up to your left thigh, such that the sole of the foot rests firmly near the root of the thigh. Find yourself a perfect crevice where your foot can firmly hold itself there. Ensure the left leg is straight and not bent. As your body is in balance, gently raise your arms over the head and join your palms in a Namaskar position. Maintain the awareness of Mool chakra. Gently bring your hands down and your right leg. Repeat this posture with the other leg.
Caution: This asana should not be attempted by people with problems of knee or sciatica.
Utthanasana: Bring your left leg down while holding the hands above the head. Spread your legs apart with toes pointing outwards. Keeping the back and neck straight and buttocks squeezed in; bend the knees to go down by about ten inches. Maintain ujjai breath. Hold this posture for a count of seven and then go down another ten inches. Once again hold for a count of seven and go further down so as to squat. The heels stay on the floor and the back does not bend. Stay for a count of seven.
Caution: The asana must not be practiced in case of uterus prolapsed and after three months of pregnancy.
Naukasana: Next, lie down on the back. Exhale, raise your legs (joint together) to about twenty-five degrees. Also raise your upper body and your arms (the arms will point forward) to twenty-five degrees. Maintain the posture for as long as you can. Ensure that your back is straight and knees do not bend. Inhale; come back to the starting position.
We may note here that Asanas are not exercises. They are the gradual process of evolution in the body effectuated under sanidhya of a Guru. They are to be performed gently, with eyes closed, internal awareness and breathing in Ujjai, or long deep breaths.
Ensure you are wearing comfortable clothes and are in a well-ventilated place.
A. Swapna
Receptionist: H.O.
ASANAS FOR A STRONG MUSCULAR SYSTEM
44 45
HIGHLIGHTS DURING THE YEAR
Sri Sivananda Raja, Senior Vice President, Tech-Mahindra has visited Bank's Head Office during March, 2016 and enlightened the gathering about Customer Service. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO, executives and staff members took part in the meeting.
Smt. Ranjana Sharma, Dy. General Manager and other women employees celebrating International Women's Day at Head Office.
DO YOUDO YOUDO YOU
KNOWKNOWKNOW???DO YOUDO YOUDO YOU
KNOWKNOWKNOW???DO YOUDO YOUDO YOU
KNOWKNOWKNOW???01. Australia used to be called as 'New Holland'
earlier.
02. Every year 6 crore tourists visit France. The population of France is also 6 crore.
03. The record of acting in more number of films is in the name of Malayalam actor Prem Nazir. He acted in 725 films and holds Gunnies Book of World record. The record of playing double roles is in his name only. He played double roles in 33 films.
04. The stickers 'Made in China' are made in Japan, Taiwan, South Korea and Cuba.
05. Highest number of vegetarians lives in India.
06. There are no volcanoes in Australia.
07. There are 17500 museums in America.
08. In Spain's national anthem, there are tunes and music only. There are no lyrics.
09. Man's nose can feel 50000 types of smell.
10. In 2008, there were only 818 recognised Yoga centres in USA. Now the number has reached to 3900.
11. The population of women in Russia is 120 lakh more than men.
12. There is 3 G mobile coverage from Everest base camp to top summit. The firm called Ncell is providing this facility.
13. There is an airplane going from Westray Island (near Scotland) to Papa Westray. The travel time is only 2 minutes.
14. 25% of people driving cars in the world are doing left side driving.
15. When a picture is seen, the image is inverted in the yes. Since the brain also receives it inverted, the image is viewed in a correct form.
16. Winds blow at the speed of 1300 miles per hour on Neptune planet.
17. In 1911, the Niagara waterfalls were totally frozen.
18. The number of guns in America is more than its population.
19. There is a red sandalwood tree in California, which is 380 feet high. It is the highest tree in the world.
20. Bollywood is older than Hollywood. The first picture released in Hollywood was in 1907, whereas the f irst picture in Bollywood was in 1899.
21. So far, 12 astronauts have landed on moon.
22. Firstly, an hour has been divided into minutes. Later, secondly, each minute has been divided into seconds. That is why it is being called as second.
23. Even Dolphins give names to them. They call each other with sounds like whistles.
24. The waves of Tsunami travel with a speed of 700 kilometres per hour in the sea.
25. It is a crime in Russia to drive cars which have dust.
26. You have to undergo haircut in North Korea in 28 types of hairstyles devised by the Government. No new style haircut is permitted.
27. 30 crores of photos are uploaded in Facebook daily.
28. The world's biggest 3 D IMAX screen is in Prasad's IMAX theatre, Hyderabad.
29. 70% of the mobile phones in the world are made in China.
30. In book reading, India is top in the world. Indians spend 10 hours 42 minutes per week in reading books and magazines.
P. Venugopal Reddy
HO: Credit
If your intentions are genuine and the motive is only to make a difference, go ahead and do it.
Purshotamdas Mandhana
“To smile at an enemy is to disarm him” - Ramesh Kumar Bung.
44 45
HIGHLIGHTS DURING THE YEAR
Sri Sivananda Raja, Senior Vice President, Tech-Mahindra has visited Bank's Head Office during March, 2016 and enlightened the gathering about Customer Service. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO, executives and staff members took part in the meeting.
Smt. Ranjana Sharma, Dy. General Manager and other women employees celebrating International Women's Day at Head Office.
DO YOUDO YOUDO YOU
KNOWKNOWKNOW???DO YOUDO YOUDO YOU
KNOWKNOWKNOW???DO YOUDO YOUDO YOU
KNOWKNOWKNOW???01. Australia used to be called as 'New Holland'
earlier.
02. Every year 6 crore tourists visit France. The population of France is also 6 crore.
03. The record of acting in more number of films is in the name of Malayalam actor Prem Nazir. He acted in 725 films and holds Gunnies Book of World record. The record of playing double roles is in his name only. He played double roles in 33 films.
04. The stickers 'Made in China' are made in Japan, Taiwan, South Korea and Cuba.
05. Highest number of vegetarians lives in India.
06. There are no volcanoes in Australia.
07. There are 17500 museums in America.
08. In Spain's national anthem, there are tunes and music only. There are no lyrics.
09. Man's nose can feel 50000 types of smell.
10. In 2008, there were only 818 recognised Yoga centres in USA. Now the number has reached to 3900.
11. The population of women in Russia is 120 lakh more than men.
12. There is 3 G mobile coverage from Everest base camp to top summit. The firm called Ncell is providing this facility.
13. There is an airplane going from Westray Island (near Scotland) to Papa Westray. The travel time is only 2 minutes.
14. 25% of people driving cars in the world are doing left side driving.
15. When a picture is seen, the image is inverted in the yes. Since the brain also receives it inverted, the image is viewed in a correct form.
16. Winds blow at the speed of 1300 miles per hour on Neptune planet.
17. In 1911, the Niagara waterfalls were totally frozen.
18. The number of guns in America is more than its population.
19. There is a red sandalwood tree in California, which is 380 feet high. It is the highest tree in the world.
20. Bollywood is older than Hollywood. The first picture released in Hollywood was in 1907, whereas the f irst picture in Bollywood was in 1899.
21. So far, 12 astronauts have landed on moon.
22. Firstly, an hour has been divided into minutes. Later, secondly, each minute has been divided into seconds. That is why it is being called as second.
23. Even Dolphins give names to them. They call each other with sounds like whistles.
24. The waves of Tsunami travel with a speed of 700 kilometres per hour in the sea.
25. It is a crime in Russia to drive cars which have dust.
26. You have to undergo haircut in North Korea in 28 types of hairstyles devised by the Government. No new style haircut is permitted.
27. 30 crores of photos are uploaded in Facebook daily.
28. The world's biggest 3 D IMAX screen is in Prasad's IMAX theatre, Hyderabad.
29. 70% of the mobile phones in the world are made in China.
30. In book reading, India is top in the world. Indians spend 10 hours 42 minutes per week in reading books and magazines.
P. Venugopal Reddy
HO: Credit
If your intentions are genuine and the motive is only to make a difference, go ahead and do it.
Purshotamdas Mandhana
“To smile at an enemy is to disarm him” - Ramesh Kumar Bung.
“Be grateful that you don’t have everything you want. That means you have the opportunity of being happier tomorrow than you are today” - Ramesh Kumar Bung. 4746
HIGHLIGHTS DURING THE YEAR ALL YOU WANT TO KNOW ABOUT FORM NUMBER 16
Panchanga Sravanam was conducted during Ugadi festival at Head Office. Sri Bhavani Sankar Kedia and Sri Nookala Yagna Narayana Sarma, well-known astrologers briefed the predictions for the Hindu year. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and employees took part in the Ugadi celebrations.
Sri P.S. Jagannatham, Sr. Divisional Manager, LIC and Sri Purshotamdas Mandhana, Chairman have exchanged the MOU on 01.04.2016 at Head Office. Sri G. Swaminathan, Marketing Manager, Sri L.K. Sham Sunder, RM, Marketing, Smt. Usha Sree, Manager, LIC of India, Sri Umesh Chand Asawa, MD and other officials during the meet.
Filling up Form 16 is not as complicated as you think. In case thinking about it worries you, relax! Like always, we’ve got you covered. We’ll explain all the complicated parts of Form 16 for you so that you aren’t confused anymore.
What is Form 16? : Form 16 is a tax document that carries all the information a salaried individual requires to file their Income Tax return. As per the tax rules of India, you need Form 16 as a proof that your employer has deducted TDS on your salary. It’s issued on a yearly basis, and you’re supposed to fill it on or before 31st August every year. Form 16 has two parts—A and B. Here are the details:
Form 16 Part A/Traces Form 16: It consists of the PAN (Permanent Account Number) and TAN (Tax deduction & collection Account Number) details of both the employer and employee. Apart from these, it also mentions various other details like the name and address of both the employer and the employee, the assessment year and the time you spent working with the employer. It also showcases a detailed summary of the TDS deductions from your monthly salary.
Form 16 Part B/Salary Statement/Annexure: Apart from carrying the details of your yearly earnings, this part mentions other crucial details like deductions that you claimed under Section 80 of the Income Tax Act. These include Life Insurance premium, EPF, PPF, NSC, or donations made towards charity. It basically gives your total taxable income.
Who is supposed to fill Form 16?: According to the regulations issued by the Finance Ministry of the Indian Government, every salaried individual who falls under a taxable bracket is supposed to fill this form.
How to get it?: Your employer will provide you with this document which is also commonly known as a salary certificate. If you fall under a taxable bracket, this form will be indispensable when filing your Income Tax return. In case you don’t receive it from your employer, you can also download the PDF version from the website of the Income Tax Department.
Why do you need to fill it?
• You need Form 16 while filing your income tax returns for the financial year.
• It reflects your total earnings and Income Tax that has been deducted from your salary. You’d want to know what that is, right?
• While applying for any kind of loan, banks will most likely ask for your Form 16, as a part of their verification process.
Let’s see how to fill your ITR-V using Form 16.
Filing your ITR (Income Tax Return) online
using your Form 16- Things you can fill
directly from Form 16:
• Gross salary details: Check Part B of your Form 16. Your gross salary details will be mentioned as the first point, right there.
• Deductions under Chapter VI-A: The ninth point of Form 16 Part B will give you the details of all deductions under Chapter VI-A.
• Net tax payable: Form 16 Part B again to the rescue! This will be the 18th point on your Form 16, Part B.
• TDS (Tax Deducted at Source): You’ll find your TDS details in Part B of Form 16.
And you were wondering how Form 16 would help! Filing your ITR is child’s play, if you have your Form 16 (both Part A and B) duly filled. In case you’ve changed jobs during the same financial year, you need to fill more than one Form 16 (depending on the number of job switches). It basically has to be filled separately for each employer.
K. Praveen Kumar
H.O.: F&A
It is not whether you are homebound or employed but the determination to realise your goals that makes a difference.
Umesh Chand Asawa
“Be grateful that you don’t have everything you want. That means you have the opportunity of being happier tomorrow than you are today” - Ramesh Kumar Bung. 4746
HIGHLIGHTS DURING THE YEAR ALL YOU WANT TO KNOW ABOUT FORM NUMBER 16
Panchanga Sravanam was conducted during Ugadi festival at Head Office. Sri Bhavani Sankar Kedia and Sri Nookala Yagna Narayana Sarma, well-known astrologers briefed the predictions for the Hindu year. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and employees took part in the Ugadi celebrations.
Sri P.S. Jagannatham, Sr. Divisional Manager, LIC and Sri Purshotamdas Mandhana, Chairman have exchanged the MOU on 01.04.2016 at Head Office. Sri G. Swaminathan, Marketing Manager, Sri L.K. Sham Sunder, RM, Marketing, Smt. Usha Sree, Manager, LIC of India, Sri Umesh Chand Asawa, MD and other officials during the meet.
Filling up Form 16 is not as complicated as you think. In case thinking about it worries you, relax! Like always, we’ve got you covered. We’ll explain all the complicated parts of Form 16 for you so that you aren’t confused anymore.
What is Form 16? : Form 16 is a tax document that carries all the information a salaried individual requires to file their Income Tax return. As per the tax rules of India, you need Form 16 as a proof that your employer has deducted TDS on your salary. It’s issued on a yearly basis, and you’re supposed to fill it on or before 31st August every year. Form 16 has two parts—A and B. Here are the details:
Form 16 Part A/Traces Form 16: It consists of the PAN (Permanent Account Number) and TAN (Tax deduction & collection Account Number) details of both the employer and employee. Apart from these, it also mentions various other details like the name and address of both the employer and the employee, the assessment year and the time you spent working with the employer. It also showcases a detailed summary of the TDS deductions from your monthly salary.
Form 16 Part B/Salary Statement/Annexure: Apart from carrying the details of your yearly earnings, this part mentions other crucial details like deductions that you claimed under Section 80 of the Income Tax Act. These include Life Insurance premium, EPF, PPF, NSC, or donations made towards charity. It basically gives your total taxable income.
Who is supposed to fill Form 16?: According to the regulations issued by the Finance Ministry of the Indian Government, every salaried individual who falls under a taxable bracket is supposed to fill this form.
How to get it?: Your employer will provide you with this document which is also commonly known as a salary certificate. If you fall under a taxable bracket, this form will be indispensable when filing your Income Tax return. In case you don’t receive it from your employer, you can also download the PDF version from the website of the Income Tax Department.
Why do you need to fill it?
• You need Form 16 while filing your income tax returns for the financial year.
• It reflects your total earnings and Income Tax that has been deducted from your salary. You’d want to know what that is, right?
• While applying for any kind of loan, banks will most likely ask for your Form 16, as a part of their verification process.
Let’s see how to fill your ITR-V using Form 16.
Filing your ITR (Income Tax Return) online
using your Form 16- Things you can fill
directly from Form 16:
• Gross salary details: Check Part B of your Form 16. Your gross salary details will be mentioned as the first point, right there.
• Deductions under Chapter VI-A: The ninth point of Form 16 Part B will give you the details of all deductions under Chapter VI-A.
• Net tax payable: Form 16 Part B again to the rescue! This will be the 18th point on your Form 16, Part B.
• TDS (Tax Deducted at Source): You’ll find your TDS details in Part B of Form 16.
And you were wondering how Form 16 would help! Filing your ITR is child’s play, if you have your Form 16 (both Part A and B) duly filled. In case you’ve changed jobs during the same financial year, you need to fill more than one Form 16 (depending on the number of job switches). It basically has to be filled separately for each employer.
K. Praveen Kumar
H.O.: F&A
It is not whether you are homebound or employed but the determination to realise your goals that makes a difference.
Umesh Chand Asawa
48 49
HIGHLIGHTS DURING THE YEAR
Dr. S. Subbaih, General Manager, RBI, Sri K. Hariharan and Sri P. Sasidhara Sastry, officials from RBI addressing the Auditors and Inspectors of the Bank on Internal Auditing System in a workshop conducted by the bank. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO took part during the inauguration of the workshop.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO addressing the branch managers during Performance Review Meeting held at Ala Liberty, Hyderabad during April, 2016. Sri Vikramaditya Duggal and Smt. Sruti Mashru taking up motivational sessions.
01. G. Gopalakrishna.
02. C o m p u t e r ( C E R T- I N = C o m p u t e r Emergency Response Team-India, a Government entity).
03. CERT-IN.
04. Containment.
05. IDRBT, Hyderabad.
06. Arjun Mahendran, Governor, Central Bank of Sri Lanka. He launched the SAARC FINANCE Database, developed by the Reserve Bank, in Collaboration with other SAARC central banks.
07. Foreign Exchange Management Act, 1999, better known as FEMA, 1999.
08. Banks and Primary Dealers (PD) take hedging and trading positions.
09. Reserve Bank of India.
10. Reserve Bank of India.
11. Commercial Bank loans, Buyers' Credit, Suppliers' Credit, securitised instruments (Foreign Currency Convertible Bonds – FCCBs and Foreign Currency Exchangeable Bonds – FCCBs are also governed by the ECB guidelines).
12. In September 1975. With the decline in the share of Britain in India's trade, increased diversification of India's international transactions together with the weaknesses of pegging to a single currency.
13. In March 1992.
14. A uni f ied s ingle market-determined exchange rate system based on the demand for and supply of foreign exchange.
15. Reserve Bank of India.
16. Primarily price stability, while keeping in mind the objective of growth.
17. 7 days, 14 days, 28 days and 56 days.
18. It is a facility under which scheduled commercial banks can borrow additional amount of overnight money from the Reserve Bank by dipping into the SLR portfolio up to a limit (currently 2% of their demand and time liabilities) at a penal rate of interest (currently 50 basis points above the repo rate).
19. It is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers.
20. 2004.
21. February 20, 2015.
22. Price Stability.
23. India has outlined and adhered to a path of fiscal consolidation to reduce the fiscal deficit that had widened dramatically following the post-financial crisis stimulus; careful about foreign borrowings, especially at the very short term; careful in moderating periods of extreme volatility in the currency through exchange intervention; foreign exchange reserves are the fourth element of our defence. We have about $ 360 billion plus forward positions to offset possible forward liabilities.
24. A derivative is a contract whose value derives from and is dependent on the value of an underlying asset such as a commodity, currency or security.
25. Chicago (CME = Chicago Mercantile Exchange).
26. The then Imperial Bank as State Bank of India in 1955.
27. After 1991 (In the aftermath of a balance of payment crisis situation and with the advent of economic reforms).
28. 10.
29. Allowing 74% foreign investment in private sector banks; doing away with licensing of branches; domestic scheduled commercial banks in a phased manner; deregulation of interest rates; widening and deepening of financial markets ec.,
30. Prevention of NPAs through prudent underwriting; effective early alert system; quick and effective remedial measures to prevent slippage; and faster resolution of post slippage.
31. To ensure timely and transparent mechanism for restructuring the corporate debts of viable entities facing problems, outside the purview of BIFR, DRT and other legal proceedings for the benefit of all the concerned.
32. File suits with DRTs, involve the provisions of SARFAESI Act, 2002, may also sell their NPAs to Asset Reconstruction Companies.
33. Chintamani Dwarakanath Deshmukh in 1943.
34. Kolkata, West Bengal.
ANSWERS ANSWERS
“When sorrow ends completely, there is love” - Ramesh Kumar Bung.
48 49
HIGHLIGHTS DURING THE YEAR
Dr. S. Subbaih, General Manager, RBI, Sri K. Hariharan and Sri P. Sasidhara Sastry, officials from RBI addressing the Auditors and Inspectors of the Bank on Internal Auditing System in a workshop conducted by the bank. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO took part during the inauguration of the workshop.
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO addressing the branch managers during Performance Review Meeting held at Ala Liberty, Hyderabad during April, 2016. Sri Vikramaditya Duggal and Smt. Sruti Mashru taking up motivational sessions.
01. G. Gopalakrishna.
02. C o m p u t e r ( C E R T- I N = C o m p u t e r Emergency Response Team-India, a Government entity).
03. CERT-IN.
04. Containment.
05. IDRBT, Hyderabad.
06. Arjun Mahendran, Governor, Central Bank of Sri Lanka. He launched the SAARC FINANCE Database, developed by the Reserve Bank, in Collaboration with other SAARC central banks.
07. Foreign Exchange Management Act, 1999, better known as FEMA, 1999.
08. Banks and Primary Dealers (PD) take hedging and trading positions.
09. Reserve Bank of India.
10. Reserve Bank of India.
11. Commercial Bank loans, Buyers' Credit, Suppliers' Credit, securitised instruments (Foreign Currency Convertible Bonds – FCCBs and Foreign Currency Exchangeable Bonds – FCCBs are also governed by the ECB guidelines).
12. In September 1975. With the decline in the share of Britain in India's trade, increased diversification of India's international transactions together with the weaknesses of pegging to a single currency.
13. In March 1992.
14. A uni f ied s ingle market-determined exchange rate system based on the demand for and supply of foreign exchange.
15. Reserve Bank of India.
16. Primarily price stability, while keeping in mind the objective of growth.
17. 7 days, 14 days, 28 days and 56 days.
18. It is a facility under which scheduled commercial banks can borrow additional amount of overnight money from the Reserve Bank by dipping into the SLR portfolio up to a limit (currently 2% of their demand and time liabilities) at a penal rate of interest (currently 50 basis points above the repo rate).
19. It is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers.
20. 2004.
21. February 20, 2015.
22. Price Stability.
23. India has outlined and adhered to a path of fiscal consolidation to reduce the fiscal deficit that had widened dramatically following the post-financial crisis stimulus; careful about foreign borrowings, especially at the very short term; careful in moderating periods of extreme volatility in the currency through exchange intervention; foreign exchange reserves are the fourth element of our defence. We have about $ 360 billion plus forward positions to offset possible forward liabilities.
24. A derivative is a contract whose value derives from and is dependent on the value of an underlying asset such as a commodity, currency or security.
25. Chicago (CME = Chicago Mercantile Exchange).
26. The then Imperial Bank as State Bank of India in 1955.
27. After 1991 (In the aftermath of a balance of payment crisis situation and with the advent of economic reforms).
28. 10.
29. Allowing 74% foreign investment in private sector banks; doing away with licensing of branches; domestic scheduled commercial banks in a phased manner; deregulation of interest rates; widening and deepening of financial markets ec.,
30. Prevention of NPAs through prudent underwriting; effective early alert system; quick and effective remedial measures to prevent slippage; and faster resolution of post slippage.
31. To ensure timely and transparent mechanism for restructuring the corporate debts of viable entities facing problems, outside the purview of BIFR, DRT and other legal proceedings for the benefit of all the concerned.
32. File suits with DRTs, involve the provisions of SARFAESI Act, 2002, may also sell their NPAs to Asset Reconstruction Companies.
33. Chintamani Dwarakanath Deshmukh in 1943.
34. Kolkata, West Bengal.
ANSWERS ANSWERS
“When sorrow ends completely, there is love” - Ramesh Kumar Bung.
50 51
HIGHLIGHTS DURING THE YEAR
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO greeting the employees of the Bank for having achieved Rs. 2800 Crore business for 31.03.2016.
Sri Pocharam Srinivasa Reddy, Minister for agriculture, Govt. of Telangana being greeted by Sri Ramesh Kumar Bung, Chairman-emeritus.
You can always count on a mosquito bite to ruin a fun summer evening. But you've probably noticed that one of your friends (or maybe it's you) seems to have an uncanny ability to attract all the little fiends, while the rest of your crew gets off relatively easily. Although scientists don't know the full picture yet, they do have some pretty good ideas about why the little guys are so attracted to certain people — and how to make it stop.
You've probably heard that your blood type, sweat, or a multitude of other things can attract mosquitoes. While some of those "attractions" are more plausible than others (sorry, it's definitely not your blood sugar content), Joe Conlon, PhD, technical advisor to the American Mosquito Control Association, says it all comes down to the secretions your skin's putting out.
"There's no question that everyone has a different odour about them," says Dr. Conlon. "The mosquitoes have honed in on this and have determined that some people should be on the menu more often than others."
One major factor is the amount of carbon dioxide you release. "Carbon dioxide acts more as an excitant," Dr. Conlon explains. "It's not necessarily going to get them to land on you, [but] it gets them off of the leaf and into a pursuit mode." Some people, such as pregnant women, definitely exude more carbon dioxide than others.
Carbon dioxide gets them off the leaf and into pursuit mode.
Mosquitoes follow that carbon dioxide trail to you in a zig-zag pattern, and when they get within a foot of you, your body temperature starts to play a role. Mosquitoes favour those of us who sweat more, for example, because that helps waft our delicious scents toward the insects.
We don't all react the same way to a bite, either. For instance, Dr. Conlon says those with fairer or ruddier complexions may have more noticeably irritating reactions, even if they're not actually getting bitten more often than those with darker complexions.
As a recent study suggests, all of these factors may
come down to an inherited genetic predisposition to being mosquito bait. "It's mostly to do with body odour, which is controlled in part by our genes," writes James Logan, PhD, lead author of the study, in an email.
There's still plenty more research to do. Because mosquitoes are responsible for transmitting some of the world's most serious life-threatening diseases, including things like malaria and dengue fever, scientists are continually interested in figuring out what attracts the insects — and what keeps them away.
Dr. Conlon explains that nearly all of the research has been done on just a few species of mosquitoes. So it's important to keep in mind that "there's considerable difference in what each [species of] mosquito deems as attractive — [and] we're only scratching the surface," he says.
There's considerable difference in what each species of mosquito deems attractive.
For now, Dr. Conlon says we can stick to the tried-and-true methods of repelling the little beasts: Make sure to drain any standing water in your area to keep mosquitoes from breeding in your yard. Try wearing multiple layers of loose-fitting clothing, which may or may not be feasible in this oppressive summer weather. Or, you can try some tight-weave athletic wear that won't let mosquitoes bite through. And defend yourself using EPA-registered repellents, which are required to be safe and give you at least two hours of protection.
Yes, mosquitoes and their bites are an unfortunate fact of summer, but at least there are proven ways of getting them to go away — which is necessary for warding off both discomfort and disease. Here's to an itch-free summer.
A. Geetha, Vanasthalipuram Branch
WHY MOSQUITOES REALLY WON'T LEAVE YOU ALONE
Most of the communication gaps occur because we communicate to an unprepared mind.
Purshotamdas Mandhana
Your happiness is determined more by your disposition than by your circumstances” - Ramesh Kumar Bung.
50 51
HIGHLIGHTS DURING THE YEAR
Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO greeting the employees of the Bank for having achieved Rs. 2800 Crore business for 31.03.2016.
Sri Pocharam Srinivasa Reddy, Minister for agriculture, Govt. of Telangana being greeted by Sri Ramesh Kumar Bung, Chairman-emeritus.
You can always count on a mosquito bite to ruin a fun summer evening. But you've probably noticed that one of your friends (or maybe it's you) seems to have an uncanny ability to attract all the little fiends, while the rest of your crew gets off relatively easily. Although scientists don't know the full picture yet, they do have some pretty good ideas about why the little guys are so attracted to certain people — and how to make it stop.
You've probably heard that your blood type, sweat, or a multitude of other things can attract mosquitoes. While some of those "attractions" are more plausible than others (sorry, it's definitely not your blood sugar content), Joe Conlon, PhD, technical advisor to the American Mosquito Control Association, says it all comes down to the secretions your skin's putting out.
"There's no question that everyone has a different odour about them," says Dr. Conlon. "The mosquitoes have honed in on this and have determined that some people should be on the menu more often than others."
One major factor is the amount of carbon dioxide you release. "Carbon dioxide acts more as an excitant," Dr. Conlon explains. "It's not necessarily going to get them to land on you, [but] it gets them off of the leaf and into a pursuit mode." Some people, such as pregnant women, definitely exude more carbon dioxide than others.
Carbon dioxide gets them off the leaf and into pursuit mode.
Mosquitoes follow that carbon dioxide trail to you in a zig-zag pattern, and when they get within a foot of you, your body temperature starts to play a role. Mosquitoes favour those of us who sweat more, for example, because that helps waft our delicious scents toward the insects.
We don't all react the same way to a bite, either. For instance, Dr. Conlon says those with fairer or ruddier complexions may have more noticeably irritating reactions, even if they're not actually getting bitten more often than those with darker complexions.
As a recent study suggests, all of these factors may
come down to an inherited genetic predisposition to being mosquito bait. "It's mostly to do with body odour, which is controlled in part by our genes," writes James Logan, PhD, lead author of the study, in an email.
There's still plenty more research to do. Because mosquitoes are responsible for transmitting some of the world's most serious life-threatening diseases, including things like malaria and dengue fever, scientists are continually interested in figuring out what attracts the insects — and what keeps them away.
Dr. Conlon explains that nearly all of the research has been done on just a few species of mosquitoes. So it's important to keep in mind that "there's considerable difference in what each [species of] mosquito deems as attractive — [and] we're only scratching the surface," he says.
There's considerable difference in what each species of mosquito deems attractive.
For now, Dr. Conlon says we can stick to the tried-and-true methods of repelling the little beasts: Make sure to drain any standing water in your area to keep mosquitoes from breeding in your yard. Try wearing multiple layers of loose-fitting clothing, which may or may not be feasible in this oppressive summer weather. Or, you can try some tight-weave athletic wear that won't let mosquitoes bite through. And defend yourself using EPA-registered repellents, which are required to be safe and give you at least two hours of protection.
Yes, mosquitoes and their bites are an unfortunate fact of summer, but at least there are proven ways of getting them to go away — which is necessary for warding off both discomfort and disease. Here's to an itch-free summer.
