Postal Regn. No. : HD/1145-2020-2022 Date of Publication : 7th September, 2020 RNI Regn. No. : APENG/2011/38018, Dated 24-06-2011 Date of Posting : 9th September, 2020 Volume - X | Issue : 9 | Price : ` 1/- HAMARAHAMARA PRAYASPRAYAS THE MONTHLY TABLOID OF ANDHRA PRADESH MAHESH CO-OPERATIVE URBAN BANK LTD. Editor : Ranjana Sharma Associate Editor : A. V. Rama Rao

From the

Anytim -Banking Chairman’s Desk Centre You want to be an entrepreneur and some portion were sitting from a school, and one of the students of your focus on the Internet must be to read about proposed this to the rest of them. “Everything in the case studies of world-class brands. Who is the life must be tried. These are growing years THREE WAYS TO STAY POSITIVE best in whatever dimension of life that you want to and we should get the best of our growing years, so everything in life must be tried! How do we keep a positive mindset always despite scale? Who is the best? You want to be a singer. ” our environment? Though it may seem like a You should be listening to some of those voices, “So what if we smoke, so what if we drink? It's an utopian concept to be happy and positive always, which is the style of singing that impresses you, or age where everything must be tried.” As one kept it is possible with a 3-way method to re-anchor somebody's work ethic in singing that creates a on saying, it seems one in the group. His name is Ensuring at least a few yourself and stay positive always. How to be great inspiration in you. Chirag. Chirag proposed to the group, “True, minutes every day is disciplined in the way I positive always? Humans, we are, first of all, everything in life must be tried. Why not we try to keep relating to someone I truly look up to, always… Is a very utopian state to be in, in any be the best outgoing student in our school? in the dimension where I want to develop. aspect. I will be happy always and I think it's a very Everything in life must be tried. Why can't we be utopian state. A lot of disturbances that we bring Buddha was a practical person. He realized that it's the topper? Everything in life must be tried. Why into our life are because we… The striving is there, not possible for everybody to always be in the can't we win a gold medal?”. but humans we are, that once in a way, the mind presence of an evolved presence. So he said, “If Why is it every time we say, when we say that will shift. It will distract itself. So it's very important you can't be with a teacher all the time, be with the everything in life must be tried, it's always about a that we have this awareness to understand that teachings all the time. If you cannot be with the negative habit, it's always about an addiction? when I'm not positive, that I know I'm not positive. messenger all the time, be with the message all the Why can't have the same philosophy, everything Just this awareness must be there. If every driver time!” Sangham basically means surround in life must be tried, saying that? Especially if while driving the car can always remember yourself with like-minded people. But a set of you're still a school-going kid, everything in life he is on the road and never lose this drunkards are also like-minded people, a set of must be tried. I'm going to go for a six-pack. thought, ninety % of accidents will get gamblers are also like-minded people. Surround Everything in life must be tried. I want to run a eliminated. It's the question of somewhere sitting yourself with right-minded people. Sometimes marathon. Everything in life must be tried. I want in the driver's seat and forgetting that you are there you will drift away and you need somebody to pull to have the best willpower in all the people that I on the road. When that awareness is lost, in that you. Sometimes, somebody else will drift away know, everything in my life must be tried! I want to momentary slip, something happens where you're and we… In fact, this is one thing, the chances of be that daughter my parents will feel proud every not able to take control of the entire thing. But as you getting contaminated is rare. You drift away day, everything in life must be tried. long as you can ensure that there is this proper when the people you relate with on a regular basis, So what's your environment? Are you surrounded awareness, and then every time you drift away personally or through whatever form of medium, by an environment which is all the time convincing from your positivity, you'll be able to re-anchor when the people you relate with on a regular basis you, everything must be tried and trying to drift yourself. Essentially saying, till you reach a stage are not right-minded, that is when you get you to negative directions? Or are you surrounded where who you are governs your environment… pessimistic. That is when you start doubting, that is by people where they're saying everything must be Most of us are governed by our environment. Our when you start… tried and challenging you to be ambitious, environment plays a very, very strong role in our You develop… People say that you pick up challenging you to be an achiever, challenging you life. So Buddha said, “Get your environment right smoking or drinking by the company you keep. to make your potential count? Sangham Saranam and you'll be able to get your mind right.” And how That is how you become a gossiper! You become a Gacchami. So ensure that you moderate this do I do that? Find a way by which you can share a gossiper because you are surrounded by people environment of yours. And keep your awareness dynamic relationship to an evolved presence. Let who gossip. That is how you become a liar. That is alive and every time you drift away from positivity, us say that you are pursuing economics, so you how you give up the courage to be honest and you you'll at least know that you've drifted away. And should be able to read a lot of articles, listen to a lot become a coward, to lie all the time, because you that'll help you to realign yourself towards positive of speeches by an economist that you look up to. surround yourself with people who want to escape ways. situations through lying. It seems a set of students Purshotamdas Mandhana To understand the world, you must understand yourself first – Ramesh Kumar Bung. 01 Chairman - Emeritus INKS

transformation. Now, somebody who believes in your potential can always THE ART OF INTERNAL COMMUNICATION come and tell you, “With the sort of potential you have, I feel one day this Let me explain this concept with the idea of languaging. If everyone is world will know you.” Somebody sees something in you, and that is why encouraging you but you still doubt yourself, you can't achieve it. On the they have told you that one day this world will know. contrary, even if the world is dissuading you from doing something but you As important it is to learn to appreciate the world, so important it is to believe in it, you enormously enhance your possibilities of doing it. receive the appreciation of the world gracefully. Most people cannot receive See one of the most important understandings of even coming to a satsang, appreciation. We will feel, why did we say all this! As important it is to learn that we need to understand is, it's not what is communicated to you by the to appreciate, in fact, a simple thank you will do the job. That cannot be said world, it is what you communicate unto yourself that causes your gracefully? I really think you're a very beautiful person. It's very, very transformation. You speak unto yourself, you tell yourself, that's going to be important, with what languaging you receive encouragement from the your transformation. It's called languaging. Even if everybody in the world world, appreciation from the world. keeps telling you, “You can do it!”, as long as your internal languaging is, I There's an enormous system that is working, deciding based on your karmic can't do it, you can't do it! Even if everybody else in the world believes that debts and karmic investments, what you should be deprived of and what you are a great potential, but you keep telling yourself I'm not a great you should have. The fact that abundance is getting magnetized into your potential, you can't do it! Even if nobody around you believes that you can life… When I talk about abundance, I'm giving a much broader perspective do it, but your languaging is that I know I can do it, you enormously to it. The fact that most of you is able to carry yourself day after day, without enhance the possibilities of you doing it. your body going on a strike, in spite of the fact some ailments are there, When you come to the starting blocks of a race and there you are ready to some ailments are here. So what, in spite of all the ailments, your body has run the race, all that your coach has told you till now does not matter. What never stopped striving. He believes you deserve abundant health. you tell yourself right now alone matters! It's called languaging. The very fact that you can see in geometric progression, prosperity, wealth is Transformation is not transformation unless you enhance your languaging. just getting magnetized. It is for your enterprise. It is for your brilliance. It is In fact, Buddha used to say, “You have to fear the company of an for the way you are able to utilize your potential. It's the way you keep animal lesser than the company of an evil friend. Because the improving your capacity and capabilities in the life that you live in. company of an animal can only hurt and injure your body, but the Something within you is getting better and that is why you are able to company of an evil friend, by contaminating your mind, can magnetize. You deserve it. destroy you itself.”. So the children were taught, any time the world tells you something The reason is, when you buy into a languaging which is self-destructive, you negative… You won't make it in life. You cannot do it. You won't prosper. begin to destroy yourself. So it's all about languaging. It is not what This is not going to happen to you. All this is not practical. Don't tell them, everybody in the world is screaming in your direction, it is what you are but silently whisper inside yourself saying that, I'll prove you wrong. And telling yourself that's going to make all the difference! So transformation is you can prove them wrong every time. Any time the world tells you that you transformation only when you say, “Ever since that I've been reading that are going to make it, you're going to be the number one, I see great potential book.”, my languaging has changed!” and then you have changed. Now in you, I think you're going to be a world-famous organization, I think the from the perspective of this languaging changing, it is very, very important, world will get to know you, I think you're going to make it, I think you can when the world encourages you, appreciates you, and believes in you, it is achieve it… important that you receive that belief of the world towards you with an Every time the world tells you something positive, demonstratively express affirmation rather than a negation. to the world. Tell them, “I'll prove you right.”. By just getting these two For example, when you prostrate at the feet of your father and your father is languaging, negating the negative by saying, “I'll prove you wrong.” and blessing you, saying that, “You will be like a king!” what is very important is reinforcing the positive by saying, “I'll prove you right.” You create that not just he said, somehow you internally having faith in the words of your internal context for things to happen. And always remember, if it father. My father thinks that I will live the life of a king, which means I know I is coming into your life, that's because you deserve it. will live the life of a king! And it is that faith that is going to cause the Ramesh Kumar Bung

RBI leaves benchmark lending rate unchanged; maintains accommodative stance

The Reserve Bank of India (RBI) on 6th August, 2020 opted for a status Committee (MPC). Consequently, the reverse repo rate will also continue quo and left interest rates unchanged, but maintained an accommodative to earn 3.35 % for banks for their parked deposits kept with the RBI. He stance, implying more rate cuts in future if the need arises to support the said the MPC voted for keeping interest rate unchanged and continued economy hit by the COVID-19 crisis. The benchmark repurchase (repo) with its accommodative stance to support growth. RBI had last revised its rate has been left unchanged at 4 %, Governor Shaktikanta Das said while policy rate on May 22, in an off-policy cycle to perk up demand by cutting announcing the decisions taken by the central bank's Monetary Policy interest rate to historic low.

