imageWhat a blessed country USA is ? I could visit only four states Newyork, New Jerssey, Pennsylvania and Philldelphia during the eight weeks holidaying with my family based in Piscataway, New Jerssey but the picturseque locations , vibrant culture ,carefree mood, disciplined driving, Hello Hi How are you wishes by the smiling strangers, visibility of Police personnel only in case of emergency for helping the administration and relaxed attitude of the people  will be long remembered . The nature has been very kind with bounty of greenery, natural lakes, water falls and what not— for the citizens to enjoy. Yes the summers are very pleasant as compared to our country where sun shines brightly during the summers and the scorching sunlight keeps us indoors sweating in humid conditions.

Chipotla, the maxican food seems very close to our own food and can be savoured easily like “CHAWAL-RAJ MAAH” but the Bhutta (Chhalli) ==Corn Cob at Time Square was absolutely yummy and out of the world. While visiting the big stores, Malls or public places,the counter staff looked very professional but cooperative seeking so much information while taking your orders for meals. Yes the scenes picturised in New York for the film ENGLISH VINGLISH where Sri Devi, the Heroine gets upset with such situations came suddenly to my mind while confronting the sales girl seeking my order for Chipotala and water in New York. I had to answer about ten questions for getting my order in hand, thanks to intervention by my daughter. Trains and local taxis supplement the transport requirement of the commuters but most of the people have their own cars plying on very smooth roads. The local bus, auto rickshaw, kali pili taxi were of course missed .

The stage is getting set for the Presidential elections in 2016 but while travelling no passenger seemed interested  and discussing politics unlike our country where  even the state elections will generate tremendous anxiety and herds of people can be found discussing all finer points of elections even in the offices, buses, trains and of course at Pan wala Shops. The feared winter has started knocking with autumn setting in and  most of the trees have started bearing leafs from green, yellow to red.  Those red leafs of Maple trees have started falling down creating beautiful scene of Amitabh Bachhan block buster starrer Mohabbaten .The temperature is going to fall to sub zero levels soon saying good bye to summer season of about four months but I am proceeding to Sydney to enjoy one more summer of the season next month


Banking Transformation

Digital Stock exchange panel

Banking is defined as the accepting purpose of lending or investment of deposits, money from the public, repayable on demand or otherwise and withdrawable by cheque, draft, order or otherwise. This definition is given in Indian Banking Regulation Act (1949) and from this definition, we can say that a bank has two main features: (1) the bank accepts deposits of money which are withdrawable by cheques, (2) the bank uses the deposits for lending.

Having seen the Banking operations from very close quarters, I can easily vouch that the definition has not only changed its contents but the application part too. Its not only the Loans but the banks have been forced to sell various other products to keep afloat due to the shrinking margins over the years. Increasing NPAs have also played its role in shortening the bottom line of most of the Banks.Bank Assurance term has been added to sell Insurance policies of the Insurance Companies, Distributor for selling Mutual Funds of the AMC

issuance of Drafts, Telegraphic Transfers, Bankers Cheque and Internal Transfer of funds has been replaced by NEFT/RTGS and Online banking . Advent of private banking has transformed the concept and role of Banks altogether as the mass  banking has been replaced by personal and class banking by the Private/Foreign Banks in India. Gone are the days when the customers had to wait for disposal of their credit requirement requests for months altogether. Rather, its the customer who has the customised sanctions/approvals on his platter before submitting the Loan proposal. The Bank officer feels privileged on

In view of several developments in the 1990s, the entire banking products structure has undergone a major change. As part of the economic reforms, banking industry has been deregulated and made competitive. New players have added to the competition. IT revolution has made it possible to provide ease and flexibility in operations to customers. Rapid strides in information technology have, in fact, redefined the role and structure of banking in India. Further, due to exposure to global trends after Information explosion led by Internet, customers – both Individuals and Corporates – are now demanding better services with more products from their banks. Financial market has turned into a buyer’s market. Banks are also changing with time and are trying to become one-stop financial supermarkets. Market focus is shifting from mass banking products to class banking with introduction of value added and customised products.



FEELING A PROUD INDIAN IN USA:-News Item as appeared in Rediffmail

5 Indians among Fortune’s influential young people in business

Fortune’s 40 under 40 list for this year was topped by Adam Neuman.

Dhivya Suryadevara, CEO, GM Asset Management. Dhivya Surayadevera was ranked 4th among most influential people in business. Photograph, courtesy: General Motors

 Vas Narasimhan, ‎Global Head, Development at Novartis Pharmaceuticals. Photograph, courtesy: Novartis

Anand Swaminathan, ranked 18th, is Accenture’s youngest-ever global leadership council member and runs its fastest-growing business.

Apoorva Mehta, ranked 23rd, is the Founder and CEO of Instacart that operates in 17 cities, partners with Whole Foods and Costco, and holds a USD 2 billion valuation.

Reshma Saujani, was ranked 39, is the founder of the tech organization Girls Who Code, to help under-served girls gain the skills to pursue careers in technology and engineering.

Philanthropy– A Cause

Mother Teresa

( THE FACE SAYS IT ALL–A Picture of Love,Care, Compassion and eternal peace)

# 10 “If you judge people, you have no time to love them.”

Wow. This one hits home. We  all too often (me included) would prefer to pick apart why we can’t help someone rather than treat them with unconditional love and kindness.

