Postal Regn. No. : HD/1145-2020-2022 Date of Publication : 7th April, 2021 RNI Regn. No. : APENG/2011/38018, Dated 24-06-2011 Date of Posting : 9th April, 2021 Volume - XI | Issue : 4 | 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

BANK ATTAINS A BUSINESS LEVEL OF `4450 CRORE AT THE END OF MARCH 2021 From the Chairman’s Desk

cutting the apple and counting the number of seeds as they should be in the larger scheme of things. To the unknown will become known. Now, how many use your intelligence when it comes to executing apples would come out of each of those seeds will choices and to surrender the same intelligence to the MAKING SENSE OF LIFE'S INNUMERABLE always remain 'unknowable'! That's the mystery of Infinite Intelligence in accepting the consequences is CHOICES this Universe. intelligent living. Life offers the opportunity to make choices. No No matter how much we already know, no matter Appreciate: The curse of the present generation is matter how much we already know, or will come to how much more we will come to know, the that you no more have the time to run your victory know, there will still be unknowable mysteries. Go unknowable mysteries of life will ever remain life's laps. You yearned for your dream car; now the car with the flow, and keep the cycle of choice, secrets forever. That's why there is an element of has come, and the stupid ego is already processing consequence and counter-choice going. This ignorance and innocence even in the most the next goal. You held the hand of the woman you universe comprises of several galaxies of which our enlightened souls! But, how much should I know always wanted, and now you don't invest quality galaxy 'Milky Way' is just one of them. 'Milky Way' is about electricity and the functioning of an electric time with her. You have finally moved into the house just one speck of dust in this universe. In this galaxy bulb to bring light into the room? How much do I you laboured so much for, and now you don't take there are several solar systems of which our solar need to know about the mechanism of computer time to experience the house. The child you always system is just one of them. Our solar system is just hardware and the logic used in developing the wanted has finally come to this world, and you are one speck of dust in this galaxy. software for me to be using the technology? lost for 18 hours at your workplace. Every time you get what you expect or more than what you expect, Within this solar system, with the Sun in the centre, Every time you have to execute a choice on any take time to appreciate the rewards of life. With and several celestial bodies and planets orbiting the major aspect of life, play in your own mind the four every milestone of success, take the time to rejoice Sun, our planet Earth is just a speck of dust. In this possibilities, the best scenario, the worst scenario the moments. Let demonstrative appreciation and planet Earth, with three-fourth water and billions of and the two in-between. Playing the four happy celebrations become your nature. life forms, humanity, as a whole, is just a speck of possibilities in your own mind will create a mental dust. And in this human population of several billion comfort zone and thus when reality unfolds you will Alter: Every time you get less than what you expect people, you and I are mere specks of dust. Just close be prepared to face it. Playing the four possibilities in or the opposite of what you expect, that's life way of your eyes for a moment and visualise yourself in the your mind will also help you to come out of your giving you a feedback that you need to alter your midst of this macrocosm. How complex does it indecisiveness. Most people keep postponing the choices. With gained maturity, you make appear? Ego shattering, isn't it? Yet this microcosm's most important decisions of their lives due to the adjustments to your approach. With every hunger to comprehend the macrocosm has been uncertainty of consequences. Even in the most consequence, even if you don't get what you want, insatiable. Every day this human intelligence makes uncertain circumstances, knowing that there are you are certainly given the maturity to make more another discovery; every day a new invention is only four possibilities creates a lot of certainty. informed matured choices in the future. So, rather born. Every day another revelation happens. Accept: You have a choice over your choice but you than treating it as a failure, treat it as an experience that you needed, and go ahead with altered choices. In everyday living, we find ourselves surrounded by are absolutely choiceless over the consequences. So what if you and I are mere specks of dust in this so many fields of sciences and so many branches of Neither can you choose which of the four you want Universe? There are still only four possible knowledge. The deeper we dig, the greater we find nor there a fifth possibility. Maturity is to gracefully consequences to every choice and to that extent this are the scopes of exploration. Life appears too and choicelessly accept the consequence and then design of life is reasonably simple. Remember, just mysterious. Knowing falls under three categories: go ahead executing the next counter-choice. While four possibilities. If you ask for the fifth, you suffer. known, unknown and unknowable. 'Known' is what choices are born out of your intelligence, the If you resist any of the four, you suffer. Flow with the you already know. 'Unknown' is what you can come consequences are a feedback from the Infinite flow. The cycle of 'choice – consequence – counter- to know. However, the 'unknowable' will always Intelligence. Your microcosmic intelligence choice' will enable you to magnetise Holistic remain a mystery. Let us take apple for an example: operates out of the data that is available at our Abundance. 'Known' is the knowledge that it is an apple. disposal. The macrocosmic intelligence operates 'Unknown' is that I do not know as to how many out of universal data. When the whole universe is With Ugadi Greetings, seeds are there inside that apple. However, by operating zero-defect because of this Infinite Ramesh Kumar Bung Intelligence, then the consequences you receive are Supreme peace can be found in the chambers of your heart – Ramesh Kumar Bung. 01 MD & CEO SPEAKS

