Do We really bank our money on banks ?

ATMs are closed. Bank branches were shut down. No body to answer the phone calls of discerning depositor. No I am not talking about a closure of a "nidhi" company or a "finance" company. I am talking about a bank. GTB - Global Trust Bank.

Although, i dont have any direct hands-on experience with GTB, i have seen their branches in chennai. Typical private banking environment, gorgeous women sitting in the helpdesks, politely answering branch manager, private security people, branding of deposits, loans etc everywhere. You get the picture of a professionally running organisation, when you are in.

I am not against private banking. The kind of services & respect these banks give, you can never even think in your wildest dreams in the nationalised banks.(There can always be a debate that they also raise their levels..but still i can see the "typical banking" mentality in many of their branches.) By just adding computers & glass windows, customer relationship wont come into the minds of the nationalised banking employees. It's more do with the change of the attitude.

But the hard real fact is out. The have given "misleading" information in their balance sheet. If the same thing has been done by you & me, that is called "forgery". RBI today announces, that the depositors need not worry about their money, and with the news, that the bank will be merged with the Oriental Bank of Commerce or OBC. Whether they merge with the OBC or another bank which is going to take over them is the secondary questions in the mind of the depositor.

This fundamentally raises a lot of questions. All banks both public & private will go under the directives of RBI in India. In such case, how can a bank goes standstill (the RBI says, that GTB is not bankrupt, but dont have enough money to run their capital business) within the restrictions of RBI.

For some of you with short memory, in the Vajpayee government, there were a few Gujrati & Rajastani Co-operative banks went bankrupt. The TV channel shows, tensioned depositors outside the ATMs of GTB and as a routine, there are many real stories about the requirement of money and their plans for their own deposits.

RBI announced that upto 10,000 can be withdrawn from the bank. What if someone has deposited money for their forthcoming monsoon or a marriage or child education. Where is Rs.10,000 for that huge requirement.

Back to the point of GTB, I have a few questions.

1. Why is RBI hasn't taken any strict decision when they know, that GTB provides misleading & inapporiate information ?
2. When the bank knows that they are going to face the doom, why the GTB board hasn't taken any radical decision to correct themselves ?
3. Is the private banking in India has its first ugly showcase ?
4. Are private bankers makes "real money" considering the amount of schemes, loans and the interest rate war they are into ?
5. What is the legal gurantee for a depositor, who is having a relationship with the bank?
6. Why is the GTB board members haven't been arrested yet ?
7. What sort of psychological compensation RBI will provide for the depositors, who has physical ailments with that shocking news?
8. In a country, where the festivals start from August with a monsoon ahead, how much money is locked inside GTB, which can actually make a productive investment?

finally, as an irony, Global trust has lost its trust from their customers.

Globalisation is good, but at the same time, we need to look at the small investor who saves money for his future. Dont' forget India has a strong middle class family background country. In a few months, this issue may go out of the public memory, but we need to learn a lesson from this is that, there is nothing concrete in this world and always be agile to face the unexpected.

on my Headphone

back from bangalore...things are on..kodumai ....90 kuzhanthaikal kurki iranthathu..but the matter i am going to about is not that...
 
 
what's running on your headfone ?
 
My latest collections & worth listening
 
Ithu Porkalama - 7G rainbow colony
Mazhai Mazhai - Ullam Ketkumae
Arjunaru villu - Gilli
Nenjam Ellam - Ayutha Ezhuthu
Annakilli nee  - 4 students
Lajaavathiyee - 4 students
Ooola lai....Ullam Ketkumae
Kanavu kanum - 7G rainbow colony
Pool pol - Minnale
 
and just reading about how mani rathnam ayutha ezhuthu kathaya Mexican padathularnthu suttaru nu (Mexican film is called as  "Amores Parras - thamizhil ayutha ezhuthu )
 
Offlate, i m listening to good songs...watch out for songs from "challamae" - Harris jayaraj....trailor pathen...worth a songs to download.....
 
 

Social Isolation

This is not a post Godhra turn out nor we live in pre-1947, this is a heart boiling news happens in India.

"For the 40-odd Muslim households in Mankni, a small farming village nearly 70 km from Vadodara, life has changed irrevocably over the last month. Their fields lie untilled, no customers venture near their shops and other communities in the village boycott them for risk of a Rs 200 fine.