02 Your problems are the world’s problems– Ramesh Kumar Bung. MD & CEO SPEAKS

KEEP LEARNING – KEEP UPGRADING It's not rocket science. It's not nuclear science. It's not nanotechnology. My Dear Colleagues, It's a language. If you learn two hundred words and sentence construction, you'll be able to speak. People get into spoken Sanskrit Something you started several years ago, and that has brought you to in ten days' time. Take ten months. Can something that you have been this stage. You can continue, but can you also begin something else carrying as an impediment all through your life, for your own sake, the new? Another vertical, another product line, another service offering, greatest pride in life is to grow in your own eyes. Maybe you wanted to maybe learning a new proficiency! Some of you can enrol yourself to always bring something into your business, maybe an e-commerce handwriting course and show that your signature can be different from portal, I don't know what. You always wanted, you've been handwriting. It'll be good for the world. How about learning swimming postponing and postponing. at this age, how about learning another. Now, can you stop the postponement and bring in that initiation At least does this, hire a music teacher, and learn to sing one song immediately? Can something be done? That light is disturbing me. So properly. Only one song! Every human being should be able to sing at can we immediately bring in something and get the entire… It's okay, least one song properly. Because we always have this, because if you you concentrate on this, let's end with this, somebody is recording. So don't sing properly, it is a small problem for you. Think about others. the recording is not the problem. That light is a nuisance. And we always have this inhibition where you all part of various clubs and groups, and there is some music there, dance and you don't… You always wanted to do this in your organization, in your school, in your hospital, in your club, something that you want to do, but it has Learn ten moves in dancing. That's all, everybody knows only so not been done. Can this be done at least now? much. Just learn ten moves in dancing. Can I do that? Can I learn, rather than living the rest of my life saying, “I studied in Hindi medium Cordially yours, school.”. So can we? In fact, the number of times you have said, Umesh Chand Asawa “English won't come.”, if that time you have invested, English would have come! We can learn!

RBI CALLS FOR WIDE-RANGING REFORMS TO OFFSET COVID-19 LOSSES

Declining capacity utilisation, weakening of consumption lockdown on the manufacturing and mining sectors could be demand and overhang of stressed balance sheets are as high as Rs 2.7 lakh crore. At the same time, said RBI, the restraining new investments, the Reserve Bank of India (RBI) pandemic has also exposed new inequities --- white-collar said while calling for wide-ranging reforms to regain losses due employees can work from home while essential workers to COVID-19 crisis and return to the path of sustainable have to work on-site exposed to the risk of getting infected. economic growth. The corporate tax cut of September 2019 In some areas of work like hospitality, hotels and restaurants, has been utilised in debt servicing, a build-up of cash balances airlines and tourism, employment losses are more severe and other current assets rather than restarting the capital than in other. As a result, India's overall growth is projected expenditure cycle, it said. at minus 4.5 per cent for 2020-21. Significantly, India has "These underlying developments suggest that the appetite for now reached a stage in which surplus management has investment is anaemic and in need of more reforms," said the central bank become a major challenge. "The priority is to move to policy strategies that in its 2019-20 annual report. The RBI said that COVID-19 crisis can be ensure a sustained increase in farmers' income alongside reasonable food converted into an opportunity by using an online provision of education prices for consumers," said RBI. It said information and communication and training to implement reforms in the social infrastructure by skill technology (ICT) has been an engine of India's economic progress for development and re-skilling so as to prepare a labour force equipped to more than two decades now. "Leveraging on ICT has to be a key element keep pace with a big thrust on infrastructure. It said high-frequency of the future development strategy by reducing transaction and indicators point to a retrenchment in the activity that is unprecedented in communication costs and by improving the quality of capital." history. Moreover, the upticks that became visible in May and June after The IT sector is best placed to drive this process and also manage its the lockdown was eased in several parts of the country appear to have lost consequences. Promoting young firms and startups and ensuring their strength in July and August mainly due to re-imposition or stricter survival will be critical for greater employment generation and higher imposition of lockdowns, suggesting that contraction in economic activity productivity-led economic growth in India, said RBI. "It will be essential to will likely prolong into Q2. reorient resources and policy focus in this direction. Dynamic But business sentiment and manufacturing purchasing managers' indices entrepreneurship, innovation and the ability to nurture ideas to (PMIs) ceased deteriorating, world trade growth seemed to be bottoming actualisation embodied in start-ups are the hallmarks of success in ICT," it out and service sector PMIs remained in expansionary territory. However, added. the impact due to factor income loss (capital and labour) of 68 days of

The man of wisdom and virtue is the greatest benefactor to the world– Ramesh Kumar Bung. 03 STARTING WITH LESS THAN `1 LAKH, THESE WOMEN ENTREPRENEURS ARE NOW MAKING CRORES IN REVENUE

A lot goes into the making of a successful business, and having to make do lines. With a meagre investment of `5,000, in 2010 – a year ripe with with minimal resources is just a part of the territory. This includes less entrepreneurial opportunities – Komal launched her startup Tute Consult manpower, make-shift offices, overlapping duties and responsibilities, as a public relations agency. But over the years, the company pivoted to and most importantly, limited funds. It sounds like too many objectives provide a whole gamut of services as a marketing communications setup. with not enough means, right? Sure, entrepreneurship doesn't sound like It provides services like marketing communications strategy, public a cakewalk – and mind you, it is not – but it's not an impossible feat for relations, and digital media and influencer marketing. With storytelling as those who have their hearts set on this path. Despite the dismal its main USP, the company also creates bespoke experiences both on- possibilities of success, the long hours and years of effort it takes to build ground and virtually for clients. Komal has so far worked with biggies like something substantial, and the gruelling journey of having to convince United Spirits, Red Bull, Pixi, CaratLane, Ajmal, Marriott, India Circus investors and stakeholders of the potential in your “idea”, many have (Godrej), Metro Shoes, and WOW Skin Science, raking in a revenue of actually ridden this rollercoaster of emotions and anticipations, and seen `2.25 crore. their dreams to fruition. All this is without lofty investments but a great deal Amritha Gaddam, Founder of Tribe Concepts: It was during her of ideation, innovation, and effective execution. Don't believe us? Take a MBA days at the Symbiosis Institute of Business Management in look at some of these successful women entrepreneurs who started small, Bengaluru when Amritha Gaddam first experienced the “organic wave” with less than a lakh, but are now raking in revenue in crores. that has taken over the domestic skincare market. This was also the first Tamanna Mordani, Co-Founder of Envision: Some people are time she was plagued with skincare and hair care problems of her own. So, simply not cut out to work for others. They live and breathe for the thrills like any youngster in her position would do, Amritha turned to her parents that are a part and parcel of the entrepreneurial journey. And 27-year-old for solutions, and got parcelled some good, old homemade self-care Tamanna Mordani is one of them. The Shillong native who moved to products. Now, given her father's over 30 years of expertise in Ayurveda Mumbai for college – she has a degree in Mass Communication with a and her mum's unique recipes, these products were incredibly useful and specialisation in advertising and marketing from St Xavier's College – was an instant favourite among her hostel mates. Amritha saw an opportunity working under rather excruciating circumstances. Her company had not here, and banking on her parents' expertise, she launched Tribe Concepts paid her salary for close to six months. It was a period of instability, to say in May 2019 with just `20,000. The startup today has 10 products in its the least. But instead of succumbing to the situation, Tamanna focussed portfolio and 30,000 customers across the globe, churning `2.25 crore in on the opportunity here. just the first year of operations. Deepmala, Founder and CEO of The Visual House: Six months into Surbhi Agarwal, Founder of The Art Exotica: Surbhi Agarwal's a newsroom, and Deepmala — a graduate in radio and TV journalism entrepreneurial story is one of humble beginnings and an undeterred will. from the International Institute of Mass Media, Delhi — was done with the After all, not many can muster the courage to go against the tide and stay job. She was not satisfied with the growth prospects and wanted to focussed until all the goals are met. But Subhi did this and much more. venture out. So, Deepmala quit her job and went on to work with a Trading a stable income for the pursuit of passion, she quit her family production house in Delhi. This led to other opportunities in the industry, business and in November 2016 and went on to start up from her garage and soon, she found herself navigating her own path as a freelancer. In in Jodhpur. Her venture, The Art Exotica, a manufacturing and exporting 2010, Deepmala finally decided to take the entrepreneurial plunge and startup of Indian handicrafts and textiles, was launched with her savings of started The Visual House with an initial investment of `10,000. Her `27,000. The entrepreneur was also selected as one of the top 25 company — which makes documentary and short films, commercial and entrepreneurs by TiE women in 2019. In collaboration with the US corporate videos for top guns like WHO, UNICEF, UNAIDS, UN Women, embassy, the company also exports products overseas now to countries Ministry of Home Affairs, and BCG India — has seen an impressive like Germany, France, The Netherlands, Sweden and Finland, New trajectory over the last decade. In 2010, it earned revenue of `5 lakh, Zealand, Australia, and Canada, clocking revenue of close to `63 lakh so growing over the years, to clock `5 crore in revenue now. far.+ Komal Lath, Founder of Tute Consult: In business, like all aspects of Ranjana Sharma life, one always needs to be prepared for unforeseen challenges. The story Deputy General Manager /Editor of Tute Consult and its spirited Founder Komal Lath is along the same

