And for a Friday of a big bank fraud – 11,300 crores siphoned from PNB….. some thoughts….. Basic Management principle in any crisis….. the Responsible Decision centre, in this case the RBI, must immediately restore confidence in the system. All international payments and banking commitments will be honoured. Deal with PNB and its Management later.…
And for a Friday at the PCGT annual event in Mumbai, some thoughts…… As a Trustee of PCGT (Public Concern for Governance Trust ), I am amazed by our Chairman – Padma Bhushan Julio Riberio – 90 years “Young” Warhorse, his childlike enthu, boundless Energy, Can-do Spirit and willingness to take up causes for the…
And for a Budget Friday in Mumbai, some thoughts….. some musings…… In the seventies and eighties, in the Hey days of Socialism, “Garibi Hatao”, “Roti, Kapada aur Makaan”, I remember Nani Palkhiwala with his interpretation of Policies and taxes…. Income Tax was 75 to 90{aff5a224634bf574f692c8c7d068a0713fecca4ea38a30d3005107227dbb12e7} plus CDS – Compulsory Deposit Scheme. Nani explained the terms…
And for a Friday, the 69th Republic Day of India, when in an unprecedented event, 10 Heads of States of ASEAN countries are our Chief Guests….. some thoughts….. Whilst India gained Independence on 15th August 1947, we were still part of British Constituent Monarchy under King George VI, with Earl Mountbatten as the Governor General…
And for a Friday at the Taj Mahal Palace Hotel in Mumbai amidst unprecedented Security….. some thoughts….. I really appreciate the Israeli PM Benjamin Netanyahu and his 130 strong Business Delegation from 102 Companies choosing the Taj Hotel. I did not mind suffering the Security Hassles, but it is a strong message to 26/11 Mastermind…