Your future is in your hands

Independence in decision making is directly related to financial independence which can only be achieved by systematic financial planning.  Financial freedom and ownership of one’s resources is priceless and goes far beyond the monetary value it presents. Managing  money is a prerequisite for financial comfort. Irrespective of the economic strata, every woman should have means to support herself. Each woman has to learn and make an effort to go beyond routine work and embark on the journey of updating herself on the options available for securing future of her and her family.

Bangalore: oasis to chaos

Early last century and even after Independence the Garden City was the cynosure of all who came. Even up to late 1970s. I still remember vividly taking the Singapore planners around and see the way they admired and hoped to make their then crowded city into a Bangalore.

A Critical Weakness

The power sector now looks good. There is a surplus. Village electrification is getting completed. All households could get electrified within two years. Renewable sources of electricity are becoming cheaper and competitive. Last year renewable energy capacity that was added exceeded that of conventional thermal power.

The fiasco called JNU

It would seem to the lay public, that a handful of students and teachers, are standing up against the RSS run administration. It is the constantly illegal amendment of the statutes of JNU, by the current vice chancellor, professor Jagadesh Kumar, which is causing daily anxiety and consternation. The protests against his Machiavellian policies have been going on for two years now. The reason is simple: JNU was a laboratory for learning, and students and teachers have a long history of treating one another as citizens of a free country.

Every drop counts

The Supreme Court has delivered its verdict on the sharing of Cauvery water by Karnataka and Tamil Nadu. Tamil Nadu’s share has been reduced and this has caused great disappointment. While Tamil Nadu and Karnataka continue their conversation on sharing of Cauvery water, it would be useful to take advantage of the important recommendation made by the Supreme Court for establishing a Cauvery management board speedily. This board should include eminent water technologists and agriculture specialists.

In a child’s name

Child abduction by warring parents is rampant in today’s global village. And, when it comes to a custody battle for the children, both parties hit out with a vengeance in the name of a child’s paramount interest.

A parent disobeys a foreign court’s order prohibiting a child from being taken out of the country and flees to India in the hope that the motherland’s courts will cater to the mother’s instinct of love and affection and prevail over the niceties of law. Figures show it works.

Westward Ho!

Recently there has been a lot that has been spoken about US immigration policies. America is one of the biggest economies globally and clearly an attractive country for Indians who wish to migrate to the land of opportunities. There are various factors which make America an attractive option to migrate for Indians; better education, higher standard of living, better lifestyle and more.

A collective failure

Globally banks recognise letters of credit “LCs”, which are governed by Uniform Customs and Practice for Documentary Credits “UCP 600” or by Guarantees. Letter of undertaking “LU” in the context of NM fraud is being used in India.

Can a single employee of the bank or few of them repeatedly abuse the system and play a fraud like the case in hand is a difficult proposition to digest. Let’s analyse.

Customer is given fund based and non-fund based facilities by the bank

Non fund facilities include guarantees, letters of credit, letter of undertaking, etc

Walk the Tightrope

The RBI framework, having the force of law, implements a generic stressed loans resolution mechanism, congruent with the IBC. Additionally, it addresses the following maladies that caused the accumulation of these bad loans... 

Mirror room to discover the divinity within

Fr Varghese Alengaden is an extraordinary Catholic priest from Indore, who has been quietly revolutionising the Catholic Church in the country. Perhaps, he is the only Catholic priest ordained for the Sagar Diocese in Madhya Pradesh has been allowed to live and work outside his diocese. A diocese is an area comprising of some districts in a state which come under the jurisdiction of a bishop, archbishop and cardinal for the spiritual welfare of the faithful. Alengaden has this privilege because he is no ordinary priest.