SHRI SHAKTIKANTA DAS, RBI GOVERNOR :
♛Mr. ShaktiKanta Das 2019 RBI Governor is reported to have said: "...Academic qualification of the head of the central bank is not relevant, but what matters is his/her grip on the economy, general awareness about the issues facing the economy and professional experience..."♝
♛Reserve Bank of India has placed severe restrictions on the Operations of the PMC Bank (Punjab and Maharashtra Co-operative Bank) for a six months period. As per the instructions, PMC Bank's customers cannot withdraw more than Rs.1,000/- per day.♝
♛RBI is reported to have revised the maximum withdrawal limit today 26.9.2019, to Rs. 10,000/-.♝
♛PMC Customers seem to be suffering a lot. I do not know whether Mr. Shaktikanta Das explored the possibility of extending some Overdraft against funds maintained by PMC Bank in its CRR Current account.♝
♛It is also not clear whether RBI has examined the possibility of extending some interim ad hoc loan to PMC Bank against the security of the SLR Securities invested by the PMC Bank. The very object of maintaining CRR Current Account, and the purchase of SLR Securities is to tide over Customer-Runs on Banks when there are some bad news. It is also not clear whether RBI has made available some Repos to the PMC Bank against SLR Securities. ♝
♛If Banks respond to Customer Demands and Customer Runs, in case of BAD news, Banks can retain Public Confidence and Trust in Banks. After the Crises Runs are over, RBI can find an appropriate solution for the Liquidity/Solvency Crises in the Bank. If RBI by placing rigid and severe restrictions on customers' withdrawals (like how it happened during 2016 Demonetisation days), customers lose their Trust not only in Private and Coperative Banks, but also in Public Sector Banks. Loss of Confidence in Banks will raise the Liquidity Preference of the People, and Banks will enter into larger loops and soups. (9926)♝
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I undertake English, Hindi, Telugu language Translations. My labor charges: Ind. Rs. 110 per input page. E-mail input files to y b h a s k at g m a i l .com. No need to phone. 
Some of the documents which I have translated earlier: Sale Deeds, Public Copies of Sale Deeds, Sale Agreements, Lease Agreements, Mortgage Deeds, Land Records such as pahani-chowfasla, 10-1Adangal, Legal Notices, Replies to Legal Notices, Court Decrees, Police FIRs, Inquest Reports, Market Brochures, Employee Standing Orders, Letters to Govt. Departments, Letters received from Govt. Departments, Birth Certificates, Death Certificates, Marks Lists, Ration Cards, Ration Card Name deletion Certificates, Adoption Agreements, Divorce Agreements etc. etc.
Some of the documents which I have translated earlier: Sale Deeds, Public Copies of Sale Deeds, Sale Agreements, Lease Agreements, Mortgage Deeds, Land Records such as pahani-chowfasla, 10-1Adangal, Legal Notices, Replies to Legal Notices, Court Decrees, Police FIRs, Inquest Reports, Market Brochures, Employee Standing Orders, Letters to Govt. Departments, Letters received from Govt. Departments, Birth Certificates, Death Certificates, Marks Lists, Ration Cards, Ration Card Name deletion Certificates, Adoption Agreements, Divorce Agreements etc. etc.MULTIPLE CHOICE QUESTIONS TEST No. 992644
Here is a 10 Multiple Choice Question Test on your favorite subject. Some Qs are actual Examination Questions, ABRIDGED & EDITED for brevity, and to facilitate easier comprehension. Actual Exam. Qs were lengthy and circumlocutive. Qs can be answered online, and score can be checked by clicking ~showprogress~ box at the end of any Q. There are minus marks of 0.25 (quarter mark) for each wrong answer. If any Qs are left out, there will be no change in score. Answers for each Q can also be checked by moving your mouse on the word `mouse` at the end of each Q. You can try and retry any number of times.