Sanjay Patel and Abdul Mansuri were friends and, residents of the village say, partners in the ‘satta’ trade. After a tiff over a deal, Sanjay was found murdered in a field on June 3. Abdul has since been arrested and faces charges of murder, but it's the Muslim villagers who have been sentenced to a life of isolation. Abdul's family has already shifted out of the village.

``Any villager who speaks to a Muslim or buys anything from us is fined Rs 200,'' says Sikandarbhai, a village elder.

For milk-seller and flour mill operator Rabiya Khatri, whose family is the only Muslim one on a Hindu street, there are no buyers for the milk or orders for the mill. ``The entire village is not bad, but there are a handful who have threatened all the residents. My daily help was also threatened,'' says Rabiya.

The complaint to the DSP about the boycott has also not gone down well. ``They are spoiling the name of our village. They were not harmed during the Godhra riots,'' says the sarpanch, who alleges that the trouble had been stoked not by Hindus from Mankni but outsiders.

Finally, he admits: ``We don't want to talk to them (Muslims) or have anything to do with them.''

Meanwhile, Vadodara DSP Siddharth Khatri says he has ordered a probe into the incident and expects a report within seven days. ``An official of the DySP rank and other officials have been trying for a compromise. It will take some time, hopefully everything will be alright soon,'' he says."

Full news here: Here, speaking to a Muslim means a Rs 200 fine

This is India mere jaan...this is India.. thank your stars & god and if u r a atheist like many of us, thank the social integrity in the south.

Conspiracy: Is Nehru killed the BJP Founder?

From the days of our freedom, Nehru is one of the most conspired personality in the indian history.

He was rumoured to have affairs with Lady Mountbatten and "maintained" M.S. Subbulaxmi, the great Carnatic legend and has many affairs with leading women personalities of his time.

This goes beyond that.

"Former prime minister Atal Bihari Vajpayee claimed on Tuesday, July 6, that Bharatiya Jana Sangh founder Syama Prasad Mookerjee had been killed in 1952 following a conspiracy hatched by the central government led by Jawaharlal Nehru and the Jammu and Kashmir government led by Sheikh Mohammad Abdullah.

Talking about his association with Mookerjee and the days when the Jana Sangh leader took up cudgels against the rule requiring a permit to enter Jammu and Kashmir, Vajpayee said his efforts and 'sacrifice' had ensured that the state was not separated from the country.

The Bharatiya Janata Party politician was speaking at a function organised to commemorate Mookerjee's 103rd birth anniversary at the BJP headquarters in New Delhi.

"When Mookerjee decided to violate the permit rule by entering J&K without a permit, we thought the Punjab government would arrest him and prevent him from proceeding further," Vajpayee, who was accompanying the Jana Sangh leader as a journalist, recalled. "However, that did not happen. Later we came to know that the J&K government and the Nehru government had entered into a conspiracy as per which it was decided that Mookerjee would be allowed to enter J&K, but not allowed to leave."

Vajpayee claimed that Nehru's government entered into the conspiracy as it feared that if Mookerjee was not allowed to enter Jammu and Kashmir, questions would be raised about the state's integration with the rest of the country. "The J&K government was told that he should not be allowed to come back," he claimed. That was why, he said, Mookerjee was "deliberately arrested" only after entering Jammu and Kashmir.

Mookerjee was kept under house arrest in Srinagar, where he died.

Vajpayee and former deputy prime minister Lal Kishenchand Advani also attacked Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi for not attending a function to pay tribute to their mentor in Parliament House.

"They displayed their cultural attitude and mentality by not attending the function in the Central Hall of Parliament," Vajpayee said. But he added, "We need not care whether they attended the function or not."

Advani noted that Speaker Somnath Chatterjee participated in the function, but "no one from the government" attended.

Gandhi usually attends such programmes, he said, "but she probably did not attend this time for the same reason [of ideological differences] that [Union Home Minister] Shivraj Patil cited for the removal of four governors with RSS backgrounds."

Advani advised that ideological differences should not become obstacles in such matters and recalled how he had gone to Kerala to attend E M S Namboodiripad's funeral a day after the Vajpayee government assumed charge in 1998 despite the Marxist veteran having been a trenchant critic of the RSS and the BJP.

BJP president M Venkaiah Naidu termed the absence of Singh and Gandhi at the function as "unfortunate" and claimed that Mookerjee had been a victim of "distortion of Indian history by Congress and Communists".

oxfard goez desi style

As expected, Oxford dictionary 2004 edition, an authority in the so called "angrezi" language has added more Indian words this time too. What's surprising this time is the words added are more or less oriented towards government or political. Here is the list....assume a situation, if every indian word (hindi, bengali, marati, tamil) is metamorphised into english means, every one can speak english and we have better BPOs :-):):):):)

Hindutva -- very strong sense of Hindu identity, seeking the creation of a Hindu state

Swadeshi -- manufactured goods made in India from Indian-produced materials

Dharna, A mode of compelling payment or compliance, by sitting at the debtor's or offender's door until the demand is complied with.

