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Excerpt from Monetary Policy Committee Meeting, 19th Dec

No: 14th Attendants: Dr Chetan Ghatge, Professor, Indian Statistical Institute Dr. Pami Dua, Director, Delhi School of Economics Dr. Ravindra H. Dholakia, former Professor, Indian Institute of Management, Ahmedabad Dr. Michael Debabrata Patra, Executive Director Dr. Viral V. Acharya, Deputy Governor in charge of monetary policy Dr. Urjit R. Patel, Governor (Ex) The Monetary Policy Committee has drawn conclusions based on certain surveys which were used as reference for keeping the repo rate unchanged at 6.50%, and retaining the  stance as calibrated tightening considering the global scenario (strenghtening US dollar, slowdown in Crude oil price & rising trade tensions) and domestic macro-economic factors. What were the essential factors there were necessary to decide whether to change the repo rate or not? Well, RBI's MPC has to consider various factors from macro angle to arrive at a point worth deciding whether to change or not and that also include...

Service to the mankind

Today when you got up from the bed in the morning what's the first thing you did? Basically you checked your phone. Mostly these days. And technically what did you do? You brushed your teeth? Absolutely. A small work you did for yourself. A small service. Service to your teeth. A basic maintenance which would help you chewing whatever food items you put inside your mouth. Then you must have taken a bath. Another small service or maintenance to clean up your body. Ideally to stay hygienic or a kind of feeling which you get started in the morning feeling afresh. Perhaps it is mandatory for some before going to school or college or office. All you do is tiny little things of service or maintenance to your body. If we consider the word 'service' it has such a broad understanding in life that seldom we are able to gauge the depth of it. You are a living being. You have a life and you have parents. You have a role in your life.  Either as a son or a daughter or a husband or...

Change (Badlav)

Hello You.  I meant every human being. How is your life going on?  How is your relationship with family or friends or girlfriend/boyfriend working out?  How is the everyday working going on?  How is your ambitious career planning going on? How are you keeping up with your new year resolutions?  What are you contributing to the social cause or for them who are unable afford a one time meal for their own family? What human or individual progress have you made ever since you occupied one seat of life in this planet earth? Lot of questions indeed. But a very few resolute answers without swaying. The answers to these questions you might get at the end of this write up. I want to talk about a few certain changes that we humans need to make in this blessed life. I want to write about extraordinarily bizarre thoughts that occupy my mind irrespective of the situation. Human beings are very comfortable.  It's not done yet.  Human beings are very comfortab...

Sometimes you just wish

Sometimes you just wish... If it weren't true. But that's the inevitable. You have to accept the fact that you have to move on and that is never coming again. You realise that all the memories which you've enjoyed and even faced some bad times during those times, are never coming back. Never. That moment grips you and then you know everything is over. Already. When you are in a relationship you face good times and bad times. All those get packed in a bunch and stay in one corner of your mind forever. Slowly some things fade away from that bunch but most of it remains intact. Every time, every moment you go through is special and is just once. We always seek the other side. The other side always greener and so is grass. But when you end up that side , does it change anything? Does it provide any relief apart from the fact that you ended up where you wanted to. Then you long that you hadn't changed sides. This had me realized that rather than changing sides , we should ...

The Big Break.

The system took around 20 minutes to get started. I was staring at the cursor thinking about my past two and a half months. Was it for real or it was just a good dream that I saw early in the morning? I couldn't believe that. It felt as if it was a dream. One of the best dreams I ever had. Suddenly I realised the system was ready and then I tried to log into CBS ( Core Banking Solutions) but I couldn't. Because my password had expired. Let's get back to the point when did I log in last before it expired. I was deep asleep on June 27th that's when my friend Amit called me up in the morning to break the news regarding RBI's notification. We had decided way back in January that once the notification is out we would just vanish from our office. The right time had come. It was July 3rd when the original notification came out. I booked my ticket the same night for the next day. The only idea that came up in my mind which was ofcourse given by my dad was 'Rheuma...

The imminent threat

"Death is the biggest enemy", rightly said in the last episode of Game of Thrones. More than two weeks have passed places in Bihar, Assam and certain districts of Manipur and Meghalaya are reeling of the fact that they have been inundated with the deluge. Death toll has crossed 200 and the affected ones are in millions, somewhere around 10 million. Consider the staggering number which is certainly a huge one. And still many are marooned somewhere in dark , hungry and waiting for the disaster response force to make way to them. Along with people, the wildlife and the forestland have been affected to a greater extent. Certainly it's a calamity and more of disaster. Flood always has a severe impact to the society. People die, many get displaced, houses are drowned, animals are killed, development is stalled, services get disrupted and in short life is paralysed which cripples the economy. India as a nation is looking forward to be the fastest growing economy in the curre...

The Men in Wine Red.

I'm an ordinary kid like millions, unlike a few thousands who are exceptional. But my love,passion, energy, enthusiasm, craziness for this team is always at the zenith. Few years back untill the structural changes took place in the this Team  I hadn't really supported any team my heart out in this cash rich, glamorous tournament. 2011 was the year when three important players of their own countries were playing in one team. It felt to me like the pieces of puzzle were falling into their own places. Since 2011, I had never stopped supporting for a moment, atleast. If somebody were to ask my "Who's my love?" I'd happily answer with a grin on my cheeks "It's RCB" I have fallen in love with them since 2011. I forget may family, friends or whoever I'm attached to during the game time. As if the world has come to a halt. We lost on many occasions, too many, but we showed what we play for. We showed when we go out we go out all guns blazing, The on...