#9  “Life is an opportunity, benefit from it.
Life is beauty, admire it.
Life is a dream, realize it.
Life is a challenge, meet it.
Life is a duty, complete it.
Life is a game, play it.
Life is a promise, fulfill it.
Life is sorrow, overcome it.
Life is a song, sing it.
Life is a struggle, accept it.
Life is a tragedy, confront it.
Life is an adventure, dare it.
Life is luck, make it.
Life is too precious, do not destroy it.
Life is life, fight for it.”

Markets–Red Again

I have seen hundreds of eyes glued to the TV sets or the big sight screens outside the stock exchange buildings in anticipation of some good news about their investments for getting them closer to their over ambitious goals. Some would prefer to try their hands on Intra day transactions by skipping their official obligations and look for covering the accumulated losses in the hope of getting the right call one day. I have never recommended investments in stock markets for the shorter version as such maneuver is the most risky transaction where probability of loss is beyond repairs and scope of a small investor.

The markets were in great expectations due to the much publicized Fed Rate revision last week but as has always been, the over hyped decisions hardly get materialized. It happened again as the Fed Reserve preferred to keep the rates unchanged and the markets have kept shaking like the earth has the tendency after getting a +7richter scale earthquake. Yes the tremors have been shaking the confidence of investors globally with long red curves in the stock markets. The Sensex was tanked by over 500 points on Tuesday and the position is not different with DOW either as the USA markets have also shown nervous trends since morning.  Chinese economic growth is pegged at 6.8% and the contemplated movement of economic reforms by the Chinese Premier may have far reaching impacts on the overall scenario. Investors are not feeling comfortable for the time being but they need to be patient as the stable minds gets the best results. Any premature withdrawals at this juncture is certainly going to accrue and aggravate the situation.

Gerokreuz_full_20050903 (1)

Having visited a number of countries earlier and now on a visit to the biggest democracy in the world, I feel privileged to see the growth, discipline and almost zero inflation with my own eyes to believe. Yes the discipline and system seems to be in air as even the visitors from other countries get along the system with ease apprehending strict action in terms of prevailing stricter laws. A driver will think twice before jumping  the red light signal even during the late hours when there is very sparse crowd and low traffic movement. People appear to be very honest with their straight forward observations and it was  good to see that Ratings provided by the customers about any  product they use are in fact fair/democratic and unbiased .

Last week, happened to buy a car from a private auto dealer running pre owned car business from his home . The dealer was ready to negotiate on the base value but I was surprised to see his stance on payment of sales tax and other dues on the settled basic price. He was straight on about the sales tax payable on the deal which provided me clue to a very strong system prevailing in the country where you can not think of avoiding the Govt. dues. It took only ten minutes for registration of Car and another ten minutes for inspection of the vehicle, which was conducted through scanners.  Well, no hesitation in admitting the fact that in such cases back home, the first thing to sacrifice is usually the tax/stamp duty and other such taxes payable to the Govt.  Cant such a small gesture of paying the Govt dues be exercised by all and sundry.  This small initiative will not only cleanse the system but our souls also. We expect others to clean the roads but will take pride in throwing garbage in front of our own  houses.

I am neither the first and certainly nor going to be the last Indian to visit USA but what makes one perturbed is the lack of sincere efforts by the officials/dignatories who frequent foreign countries on official visits along with their families on one pretext or the other at the cost of Govt exchequer. A country which produces the best IT brains to head the world renowned companies certainly needs a system in place to make them stay in India.

we have shown the economic might of our country in 2009 when even the major economies  had suffered hugely with a number of Leading Banks going bankrupt. The policies of RBI/Govt were appreciated by one and all. Certainly we can achieve anything with our resolve & commitment and I wish this happens during my life time!!!


Under the Dublin Regulation, if a person that had filed for asylum in one EU country illegally crosses borders to another country, they shall be returned to the former. During the 2015 European migrant crisis, Hungary became overburdened by asylum applications to the point that it stopped on 23 June 2015 receiving back its applicants who later crossed the borders to other EU countries and were detained there. On 24 August 2015, Germany decided to suspend the Dublin Regulation as regards Syrian refugees and to process their asylum applications directly. On 2 September 2015, the Czech Republic also decided to defy the Dublin Regulation and to offer Syrian refugees who have already applied for asylum in other EU countries and who reach the country to either have their application processed in the Czech Republic (i.e. get asylum there) or to continue their journey elsewhere


Its for the first time that almost all countries have decided to accommodate refugees fleecing their country due to civil war between the irresponsible Govt, the Rebels, and the Islamic Extremists since 2011. Lacs of citizens have been rendered homeless and millions of children losing hopes of proper education and health. The exercise being undertaken by various countries speaks of the humanitarian concern of one community towards other in crisis. We all agree that that this is man made crisis which could have been avoided due to timely and sanely intervention of the people responsible for running the country.


Perhaps not?? We are spending millions and trillions on wars, fighting terrorism and resettlement of refugees over the years but hardly find sufficient time to sit and find solutions to trust each other for the sake of humanity. Is it not the right time to pool all our resources for contemplating measures which may provide solutions to the problems escalating into grave situation like Syria Refugees in future.