A. Geetha, Vanasthalipuram Branch
WHY MOSQUITOES REALLY WON'T LEAVE YOU ALONE
Most of the communication gaps occur because we communicate to an unprepared mind.
Purshotamdas Mandhana
Your happiness is determined more by your disposition than by your circumstances” - Ramesh Kumar Bung.
“Look for acceptable but creative ways to distinguish yourself from everyone else” - Ramesh Kumar Bung. 5352
HIGHLIGHTS DURING THE YEAR CENTRE INJECTS RS.22, 915 CR INTO 13 PUBLIC SECTOR BANKS
100th Issue of HAMARA PRAYAS was inaugurated by Sri. K. Sudheer Babu, IPOS, Senior Superintendent of Post Offices, Hyderabad Region at Head Office of the Bank. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and Smt. Ranjana Sarma, Editor of Hamara Prayas and other staff members were present at the event.
Bank opened its 42nd Branch at Kompally, Hyderabad along with an onsite ATM. The new branch was inaugurated by Sri K.P. Vivekanand, MLA Qutbullapur Constituency, Dr. Y. Sai Sekhar, Dy. Commissioner of Police, Balanagar Zone. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO and employees took part in the inaugural ceremony.
In a bid to boost credit growth in the economy, the Centre announced a sum of Rs.22, 915 crore for recapitalization of 13 public sector banks.
Largest allocation: State Bank of India (SBI) is to receive the largest allocation of Rs.7, 575 crore. Indian Overseas Bank and Punjab National Bank are to get Rs.3, 191 crore and Rs.2,816 crore respectively. The banks' lending capacities are restricted by poor asset quality and weak capitalization.
The infusions required in the current year were assessed from the CAGR of credit growth for the last five years and the banks' projections of credit growth. The potential for growth of each these banks was also factored in.
“…Seventy-five per cent of the amount collected for each bank is being released now to provide liquidity support for lending operations as also to enable banks to raise funds from the market,” according to a statement by the Union Finance Ministry.
The remaining amount, to be released later, will be linked to performance, according to the statement. Efficiency improvements, growth in both credit and deposits, and reduction in the cost of operations will be assessed for the purpose.
Budget provision: In the Union Budget, the Centre had allocated a total of Rs.25,000 crore for the capitalisation of public sector banks in the current financial year 2016-17, in line with the infusion plans announced under the umbrella scheme “Indradhanush” introduced last year. The plan proposes infusions adding up to Rs.25,000 crore in 2015-16 as well as in 2016-17, followed by Rs.10,000 crore each in 2017-18 and 2018-19.
SBI Chairman Arundhati Bhattacharya said that the provision of bank capital by the Centre was “most welcome” and “very timely”. The funds, she hoped, will help the banks in increasing their lending, raising additional funds and clean up balance sheets.
'Adequately funded': Public sector Indian Bank on Tuesday said it was adequately funded and would meet its capital requirements through internal accruals.
Hailing infusion of Rs.22,915 crore capital into 13 PSU banks by the Centre as an “intelligent move”, Indian Bank Managing Director and CEO Mahesh Kumar Jain said it would help lenders to focus on credit growth.
Shares of PSU banks climb: Shares of State Bank of India (SBI) shares closed 0.48 per cent higher to Rs.229.70 on BSE but PNB closed 0.83 per cent lower to Rs 131.40. Indian Overseas Bank climbed 0.90 to close at Rs.28, while Canara Bank jumped 4.71 per cent to close at Rs.258.75 on the BSE.
1784
1729
1034
1033
997
810
721
677
594
44
2816
22915
Funds provided (Rs. In Crore)
7575
3101
Bank
State Bank of India
Indian Overseas Bank
Bank of India
Central Bank of India
Syndicate Bank
Uco Bank
Canara Bank
United Bank of India
Union Bank of India
Corporation Bank
Dena Bank
Allahabad Bank
Punjab National Bank
Total
“Look for acceptable but creative ways to distinguish yourself from everyone else” - Ramesh Kumar Bung. 5352
HIGHLIGHTS DURING THE YEAR CENTRE INJECTS RS.22, 915 CR INTO 13 PUBLIC SECTOR BANKS
100th Issue of HAMARA PRAYAS was inaugurated by Sri. K. Sudheer Babu, IPOS, Senior Superintendent of Post Offices, Hyderabad Region at Head Office of the Bank. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, Sri Umesh Chand Asawa, MD & CEO and Smt. Ranjana Sarma, Editor of Hamara Prayas and other staff members were present at the event.
Bank opened its 42nd Branch at Kompally, Hyderabad along with an onsite ATM. The new branch was inaugurated by Sri K.P. Vivekanand, MLA Qutbullapur Constituency, Dr. Y. Sai Sekhar, Dy. Commissioner of Police, Balanagar Zone. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman- emeritus, Sri Rampal Attal, Vice Chairman, other Directors, Sri Umesh Chand Asawa, MD & CEO and employees took part in the inaugural ceremony.
In a bid to boost credit growth in the economy, the Centre announced a sum of Rs.22, 915 crore for recapitalization of 13 public sector banks.
Largest allocation: State Bank of India (SBI) is to receive the largest allocation of Rs.7, 575 crore. Indian Overseas Bank and Punjab National Bank are to get Rs.3, 191 crore and Rs.2,816 crore respectively. The banks' lending capacities are restricted by poor asset quality and weak capitalization.
The infusions required in the current year were assessed from the CAGR of credit growth for the last five years and the banks' projections of credit growth. The potential for growth of each these banks was also factored in.
“…Seventy-five per cent of the amount collected for each bank is being released now to provide liquidity support for lending operations as also to enable banks to raise funds from the market,” according to a statement by the Union Finance Ministry.
The remaining amount, to be released later, will be linked to performance, according to the statement. Efficiency improvements, growth in both credit and deposits, and reduction in the cost of operations will be assessed for the purpose.
Budget provision: In the Union Budget, the Centre had allocated a total of Rs.25,000 crore for the capitalisation of public sector banks in the current financial year 2016-17, in line with the infusion plans announced under the umbrella scheme “Indradhanush” introduced last year. The plan proposes infusions adding up to Rs.25,000 crore in 2015-16 as well as in 2016-17, followed by Rs.10,000 crore each in 2017-18 and 2018-19.
SBI Chairman Arundhati Bhattacharya said that the provision of bank capital by the Centre was “most welcome” and “very timely”. The funds, she hoped, will help the banks in increasing their lending, raising additional funds and clean up balance sheets.
'Adequately funded': Public sector Indian Bank on Tuesday said it was adequately funded and would meet its capital requirements through internal accruals.
Hailing infusion of Rs.22,915 crore capital into 13 PSU banks by the Centre as an “intelligent move”, Indian Bank Managing Director and CEO Mahesh Kumar Jain said it would help lenders to focus on credit growth.
Shares of PSU banks climb: Shares of State Bank of India (SBI) shares closed 0.48 per cent higher to Rs.229.70 on BSE but PNB closed 0.83 per cent lower to Rs 131.40. Indian Overseas Bank climbed 0.90 to close at Rs.28, while Canara Bank jumped 4.71 per cent to close at Rs.258.75 on the BSE.
1784
1729
1034
1033
997
810
721
677
594
44
2816
22915
Funds provided (Rs. In Crore)
7575
3101
Bank
State Bank of India
Indian Overseas Bank
Bank of India
Central Bank of India
Syndicate Bank
Uco Bank
Canara Bank
United Bank of India
Union Bank of India
Corporation Bank
Dena Bank
Allahabad Bank
Punjab National Bank
Total
54
BERMUDA TRIANGLE MYSTERY REVEALED IN RIG VEDA & ATHARVA VEDA
Bermuda Triangle or the Devil's Triangle, is a
region in the western part of the North Atlantic
Ocean, where a number of aircraft and ships are
said to have disappeared under mysterious
circumstances.
Even though the US Navy says that Bermuda
Triangle does not exist, many have attributed
various disappearances to the paranormal or
activity by extraterrestrial beings. But till date,
nobody could find out actual reason behind this
mystery.
Many believe that there is a hidden pyramid inside
the atlantic ocean, which pulls everything towards
it like a magnet. It was named as “danger region”
for about 500 years after disappearance of ships &
planes. In 1492 during journey to America,
Columbus saw some glitterness in this region and
his magnetic compass got disturbed.
Bermuda Triangle Mystery Revealed in Rig Veda:
Although there is a similar demon described in first
ever poem, Ramayana, it does not match with the
geographical location. Simhika, the gigantic
demon had the power to attract anything's shadow
flying over ocean and pull it into the waters.
However, that was on the way to Lanka.
Brahmanda Purana (composed more than 5000
years ago) and Rig Veda (written more than 23000
years ago) clearly state that the planet Mars was
born our of Earth. That is why he is called as
Bhauma ('son of Bhumi') or Kuja (Ku = Earth + Ja
= Born out of ) in Sanskrit.
Asya Vamasya Sukta in Rig Veda states :”When
Earth gave birth to Mars, and Mars seperated from
his mother, her thigh got injured and she became
imbalanced (Earth rotated in its axis) and to stop it
Godly doctors, Aswini Kumars poured iron into the
triangular shaped injury and Earth got fixed in her
current position.
That is why Earth's axis is bent at a particular angle.
That triangular shaped injury on our planet which
was filled with iron went onto become Bermuda
Triangle. Iron stored inside earth for years becomes
natural magnet and Bermuda disappearances, fog,
high and low temperature water streams colliding
are a result of this.
Moon was also born out of churning of milky ocean
and when it rocketed out from Earth at latitude of
about 23½ a huge bump created by its ejection
came in line with Sun. So, Earth has tilted axis at
23½. Modern science could not explain this
phenomenon and also the strange coincidence that
Earth is titled at 23½ degress and Bermuda
Triangle is also at 23½ !
In 1909, a fishing boat got disappeared. On 5th
Dec 1945, a flight started from Florida (USA),
when went about 120 miles east, its contact was
broken from base station and plane disappeared.
In 1948, a ship carrying 27 travelers disappeared in
Bermuda region. In 1951, another ship carrying 53
travelers disappeared in this region. Due to safety
and precautionary reasons, all routes for ships &
planes have been made out of this triangle.
Bermuda Triangle Mystery Revealed in Atharva
Veda : Atharva Veda has description of several
gems. One of them is Darbha gem, which is
described in Sukta 28, 29 & 30, by Darbha gem.
So, electro-magnetic waves going from wireless
system or coming to system are disturbed and
wireless system fails.
Darbha gem is like a very short form of neutron
star, which has high density. Similarly, Darbha gem
also has high density so there is high gravitation
due to Darbha gem. There is emission of high
energetic electro-magnetic waves due to Darbha
gem, probably due to nuclear reactions happening
in it. Intensities of electric & magnetic field
associated with electro-magnetic waves are very
high.
This gem could be a powerful and dangerous
weapon. Khanda 19 of Atharva Veda, Mantra 4 of
Sukta 28, states : “As the Sun brings down clouds
on earth in the same way oh! Darbha gem you fall
down the rising enemies.” It means that there is
gravitational force due to Darbha gem inside water.
Mantra 5 of Sukta 29, says, “As the curd is stirred in
the same way oh! Darbha gem you stir enemies.” It
means to stir the bodies is a property of Darbha
gem. In Mantra 7 of Sukta 29, says, “to burn the
bodies”;
It means there is emission of high energetic rays like
laser rays by Darbha gem, which destroy bodies.
So properties of Darbha gem are:
1) High gravitational field.
2) Stir bodies coming near to it.
3) Emission of high energetic rays.
All these properties of Darbha gem, explain the
phenomena of Bermuda Triangle. Mars (Mangala /
Kuja) has Triangle shaped Yantra in Vedic
Astrology. In Vedic Astrology, Mars (Mangala or
Kuja) is red in color (similar to what modern
scientists discovered), had water bodies on it (dried
river beds found by NASA).
Coral, the gemstone related to Mars is also red in
color and found only under sea waters.
What is even more astonishing is that, Yantra is
Mars is triangle (tilted) shaped. In that way, Mars is
brother of all humans born on planet Earth. Mars
also controls all land related issues in human lives
like Real Estate Business, Agriculture, and Siblings
etc in astrology.
Modern scientists assume presence of methane
hydrates, which indicates enormous eruptions of
methane bubbles that would swamp a ship and
projected high into the air- take out flying airplanes,
as well. Any ship caught within the methane mega-
bubble immediately lose all buoyancy and sink to
the bottom of the ocean. If the bubbles are big
enough and possess a high enough density they
can also knock aircraft out of the sky with little or no
warning.
Aircraft falling victim to these methane bubbles will
lose their engines-perhaps igniting the methane
surrounding them-and immediately lose their lift as
well, ending their flights by diving into the ocean
and swiftly plummeting.
A. Masthan Reddy
Joint General Manager
SALAM HYDERABADVANASTHALIPURAM
Vanasthalipuram is a very busy commercial and residential hub on the suburb of Hyderabad located on Vijayawada national highway. It is spread towards Nagarjuna Sagar highway on the south. It is also one of the oldest residential localities of Hyderabad, which still maintains the old look despite growing into a commercial centre. Perhaps it is the only colony which has abundant greenery with as many as 18 parks developed by erstwhile Hyderabad Urban Development Authority (HUDA). The entire area was once a dense forest with wild animals and a famous hunting ground for the then Nawabs during the rule of the Nizam of Hyderabad. It was originally known as Shikharghar, because it was the hunting ground. In fact, there is still a vast stretch of reserve forest area, now called 'Harina Vanasthali' which has been declared as national park. Spread over 3758 acres, it is the largest lung space in Hyderabad and is home to large number of black bucks, besides other wild animals and monkeys. The area got the name 'Vanasthalipuram' only because it was once a forest (Vana means forest, sthali means place and puram means locality). Till '80s, the present Vanasthalipuram colony was not a very well known locality. It was locate on a hillock with rocks and shrubs. It was only after the then government allotted residential plots to Secretariat employees and other non-gazetted officers. Vanasthalipuram started buzzing with activity. Very soon, it became one of the biggest colonies of the South India.
Purshotamdas MandhanaChairman.
55“Try to make all the people you meet feel like they are the most important persons you have seen all day” - Ramesh Kumar Bung.“It is good for a person to earn money for his needs. It is the hunger for wealth that is bad” - Ramesh Kumar Bung.
54
BERMUDA TRIANGLE MYSTERY REVEALED IN RIG VEDA & ATHARVA VEDA
Bermuda Triangle or the Devil's Triangle, is a
region in the western part of the North Atlantic
Ocean, where a number of aircraft and ships are
said to have disappeared under mysterious
circumstances.
Even though the US Navy says that Bermuda
Triangle does not exist, many have attributed
various disappearances to the paranormal or
activity by extraterrestrial beings. But till date,
nobody could find out actual reason behind this
mystery.
Many believe that there is a hidden pyramid inside
the atlantic ocean, which pulls everything towards
it like a magnet. It was named as “danger region”
for about 500 years after disappearance of ships &
planes. In 1492 during journey to America,
Columbus saw some glitterness in this region and
his magnetic compass got disturbed.
Bermuda Triangle Mystery Revealed in Rig Veda:
Although there is a similar demon described in first
ever poem, Ramayana, it does not match with the
geographical location. Simhika, the gigantic
demon had the power to attract anything's shadow
flying over ocean and pull it into the waters.
However, that was on the way to Lanka.
Brahmanda Purana (composed more than 5000
years ago) and Rig Veda (written more than 23000
years ago) clearly state that the planet Mars was
born our of Earth. That is why he is called as
Bhauma ('son of Bhumi') or Kuja (Ku = Earth + Ja
= Born out of ) in Sanskrit.
Asya Vamasya Sukta in Rig Veda states :”When
Earth gave birth to Mars, and Mars seperated from
his mother, her thigh got injured and she became
imbalanced (Earth rotated in its axis) and to stop it
Godly doctors, Aswini Kumars poured iron into the
triangular shaped injury and Earth got fixed in her
current position.
That is why Earth's axis is bent at a particular angle.
That triangular shaped injury on our planet which
was filled with iron went onto become Bermuda
Triangle. Iron stored inside earth for years becomes
natural magnet and Bermuda disappearances, fog,
high and low temperature water streams colliding
are a result of this.
Moon was also born out of churning of milky ocean
and when it rocketed out from Earth at latitude of
about 23½ a huge bump created by its ejection
came in line with Sun. So, Earth has tilted axis at
23½. Modern science could not explain this
phenomenon and also the strange coincidence that
Earth is titled at 23½ degress and Bermuda
Triangle is also at 23½ !
In 1909, a fishing boat got disappeared. On 5th
Dec 1945, a flight started from Florida (USA),
when went about 120 miles east, its contact was
broken from base station and plane disappeared.
In 1948, a ship carrying 27 travelers disappeared in
Bermuda region. In 1951, another ship carrying 53
travelers disappeared in this region. Due to safety
and precautionary reasons, all routes for ships &
planes have been made out of this triangle.
Bermuda Triangle Mystery Revealed in Atharva
Veda : Atharva Veda has description of several
gems. One of them is Darbha gem, which is
described in Sukta 28, 29 & 30, by Darbha gem.
So, electro-magnetic waves going from wireless
system or coming to system are disturbed and
wireless system fails.
Darbha gem is like a very short form of neutron
star, which has high density. Similarly, Darbha gem
also has high density so there is high gravitation
due to Darbha gem. There is emission of high
energetic electro-magnetic waves due to Darbha
gem, probably due to nuclear reactions happening
in it. Intensities of electric & magnetic field
associated with electro-magnetic waves are very
high.
This gem could be a powerful and dangerous
weapon. Khanda 19 of Atharva Veda, Mantra 4 of
Sukta 28, states : “As the Sun brings down clouds
on earth in the same way oh! Darbha gem you fall
down the rising enemies.” It means that there is
gravitational force due to Darbha gem inside water.
Mantra 5 of Sukta 29, says, “As the curd is stirred in
the same way oh! Darbha gem you stir enemies.” It
means to stir the bodies is a property of Darbha
gem. In Mantra 7 of Sukta 29, says, “to burn the
bodies”;
It means there is emission of high energetic rays like
laser rays by Darbha gem, which destroy bodies.
So properties of Darbha gem are:
1) High gravitational field.
2) Stir bodies coming near to it.
3) Emission of high energetic rays.
All these properties of Darbha gem, explain the
phenomena of Bermuda Triangle. Mars (Mangala /
Kuja) has Triangle shaped Yantra in Vedic
Astrology. In Vedic Astrology, Mars (Mangala or
Kuja) is red in color (similar to what modern
scientists discovered), had water bodies on it (dried
river beds found by NASA).
Coral, the gemstone related to Mars is also red in
color and found only under sea waters.
What is even more astonishing is that, Yantra is
Mars is triangle (tilted) shaped. In that way, Mars is
brother of all humans born on planet Earth. Mars
also controls all land related issues in human lives
like Real Estate Business, Agriculture, and Siblings
etc in astrology.
Modern scientists assume presence of methane
hydrates, which indicates enormous eruptions of
methane bubbles that would swamp a ship and
projected high into the air- take out flying airplanes,
as well. Any ship caught within the methane mega-
bubble immediately lose all buoyancy and sink to
the bottom of the ocean. If the bubbles are big
enough and possess a high enough density they
can also knock aircraft out of the sky with little or no
warning.
Aircraft falling victim to these methane bubbles will
lose their engines-perhaps igniting the methane
surrounding them-and immediately lose their lift as
well, ending their flights by diving into the ocean
and swiftly plummeting.
A. Masthan Reddy
Joint General Manager
SALAM HYDERABADVANASTHALIPURAM
Vanasthalipuram is a very busy commercial and residential hub on the suburb of Hyderabad located on Vijayawada national highway. It is spread towards Nagarjuna Sagar highway on the south. It is also one of the oldest residential localities of Hyderabad, which still maintains the old look despite growing into a commercial centre. Perhaps it is the only colony which has abundant greenery with as many as 18 parks developed by erstwhile Hyderabad Urban Development Authority (HUDA). The entire area was once a dense forest with wild animals and a famous hunting ground for the then Nawabs during the rule of the Nizam of Hyderabad. It was originally known as Shikharghar, because it was the hunting ground. In fact, there is still a vast stretch of reserve forest area, now called 'Harina Vanasthali' which has been declared as national park. Spread over 3758 acres, it is the largest lung space in Hyderabad and is home to large number of black bucks, besides other wild animals and monkeys. The area got the name 'Vanasthalipuram' only because it was once a forest (Vana means forest, sthali means place and puram means locality). Till '80s, the present Vanasthalipuram colony was not a very well known locality. It was locate on a hillock with rocks and shrubs. It was only after the then government allotted residential plots to Secretariat employees and other non-gazetted officers. Vanasthalipuram started buzzing with activity. Very soon, it became one of the biggest colonies of the South India.
Purshotamdas MandhanaChairman.
55“Try to make all the people you meet feel like they are the most important persons you have seen all day” - Ramesh Kumar Bung.“It is good for a person to earn money for his needs. It is the hunger for wealth that is bad” - Ramesh Kumar Bung.
56 57
WOMEN WHO MADE HISTORYToday, society has opened arms for women and accepted them, but to grow up in a society where women had to fight gender barriers and excel was tough. Still, women have been pioneers who kept pushing in every field they chose, be it arts, science, politics, entertainment or business. Throughout history, women had to fight to assert their individuality and be accepted as easily as men by society. But, there are also those whose bravery and dedication led them to challenge the adversities faced by women. Here are some inspirational women who led the path of courage and devotion.
MIRA BAI [1498-1565]: She is considered the most famous woman
devotee of North India. A great saint and Bhakta of Sri Krishna, she lived an exemplar y sa in t l i f e despite cri t icism and hostility from her own
family. Mirabai was born a princess but she refused the
pleasures offered to her and begged on the streets of Brindavan. Her love and devotion for Sri Krishna is shining example of the purest devotion ever seen. Born during the time of war and spiritual decline, she preached that love can attain all and became a beckoning force of inspiration. 'I am mad with love and no one understands my plight. Only the wounded understands the agony of the wounded, when the fire rages in the heart'.
JANE AUSTEN [1759-1797]: 'I do not want people to be very agreeable, as
it saves me the trouble of liking them a great deal'. Her novels, 'Pride and Prejudice' and 'Sense and Sensibility' are considered as literary classics. Born
centuries ago, she was not quite popular during her
time, but gained immense popularity and fame only after 1869 through her works which bridged gap between romance and realism. Today, Austen is considered as one of the greatest English writers of all time. Though
not recognised during her era, Austen won international acclaim as a scholar and a great writer in English history in the 1920's. Her works have been transformed into motion pictures, television shows and modern adaptations of her work got translated into different languages.
FLORENCE NIGHTINGALE [1820-1910]: Born in an affluent British
family, from a young age Florence was active in ministering to the ill and needy. During the Crimea War, Florence Nightingale and her team of nurses
improved the sanitary conditions in the British
based hospital and reduced the death count to 2/3rds. She cared and treated the war victims every minute of her time and thus was soon referred as 'Lady with the Lamp' or 'The Angel of Crimea'. After the experience at Crimea war zone, she wrote her observations regarding sanitary conditions to other military hospitals which sparked worldwide health care reforms. 'I think one's feelings waste themselves in words; they ought all to be distilled into actions which bring results'.
MOTHER TERESA [1910-1997]: (Born as Anjezë Gonxhe Bojaxhiu
Albanian) 'It is not how much we do, but how much we put in the doing. It is not how much we give, but how much love we put in the giving'.
Known as blessed Teresa of Calcutta, she devoted her
life to serve the poor and sick around the world. She spent her many years in Calcutta and is the founder of Missionaries of Charity, a religious congregation to help those in need. She was awarded the Nobel Prize in 1979 for her selfless charity work. Mother Teresa was a living saint whose selfless charity and need to help poor became an example and inspiration to the world.
ROSA PARKS [1913-2005]: An African-American seamstress, who by
refusing her bus seat to a white man, became a civil rights activist overnight. She was a pioneer of civil r i g h t s i n a r a c i a l l y segregated Alabama in 1950's. On December 1,
1955, while travelling in an Montgomery city bus, she
refused to give her seat to a white man igniting a boycott which continued for 381 days until the city repelled its law enforcing racial discrimination in public buses. After the fight against civil rights, Rosa Parks was known as the first lady of civil rights and December 1 came to be known as Rosa Parks Day. 'I would like to be remembered as a person who wanted to be free, so other people would also be free'.
BENAZIR BHUTTO [1953-2007] : 'Whatever my aims and agenda
were, I never asked for power'. She was the first democratically elected female Prime Minister of a Mus l im count r y and youngest executive in the
w o r l d . S h e w a s t h e daughter of former Pakistani
Prime Minister and founder of Pakistan People's Party (PPP) and
inherited the leadership of the party after her father's death. She served two consecutive years as the PM of the country but ended early amidst charges of corruption. Benazir after accusations spent several years in London in exile. She returned in 2007 to participate in 2008 elections, though she was received with huge fanfare and enthusiasm, she was killed by a suicide bomber. Though Bhutto did not live to see the developments but the party she led and the changes made still play a major role in the contemporary political Pakistan.
Ranjana Sharma
Deputy General Manager
Time is money—and we never seem to have enough of either! But unlike money, when you waste time, you can't get it back. Learning what time-management tricks work for you can be just as valuable as getting a handle on your finances. On this week's episode of “The Payoff,” we highlight some time-saving tricks for busy people on the go.
Prioritize your to-do list: Those who thrive on organization and order can't live without their to-do lists. For me, there's nothing more satisfying than checking items off my “ABC” list. For tasks that need my attention right away, I add them to my A-list and handle those to-dos that day. My B-list is for administrative tasks that I can batch together, such as returning phone calls or paying bills. And my C-list is for longer-term tasks that can wait to be completed. It might sound elementary, but it works for me and helps me focus my energy, without feeling too overwhelmed by a never-ending list.
Prep the night before: Unless you're an extremely early riser, mornings can be very stressful. To avoid this, think of all the things you need to do each morning to get your family out the door, and try to do as many things as possible the night before. You can load up the car with sports gear, lay out clothes, pack lunches, set your table for breakfast and set the timer for your morning brew.
Clean in bulk: Disinfect all your toys at once by throwing them into an inflatable pool, bathtub or dishwasher (except, of course, plush toys or toys with an electronics component). It's so much faster than wiping them down by hand. Plus, fewer germs means less time dealing with nasty colds.
Dharmender Kumar
Champapet Branch
SAVE TIME
“Success is not hitting the headlines; Success is in reaching the heart lines” - Ramesh Kumar Bung.“The more love you give, the more you receive, the more you have the easier it becomes to give” - Ramesh Kumar Bung
56 57
WOMEN WHO MADE HISTORYToday, society has opened arms for women and accepted them, but to grow up in a society where women had to fight gender barriers and excel was tough. Still, women have been pioneers who kept pushing in every field they chose, be it arts, science, politics, entertainment or business. Throughout history, women had to fight to assert their individuality and be accepted as easily as men by society. But, there are also those whose bravery and dedication led them to challenge the adversities faced by women. Here are some inspirational women who led the path of courage and devotion.
MIRA BAI [1498-1565]: She is considered the most famous woman
devotee of North India. A great saint and Bhakta of Sri Krishna, she lived an exemplar y sa in t l i f e despite cri t icism and hostility from her own
family. Mirabai was born a princess but she refused the
pleasures offered to her and begged on the streets of Brindavan. Her love and devotion for Sri Krishna is shining example of the purest devotion ever seen. Born during the time of war and spiritual decline, she preached that love can attain all and became a beckoning force of inspiration. 'I am mad with love and no one understands my plight. Only the wounded understands the agony of the wounded, when the fire rages in the heart'.
JANE AUSTEN [1759-1797]: 'I do not want people to be very agreeable, as
it saves me the trouble of liking them a great deal'. Her novels, 'Pride and Prejudice' and 'Sense and Sensibility' are considered as literary classics. Born
centuries ago, she was not quite popular during her
time, but gained immense popularity and fame only after 1869 through her works which bridged gap between romance and realism. Today, Austen is considered as one of the greatest English writers of all time. Though
not recognised during her era, Austen won international acclaim as a scholar and a great writer in English history in the 1920's. Her works have been transformed into motion pictures, television shows and modern adaptations of her work got translated into different languages.
FLORENCE NIGHTINGALE [1820-1910]: Born in an affluent British
family, from a young age Florence was active in ministering to the ill and needy. During the Crimea War, Florence Nightingale and her team of nurses
improved the sanitary conditions in the British
based hospital and reduced the death count to 2/3rds. She cared and treated the war victims every minute of her time and thus was soon referred as 'Lady with the Lamp' or 'The Angel of Crimea'. After the experience at Crimea war zone, she wrote her observations regarding sanitary conditions to other military hospitals which sparked worldwide health care reforms. 'I think one's feelings waste themselves in words; they ought all to be distilled into actions which bring results'.
MOTHER TERESA [1910-1997]: (Born as Anjezë Gonxhe Bojaxhiu
Albanian) 'It is not how much we do, but how much we put in the doing. It is not how much we give, but how much love we put in the giving'.
Known as blessed Teresa of Calcutta, she devoted her
life to serve the poor and sick around the world. She spent her many years in Calcutta and is the founder of Missionaries of Charity, a religious congregation to help those in need. She was awarded the Nobel Prize in 1979 for her selfless charity work. Mother Teresa was a living saint whose selfless charity and need to help poor became an example and inspiration to the world.