CURRENT AFFAIRS & OTHER MUSINGS
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SSHRI SHAKTIKANTA DAS, RBI GOVERNOR :
♛Mr. ShaktiKanta Das 2019 RBI Governor is reported to have said: "...Academic qualification of the head of the central bank is not relevant, but what matters is his/her grip on the economy, general awareness about the issues facing the economy and professional experience..."♝
♛Reserve Bank of India has placed severe restrictions on the Operations of the PMC Bank (Punjab and Maharashtra Co-operative Bank) for a six months period. As per the instructions, PMC Bank's customers cannot withdraw more than Rs.1,000/- per day.♝
♛RBI is reported to have revised the maximum withdrawal limit today 26.9.2019, to Rs. 10,000/-.♝
♛PMC Customers seem to be suffering a lot. I do not know whether Mr. Shaktikanta Das explored the possibility of extending some Overdraft against funds maintained by PMC Bank in its CRR Current account.♝
♛It is also not clear whether RBI has examined the possibility of extending some interim ad hoc loan to PMC Bank against the security of the SLR Securities invested by the PMC Bank. The very object of maintaining CRR Current Account, and the purchase of SLR Securities is to tide over Customer-Runs on Banks when there are some bad news. It is also not clear whether RBI has made available some Repos to the PMC Bank against SLR Securities. ♝
♛If Banks respond to Customer Demands and Customer Runs, in case of BAD NEWS, Banks can retain Public Confidence and Trust in Banks. After the Crises Runs are over, RBI can find an appropriate solution for the Liquidity/Solvency Crises in the Bank. If RBI by placing rigid and severe restrictions on customers' withdrawals (like how it happened during 2016 Demonetisation days), customers lose their Trust not only in Private and Coperative Banks, but also in Public Sector Banks. Loss of Confidence in Banks will raise the Liquidity Preference of the People, and Banks will enter into larger loops and soups. (9926)♝
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EEVMS tamperabilities, views of Mr. Kannan Gopinathan, Resigned IAS Officer :
♛The following newsreport from TelegraphIndia.com is worth reading: https://www.telegraphindia.com/india/paper-machine-chink-in-evm-officer/cid/1707423.♝
♛It gives a bird's eyeview of what is done to Electronic Voting Machines used in India, before they are sent to Polling Stations.♝
♛Mr. Kannan Gopinathan was Returning Officer in Dadra Nagar Haveli Lok Sabha Constituency in the 2019 April Lok Sabha Elections. Hence, his observations may be considered as first hand experiences.♝
♛He is reported to have tweeted: "So, you might remember my spirited defence of EVMs. I still stand by it, except that my first election with VVPAT has taken away my trust. VVPAT has created a hole in the EVM armour & made the process amenable to hacking…"♝
♛Another: "...Unlike before, the Ballot Unit (BU) is not connected to Control Unit (CU — Memory of EVM) directly any more. It is connected through VVPAT. Means what you press on that blue button in the BU is not registering the vote in the CU anymore. But what VVPAT communicates to CU is!...". A spokesperson of ECI has responded to the observations of Shri Gopinathan. We shall take up those things some other time, because some waiting is necessary to view how Shri Gopinathan responds to the ECI's Response. (9926)♝
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EENFORCEMENT DIRECTORATE AND CBI SEEMS TO HAVE BECOME ONE-SIDED PLIABLE TOOLS IN THE HANDS OF RULING PARTY POLITICIANS. :
♛Everybody in India knows that Indian politicians are corrupt from top to bottom. This is irrespective of the Parties they belong to . As Politicians hop from one party to another just as crows fly from one tree to another, there is very little among them to distinguish. ♝
♛The latest in the ED's adventure is: Registering of a case against /or naming Senior Maharashtra NCP Leader and Former Union Minister, Mr. Sharad Powar, in respect of Money Laundering alleged to have been done in Maharashtra State Cooperative Bank.♝
♛One politician commented: "Nearly 75 per cent of those who have taken away the MSCB's monies are now with the BJP-Sena. If the ED claims to be impartial and not working under the government's directions, they should first catch those who siphoned off the bank's funds and now sitting cosy in the ruling party.." ♝
♛ybrao-a-donkey's personal observation: They may be sitting cosy both in Ruling Party and the Opposition Parties. Losers are the People. Reason: Reserve Bank of India has placed restrictions on common people withdrawing more than Rs. 1000/- from the affected MSCB, which has around 150 branches all over the country.♝
♛The question is not whether Mr. Pawar is guilty or not. That, Courts will decide, when proper investigations take place, and Prosecution is done as per Law. The question is why synchronise the booking of Money Laundering Case with Maharashtra Assembly Elections 2019? Why so late? What the Ruling Party is doing between May 2014 and Aug. 2019? (9926)♝
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GGOVERNMENTS SHOULD NOT PUNISH UPRIGHT OFFICIALS :