My Dear Colleagues, trade/manufacturing activities, distributing system etc are functioning I would like to share with you performance of the Bank during the year normal. 2020-21. Though the activities have become normal, I urge you all to be alert, As on 31st March, 2021, Business of the Bank stood at around cautious, compulsorily to wear mask, avoid visiting crowdy places/group Rs.4449.90 crore, as against Rs.4140.06 crore of previous year. gatherings, frequently wash your hands and take all necessary precautions, be safe and healthy. The past year has witnessed unimaginable misery and agony across the world entailing large destruction of human life and wealth. One point is clear that we have to move on with Covid and balance our professional and personal life. In view of the then prevailing conditions, Bank conservatively fixed business target of Rs.4425.00 crore for the year 2020-21 as against which While taking precautions, we have to concentrate on our business targets we achieved a Business of Rs.4449.90 crore. also and strive for accomplishment of the same. The performance of the Bank is said to be satisfactory in the back drop of On this moment, let us all remember the saying of Our Hon’ble Prime pandemic conditions. Minister, Sri Narendra Modi, in one of his vibrant speeches i.e.: I am extremely happy that despite all the hardships, you all have raised to “तमे मन: शवसंकप मतु, i.e., my mind should have exquisite the occasion and extended amicable and uninterrupted service to the resolutions”. customers. We have to move ahead with this spirit. The Bank’s goals, resolutions and I take proud & express my sincere thanks to you all for the services policies are crystal clear. Whatever speed breaker came in the form of the rendered and efforts put in by you during the year. epidemic, we are now going beyond that. Now, we all have to work harder You all know that in contrast to rest of the world, the caseload of COVID- than before with new beliefs. We now have to move forward in the new 19 in India was low as people were following the SOPs/Covid norms. But, decade with trust and self-confidence. now it is matter of concern that the caseload is increasing day-by-day due I urge you all to start afresh and move your step forward for to fast spreading of 2nd wave of Covid. accomplishment of business target set for the year 2021-22 much before We need to stay vigilant and steadfast, and on our toes. 31.03.2022. The COVID war continues. The battle of 2020 has been won, albeit with With immense confidence in my team, I wish you all success in the significant costs in terms of lives, livelihood and economic activity. We professional and personal career. need to win the battle of 2021 also. Let us resolve to eventually win this Please do take proper safety and care of yourself and your family war. members. Despite the pandemic conditions and being backbone of financial system, Happy Ugadi to you and all your family members Banks started functioning normal much earlier than other activities. Cordially Yours, Vaccination is going in a brisk pace and people quickly adapted to the Umesh Chand Asawa situation. Now, normal life style is restored, all business i.e.,

Reserve Bank of India extends timeline for processing of recurring online transactions