LYRA NEBULA

This intriguing new view of a spectacular stellar nursery IC 2944 is being released to celebrate a milestone: 15 years of ESO's Very Large Telescope. This image also shows a group of thick clouds of dust known as the Thackeray globules silhouetted against the pale pink glowing gas of the nebula. These globules are under fierce bombardment from the ultraviolet radiation from nearby hot young stars. They are both being eroded away and also fragmenting, rather like lumps of butter dropped onto a hot frying pan. It is likely that Thackeray's globules will be destroyed before they can collapse and form new stars.

A. V. Rama Rao

04 Knowledge is not separate from virtue– Ramesh Kumar Bung. BANK COMMEMORATES ITS 43RD FOUNDATION DAY CELEBRATIONS

The Bank has celebrated its 43rd Foundation Day at its Head Office on 9th August, intrepid choices, innovations and true grit will eventually take us to victory. As 2020. Sri Ramakant Inani, President, The Federation of Telangana Chambers of Mahatma Gandhi had said, “Patience and perseverance, if we have them, Commerce and Industry, Hyderabad has graced the august occasion as the Chief overcome mountains of difficulties”. The challenges of today will only strengthen Guest. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, our resilience and self-belief. We shall remain alert and watchful and collectively do Chairman-Emeritus, Sri Rampal Attal, Vice-Chairman, all the directors on the whatever is necessary to revive the economy and preserve financial stability. board, Sri Umesh Chand Asawa, MD & CEO, former directors, Executives and Courage and conviction will conquer Covid-19. employees of the bank have participated in the function. Sri Umesh Chand Asawa, MD & CEO, while conducting entire proceedings of the Sri Purshotamdas Mandhana, Chairman said that all the countries of the world commemoration, spoke about the latest trends of banking. He further added that in including ours are countenancing unexpected and unprecedented social and spite of the present COVID19 pandemic situation; the Bank is able cater to the economic fallout due to the COVID-19 pandemic crisis for the past couple of needs of customers uninterruptedly and able to achieve the targeted goals quarters. The COVID-19 pandemic has disrupted daily life, roiled financial markets Sri Ramakant Inani congratulated the Board of Directors and staff on the bank's and instilled fear and uncertainty in many as it has spread around the globe. The 43rd Foundation Day. Co-operative Urban Banks in the country are playing a vital situation is compelling everyone to adhere to the social distancing and as safety has role for rendering services to middle and lower middle classes of the society. The now become a part of the work culture and conscious about the occupational safety Federation of Telangana Chambers of Commerce and Industry compliment and health of our Former Directors and staff of members of Mahesh Bank family, to Mahesh Bank for its steady progress with a network of 45 branches and functioning celebrate the 43rd Foundation Day in a socially distancing environment. He further with sound financials such as Profit, maintenance of 0% Net NPA and transforming said that the bank has surpassed the business mix of Rs.4300 crores mark. The the traditional banking to technology banking on par with present banking sector. owned funds of the bank stood at 336.88 crores for the Financial Year ending He said that when systems are secure, trust of the public will not be shattered. He 31.3.2020 with ZERO % NET NPA and registered a profit before tax Rs.58.70 conveyed wishes for further growth of the bank in all spheres. He presented the crores. It has always been the endeavour of the Bank to strengthen the IT and certificates to the employees who have completed 25 years of their service. In introduced techno-based products & services on par with the commercial and addition, the performing branch managers were also rewarded on this occasion. private sector banks. Later, to commemorate the event, the Guest released the Special Issue of Hamara Sri Ramesh Kumar Bung stated that at this juncture, the war against COVID-19 is Prayas, a monthly magazine brought out by the Bank. The celebrations were most intense, and the world is bracing up for a second wave as it cautiously opens concluded with a vote of thanks proposed by Sri Rampal Attal, Vice-Chairman of up. The pandemic poses a challenge of epic proportions, but our collective efforts, the bank.

What is good is also truth– Ramesh Kumar Bung. 05 ReRemememberingmbering ChetChetanan ChaChauhan,uhan, TThehe ManMan GaGavvaskaraskar CCalledalled 'Mas'Master'ter'