ROSA PARKS [1913-2005]: An African-American seamstress, who by
refusing her bus seat to a white man, became a civil rights activist overnight. She was a pioneer of civil r i g h t s i n a r a c i a l l y segregated Alabama in 1950's. On December 1,
1955, while travelling in an Montgomery city bus, she
refused to give her seat to a white man igniting a boycott which continued for 381 days until the city repelled its law enforcing racial discrimination in public buses. After the fight against civil rights, Rosa Parks was known as the first lady of civil rights and December 1 came to be known as Rosa Parks Day. 'I would like to be remembered as a person who wanted to be free, so other people would also be free'.
BENAZIR BHUTTO [1953-2007] : 'Whatever my aims and agenda
were, I never asked for power'. She was the first democratically elected female Prime Minister of a Mus l im count r y and youngest executive in the
w o r l d . S h e w a s t h e daughter of former Pakistani
Prime Minister and founder of Pakistan People's Party (PPP) and
inherited the leadership of the party after her father's death. She served two consecutive years as the PM of the country but ended early amidst charges of corruption. Benazir after accusations spent several years in London in exile. She returned in 2007 to participate in 2008 elections, though she was received with huge fanfare and enthusiasm, she was killed by a suicide bomber. Though Bhutto did not live to see the developments but the party she led and the changes made still play a major role in the contemporary political Pakistan.
Ranjana Sharma
Deputy General Manager
Time is money—and we never seem to have enough of either! But unlike money, when you waste time, you can't get it back. Learning what time-management tricks work for you can be just as valuable as getting a handle on your finances. On this week's episode of “The Payoff,” we highlight some time-saving tricks for busy people on the go.
Prioritize your to-do list: Those who thrive on organization and order can't live without their to-do lists. For me, there's nothing more satisfying than checking items off my “ABC” list. For tasks that need my attention right away, I add them to my A-list and handle those to-dos that day. My B-list is for administrative tasks that I can batch together, such as returning phone calls or paying bills. And my C-list is for longer-term tasks that can wait to be completed. It might sound elementary, but it works for me and helps me focus my energy, without feeling too overwhelmed by a never-ending list.
Prep the night before: Unless you're an extremely early riser, mornings can be very stressful. To avoid this, think of all the things you need to do each morning to get your family out the door, and try to do as many things as possible the night before. You can load up the car with sports gear, lay out clothes, pack lunches, set your table for breakfast and set the timer for your morning brew.
Clean in bulk: Disinfect all your toys at once by throwing them into an inflatable pool, bathtub or dishwasher (except, of course, plush toys or toys with an electronics component). It's so much faster than wiping them down by hand. Plus, fewer germs means less time dealing with nasty colds.
Dharmender Kumar
Champapet Branch
SAVE TIME
“Success is not hitting the headlines; Success is in reaching the heart lines” - Ramesh Kumar Bung.“The more love you give, the more you receive, the more you have the easier it becomes to give” - Ramesh Kumar Bung
58 59
SPORTS & EVENTS BANK CONDUCTS COMPETITIONS IN SPORTS, GAMES AND SINGING FOR STAFF
Bank has commenced conducting competitions in Sports and Games to enthuse its staff members on 9th July, 2016 at Victory Play Grounds, Chaderghat, Hyderabad at 8.00 A.M. Sri B. Chakravarthy, Assistant Commissioner of Police, Sultan Bazar, Hyderabad, Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus and Sri Rampal Attal, Vice Chairman have inaugurated the event by lighting the lamp and distributing sports shirts and caps to the participants. All the contestants have taken part in the event fervently.
Sri Purshotamdas Mandhana, while speaking on the occasion said that the Bank has been encouraging various sports and games and other cultural activities to instil enthusiasm among the employees and their children for the past few years. He pronounced that sports and games play an important role in the development of human personality. All the sports and games and cultural activities certainly benefit both mind and body. They create cheerfulness, discipline, fellowship, confidence and physical fitness.
Sri Ramesh Kumar Bung stated that games and sports are essential for the all round development of a personality. It is by playing games and sports that we can develop and maintain our health. Games keep our body alert, active, youthful and energetic. In activities involving games and sports, blood-circulation increases and there is an increased supply of oxygen. Only a healthy person can work long, hard and cheerfully. An unhealthy person may not take as much interest in work as a healthy one. Health can be maintained by exercise alone.
Sri Rampal Attal asserted that games and sports have some additional benefits as they are played in groups and in healthy competitive spirit. Among many other things, they help develop co-operation, quality of leadership, team spirit and a willingness to submit to, and further, the rule of law. Games instil in the players the spirit of self-reliance, justice, fair play and sporting spirit.
Sri Chakravarty stated that sports and games make people bold, adventurous, social, disciplined and more conscious of their responsibilities towards society and nation. Players have been found better equipped to fight superstitions, communalism, obscurantism and narrow approach to issues of national interest. He wished all the best for the players who are participating in the various games.
After the inaugural function, various games like Cricket, Musical Chairs, Lemon and Spoon, Sack Race and others continued till evening. Competitions in music were conducted in Staff Training College earlier.
READER'S DIGEST CIBIL TO PROVIDE ONE FREE CREDIT REPORT A YEAR: RBI GOVERNOR
The Chief Editor,HAMARA PRAYAS.Dear Sir,Today received your 7th issue of Volume VI. Your publication if very useful to our employees, not even in day to day banking but in our day to day life also, particularly we always read the first page i.e. Chairman's Desk. Your Banking Awareness topic increases the knowledge base of our employees. Wish you best of luck and have a good day.Bapusaheb Ghemud, Chief Executive OfficerGautam Sahakari Bank Ltd.Kolpewadi, Gautamnagar, Dist. Ahmednagar [MS]
The Chief Executive Officer, Mahesh Bank. I am very grateful to you for sending me your tabloid. I am waiting eagerly to read contents published therein which are very much useful in day to day life as well as better future, especially Chairman-Emeritus Inks and MD & CEO Speaks and also other banking information. Totally, the Tabloid is very useful in life and in general. Keep going. With Regards, Basanagouda S. Patil, Siddheshwar Cooperative Bank, Vijayapur.
Credit Information Bureau of India (CIBIL) will start providing individuals with one free credit report a year, Reserve Bank Chief Raghuram Rajan said on 18th July, 2016. The credit report is used by financial institutions to check the credit worthiness of an individual before dispensing a loan. Individuals have to currently pay around Rs 500 to CIBIL to get their credit report. CIBIL, which was founded in 2000, is among the leading providers of credit reports on individuals."By the end of the year, the Credit Information Bureau of India will start providing individuals with one free credit report a year, so that they can check their credit rating and petition if they see possible discrepancies," Dr Rajan said at a seminar on 'Transforming Rural India through Financial Inclusion'. "When an individual knows that a default will spoil their credit rating and cut off future access to credit, they have strong incentives to make timely payments," Dr Rajan said.The RBI chief also said that credit information bureaus have helped tremendously in solving both the information problem in retail credit. Dr Rajan said that there is a need to expand the reach of credit bureaus in rural areas by bringing borrowing under self-help groups into their ambit.
“When you make peace with the fact that life is okay just the way it is, you free yourself from a great deal of frustration” - Ramesh Kumar Bung.“Never forget, your good character is always important than the size of your brain or the thickness of your wallet” - Ramesh Kumar Bung.
58 59
SPORTS & EVENTS BANK CONDUCTS COMPETITIONS IN SPORTS, GAMES AND SINGING FOR STAFF
Bank has commenced conducting competitions in Sports and Games to enthuse its staff members on 9th July, 2016 at Victory Play Grounds, Chaderghat, Hyderabad at 8.00 A.M. Sri B. Chakravarthy, Assistant Commissioner of Police, Sultan Bazar, Hyderabad, Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus and Sri Rampal Attal, Vice Chairman have inaugurated the event by lighting the lamp and distributing sports shirts and caps to the participants. All the contestants have taken part in the event fervently.
Sri Purshotamdas Mandhana, while speaking on the occasion said that the Bank has been encouraging various sports and games and other cultural activities to instil enthusiasm among the employees and their children for the past few years. He pronounced that sports and games play an important role in the development of human personality. All the sports and games and cultural activities certainly benefit both mind and body. They create cheerfulness, discipline, fellowship, confidence and physical fitness.
Sri Ramesh Kumar Bung stated that games and sports are essential for the all round development of a personality. It is by playing games and sports that we can develop and maintain our health. Games keep our body alert, active, youthful and energetic. In activities involving games and sports, blood-circulation increases and there is an increased supply of oxygen. Only a healthy person can work long, hard and cheerfully. An unhealthy person may not take as much interest in work as a healthy one. Health can be maintained by exercise alone.
Sri Rampal Attal asserted that games and sports have some additional benefits as they are played in groups and in healthy competitive spirit. Among many other things, they help develop co-operation, quality of leadership, team spirit and a willingness to submit to, and further, the rule of law. Games instil in the players the spirit of self-reliance, justice, fair play and sporting spirit.
Sri Chakravarty stated that sports and games make people bold, adventurous, social, disciplined and more conscious of their responsibilities towards society and nation. Players have been found better equipped to fight superstitions, communalism, obscurantism and narrow approach to issues of national interest. He wished all the best for the players who are participating in the various games.
After the inaugural function, various games like Cricket, Musical Chairs, Lemon and Spoon, Sack Race and others continued till evening. Competitions in music were conducted in Staff Training College earlier.
READER'S DIGEST CIBIL TO PROVIDE ONE FREE CREDIT REPORT A YEAR: RBI GOVERNOR
The Chief Editor,HAMARA PRAYAS.Dear Sir,Today received your 7th issue of Volume VI. Your publication if very useful to our employees, not even in day to day banking but in our day to day life also, particularly we always read the first page i.e. Chairman's Desk. Your Banking Awareness topic increases the knowledge base of our employees. Wish you best of luck and have a good day.Bapusaheb Ghemud, Chief Executive OfficerGautam Sahakari Bank Ltd.Kolpewadi, Gautamnagar, Dist. Ahmednagar [MS]
The Chief Executive Officer, Mahesh Bank. I am very grateful to you for sending me your tabloid. I am waiting eagerly to read contents published therein which are very much useful in day to day life as well as better future, especially Chairman-Emeritus Inks and MD & CEO Speaks and also other banking information. Totally, the Tabloid is very useful in life and in general. Keep going. With Regards, Basanagouda S. Patil, Siddheshwar Cooperative Bank, Vijayapur.
Credit Information Bureau of India (CIBIL) will start providing individuals with one free credit report a year, Reserve Bank Chief Raghuram Rajan said on 18th July, 2016. The credit report is used by financial institutions to check the credit worthiness of an individual before dispensing a loan. Individuals have to currently pay around Rs 500 to CIBIL to get their credit report. CIBIL, which was founded in 2000, is among the leading providers of credit reports on individuals."By the end of the year, the Credit Information Bureau of India will start providing individuals with one free credit report a year, so that they can check their credit rating and petition if they see possible discrepancies," Dr Rajan said at a seminar on 'Transforming Rural India through Financial Inclusion'. "When an individual knows that a default will spoil their credit rating and cut off future access to credit, they have strong incentives to make timely payments," Dr Rajan said.The RBI chief also said that credit information bureaus have helped tremendously in solving both the information problem in retail credit. Dr Rajan said that there is a need to expand the reach of credit bureaus in rural areas by bringing borrowing under self-help groups into their ambit.
“When you make peace with the fact that life is okay just the way it is, you free yourself from a great deal of frustration” - Ramesh Kumar Bung.“Never forget, your good character is always important than the size of your brain or the thickness of your wallet” - Ramesh Kumar Bung.
60
NON-FUND BASED CREDIT – LETTERS OF CREDIT
Besides issuing Bank Guarantees, banks also provide an LC facility which is another important segment of non-fund based business. Letters of Credit issued by banks facilitate trade between two parties, whether at domestic or international level. Banks play an important role as an intermediary between two trading parties situated in two distant places. For example, assume that an importer in Finland wants to import a special variety of textile manufactured by an enterprise in India. The Indian manufacturer wants to export the merchandise at an agreed rate but is worried whether the importer will make payment after taking delivery of the consignment. Similarly, the importer in Finland is also worried whether the manufacturer will maintain the quality of the product and whether the consignments will be shipped as per the required schedule. In these circumstances, settlement of trade becomes much easier if a mutually acceptable third party guarantees the payment to the manufacturer (exporter) as well as delivery of the merchandise to the buyer (importer).
The role of a bank as an intermediary and a guarantor considerably enhances the level of comfort required for trading for both the parties. The manufacturer/seller ships the consignment and hands over a set of documents to the bank evidencing shipment of goods. The bank scrutinises and sends these documents to another bank at the importer's place with an instruction that the documents be handed over to the importer either (i) against payment or (ii) against a legally enforceable promise to pay at a later date. The bank then passes on the payment received in this manner to the exporter after deducting a commission or service charges. This is the system of documentary collection. The former system is known as delivery of documents against payment (D/P). Similarly, the latter is known as the system of delivery against acceptance (D/A).
The system of documentary collection has some inherent drawbacks. The buyer may not take delivery of the goods or may default in making payments. Here, the seller faces a difficult proposition of dealing with the goods in a foreign country. If the buyer does not pay or goes insolvent, the seller might have to enter into
litigation in a foreign country for recovering his dues. The transactions involved in documentary collection pose different types of risk both for the buyer and seller although the documents are routed through a bank. A need for more streamlined system involving the bank as an intermediate was therefore felt by the trading world. This led to the evolution of 'Documentary Credit' or 'Letter of credit' system. In this system, the seller is given a guarantee of payment by the bank, provided the goods conform to the quality standards and other stipulations made by the buyer. The various elements of risk assumed by the two trading parties are mitigated to large extent by virtue of a guarantee extended by the buyer's bank to the seller.
A Letter of Credit is an undertaking issued by a bank on behalf of the buyer to the seller, to pay for the goods and services, provided that the seller presents documents which comply with the terms and conditions stipulated in the letters of credit. Article 2 of the Uniform Customs and Practices for Documentary Credits (UCPDC), 2007 Revision, ICC Brochure No: 600 defines a Documentary Credit. In International trade, when a letter of credit is issued, the buyer is the importer of goods and the seller is the exporter. It is necessary that the terms of the LC comply with relevant exchange regulations prevalent in the respective countries. In India, The Foreign Exchange Management Act (FEMA) and the Exchange Control Manual prescribe the terms and conditions in this regard. Besides, the transactions relating to foreign LCs are also governed by the rules framed by FEDAI (Foreign Exchange Dealers Association of India). The modalities for issuing documentary credits are also subject to the provisions of UCPDC framed by International Chamber of Commerce (ICC).
A transaction in LC may involve several parties at different stages i.e., from the issue of LC till making payment of the bills to the seller as promised in the
LC: (1) Applicant: The buyer finalises the terms and conditions of a purchase transaction and submits a request to his bank for issuing an LC in
favour of the seller. (2) Beneficiary: The beneficiary of the LC is the person in whose favour the credit has been issued. Generally, the credit is issued favouring the seller of the goods and
services. (3) Opening Bank: On receipt of request from its customer, the applicant's (purchaser's) bank examines the proposal and opens an LC in favour of the beneficiary with the stipulated terms and conditions. This bank is
known as the issuing/opening bank. (4) Advising
Bank: In case the seller (beneficiary) resides at a distant place or in a foreign country, the issuing bank may contact some other bank in the beneficiary's country. The identified bank in the beneficiary's country may agree to advise the credit to the beneficiary and thus plays the role of an advising bank. The issuing bank may have its own branch in that foreign country or may arrange with a correspondent bank operating in the foreign country for rendering the advisory and
authentication services. (5) Confirming Bank: Though the advising bank may advise the authenticity of the credit to the beneficiary, the latter may desire to have an additional confirmation from a bank in his own country which provides its own independent undertaking for making payment in addition to that of the issuing bank. The beneficiary may stipulate the need for additional confirmation, if he feels that there is a political risk in dealing with the country in which the issuing bank is situated. Further, the confirmation protects the beneficiary against failure or default of the issuing bank in meeting the
promises made in the LC. (6) Nominated /
Negotiating Bank: The issuing bank may nominate another bank in the beneficiary's country to which the beneficiary presents its documents and from which it obtains payment of the sum against the LC. The role of a nominated / negotiating bank may be played by an issuing bank, an advising bank or another bank depending on the terms of the documentary credit. In a freely negotiable credit, any bank is a
nominated bank. (7) Reimbursing Bank: The issuing bank of the LC may arrange with another bank which may reimburse the amount under the LC to the bank that has made a payment to the beneficiary. Such banks are known as reimbursing banks.
In an LC transaction, there are many parties involved, spread over different geographical regions and countries. These parties function
under different legal systems and jurisdictions and settlement of any dispute arising out of any terms and conditions of the LC through normal legal channels may become a complicated process, if not impossible. It was against this backdrop that codification and publication of a common set of rules applicable to documentary credits were done at the behest of the ICC (Paris). The latest revision has been carried out in 2007 (ICC Publication No. 600) which has come into effect from July 1, 2007. The document is known as the Uniform Customs and Practices of Documentary Credit.
[To be continued]
K.K. RathiHead Office
61
GREATEST QUOTES OF DR. APJ ABDUL KALAM
01. “Failure will never overtake me if my determination to succeed is strong enough”
02. “Don't take rest after your first victory because if you fail in second, more lips are waiting to say that your first victory was just luck.”
03. “Man needs difficulties in life because they are necessary to enjoy the success.”
04. “If you want to shine like a sun. First burn like a sun.”
05. “Be more dedicated to making solid achievements than in running after swift but synthetic happiness”.
06. “For me, there are two types of people: the young and the experienced.”
07. “You have to dream before your dreams can come true.”
08. “Climbing to the top demands strength, whether it is to the top of Mount Everest or to the top of your career. “
09. “Let us sacrifice our today so that our children can have a better tomorrow.”
10. “Look at the sky. We are not alone. The whole universe is friendly to us and conspires only to give the best to those who dream and work”.
A.P. J. Abdul Kalam's 1st Anniversary – 27.07.2016
It is the hour of trial that makes me great, not the hour of triumph” - Ramesh Kumar Bung.“If you fail, be sure it is a result of dreaming too big, not thinking too small” - Ramesh Kumar Bung.
60
NON-FUND BASED CREDIT – LETTERS OF CREDIT
Besides issuing Bank Guarantees, banks also provide an LC facility which is another important segment of non-fund based business. Letters of Credit issued by banks facilitate trade between two parties, whether at domestic or international level. Banks play an important role as an intermediary between two trading parties situated in two distant places. For example, assume that an importer in Finland wants to import a special variety of textile manufactured by an enterprise in India. The Indian manufacturer wants to export the merchandise at an agreed rate but is worried whether the importer will make payment after taking delivery of the consignment. Similarly, the importer in Finland is also worried whether the manufacturer will maintain the quality of the product and whether the consignments will be shipped as per the required schedule. In these circumstances, settlement of trade becomes much easier if a mutually acceptable third party guarantees the payment to the manufacturer (exporter) as well as delivery of the merchandise to the buyer (importer).
The role of a bank as an intermediary and a guarantor considerably enhances the level of comfort required for trading for both the parties. The manufacturer/seller ships the consignment and hands over a set of documents to the bank evidencing shipment of goods. The bank scrutinises and sends these documents to another bank at the importer's place with an instruction that the documents be handed over to the importer either (i) against payment or (ii) against a legally enforceable promise to pay at a later date. The bank then passes on the payment received in this manner to the exporter after deducting a commission or service charges. This is the system of documentary collection. The former system is known as delivery of documents against payment (D/P). Similarly, the latter is known as the system of delivery against acceptance (D/A).
The system of documentary collection has some inherent drawbacks. The buyer may not take delivery of the goods or may default in making payments. Here, the seller faces a difficult proposition of dealing with the goods in a foreign country. If the buyer does not pay or goes insolvent, the seller might have to enter into
litigation in a foreign country for recovering his dues. The transactions involved in documentary collection pose different types of risk both for the buyer and seller although the documents are routed through a bank. A need for more streamlined system involving the bank as an intermediate was therefore felt by the trading world. This led to the evolution of 'Documentary Credit' or 'Letter of credit' system. In this system, the seller is given a guarantee of payment by the bank, provided the goods conform to the quality standards and other stipulations made by the buyer. The various elements of risk assumed by the two trading parties are mitigated to large extent by virtue of a guarantee extended by the buyer's bank to the seller.
A Letter of Credit is an undertaking issued by a bank on behalf of the buyer to the seller, to pay for the goods and services, provided that the seller presents documents which comply with the terms and conditions stipulated in the letters of credit. Article 2 of the Uniform Customs and Practices for Documentary Credits (UCPDC), 2007 Revision, ICC Brochure No: 600 defines a Documentary Credit. In International trade, when a letter of credit is issued, the buyer is the importer of goods and the seller is the exporter. It is necessary that the terms of the LC comply with relevant exchange regulations prevalent in the respective countries. In India, The Foreign Exchange Management Act (FEMA) and the Exchange Control Manual prescribe the terms and conditions in this regard. Besides, the transactions relating to foreign LCs are also governed by the rules framed by FEDAI (Foreign Exchange Dealers Association of India). The modalities for issuing documentary credits are also subject to the provisions of UCPDC framed by International Chamber of Commerce (ICC).
A transaction in LC may involve several parties at different stages i.e., from the issue of LC till making payment of the bills to the seller as promised in the
LC: (1) Applicant: The buyer finalises the terms and conditions of a purchase transaction and submits a request to his bank for issuing an LC in
favour of the seller. (2) Beneficiary: The beneficiary of the LC is the person in whose favour the credit has been issued. Generally, the credit is issued favouring the seller of the goods and
services. (3) Opening Bank: On receipt of request from its customer, the applicant's (purchaser's) bank examines the proposal and opens an LC in favour of the beneficiary with the stipulated terms and conditions. This bank is
known as the issuing/opening bank. (4) Advising
Bank: In case the seller (beneficiary) resides at a distant place or in a foreign country, the issuing bank may contact some other bank in the beneficiary's country. The identified bank in the beneficiary's country may agree to advise the credit to the beneficiary and thus plays the role of an advising bank. The issuing bank may have its own branch in that foreign country or may arrange with a correspondent bank operating in the foreign country for rendering the advisory and
authentication services. (5) Confirming Bank: Though the advising bank may advise the authenticity of the credit to the beneficiary, the latter may desire to have an additional confirmation from a bank in his own country which provides its own independent undertaking for making payment in addition to that of the issuing bank. The beneficiary may stipulate the need for additional confirmation, if he feels that there is a political risk in dealing with the country in which the issuing bank is situated. Further, the confirmation protects the beneficiary against failure or default of the issuing bank in meeting the
promises made in the LC. (6) Nominated /
Negotiating Bank: The issuing bank may nominate another bank in the beneficiary's country to which the beneficiary presents its documents and from which it obtains payment of the sum against the LC. The role of a nominated / negotiating bank may be played by an issuing bank, an advising bank or another bank depending on the terms of the documentary credit. In a freely negotiable credit, any bank is a
nominated bank. (7) Reimbursing Bank: The issuing bank of the LC may arrange with another bank which may reimburse the amount under the LC to the bank that has made a payment to the beneficiary. Such banks are known as reimbursing banks.
In an LC transaction, there are many parties involved, spread over different geographical regions and countries. These parties function
under different legal systems and jurisdictions and settlement of any dispute arising out of any terms and conditions of the LC through normal legal channels may become a complicated process, if not impossible. It was against this backdrop that codification and publication of a common set of rules applicable to documentary credits were done at the behest of the ICC (Paris). The latest revision has been carried out in 2007 (ICC Publication No. 600) which has come into effect from July 1, 2007. The document is known as the Uniform Customs and Practices of Documentary Credit.
[To be continued]
K.K. RathiHead Office
61
GREATEST QUOTES OF DR. APJ ABDUL KALAM
01. “Failure will never overtake me if my determination to succeed is strong enough”
02. “Don't take rest after your first victory because if you fail in second, more lips are waiting to say that your first victory was just luck.”
03. “Man needs difficulties in life because they are necessary to enjoy the success.”
04. “If you want to shine like a sun. First burn like a sun.”
05. “Be more dedicated to making solid achievements than in running after swift but synthetic happiness”.
06. “For me, there are two types of people: the young and the experienced.”
07. “You have to dream before your dreams can come true.”
08. “Climbing to the top demands strength, whether it is to the top of Mount Everest or to the top of your career. “
09. “Let us sacrifice our today so that our children can have a better tomorrow.”
10. “Look at the sky. We are not alone. The whole universe is friendly to us and conspires only to give the best to those who dream and work”.
A.P. J. Abdul Kalam's 1st Anniversary – 27.07.2016
It is the hour of trial that makes me great, not the hour of triumph” - Ramesh Kumar Bung.“If you fail, be sure it is a result of dreaming too big, not thinking too small” - Ramesh Kumar Bung.
EVERY PROBLEM LEADS TO ONE OF TWO CHOICES
62 63
Some say life is a struggle. If it is, every problem we face leads us to one of two choices. Either we choose to be victorious or we choose to be a victim. Either we choose to be responsible for the life we create or we shirk our responsibility by blaming others for our failures and unhappiness. Those who choose to be victorious don't find life to be a struggle. They find it to be exhilarating. They don't encounter PROBLEMS; they merely face THINGS THEY WISH TO CHANGE. When they find something blocking their way, they look for a way to get around it or to overcome it. In a word, they look for, and find, solutions. On the other hand, those who choose to be victims are experts at looking for excuses. They almost delight in finding others to blame for their self-inflicted misery. Let's take a look at two real-life examples.
Mr. Sagar is in his fifties and claims he wishes to recover from a long string of failures. To this end, he enrolled in a college course to update his skills. One day, when the instructor was writing on the blackboard, he shouted from the back of the room, "Write larger! I can't read what you're writing." Mr. Sagar was miffed when the instructor ignored his pleas. A few weeks later, he complained to his classmates, "I'm afraid I'll have to drop out of this course. I have bad eyes and our teacher writes too small. How can I take notes and learn the material? Our instructor doesn't seem to care about my 'disability'.”
“Why don't you come to class early so you can get a seat in the front of the room?" suggested a classmate. "Because the bus in my area runs only once an hour, if I took the earlier bus, I would arrive much too early." replied Sagar. "Get a pair of glasses" another classmate advised. "I have a pair," said Sagar, "but they are not very helpful." Exasperated, another classmate asked, "Well then, why don't you get a pair of opera glasses?" Sagar had an answer for that too: "I can't afford opera glasses. I can barely afford to pay the bus fare to get here.”
Mr. Sagar had an answer for every question. Although he could never find solutions for whatever was troubling him, he was proficient in finding excuses for his inaction. He was convinced he had certain 'disabilities' that warranted special treatment. The World should conform to his
'special needs,' he reasoned. Mr. Santosh is an entirely different breed. Born with stumps in the place of arms and legs, he believed it was his responsibility to adapt to the world rather than demanding the world change for him. The challenges that Mr. Santosh has to face make Mr. Sagar's pleas for special treatment embarrassing at best and laughable at worse.
Despite the enormous obstacles facing Santosh, his lack of arms and legs did not prevent him from learning how to write and type. Neither did it prevent him from becoming a defensive lineman on a football team, a university student, and the top wrestler in the state where he born. Mr. Santosh Kyle realizes that making excuses holds us back while assuming responsibility moves us forward. He understands that responsibility is empowering, and the more of it we take on, the more we will be, do, and have what we want.
Problems, difficulties, challenges, or whatever we choose to call them, shouldn't stop our progress. Rather, they should cause us to ask the following three questions.
1. What do I want from life now? 2. What is preventing me from getting what I want? 3. What am I going to do about it?
The answer to the first question introduces purpose, direction, and meaning to our lives, for when we know what we want to be, do and have, we have goals to achieve, mountains to climb, and a reason for being. The answer to the second question is the first step in finding a solution. After all, we cannot solve a problem until we admit that we have one.
The answer to the final question comes in the form of steps we can take to defeat our difficulty. It is a road map, an action plan that, as long as we follow it, will take us where we wish to go.
Those who choose to be victims can usually answer the first question because even they know what they want most of the time. However, they blind themselves to the truth when it comes to the second question. For instead of looking for solutions, they doggedly search for excuses. They blame anything or anyone else for their problems. They refuse to get involved in finding a solution because they are, after all, victims. Their answer to the question,
"What am I going to do about it?" is "I am going to do nothing. I'm going to stay put. Even though I'm unhappy where I am, I'm not going to change. I prefer to have the World change, and I refuse to do anything until it does." If there is something in your life that you wish to change, but are finding it difficult to do so, you may find it helpful to understand the five steps of change.
In the first step of making a change, we will feel AMBIVALENT. That is, we will both want to and not want to change at the same time. That is perfectly natural. You see, although we WANT TO improve our lives, we DON'T WANT TO experience the immediate, though temporary, discomfort that usually accompanies making a change. So, when you find yourself hesitant, don't get discouraged. Rather, understand the cause of your hesitancy, focus on the benefits that change will bring, and force yourself to take the right steps.You begin the second step of change when you answer the third question (What am I going to do about it?). For the second step of change is one of preparation. In this stage you outline the steps you need to take to get you where you want to go.
