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Financial Oversight

Prof Ashima Goel's article in Business line 12-Aug- 2010 " wrong Tack on Financial Oversight " brings to the fore two important ailments of India Culture Today- 1. Not learning from Others Experience - i.e Global Economic Crisis 2. Efforts of politicians to spread their tentacles wherever they smell money or threat to their manupulative power. That is what the effort is by Union Finance Minister in forming Financial stsbility and development Council ( FSDC). As author has rightly pointed out Co-Ordination Committee is what is the need of the hour. Hats off to Madam ASHIMA

Work & worship

The lotus leaf is born under water and it floats on water, but it does not get wet. You too must be in the world likewise—in it, by it, for it, but not of it. The the special feature of Vidya (higher education) is to prepare you for this role. That is to say, with the heart immersed in the Divine and the hands busy in work, you must live thus on earth. Love should not degenerate into an article of commerce. Love fulfils itself in Love. - Vidya Vahini, Chap 13.

Responsive to Change is most important quality for growth

It's not the strongest of the species that survive, nor the most intelligent, but those that are the most responsive to change – Charles Darwin

Welcome to Playgound of God

As Sages have us believe for ages that there is some force behind this beautiful world of OURs. The systematic movement of millions of Stars,planets in the cosmos, timely sunshine and Rains, Billions of Numbers of Life on this earth makes us a very tiny creature ,one among billions. Still , we fight with EGO , think I am superior to every one, want everyone to obey us , respect us. WE know for certain that when call comes , we all have no choice but to leave all our prized belongings and leave naked. This should not disappoint us and deterr us from action and put us into inaction. IF end is certain why work ? May be right. Then that maturity has to come to us. That conviction has to come to us. Tommorrow we should not repent while leaving that we wasted our life. That will be horrible. We all know of Veda Vyasa maharshi's son " Shuka Maharshi ". When He decided to leave the body , Vyasa could not convince him into action. he was detached. He had realised his t...

Prabhu Sathyananda: Preview "ALM in Banks"

Prabhu Sathyananda: Preview "ALM in Banks"

ALM in Banks

ALM in Banks Enterprise Risk management: Committee of Sponsoring Organisations of the Treadway commission (COSO) issued “Enterprise Risk management- Integrated Framework” (ERM) to help Boards and Top management to understand an enterprise wide approach to Risk Management. The aim is to help organizations improve performance through better integration of Strategy, Risk Management, Control and Governance. Implementation of ERM provides the opportunity to achieve a robust and holistic top-down view of key risks facing the organization and to manage those risks strategically to increase the likelihood that organizational objectives are achieved. ERM is a process, affected by the entity’s Board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity. All Risks in Bank falls under one of the three following major Risk categories: • Credit Risk • Operational Risk • Ma...

Think Positive-1 : We are Gifted Ones

I received following message from a intimate friend of Mine. Just felt need to share with everyone for us to understand how gifted we are. THINK !!!!!! There was a blind girl who hated herself because she was blind. She hated everyone, except her loving boyfriend. He was always there for her. She told her boyfriend, 'If I could only see the world, I will marry you.' One day, someone donated a pair of eyes to her. When the bandages came off, she was able to see everything, including her boyfriend. He asked her, 'Now that you can see the world, will you marry me?' The girl looked at her boyfriend and saw that he was blind. The sight of his closed eyelids shocked her. She hadn't expected that. The thought of looking at them the rest of her life led her to refuse to marry him. Her boyfriend left in tears and days later wrote a note to her saying: 'Take good care of your eyes, my dear, for before they were yours, they were mine.' This is how...