He was one half of possibly the best Indian Test opening combination Srikkanth and Anshuman Gaekwad as before the 21st century began. Right through the 1970s, Bareilly-born Gavaskar's partners following Chauhan's Chetan Chauhan personified courage and fight in the face of terrific pace abrupt exit. In addition to his courage with the bowlers hurling thunderbolts at him. Along with the incomparable Sunil bat, the Indian team also missed his presence Gavaskar, Chauhan formed a formidable opening combination which on the field. A Stint in Coaching and The DDCA served India with a lot of distinction. That Chauhan had learnt his cricket Chauhan then moved to Australia for three years p l in Pune and played for Maharashtra as well meant that the pair could aying and coaching at an Adelaide club, a city where in later years his son communicate in Marathi at most times. passed away in an unfortunate accident at the age of 19. He finally The career itself for Chauhan was full of ups and downs as he endured two finished his playing days in 1985. long-term exclusions from the side. He made his Test debut in 1969-70 Thereafter, he became a national selector. In fact he was one of the five against New Zealand at Mumbai's Brabourne Stadium. It became a widely selectors who picked a 16-year-old Sachin Tendulkar for the 1989-90 tour known fact that he took nearly 25 minutes to score his first run in Test to Pakistan. Raj Singh Dungarpur as chairman of selectors then got all the cricket. He then hit a boundary and a six off New Zealand's Bruce Taylor to attention, but the panel comprising Test players like Chauhan, Ramesh register his first two scoring shots in Tests via a boundary. He was then out Saxena, BS Chandrashekhar and Naren Tamhane, deserved equal of the squad for close to four more years by which time the Indian team attention. Chauhan's later stints in a faction-ridden Delhi and District had acquired the services of the new Little Master, Sunil Gavaskar. There Cricket Association (DDCA) in various capacities also brought him back in was another break for close to four years after which he played for an focus. He survived the feuds in DDCA and managed to hold his own. He uninterrupted time for India forging a successful combination with did have a famous run-in with former India opener Gautam Gambhir over Gavaskar. Together Gavaskar and Chauhan blunted the fiercest bowling selection of fast bowler Navdeep Saini. When Saini finally played for India attacks in the world with their stoic defence. last year, Gambhir lashed out at both Chauhan and another former India The Gavaskar-Chauhan pairing added 3127 runs at an average of 54.85 captain Bishen Singh Bedi for having halted Saini's selection. in 60 innings. Gavaskar and Chauhan put on 11 century stands in all. The In the midst of all this he was brought in as the first full-time manager of the crowning glory moment of the Gavaskar and Chauhan partnership was Indian team when New Zealand's John Wright took charge as the head when the duo added 213 for the opening wicket at The Oval in 1979 when coach. Chauhan was in charge for the famous Test series against Australia India almost chased down an improbable 438 for a win. India fell nine in 2000-01. In fact, he played a part in VVS Laxman being promoted in short as the Test ended in a draw. But Gavaskar's masterful 221 and his the second innings of the historic Kolkata Test. But shortly after that series, stand with Chauhan made a huge statement. Gavaskar had a lot of BCCI reverted to its old policy of handing out managerial roles as doles to respect for Chauhan and always referred to him as 'Master'. He could rely state associations. It took another six years for Chauhan to return as India on Chauhan to take on some uncomfortable bowlers for a while as he manager on that eventful Australia tour of 2007-08. The fantastic role himself has recounted on many occasions post his playing days. played by Chauhan and another former first-class player Dr MV Sridhar, The twin tours of Australia and New Zealand in 1980-81 proved to be the as media manager, is still spoken about by those involved then. final time the pair worked together. On the Australia leg of the tour, Chauhan and Sridhar, both now sadly not with us, managed the team and Chauhan was at the non-striker in Melbourne when Gavaskar lost his cool media very well in the midst of the Monkeygate scandal. Amongst the following what he thought was abusive behaviour by Aussies and walked former India players, he was probably the only one who realised that the off taking his opening partner with him. Chauhan was reluctant to walk off role of the team manager is not just limited to managing tickets of the with Gavaskar, but he went along with his captain. It required quiet games. He was keen for a longer stint as manager, but the BCCI then was diplomacy of then team manager Wing Commander Shahid Durrani to reluctant to let go of an opportunity to appease all State Association diffuse the situation. officials. Chauhan was an active organiser of Veterans Cricket in 1990s Chauhan stayed on and played a part in India's revival in what turned out and in fact led the Board of Veteran Cricket in India (BVCI). After the to be a terrific come from behind win for India at Melbourne. The Test Lodha reforms kicked in, Chauhan moved out of cricket administration series was shared 1-1, and on the following tour to New Zealand India lost and moved back into politics. But he remained a widely respected cricket 0- Despite being one of the consistent performers on the twin tour, analyst on news television. Chauhan was dropped from India's Test squad. The hurt stayed on with He was also named chairman of India's premier fashion institute, him for some time. Chauhan finished his Test career without a hundred to National Institute of Fashion Technology (NIFT), but that led to a lot of his name, with a best of 97. He is second only to Shane Warne on a list of controversy and criticism. He later won an Assembly seat in Uttar players with most runs without a hundred. "“I don't know why they did Pradesh and became a State minister. It was in his last stint as an active that to me (abrupt exit). It was not loss of form because at the end of that politician that he finally breathed his last. Cricket has become poorer tour of Australia and New Zealand I had outscored almost every other by the unfortunate and untimely demise of its Master. Rest in peace, Indian batsman, except Sandeep Patil. I had an average of 41.50 but was Sir. dropped for the next series against England. That really shocked me.” G. Amarnath, It took some more time for India to find a stable partner for Gavaskar H.O. : Estates thereafter. India tried Arun Lal, Ghulam Parkar, Ravi Shastri, Krish

06 Truth is that knowledge which is never contradicted– Ramesh Kumar Bung. DO YOU KNOW

01. Certain types of fungi control the brains of ants. They can do this activity up to 9 days. 02. The longest word in English has 189819 letters. It is – Not even one Rs. 2,000 'Methionylthreonylthreonylglutaminylarginyl...isoleucine' is the chemical name of 'titin' (also known as 'connectin') - the largest known protein. It has 189,819 letters. It takes us 3 hours to spell this note printed in 2019-20 word.. 03. Octopus lays 56000 eggs at a time. Each egg would be in the size of a rice grain. Four years after they were introduced, the circulation and printing of Rs. 04. Turkey cocks also feel shy. This characteristic cannot be found in any 2,000 notes have declined sharply with not even a single one being animal except in human beings. printed by Reserve Bank of India's (RBI) currency note presses in the 05. In our body, nose and ears always continue to grow. The growth 2019-20 fiscal year, the annual report of the top bank said this week. In ceases with death. sharp contrast, a larger number of Rs. 500 notes are in circulation. On 06. The Surface area of Russia is larger than that of the planet Pluto. November 8, 2016, Prime Minister Narendra Modi announced that the 07. High-heels were being used even during 10th Century BC itself. existing Rs. 1,000 and Rs. 500 notes won't remain in circulation and newer However, they were worn by male. Rs. 500 notes and Rs. 2,000 notes will be introduced. He dubbed 08. Usage of the word 'O My God!' has become common now. But, this demonetization as "one positive step in the fight against black money and was used for the first time by a person in 1917 in his letter written to corruption." However, the surprise move didn't earn lauds from the Winston Churchill. opposition and few economists. 09. In summer, the height of the Eifel Tower by 6 inches. It is due to Over the years, the number of Rs. 2,000 notes in circulation have dipped expansion of the iron used in the tower. consistently. From 3.36 billion pieces present in 2017-18, 2.73 billion 10. If you can arrange all the blood veins in the human body, their length were in circulation in 2019-20. Obviously, RBI also printed fewer Rs. would be 10000 miles. 2,000 notes. In 2016-17, 3.5 billion pieces were printed, 151 million in 11. Every day, we produce 300 billion new cells. 2017-18, 47 million in the next fiscal year, and not even one in 2019-20. 12. 80% of our brain contains water. Moreover, RBI has been disposing of a higher number of Rs. 2,000 notes. 13. Even in the bones, there would 31% of water content. After not rejecting any notes in 2016-17 and 2017-18, RBI disposed of 14. An ordinary man takes 7 minutes on an average to slip into sleep. one million Rs. 2,000 notes in 2018-19 and 176.8 million of soiled notes 15. The country that produces most oil in the world is Norway. in 2019-20. In the last fiscal year, 6.5% of the total Rs. 2,000 notes in 16. There is no animal on earth that has three legs. circulation were disposed of. In contrast, only 0.6% of Rs. 500 notes met 17. Cats spend 66% of their life in sleep. such fate. 18. The first capital for America was New York. While Rs. 2,000 notes didn't get printed, Rs. 500 notes did. According to 19. Hedgehog has 30000 thorns on its body. HT, Rs. 500 denomination made up for more than half of the 22 billion 20. Scissors had been invented by Leonard da Vinci. currency notes printed in the last fiscal year. In 2019, 215,176 lakh pieces of Rs. 500 notes were in circulation. The number spiked to 294,475 lakh 21. Madame Curie had been selected for Nobel Prize twice. Not only that, her husband Pierre Curie , daughter Irène Joliot-Curie and son- pieces, a report in IE claimed. Interestingly, RBI had a simple explanation in-law Frédéric Joliot-Curie had also got Nobel Prizes. for not printing Rs. 2,000 notes. 22. 50% of the Oxygen on the earth comes from Amazon Forests. The bank said no indent for printing notes was made as Bharatiya Reserve 23. With the quantum of air we breathe in, we can fill 1000 balloons. Bank Note Mudran Private Limited (BRBNMPL) and Security Printing P. Venugopal Reddy and Minting Corporation of India Limited (SPMCIL) made no fresh HO: Credit supplies. "The indent of banknotes for 2019-20 was lower by 13.1% than that of a year ago," RBI said. On the new development, a government official said Rs. 2,000 notes were introduced in 2016 to quickly fill the gap created by defunct Rs. 500 and Rs. 1,000 notes. Now, with smaller denomination notes being used by banks and digital transactions becoming increasingly common, there is no urgency to print these notes. Another banker told Deccan Chronicle, "There may be some people hoarding Rs. 2,000 currency notes. Banks are not reissuing Rs. 2,000 notes and maybe banks have been told by RBI not to reissue Rs. 2,000 notes." The person also stressed that calibrating ATMs with lower currency notes is easier and that Rs. 500 notes are "easily convertible."

