MY VIEWS IN TIMES OF INDIA ON SAVE GANGA & ON CASINO BANKING

Comments of MILAN K SINHA (PATNA) in
The Times Of India dt.18.11.12 at 07:48 PM

Dear Reader,
Your comment on the article ''Subbarao against 'casino banking'' is now displayed on timesofindia.com.

''The RBI Governor is absolutely right in his assertion. Our country is different from any other country having unique opportunities and problems. Hence, we can't afford to look for a copy - paste solution. Banking has been a major instrument of social - economic change in our country and it has to consolidate its position to remain healthy in real terms and ensure inclusive growth to serve the Indian society at large. We all know that the major reforms in Indian Banking space, of course after nationalisation of 14 Banks in 1969, was based on the recommendation of Narasimhan Committee (1991). Important initiatives, such as putting in place the concept of new accounting & prudential norms relating to Income Recognition, Provisioning and Capital adequacy in line with international banking practices, were taken. The norms for entry of private & foreign banks were also relaxed. Consequently, a paradigm shift in the functioning of Indian banks started taking place thereby necessitating adoption of technology as the main enabler of tomorrow's banking. Naturally, the entry of new generation private & foreign banks in the Indian banking market with the state-of - art technology, compelled the PSU banks also to fall in line to take care of efficient management of its liabilities, assets, capital and ever growing risks. But, while appreciating the gains of Indian Banks in general during these years, there are many avoidable disconnects between promises and actual delivery of product & services to the growing number of more aware customers of today. So, when the process of issuing new licenses is being looked into, it is also time to pause, ponder & review the areas of disconnects & serious concerns, including NPA management for better banking in coming days.''

Thanks for sharing your thoughts, and keep up the good work!
Regards,Team TOI

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Comments of MILAN K SINHA in 
The Times Of India dt.18.10.12

Dear Reader,
Your comment on the article ''Save the Ganga: Failure to preserve the river will undermine India's future industrial growth'' is now displayed on timesofindia.com.

''The story is a real eye opener. For that matter all our rivers including Yamuna , Brahmaputra, Mahanadi to name a few are very polluted as sewage, trash,food,animal remains & industrial wastes containing toxic chemicals are dumped in large quantities. The pathetic state of huge population suffering from water borne diseases are seen to be believed particularly those living in rural areas along the banks of these rivers.Various water borne diseases affect them most resulting in large number of deaths every year. To say, water borne diseases, Diarrhoea, Cholera, Malaria, Japanese Encephalitis & Filariasis, cause more than 18 lac deaths annually. Moreover, due to ground water contamination as a result of interaction between ground water & unclean surface water, situation has become further grave. It is interesting and worth noting (for our planners & Govt. functionaries at least) that the overall cost of making provision of clean drinkable water to one & all in the country is lesser than cost on providing the multiple heath related benefits in this regard. In nutshell, to control this growing menace of water pollution, urgent corrective measures are required to be taken on highest priority by all concerned in an integrated & concerted manner for ensuring both industrialisation as well as cleaner environment including our rivers.''

Thanks for sharing your thoughts, and keep up the good work!
Regards,Team TOI
                                                    Will meet again with Open Mind. All the Best.