The third step is implementation. That is, you carry out your plan by taking the necessary steps.The fourth step is broadly called maintenance. You check your progress and make corrections when needed. Reworded, you make sure you stay on course and are headed for your target.
The fifth step or stage of change isn't experienced by everyone, but is important to understand. It is the step called relapse. You may suddenly find that, despite your initial progress, you have slipped back to your previous state. Like step one, relapse is a natural event. It is to be expected. Although not everyone
experiences it, many people, if not most, do. So when it happens, just pick yourself up, brush yourself off, and say, "I'm not going to get discouraged and give up now! I refuse to choose to be a victim! I choose to be victorious, so I'm getting back to the program of change and regaining control over my life!”
T. Gangadhar Rao
HEAD OFFICE
Indian banks are in trouble, and the trouble-
makers refuse to toe the line. Up to 8,167
borrowers—despite their ability to repay—have
defaulted on Rs76,685 crore ($11.4 billion) of
loans taken from public sector banks in Asia's
third-largest economy. Answering a query in the
Rajya Sabha on July 19, India's finance minister
Arun Jaitley said cases have been filed against
1,724 such entities, called wilful defaulters.
A wilful defaulter is one who fails to repay the
lender despite being able to, or uses the funds
meant for repayment for other activities. The bad
news is that this may just be a fraction of such
defaults. Bad loans are a sticky issue among
Indian banks staring at huge losses due to these
toxic assets. An estimated Rs13 lakh crore in bad
loans have bogged down the banking system
itself, prompting everyone—from the Reserve
Bank of India (RBI) to the government—to fire-
fight.
RBI governor Raghuram Rajan had directed
banks to make provisions to cover such loans by
March 2017. This has resulted in a massive
erosion of profits of many big lenders. Rajan has
said that the RBI will soon make the list of wilful
defaulters public. The government, on the other
hand, announced on July 19, that it will infuse
Rs22,915 crore as equity in public sector banks in
an effort to strengthen their weak balance sheets.
THE RICH OWE INDIAN BANKS MORE THAN $11 BILLION BUT REFUSE TO PAY UP
Team work means more we and less me.
Umesh Chand Asawa
“People who never make mistakes are those who do nothing” - Ramesh Kumar Bung.“Substitute ‘I can’ with ‘I will try’ and just watch what happens” - Ramesh Kumar Bung.
EVERY PROBLEM LEADS TO ONE OF TWO CHOICES
62 63
Some say life is a struggle. If it is, every problem we face leads us to one of two choices. Either we choose to be victorious or we choose to be a victim. Either we choose to be responsible for the life we create or we shirk our responsibility by blaming others for our failures and unhappiness. Those who choose to be victorious don't find life to be a struggle. They find it to be exhilarating. They don't encounter PROBLEMS; they merely face THINGS THEY WISH TO CHANGE. When they find something blocking their way, they look for a way to get around it or to overcome it. In a word, they look for, and find, solutions. On the other hand, those who choose to be victims are experts at looking for excuses. They almost delight in finding others to blame for their self-inflicted misery. Let's take a look at two real-life examples.
Mr. Sagar is in his fifties and claims he wishes to recover from a long string of failures. To this end, he enrolled in a college course to update his skills. One day, when the instructor was writing on the blackboard, he shouted from the back of the room, "Write larger! I can't read what you're writing." Mr. Sagar was miffed when the instructor ignored his pleas. A few weeks later, he complained to his classmates, "I'm afraid I'll have to drop out of this course. I have bad eyes and our teacher writes too small. How can I take notes and learn the material? Our instructor doesn't seem to care about my 'disability'.”
“Why don't you come to class early so you can get a seat in the front of the room?" suggested a classmate. "Because the bus in my area runs only once an hour, if I took the earlier bus, I would arrive much too early." replied Sagar. "Get a pair of glasses" another classmate advised. "I have a pair," said Sagar, "but they are not very helpful." Exasperated, another classmate asked, "Well then, why don't you get a pair of opera glasses?" Sagar had an answer for that too: "I can't afford opera glasses. I can barely afford to pay the bus fare to get here.”
Mr. Sagar had an answer for every question. Although he could never find solutions for whatever was troubling him, he was proficient in finding excuses for his inaction. He was convinced he had certain 'disabilities' that warranted special treatment. The World should conform to his
'special needs,' he reasoned. Mr. Santosh is an entirely different breed. Born with stumps in the place of arms and legs, he believed it was his responsibility to adapt to the world rather than demanding the world change for him. The challenges that Mr. Santosh has to face make Mr. Sagar's pleas for special treatment embarrassing at best and laughable at worse.
Despite the enormous obstacles facing Santosh, his lack of arms and legs did not prevent him from learning how to write and type. Neither did it prevent him from becoming a defensive lineman on a football team, a university student, and the top wrestler in the state where he born. Mr. Santosh Kyle realizes that making excuses holds us back while assuming responsibility moves us forward. He understands that responsibility is empowering, and the more of it we take on, the more we will be, do, and have what we want.
Problems, difficulties, challenges, or whatever we choose to call them, shouldn't stop our progress. Rather, they should cause us to ask the following three questions.
1. What do I want from life now? 2. What is preventing me from getting what I want? 3. What am I going to do about it?
The answer to the first question introduces purpose, direction, and meaning to our lives, for when we know what we want to be, do and have, we have goals to achieve, mountains to climb, and a reason for being. The answer to the second question is the first step in finding a solution. After all, we cannot solve a problem until we admit that we have one.
The answer to the final question comes in the form of steps we can take to defeat our difficulty. It is a road map, an action plan that, as long as we follow it, will take us where we wish to go.
Those who choose to be victims can usually answer the first question because even they know what they want most of the time. However, they blind themselves to the truth when it comes to the second question. For instead of looking for solutions, they doggedly search for excuses. They blame anything or anyone else for their problems. They refuse to get involved in finding a solution because they are, after all, victims. Their answer to the question,
"What am I going to do about it?" is "I am going to do nothing. I'm going to stay put. Even though I'm unhappy where I am, I'm not going to change. I prefer to have the World change, and I refuse to do anything until it does." If there is something in your life that you wish to change, but are finding it difficult to do so, you may find it helpful to understand the five steps of change.
In the first step of making a change, we will feel AMBIVALENT. That is, we will both want to and not want to change at the same time. That is perfectly natural. You see, although we WANT TO improve our lives, we DON'T WANT TO experience the immediate, though temporary, discomfort that usually accompanies making a change. So, when you find yourself hesitant, don't get discouraged. Rather, understand the cause of your hesitancy, focus on the benefits that change will bring, and force yourself to take the right steps.You begin the second step of change when you answer the third question (What am I going to do about it?). For the second step of change is one of preparation. In this stage you outline the steps you need to take to get you where you want to go.
The third step is implementation. That is, you carry out your plan by taking the necessary steps.The fourth step is broadly called maintenance. You check your progress and make corrections when needed. Reworded, you make sure you stay on course and are headed for your target.
The fifth step or stage of change isn't experienced by everyone, but is important to understand. It is the step called relapse. You may suddenly find that, despite your initial progress, you have slipped back to your previous state. Like step one, relapse is a natural event. It is to be expected. Although not everyone
experiences it, many people, if not most, do. So when it happens, just pick yourself up, brush yourself off, and say, "I'm not going to get discouraged and give up now! I refuse to choose to be a victim! I choose to be victorious, so I'm getting back to the program of change and regaining control over my life!”
T. Gangadhar Rao
HEAD OFFICE
Indian banks are in trouble, and the trouble-
makers refuse to toe the line. Up to 8,167
borrowers—despite their ability to repay—have
defaulted on Rs76,685 crore ($11.4 billion) of
loans taken from public sector banks in Asia's
third-largest economy. Answering a query in the
Rajya Sabha on July 19, India's finance minister
Arun Jaitley said cases have been filed against
1,724 such entities, called wilful defaulters.
A wilful defaulter is one who fails to repay the
lender despite being able to, or uses the funds
meant for repayment for other activities. The bad
news is that this may just be a fraction of such
defaults. Bad loans are a sticky issue among
Indian banks staring at huge losses due to these
toxic assets. An estimated Rs13 lakh crore in bad
loans have bogged down the banking system
itself, prompting everyone—from the Reserve
Bank of India (RBI) to the government—to fire-
fight.
RBI governor Raghuram Rajan had directed
banks to make provisions to cover such loans by
March 2017. This has resulted in a massive
erosion of profits of many big lenders. Rajan has
said that the RBI will soon make the list of wilful
defaulters public. The government, on the other
hand, announced on July 19, that it will infuse
Rs22,915 crore as equity in public sector banks in
an effort to strengthen their weak balance sheets.
THE RICH OWE INDIAN BANKS MORE THAN $11 BILLION BUT REFUSE TO PAY UP
Team work means more we and less me.
Umesh Chand Asawa
“People who never make mistakes are those who do nothing” - Ramesh Kumar Bung.“Substitute ‘I can’ with ‘I will try’ and just watch what happens” - Ramesh Kumar Bung.
64 65
The dream of the Indian Air Force to have a squadron of the indigenous Tejas Light Combat Aircraft is realized on 1st July, 2016, after years of delay. Two aircrafts are ready to be inducted into the IAF squadron, known as the 'Flying Daggers 45' at a ceremony in Bengaluru.
For the first two years, the squadron will be based in Bengaluru, after which it will move to Sulur in Tamil Nadu.
The IAF has said that the aircraft will feature quite prominently in the force's combat plan next year and it might be deployed in forward bases as well. There are also plans to acquire over 80 aircraft with better specifications, known as Tejas 1A in the future.
Facts about the Tejas LCA
Ÿ It was in 1984 that the government of India first moved decisively to kick-start the process to build an indigenous aircraft. Aeronautical Development Agency (ADA) was set up by the government to develop the programme.
Ÿ In 1986, Rs 575 crores were allocated by the then government towards funding the programme.
Ÿ On January 4th, 2001, the light combat aircraft made its first flight, a milestone in the Indian aviation industry. Then Prime Minister Atal Behari Vajpayee named the aircraft 'Tejas' - which means 'radiance' in Sanskrit.
Ÿ The induction of Tejas comes at an important time when the IAF has wanted to desperately replace it with the ageing fleet of MiG-21, responsible for so many crashes.
Ÿ The aircraft is equipped to handle air-to-air missiles, air-to-surface missiles, anti-ship missiles, bombs and rockets.
Ÿ The aircraft's structure is composed of 42% carbon fibre composites, 43% aluminium alloy and the remainder titanium alloy.
Ÿ The aircraft is being developed in single-seat fighter and twin-seat trainer variants for the IAF and the Navy.
Ÿ Earlier this year, the aircraft participated in its first foreign show at the Bahrain International Air Show 2016 where aircraft enthusiasts compared it to Pakistan's JF-17 Thunder that was produced with the help of China.
Ÿ It is considered to be the lightest multi-role supersonic aircraft of its class.
Ÿ The aircraft can travel at a maximum speed of 2,205 km/hr for FOC version and 2,000 km/hr for IOC version.
01. Go to Google homepage and type the words, ‘I want to commit suicide’. In its search results, Google provides the suicide helpline number of your country.
02. Go to Google Maps, and click on the satellite view and zoom out as much as possible. You can see an amazing view of earth with real time shadows. You can also see clouds if you zoom it twice.
03. Google has a pet T-rex, named Stan, which lives at their California headquarters. Founders bought it to remind the employees to not to let Google go extinct.
04. Go to Google Mars. You can see a map of Mars.
05. Google rents goats from California Grazing to mow their lawns and fields. The employees think that it is a lot cuter to watch goats do the mowing than lawn mowers.
06. Google is a wedding planner. Yes, it is right. Plan your special day with Google Wedding.
07. Google Sky Maps allow you to view stars, constellations, galaxies and planets. Check out www.google.com/sky.
08. The prime reason the Google homepage is so bare is due to the fact that the founders did not know HTML and just wanted a quick interface. In fact, it was noted that the submit button was a long time coming and hitting the RETURN key was the only way to burst Google into life.
09. Orkut is very popular in Brazil. Orkut was the brainchild of a very intelligent Google engineer who was pretty much given free reign to run with it, without having to go through the normal Google UI procedures, hence the reason it does not look or feel like a Google application.
10. Google has the largest network of translators in the world.
11. The name Google was an accident. A spelling mistake made by the original founders who thought they were going for ‘Googol’.
12. Employees are encouraged to use 20% of their time working on their own projects. Google News, Orkut are both examples of projects that grew from this working model.
13. A Google employee is named as a ‘Googler’ and a new employee is given the name of ‘Noogler’.
14. On 2007’s April fool’s day, the employees of the Google New York office actually found a real snake in the middle of a prank. Celebrating April fool’s Day at Google is a tradition. Google is known to play practical pranks that have left people around the world spellbound on many occasions.
Collected by –
S. Vivek HO: P&D.
The Reserve Bank of India imposed penalties on 22
banks for violating rules for customer identification
and anti-money laundering, ranging from Rs 50 lakh
to around Rs 3 crore, it said on 25.07.2016. RBI has
imposed a total fine of Rs 49.5 crore, including SBI,
PNB, Yes Bank, Kotak Mahindra, Canara Bank and
Bank of India, while it has issued cautionary letters to
Citibank, Stanchart, RBS, BNP Paribas, Tokyo
Mitsubishi, Barclays and State Bank of Patiala.
SBI was fined Rs 3 crore by the central bank,
according to an RBI release. Among private sector
lenders, RBI found violations of regulatory
instructions (in terms of KYC and ALM) in Yes Bank
(fined Rs 2 crore), Kotak Mahindra Bank (Rs 1.5
crore), ING Vysya Bank (Rs 1.50), Federal Bank (Rs 3
crore), Development Credit Bank or DCB (Rs 1 crore),
Dhanlaxmi Bank (Rs 2 crore), Lakshmi Vilas Bank (Rs
2.50 crore) and Jammu & Kashmir Bank (Rs 2.5.)
South-based public sector lenders including Canara
Bank , Andhra Bank and Vijaya Bank will have to shell
out to the tune Rs 3 crore, Rs 2.5 crore and Rs 2 crore
respectively. North-based Punjab National Bank and
Punjab & Sind Bank have to pay a fine of Rs 2.50
crore each. Oriental Bank of Commerce (OBC) will
pay a sum of 2 crore. Kolkata-based United Bank of
India UBI is also to pay Rs 2.50 crore.
Deutsche Bank AG is the only foreign lender to have
appeared in the list of 22 banks. It will have to share Rs
1 crore with the central bank as fine. The RBI had
carried out a study of books of accounts and
compliance systems of banks in April 2013 which
revealed many didn't adhere to know-your-customer
rules, including those related to cash transactions, sale
of gold coins and import of gold coins on consignment
basis.
The RBI also issued cautionary letters to seven other
banks without imposing any monetary penalty after it
was satisfied with their written or oral submissions.
The penalties have been imposed in exercise of
powers vested in the Reserve Bank under the
provisions of Section 47(A)(1)( c ) read with Section
46(4)(i) of the Banking Regulation Act, 1949.
The ancient city of Nalanda city was, historically, home to the most ancient university as well. This week, this little piece of Indian history was finally declared a 'UNESCO World Heritage Site'. The decision was taken at the UNESCO World Heritage Committee's 40th session, currently ongoing at Istanbul, Turkey.
Nalanda was founded by Buddhist monks in the 5th century AD during the reign of the Gupta dynasty, and is a famous Buddhist and Jain pilgrimage city too. The name 'Nalanda' originated from a combination of 3 Sanskrit words: “Na”, “Alam” and “Daa”, which means 'no stopping of the gift of knowledge'. It was the biggest Indian residential university and was known to possess a prestigious treasury of Buddhist knowledge. Nalanda University, in modern day Bihar, is certainly India's pride and joy and we couldn't be happier that it is now in UNESCO Heritage Site list.
Nalanda University was the first International University. It was built under the patronage of the Gupta Empire in the 5th century AD and remained the best centre for learning for over 800 years with around 10,000 students. In fact, 2,000 teachers came from all over the world such as Korea, Japan, China, Tibet, Indonesia, Persia and Turkey.
It was founded by the Buddhist monks with the basic purpose of creating a place fit for meditation. The highly formalised methods of Vedic learning helped inspire the establishment to create large teaching institutions such as Nalanda, as well as Taxila and Vikramashila.
The great library of the Nalanda University was called as Dharma Gunj, which means the Mountain of Truth. The library was said to house hundreds and thousands of volumes of books. The library was attacked several times in past and then later restored by Harshavardhan, the Buddhist king. But the army led by Turkish leader Bakhtiyar Khilji destroyed the complex, massacring all the Buddhist monks in the area. The famous song “O Mere Raja” from the film 'Johny Mera Nam' starring Dev Anand and Hema Malini was shot at the ruins of Nalanda and the Vishwa Shanti Stupa in Rajgir, Bihar.
Nalanda attracts a huge number of tourists every year. It is well connected by road or rail. Rajgiri is the nearest train station. However the frequency of trains is higher at Patna and Gaya. The best time to visit Nalanda is between October and March.
P. Raja Rao, Siddiamber Bazar Branch
TEJAS AIRCRAFT INDUCTED IN INDIAN AIR FORCE: FACTS ABOUT
“The beauty of all things lies in your ability to appreciate them” - Ramesh Kumar Bung.“Nature has placed nothing so high than man cannot reach it with true dedication” - Ramesh Kumar Bung.
INTERESTING FACTS ABOUT NALANDA UNIVERSITY
RBI PENALISES 22 BANKS FOR VIOLATING KYC NORMS,
SBI FINED RS 3 CRORE
64 65
The dream of the Indian Air Force to have a squadron of the indigenous Tejas Light Combat Aircraft is realized on 1st July, 2016, after years of delay. Two aircrafts are ready to be inducted into the IAF squadron, known as the 'Flying Daggers 45' at a ceremony in Bengaluru.
For the first two years, the squadron will be based in Bengaluru, after which it will move to Sulur in Tamil Nadu.
The IAF has said that the aircraft will feature quite prominently in the force's combat plan next year and it might be deployed in forward bases as well. There are also plans to acquire over 80 aircraft with better specifications, known as Tejas 1A in the future.
Facts about the Tejas LCA
Ÿ It was in 1984 that the government of India first moved decisively to kick-start the process to build an indigenous aircraft. Aeronautical Development Agency (ADA) was set up by the government to develop the programme.
Ÿ In 1986, Rs 575 crores were allocated by the then government towards funding the programme.
Ÿ On January 4th, 2001, the light combat aircraft made its first flight, a milestone in the Indian aviation industry. Then Prime Minister Atal Behari Vajpayee named the aircraft 'Tejas' - which means 'radiance' in Sanskrit.
Ÿ The induction of Tejas comes at an important time when the IAF has wanted to desperately replace it with the ageing fleet of MiG-21, responsible for so many crashes.
Ÿ The aircraft is equipped to handle air-to-air missiles, air-to-surface missiles, anti-ship missiles, bombs and rockets.
Ÿ The aircraft's structure is composed of 42% carbon fibre composites, 43% aluminium alloy and the remainder titanium alloy.
Ÿ The aircraft is being developed in single-seat fighter and twin-seat trainer variants for the IAF and the Navy.
Ÿ Earlier this year, the aircraft participated in its first foreign show at the Bahrain International Air Show 2016 where aircraft enthusiasts compared it to Pakistan's JF-17 Thunder that was produced with the help of China.
Ÿ It is considered to be the lightest multi-role supersonic aircraft of its class.
Ÿ The aircraft can travel at a maximum speed of 2,205 km/hr for FOC version and 2,000 km/hr for IOC version.
01. Go to Google homepage and type the words, ‘I want to commit suicide’. In its search results, Google provides the suicide helpline number of your country.
02. Go to Google Maps, and click on the satellite view and zoom out as much as possible. You can see an amazing view of earth with real time shadows. You can also see clouds if you zoom it twice.
03. Google has a pet T-rex, named Stan, which lives at their California headquarters. Founders bought it to remind the employees to not to let Google go extinct.
04. Go to Google Mars. You can see a map of Mars.
05. Google rents goats from California Grazing to mow their lawns and fields. The employees think that it is a lot cuter to watch goats do the mowing than lawn mowers.
06. Google is a wedding planner. Yes, it is right. Plan your special day with Google Wedding.
07. Google Sky Maps allow you to view stars, constellations, galaxies and planets. Check out www.google.com/sky.
08. The prime reason the Google homepage is so bare is due to the fact that the founders did not know HTML and just wanted a quick interface. In fact, it was noted that the submit button was a long time coming and hitting the RETURN key was the only way to burst Google into life.
09. Orkut is very popular in Brazil. Orkut was the brainchild of a very intelligent Google engineer who was pretty much given free reign to run with it, without having to go through the normal Google UI procedures, hence the reason it does not look or feel like a Google application.
10. Google has the largest network of translators in the world.
11. The name Google was an accident. A spelling mistake made by the original founders who thought they were going for ‘Googol’.
12. Employees are encouraged to use 20% of their time working on their own projects. Google News, Orkut are both examples of projects that grew from this working model.
13. A Google employee is named as a ‘Googler’ and a new employee is given the name of ‘Noogler’.
14. On 2007’s April fool’s day, the employees of the Google New York office actually found a real snake in the middle of a prank. Celebrating April fool’s Day at Google is a tradition. Google is known to play practical pranks that have left people around the world spellbound on many occasions.
Collected by –
S. Vivek HO: P&D.
The Reserve Bank of India imposed penalties on 22
banks for violating rules for customer identification
and anti-money laundering, ranging from Rs 50 lakh
to around Rs 3 crore, it said on 25.07.2016. RBI has
imposed a total fine of Rs 49.5 crore, including SBI,
PNB, Yes Bank, Kotak Mahindra, Canara Bank and
Bank of India, while it has issued cautionary letters to
Citibank, Stanchart, RBS, BNP Paribas, Tokyo
Mitsubishi, Barclays and State Bank of Patiala.
SBI was fined Rs 3 crore by the central bank,
according to an RBI release. Among private sector
lenders, RBI found violations of regulatory
instructions (in terms of KYC and ALM) in Yes Bank
(fined Rs 2 crore), Kotak Mahindra Bank (Rs 1.5
crore), ING Vysya Bank (Rs 1.50), Federal Bank (Rs 3
crore), Development Credit Bank or DCB (Rs 1 crore),
Dhanlaxmi Bank (Rs 2 crore), Lakshmi Vilas Bank (Rs
2.50 crore) and Jammu & Kashmir Bank (Rs 2.5.)
South-based public sector lenders including Canara
Bank , Andhra Bank and Vijaya Bank will have to shell
out to the tune Rs 3 crore, Rs 2.5 crore and Rs 2 crore
respectively. North-based Punjab National Bank and
Punjab & Sind Bank have to pay a fine of Rs 2.50
crore each. Oriental Bank of Commerce (OBC) will
pay a sum of 2 crore. Kolkata-based United Bank of
India UBI is also to pay Rs 2.50 crore.
Deutsche Bank AG is the only foreign lender to have
appeared in the list of 22 banks. It will have to share Rs
1 crore with the central bank as fine. The RBI had
carried out a study of books of accounts and
compliance systems of banks in April 2013 which
revealed many didn't adhere to know-your-customer
rules, including those related to cash transactions, sale
of gold coins and import of gold coins on consignment
basis.
The RBI also issued cautionary letters to seven other
banks without imposing any monetary penalty after it
was satisfied with their written or oral submissions.
The penalties have been imposed in exercise of
powers vested in the Reserve Bank under the
provisions of Section 47(A)(1)( c ) read with Section
46(4)(i) of the Banking Regulation Act, 1949.
The ancient city of Nalanda city was, historically, home to the most ancient university as well. This week, this little piece of Indian history was finally declared a 'UNESCO World Heritage Site'. The decision was taken at the UNESCO World Heritage Committee's 40th session, currently ongoing at Istanbul, Turkey.
Nalanda was founded by Buddhist monks in the 5th century AD during the reign of the Gupta dynasty, and is a famous Buddhist and Jain pilgrimage city too. The name 'Nalanda' originated from a combination of 3 Sanskrit words: “Na”, “Alam” and “Daa”, which means 'no stopping of the gift of knowledge'. It was the biggest Indian residential university and was known to possess a prestigious treasury of Buddhist knowledge. Nalanda University, in modern day Bihar, is certainly India's pride and joy and we couldn't be happier that it is now in UNESCO Heritage Site list.
Nalanda University was the first International University. It was built under the patronage of the Gupta Empire in the 5th century AD and remained the best centre for learning for over 800 years with around 10,000 students. In fact, 2,000 teachers came from all over the world such as Korea, Japan, China, Tibet, Indonesia, Persia and Turkey.
It was founded by the Buddhist monks with the basic purpose of creating a place fit for meditation. The highly formalised methods of Vedic learning helped inspire the establishment to create large teaching institutions such as Nalanda, as well as Taxila and Vikramashila.
The great library of the Nalanda University was called as Dharma Gunj, which means the Mountain of Truth. The library was said to house hundreds and thousands of volumes of books. The library was attacked several times in past and then later restored by Harshavardhan, the Buddhist king. But the army led by Turkish leader Bakhtiyar Khilji destroyed the complex, massacring all the Buddhist monks in the area. The famous song “O Mere Raja” from the film 'Johny Mera Nam' starring Dev Anand and Hema Malini was shot at the ruins of Nalanda and the Vishwa Shanti Stupa in Rajgir, Bihar.
Nalanda attracts a huge number of tourists every year. It is well connected by road or rail. Rajgiri is the nearest train station. However the frequency of trains is higher at Patna and Gaya. The best time to visit Nalanda is between October and March.
P. Raja Rao, Siddiamber Bazar Branch
TEJAS AIRCRAFT INDUCTED IN INDIAN AIR FORCE: FACTS ABOUT
“The beauty of all things lies in your ability to appreciate them” - Ramesh Kumar Bung.“Nature has placed nothing so high than man cannot reach it with true dedication” - Ramesh Kumar Bung.
INTERESTING FACTS ABOUT NALANDA UNIVERSITY
RBI PENALISES 22 BANKS FOR VIOLATING KYC NORMS,
SBI FINED RS 3 CRORE
66 67
The Ramayana is one of the two main itihasas – historical epics – of India, along with the Mahabharata. It describes the activities of Krsna’s incarnation Lord Rama, including the kidnapping of His consort Sita by Ravana, King of Lanka, and the subsequent military campaign to release her.
Since a substantial amount of the history takes place in Lanka the actual real identity of Lanka is important to Vaisnavas and devotees of Lord Rama in general. For hundreds, perhaps thousands of years the island that is currently known as “Sri Lanka” has traditionally been identified as the “Lanka” of the Ramayana. But is this really the case? Does the Ramayana support this tradition? This short article explores other possibilities that are consistent with the text of the Ramayana. Strict followers of Krishna’s Vedic culture accept sabdha brahma – knowledge revealed by God (the Ramayana) – as the highest evidence, superior to all others, including tradition.
What do the Sastras say About the Real Lanka? Until 1972 “Sri Lanka” was called Ceylon, which is derived from Tamil Ceralamdivu, Sanskrit Simhaladvipa and Persian Sarandip.
Simhala and Lanka : The majority population of what is now known as “Sri Lanka” are called the Sinhalese people after an old name for the island “Simhala.” This name is attested in the Srimad-Bhagavatam 5.19.29-30. In the opinion of some learned scholars, eight smaller islands surround Jambudvipa. When the sons of Maharaja Sagara were searching all over the world for their lost horse, they dug up the earth, and in this way eight adjoining islands came into existence. The names of these i s lands are Svarnapras tha , C a n d r a s u k l a , A v a r t a n a , Ramanaka, Mandara-harina, Pañcajanya, Simhala and Lanka. However Simhala cannot be Lanka because “Lanka” is listed as the name of a separate and different island.
Distance: “Ceylon – Sri Lanka” is less than 100 km (62 miles) from India whereas in the Valmiki Ramayana it specifically says that the real Lanka was a distance 100 yojanas across the ocean. “On a well-known island in the sea, situated at a distance
of full one hundred yojanas from this shore, lies the lovely city of Lanka, constructed by Viswakarma, (the architect of gods), abounding in wonderful gates of Jambunada (gold found on the banks of the Jammu river) and stately mansions of golden hue with terraces of gold and enclosed by a massive fortification wall bright as the sun.” Valmiki Ramayana Kiskindhakanda 58.20. 1 yojana = approximately 12.87 km (8 miles), 100 yojanas = 1287 km (800 miles)
Thus, Lanka was at least 1287 km off shore. This distance of 100 yojanas is mentioned many times in the Ramayana as the distance a person would have to cross to get to Lanka. Not only was the bridge 100 yojanas long in order to reach Lanka, b u t a c c o r d i n g t o Va l m i k i R a m a y a n a Yuddhakandha 22.76 it was also 10 yojanas wide (80 miles – 129 km). Thus just the width of the bridge was more than the current distance from India to Ceylon, modern “Sri Lanka.”
And, Lanka was about 500 km to the west of Ceylon. Why? Because in the Surya Siddhanta the prime meridian is the one going through Avanti (Ujjain). And, it explicitly states that the prime meridian went through both Avanti and through “the haunt of the rakshasa”, that is, Lanka, the kingdom of the king of the rakshasas, Ravana, as well as other places.