Learn and think; Become good and right– Ramesh Kumar Bung. 07 HONOUR TO A SAINT

It was the first visit of an elevated saint (Shankaracharya) to Rashtrapati through the corridors and straight entered into his office. Bhavan. Since the then President, Dr Kalam wanted to give due honour to When I was spreading the Saint's seat (tiger skin asan) on the visitor's sofa the saint, he called me (I was Comptroller in the President's House) to his as we had discussed, he directed me to put the same on his own sofa chair. office and asked me the traditional protocol. I told him, "I will receive the I was shocked by this simple, humble and great gesture. He was President Saint at the gate and bring him inside". After few minutes of deep thinking, Kalam. he asked me "What will happen if I receive him?' I said, "Sir, you will We offered fruits and flower basket to the Saint. After the mulakat honour the Saint and make his position more important than the (meeting) I asked him the reason behind doing this. He smiled and said, ”I President." wanted the sofa seat of the President of India, to be blessed by the Saint's He smiled. He didn't say anything. Then, once inside the office, I briefed spiritual power so that whoever sits here later also gets the Saint's him, "Sir, I will bring him here, put his seat (asan) on this sofa and will blessings". I admired these words of my Spiritual Guru President Kalam request him to sit and President will continue sitting on his usual sofa and said "Sir, you are not only a scientist but you're yourself a Saint in chair." He again asked me, "What will happen if I make him sit on my sofa disguise too." As usual he gave his meaningful smile. seat?" I said once again "Sir, you will honour the Saint and make his [Narrated by Lt Col Ashok Kini H, SM, VSM (Former Comptroller to The position more important than the President." Former President Bharat Ratna Dr APJ Abdul Kalam.)] He smiled once again and didn't give me any more instructions. After Rampal Attal thirty minutes, when the Saint was to reach the Rashtrapati Bhavan, a few seconds before his arrival, to my surprise, I saw Dr Kalam, standing behind Vice Chairman me at the gate. I immediately stood behind the President. He was there to receive the Saint with garland and flowers. We received the Saint, walked

MADAME MARIE CURIE

Marie Curie, nee Maria Sklodowska, was born in enthusiasm for science throughout her life and did Warsaw on November 7, 1867, the daughter of a much to establish a radioactivity laboratory in her secondary-school teacher. She received a general native city – in 1929 President Hoover of the United education in local schools and some scientific training States presented her with a gift of $ 50,000, donated from her father. She became involved in a students' by American friends of science, to purchase radium for revolutionary organization and found it prudent to use in the laboratory in Warsaw. leave Warsaw, then in the part of Poland dominated by Mme. Curie, quiet, dignified and unassuming, was Russia, for Cracow, which at that time was under held in high esteem and admiration by scientists Austrian rule. In 1891, she went to Paris to continue throughout the world. She was a member of the her studies at the Sorbonne where she obtained Conseil du Physique Solvay from 1911 until her death Licenciateships in Physics and the Mathematical and since 1922 she had been a member of the Sciences. She met Pierre Curie, Professor in the Committee of Intellectual Co-operation of the League School of Physics in 1894 and in the following year of Nations. Her work is recorded in numerous papers they were married. She succeeded her husband as in scientific journals and she is the author of Head of the Physics Laboratory at the Sorbonne, gained her Doctor of Recherches sur les Substances Radioactives (1904), L'Isotopie et les Science degree in 1903, and following the tragic death of Pierre Curie in Éléments Isotopes and the classic Traité' de Radioactivité (1910). 1906, she took his place as Professor of General Physics in the Faculty of The importance of Mme. Curie's work is reflected in the numerous awards Sciences, the first time a woman had held this position. She was also bestowed on her. She received many honorary science, medicine and law appointed Director of the Curie Laboratory in the Radium Institute of the degrees and honorary memberships of learned societies throughout the University of Paris, founded in 1914. world. Together with her husband, she was awarded half of the Nobel Her early researches, together with her husband, were often performed Prize for Physics in 1903, for their study into the spontaneous radiation under difficult conditions, laboratory arrangements were poor and both discovered by Becquerel, who was awarded the other half of the Prize. In had to undertake much teaching to earn a livelihood. The discovery of 1911 she received a second Nobel Prize, this time in Chemistry, in radioactivity by Henri Becquerel in 1896 inspired the Curies in their recognition of her work in radioactivity. She also received, jointly with her brilliant researches and analyses which led to the isolation of polonium, husband, the Davy Medal of the Royal Society in 1903 and, in 1921, named after the country of Marie's birth, and radium. Mme. Curie President Harding of the United States, on behalf of the women of developed methods for the separation of radium from radioactive America, presented her with one gram of radium in recognition of her residues in sufficient quantities to allow for its characterization and the service to science. careful study of its properties, therapeutic properties in particular. Mme. Curie died in Savoy, France, after a short illness, on July 4, 1934. Mme. Curie throughout her life actively promoted the use of radium to M. Soujanaya alleviate suffering and during World War I, assisted by her daughter, Irene, HO: Credit she personally devoted herself to this remedial work. She retained her

08 Act to the bad with goodness, to the faithless with faith– Ramesh Kumar Bung. WEBINAR ON RELEVANCE OF SARFAESI ACT 2002

A Webinar on relevant of SARFAESI ACT 2002 was organized by the National Federation of Urban Co-operative Banks & Credit Societies Ltd., New Delhi. Sri Yogesh Sharma, Chief Executive, NAFCUB conducted the proceedings of the webinar. Sri Ramesh Kumar Bung, Chairman-Emeritus and Officials from the recovery department can be seen participating.

Webinar on relevant of SARFAESI ACT 2002 was organized by the With a view to understand the implication of this important judgement National Federation of Urban Co-operative Banks & Credit Societies Ltd., and proper implementation of the Act with upto date amendments, the New Delhi.Sri Yogesh Sharma, Chief Executive, NAFCUB conducted the webinar was organized. Mr. Girish Kohli , Senior Advocate, Delhi High proceedings of the webinar. Sri Ramesh Kumar Bung, Chairman Emeritus court delivered the detailed deliberations. He further narrated the Dos and Officials from the recovery department were participated in the and Donts of the applicability of the said Act. webinar. Representatives from Co-operative Bank of the country viz., Sri Amit The webinar focused on the recent judgement of Hon'ble Supreme Court Kumar Sinha, Sri Apurba Sen, Sri Arun Kumar Sen, Sri Naba Kumar of India held in Pandurang Ganpati Chaugule Vs Vishwasrao Patil Biswas, Sri Kamala Das, Sri Kushal Das, Sri K. Tulasi Prasad, Sri Goutam Murgud Shakari Bank Ltd where Multi State Co-operative Bank as well as Mukherjee, Sri Debasish Nag were participated in the meeting. the notification dated 28.1.2003 issued with respect to the co-operative Sri Ramesh Kumar Bung said that the recent judgement of the Supreme banks registered under the State Legislation is not ultra-vires of the Court will enable the Co-operative Urban Banks to recover their dues by constitution. As such, all Urban Co-operative Banks can now recover taking action under this SARFAESI ACT. their NPA under the said Act.

BUSINESSES WITH ANNUAL TURNOVER OF UP TO RS 40 LAKHS ARE GST EXEMPT: FINANCE MINISTRY

Businesses with an annual turnover of up to Rs 40 lakhs are Goods and on affordable housing has been reduced to 1%," it added. "Once GST was Services Tax (GST) exempt and those with a turnover up to Rs 1.5 crore implemented, the tax rate on a large number of items was brought down. can opt for the Composition Scheme and pay only one per cent tax, the As of now, the 28% rate is almost solely restricted to sin and luxury items. Ministry of Finance said on 24th August, 2020. According to the ministry, Out of a total of about 230 items in the 28% slab, about 200 items have the GST exemption limit earlier was Rs 20 lakhs. been shifted to lower slabs," the Ministry of Finance said in a following "Now, Businesses with an annual turnover of up to Rs 40 lakh are GST tweet. The Ministry of Finance said that the taxpayer base has almost exempt. Initially, this limit was Rs 20 lakh. Additionally, those with a doubled since the roll out of GST. turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay "The numbers of assessee covered by the GST at the time of its inception only 1% tax," the Ministry of Finance tweeted. In a series of tweets, the were about 65 lakh. Now the assessee base exceeds 1.24 crore... All Ministry also informed that significant reliefs have been extended to the process in GST have been fully automated. Till now 50 crore returns have construction sector, particularly the housing sector which has been placed been filed online and 131 crore e-way bill generated," it said in the at the 5 per cent tax rate. following tweets. The move comes as another relief for businesses across "Significant relief has been extended to the construction sector, the country, which are dealing with the adverse effects of the coronavirus particularly the housing sector. It has now been placed at the 5% rate. GST pandemic. Earlier, the Central government had also announced an economic package to revive the economy. Possess the three treasures-humility, courage and truthfulness– Ramesh Kumar Bung. 09 PANCHATANTRA