In August 2019, the Reserve Bank of India (RBI) had issued a framework 2020 to migrate to the framework by March 31, for processing of e-mandates on recurring online transactions. Initially 2021. Thus, adequate time was given to the applicable to cards and wallets, the framework was extended in January stakeholders to comply with the framework. 2020 to cover Unified Payments Interface (UPI) transactions as well. It is, however, noted that the framework has not The requirement of Additional Factor of Authentication (AFA) has made been fully implemented even after the extended digital payments in India safe and secure. In the interest of customer timeline. This non-compliance is noted with serious concern and will be convenience and safety in use of recurring online payments, the dealt with separately. The delay in implementation by some stakeholders framework mandated use of AFA during registration and first transaction has given rise to a situation of possible large-scale customer (with relaxation for subsequent transactions up to a limit of 2,000, since inconvenience and default. To prevent any inconvenience to the enhanced to 5,000), as well as pre-transaction notification, facility to customers, Reserve Bank has decided to extend the timeline for the withdraw the mandate, etc. The primary objective of the framework was stakeholders to migrate to the framework by six months, i.e., till to protect customers from fraudulent transactions and enhance customer September 30, 2021. Any further delay in ensuring complete adherence convenience. Based on a request from Indian Banks' Association (IBA) for to the framework beyond the extended timeline will attract stringent an extension of time till March 31, 2021, to enable the banks to complete supervisory action. the migration, Reserve Bank had advised the stakeholders in December

02 Destroy passion, greed and jealousy; you will enjoy deep abiding peace – Ramesh Kumar Bung. MAKE LIFE WORK FOR YOU

Three… and this is where the greatness of science comes in. And when back at you is, to make it work for you and not against you, is up to I say greatness of science, I'm talking spirituality, because I believe you. It does not depend on anything else. Whether electricity is going spirituality is science. The responsibility of making it work for you is to kill me or enliven me, for everything that I require is now up to me. yours, nobody else's. This is where spirituality misdirected all of us, this Whether gravity is going to ensure that I'm never going to have is where we missed. We feel God will take care of us. Science says, skeleton pain or non-alignment to gravity is going to keep stressing my electricity will not take care of you. Electricity is a system. How to make bone system all the time, and as a result, I'm all the time going to have it work for you, is up to you. Gravity will not work for you. It's a system. some sort of pain, it's up to me! How to make it work for you, is your responsibility. Everything is your Only a stupid person will realize, because I'm using the phone so responsibility. much, I'm developing spondylitis and continue to do that. Any person The mistake that has happened, by religion and spirituality is, you feel with one percent intelligence will realize, this is not a hundred KG I don't have to exercise, I have to pray for health, and I'll become weight, it's only a phone, it can be lifted. If you look at it like this, the healthy. I don't have to be the best or the most competent in my work. I phone won't work. Mahatria, I'm used to it like this, but this is not used have to pray for wealth and wealth will come. Though we will never to it! This is not supposed to be like this, entire day. This is supposed to allow our children to do that. If our children ever tell us, “Father, I will be like this, once in a while, it can go. I will lift the whole thing. not study, but in that time also I'll pray, and I'll go to the exam. God will Otherwise, there's no need to send messages at all! If I have to lose write the exam for me.” None of you will agree. fifty followers and save my neck, might as well lose 50 followers and And yet, in adult life we want to work the same way, but we want more save your neck! Or else do it like this! prosperity. We want to continue to live a lazy life, but we want health. Cause-and-effect, whether it's going to work against you or for you, We are never there for the family, but we want extraordinary family does not depend on it, it depends on you. So even to make God work life. That on which you invest time only will grow! If all the time, you're for you, you have to do certain things. That's not up to God. God is investing time on the peripheral world and not my family, how will ready to work for any one of you. God is ready to be the first member your family life improve? It cannot improve! If you are never there in of every team. God is ready to be the first assistant of each one of you. the marriage, how will you improve the marriage? If you're never there Each one of you! That energy which is running this entire existence is in parenting, how will you improve your parenting? Not possible. It's ready to run your life. But you won't meditate, you won't sit in non- never going to happen. doing, you'll have time for every lousy shit activity in life but won't So, if you continue to find your casual relationship in the social media have eleven minutes to let that energy express through you. I'm telling is growing, it has grown. You add five hundred people in Instagram, you there's no need! God is ready to work for you. At your disposal. following you, following no? And now you have thousand eight But then I won't do it! The responsibility of making all the laws work for hundred people. So, the casual relationship has grown. That's where you and not against you, is yours. Certain practices have to be I'm investing time and market is responding to it. But relationship that practiced, for it to work for you. truly matters to me the most in life is not growing, because I'm not Raghuram Shetty investing time there. It's not going to grow. General Manager It's not going to happen. The most important things science throws