Chota -- Small or unimportant.

Badmash -- A dishonest or unprincipled man.

Izzat -- Honour, reputation, or prestige.

Shabash -- Well done!

Tamasha -- A grand show, performance, or celebration, especially one involving dance.

Jaati -- A caste or division of a caste.

Yaar -- A friendly form of address.

Yatra -- A procession or pilgrimage, especially one with a religious purpose.

But Indians, the world's largest population of non-native English speakers, have also inadvertently contributed many an 'angrezi' word.

Here is a glimpse, batchmate (classmate), corporator (an elected member of a municipal corporation), eveninger (an evening newspaper), history-sheeter (person with a criminal record), peg (measure of spirits), prepone (bring forward to an earlier date or time), sixer (a cricket hit for six runs), tank (reservoir), tiffin (snack) and undertrial (person on trial in a court of law).

Full news on MSN.CO.IN

Vijayakanth - is another MGR in the making?

Rajini oru mokkai. He dont have any voice. Well those two statements are not made by me. But it is the statement came out of the hard real fact, which the TN people have given him in the recent elections. In a recent turnaround, PMK, has raised issues against Vijayakanth ("Captain").

Is Viji is far superior than Rajini? Is Viji has the votebank & administrative capabilities than other cine actors?

Consider these following facts.

1. Under vijaykanth's leadership only the "The SouthIndian Actors Guild's" loans have been repaid. That too with the hard negotiations with the banks and he has settled loans of roughly 6-7 crores under various heads, by organising star nites, where even Kamal & Rajini participated.

2. He is the main person behind, taking a rally to Neyveli, for Cauvery river, in spite of jiginas done by Rajini & emotional outcry of Bhartiraja against rajini.

3. Unlike Rajini, Vijaykanth has invested money in education, health, kalyana madapam and other areas, where till date we havent' come across big administrative or operational issues.

4. Most importanly, Rajini is pro hindutva & pro BJP. Viji has in no. of interviews said about that being brought up by a congressman family background and even organised a function for Kalanigar against JJ's wish. He is stubborn & at the same time, works with all parties.

5. Gnani has written a deep insightful article on vijayakanth and his political moves...Is viji is another Rajini?

6. When Sivaji Ganesan's funeral was carried, Vijayakanth along with Sarath, Napolean & Vadivelu are the forerunners in organising & managing the entire session, without having a single problem. His leadership capabilities are developed on ground and not on listening to any fancy samiyar's ashram's tape.

7. There is a dialogue in Boyz movie utterd by Senthil " Mattiyanam 1 maikku vijayakanth sir office-la sappadu poduvanga". Unlike, Rajini, viji never practises "joke simplicity" and genuinely does things for the needed.

8. Unlike Rajini, Viji has done a lot of films with lot of newcomers & first time directors & Film Institute students. He like new ideas & having no problem in working with fresh, energetic, new comers. Rajini, on the other hand, will call or talk to someone if they have given 2-3 hit films. The penchant for risk taking in Rajini is nil.

9. In the last counsellor elections, somewhere about 30-60 rasikar mandra heads have contested & won in and around madurai for Viji. With them, Viji get to know about the issues being faced at a municipality level.

Last but not the least, unlike Rajini, vijayakanth never has a season ticket for himalayas or any ashrams when there are issues to be sorted out.

Personally, we need an alternative from DMK, ADMK, Congress, BJP and others atleast in TN.

Accountability

I have read about this organisation exactly a year back in one of the business (world or today or week ?!!!) magazines. What is intriguing in this is they have not only made a corporation (rather a municipal) accountable for the work, but created a mindset among every worker that "the salary you take (Govt employees)is actually the salary paid by the public".

Excerpt from the article

"Swathi and Ramesh Ramanathan are not your typical dyed-in-khadi kind of development activists. In fact, if you didn't know that they were the catalysts for one of the biggest changes in the working of any local Government in the world, you would think they were simple corporate citizens committed to their respective professions. "Sometimes we feel it's good not to come from the development sector," says Swathi who along with her husband Ramesh conceived of, gave birth to and nurtured Janaagraha, a participatory Government movement in Bangalore. Thanks to Janaagraha, the Bangalore Mahangara Palike (BMP), the city's corporation, is perhaps the only Government body in the world that has been presenting its financial performance to its citizens every quarter, just like any corporate would. "

Full article here - Accountability mantra - Why Govt. departments needs to furnish quarter by quarter performance reports.