“Situated upon the line which passes through the haunt of the demons (rakshasa) and the mountain which is the seat of the gods, are Rohitaka and
Avanti, as also the adjacent lake.” Suryasiddhanta (1.62.3). And, in the Siddhantas “Lanka” is taken to be the place with no longitude and latitude.4 No longitude is because it is the prime meridian and no latitude is because Lanka is on the equator, whereas Ceylon is about 7 degrees north of the equator.
Ice Ages and Changing Sea Level: Now it is time to take in another piece of evidence regarding the variations in sea level caused by ice ages. Scientists have discovered that there have been several major ice ages in the distant past. During an “ice age” large areas of the land surface (30% in the last glaciation) get covered with massive sheets of ice 3 km thick. The water for this ice comes largely from the oceans causing a drop in the sea level. It is estimated that the maximum drop in the sea level during the last glaciation was about 130m. In other glaciations the drop in sea level is not known, it could be more or less.
The current ice age that we are in is the Quaternary glaciation, also known as the Pleistocene glaciation, and refers to a series of glacial events separated by interglacial events during the Quaternary period from 2.58 million years ago to present. We are now in an “interglacial period” meaning a warm period in the ice age. Ice ages are a series of long periods (40,000 – 100,000 years) of glacier formation followed by a short period of thawing then another long period of glacier formation.
We note that 20,000 years ago the sea level was about 130 meters lower than it is today. Though 20,000 years is a long time the events in the Ramayana took place at the end of the last Treta yuga about 900,000 years ago. Since historically there have been rising and falling of the sea level. And currently there is concern that the sea level will rise even more because of global warming, flooding low-lying areas. It is therefore not unreasonable to infer that such cyclic rising and falling of the sea level also took place in the distant past as a natural phenomenon, like the changes in the seasons that also took place in the past. Because as Krishna explains in Bhagavad-gita 8.4 “Physical nature is known to be endlessly mutable.” Hence it is not unreasonable to infer that the sea level would also be subjected to periods of rising and falling throughout the history of the material creation including the time during and after the Ramayana.
Objections: How can you say that “Sri Lanka” is not the Lanka of the Ramayana when there are so many temples and pilgrimage sites in “Sri Lanka” and in India near Rameshwaram where the pastimes mentioned in the Ramayana took place
and that are visited by millions of pilgrims yearly. Surely they all can’t be wrong. If a few hundred years so much confusion arose in regards to Lord Caitanya’s actual place of birth, what to speak then of what confusion can happen in the interval since the end of the last Treta Yuga more than 900,000 years ago.
Another point is that Ceylon was then part of the mainland and Lord Rama would certainly have traversed that area as well as other parts of extreme South India, so they indeed are connected to the Rama lila depicted in the Ramayana but that does not mean that “Sri Lanka” is the Lanka of the Ramayana. In conclusion, modern “Sri Lanka” is not the Lanka of the Ramayana on the following basis. Ceylon was only recently named “Sri Lanka” in 1972. One ancient name for the island is Simhala, and even today the people of the island call themselves and their language as Singalese in reference to that name, yet texts like Srimad Bhagavatam name Simhala and Lanka as two different islands. “Sri Lanka” is less than 100 km f rom Ind ia bu t the Va lmik i Ramayana unequivocally states that Lanka was 100 yojanas (1287 km) across the sea. And, according to the Suryasiddhanta the real Lanka was located on the prime meridian passing through Avanti (Ujjain) as well as straddling the equator, whereas “Sri Lanka” is about 500 km to the east of the prime meridian and 7 degrees (430 km) north of the equator. And, that in the vicinity of the intersection of the prime meridian of Avanti and the equator where Lanka is supposed to be located is a chain of undersea mountains that currently form the Maldives Islands. However, during glaciation periods in the distant past the sea level dropped by at least 130 meters bringing the undersea mountains above the surface of the water and equally important making Ceylon part of the Indian land mass and no longer an island. (Additionally aside from rising seas the original Lanka could also have been destroyed in a massive volcanic eruption and sunk into the sea like Krakatoa.) Hence, considering the above points and that the statements of the Ramayana are considered to be the highest evidence to followers of Vedic culture therefore “Sri Lanka” is not the Lanka of the Valmiki Ramayana.
Rampal AttalVice-Chairman
IS SRI LANKA THE LANKA OF THE RAMAYANA?
“Welcome change for the opportunity it often brings” - Ramesh Kumar Bung.“This world is a school wherein every individual is an unconscious teacher” - Ramesh Kumar Bung.
66 67
The Ramayana is one of the two main itihasas – historical epics – of India, along with the Mahabharata. It describes the activities of Krsna’s incarnation Lord Rama, including the kidnapping of His consort Sita by Ravana, King of Lanka, and the subsequent military campaign to release her.
Since a substantial amount of the history takes place in Lanka the actual real identity of Lanka is important to Vaisnavas and devotees of Lord Rama in general. For hundreds, perhaps thousands of years the island that is currently known as “Sri Lanka” has traditionally been identified as the “Lanka” of the Ramayana. But is this really the case? Does the Ramayana support this tradition? This short article explores other possibilities that are consistent with the text of the Ramayana. Strict followers of Krishna’s Vedic culture accept sabdha brahma – knowledge revealed by God (the Ramayana) – as the highest evidence, superior to all others, including tradition.
What do the Sastras say About the Real Lanka? Until 1972 “Sri Lanka” was called Ceylon, which is derived from Tamil Ceralamdivu, Sanskrit Simhaladvipa and Persian Sarandip.
Simhala and Lanka : The majority population of what is now known as “Sri Lanka” are called the Sinhalese people after an old name for the island “Simhala.” This name is attested in the Srimad-Bhagavatam 5.19.29-30. In the opinion of some learned scholars, eight smaller islands surround Jambudvipa. When the sons of Maharaja Sagara were searching all over the world for their lost horse, they dug up the earth, and in this way eight adjoining islands came into existence. The names of these i s lands are Svarnapras tha , C a n d r a s u k l a , A v a r t a n a , Ramanaka, Mandara-harina, Pañcajanya, Simhala and Lanka. However Simhala cannot be Lanka because “Lanka” is listed as the name of a separate and different island.
Distance: “Ceylon – Sri Lanka” is less than 100 km (62 miles) from India whereas in the Valmiki Ramayana it specifically says that the real Lanka was a distance 100 yojanas across the ocean. “On a well-known island in the sea, situated at a distance
of full one hundred yojanas from this shore, lies the lovely city of Lanka, constructed by Viswakarma, (the architect of gods), abounding in wonderful gates of Jambunada (gold found on the banks of the Jammu river) and stately mansions of golden hue with terraces of gold and enclosed by a massive fortification wall bright as the sun.” Valmiki Ramayana Kiskindhakanda 58.20. 1 yojana = approximately 12.87 km (8 miles), 100 yojanas = 1287 km (800 miles)
Thus, Lanka was at least 1287 km off shore. This distance of 100 yojanas is mentioned many times in the Ramayana as the distance a person would have to cross to get to Lanka. Not only was the bridge 100 yojanas long in order to reach Lanka, b u t a c c o r d i n g t o Va l m i k i R a m a y a n a Yuddhakandha 22.76 it was also 10 yojanas wide (80 miles – 129 km). Thus just the width of the bridge was more than the current distance from India to Ceylon, modern “Sri Lanka.”
And, Lanka was about 500 km to the west of Ceylon. Why? Because in the Surya Siddhanta the prime meridian is the one going through Avanti (Ujjain). And, it explicitly states that the prime meridian went through both Avanti and through “the haunt of the rakshasa”, that is, Lanka, the kingdom of the king of the rakshasas, Ravana, as well as other places.
“Situated upon the line which passes through the haunt of the demons (rakshasa) and the mountain which is the seat of the gods, are Rohitaka and
Avanti, as also the adjacent lake.” Suryasiddhanta (1.62.3). And, in the Siddhantas “Lanka” is taken to be the place with no longitude and latitude.4 No longitude is because it is the prime meridian and no latitude is because Lanka is on the equator, whereas Ceylon is about 7 degrees north of the equator.
Ice Ages and Changing Sea Level: Now it is time to take in another piece of evidence regarding the variations in sea level caused by ice ages. Scientists have discovered that there have been several major ice ages in the distant past. During an “ice age” large areas of the land surface (30% in the last glaciation) get covered with massive sheets of ice 3 km thick. The water for this ice comes largely from the oceans causing a drop in the sea level. It is estimated that the maximum drop in the sea level during the last glaciation was about 130m. In other glaciations the drop in sea level is not known, it could be more or less.
The current ice age that we are in is the Quaternary glaciation, also known as the Pleistocene glaciation, and refers to a series of glacial events separated by interglacial events during the Quaternary period from 2.58 million years ago to present. We are now in an “interglacial period” meaning a warm period in the ice age. Ice ages are a series of long periods (40,000 – 100,000 years) of glacier formation followed by a short period of thawing then another long period of glacier formation.
We note that 20,000 years ago the sea level was about 130 meters lower than it is today. Though 20,000 years is a long time the events in the Ramayana took place at the end of the last Treta yuga about 900,000 years ago. Since historically there have been rising and falling of the sea level. And currently there is concern that the sea level will rise even more because of global warming, flooding low-lying areas. It is therefore not unreasonable to infer that such cyclic rising and falling of the sea level also took place in the distant past as a natural phenomenon, like the changes in the seasons that also took place in the past. Because as Krishna explains in Bhagavad-gita 8.4 “Physical nature is known to be endlessly mutable.” Hence it is not unreasonable to infer that the sea level would also be subjected to periods of rising and falling throughout the history of the material creation including the time during and after the Ramayana.
Objections: How can you say that “Sri Lanka” is not the Lanka of the Ramayana when there are so many temples and pilgrimage sites in “Sri Lanka” and in India near Rameshwaram where the pastimes mentioned in the Ramayana took place
and that are visited by millions of pilgrims yearly. Surely they all can’t be wrong. If a few hundred years so much confusion arose in regards to Lord Caitanya’s actual place of birth, what to speak then of what confusion can happen in the interval since the end of the last Treta Yuga more than 900,000 years ago.
Another point is that Ceylon was then part of the mainland and Lord Rama would certainly have traversed that area as well as other parts of extreme South India, so they indeed are connected to the Rama lila depicted in the Ramayana but that does not mean that “Sri Lanka” is the Lanka of the Ramayana. In conclusion, modern “Sri Lanka” is not the Lanka of the Ramayana on the following basis. Ceylon was only recently named “Sri Lanka” in 1972. One ancient name for the island is Simhala, and even today the people of the island call themselves and their language as Singalese in reference to that name, yet texts like Srimad Bhagavatam name Simhala and Lanka as two different islands. “Sri Lanka” is less than 100 km f rom Ind ia bu t the Va lmik i Ramayana unequivocally states that Lanka was 100 yojanas (1287 km) across the sea. And, according to the Suryasiddhanta the real Lanka was located on the prime meridian passing through Avanti (Ujjain) as well as straddling the equator, whereas “Sri Lanka” is about 500 km to the east of the prime meridian and 7 degrees (430 km) north of the equator. And, that in the vicinity of the intersection of the prime meridian of Avanti and the equator where Lanka is supposed to be located is a chain of undersea mountains that currently form the Maldives Islands. However, during glaciation periods in the distant past the sea level dropped by at least 130 meters bringing the undersea mountains above the surface of the water and equally important making Ceylon part of the Indian land mass and no longer an island. (Additionally aside from rising seas the original Lanka could also have been destroyed in a massive volcanic eruption and sunk into the sea like Krakatoa.) Hence, considering the above points and that the statements of the Ramayana are considered to be the highest evidence to followers of Vedic culture therefore “Sri Lanka” is not the Lanka of the Valmiki Ramayana.
Rampal AttalVice-Chairman
IS SRI LANKA THE LANKA OF THE RAMAYANA?
“Welcome change for the opportunity it often brings” - Ramesh Kumar Bung.“This world is a school wherein every individual is an unconscious teacher” - Ramesh Kumar Bung.
68 69
01. While watching a movie, Sunku left his seat,
went out and came with a pop corn packet
and handed it over to his wife. His wife
thanked him and said: 'How much you love
me, you brought this, take some corns from
this pack'. Sunku: 'Not needed, I can watch
movie without speaking'.
02. Wife shouted: 'Darling, it seems some thief
entered our kitchen and ate all the Biryani I
cooked. Make a call at once'. Sunku asked:
'Where should I call? To the police station or to
the hospital?'
03. Nurse: 'Sir, Medical College people have
telephoned; they need a dead body urgently'.
Dr. Sunku: 'No problem, make ready the
patient of bed no: 12 for surgery'.
04. Peon: 'Sir, today after noon our clerk was
sleeping on the table itself and he was found
snoring also'. Manager Sunku: 'Idiot, you
should have reported the same to me there
and then; I would have dismissed that clerk'.
Peon: 'Sir, I came to report immediately but
you were in sound sleep in your cabin'.
05. 'Yesterday my child gulped a one rupee coin'.
Neighbour: 'O, my God, did you take the child
to hospital?' Reply: 'I took him; the doctor
Sunku also gulped 300 Rupees'.
06. Vanaja: 'Your husband Sunku used to get up
only after 9.00 AM daily earlier; now a days,
he is getting up promptly at 6.00 AM. What is
the matter? Wife: 'Very simple; I am keeping
dog biscuits under the pillow of Sunku daily
before he sleeps; I release the chain of our
Tommy in the morning at 5.45 AM. The
remaining matter is looked after by our dog
only'.
07. Sunku: 'You advertised for felling the trees; I
can do it'. Gopal: 'It is not possible for you; the
trees are spread in an area of 2 acres; all are to
be uprooted along with roots'. Sunku: 'I will
do it in two days'. Gopal: 'Do have any
experience in felling trees?' Sunku: 'It was me
who cut the trees in Sahara Forest'. Gopal:
'But it is a desert, isn't it?' Sunku: 'Before I cut
the trees, the desert was a forest only'.
08. Teacher: 'In which war Mourya Emperor
died?' Sunku: 'In the last war he fought'.
09. A lady: 'Dear Artist, you have to paint my
picture; remember – one – the picture should
be very beautiful; two – it should be similar to
me only'. Artist Sunku: 'It is not possible;
choose only one option'.
10. Wife: 'You don't recognise my good work;
yesterday night I stitched your pocket of your
trouser which was torn; you did not even
thank me'. Sunku: 'How did you come to
know that my pocket was torn?'
11. Sub Inspector: 'Did you trace out the thief?'
Constable Sunku: 'No Sir, but I collected the
prints of his hand'. S.I.: 'Where are they?'
Sunku: 'They are on my cheek'.
12. Teacher: 'When the English came into our
country and left?' Sunku: They entered in
15th page and left in 27th page in the history
book'.
13. The gentleman who was serving food in a
marriage party: 'You already ate food in the
previous batch; again why did you come to
eat in this row?' Sunku: 'As you have good
memory, I too have very good digestion
power; serve fast'.
14. Wife: 'You promised to stop drinks from
today; again you came drunk, why?' Sunku: 'I
followed your words; you used to say that we
should not lose any offer given; the new wine
shop fellow offered 50% discount today on all
brands'.
15. Doctor: 'I came to know the reason for your
husband's ill-health; use these sleeping pills
thrice a day'. Sunku's Wife: 'When to give
these to him?' Doctor: 'Sleeping pills are for
you, not to your husband'.
16. Co-traveller: 'What is this? It has started
raining; but you have removed your cap and
kept it in your pocket; why?' Sunku: 'I have
bald head. It dries within two minutes; the wet
cap takes a long time to dry'.
17. Teacher: 'What is the difference between
lightening and electricity?' Sunku: 'You need
not make payment of bill for lightening'.
18. Gopal: 'My dog is very clever; when I ask her
bring eggs, it goes to the shop and fetches
them'. Sharma: 'Is it that much? My dog brings
all the required provisions to my house every
month'. Gopal: 'What? Is it not possible to
your dog?' Sunku: 'All your dogs are going to
my shop which is run by our dog'.
19. Son: 'It is a grave mistake to look into
neighbour's house climbing on a ladder laid
on to their compound wall; is it not mummy,
what should be done?' Mother: 'Yes; you
should have pulled down the ladder at once'.
Son: 'I did so; father Sunku fell on the ground;
take him inside'.
20. First Beggar: 'Your new son-in-law has not
come towards this temple for begging so far;
what is the reason?' Second Beggar: 'My son-
in-law is an atheist; he will not beg at the
temples'.
21. Temple Priest: 'Tomorrow you all come after
reading the 22nd chapter of Bhagavad-Gita; I
will be explaining the meanings of it'. All the
devotees: 'Yes, sir'. Next day the priest asked
all: 'All of you have read?' All kept quiet.
Sunku said: 'Yes, I have read'. Priest: 'Gita has
only 18 Chapters; how did you read?'
22. A TV Channel anchor: 'If you ride on a
donkey without wearing a helmet, will police
penalise you?' Sunku: 'No, You need not wear
a helmet on a four wheeler'.
23. Sunku: 'yesterday in the bar, there was a
competition that who would drink a bottle of
whisky very fast?' Wife: 'Is it so? Who got the
second prize?'
24. Sunku: 'My dear child, is your father there in
the house?' Boy: He is sleeping'. Sunku:
'Impertinent fellow, I just asked whether he is
there'. Boy: 'When I say he is there, you will
certainly ask what he is doing, isn't it?'
25. Wife cried loudly in the deep sleep. Sunku got
up at the loud sound and asked her the
reason. Wife: 'I dreamt that a strong,
handsome man was kidnapping me'. Sunku:
'Mad lady, that is only a dream'. Wife: 'I
shouted because of the reason that is a
dream'.
26. Sunku was removing one wheel from his
auto. His friend asked him: 'why are you
doing so?' Sunku: 'Did you not read the
board? It is a parking place only for two
wheelers'.
27. Judge: 'Don't you know it is a crime? Why did
you marry three women?' Sunku: 'There is a
saying that behind every victory, there is a
woman; I would like to have three victories'.
28. Sunku's philosophy: 'If we sleep on flowers, it
is first night; if flowers sleep on us, it is out last
night'.
29. Judge: 'Are you doing thefts as a joint
venture?' Sunku: 'No'. Judge: 'Then why you
are also arrested?' Sunku: 'I suggested him
how to do theft'. Judge: 'How police came to
know that you have advised him?' Sunku: 'He
has the habit of writing diary'.
30. Wife: 'How is the curry?' Sunku: 'It is horrible'.
Wife: 'Same curry's photo was uploaded in
the facebook, and I got more than 1000 likes;
do you know?'
G. Nanda Kumar
HO: PAD
CORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNER
You do not need to leave your
room. Remain sitting at your table and
listen. Do not even listen, simply wait, be
quiet, still and solitary. The world will
freely offer itself to you to be unmarked,
it has no choice, it will rill in ecstasy at
your feet.
Franz Kafka
“The less you talk, the more you are listened to” – Ramesh Kumar Bung.“The foundation of any great company is rooted in service” - Ramesh Kumar Bung.
68 69
01. While watching a movie, Sunku left his seat,
went out and came with a pop corn packet
and handed it over to his wife. His wife
thanked him and said: 'How much you love
me, you brought this, take some corns from
this pack'. Sunku: 'Not needed, I can watch
movie without speaking'.
02. Wife shouted: 'Darling, it seems some thief
entered our kitchen and ate all the Biryani I
cooked. Make a call at once'. Sunku asked:
'Where should I call? To the police station or to
the hospital?'
03. Nurse: 'Sir, Medical College people have
telephoned; they need a dead body urgently'.
Dr. Sunku: 'No problem, make ready the
patient of bed no: 12 for surgery'.
04. Peon: 'Sir, today after noon our clerk was
sleeping on the table itself and he was found
snoring also'. Manager Sunku: 'Idiot, you
should have reported the same to me there
and then; I would have dismissed that clerk'.
Peon: 'Sir, I came to report immediately but
you were in sound sleep in your cabin'.
05. 'Yesterday my child gulped a one rupee coin'.
Neighbour: 'O, my God, did you take the child
to hospital?' Reply: 'I took him; the doctor
Sunku also gulped 300 Rupees'.
06. Vanaja: 'Your husband Sunku used to get up
only after 9.00 AM daily earlier; now a days,
he is getting up promptly at 6.00 AM. What is
the matter? Wife: 'Very simple; I am keeping
dog biscuits under the pillow of Sunku daily
before he sleeps; I release the chain of our
Tommy in the morning at 5.45 AM. The
remaining matter is looked after by our dog
only'.
07. Sunku: 'You advertised for felling the trees; I
can do it'. Gopal: 'It is not possible for you; the
trees are spread in an area of 2 acres; all are to
be uprooted along with roots'. Sunku: 'I will
do it in two days'. Gopal: 'Do have any
experience in felling trees?' Sunku: 'It was me
who cut the trees in Sahara Forest'. Gopal:
'But it is a desert, isn't it?' Sunku: 'Before I cut
the trees, the desert was a forest only'.
08. Teacher: 'In which war Mourya Emperor
died?' Sunku: 'In the last war he fought'.
09. A lady: 'Dear Artist, you have to paint my
picture; remember – one – the picture should
be very beautiful; two – it should be similar to
me only'. Artist Sunku: 'It is not possible;
choose only one option'.
10. Wife: 'You don't recognise my good work;
yesterday night I stitched your pocket of your
trouser which was torn; you did not even
thank me'. Sunku: 'How did you come to
know that my pocket was torn?'
11. Sub Inspector: 'Did you trace out the thief?'
Constable Sunku: 'No Sir, but I collected the
prints of his hand'. S.I.: 'Where are they?'
Sunku: 'They are on my cheek'.
12. Teacher: 'When the English came into our
country and left?' Sunku: They entered in
15th page and left in 27th page in the history
book'.
13. The gentleman who was serving food in a
marriage party: 'You already ate food in the
previous batch; again why did you come to
eat in this row?' Sunku: 'As you have good
memory, I too have very good digestion
power; serve fast'.
14. Wife: 'You promised to stop drinks from
today; again you came drunk, why?' Sunku: 'I
followed your words; you used to say that we
should not lose any offer given; the new wine
shop fellow offered 50% discount today on all
brands'.
15. Doctor: 'I came to know the reason for your
husband's ill-health; use these sleeping pills
thrice a day'. Sunku's Wife: 'When to give
these to him?' Doctor: 'Sleeping pills are for
you, not to your husband'.
16. Co-traveller: 'What is this? It has started
raining; but you have removed your cap and
kept it in your pocket; why?' Sunku: 'I have
bald head. It dries within two minutes; the wet
cap takes a long time to dry'.
17. Teacher: 'What is the difference between
lightening and electricity?' Sunku: 'You need
not make payment of bill for lightening'.
18. Gopal: 'My dog is very clever; when I ask her
bring eggs, it goes to the shop and fetches
them'. Sharma: 'Is it that much? My dog brings
all the required provisions to my house every
month'. Gopal: 'What? Is it not possible to
your dog?' Sunku: 'All your dogs are going to
my shop which is run by our dog'.
19. Son: 'It is a grave mistake to look into
neighbour's house climbing on a ladder laid
on to their compound wall; is it not mummy,
what should be done?' Mother: 'Yes; you
should have pulled down the ladder at once'.
Son: 'I did so; father Sunku fell on the ground;
take him inside'.
20. First Beggar: 'Your new son-in-law has not
come towards this temple for begging so far;
what is the reason?' Second Beggar: 'My son-
in-law is an atheist; he will not beg at the
temples'.
21. Temple Priest: 'Tomorrow you all come after
reading the 22nd chapter of Bhagavad-Gita; I
will be explaining the meanings of it'. All the
devotees: 'Yes, sir'. Next day the priest asked
all: 'All of you have read?' All kept quiet.
Sunku said: 'Yes, I have read'. Priest: 'Gita has
only 18 Chapters; how did you read?'
22. A TV Channel anchor: 'If you ride on a
donkey without wearing a helmet, will police
penalise you?' Sunku: 'No, You need not wear
a helmet on a four wheeler'.
23. Sunku: 'yesterday in the bar, there was a
competition that who would drink a bottle of
whisky very fast?' Wife: 'Is it so? Who got the
second prize?'
24. Sunku: 'My dear child, is your father there in
the house?' Boy: He is sleeping'. Sunku:
'Impertinent fellow, I just asked whether he is
there'. Boy: 'When I say he is there, you will
certainly ask what he is doing, isn't it?'
25. Wife cried loudly in the deep sleep. Sunku got
up at the loud sound and asked her the
reason. Wife: 'I dreamt that a strong,
handsome man was kidnapping me'. Sunku:
'Mad lady, that is only a dream'. Wife: 'I
shouted because of the reason that is a
dream'.
26. Sunku was removing one wheel from his
auto. His friend asked him: 'why are you
doing so?' Sunku: 'Did you not read the
board? It is a parking place only for two
wheelers'.
27. Judge: 'Don't you know it is a crime? Why did
you marry three women?' Sunku: 'There is a
saying that behind every victory, there is a
woman; I would like to have three victories'.
28. Sunku's philosophy: 'If we sleep on flowers, it
is first night; if flowers sleep on us, it is out last
night'.
29. Judge: 'Are you doing thefts as a joint
venture?' Sunku: 'No'. Judge: 'Then why you
are also arrested?' Sunku: 'I suggested him
how to do theft'. Judge: 'How police came to
know that you have advised him?' Sunku: 'He
has the habit of writing diary'.
30. Wife: 'How is the curry?' Sunku: 'It is horrible'.
Wife: 'Same curry's photo was uploaded in
the facebook, and I got more than 1000 likes;
do you know?'
G. Nanda Kumar
HO: PAD
CORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNER
You do not need to leave your
room. Remain sitting at your table and
listen. Do not even listen, simply wait, be
quiet, still and solitary. The world will
freely offer itself to you to be unmarked,
it has no choice, it will rill in ecstasy at
your feet.
Franz Kafka
“The less you talk, the more you are listened to” – Ramesh Kumar Bung.“The foundation of any great company is rooted in service” - Ramesh Kumar Bung.
“He who wants to do everything will never do anything” – Ramesh Kumar Bung. “Be courteous to everyone but share your personal thoughts with only a few” – Ramesh Kumar Bung. 7170
Film music buffs who grew up in the early 1980s in India would remember this as a time when melody in Hindi films had started dying a slow death. Ever since the original superstar Rajesh Khanna had been overshadowed by the Bachchan, filmmakers had no need for good music in their films. The “angry young man” phenomenon left talented music makers such as RD Burman in the woods. Amitabh Bachchan was churning out blockbusters with highly successful rivals, Manmohan Desai and Prakash Mehra. Moreover, the advent of the Video Cassette Recorder meant easy access to films, mostly pirated ones. Quality gave way to quantity, standards fell across all departments of filmmaking, killing music further.
In the chapter titled 'Earthen Pots, Disco Dunce' from their excellent book on RD Burman, authors Aniruddha Bhattacharya and Balaji Vittal point out two more factors that killed film music in the 1980s. The first was remakes of South Indian films that typically starred Jeetendra, Sridevi and Jaya Prada, with Kader Khan and Shakti Kapoor providing comic relief. The music turned pedestrian; the choreography became, well, energetic, with actors moving their limbs to music vigorously; reminiscent of primary school students doing PT. The other trend pointed out by the authors, was disco music fever, with Bhappi Lahiri and others providing tunes for the likes of Mithun Chakravorty to dance on.
During these trying times, aesthetics took a hit. Greats like SD Burman and Roshan had moved on. The legendary Naushad and Salil Choudhary were semi-retired. Khayyam worked with select filmmakers. Kishore Kumar, staunch family friend of the Burmans, was singing mediocre songs for upcoming music directors. Kishore’s passing away in 1987 was the last straw that broke RD Burman’s back. In that depressing era, RD Burman managed to turn out a plethora of tunes that were a cut above the rest.
One is not discounting the wonderful work that Burman continued to produce for close friends like Gulzar, in films (think of the outstanding albums of Libaas, Ijaazat, Namkeen, Masoom or Angoor), or
non-film albums such as Dil Padosi Hai - indeed their partnership merits an entire book - but the odd song from run-of-the-mill films that passed the quality test.
RDB even helped launch the careers of three star sons during this time - Sunny Deol (Betaab), Sanjay Dutt (Rocky) and Kumar Gaurav (Love Story). Yet, RD Burman was dissatisfied with his work during this tumultuous decade. By all accounts he was struggling to reconcile himself to changing tastes of the audiences.
Here are some RDB songs that deserve a listen, from that terrible decade when film music had reached its lowest ebb in film history. These are not classical or folk music-based tunes such as RDB’s seminal album Amar Prem (1972), or soulful melodies from films of the 1980s such as Ramesh Sippy’s Saagar, Sunny Deol-starrers Sunny, Manzil Manzil or from Harjaee, or Vidhu Vinod Chopra’s Parinda, but more the foot-tapping variety; songs that can be remixed for playing at discotheques, which was apparently the kind of music audiences preferred in the 1980s (or so filmmakers would have us believe). These tunes, to my mind, represent RD Burman’s struggle to stay relevant, to rise above the mediocrity that had gripped the Hindi film industry in the 1980s:
1. Roz roz aankhon tale (Jeeva, 1986) - Asha Bhonsle and Amit Kumar - picturised on Sanjay Dutt and Mandakini, in an action thriller.