[CROWS AND OWLS – Contd.] report to the owl king. And if that happens, they will all escape. I shall tell When Raktaksha (advisor to the owl king) saw the crow Sthirajeevi being you everything after we have completely wiped out the enemy and well fed and getting fat, he said to the king, 'Your Majesty, I think all of you returned home'. are being very unwise. We are all fools for sparing this crow. We must kill After listening to Sthirajeevi's advice, Meghavarna and his followers each him!' But still the owl turned a deaf ear to Raktaksha's advice and took a piece of burning wood in their beaks and followed Sthirajeevi to the continued to lavish attention on the crow. Then Raktaksha called his owl's cave. Then they threw their burning brands on to the pile of twigs, followers together and said to them in confidence, 'Until now, we have collected by Sthirajeevi, and soon a huge fire began to blaze. The owls been safe here, but I have a foreboding of an approaching disaster. I have now realised what was happening and remembered Raktaksha's advice, done my best to convince Arimardana (owl king) of my point of view, but but as they were blind by day, they could not find their way out and they all in vain. So, we must leave this place and go where we shall be safe'. perished in the flames. Raktaksha's followers listened to his advice and flew off with him to a far And so, with their enemies completely wiped out, Meghavarna and the away country. Sthirajeevi was very pleased when he heard of Raktaksha's other crows returned to their old banyan tree. Their king seated himself on departure, thinking to himself, 'His leaving is extremely beneficial to me, the throne and said happily to Sthirajeevi, 'Now, Tatha, tell us how you for he was far-sighted, but these here are stupid and I can easily destroy spent your days amongst the enemy. I believe, living amongst the enemy them'. Pretending that he wanted to make a nest for himself, the crow is like sitting on the sharp edge of a sword'. Sthirajeevi said, 'I do agree with began to bring small twigs and make a pile of them at the entrance of the you, but I had to put up with this ordeal, in order to destroy the owls. And, cave. The foolish owls did not realise that the crow was doing all this to surprisingly enough, they had only one clever and intelligent minister roast them alive later. When the crow had piled up enough twigs at the among them, an owl by the name of Raktaksha. He guessed that entrance of the cave, he waited until noon (for the owls were blind during something of the kind was in my mind and escaped with a few of his the day) and then flew off to Meghavarna, the king of the crows. followers. The others were complete fools and had no understanding of When he arrived at the king's court, he said, 'My Lord! I have prepared the diplomacy. They did not ever know that someone who has left the service enemy's stronghold in such a way that it can easily be burnt. So, come with of the enemy would come over to the other side. It is true that living among all your followers carrying pieces of burning wood in your beak and throw the enemy is like sitting on the sharp edge of a sword. I know from my them at the entrance of the cave. Then all your enemies will be burnt to experience'. death!' The king, his face beaming with joy, said, 'Stop a minute. First tell T. Gangadhar Rao me the news! It is so long since I saw you'. Sthirajeevi said, 'This is not a Head Office proper time to talk, for it is possible that some enemy spy may see me and

REVISION OF INTEREST RATES ON DOMESTIC TERM DEPOSITS /NRE W.E.F. 10.08.2020

SLAB RESIDENT INDIANS SENIOR CITIZEN SUPER SENIOR CITIZEN NRE (60 to 75 Years) (Above 75 Years)

Savings Deposit 4.00 4.00 4.00 4.00 TERM DEPOSITS 30 days to 90 days 5.25 5.75 6.00 91 days to 180 days 5.50 6.00 6.25 181 days to 299 days 6.00 6.50 6.75 300 days 6.50 7.00 7.25 301 days & up to 1 year 6.25 6.75 7.00 Above 1 year & up to 2 years 6.75 7.25 7.50 6.75 Above 2 years & up to 3 years 7.00 7.50 7.75 7.00 Above 3 years & up to 5 years 6.50 7.00 7.25 6.50 Above 5 years 6.50 7.00 7.25 6.50 TAX SAVER SCHEME 5 years and above 7.00 7.50 7.75 -

10 Attachment and hatred arise out of the sense of duality– Ramesh Kumar Bung. SALAM HYDERABAD CORNER T O L I C H O W K I

01. In a Store in US a man asked for 1/2 kg of butter. The salesperson, a young boy, said that only 1kg packs were available in the Store, but the man insisted on buying only 1/2 kg. So the boy went inside to the manager's room and said "An idiot outside wants to buy only 1/2 kg of butter". To his surprise, the customer was standing right behind him. So the boy added immediately, "And this gentleman wants to buy the other half". After the customer left, the manager said "You have saved your position by being clever enough at the right time. Where do you come from?" To this the boy said, "I come from Brazil. The place consists of only prostitutes and football players!" The manager replied coldly, "My wife is also from Brazil". To this the boy asked excitedly, "Oh yeah? Which team does she play for?" Moral:- Presence of mind helps, Never Panic, There's always a solution! 02. In a bank in Hyderabad: Hyderabadi Customer : Mereku Cheque Deposit Karna, Kab Tak Clear karte? Banker : 2 ya 3 Din Mein Clear Hojata. Customer : Dono Banks To Amne Samne-ich Hai. Phir Itti Der kaiku? Banker : Sir, Procedure Follow Karna Padta. Agar Aap Qabristan Ke Bahar Accident Mein Margaye To Apku Ghar Ku Leke Jate, Gusal Dete, Kafan Pehnate, Tolichowki is one of the oldest locations in the city. There are no Janaze Ki Namaz Padhate. Ya Phir Marte-ich Samne Ke Qabristan Mein evidences on how the place came into existence, but the Dafan Karte. Customer : Aise khatarnak example nakko de re bawa, localities living there have interesting facts to share with us or samajh gaya main. how the place has got its name. It is very common that the most 03. Ant asked the elephant: What is your age? Elephant: 5 years. Ant: Is it? of the localities in the city are named after the people or any How come you are so big? Elephant: I drink Complan daily. By the by, other monuments that form a part of the locality with time may what is your age? Ant: 20 years. Elephant: Then, why are you so small? turn out to be something else or wash away with time. Ant: I use Santoor soap daily. 04. Teacher: Oh, Ramu, why your cheeks have swollen? Tunku: Poor fellow, There is one version which gives the origin details of this locality he has eaten ice cream. Teacher: Does he have any allergy with ice flourishing with healthy habitant, commercial and many more cream? Tunku: No, madam, he has eaten my ice cream. in the present scenario. The place till date carries the aura and 05. Officer: Is there any work that you can do what others cannot do in the grandeur of the olden times. Belonging to the great era of world? Tunku: Of course, there is. Officer: What is that task? Tunku: Nizam's the place has a uniqueness which takes you back into Nobody can decipher my handwriting except myself. the past. The locality has many past remembrances and got this 06. Tunku's mother received a message from his teacher: Your son Tunku is name. a good boy. He sits in the class very silently. Only thing is that he is There are many interesting facts which one would want to know always after girls. Tunku's mother sent a reply: Please inform me the about the place, giving out these storeis is a resident who says, remedy for this as I have to apply the same to his father also. 'There are many stories that take one back to the olden times 07. Tunku was selling parachutes. He said: If your wear this, you will not fall when Aurangazeb seized Golconda. It was here for the first time down from whatever height you go up. A person listened to this and during the reign of Qutub Shahi ruler Abdul Hasan Tana Shah, asked: See, if the parachute does not open in the air when I go up very the troops of Mughal Emperor Aurangazeb Alamgir set a high and want to come down, what will be the situation? Tunku: What is military position in this region, which is in the vicinity of the there? I will refund the money back. Golconda Fort of the Qutub Shahi kingdom. The place was 08. Friend: when a mad dog is chasing you, why did you not escape? chosen by the ruler because it was one of the close points to Tunku: I thought it is a hutch dog. After biting I came to know that it is a attack the fort. Till date there are many historical mosques, mad dog. tombs and other monuments in the surrounding areas of that place. There is no strong evidence which shows that there was a post set up by the troops, but there are many stories regarding it which are heard from many people from the locality'. It is very much true that the locality got its name from the post that was set up the Mughal troops which was once the closest vicinity to the fort. In the local language Urdu, 'Toli' meaning 'troupe' and 'Chowki' meaning 'post' which with time became 'Tolichowki'. Saritha Joshi Begum Bazar Branch Purshotamdas Mandhana