The Drama Begins - Act I - Scene I - directed by CIA & Bush Admin.

Welcome to the biggest stage in the world.

The Drama begins. Saddam has been brought into "his land of law". Every TV channel worth its beaming capacity, beamed images of Saddam sitting in the court and invariably tickered his few now, famouse sayings.

"It is all like a theatre."
"Bush is the real criminal"
"I am still the president of Iraq"

BBC says, Saddam was taken into a trial in a secret place (??!!!)

Now, the American drama begins. Why Saddam is brought inside Iraq now? When US & UK top level officials openly admitted that there are no WMD or chemical warfare evidance found in Iraq, Why Saddam is being prosecuted?

The US aka Iraq govt's some of the chargesheet against Saddam are the following:

Invasion of Kuwait in the 90's
Ethinic cleansing of shia muslims & Kurds.
Gassing the villages of Kurds for mass genocide.

Take each charge and try to decipher the real meaning, you end up with making Saddam a deadly criminal & US captured that criminal to put an end to the "war of terror". That's the message the US & UK wants to propogate world over. Remember, before this year end, US will face election. The Bush administration is clueless in convincing people for a revoting. The same Bush came to the power thru the backdoor seat when he was elected and the results lasts more than 3 months to announce. Such was the real state of affairs in US.

I happened to saw the interview of Mr. Saeed Naqvi, one of the senior journalist of indian origin who was there inside iraq on both the occastions...gulf war & war on terror, pre war, on war and post war. He has cleared outlined the present legal discomforts in punishing Saddam with the existing laws of Iraq. Also, Saddam was taken inside Iraq as "Prisoner of War" status. The Prisoner of War status entitles the accused to be handled before the UN representative. There are no UN reps inside Iraq today. Also, Saddam refused to sign the court documents, which in turn leads to push Saddam to sign the document. If Saddam even signs the document, it is the prosecution's duty is to prove all the allegations filed on him with documental evidance, which with today's situation, US & Iraqi representive of US govt. dont have.

Al Jazeera beamed crying women & men for Saddam's trial. If Saddam with the US way of saying is a criminal, why is the US military forces still getting bombed welcome note. Why there are daily occurances of bombing, shooting, beheading, suicide attacks, killing of solidiers.

The plot is clear. US Govt, viz, Bush, wants to tell the world, that they are not power hungry nation. They gave soverginity status to Iraq and the "forces are kept there to maintain peace". They wanted to tell the world, that they have surrendered Saddam to the same nation and to provide a transperant decision on his actions. They are clean & peace loving folks, who wanted to maintain "global peace" & "level playing field" under their guns.

The death penalty was applied in Iraq but was abolished by the US-led occupation's administrator, Paul Bremer, last year. Many Iraqi government members now want it back in time for Saddam Hussein’s trial, purely because of the fear, if he is been left alive, they will be killed by Saddam's followers.

Slightly unconnected but conspiracies speaks about the resignation of some of the top officials in CIA recently. Also, there are speculation, Saddam was kept in US custody for months to negotiate deals with the Bush administration. With the father of the present President is a business partner & political helping hand of Saddam, US dont want to leave Saddam, before he inks the deal. With the complications in the Iraqi law, and the uncertainty of the "interiem Iraqi" government, the trial will go on....and on...and on till the US elections are get over.

Legal chaos surrounds Saddam's trial

Saddam trial may help Bush re-election bid


An excerpt from the news of Aljazeera on the morning session of trail of Saddam

"What we're seeing now is nothing more than propaganda. This is for Bush's sake, for the sake of the American elections. This doesn't have anything to do with justice for Iraqis."

"At least Saddam provided us with security. We have seen nothing good from the Americans," he said, commenting on the deteriorating security situation.

"We had a better life during Saddam era," said Falih, who works at the Ramadi Education Directorate. "We want a fair trial where Saddam can speak and defend himself against the fabricated charges filed against him. Saddam used to punish only the bad people who used to destabilise the country."

Full report read here :: Iraqis offer mixed take on Saddam trial


Then US will take a different approach in handling Saddam, till such time, watch the best enacted, large state, multi-billion dollar SOAP