Country’s corporate tycoons and international lords of different companies are now showing immense interest in buying stakes in nationalized banks and insurance companies. Modi’s government is inviting private entities to come and capture the entire Indian market belittling the exact meaning of swadesi. This government is of the view that if private set ups will come up then our country will flourish and will be able to showcase India’s position on global platform in a better way. Government has forgotten the reason behind the nationalization of banks way back in the year 1969 and 1982.
Total number of branches of nationalized banks is now at 75000. And in these branches the amount of hard earned money deposited by our people is 80 lakh crore. Out of these deposited amount 61 lakh crore rupees have been used as advances and loans by the banks. In the fiscal year 2013-2014, the banking institutions had registered a profit of 1, 28,000 crore rupees. But the net profit was pegged at 37000 crore rupees only because those corporates who had taken the loans from banks and not made any repayment towards the advances. In order to write off these loans huge provisions had been made that is the reason of reduced net profits in the banks.
Instead of blacklisting and probing the wrong doings of these finger countable corporate and private firm owners, the government is interested in promoting these entities to have pie in the BFSI sector. The pace at which this government wants to privatize the nationalized outfits is more as compared to that of the erstwhile UPA government.
Recently, Prime Minister Modi with his entourage has visited Australia and recommended SBI to allow a credit of $1 Billion to Adani Group for buying a debt-ridden company of Australia in Queensland. No other banks were willing to make advances for the Adani’s project. Adani group has a colossal liability of around INR 28000 crore rupees from Indian banks. Whose ulterior motive is behind this? Well, all of you have to think about it. This government is trying to dilute the nationalization act by bringing down the government stakes to 37% which is imminent.
Before nationalization all the banks in India were private and were owned by individual business houses. All the hard earned money of depositors in these banks was utilized by the business houses to carry out their own businesses. After waiting for an auspicious occasion on someday these banks declare themselves as bankrupt and the innocent gullible depositors would have to lose their hard earned money. This was the main cause to bring most banks under the nationalization act to preserve the public interest. In 1975, the inception RRBs were also made because of the fact that the interest of the village people could be protected from the clutch of so called Sahukars (usurpers) and Mahajans.
Now this is the high time to raise the voice against privatization of nationalized banks. We have to sensitize this issue on a massive scale so that public interest shouldn’t be hampered.
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Sri Aurobindo Complex,
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Bangalore – 560078
Phone: +91 802 2449 882
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No.110, Gangadhar Chetty Road,
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phone: +91 80-25580888; +91 7760977548.
INELIA BENZ : the full interview – with Bill Ryan from Project Avalon
In this fascinating personal interview, Inelia Benz talks to Project Avalon’s Bill Ryan about her life and her mission to this planet.
It’s an extraordinary story, and many people who have seen this video have been very moved and inspired. The subjects Inelia discusses go to the very heart of who we are, and the situation we are in. Of all the interviews Bill Ryan has done in Project Camelot and Project Avalon, he considers this may be the most important to date.
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Grace, Gaia, and the End of Days by Stuart Wilde
Sometimes, we might miss in this complicated world.
Sometimes, we might lost our principle of life while pursuing so-called fortune and treasure.
Sometimes, we might even forget who we are just because we are too busy and no time to think about it.
Sometimes…. we might let these ‘sometimes’ to be ‘often’ in our life unconsciously.
Therefore, we should always recall our self with the following principles:
1. No point using limited life to chase unlimited money.
2. No point earning so much money you cannot live to spend it .
3. Money is not yours until you spend it.
4. When you are young, you use your health to chase your wealth ; when you are old, you use your wealth to buy back your health . Difference is that, it is too late .
5. How happy a man is, is not how much he has but how little he needs .
6. No point working so hard to provide for the people you have no time to spend with
“In Quest of Last Victory” by navin gulia
Quote from this book:
“Our body and mind have infinite ability. Our ability never restricts us, our thoughts do. If we think we can, we can; if we think we cannot, we cannot.”
In Quest of the Last Victory is an inspirational story of the Navin Gulia’s perseverance, fighting spirit and persistent efforts to achieve higher goals by stretching beyond what his physical abilities seemed to permit him. Despite complete paralysis of the body, Navin Gulia continued to have aspirations and made every effort to accomplish them. With a single-minded focus and determination, he turned his disability into a life-affirming force. He mastered chess, studied computer science, flew hang gliders and microlight aircraft, and went on to become the first Indian to drive non-stop to the highest motorable mountain pass in the world, the forbidding Marsimik La in Ladakh.With a lifetime of severe setbacks behind him and an impossibly steep mountain incline in front, Navin Gulia knew that if he failed this day life probable would never give him this chance again. The words he had always believed in rang in his ears:
Our body and mind have infinite ability, our ability never restricts us, our thoughts do. If we think we can, we can; if we think we cannot, we cannot.
This is a captivating tale of grit and determination that will inspire and motivate people of all ages.
About the Author
Navin Gulia, adventurer, writer, social worker and motivational speaker, holds a world record for being the first person to drive non-stop to Marsimik La, which at 18,632 feet is the highest mountain pass in the world. In 2007, he founded, and now runs, the Apni Duniya Apna Ashiyana Welfare Society, which works towards the interests of underprivileged children.
Gulia was honoured with the President’s National Role Model Award by Dr A.P.J. Abdul Kalam in 2006. He has received several other awards and honours, including the Godfrey Phillips Mind of Steel Award (2010), Karmaveer Puraskar from iCongo (2009), Cavinkare Ability Mastery Award (2006), Chief of Army Staff Commendation (2005), The Times of India Global Indian for the Year (2005), Limca Book People of the Year (2005) and State Award for Adventure Sports (2004).
ADAA – APNI DUNIYA APNA ASHIANA
is an effort aimed at helping, assisting and guiding the lives of underprivileged, orphaned, abandoned and differently able children in the weaker sections of the society.