Pleasure is the pain only in another form– Ramesh Kumar Bung. 11 PANDIT JASRAJ

Pandit Jasraj (28 January 1930 – 17 August 2020) was an Indian classical He initially trained as a vocalist, belonging to the Mewati gharana (musical apprenticeship classical vocalist with lineage). His musical career spanned more than 80 years and led to Pandit Maniram, and numerous major awards. His performances of classical and semi-classical later with Jaiwant vocals became albums and film soundtracks. Jasraj taught music in India, S i n g h Wa g h e l a , a Canada and the US. Some of his students became notable musicians such vocalist and beenkar, and Gulam Qadir Khan of Mewati gharana. In as violinist Kala Ramnath. addition, he trained under Swami Vallabhdas Damulji of the Agra Jasraj was born on 28 January 1930 in Pili Mandori, a village in the Hisar gharana. Although Jasraj belonged to the Mewati gharana, a school of district of Haryana, in a middle-class Brahmin family to Pandit Motiram, a music known for its traditional performances of khayals, Jasraj had sung classical singer. Motiram died in 1934 when Jasraj was four, on the day he khayals with some flexibility, adding elements of lighter styles, including was to be appointed as the state musician in the court of Mir Osman Ali the thumri. During the initial stages of his career, he was criticised for Khan. Jasraj's elder brother, Pandit Pratap Narayan, was also an incorporating elements from other schools of music, or gharanas, into his accomplished musician and was the father of music composer duo Jatin- singing. Musicologist S. Kalidas has noted, however, that this borrowing of Lalit, singer-actress Sulakshana Pandit and actress Vijeta Pandit. His elements across gharanas has now become more commonly accepted. eldest brother was vocalist Pandit Maniram. Jasraj created a novel form of jugalbandi called Jasrangi that is styled on Jasraj spent his youth in Hyderabad, and travelled often to Sanand in the ancient system of moorchhana, between a male and a female vocalist, Gujarat to study music with musicians of the Mewati gharana. Jasraj who each sing different ragas at the same time. He was also known for performed for Maharaj Jaywant Singh Waghela, the Thakur Sahib of presenting a variety of rare ragas including Abiri Todi and Patdeepaki. In Sanand, who was deeply dedicated to classical music, and received addition to performing classical music, Jasraj had worked to popularise training from him. In 1946, Jasraj moved to Calcutta, where he began semi-classical musical styles, such as Haveli Sangeet, which involves semi- singing classical music for radio. classical performances in temples. He had also sung classical and semi- In 1962, Jasraj married Madhura Shantaram, the daughter of film director classical compositions for film soundtracks, such as the song, 'Vandana V. Shantaram, whom he had first met in 1960 in Bombay. They initially Karo', composed in the raga Ahir Bhairav by the composer Vasant Desai, lived in Calcutta, moving to Bombay in 1963. They had two children, a for the film Ladki Sahyadri Ki (1966), a duet with vocalist Bhimsen Joshi son, Shaarang Dev Pandit, and a daughter, Durga Jasraj. Madhura made for the soundtrack of the film Birbal My Brother (1975), and a ballad, a film, Sangeet Martand Pandit Jasraj in 2009 and directed her first Vaada Tumse Hai Vaada for a horror film titled 1920 (2008) directed by Marathi film, Aai Tuza Ashirwad, in 2010, in which her husband and Lata Vikram Bhatt. In memory of his father, Jasraj organised an annual musical Mangeshkar sang in Marathi. festival called the Pandit Motiram Pandit Maniram Sangeet Samaroh in Jasraj was initiated into vocal music by his father, and later trained as a Hyderabad. The festival has been held annually since 1972. tabla accompanist under his elder brother, Pandit Pratap Narayan. He On 28 January 2017, the production house Navrasa Duende celebrated would frequently accompany Maniram in his solo vocal performances. He Jasraj's 87th birthday and 80 years of his service to music with a classical credits the vocalist, Begum Akhtar, as inspiring him to take up classical music concert titled My Journey, an Intimate Evening with Pandit Jasraj at music. Jasraj began training as a vocalist at the age of 14, after renouncing Jawaharlal Nehru Stadium, New Delhi. He received a standing ovation. tabla in reaction to how accompanists were treated at the time. In 1952 He was also the founder of schools for Indian classical music in Atlanta, when he was 22 he performed his first stage concert as a vocalist in the Tampa, Vancouver, Toronto, New York, New Jersey, Pittsburgh, Mumbai, court of King Tribhuvan Bir Bikram Shah of Nepal in Kathmandu. Before and Kerala. At age 90, he was teaching some of his international students becoming a stage performer, Jasraj worked as a performing artist on radio through Skype. for several years. Manisha, HO: PAD

ALL ABOUT WATERMELON

[Watermelon Day on August 3rd every year] eaten to any extent. Ÿ Watermelon contains 92% of water hence its name starts with water. Ÿ In 10th century, watermelons reached China from Africa. Since then Ÿ Watermelon is considered both as a fruit and as well as a vegetable. China started growing them large number. China is the highest grower Ÿ Watermelon, pumpkin and cucumber belong to single family. of Watermelons in the world. Ÿ Watermelons are grown in 96 countries in the world. There are 1200 Ÿ In the seeds of watermelon, there is abundant magnesium, zinc and types of watermelons. protein. Hence we should not spit the seeds as they are good for Ÿ Thousands of years ago, they were grown in South Africa for the first health. time. Hence its birth place is Africa. From there, their seeds were Ÿ In Japan, watermelons are grown in square shape. When the fruit are supplied to other countries. small, they keep them in square shaped glass boxes and ensure that Ÿ We find the diagrams of watermelons on the oldest walls of Egypt. The they grow in the square shapes. people used to bury watermelons in the graves of the dead. P. Mahesh Ÿ We get 49 calories of strength when we eat a cup of watermelon pieces. HO: Marketing Ÿ The pulp of watermelon would not only in red but also in orange, green, yellow, white colours. But the taste is almost the same. Ÿ Watermelon does not contain any harmful material or fat. It can be

12 Forgiveness is one of the great virtues– Ramesh Kumar Bung. PERFORMING GANESH POOJA AT BANK’S HEAD OFFICE

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus, Rampal Attal, Vice Chairman, Sarvasri Brijgopal Asawa, Laxminarayan Rathi, Nandkishore Heda, Omprakash Jakhotiya, Srigopal Bung, Srikanth Inani, Smt. Pushpa Boob, Directors, Sri Umesh Chand Asawa, MD & CEO and employees of the Bank paying obeisance to Lord Ganesh installed at Head Office.

COVID-19 IMPACT: INDIA'S GDP SHRINKS 23.9% IN ITS WORST DROP YET

As India gradually becomes the global hotspot for COVID-19, the gross in the last quarter of 2019-20. The Gross Value Added (GVA) stood at - domestic product for the first quarter ended June of FY 2020-21, released 22.8 % as against the estimates of -19.2 %. Agriculture, on the other hand, on Monday, 31 August, dropped 23.9%, revealing the extent of damage offered some respite, having advanced 3.4 % in the first quarter. the pandemic has caused to the country's economy. With economic 'Decline Due to Lockdown': April-June quarter economic performance is activities almost brought to a standstill due to the nationwide lockdown to primarily due to exogenous shock felt globally due to COVID-19 which curb COVID-19, most sectors like manufacturing and construction resulted in global lockdown in April to June quarter. Even India was in received a heavy dent. Asia's third largest economy saw the steepest fall in lockdown in the first quarter. During the GST council briefing on 27 GDP first time in four decades. If the negative growth rate continues for a August, the finance minister had referred to the coronavirus outbreak as second quarter in July-September, India will reel from recession. an 'act of God' which may lead to a contraction of the economy in the On a sequential basis, the quarterly growth rate has progressively declined current fiscal. from 5.2 per cent in Q1 of 2019-20 to 4.4 % in Q2, 4.1 % in Q3 and 3.1 %

Face is the index of the mind– Ramesh Kumar Bung. 13 HOW DO YOU DEAL WITH FAILURE?