♛Context: Mr. Surendra Babu, an IPS Officer and the Managing Director of (Residual) Andhra Pradesh State Road Transport Corporation has been abruptly and unceremoniously removed, and has not been given a Posting to join. Mr. Krishna Babu, Principal Secretary, Roads and Buildings was given an Additional Charge.♝
♛Reason is said to be: Mr. Surendra Babu did not yield to the instructions of the Powers that be, to pay a rent of Rs. 60 (approx. $.90) per km. for hiring Private Electronic Buses which are going to be introduced soon. It appears that he was prepared to pay only Rs. 36 (approx. $0.50) per km., in line with the rent paid by the neighboring State Telangana.♝
♛It is not clear why the Government of Residual Andhra Pradesh is in such a hurry. If Mr. Surendra Babu has erred, then the Government should have appointed two independent Committees of COSTING experts to arrive at the basic Fixed Costs + Variable costs + Normal profits of renting an Electronic Bus. ♝
♛Then, the Government should have compared the Reports of the Two Costing Experts Committees to examine similarities and variances. After that it would have become easier to convince Mr. Surendra Babu about the reasonableness of Rs. 36 or Rs. 60 or some via media Rent,per km. ♝
♛I hope that the new Incharge Mr. Krishna Babu will not become a Pliable Tool in the hands of those Powers-that-be. Rulers of Government of Andhra Pradesh whether Politicians or Top Bureaucrats (Chief Secretary etc.) should keep in mind that there will be shortage of Upright Officials, if their morale is affected. Only spoons and stooges will be left out in Command. (9926)♝
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FFATHER OF INDIAN NATION, who? :
♛Mr. Jitendra Singh, the Minister of State in Prime Minister's Office, seems to be in a hurry to respond, when he said "Not proud, Not Indian!♝
♛Context: Mr. Donald Trump, calling the Prime Minister of India 'Father of India'. For historical reasons, Indians regard and revere Mahatma Gandhi, as Father of Nation. For them, Patel was Sardar and Man of Steel. Indian children of those days called Jawaharlal Nehru, Chacha Nehru. They were all builders of Indian Nation, along with hundreds of thousands of Freedom Fighters, whether named or unnamed.♝
♛Trump was Head of one of the Powerful countries of the World, owing to its Financial and Military Prowess. He might have wanted to please the Head of the Government of India, who has supported Trump's 2020 American Presidential Candidature. ♝
♛Indians must always treat these 'praises' made by Heads of States, and Heads of Governments, as just transient bubbles of foam. They are just courtesy remarks with no serious intent in them. Serious intent we can identify only when such remarks are made after deep study, and without 'self-interest' in these extolments. Else, they will become only casual compliments, which will be forgotten once the need with the exalted leader vanishes.♝
♛For instance, earlier American President praised Israeli PM Netanyahu as a Great Leader. Once Netanyahu loses election, or ceases to be Israeli PM, he will become a persona non grata to U.S., till such a time he shows prospects of his getting back to Power. We should not forget between 2002 and 2014 when Mr. Narendra Modi was Chief Minister of Gujarat, US refused to grant him a Visa to enter USA. (9926)♝
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JJUDICIAL AFFAIRS: Resignation of Chief Justice of Madras High Court :
♛As Supreme Court Collegium has rejected the representation of Ms. Vijaya Tahilramani, Chief Justice of Madras High Court, is reported to have decided to resign in protest.
♛If it is the intention of the Collegium that there should be rotation of Judges and Chief Justices between good centers and bad centers, then the Collegium has to design a Transfer Policy of Rotation and adhere to it meticulously. What is the Collegium's Transfer Policy?
♛Mrs. Vijaya Tahilramani is reported to be the Seniormost Chief Justice of all the High Courts. She is reported to have about only 1.5 years of service, for her retirement.
♛Collegium's reply is said to be 'it is not possible to accede to her request'. At least, the ratio decidendi for the decision ought to have been communicated to her, at least confidentially.
♛It is an established Judicial Principle that Transfers cannot be used as disguised punishments. If there are any serious allegations against Justice Vijaya Tahilramani, Supreme Court can inquire into the nature and veracity of the allegations. Thereafter, it can send a Report to the President for further Constitutional Review. Transfer is not a solution.
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TTRUE TOTAL SOCIALISM, compulsory physical labor for all fit persons :
♛True complete Socialism in our society, when introduced in a country, working days can be redesigned, including a proportion of some mental labor and some physical labor for every workman.
♛Exceptions can be made for those who are not bodily fit and are too frail/challenged for physical labor.
♛Drudgeries, slogs, hazardous labor, menial work also needs to be shared.
♛Only poor cannot be made to suffer drudgeries.
♛Wealthy will also benefit from TTS, because they can get their daily quote of their exercise, as a part of their daily work.