2. Jab chaha yaara tumne (Zabardast, 1985) - Kishore Kumar - Zabardast was the last film directed by Nasir Hussain. The song was picturised on Rajiv Kapoor, Rati Agnihotri, Jaya Prada and Sunny Deol.
3. Ae saagar ki lehron (Samundar, 1985) - Kishore Kumar, Lata Mangeshkar - Samundar was directed by Rahul Rawail; the song featured Sunny Deol and Poonam Dhillon.
4. Aisa sama na hota (Zameen Aasmaan, 1984 ) - Lata Mangeshkar - Zameen Aasmaan was directed by Bharat Rangachary; the song was picturised on Sanjay Dutt and Anita Raj.
5. Chaand koyi hoga tumsa kahaan (Inaam
Dus Hazaar, 1987) – Kishore Kumar - Inaam Dus Hazaar was an action-comedy film, and starred Sanjay Dutt and Meenakshi Seshadri.
6. Kahin na ja, aaj kahin mat ja (Bade Dil Wala, 1983) - Lata Mangeshkar - Bade Dil Wala was directed by Bhappi Sonie and starred Rishi Kapoor and Tina Munim in lead roles.
7. Tu rootha to mai ro doongi sanam (Jawaani, 1984) – Asha Bhosle - Neelam Kothari and Karan Shah’s debut film had this sweet number sung by Ashatai as only she can; her voice matching the fresh-faced Neelam perfectly!
8. Dheere dheere, zara zara (Agar Tum Na Hotey, 1983) – Asha Bhosle - Agar Tum Na Hote was directed by Lekh Tandon. The film starred Rajesh Khanna, Rekha and Raj Babbar.
9. Hum ko toh yaari se matlab hai (Andar Baahar, 1984) - Shailendra Singh - Andar Bahaar, directed by Raj N Sippy, was a fun caper starring rivals Anil Kapoor and Jackie Shroff.
10. Ho jaye phir uss din ka jo wada hai (Dhan Daulat, 1980) - Kishore Kumar, Asha Bhosle - Dhan Daulat was directed by Harish Shah. It starred Rishi Kapoor and Neetu Singh.
While the above list represented RDB’s struggle to rise above mediocre films he was forced to compose for, here are some pleasurable, less popular songs from hit soundtracks. These are from films directed by stalwarts like Ramesh Sippy, Ramesh Talwar, Chetan Anand and Rahul Rawail.
11. Tumhe chhod ke (Baseraa, 1981) - Asha Bhosle, Kishore Kumar - Baseraa was directed by Ramesh Talwar, and starred Shashi Kapoor, Raakhee, Rekha, Poonam Dhillon and Raj Kiran.
12. Jaane jigar duniya main tu (Pukar, 1983) - Kishore and RD Burman - every song of this Amitabh Bachchan, Randhir Kapoor, Zeenat Aman and Tina Munim film, based on the liberation of Goa, was a super hit.
13. Mammaya kero kero kero mmma (Arjun, 1985) - composed by Javed Akhtar and sung by Shailendra and others. Arjun, directed by Rahul Rawail, gave a boost to Sunny Deol’s career.
14. Chhodo sanam (Kudrat, 1981) – Kishore
Kumar - directed by Chetan Anand, the film starred Rajesh Khanna, Hema Malini, Raaj Kumar, Priya Rajvansh and Vinod Khanna. This song was picturised in a discotheque, on Vinod and Hema.
15. Jaane kaise kab kahaan (Shakti, 1982) - Lata Mangeshkar, Kishore Kumar - Ramesh Sippy directed Dilip Kumar and Amitabh Bachchan in a much-touted face-off. The song was picturised on Amitabh and Smita Patil.
16. Jahaan teri yeh nazar hai (Kaalia, 1981) – Kishore Kumar - a favourite with DJs at every retro night and made popular by Amitabh Bachchan’s signature moves, this song is from Kaalia, written and directed by Tinnu Anand.
17. Dilbar mere kab tak mujhe (Satte Pe Satta, 1982) - Kishore Kumar - It featured Amitabh Bachchan and Hema Malini in lead roles and was adapted from the 1954 movie “Seven Brides for Seven Brothers”.
18. Hum tumse mile (Rocky, 1981) – Kishore Kumar, Lata Mangeshkar - picturised on Sanjay Dutt (his debut film) and Tina Munim, directed by Sunil Dutt.
19. Meri nazar hai tujhpe (The Burning Train, 1980) - Kishore Kumar, Rafi, Asha Bhosle, Usha Mangeshkar - The Burning Train was directed by Ravi Chopra. The film featured a huge star cast headed by Dharmendra, Hema Malini, Vinod Khanna and Parveen Babi.
Kolachina Jyothi
HO :F&A
RD BURMAN AND THE 1980s
“He who wants to do everything will never do anything” – Ramesh Kumar Bung. “Be courteous to everyone but share your personal thoughts with only a few” – Ramesh Kumar Bung. 7170
Film music buffs who grew up in the early 1980s in India would remember this as a time when melody in Hindi films had started dying a slow death. Ever since the original superstar Rajesh Khanna had been overshadowed by the Bachchan, filmmakers had no need for good music in their films. The “angry young man” phenomenon left talented music makers such as RD Burman in the woods. Amitabh Bachchan was churning out blockbusters with highly successful rivals, Manmohan Desai and Prakash Mehra. Moreover, the advent of the Video Cassette Recorder meant easy access to films, mostly pirated ones. Quality gave way to quantity, standards fell across all departments of filmmaking, killing music further.
In the chapter titled 'Earthen Pots, Disco Dunce' from their excellent book on RD Burman, authors Aniruddha Bhattacharya and Balaji Vittal point out two more factors that killed film music in the 1980s. The first was remakes of South Indian films that typically starred Jeetendra, Sridevi and Jaya Prada, with Kader Khan and Shakti Kapoor providing comic relief. The music turned pedestrian; the choreography became, well, energetic, with actors moving their limbs to music vigorously; reminiscent of primary school students doing PT. The other trend pointed out by the authors, was disco music fever, with Bhappi Lahiri and others providing tunes for the likes of Mithun Chakravorty to dance on.
During these trying times, aesthetics took a hit. Greats like SD Burman and Roshan had moved on. The legendary Naushad and Salil Choudhary were semi-retired. Khayyam worked with select filmmakers. Kishore Kumar, staunch family friend of the Burmans, was singing mediocre songs for upcoming music directors. Kishore’s passing away in 1987 was the last straw that broke RD Burman’s back. In that depressing era, RD Burman managed to turn out a plethora of tunes that were a cut above the rest.
One is not discounting the wonderful work that Burman continued to produce for close friends like Gulzar, in films (think of the outstanding albums of Libaas, Ijaazat, Namkeen, Masoom or Angoor), or
non-film albums such as Dil Padosi Hai - indeed their partnership merits an entire book - but the odd song from run-of-the-mill films that passed the quality test.
RDB even helped launch the careers of three star sons during this time - Sunny Deol (Betaab), Sanjay Dutt (Rocky) and Kumar Gaurav (Love Story). Yet, RD Burman was dissatisfied with his work during this tumultuous decade. By all accounts he was struggling to reconcile himself to changing tastes of the audiences.
Here are some RDB songs that deserve a listen, from that terrible decade when film music had reached its lowest ebb in film history. These are not classical or folk music-based tunes such as RDB’s seminal album Amar Prem (1972), or soulful melodies from films of the 1980s such as Ramesh Sippy’s Saagar, Sunny Deol-starrers Sunny, Manzil Manzil or from Harjaee, or Vidhu Vinod Chopra’s Parinda, but more the foot-tapping variety; songs that can be remixed for playing at discotheques, which was apparently the kind of music audiences preferred in the 1980s (or so filmmakers would have us believe). These tunes, to my mind, represent RD Burman’s struggle to stay relevant, to rise above the mediocrity that had gripped the Hindi film industry in the 1980s:
1. Roz roz aankhon tale (Jeeva, 1986) - Asha Bhonsle and Amit Kumar - picturised on Sanjay Dutt and Mandakini, in an action thriller.
2. Jab chaha yaara tumne (Zabardast, 1985) - Kishore Kumar - Zabardast was the last film directed by Nasir Hussain. The song was picturised on Rajiv Kapoor, Rati Agnihotri, Jaya Prada and Sunny Deol.
3. Ae saagar ki lehron (Samundar, 1985) - Kishore Kumar, Lata Mangeshkar - Samundar was directed by Rahul Rawail; the song featured Sunny Deol and Poonam Dhillon.
4. Aisa sama na hota (Zameen Aasmaan, 1984 ) - Lata Mangeshkar - Zameen Aasmaan was directed by Bharat Rangachary; the song was picturised on Sanjay Dutt and Anita Raj.
5. Chaand koyi hoga tumsa kahaan (Inaam
Dus Hazaar, 1987) – Kishore Kumar - Inaam Dus Hazaar was an action-comedy film, and starred Sanjay Dutt and Meenakshi Seshadri.
6. Kahin na ja, aaj kahin mat ja (Bade Dil Wala, 1983) - Lata Mangeshkar - Bade Dil Wala was directed by Bhappi Sonie and starred Rishi Kapoor and Tina Munim in lead roles.
7. Tu rootha to mai ro doongi sanam (Jawaani, 1984) – Asha Bhosle - Neelam Kothari and Karan Shah’s debut film had this sweet number sung by Ashatai as only she can; her voice matching the fresh-faced Neelam perfectly!
8. Dheere dheere, zara zara (Agar Tum Na Hotey, 1983) – Asha Bhosle - Agar Tum Na Hote was directed by Lekh Tandon. The film starred Rajesh Khanna, Rekha and Raj Babbar.
9. Hum ko toh yaari se matlab hai (Andar Baahar, 1984) - Shailendra Singh - Andar Bahaar, directed by Raj N Sippy, was a fun caper starring rivals Anil Kapoor and Jackie Shroff.
10. Ho jaye phir uss din ka jo wada hai (Dhan Daulat, 1980) - Kishore Kumar, Asha Bhosle - Dhan Daulat was directed by Harish Shah. It starred Rishi Kapoor and Neetu Singh.
While the above list represented RDB’s struggle to rise above mediocre films he was forced to compose for, here are some pleasurable, less popular songs from hit soundtracks. These are from films directed by stalwarts like Ramesh Sippy, Ramesh Talwar, Chetan Anand and Rahul Rawail.
11. Tumhe chhod ke (Baseraa, 1981) - Asha Bhosle, Kishore Kumar - Baseraa was directed by Ramesh Talwar, and starred Shashi Kapoor, Raakhee, Rekha, Poonam Dhillon and Raj Kiran.
12. Jaane jigar duniya main tu (Pukar, 1983) - Kishore and RD Burman - every song of this Amitabh Bachchan, Randhir Kapoor, Zeenat Aman and Tina Munim film, based on the liberation of Goa, was a super hit.
13. Mammaya kero kero kero mmma (Arjun, 1985) - composed by Javed Akhtar and sung by Shailendra and others. Arjun, directed by Rahul Rawail, gave a boost to Sunny Deol’s career.
14. Chhodo sanam (Kudrat, 1981) – Kishore
Kumar - directed by Chetan Anand, the film starred Rajesh Khanna, Hema Malini, Raaj Kumar, Priya Rajvansh and Vinod Khanna. This song was picturised in a discotheque, on Vinod and Hema.
15. Jaane kaise kab kahaan (Shakti, 1982) - Lata Mangeshkar, Kishore Kumar - Ramesh Sippy directed Dilip Kumar and Amitabh Bachchan in a much-touted face-off. The song was picturised on Amitabh and Smita Patil.
16. Jahaan teri yeh nazar hai (Kaalia, 1981) – Kishore Kumar - a favourite with DJs at every retro night and made popular by Amitabh Bachchan’s signature moves, this song is from Kaalia, written and directed by Tinnu Anand.
17. Dilbar mere kab tak mujhe (Satte Pe Satta, 1982) - Kishore Kumar - It featured Amitabh Bachchan and Hema Malini in lead roles and was adapted from the 1954 movie “Seven Brides for Seven Brothers”.
18. Hum tumse mile (Rocky, 1981) – Kishore Kumar, Lata Mangeshkar - picturised on Sanjay Dutt (his debut film) and Tina Munim, directed by Sunil Dutt.
19. Meri nazar hai tujhpe (The Burning Train, 1980) - Kishore Kumar, Rafi, Asha Bhosle, Usha Mangeshkar - The Burning Train was directed by Ravi Chopra. The film featured a huge star cast headed by Dharmendra, Hema Malini, Vinod Khanna and Parveen Babi.
Kolachina Jyothi
HO :F&A
RD BURMAN AND THE 1980s
72 73
Computer jargon means words to do with computers and surrounding topics. Knowing what these words mean can help people know more about computers. Most people use these words to discuss computer ideas, but some people use these words to impress others (also known as buzzwords).
Some examples of jargon are:
Disk - a place to store data.
Data - information stored on a computer. The amount of data that is stored on a disk is measured with the following terms:
Bit - the smallest data unit can either be a "0" or a "1."
Nybble - there are 4 bits in a Nybble.
Byte - there are 8 bits in a byte. One byte is enough to hold one single letter or number of text.
Kilobyte - there are 1024 Bytes in a Kilobyte.
Megabyte - there are 1024 Kilobytes in a Megabyte.
Gigabyte - there are 1024 Megabytes in a Gigabyte.
Terabyte - there are 1024 Gigabytes in a Terabyte.
Petabyte - there are 1024 Terabytes in a Petabyte.
Note that some people and some companies use a different version of these numbers, replacing 1024 with 1000 in each of the above numbers.
Upload - to put data on somewhere. For example, on the internet or a website, "I uploaded my pictures to Facebook."
Download - to copy data from somewhere. For example, "I downloaded a song from iTunes."
Load - to get data from, or put it on, a disk.
Save - to put data on a disk.
RAM - random access memory.
ROM - read only memory. This is memory that does not get changed.
Hardware - the solid parts of a computer, like monitors, fans, CPU, etc.
CPU - central processing unit, another name for processor.
GHz - gigahertz. Used to describe the speed of a processor. Some processors are capable of doing more than one thing at once, as they have multiple "cores", so a bigger number is not necessarily better. The bigger the GHz number, the faster it runs and the more energy it uses.
USB - universal serial bus, a method used to plug computer tools into a machine.
Email - electronic mail.
WWW - World Wide Web, part of the Internet.
Broadband - a fast internet connection.
WiFi - wireless fidelity. A way to connect to a network wirelessly.
Plug & Play - a function from the OS that auto-recognizes any change to the hardware of the computer.
OS - operating system. The main program that controls all the computer functions, it calls other programs.
Program - set of data that tells the processor what to do and call for in the rest of PC.
Software - another name for program.
Installation - the way a software sets the place for itself in a computer.
Virus - bad software made to mess up a computer or destroy data; nothing good comes from it.
Hacker - people who search flaws in the way computers work. They can use their knowledge for evil, too.
SMS- Short Message Service.
Twitter - Twitter is an online social networking service that enables users to send and read short 140-character messages called "tweets". Registered users can read and post tweets, but those who are unregistered can only read them.
Facebook - Facebook is a for-profit corporation and online social networking service based in Menlo Park, California, United States.
P. Aruna Kumari
HO :IT
KNOW ABOUT COMPUTER RELATED WORDS KRISHNA PUSHKARALU – 2016
Pushkaram is an Indian festival dedicated to
worshiping of rivers. It is also known as Pushkaralu
in Telugu. In Telugu-speaking states, Pushkaralu is
celebrated across Godavari, Krishna, Pranhita, and
Penna rivers. Krishna Pushkaralu is a festival of
River Krishna which normally occurs once in 12
years. The Pushkaralu is observed for a period of
12 days from the time of entry of Jupiter into Virgo
(Kanya rasi). Vijayawada is located on the banks of
the Krishna River. Vijayawada is very much famous
for Krishna Pushkaralu. The Krishna Pushkaralu
will be held from August 12th to 23rd 2016. During
the celebrations, devotees will take a dip in the
sacred Krishna River to wash away their sins.
As per the legend, there lived a Brahmin in a
village. He did severe penance towards Lord Shiva.
As a result of it, Lord Shiva granted a boon because
of which he was blessed with a power to purify the
holy rivers. Thenceforth he was known as Pushkar
(the one who nourishes). While travelling from one
zodiac sign to another, Brihaspati aka Jupiter
requested Pushkar to make the 12 sacred rivers
holy. Various pujas and rituals were performed
during the Pushkaralu.
The festival lasts as long as Jupiter remains in the
corresponding zodiac sign. Major crowds will throng
during the first 12 days. The first 12 days when the
Jupiter enters the zodiac sign and the last 12 days
when it exits the zodiac sign are considered as most
auspicious. The first twelve days are known as Adi
pushkaram, and the last twelve days are called
Anthya Pushkaram. It is believed that during the
above period of twenty-four days, Pushkar will be
travelling with Jupiter as it moves from one Zodiac
sign to another and will be making any river holy.
The Krishna river is the fourth largest river, which is
about 1,300 kilometres long. It originates from
Mahabaleswar of Maharashtra and exits into the
Bay of Bengal at Hamsaladeevi. The river flows
through Karnataka and ends its journey in Andhra
Pradesh before reaching its final destination viz.,
Bay of Bengal. Enroute, the river crosses
Panchgani, Wai, Narsobachi Wadi and enters
Karnataka at Kurundwad, and flows through
Belgaum, Bijapur, and Gulbarga districts. Finally, it
enters Andhra Pradesh near Deosugur and
continues to flow through Mehbubnagar, Kurnool,
Guntur and Krishna districts.
It has many tributaries and Tungabhadra is the
principal one and the other ones include
Mallaprabha, Koyna, Bhima, Ghataprabha, Yerla,
Warna, Dindi, Musi, Dudhganga. Mahabaleshwar
city is a municipal council in Satara district of
Maharashtra. This hill station is located in the
Western Ghats range. Mahabaleshwar is an
important pilgrimage place for Hindus. There is
one Kr i shnaba i t emp le loca ted beh ind
Panchaganga temple where people will be
worshipping River Krishna. A point worth
mentioning here is that besides a massive Shiva
lingam, there is one beautiful statue of Goddess
Krishna. Since this temple is built on a hilltop, we
can get a beautiful view of the Krishna river flow
underneath.
Vanita Baheti
Begum Bazar
Life is all about focus. When I know what to focus upon, then I will know where to invest my time.
Umesh Chand Asawa
“Regarding important matters, consult your brain but listen to your heart” – Ramesh Kumar Bung.“Knowledge makes one laugh, but wealth makes one dance” – Ramesh Kumar Bung.
72 73
Computer jargon means words to do with computers and surrounding topics. Knowing what these words mean can help people know more about computers. Most people use these words to discuss computer ideas, but some people use these words to impress others (also known as buzzwords).
Some examples of jargon are:
Disk - a place to store data.
Data - information stored on a computer. The amount of data that is stored on a disk is measured with the following terms:
Bit - the smallest data unit can either be a "0" or a "1."
Nybble - there are 4 bits in a Nybble.
Byte - there are 8 bits in a byte. One byte is enough to hold one single letter or number of text.
Kilobyte - there are 1024 Bytes in a Kilobyte.
Megabyte - there are 1024 Kilobytes in a Megabyte.
Gigabyte - there are 1024 Megabytes in a Gigabyte.
Terabyte - there are 1024 Gigabytes in a Terabyte.
Petabyte - there are 1024 Terabytes in a Petabyte.
Note that some people and some companies use a different version of these numbers, replacing 1024 with 1000 in each of the above numbers.
Upload - to put data on somewhere. For example, on the internet or a website, "I uploaded my pictures to Facebook."
Download - to copy data from somewhere. For example, "I downloaded a song from iTunes."
Load - to get data from, or put it on, a disk.
Save - to put data on a disk.
RAM - random access memory.
ROM - read only memory. This is memory that does not get changed.
Hardware - the solid parts of a computer, like monitors, fans, CPU, etc.
CPU - central processing unit, another name for processor.
GHz - gigahertz. Used to describe the speed of a processor. Some processors are capable of doing more than one thing at once, as they have multiple "cores", so a bigger number is not necessarily better. The bigger the GHz number, the faster it runs and the more energy it uses.
USB - universal serial bus, a method used to plug computer tools into a machine.
Email - electronic mail.
WWW - World Wide Web, part of the Internet.
Broadband - a fast internet connection.
WiFi - wireless fidelity. A way to connect to a network wirelessly.
Plug & Play - a function from the OS that auto-recognizes any change to the hardware of the computer.
OS - operating system. The main program that controls all the computer functions, it calls other programs.
Program - set of data that tells the processor what to do and call for in the rest of PC.
Software - another name for program.
Installation - the way a software sets the place for itself in a computer.
Virus - bad software made to mess up a computer or destroy data; nothing good comes from it.
Hacker - people who search flaws in the way computers work. They can use their knowledge for evil, too.
SMS- Short Message Service.
Twitter - Twitter is an online social networking service that enables users to send and read short 140-character messages called "tweets". Registered users can read and post tweets, but those who are unregistered can only read them.
Facebook - Facebook is a for-profit corporation and online social networking service based in Menlo Park, California, United States.
P. Aruna Kumari
HO :IT
KNOW ABOUT COMPUTER RELATED WORDS KRISHNA PUSHKARALU – 2016
Pushkaram is an Indian festival dedicated to
worshiping of rivers. It is also known as Pushkaralu
in Telugu. In Telugu-speaking states, Pushkaralu is
celebrated across Godavari, Krishna, Pranhita, and
Penna rivers. Krishna Pushkaralu is a festival of
River Krishna which normally occurs once in 12
years. The Pushkaralu is observed for a period of
12 days from the time of entry of Jupiter into Virgo
(Kanya rasi). Vijayawada is located on the banks of
the Krishna River. Vijayawada is very much famous
for Krishna Pushkaralu. The Krishna Pushkaralu
will be held from August 12th to 23rd 2016. During
the celebrations, devotees will take a dip in the
sacred Krishna River to wash away their sins.
As per the legend, there lived a Brahmin in a
village. He did severe penance towards Lord Shiva.
As a result of it, Lord Shiva granted a boon because
of which he was blessed with a power to purify the
holy rivers. Thenceforth he was known as Pushkar
(the one who nourishes). While travelling from one
zodiac sign to another, Brihaspati aka Jupiter
requested Pushkar to make the 12 sacred rivers
holy. Various pujas and rituals were performed
during the Pushkaralu.
The festival lasts as long as Jupiter remains in the
corresponding zodiac sign. Major crowds will throng
during the first 12 days. The first 12 days when the
Jupiter enters the zodiac sign and the last 12 days
when it exits the zodiac sign are considered as most
auspicious. The first twelve days are known as Adi
pushkaram, and the last twelve days are called
Anthya Pushkaram. It is believed that during the
above period of twenty-four days, Pushkar will be
travelling with Jupiter as it moves from one Zodiac
sign to another and will be making any river holy.
The Krishna river is the fourth largest river, which is
about 1,300 kilometres long. It originates from
Mahabaleswar of Maharashtra and exits into the
Bay of Bengal at Hamsaladeevi. The river flows
through Karnataka and ends its journey in Andhra
Pradesh before reaching its final destination viz.,
Bay of Bengal. Enroute, the river crosses
Panchgani, Wai, Narsobachi Wadi and enters
Karnataka at Kurundwad, and flows through
Belgaum, Bijapur, and Gulbarga districts. Finally, it
enters Andhra Pradesh near Deosugur and
continues to flow through Mehbubnagar, Kurnool,
Guntur and Krishna districts.
It has many tributaries and Tungabhadra is the
principal one and the other ones include
Mallaprabha, Koyna, Bhima, Ghataprabha, Yerla,
Warna, Dindi, Musi, Dudhganga. Mahabaleshwar
city is a municipal council in Satara district of
Maharashtra. This hill station is located in the
Western Ghats range. Mahabaleshwar is an
important pilgrimage place for Hindus. There is
one Kr i shnaba i t emp le loca ted beh ind
Panchaganga temple where people will be
worshipping River Krishna. A point worth
mentioning here is that besides a massive Shiva
lingam, there is one beautiful statue of Goddess
Krishna. Since this temple is built on a hilltop, we
can get a beautiful view of the Krishna river flow
underneath.
Vanita Baheti
Begum Bazar
Life is all about focus. When I know what to focus upon, then I will know where to invest my time.
Umesh Chand Asawa
“Regarding important matters, consult your brain but listen to your heart” – Ramesh Kumar Bung.“Knowledge makes one laugh, but wealth makes one dance” – Ramesh Kumar Bung.
“The feeling of I and MINE is the root cause of all evils” – Ramesh Kumar Bung. “Thought is merely a process based on experience, knowledge and memory” – Ramesh Kumar Bung. 7574
When we talk about money in Singapore, we immediately think about working and the sacrifices that we make at work in order to earn that money. Some of us put in the extra hours of work to score points with our boss and keep our employability level high, which is fine as long as we don't overdo and end up completely neglecting to spend time with our friends, family or loved ones.
Don't get me wrong, money is undeniably an important aspect in our lives, but is it really worth putting it on a pedestal and letting everything else come second? If you're someone that seems to always be putting money first, we at GET.com, are going to show you 4 reasons why money really isn't everything.
1. Money Has Its Limits: This is probably the most scientific and well-thought out reason out there. Yes, contrary to how we always feel like we need more, money does have its limit. There will come a point in your life where money just stops giving you the happiness you expect it to.
Let me get a little cheem here. Plenty of research has been conducted to prove the theory of a "hedonic treadmill", which is basically just human beings going back to feeling comfortable despite a positive or negative change that occurs in their life. In this case, regardless of how much extra cash you earn, even though it might make you happy during the first few months, you will always fall back into the same sense of comfort that you were bored of in the first place. This ability to "climatise" according to how much money you have is always going to get you addicted to wanting more.
2. Your Health Is More Important: It always starts with the sniffles in the morning, and you don't think much about it. Then you start to have a headache on the way to work, and by the time it's 2pm you realise you're having a full blown fever. But you're still stubbornly seated on your desk, refusing to go to the doctor because, "it's very expensive". Skimping on my health all in the name of saving money - we're all guilty of it. But we need to realise that our health and our bodies, above all need the most taking care of, regardless of the price that comes with it because we're only ever going to have one body. If we don't take care of it, or let it heal (even if it's "just" a fever), we're going to end up damaging ourselves in worse ways in years to
come. If you don't believe in a work-life balance, then maybe these 5 reasons why you need a better work-life balance might change your mind.
3. Experiences Are More Valuable: Okay, so you've saved up all of this money, which is great! But what are you going to do with it? Spend it on the latest iPhone? Or buy a new car? Or maybe you're planning to just keep it locked up in the bank, untouched. If you think about it, keeping the money in there isn't going to do anything to improve your quality of life - unless of course, you're actually investing your money and making it work for you. But if you're not investing and the money is just sitting there, you could think of using some of that money to "buy" experiences. I've always believed that travelling is the best way to spend your money because the kind of life experience that you acquire when you're in a foreign country is simply priceless. Instead of looking at money as a commodity that makes you happy, use it as a medium to search for happiness in things that money can't buy instead. If you're looking for ideas of places to visit, take a look at our travel guides to find the must-go travel destinations for Singaporeans.
4. Relationships In Life Matter More: Yes, I know you've probably heard this a hundred times before, but I'm going to tell you again. Money isn't everything because there are people in your life those matters more. The only thing that you have between you and the people in your life is your relationship with them. Some people in their pursuit to be the richest, end up burning bridges just to climb on top (aka job promotion). Sometimes when you have tunnel vision and all you see is money, it's hard to remind yourself that intangible things like a good time with your friends and family, sometimes are the only things you need to feel "rich". There are many ways that money can ruin a relationship, but if you can remind yourself that there's more to life than the paper chase, don't you think that life will have a lot more meaning to it?
Ramesh Kumar Bung
MONEY REALLY IS NOT EVERYTHING
PROTECT RBI'S AUTONOMY, RAJAN TELLS GOVERNMENT
Taking on his detractors, Governor Raghuram
Rajan on 26.07.2016, said the criticism that RBI
killed growth with high rates was at odds with
"received wisdom" of India being fastest-growing
and urged the government to look beyond
'motivated criticism' to protect the central bank's
autonomy.
The outgoing Reserve Bank chief also rejected the
argument that inflation has come down largely
because of "good luck" stemming from low oil
prices and not because of RBI's monetary policy
measures, saying a significant part of decline in
global prices has not been passed on domestically
as the government has hiked excise on petrol and
diesel.
Rajan, who has decided against a second term
amid a spate of attacks including some of personal
nature, rejected the criticism that he has kept the
monetary policy "too tight" and blamed the
slowdown in credit growth largely to stress in the
public sector banks, stemming from "past mistakes
in lending". He also appeared to blame "over-
leveraged promoters" for voices against the clean-
up at banks and said "some public sector bank
CEOs with a short remaining tenure would prefer
not taking stern action and recognizing NPAs" as
they might "prefer transferring any problems to
their successor".
He also said that investors in bank shares do not
welcome disclosures of loan losses initially, while
"depositors, knowing the government stands fully
behind PSU banks, are rightly unperturbed by the
quality of bank balance sheets". Rajan said high
inflation has "pernicious effects" on the weaker
sections and wondered why there was so "little
anxiety" over the price-rise scenario.