How do you deal with failure? A question has come through Facebook. By glory is not in never falling but rising every time I fell down. Life is like a simply recognizing, failure is not the end of life. It's an event. It's not you. trampoline. Sometimes you rise to fall. Everybody does. But it's not linear. Nobody in the world has not failed. The only way you can come out of a It's not like I take two steps and my life goes back one step. failure is to start focusing on producing the next success as early as It's like a trampoline. After every fall, your rise is even higher than it was possible. Failure is simply telling you what has happened. It's reflecting earlier. As long as you can learn from your failure, as long as you can something about the past. By directing my intelligence towards the next upgrade your maturity, when failure creates an emotion in you, it's a mere goal, the next aspiration that I want to achieve, I shift the direction of an drain of energy. Or I'll put it this way. When failure feeds your emotions, entire intelligence towards the future. They attribute it to a lot of people. except creating negative emotion and draining your energy, it achieves So I cannot say who, because they say this about Abraham Lincoln, they nothing. When the same failure fuels your intellect, it upgrades your also speak about Swami Chinmayananda. Independent of who the maturity. You know what not to do. It puts you into a much better state in messenger is, the message is important. They said, “My greatest glory is which you can look at life. not in ever falling, but in rising every time I fell. My greatest glory is not in And on the strength of this maturity, you direct your intelligence to focus never falling but rising every time I fell.” Of all the human qualities that we on the next success. The only way to erase a failure is to produce your next keep hearing from the world about positivity, happiness, enthusiasm, success. So focus on the future. Let the mantra, lingering mantra in each of courage, honesty, loving, kindness, forgiving, affectionate, expressive, your head be, “What next?” and not “What happened?” What next? An demonstrative, communicative, enterprising, creative… entire future is ahead of you! Today in your life are not given for you to People keep saying that so many of these qualities, I think we all need to dissect your past. Today in your life are given to you to construct your develop one quality. All of us, especially if you're going to operate from future. Focus on the tomorrows that you can create. desire for gain and take those risks, and sometimes some of these choices Ramesh Kumar Bung will prove to be wrong. Resilience, the ability to bounce back. My greatest

ONLINE TERM INSURANCE PLANS IN INDIA

While Covid-19 chaos may have opened our eyes to unprecedented you are also saving up on time and some money while purchasing the plan affairs, the reality is, life has always been unpredictable. If we wish to plan online. Bajaj Allianz Life Smart Protect Goal is a good example. Online our tomorrow, we need to take the steps today. We need to ensure that purchase of the plan gives the insured person a discount of 3%. there is a steady income for those who are dependent on us, even in the There are other add-ons on features that the plan provides as well, like unfortunate event of us not being alive. How do you ensure that? One of premium waivers and cover for those whose livelihoods might be affected the answers lies in Term Insurance. Term insurance is an assurance that by Accidental Total Permanent Disability (ATPD). Online term insurance there lies a financial certainty even in the face of uncertainty. plans not only provide specific solutions that suit your life stage and your Why do you need term insurance?: Term insurance is a product which we family's aspirations, but the added benefits make them one of the very need, but may not realise the importance of it. The need is that our loved cost-effective options too. ones and financial dependents may not have a fall-back option in case a Apart from these general benefits, you also need to know your own needs. tragedy strikes. While an essential financial planning box is ticked when What is your need? Once you have figured that out, choose your own you get a term insurance, there are also some other benefits that you term insurance plan. You can take the help of an agent or an insurance should take note of. Here are some of the benefits that may help assert this consultant and get an offline plan, but there are online plans available as view even further: well, which may come with the advantage of no commission and Flexibility: Term insurance comes with a lot of flexibility. Select any additional discount. The term insurance market in India is expanding. available offline or >online term plan options and customize it as per your There is as an element of innovation in insurance. With the benefits of needs. online term insurance purchase, a new wave of young buyers is coming in. Low premium: The premium for term insurance is lower than many Time to Go Online: The world is going digital. Insurance too is not an other life insurance products. This low premium allows you to avail an untouched industry. One of the biggest reasons behind the variety in term optimal sum assured so that you can ensure sufficient financial security for insurance plans offered in India is the tech innovations. Online term your family in your absence. insurance calculators have streamlined the buying of term insurance plans Secured finances: While alive, a person is equipped to bear his own as it helps one understand how much premium they would have to pay for liabilities. However, upon death, it befalls their kin. Term insurance makes a certain cover so that they can plan accordingly. Not only do these new sure that the kin is secured financially to pay off those sudden dues, if at all, instruments give customers the power of choice, but they have also made and is not left in the lurch. One should ensure that the amount of sum the online buying experience easier and more transparent. Customers assured chosen is sufficient to cover their life goals and liabilities while now have access to consumer reviews and a step-by-step breakdown of planning their financial security. the online term insurance buying process, right from the outset. Thus, they No commission: Did you know that online purchase of term insurance can now go from browsing through term insurance products to choosing comes with the benefit of no commission? Yes. That means you would be and buying a term insurance plan that works for them, within a few clicks. saving on your premium while purchasing online. Savings: Online purchase of term insurance plans comes with a certain Sai Deepti Panchagnula discount as the intermediary costs are eliminated. There is a two-fold HO: Forex benefit here. Not only are you insuring your families secured future, but

14 Eye is the index of the soul– Ramesh Kumar Bung. Webinar on Challenges posed by COVID-19 - Opportunities created and reinventing methods to attend Business Targets

The Bank has organized a webinar on “Challenges posed by COVID-19 - Opportunities created and reinventing methods to attend Business Targets” on 27.08.2020 for its officers on 27th August, 2020. Sri Satish Utekar, Ex-MD & CEO, Thane Janata Sahakari Bank has addressed the participants at the webinar. Sri Umesh Chand Asawa, MD & CEO briefed about the webinar. Other executives and senior officers in the webinar.

The Bank has organized a webinar on “Challenges posed by COVID-19 - understand Business Strategies for effective implementation. With this in Opportunities created and reinventing methods to attend Business view the webinar is organized by inviting an experienced seasoned Targets” on 27th August, 2020 for its officers on 27th August, 2020.Sri banker. Satish Utekar, Ex-MD & CEO, Thane Janata Sahakari Bank has Sri Satish Utekar, addressing the participants in the Webinar, detailed addressed the participants at the webinar. Sri Umesh Chand Asawa, MD presentations was made on impact of Covid19 on Indian Banking. Since, & CEO of the bank briefed about the webinar and said that Covid-19 has banking establishments are constantly evolving their businesses due to put the entire world in a precarious position and changed the landscape of regulatory and competitive pressures and while occupied with managing business / commercial establishments and brought havoc and the crisis, strategic focus would be on preparing for the future, he averred. unprecedented changes on life styles of individuals. He said that people have realized that in any circumstances the banking Speaking on the occasion Sri Purshotamdas Mandhana, Chairman said channels are working round the clock and it has re-imposed the due to the CIVID19 pandemic, it has not only impacted on GDP but also confidence of customers. Further, the COVID has created an opportunity the financial sector, since the banking is different on account of customer to change and realized to prepare and handle unforeseen challenges. He expectations, social distancing etc. He further said that due to pressure on touched upon the customer service, liquidity management, asset quality profitability and like to increase in stressed assets level, the management management, profitability management, operational processes, digital will focus on rethinking of its business strategies. transformation and productivity etc. He answered the queries raised by the officials of the bank. Sri Ramesh Kumar Bung, Chairman Emeritus of the bank said that to overcome the challenges posed by the epidemic, there is every need to The Webinar ended with a vote of thanks proposed by Sri K V S Prasad, improve the competencies/knowledge/ skill sets of all employees and Dy.General Manager.

RBI DATA SHOWS RISE IN BANK CREDIT BY 5.5 %, DEPOSITS BY 11.1 %

Reserve Bank of India (RBI) in its latest data showed that the bank credit % in the corresponding month of 2019. and deposits grew by 5.51 % and 11.11 % to Rs 10,26,5000 and Rs Loan growth to industry increased by 2.2 % in June 2020, compared to 14,16,1000, respectively, in the fortnight ended July 31. In the fortnight 6.4 % growth in June 2019. Credit to large industries grew by 3.7 %, as ended August 2, 2019, the bank credit and deposits were at Rs 9,72,9000 against 7.6 %, a year ago. Credit to the services sector continued to grow and Rs 12,74,4000, respectively. at a healthy pace, although slowed the rate at 10.7 % in June 2020 as It further showed that, on a YoY basis, non-food bank credit growth stood against 13 % in June 2019. Personal loans continued to perform healthy, at 6.7 % in June 2020, approximately the same as in May 2020 but lower registering a growth of 10.5 % in June, nearly the same as in May but than June 2019, where it stood at 11.1 %. Credit growth to agriculture and lower than 16.6 % growth in June 2019. allied activities grew by 2.4 % in June, compared to higher growth of 8.7

Eye is the mirror of the soul– Ramesh Kumar Bung. 15 Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus, Sri Ramparakash Bhandari, Director and Sri Umesh Chand Asawa, MD & CEO hoisting the National Flag at Head Office of the Bank on the occasion of nation's 74th Independence Day on 15.08.2020. Staff of the Bank present at the event.

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus and Sri Umesh Chand Asawa, MD & CEO bidding farewell to Sri C V Nagappa Reddy, Asst. Manager, Monda Market, Sri Ramesh Chandra Acharya, Shroff, Vanasthalipuram, Sri K. Rammohan, Bill Collector, Head Office and Sri K. Devender, Sub Staff, Vanasthalipuram on their superannuation at Head Office on 31.08.2020.

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