♛Wealthy will also be freed from mental stress associated with the management of their wealth. (9934)
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HHOW RIGHT IS ADMIRAL ARUN PRAKASH, RETD. NAVY CHIEF 2004-06! :
♛Admiral Arun Prakash, delivering Prem Bhatia Memorial Lecture at Delhi on 12th Aug. 2019, is reported to have observed:
♛ China is moving ahead in areas like artificial intelligence and robotics and it would be a waste of time if India distracts itself by talking about temples and mosques.
♛For our whole existence as an independent nation, we have seen and suffered from these fissures — linguistic, religious, caste etc. These conflicts have continued throughout our independent existence.
♛What we need to do is to try and tamp them rather than to exploit them... China is talking about artificial intelligence, robotics and machine learning and all that. And if we are going to talk about temples and mosques and so on, then obviously we are going to waste time.
♛Our actual preparation should have been to ward off Chinese pressure. They don't have to fire a bullet. There are many other ways of pushing India. And if we prepare to counter China, then Pakistan would automatically be taken care of. ybrao-a-donkey: How right is Admiral Arun Prakash! (9913)
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JJUNIOR LEADERS OF RULING PARTIES :
♛I get an impression that the Junior Leaders of BJP who are devotees of Shri Narendra Modi seems to be confused.
♛They seem to suffer from numerous visions of Shri Modi in numerous incarnations such as Shivaji, Swami Vivekananda, Sardar Vallabh bhai Patel etc.
♛The BJP Party's General Secretary Shri Ram Madhav alone, seems to have clearly understood the philosophies and practices of the Top Leadership of his Party.
♛Hence, he is so forthright, when he said that his Party was a Political Party and not a Charitable Trust. (99111)
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TTALIBAN -AMERICAN PEACE DEAL worked out after nine rounds of talks, US SECRETARY OF STATE REFUSING TO SIGN :
♛Mr. Mike Pompeo, US Secretary of State, is reported to have refused to sign.
♛Reason, said to have been given by him: It does not guarantee the continued presence of US counter terrorism forces to battle al-Quaeda, the survival of the pro US Government in Kabul, or even an to fighting in Afghanistan.
♛Initiating nine rounds of talks with extreme militant Organisations like Talibans, and working out peace deals with them, make no sense. It goes against common sense.
♛Talibans seem to get their finances from Saudi Arabia. As long as Saudi Arabia supports them, Talibans will not relent for any sort of Peace Deals which go against the very purpose of their existence.
♛Of course, if Mr. Trump is eager for an Afxit so as to show it as his achievement for the 2020 Presidential Campaign , he may force Mike Pompeo to sign some deal with Taliban, and threaten to sack him, if he refuses. (99621).
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CCELEBRITY LOVE STORIES MAKE GOOD MATERIAL FOR MAKING QUICK BUCKS :
♛HarperCollins published a book titled THE MOUNTBATTENS by Mr. Andrew Lownie, priced Rs. 699 for sale in India.
♛In these days of rice selling at Rs. 50 per kg., we can't afford to buy the book by shelling out 14kg. of rice to the Publisher.
♛We can read some book reviews, and excerpts, and voyeurise ourselves.
♛HarperCollins and Mr. Andrew Lownie, might have caught the Indian Readers at the right moment, when the 2019 Indian Rulers are quite eager to find fault with Late Jawaharlal Nehru, the first Prime Minister of India.
♛I get an impression from the Excerpts published in Deccan Chronicle Print Edition, that most of the material used in the book appears to be third hand. When the original letters of Ms. Edwina Mountbatten are published (with whomsoever and wherever they are held in security), truth may, probably, come out. (99827)
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WWASTAGE OF RESOURCES: A Nation which wastes its resources can never prosper! :
♛On 12th Aug. 2019, Retd. Admiral Arun Prakash made some observations on Indians suffering from linguistic, religious, caste fissures, and that we are wasting our time on temples and mosques.
♛Leaving aside Retd. Admiral Arun Prakash's observations on linguistic, religious, caste fissures, even on harmonious days we waste our resources.
♛Lok Manya Bal Gangadhar Tilak is reported to have started the Sarvajanik Ganesh Utsav (Public Ganesh Worship Festival) in 1893. He might have had great intentions and objects of uniting Indians for the purpose of Freedom Struggle.
♛Today, we have no such dire need. Unfortunately, today's Ganesh Festivals have become Exhibitionist, Extremely Expensive, involving leakage of Human endeavors, on events which could have been simpler affairs, with least inconvenience to People.
♛Ganesh festivals have also become Lucrative Businesses for goons and street urchins to collect donations from wealthy bureaucrats, merchants, industrialists, spend a small part of collections on frills, and make such Super Profits which a Normal Manufacturing Unit cannot make even during days of Boom. (9914)
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