"Without any political push back as inflation rises, it
is necessary to build institutions to ensure
macroeconomic stability ... perhaps this is why
successive governments, in their wisdom, have
given the RBI a measure of independence," said
Rajan, who will return to academics when his three-
year term ends on September 4. Hitting back at the
critics who have blamed him for keeping rates too
high and thus killing demand and growth while
failing to even control inflation, Rajan said, "Critics
offer two contradictory arguments on inflation".
"On the one hand, they argue that we have killed
demand and growth through high rates — though
this itself seems at odds with the received wisdom
that we are the fastest growing large economy in
the world. "On the other, they argue that our policy
has had little effect on curbing inflation, that
disinflation has been a result of the fall in oil and
other commodity prices."
“For instance, even as the price of the Indian crude
basket fell 72 per cent between August 2014 and
Jan 2016, the pump price of petrol fell only 17 per
cent. Therefore, while I do want to acknowledge
the benign global price environment in bringing
down inflation, it is not the entire story." He further
said the criticism of the central bank with
arguments unsupported by evidence happens
outside India too. Giving examples of the UK and
US among other places, Rajan said, "Criticism
comes with the territory, and central banks need to
make the case for their policies. "At the same time, it
is important that governments around the world
look beyond sometimes uninformed and
motivated public criticism and protect the
independence of their central bank to act. That is
essential for stable sustainable growth."
Kindness in your words shall provide confidence to someone who is facing a tough time, kindness in your thoughts shall create profoundness and kindness in giving shall create love.
Purshotamdas Mandhana
“The feeling of I and MINE is the root cause of all evils” – Ramesh Kumar Bung. “Thought is merely a process based on experience, knowledge and memory” – Ramesh Kumar Bung. 7574
When we talk about money in Singapore, we immediately think about working and the sacrifices that we make at work in order to earn that money. Some of us put in the extra hours of work to score points with our boss and keep our employability level high, which is fine as long as we don't overdo and end up completely neglecting to spend time with our friends, family or loved ones.
Don't get me wrong, money is undeniably an important aspect in our lives, but is it really worth putting it on a pedestal and letting everything else come second? If you're someone that seems to always be putting money first, we at GET.com, are going to show you 4 reasons why money really isn't everything.
1. Money Has Its Limits: This is probably the most scientific and well-thought out reason out there. Yes, contrary to how we always feel like we need more, money does have its limit. There will come a point in your life where money just stops giving you the happiness you expect it to.
Let me get a little cheem here. Plenty of research has been conducted to prove the theory of a "hedonic treadmill", which is basically just human beings going back to feeling comfortable despite a positive or negative change that occurs in their life. In this case, regardless of how much extra cash you earn, even though it might make you happy during the first few months, you will always fall back into the same sense of comfort that you were bored of in the first place. This ability to "climatise" according to how much money you have is always going to get you addicted to wanting more.
2. Your Health Is More Important: It always starts with the sniffles in the morning, and you don't think much about it. Then you start to have a headache on the way to work, and by the time it's 2pm you realise you're having a full blown fever. But you're still stubbornly seated on your desk, refusing to go to the doctor because, "it's very expensive". Skimping on my health all in the name of saving money - we're all guilty of it. But we need to realise that our health and our bodies, above all need the most taking care of, regardless of the price that comes with it because we're only ever going to have one body. If we don't take care of it, or let it heal (even if it's "just" a fever), we're going to end up damaging ourselves in worse ways in years to
come. If you don't believe in a work-life balance, then maybe these 5 reasons why you need a better work-life balance might change your mind.
3. Experiences Are More Valuable: Okay, so you've saved up all of this money, which is great! But what are you going to do with it? Spend it on the latest iPhone? Or buy a new car? Or maybe you're planning to just keep it locked up in the bank, untouched. If you think about it, keeping the money in there isn't going to do anything to improve your quality of life - unless of course, you're actually investing your money and making it work for you. But if you're not investing and the money is just sitting there, you could think of using some of that money to "buy" experiences. I've always believed that travelling is the best way to spend your money because the kind of life experience that you acquire when you're in a foreign country is simply priceless. Instead of looking at money as a commodity that makes you happy, use it as a medium to search for happiness in things that money can't buy instead. If you're looking for ideas of places to visit, take a look at our travel guides to find the must-go travel destinations for Singaporeans.
4. Relationships In Life Matter More: Yes, I know you've probably heard this a hundred times before, but I'm going to tell you again. Money isn't everything because there are people in your life those matters more. The only thing that you have between you and the people in your life is your relationship with them. Some people in their pursuit to be the richest, end up burning bridges just to climb on top (aka job promotion). Sometimes when you have tunnel vision and all you see is money, it's hard to remind yourself that intangible things like a good time with your friends and family, sometimes are the only things you need to feel "rich". There are many ways that money can ruin a relationship, but if you can remind yourself that there's more to life than the paper chase, don't you think that life will have a lot more meaning to it?
Ramesh Kumar Bung
MONEY REALLY IS NOT EVERYTHING
PROTECT RBI'S AUTONOMY, RAJAN TELLS GOVERNMENT
Taking on his detractors, Governor Raghuram
Rajan on 26.07.2016, said the criticism that RBI
killed growth with high rates was at odds with
"received wisdom" of India being fastest-growing
and urged the government to look beyond
'motivated criticism' to protect the central bank's
autonomy.
The outgoing Reserve Bank chief also rejected the
argument that inflation has come down largely
because of "good luck" stemming from low oil
prices and not because of RBI's monetary policy
measures, saying a significant part of decline in
global prices has not been passed on domestically
as the government has hiked excise on petrol and
diesel.
Rajan, who has decided against a second term
amid a spate of attacks including some of personal
nature, rejected the criticism that he has kept the
monetary policy "too tight" and blamed the
slowdown in credit growth largely to stress in the
public sector banks, stemming from "past mistakes
in lending". He also appeared to blame "over-
leveraged promoters" for voices against the clean-
up at banks and said "some public sector bank
CEOs with a short remaining tenure would prefer
not taking stern action and recognizing NPAs" as
they might "prefer transferring any problems to
their successor".
He also said that investors in bank shares do not
welcome disclosures of loan losses initially, while
"depositors, knowing the government stands fully
behind PSU banks, are rightly unperturbed by the
quality of bank balance sheets". Rajan said high
inflation has "pernicious effects" on the weaker
sections and wondered why there was so "little
anxiety" over the price-rise scenario.
"Without any political push back as inflation rises, it
is necessary to build institutions to ensure
macroeconomic stability ... perhaps this is why
successive governments, in their wisdom, have
given the RBI a measure of independence," said
Rajan, who will return to academics when his three-
year term ends on September 4. Hitting back at the
critics who have blamed him for keeping rates too
high and thus killing demand and growth while
failing to even control inflation, Rajan said, "Critics
offer two contradictory arguments on inflation".
"On the one hand, they argue that we have killed
demand and growth through high rates — though
this itself seems at odds with the received wisdom
that we are the fastest growing large economy in
the world. "On the other, they argue that our policy
has had little effect on curbing inflation, that
disinflation has been a result of the fall in oil and
other commodity prices."
“For instance, even as the price of the Indian crude
basket fell 72 per cent between August 2014 and
Jan 2016, the pump price of petrol fell only 17 per
cent. Therefore, while I do want to acknowledge
the benign global price environment in bringing
down inflation, it is not the entire story." He further
said the criticism of the central bank with
arguments unsupported by evidence happens
outside India too. Giving examples of the UK and
US among other places, Rajan said, "Criticism
comes with the territory, and central banks need to
make the case for their policies. "At the same time, it
is important that governments around the world
look beyond sometimes uninformed and
motivated public criticism and protect the
independence of their central bank to act. That is
essential for stable sustainable growth."
Kindness in your words shall provide confidence to someone who is facing a tough time, kindness in your thoughts shall create profoundness and kindness in giving shall create love.
Purshotamdas Mandhana
76 “There is no power on earth superior to self-control” – Ramesh Kumar Bung. 77
Pokémon is a series of video games developed by Game Freak and Creatures Inc. and published by Nintendo as part of the Pokémon media franchise. First released in 1996 in Japan for the Game Boy, the main series of role-playing video games (RPGs) has continued on each generation of Nintendo's handhelds. Games are commonly released in pairs—each with slight variations—and then an enhanced remake of the games is released a few years after the original releases. While the main series consists of role-playing games, spinoffs encompass other genres, such as action role-playing, puzzle, and digital pet games. As of February 2016, more than 279 million units have been sold worldwide, more than 200 million of which from the main series, making it the second best-selling video game franchise, behind only Nintendo's own Mario franchise. The franchise's mascot is Pikachu.
All of the licensed Pokémon properties overseen by The Pokémon Company are divided roughly by generation. These generations are roughly chronological divisions by release; when an official sequel in the main role-playing game series is released that features new Pokémon, characters, and game play concepts, that sequel is considered the start of a new generation of the franchise. The main games and their spin-offs, the anime, manga and trading card game are all updated with the new Pokémon properties each time a new generation begins. The franchise began its sixth generation with Pokémon X and Y, which were released worldwide on October 12, 2013.
The fifth generation of Pokémon began on September 18, 2010 with the release of Pokémon Black and White in Japan. They were then released in North America, Europe, and Australia in March 2011. They were released on the Nintendo DS, the same console as its predeceasing generation.
The games take place in the Unova region. New features include the C-Gear, a feature where players can use Wi-Fi options and customizations; two new battle methods ("Triple Battles", where three Pokémon are sent out at once, and Rotation
Battles, where three Pokémon are also sent out at the same time, but the trainer can switch one Pokémon out of the three that are present); "Battle Tests", where trainers battle each other to see who has stronger Pokémon; the Pokémon Musicals (similar to Pokémon Contests), which have trainers use their Pokémon to dance in a theatre with other Pokémon; and the ability to never waste Technical Machines (TMs), even when found the first time.
This generation introduced a total of 156 new Pokémon (beginning with Victini and ending with Genesect), the most of any generation. It was also the first generation where the first new Pokémon in National Pokédex order (Victini) is not a starter. It also introduced another new feature, the seasons, from which two Pokémon (Deerl ing and Sawsbuck) represent them. Unlike previous generations, which would introduce some species of Pokémon that were evolutionary relatives of older-generation Pokémon, the fifth generation's selection was all-original, in an attempt to make the primary versions feel like a brand-new game.
The other core series games, and the additions to Black and White, titled Pokémon Black 2 and White 2, are direct sequels. They take place in the Unova region two years later, and were released in Japan on June 23, 2012 and in North America, Australia, and Europe in October of that year for Nintendo DS. They are somewhat different of their predecessors; there are different protagonist trainers, and many of the other important characters have changed as well. The games also introduced a new feature, the "Pokémon World Tournament", where trainers can battle gym leaders and champions from older regions, including Unova. On December 24, 2012, Japanese magazine Nintendo Dream posted a greetings card sent out by Game Freak. In the card, Junichi Masuda exclaimed that during 2013, they intend to further evolve the world of Pokémon. On December 29, 2012, a new Pokémon Black 2 and White 2 commercial aired in Japan, and ending with a message, informing Pokémon fans that the latest news would be announced on January 8, 2013. On January 4, 2013, both the Japanese and
English official Pokémon website confirmed that an announcement would be made on January 8. On January 7, 2013, the official Japanese website explained that the Nintendo president, Satoru Iwata would hold a 10-minute "Pokémon Direct" video conference to announce the big Pokémon news. On January 8, 2013, Satoru Iwata announced the sixth generation of Pokémon, with the new paired games, Pokémon X and Y, which were released on the Nintendo 3DS on October 12, 2013 worldwide. The X and Y games are rendered in full 3D; however, only select parts of the game can be displayed in stereoscopic 3D.[20] The video introduced the player characters, the starter Pokémon; Grass-type Chespin , the Fire-type Fennekin , and the Water-type Froakie , and two other Pokémon, not named until later; a bird-like Pokémon called Yveltal having a shape similar to the letter Y and a deer-like Pokémon called Xerneas with X-shapes in its eyes. A month later, Sylveon , a new evolved form of Eevee belonging to the games' new Fairy Type was revealed. Greninja, the final evolved form of Froakie, would later go on to represent the sixth generation of Pokémon in the hit fighting game, Super Smash Bros. for Nintendo 3DS and Wii U.
On May 7, 2014, Nintendo revealed the games Pokémon Omega Ruby and Alpha Sapphire in a teaser trailer, remakes of the third generation games Pokémon Ruby and Sapphire. They were released worldwide in November 2014. On August 26, 2014, Pokkén Tournament was announced and was released on July 16, 2015 in Japanese arcades and was released on March 18, 2016 worldwide for Wii U. It was developed by Bandai Namco Entertainment.
Seventh generation (2016–present): During a Nintendo Direct presentation on February 26, 2016, two new Pokémon titles were announced: Pokémon Sun and Moon. The first installments in the seventh generation of Pokémon games, they are set to be released in November 2016. The games will be compatible with other Nintendo 3DS titles, including Pokémon X and Y; Pokémon Omega Ruby and Alpha Sapphire; and the Virtual
Console re-releases of Pokemon Red, Blue, and Yellow.
One of the consistent aspects of most "Pokémon" games—spanning from Pokémon Red and Blue on the Game Players can choose a Grass-type, a Fire-type, or a Water-type, Pokémon indigenous to that particular region. For example, in Pokémon Red and Blue, the player has the choice of starting with Bulbasaur, Charmander, or Squir tle. The exception to this rule is Pokémon Yellow, where players are given a Pikachu, an Electric-type mouse Pokémon, famous for being the mascot of the Pokémon media franchise; unique to Pokémon Yellow, the three starter Pokémon from Red and Blue can be obtained during the quest by a single player.
Another consistent aspect is that the player's rival will always choose the type that has a type advantage over the player's chosen Pokémon as his or her starter Pokémon. For instance, if the player picks the Fire-type Charmander, the rival will always pick the Water-type Squirtle. This does not affect the first battle between the rivals, as they can only use Normal-type attacks at this point, meaning that they cannot exploit weaknesses. The exception to this is again Pokémon Yellow, in which the rival picks Eevee, a Normal-type Pokémon with multiple evolutions. However, in Pokémon Black and White, there are two rivals; one picks the Pokémon with a type advantage over the player's chosen Pokémon, while the other chooses the Pokémon with the type disadvantage. In Pokémon Diamond, Pearl and Platinum, another Trainer chooses the Pokémon with a type disadvantage to the player's chosen Pokémon, but never battles the player; instead, this character battles alongside the player as a tag partner in certain situations.
The situation is similar in Pokémon X and Y, but there are four rivals. Two of them receive the starter Pokémon in an arrangement similar to Pokémon Black and White, but the other two have completely different Pokémon.
T. Girish
HO: IT
“The highest reward for man’s toil is not what he gets for it, but what he becomes by it” – Ramesh Kumar Bung.
76 “There is no power on earth superior to self-control” – Ramesh Kumar Bung. 77
Pokémon is a series of video games developed by Game Freak and Creatures Inc. and published by Nintendo as part of the Pokémon media franchise. First released in 1996 in Japan for the Game Boy, the main series of role-playing video games (RPGs) has continued on each generation of Nintendo's handhelds. Games are commonly released in pairs—each with slight variations—and then an enhanced remake of the games is released a few years after the original releases. While the main series consists of role-playing games, spinoffs encompass other genres, such as action role-playing, puzzle, and digital pet games. As of February 2016, more than 279 million units have been sold worldwide, more than 200 million of which from the main series, making it the second best-selling video game franchise, behind only Nintendo's own Mario franchise. The franchise's mascot is Pikachu.
All of the licensed Pokémon properties overseen by The Pokémon Company are divided roughly by generation. These generations are roughly chronological divisions by release; when an official sequel in the main role-playing game series is released that features new Pokémon, characters, and game play concepts, that sequel is considered the start of a new generation of the franchise. The main games and their spin-offs, the anime, manga and trading card game are all updated with the new Pokémon properties each time a new generation begins. The franchise began its sixth generation with Pokémon X and Y, which were released worldwide on October 12, 2013.
The fifth generation of Pokémon began on September 18, 2010 with the release of Pokémon Black and White in Japan. They were then released in North America, Europe, and Australia in March 2011. They were released on the Nintendo DS, the same console as its predeceasing generation.
The games take place in the Unova region. New features include the C-Gear, a feature where players can use Wi-Fi options and customizations; two new battle methods ("Triple Battles", where three Pokémon are sent out at once, and Rotation
Battles, where three Pokémon are also sent out at the same time, but the trainer can switch one Pokémon out of the three that are present); "Battle Tests", where trainers battle each other to see who has stronger Pokémon; the Pokémon Musicals (similar to Pokémon Contests), which have trainers use their Pokémon to dance in a theatre with other Pokémon; and the ability to never waste Technical Machines (TMs), even when found the first time.
This generation introduced a total of 156 new Pokémon (beginning with Victini and ending with Genesect), the most of any generation. It was also the first generation where the first new Pokémon in National Pokédex order (Victini) is not a starter. It also introduced another new feature, the seasons, from which two Pokémon (Deerl ing and Sawsbuck) represent them. Unlike previous generations, which would introduce some species of Pokémon that were evolutionary relatives of older-generation Pokémon, the fifth generation's selection was all-original, in an attempt to make the primary versions feel like a brand-new game.
The other core series games, and the additions to Black and White, titled Pokémon Black 2 and White 2, are direct sequels. They take place in the Unova region two years later, and were released in Japan on June 23, 2012 and in North America, Australia, and Europe in October of that year for Nintendo DS. They are somewhat different of their predecessors; there are different protagonist trainers, and many of the other important characters have changed as well. The games also introduced a new feature, the "Pokémon World Tournament", where trainers can battle gym leaders and champions from older regions, including Unova. On December 24, 2012, Japanese magazine Nintendo Dream posted a greetings card sent out by Game Freak. In the card, Junichi Masuda exclaimed that during 2013, they intend to further evolve the world of Pokémon. On December 29, 2012, a new Pokémon Black 2 and White 2 commercial aired in Japan, and ending with a message, informing Pokémon fans that the latest news would be announced on January 8, 2013. On January 4, 2013, both the Japanese and
English official Pokémon website confirmed that an announcement would be made on January 8. On January 7, 2013, the official Japanese website explained that the Nintendo president, Satoru Iwata would hold a 10-minute "Pokémon Direct" video conference to announce the big Pokémon news. On January 8, 2013, Satoru Iwata announced the sixth generation of Pokémon, with the new paired games, Pokémon X and Y, which were released on the Nintendo 3DS on October 12, 2013 worldwide. The X and Y games are rendered in full 3D; however, only select parts of the game can be displayed in stereoscopic 3D.[20] The video introduced the player characters, the starter Pokémon; Grass-type Chespin , the Fire-type Fennekin , and the Water-type Froakie , and two other Pokémon, not named until later; a bird-like Pokémon called Yveltal having a shape similar to the letter Y and a deer-like Pokémon called Xerneas with X-shapes in its eyes. A month later, Sylveon , a new evolved form of Eevee belonging to the games' new Fairy Type was revealed. Greninja, the final evolved form of Froakie, would later go on to represent the sixth generation of Pokémon in the hit fighting game, Super Smash Bros. for Nintendo 3DS and Wii U.
On May 7, 2014, Nintendo revealed the games Pokémon Omega Ruby and Alpha Sapphire in a teaser trailer, remakes of the third generation games Pokémon Ruby and Sapphire. They were released worldwide in November 2014. On August 26, 2014, Pokkén Tournament was announced and was released on July 16, 2015 in Japanese arcades and was released on March 18, 2016 worldwide for Wii U. It was developed by Bandai Namco Entertainment.
Seventh generation (2016–present): During a Nintendo Direct presentation on February 26, 2016, two new Pokémon titles were announced: Pokémon Sun and Moon. The first installments in the seventh generation of Pokémon games, they are set to be released in November 2016. The games will be compatible with other Nintendo 3DS titles, including Pokémon X and Y; Pokémon Omega Ruby and Alpha Sapphire; and the Virtual
Console re-releases of Pokemon Red, Blue, and Yellow.
One of the consistent aspects of most "Pokémon" games—spanning from Pokémon Red and Blue on the Game Players can choose a Grass-type, a Fire-type, or a Water-type, Pokémon indigenous to that particular region. For example, in Pokémon Red and Blue, the player has the choice of starting with Bulbasaur, Charmander, or Squir tle. The exception to this rule is Pokémon Yellow, where players are given a Pikachu, an Electric-type mouse Pokémon, famous for being the mascot of the Pokémon media franchise; unique to Pokémon Yellow, the three starter Pokémon from Red and Blue can be obtained during the quest by a single player.
Another consistent aspect is that the player's rival will always choose the type that has a type advantage over the player's chosen Pokémon as his or her starter Pokémon. For instance, if the player picks the Fire-type Charmander, the rival will always pick the Water-type Squirtle. This does not affect the first battle between the rivals, as they can only use Normal-type attacks at this point, meaning that they cannot exploit weaknesses. The exception to this is again Pokémon Yellow, in which the rival picks Eevee, a Normal-type Pokémon with multiple evolutions. However, in Pokémon Black and White, there are two rivals; one picks the Pokémon with a type advantage over the player's chosen Pokémon, while the other chooses the Pokémon with the type disadvantage. In Pokémon Diamond, Pearl and Platinum, another Trainer chooses the Pokémon with a type disadvantage to the player's chosen Pokémon, but never battles the player; instead, this character battles alongside the player as a tag partner in certain situations.
The situation is similar in Pokémon X and Y, but there are four rivals. Two of them receive the starter Pokémon in an arrangement similar to Pokémon Black and White, but the other two have completely different Pokémon.
T. Girish
HO: IT
“The highest reward for man’s toil is not what he gets for it, but what he becomes by it” – Ramesh Kumar Bung.
78 79
Mydoom, also known as W32.MyDoom@mm,
Novarg, Mimail.R and Shimgapi, is a computer
worm affecting Microsoft Windows. It was first
sighted on January 26, 2004. It became the fastest-
spreading e-mail worm ever (as of January 2004),
exceeding previous records set by the Sobig worm
and ILOVEYOU, a record which as of 2016 has yet
to be surpassed.
Mydoom appears to have been commissioned by
e-mail spammers so as to send junk e-mail through
infected computers. The worm contains the text
message "andy; I'm just doing my job, nothing
personal, sorry," leading many to believe that the
worm's creator was paid. Early on, several security
firms expressed their belief that the worm
originated from a programmer in Russia. The
actual author of the worm is unknown.
Speculative early coverage held that the sole
purpose of the worm was to perpetrate a
distributed denial-of-service attack against SCO
Group. 25 percent of Mydoom A-infected hosts
targeted www.sco.com with a flood of traffic. Trade
press conjecture, spurred on by SCO Group's own
claims, held that this meant the worm was created
by a Linux or open source supporter in retaliation
for SCO Group's controversial legal actions and
public statements against Linux. This theory was
rejected immediately by security researchers. Since
then, it has been likewise rejected by law
enforcement agents investigating the virus, who
attribute it to organized online crime gangs.
Initial analysis of Mydoom suggested that it was a
variant of the Mimail worm—hence the alternate
name Mimail.R—prompting speculation that the
same people were responsible for both worms.
Later analyses were less conclusive as to the link
between the two worms. Mydoom was named by
Craig Schmugar, an employee of computer
security firm McAfee and one of the earliest
discoverers of the worm. Schmugar chose the
name after noticing the text "mydom" within a line
of the program's code. He noted: "It was evident
early on that this would be very big. I thought
having 'doom' in the name would be appropriate."
Mydoom is primarily transmitted via e-mail,
appearing as a transmission error, with subject lines
including "Error", "Mail Delivery System", "Test" or
"Mail Transaction Failed" in different languages,
including English and French. The mail contains an
attachment that, if executed, resends the worm to
e-mail addresses found in local files such as a user's
address book. It also copies itself to the “shared
folder” of peer-to-peer file-sharing application
KaZaA in an attempt to spread that way.
Mydoom avoids targeting e-mail addresses at
certain universities, such as Rutgers, MIT, Stanford
and UC Berkeley, as well as certain companies
such as Microsoft and Symantec. Some early
reports claimed the worm avoids all .edu
addresses, but this is not the case. The original
version, Mydoom A, is described as carrying two
payloads:
A backdoor on port 3127/tcp to allow remote
control of the subverted PC (by putting its own
SHIMGAPI.DLL file in the system32 directory and
launching it as a child process of the Windows
Explorer); this is essentially the same backdoor
used by Mimail.
A denial-of-service attack against the website of the
controversial company SCO Group, timed to
commence 1 February 2004. Many virus analysts
doubted if this payload would actually function.
Later testing suggests that it functions in only 25%
of infected systems.
A second version, Mydoom.B, as well as carrying
the original payloads, also targets the Microsoft
website and blocks access to Microsoft sites and
popular online antivirus sites by modifying the
hosts file, thus blocking virus removal tools or
updates to antivirus software. The smaller number
of copies of this version in circulation meant that
Microsoft's servers suffered few ill effects.
26 January 2004: The Mydoom virus is first
identified around 8am EST (1300 UTC), just
before the beginning of the workday in North
America. The earliest messages originate from
Russia. For a period of a few hours mid-day, the
worm's rapid spread slows overall internet
performance by approximately ten percent and
average web page load times by approximately
fifty percent. Computer security companies report
that Mydoom is responsible for approximately one
in ten e-mail messages at this time.
Although Mydoom's denial of service attack was
scheduled to begin on 1 February 2004, SCO
Group's website goes offline briefly in the hours
after the worm is first released. It is unclear whether
Mydoom was responsible for this. SCO Group
claimed it was the target of several distributed
denial of service attacks in 2003 that were
unrelated to computer viruses.
27 January: SCO Group offers a US $250,000
reward for information leading to the arrest of the
worm's creator. In the US, the FBI and the Secret
Service begin investigations into the worm.
28 January: A second version of the worm is
discovered two days after the initial attack. The first
messages sent by Mydoom.B are identified at
around 1400 UTC and also appear to originate
from Russia. The new version includes the original
denial of service attack against SCO Group and an
identical attack aimed at Microsoft.com beginning
on 3 February 2004; however, both attacks are
suspected to be either broken, or non-functional
decoy code intended to conceal the backdoor
function of Mydoom. Mydoom.B also blocks
access to the websites of over 60 computer security
companies, as well as pop-up advertisements
provided by DoubleClick and other online
marketing companies.
The spread of MyDoom peaks; computer security
companies report that Mydoom is responsible for
roughly one in five e-mail messages at this time.
29 January: The spread of Mydoom begins to
decline as bugs in Mydoom B's code prevent it from
spreading as rapidly as first anticipated. Microsoft
offers US $250,000 reward for information leading
to the arrest of the creator of Mydoom.B.
1 February 2004: An estimated one million
computers around the world infected with
Mydoom begin the virus's massive distributed
denial of service attack—the largest such attack to
date. As 1 February arrives in East Asia and
Australia, SCO removes www.sco.com from the
DNS around 1700 UTC on 31 January. (There is as
yet no independent confirmation of www.sco.com
in fact suffering the planned DDOS.)
3 February: Mydoom.B's distributed denial of
service attack on Microsoft begins, for which
Microsoft prepares by offering a website which will
n o t b e a f f e c t e d b y t h e w o r m ,
information.microsoft.com. However, the impact
o f t h e a t t a c k r e m a i n s m i n i m a l a n d
www.microsoft.com remains functional. This is
attributed to the comparatively low distribution of
the Mydoom.B variant, the high load tolerance of
Microsoft's web servers and precautions taken by
the company. Some experts point out that the
burden is less than that of Microsoft software
updates and other such web-based services.
9 February: Doomjuice, a “parasitic” worm, begins
spreading. This worm uses the backdoor left by
Mydoom to spread. It does not attack non-infected
computers . I t s payload, akin to one of
Mydoom.B's, is a denial-of-service attack against
Microsoft.
12 February: Mydoom.A is programmed to stop
spreading. However, the backdoor remains open
after this date.
1 March: Mydoom.B is programmed to stop
spreading; as with Mydoom.A, the backdoor
remains open.
26 July: A variant of Mydoom attacks Google,
AltaVista and Lycos, completely stopping the
function of the popular Google search engine for
the larger portion of the workday, and creating
noticeable slow-downs in the AltaVista and Lycos
engines for hours.
10 September: MyDoom versions U, V, W and X
appear, sparking worries that a new, more powerful
MyDoom is being prepared.
18 February 2005: MyDoom version AO appears.
July 2009: MyDoom resurfaces in the July 2009
cyber attacks affecting South Korea and the United
States.
N. S. N. Murthy
HO:IT
MYDOOM VIRUS
“To see opportunities in difficulties is optimism and to see the difficulties in opportunities is pessimism” – Ramesh Kumar Bung.“Egotism separates man from Divinity” – Ramesh Kumar Bung.
78 79
Mydoom, also known as W32.MyDoom@mm,
Novarg, Mimail.R and Shimgapi, is a computer
worm affecting Microsoft Windows. It was first
sighted on January 26, 2004. It became the fastest-
spreading e-mail worm ever (as of January 2004),
exceeding previous records set by the Sobig worm
and ILOVEYOU, a record which as of 2016 has yet
to be surpassed.
Mydoom appears to have been commissioned by
e-mail spammers so as to send junk e-mail through
infected computers. The worm contains the text
message "andy; I'm just doing my job, nothing
personal, sorry," leading many to believe that the
worm's creator was paid. Early on, several security
firms expressed their belief that the worm
originated from a programmer in Russia. The
actual author of the worm is unknown.
