The Hindu Business Line : States may wield the stick on moneylenders
What a sad and unfortunate development, so soon after the first MFI in India having gone for equity from market. Only after this public issue, the GoI and RBI realised their role to regulate or oversee the working of and funds raising of equity by MFIs. Where is the Financial Inclusion from Commercial Banks? What are the NBFCs doing in this area? Have the RRBs/LABs and Cooperative Banks failed in discharging their responsibility of delivering credit at low rates of interest and on concessional terms to the rural borrowers? Are the farmers committing suicides only on account of high rates of lending by commercial banks or usurious rates by MFIs and Money Lenders?
Monday, October 4, 2010
Sunday, October 3, 2010
Joy of Giving @ TAPMI
The Festival of Joy of Giving was observed last year (2009) with a modest response. This year it seems to have caught up with TAPMIans in a big way. Members of Social Endeavour Group (SEG) took up the cause of helping the inmates of Balaniketan, Udupi and taught them singing, dancing, etc during the week. The Prize Distribution Ceremony was held on October 02, 2010 in MIT auditorium. Good show.
AR Rahman's grand finale - CWG theme song | NDTV.com
AR Rahman's grand finale - CWG theme song NDTV.com
After about three months full of controversies, blame-games, apprehensions, accidents and all that, CWG XIX of 2010 has taken birth on Sunday, the 3rd October. In the last fortnight, the Allahabad High Court (Sept 30) was also making everyone to keep their fingers crossed. And thank God, the suspense is over from Babri Masjid dispute.
Next, was the preparations and infrastructure (quality and completion). All the Indians are feeling relieved and enjoyed the first day - Inauguration by our President - Ms Pratibha Patil and the Prince Charles. And here in the clipping Mr AR Rahman performsn. Interestingly, even his song was also under debate for about a month! Oh, the media hype!!
Last month, I heard a speaker in a public meeting redefining JIT - it is no more the Just In Time but typical Indian efficiency of Jugaad In Time. He was confident that the CWG would certainly be held in a grand manner despite all the above hurdles and apprehensions if not breakdowns or accidents. Indians are capable and competent to showcase their Jugaad talent and demonstrate to the world. That is what exactly happened. All is well that ends well.
After about three months full of controversies, blame-games, apprehensions, accidents and all that, CWG XIX of 2010 has taken birth on Sunday, the 3rd October. In the last fortnight, the Allahabad High Court (Sept 30) was also making everyone to keep their fingers crossed. And thank God, the suspense is over from Babri Masjid dispute.
Next, was the preparations and infrastructure (quality and completion). All the Indians are feeling relieved and enjoyed the first day - Inauguration by our President - Ms Pratibha Patil and the Prince Charles. And here in the clipping Mr AR Rahman performsn. Interestingly, even his song was also under debate for about a month! Oh, the media hype!!
Last month, I heard a speaker in a public meeting redefining JIT - it is no more the Just In Time but typical Indian efficiency of Jugaad In Time. He was confident that the CWG would certainly be held in a grand manner despite all the above hurdles and apprehensions if not breakdowns or accidents. Indians are capable and competent to showcase their Jugaad talent and demonstrate to the world. That is what exactly happened. All is well that ends well.
BOB : Best Bank(er) for 2010
Qudos to BOB for having been choosen the Best Bank for 2010. BOB is Bank of Baroda with highest growth rates in all parameters ahead of SBI, ICICI Bank or any other during the year 2009-2010. And the Banker is none other than its dynamic leader and CMD - Mr MD Mallya. Both deserve our compliments for having accomished to become the toppers. Mallya is after all the one of many successful bankers the South Canara District produced. Complete details can be read in the latest issue of Business Today (fortnightly business magazine) - October 03, 2010.
ICICI Bank opens first retail branch in Singapore
ICICI Bank opens first retail branch in Singapore
It is obvious that after India's no.1 bank, the SBI, a retail branch is opened by the no.2 - the ICICI Bank. For some reasons, ICICI has been hitting the headlines now and then, but this is a welcome development. Recently, a leading business magazine detailed the top-level shake ups in ICICI Bank after KV Kamath handed over the leadership to Ms Chanda Kochar. It is a real challenge to this woman executive to prove her mettle and the womanpower when empowered.
It is obvious that after India's no.1 bank, the SBI, a retail branch is opened by the no.2 - the ICICI Bank. For some reasons, ICICI has been hitting the headlines now and then, but this is a welcome development. Recently, a leading business magazine detailed the top-level shake ups in ICICI Bank after KV Kamath handed over the leadership to Ms Chanda Kochar. It is a real challenge to this woman executive to prove her mettle and the womanpower when empowered.
Weekend with Lions
It was a memorable two-day trip on 2nd and 3rd October to Niddle (Kamath Resorts) near Dharmasthala alongwith my fellow Lions, Lionesses and Lion-Cubs of Manipal Club. We were in all seventeen (six families plus) persons; we engaged a mini-bus for two days to travel / stay overnight as picnic.
On our way, we stopped at the Canara Bank sponsored Artisan Training Centre in Mayura village near Karkala to visit and watch the wooden, stone, mud and metal art works done by the inmates. The participants are from all over India numbering about 70. All facilities like food and shelter are provided free to them free by the CE Kamath Trust. Worth visiting. The Masters of the craft need to complimented.
Reaching Niddle by about 12 noon, we occupied three rooms (shared) and proceeded to Dharmasthala. Thanks to Mr Nagesh Kamath and his contacts, we had a VIP darshan of Lord Manjunatheswara. We had our lunch (prasada) in the temple premises and returned to Resorts. Evening snacks were at Dosa Camp in Niddle. After resting for about two hours, we again moved to Sri Rama Kshetra and visited the temples in the evening. Back to resorts, we had played cards, Dumb Sharrads (with in between singing and dancing too) and a late night dinner before resting at about 11 pm.
Next day morning, we freshened up and had break-fast at Dosa Camp again. Then, we vacated the rooms in Resorts and proceeded to Mangalore. Having reached by 12 noon, we went round the City Centre, a newly opened Shopping Mall. All of us made some purchases and then proceeded to Ocean Pearl to have a cost lunch. Then followed an Ice-Cream session at Natural and returned to Manipal to be at home by 6 pm.
On our way, we stopped at the Canara Bank sponsored Artisan Training Centre in Mayura village near Karkala to visit and watch the wooden, stone, mud and metal art works done by the inmates. The participants are from all over India numbering about 70. All facilities like food and shelter are provided free to them free by the CE Kamath Trust. Worth visiting. The Masters of the craft need to complimented.
Reaching Niddle by about 12 noon, we occupied three rooms (shared) and proceeded to Dharmasthala. Thanks to Mr Nagesh Kamath and his contacts, we had a VIP darshan of Lord Manjunatheswara. We had our lunch (prasada) in the temple premises and returned to Resorts. Evening snacks were at Dosa Camp in Niddle. After resting for about two hours, we again moved to Sri Rama Kshetra and visited the temples in the evening. Back to resorts, we had played cards, Dumb Sharrads (with in between singing and dancing too) and a late night dinner before resting at about 11 pm.
Next day morning, we freshened up and had break-fast at Dosa Camp again. Then, we vacated the rooms in Resorts and proceeded to Mangalore. Having reached by 12 noon, we went round the City Centre, a newly opened Shopping Mall. All of us made some purchases and then proceeded to Ocean Pearl to have a cost lunch. Then followed an Ice-Cream session at Natural and returned to Manipal to be at home by 6 pm.
Friday, October 1, 2010
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