Speculative early coverage held that the sole
purpose of the worm was to perpetrate a
distributed denial-of-service attack against SCO
Group. 25 percent of Mydoom A-infected hosts
targeted www.sco.com with a flood of traffic. Trade
press conjecture, spurred on by SCO Group's own
claims, held that this meant the worm was created
by a Linux or open source supporter in retaliation
for SCO Group's controversial legal actions and
public statements against Linux. This theory was
rejected immediately by security researchers. Since
then, it has been likewise rejected by law
enforcement agents investigating the virus, who
attribute it to organized online crime gangs.
Initial analysis of Mydoom suggested that it was a
variant of the Mimail worm—hence the alternate
name Mimail.R—prompting speculation that the
same people were responsible for both worms.
Later analyses were less conclusive as to the link
between the two worms. Mydoom was named by
Craig Schmugar, an employee of computer
security firm McAfee and one of the earliest
discoverers of the worm. Schmugar chose the
name after noticing the text "mydom" within a line
of the program's code. He noted: "It was evident
early on that this would be very big. I thought
having 'doom' in the name would be appropriate."
Mydoom is primarily transmitted via e-mail,
appearing as a transmission error, with subject lines
including "Error", "Mail Delivery System", "Test" or
"Mail Transaction Failed" in different languages,
including English and French. The mail contains an
attachment that, if executed, resends the worm to
e-mail addresses found in local files such as a user's
address book. It also copies itself to the “shared
folder” of peer-to-peer file-sharing application
KaZaA in an attempt to spread that way.
Mydoom avoids targeting e-mail addresses at
certain universities, such as Rutgers, MIT, Stanford
and UC Berkeley, as well as certain companies
such as Microsoft and Symantec. Some early
reports claimed the worm avoids all .edu
addresses, but this is not the case. The original
version, Mydoom A, is described as carrying two
payloads:
A backdoor on port 3127/tcp to allow remote
control of the subverted PC (by putting its own
SHIMGAPI.DLL file in the system32 directory and
launching it as a child process of the Windows
Explorer); this is essentially the same backdoor
used by Mimail.
A denial-of-service attack against the website of the
controversial company SCO Group, timed to
commence 1 February 2004. Many virus analysts
doubted if this payload would actually function.
Later testing suggests that it functions in only 25%
of infected systems.
A second version, Mydoom.B, as well as carrying
the original payloads, also targets the Microsoft
website and blocks access to Microsoft sites and
popular online antivirus sites by modifying the
hosts file, thus blocking virus removal tools or
updates to antivirus software. The smaller number
of copies of this version in circulation meant that
Microsoft's servers suffered few ill effects.
26 January 2004: The Mydoom virus is first
identified around 8am EST (1300 UTC), just
before the beginning of the workday in North
America. The earliest messages originate from
Russia. For a period of a few hours mid-day, the
worm's rapid spread slows overall internet
performance by approximately ten percent and
average web page load times by approximately
fifty percent. Computer security companies report
that Mydoom is responsible for approximately one
in ten e-mail messages at this time.
Although Mydoom's denial of service attack was
scheduled to begin on 1 February 2004, SCO
Group's website goes offline briefly in the hours
after the worm is first released. It is unclear whether
Mydoom was responsible for this. SCO Group
claimed it was the target of several distributed
denial of service attacks in 2003 that were
unrelated to computer viruses.
27 January: SCO Group offers a US $250,000
reward for information leading to the arrest of the
worm's creator. In the US, the FBI and the Secret
Service begin investigations into the worm.
28 January: A second version of the worm is
discovered two days after the initial attack. The first
messages sent by Mydoom.B are identified at
around 1400 UTC and also appear to originate
from Russia. The new version includes the original
denial of service attack against SCO Group and an
identical attack aimed at Microsoft.com beginning
on 3 February 2004; however, both attacks are
suspected to be either broken, or non-functional
decoy code intended to conceal the backdoor
function of Mydoom. Mydoom.B also blocks
access to the websites of over 60 computer security
companies, as well as pop-up advertisements
provided by DoubleClick and other online
marketing companies.
The spread of MyDoom peaks; computer security
companies report that Mydoom is responsible for
roughly one in five e-mail messages at this time.
29 January: The spread of Mydoom begins to
decline as bugs in Mydoom B's code prevent it from
spreading as rapidly as first anticipated. Microsoft
offers US $250,000 reward for information leading
to the arrest of the creator of Mydoom.B.
1 February 2004: An estimated one million
computers around the world infected with
Mydoom begin the virus's massive distributed
denial of service attack—the largest such attack to
date. As 1 February arrives in East Asia and
Australia, SCO removes www.sco.com from the
DNS around 1700 UTC on 31 January. (There is as
yet no independent confirmation of www.sco.com
in fact suffering the planned DDOS.)
3 February: Mydoom.B's distributed denial of
service attack on Microsoft begins, for which
Microsoft prepares by offering a website which will
n o t b e a f f e c t e d b y t h e w o r m ,
information.microsoft.com. However, the impact
o f t h e a t t a c k r e m a i n s m i n i m a l a n d
www.microsoft.com remains functional. This is
attributed to the comparatively low distribution of
the Mydoom.B variant, the high load tolerance of
Microsoft's web servers and precautions taken by
the company. Some experts point out that the
burden is less than that of Microsoft software
updates and other such web-based services.
9 February: Doomjuice, a “parasitic” worm, begins
spreading. This worm uses the backdoor left by
Mydoom to spread. It does not attack non-infected
computers . I t s payload, akin to one of
Mydoom.B's, is a denial-of-service attack against
Microsoft.
12 February: Mydoom.A is programmed to stop
spreading. However, the backdoor remains open
after this date.
1 March: Mydoom.B is programmed to stop
spreading; as with Mydoom.A, the backdoor
remains open.
26 July: A variant of Mydoom attacks Google,
AltaVista and Lycos, completely stopping the
function of the popular Google search engine for
the larger portion of the workday, and creating
noticeable slow-downs in the AltaVista and Lycos
engines for hours.
10 September: MyDoom versions U, V, W and X
appear, sparking worries that a new, more powerful
MyDoom is being prepared.
18 February 2005: MyDoom version AO appears.
July 2009: MyDoom resurfaces in the July 2009
cyber attacks affecting South Korea and the United
States.
N. S. N. Murthy
HO:IT
MYDOOM VIRUS
“To see opportunities in difficulties is optimism and to see the difficulties in opportunities is pessimism” – Ramesh Kumar Bung.“Egotism separates man from Divinity” – Ramesh Kumar Bung.
80 81
In a recent report released by the United Nations, the Indian Diaspora is by far the largest in the world. But, on the shores of the Caribbean island, the scene is a bit different from rest of the world. The Diaspora included people who were sent there by the British for sugarcane plantation labour in the mid 18th century. These people have been living there for ages now and their identity has somewhat changed. From their accent, food, and clothing, nothing matches that of an Indian or an Indian Diaspora residing somewhere else in the world. The British controlled the game of Cricket and tried to expand it wherever they went and it was no different on the Caribbean shores. These islands joined hands to make a united cricket team and named it West Indies. West Indies were the undisputed rulers of Cricket from 1970 to the late 1990's. They had four best fast bowlers in their team who tormented any batting line-ups during their heydays. The group includes Michael Holding, Andy Roberts, Joel Garner and Malcolm Marshall.
Apart from bowlers, the team also produced legendary batsmen who could rip apart any bowling attack. Sir Vivian Richards alone was enough to dismantle any tough bowling attack during that period. In the name itself “West Indies”, we find “India”. Not only the name but even some of the greatest ever West Indies cricketers were of Indian origin, especially the Indo-Guyanese origin. Now, here is a list of Indian origin West Indies cricketers who succeeded at the highest level.
1 – Ramnaresh Sarwan: A batsman who is rated very highly in the cricketing fraternity,
Ramnaresh Sarwan broke into the Windies squad against the touring Pakistan and made his debut against them at Barbados in the year 2000. But despite all his
injuries and hiccups throughout his career he has nearly 6000 runs each in
both ODIs and Tests. He was involved in one of the greatest ever run chases when West Indies chased down a mammoth 418 against the touring Aussies.
Sarwan along with his Indo-Guyanese teammate, Shivnarine Chanderpaul scored magnificent centuries which enabled the Windies to chase down an improbable victory target of 418. The run chase is still the highest in Test cricket history. He also has 20 international centuries to his name (5 in ODIs and 15 in Tests). Sarwan hails from a Hindu family of Indian descent. His parents' names are Kishan and Kumari Sarwan.
2 – Alvin Kallicharan: Is a former West Indies cricketer of the Indo-Guyanese
ethnicity and played for the nation from 1972-1981. A stylish left-handed batsman during his playing days, Kallicharan was known for his elegant and watchful
batting style. He was also a useful off-break bowler. He was the Wisden
Cricketer of the year in 1973. He was a part of the West Indies World Cup winning team. He was appointed the Windies captain in 1977-78 when Clive Lloyd resigned from the captaincy for the Kerry Packer issues. He was later involved in a controversy when he led an unofficial rebel tour to South Africa. He finished his career with 4399 Test runs and played 66 Tests during that period.
3 – Rohan Kanhai: Regarded as one of the greatest ever West Indies batsmen in the
1960s era of uncovered wickets, Rohan Kanhai represented West Indies in 79 Tests. He is a former Guyanese cricketer and his ancestors are of Bhojpuri origin.
He made his Test debut in the year 1957 against England, and kept
wickets and opened the innings in his first 3 Tests. He was famous for his unorthodox shots, especially the falling hook shot, in which he finished his follow through lying on his back. During the latter half of his career, he was appointed the captain of the national side succeeding Sir Garfield Sobers which made the team a more determined lot. He retired from international cricket in 1974
playing his last Test against England.
4 – Denesh Ramdin: A wicketkeeper-batsman from Trinidad, Denesh Ramdin made
both his Test and ODI debuts in the year 2005 against Sri Lanka and India respectively. His ancestors are of Bhojpuri origin. He holds the record for the highest individual
score by a West Indies wicket-keeper in Tests and the second highest in
ODIs. He became the captain of Trinidad and Tobago in 2011, replacing another Indian origin cricketer Daren Ganga. He has scored 4 Test centuries with two against England and one each against Bangladesh and New Zealand. He has been a solid performer in ODIs too, scoring two centuries in that process. In May 2014, he was named the Test captain of the West Indies cricket team replacing Darren Sammy.
5 – Shivnarine Chanderpaul: Former West Indies cricketer – who is from Guyana –
is hailed as one of the best batsmen, West Indies has produced. He is the first Indo-Caribbean cricketer to play 100 Tests. Chanderpaul had an unorthodox batting style with a
total open chest stance but despite that he has scored nearly 12000 Test
runs and nearly 9000 ODI runs. He has been a consistent performer for West Indies spanning over two decades. Making his debut way back in the year 1994, he played for 21 years at the highest level. He played his last Test in 2015 against England and bid adieu to what was an illustrious career. Records with the Purnia District Administration (a district in North East Bihar) suggest that Shivnarine Chanderpaul's great grand uncle, Pawan Kumar Chanderpaul had immigrated to Guyana in the year 1873 and this makes him a bonafide Bihari from his mother's side.
G. Amarnath
HO: PDS
WEST INDIES CRICKETERS OF INDIAN ORIGINWEST INDIES CRICKETERS OF INDIAN ORIGINMETHIONYLTHREONYLTHREONYGLUTA
MINYLARGINYL…ISOLEUCINE
Note the ellipses. All told, the full chemical name for the human protein titin is 189,819 letters, and takes about three-and-a-half hours to pronounce. The problem with including chemical names is that there’s essentially no limit to how long they can be. For example, naming a single strand of DNA, with its millions and millions of repeating base pairs, could eventually tab out at well over a billion letters.
LOPADOTEMACHOSELACHOGALEOKRA
NIOLEIPSAN…PTERYGON
The longest word ever to appear in literature comes from Aristophanes’ play, Assemblywomen, published in 391 BC. The Greek word tallies 171 letters, but translates to 183 in English. This mouthful refers to a fictional fricassee comprised of rotted dogfish head, wrasse, wood pigeon, and the roasted head of a dabchick, among other culinary morsels.
PNEUMONOULTRAMICROSCOPICSILICO
VOLCANOCONIOSIS
At 45 letters, this is the longest word you’ll find in a major dictionary. An inflated version of silicosis, this is the full scientific name for a disease that causes inflammation in the lungs owing to the inhalation of very fine silica dust. Despite its inclusion in the dictionary, it’s generally considered superfluous, having been coined simply to claim the title of the longest English word.
PARASTRATIOSPHECOMYIASTRATIOSP
HECOMYIOIDES
The longest accepted binomial construction, at 42 letters, is a species of soldier fly native to Thailand. With a lifespan of five to eight days, it’s unlikely one has ever survived long enough to hear it pronounced correctly.
PSEUDOPSEUDOHYPOPARATHYROIDISM
This 30-letter thyroid disorder is the longest non-coined word to appear in a major dictionary.
A. V. Rama Rao
“Take chances – all successful people do it” – Ramesh Kumar Bung.“Where might is master, justice is servant” – Ramesh Kumar Bung.
WHAT ARE THE LONGEST WORDS IN ENGLISH?
80 81
In a recent report released by the United Nations, the Indian Diaspora is by far the largest in the world. But, on the shores of the Caribbean island, the scene is a bit different from rest of the world. The Diaspora included people who were sent there by the British for sugarcane plantation labour in the mid 18th century. These people have been living there for ages now and their identity has somewhat changed. From their accent, food, and clothing, nothing matches that of an Indian or an Indian Diaspora residing somewhere else in the world. The British controlled the game of Cricket and tried to expand it wherever they went and it was no different on the Caribbean shores. These islands joined hands to make a united cricket team and named it West Indies. West Indies were the undisputed rulers of Cricket from 1970 to the late 1990's. They had four best fast bowlers in their team who tormented any batting line-ups during their heydays. The group includes Michael Holding, Andy Roberts, Joel Garner and Malcolm Marshall.
Apart from bowlers, the team also produced legendary batsmen who could rip apart any bowling attack. Sir Vivian Richards alone was enough to dismantle any tough bowling attack during that period. In the name itself “West Indies”, we find “India”. Not only the name but even some of the greatest ever West Indies cricketers were of Indian origin, especially the Indo-Guyanese origin. Now, here is a list of Indian origin West Indies cricketers who succeeded at the highest level.
1 – Ramnaresh Sarwan: A batsman who is rated very highly in the cricketing fraternity,
Ramnaresh Sarwan broke into the Windies squad against the touring Pakistan and made his debut against them at Barbados in the year 2000. But despite all his
injuries and hiccups throughout his career he has nearly 6000 runs each in
both ODIs and Tests. He was involved in one of the greatest ever run chases when West Indies chased down a mammoth 418 against the touring Aussies.
Sarwan along with his Indo-Guyanese teammate, Shivnarine Chanderpaul scored magnificent centuries which enabled the Windies to chase down an improbable victory target of 418. The run chase is still the highest in Test cricket history. He also has 20 international centuries to his name (5 in ODIs and 15 in Tests). Sarwan hails from a Hindu family of Indian descent. His parents' names are Kishan and Kumari Sarwan.
2 – Alvin Kallicharan: Is a former West Indies cricketer of the Indo-Guyanese
ethnicity and played for the nation from 1972-1981. A stylish left-handed batsman during his playing days, Kallicharan was known for his elegant and watchful
batting style. He was also a useful off-break bowler. He was the Wisden
Cricketer of the year in 1973. He was a part of the West Indies World Cup winning team. He was appointed the Windies captain in 1977-78 when Clive Lloyd resigned from the captaincy for the Kerry Packer issues. He was later involved in a controversy when he led an unofficial rebel tour to South Africa. He finished his career with 4399 Test runs and played 66 Tests during that period.
3 – Rohan Kanhai: Regarded as one of the greatest ever West Indies batsmen in the
1960s era of uncovered wickets, Rohan Kanhai represented West Indies in 79 Tests. He is a former Guyanese cricketer and his ancestors are of Bhojpuri origin.
He made his Test debut in the year 1957 against England, and kept
wickets and opened the innings in his first 3 Tests. He was famous for his unorthodox shots, especially the falling hook shot, in which he finished his follow through lying on his back. During the latter half of his career, he was appointed the captain of the national side succeeding Sir Garfield Sobers which made the team a more determined lot. He retired from international cricket in 1974
playing his last Test against England.
4 – Denesh Ramdin: A wicketkeeper-batsman from Trinidad, Denesh Ramdin made
both his Test and ODI debuts in the year 2005 against Sri Lanka and India respectively. His ancestors are of Bhojpuri origin. He holds the record for the highest individual
score by a West Indies wicket-keeper in Tests and the second highest in
ODIs. He became the captain of Trinidad and Tobago in 2011, replacing another Indian origin cricketer Daren Ganga. He has scored 4 Test centuries with two against England and one each against Bangladesh and New Zealand. He has been a solid performer in ODIs too, scoring two centuries in that process. In May 2014, he was named the Test captain of the West Indies cricket team replacing Darren Sammy.
5 – Shivnarine Chanderpaul: Former West Indies cricketer – who is from Guyana –
is hailed as one of the best batsmen, West Indies has produced. He is the first Indo-Caribbean cricketer to play 100 Tests. Chanderpaul had an unorthodox batting style with a
total open chest stance but despite that he has scored nearly 12000 Test
runs and nearly 9000 ODI runs. He has been a consistent performer for West Indies spanning over two decades. Making his debut way back in the year 1994, he played for 21 years at the highest level. He played his last Test in 2015 against England and bid adieu to what was an illustrious career. Records with the Purnia District Administration (a district in North East Bihar) suggest that Shivnarine Chanderpaul's great grand uncle, Pawan Kumar Chanderpaul had immigrated to Guyana in the year 1873 and this makes him a bonafide Bihari from his mother's side.
G. Amarnath
HO: PDS
WEST INDIES CRICKETERS OF INDIAN ORIGINWEST INDIES CRICKETERS OF INDIAN ORIGINMETHIONYLTHREONYLTHREONYGLUTA
MINYLARGINYL…ISOLEUCINE
Note the ellipses. All told, the full chemical name for the human protein titin is 189,819 letters, and takes about three-and-a-half hours to pronounce. The problem with including chemical names is that there’s essentially no limit to how long they can be. For example, naming a single strand of DNA, with its millions and millions of repeating base pairs, could eventually tab out at well over a billion letters.
LOPADOTEMACHOSELACHOGALEOKRA
NIOLEIPSAN…PTERYGON
The longest word ever to appear in literature comes from Aristophanes’ play, Assemblywomen, published in 391 BC. The Greek word tallies 171 letters, but translates to 183 in English. This mouthful refers to a fictional fricassee comprised of rotted dogfish head, wrasse, wood pigeon, and the roasted head of a dabchick, among other culinary morsels.
PNEUMONOULTRAMICROSCOPICSILICO
VOLCANOCONIOSIS
At 45 letters, this is the longest word you’ll find in a major dictionary. An inflated version of silicosis, this is the full scientific name for a disease that causes inflammation in the lungs owing to the inhalation of very fine silica dust. Despite its inclusion in the dictionary, it’s generally considered superfluous, having been coined simply to claim the title of the longest English word.
PARASTRATIOSPHECOMYIASTRATIOSP
HECOMYIOIDES
The longest accepted binomial construction, at 42 letters, is a species of soldier fly native to Thailand. With a lifespan of five to eight days, it’s unlikely one has ever survived long enough to hear it pronounced correctly.
PSEUDOPSEUDOHYPOPARATHYROIDISM
This 30-letter thyroid disorder is the longest non-coined word to appear in a major dictionary.
A. V. Rama Rao
“Take chances – all successful people do it” – Ramesh Kumar Bung.“Where might is master, justice is servant” – Ramesh Kumar Bung.
WHAT ARE THE LONGEST WORDS IN ENGLISH?
82
When it comes to stirring our patriotic feelings, a number of Indian songs have done a commendable job. Here are a few such songs you can play to evoke the patriot inside you:1. Aao baccho tumhe dikhayen: Crooned and written by Kavi Pradeep, this song is picturized in a school where a teacher is educating his pupils on various aspects of great India and telling them about the sacrifices made by great men in the honour of their homeland.2. Hum Layen hai Tufan se: Another beautiful song from Jagriti (1954), 'Hum Layen hai Tufan se' is a plea from a patriot to a group of children, rather the children of the nation, to defend this country and let it not fall in crisis.3. Insaf ki dagar pe: Shakeel Badayuni wrote this heart-rending song and Hemant Kumar led his voice to it. The song is from the Dilip Kumar starrer, 'Ganga Jamuna' and is an ode to the inspirational leaders who were instrumental in India's independence.4. Chodo Kal ki Baatein: It was sung by Mukesh and talks of how India can take strides forward, forgetting the struggles of past and till date, it remains one of the most progressive songs ever written.5. De Di Hume azadi, bina khadag bina dhal: Hemant Kumar adorned this Mahatma Gandhi paean with his music and Asha Bhosle lent her voice, making it one of the most heartfelt patriotic songs in Indian cinema.6. Aye mere pyare watan: Written by Gulzar and sung by Manna Dey, this lyrical song was written keeping the Indo-China war in perspective. It still holds a high place in the hearts of millions.7. Aye Watan, aye watan: From the movie Shaheed, based on Bhagat Singh's life, this song is picturized on Manoj Kumar and manages to tug the heart strings even today.8. Mere Desh ki dharti: Manoj Kumar gave us a number of patriotic songs to cherish, this is one of those. From the movie Upkar, this song praises the motherland in a way that no other song has been able to so far.9. Apni azadi ko hum: If this one doesn't get in your head, nothing would. The belligerence of the song can be owed to the Chinese invasion that happened around the same time and the Indo-Pak war was on the doorstep.10. Ab tumhare hawale watan saathiyon: It was one of the first patriotic songs written for a movie and also happens to be the most popular ones. Mohammad Rafi rendered his voice to the song and made it unforgettable.Bollywood continues to write songs with patriotism as the theme. With time, these songs have also taken the
form of slogans. I-Day Special: Top Patriotic Movies of Bollywood: Apart from India vs Pakistan cricket matches, Bollywood has also played an important part in fostering the spirit of patriotism. Over the course of time, several Bollywood flicks gave been cantered on the idea of promoting love and dedication towards India. Directors have come with movies which have shaken the citizens and effectively conveyed the message that we should remain united as citizens and faithful to the country. Let's look at the five patriotic movies which cannot be ignored:Lagaan: An Aamir Khan production, the movie was released in 2001 and was set in the second half of the 19th century when India was under the British rule. The British have imposed heavy taxes (lagaan) on a poor, barren village of Gujarat. When the villagers express their inability to pay, the cunning British come up with a wager that they (villagers) have to defeat them in a cricket match to get rid of the taxes for three years. The movie shows the how the browbeaten villagers led by simple but zealous Bhuvan (Aamir Khan) unite for a common cause, learn a hitherto unknown game of cricket and crush the mighty British team.Director: Ashutosh Gowarikar . Cast: Aamir Khan, Gracy SinghBorder: Border, released in 1997, is a war film based on Indo-Pak war in 1971. The movie depicts the lives of Indian soldiers and how they selflessly fight the enemy of the nation. Their unity and sincere love for the country puts them on the path of the duty and they fight a ferocious battle with many of them falling martyrs to enemy's bullets. The movie shows how a soldier forgoes his own wants, family etc. to stand up for the country.Director: J.P. Dutta. Cast: Sunny Deol, Akshaya Khanna, Suneil ShettyChak De! India: In this 2007 blockbuster SRK plays the role of a Muslim India hockey player whose loyalty towards the country comes under the scanner after his poor performance in a match versus Pakistan. He leads a life of ignominy for seven years but finally returns to redeem himself. He is now the coach of India's women's hockey team which is in shambles. He unites the team which is composed of players from various parts of the country and instils the values of hard work and unity in the girls. The team wins the World Cup and finds glory for itself, the coach and the country.Director: Shimit Amin. Cast: Shahrukh Khan, Vidya Malvade, Sagarika Ghatge
Sheela Jaiswal M.G. Road, Secunderabad Branch
THE GREATEST INDIAN PATRIOTIC SONGS EVERTHE GREATEST INDIAN PATRIOTIC SONGS EVER
“Children are like wet cement; whatever falls on them makes an impression” – Ramesh Kumar Bung.
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82
When it comes to stirring our patriotic feelings, a number of Indian songs have done a commendable job. Here are a few such songs you can play to evoke the patriot inside you:1. Aao baccho tumhe dikhayen: Crooned and written by Kavi Pradeep, this song is picturized in a school where a teacher is educating his pupils on various aspects of great India and telling them about the sacrifices made by great men in the honour of their homeland.2. Hum Layen hai Tufan se: Another beautiful song from Jagriti (1954), 'Hum Layen hai Tufan se' is a plea from a patriot to a group of children, rather the children of the nation, to defend this country and let it not fall in crisis.3. Insaf ki dagar pe: Shakeel Badayuni wrote this heart-rending song and Hemant Kumar led his voice to it. The song is from the Dilip Kumar starrer, 'Ganga Jamuna' and is an ode to the inspirational leaders who were instrumental in India's independence.4. Chodo Kal ki Baatein: It was sung by Mukesh and talks of how India can take strides forward, forgetting the struggles of past and till date, it remains one of the most progressive songs ever written.5. De Di Hume azadi, bina khadag bina dhal: Hemant Kumar adorned this Mahatma Gandhi paean with his music and Asha Bhosle lent her voice, making it one of the most heartfelt patriotic songs in Indian cinema.6. Aye mere pyare watan: Written by Gulzar and sung by Manna Dey, this lyrical song was written keeping the Indo-China war in perspective. It still holds a high place in the hearts of millions.7. Aye Watan, aye watan: From the movie Shaheed, based on Bhagat Singh's life, this song is picturized on Manoj Kumar and manages to tug the heart strings even today.8. Mere Desh ki dharti: Manoj Kumar gave us a number of patriotic songs to cherish, this is one of those. From the movie Upkar, this song praises the motherland in a way that no other song has been able to so far.9. Apni azadi ko hum: If this one doesn't get in your head, nothing would. The belligerence of the song can be owed to the Chinese invasion that happened around the same time and the Indo-Pak war was on the doorstep.10. Ab tumhare hawale watan saathiyon: It was one of the first patriotic songs written for a movie and also happens to be the most popular ones. Mohammad Rafi rendered his voice to the song and made it unforgettable.Bollywood continues to write songs with patriotism as the theme. With time, these songs have also taken the
form of slogans. I-Day Special: Top Patriotic Movies of Bollywood: Apart from India vs Pakistan cricket matches, Bollywood has also played an important part in fostering the spirit of patriotism. Over the course of time, several Bollywood flicks gave been cantered on the idea of promoting love and dedication towards India. Directors have come with movies which have shaken the citizens and effectively conveyed the message that we should remain united as citizens and faithful to the country. Let's look at the five patriotic movies which cannot be ignored:Lagaan: An Aamir Khan production, the movie was released in 2001 and was set in the second half of the 19th century when India was under the British rule. The British have imposed heavy taxes (lagaan) on a poor, barren village of Gujarat. When the villagers express their inability to pay, the cunning British come up with a wager that they (villagers) have to defeat them in a cricket match to get rid of the taxes for three years. The movie shows the how the browbeaten villagers led by simple but zealous Bhuvan (Aamir Khan) unite for a common cause, learn a hitherto unknown game of cricket and crush the mighty British team.Director: Ashutosh Gowarikar . Cast: Aamir Khan, Gracy SinghBorder: Border, released in 1997, is a war film based on Indo-Pak war in 1971. The movie depicts the lives of Indian soldiers and how they selflessly fight the enemy of the nation. Their unity and sincere love for the country puts them on the path of the duty and they fight a ferocious battle with many of them falling martyrs to enemy's bullets. The movie shows how a soldier forgoes his own wants, family etc. to stand up for the country.Director: J.P. Dutta. Cast: Sunny Deol, Akshaya Khanna, Suneil ShettyChak De! India: In this 2007 blockbuster SRK plays the role of a Muslim India hockey player whose loyalty towards the country comes under the scanner after his poor performance in a match versus Pakistan. He leads a life of ignominy for seven years but finally returns to redeem himself. He is now the coach of India's women's hockey team which is in shambles. He unites the team which is composed of players from various parts of the country and instils the values of hard work and unity in the girls. The team wins the World Cup and finds glory for itself, the coach and the country.Director: Shimit Amin. Cast: Shahrukh Khan, Vidya Malvade, Sagarika Ghatge
Sheela Jaiswal M.G. Road, Secunderabad Branch
THE GREATEST INDIAN PATRIOTIC SONGS EVERTHE GREATEST INDIAN PATRIOTIC SONGS EVER
“Children are like wet cement; whatever falls on them makes an impression” – Ramesh Kumar Bung.
BANKING SOLUTIONS
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Easy Creditfor Trade & Industry
Life
ServicesInsurance
ForeignExchange
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THE A.P. MAHESH CO-OP. URBAN BANK LTD. (MULTI - STATE SCHEDULED BANK)
RuPay
DebitCard
Gold
InstantLoan/OD
Against
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/RTGS NEFTFACILITY
Immediate Funds Transfer
Point of SaleServices
Loan/ODProperty
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Services Fund
AnywhereBanking
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