GOVT INFUSES RS 14,500 CR CAPITAL INTO FOUR PUBLIC SECTOR BANKS

The government has infused Rs 14,500 crore, mainly into banks that The investment in the special securities by public sector banks would are under the RBI's prompt corrective action framework to improve not be considered as an eligible investment which is required to made their financial health. Indian Overseas Bank, Central Bank of India in government securities in pursuance of any statutory provisions or and UCO Bank are currently under this framework that puts several directions applicable to the investing bank, it said. Most of the large restrictions on them, including on lending, management state-owned lenders -- including State Bank of India, Punjab National compensation and directors' fees. Of the total infusion, Rs 11,500 Bank, Bank of Baroda, Canara Bank, Union Bank of India, and crore has gone to these three banks while the remaining Rs 3,000 crore Indian Bank -- have already raised money from various market has been infused into Bank of India. sources, including share sale on a private placement basis. According to a government notification, Rs 4,800 crore has been For the current financial year, the government had allocated Rs provided to Central Bank of India, Rs 4,100 crore to Indian Overseas 20,000 crore for capital infusion into the public sector banks for Bank and Kolkata-based UCO Bank has got Rs 2,600 crore. The meeting regulatory requirements. Punjab & Sind Bank was given Rs capital infusion will help these banks to come out of the Reserve Bank 5,500 crore in November last year. Separately, Central Bank of India of India's prompt corrective action framework. The fund infusion has and Bank of India informed stock exchanges about the fund infusion been done through non-interest bearing recapitalisation bonds with by the government. maturity varying between March 31, 2031 and March 31, 2036.

You make your life by your own thoughts and actions – Ramesh Kumar Bung. 03 WOMEN OF WEALTH: 5 REBEL WOMEN WHOSE STRENGTH OF CHARACTER IS INSPIRING

These are ordinary women, who encountered extraordinary experiences. recollection of the plant's name – Krishna Pallavi – is her reclaiming her lost Flawed, frail, fallible… yet feisty. Those who gave up disguised bondage self and validating the meaning of her name Paroma – the ultimate to bond with themselves. Those who gave up falsehood to unfold their woman! own myth. Those who heeded to the woman in them – even if the AAKHIR KYON? (1985): Director: J.Om. Prakash: This was Smita indemnities were hefty. Unapologetic about their sexuality, unapologetic Patil's meaningful outing in mainstream cinema, elevated with her brand about their individuality… Evolving painfully from self-doubt to self- of gravitas. Nisha (Smita Patil), who's grown up as an orphan, pours all her respect, their wealth lies in their authenticity. Revisiting the fiery love on husband, Kabir Suri (Rakesh Roshan). But for the habitual protagonists of Arth, Parama, Aakhir Kyon?, Kaash and Astitva… who philanderer, she's just 'an educated cook', a 'caretaker' of his mansion and when life threw a curveball, hit it out of the park! a 'showpiece' for the world. Reality breaks Nisha's illusions when he starts ARTH (1982): Director: Mahesh Bhatt: Handpicking moments from the having an affair with her cousin Indu (Tina Munim) right under her nose, backyard of his life, director Mahesh Bhatt reportedly based Arth on his even as she's dealing with a difficult pregnancy. He audaciously believes extramarital relationship with the late Parveen Babi and the anguish it the helpless Nisha will 'adjust' to this trespass. Unable to take the brought to his first wife Kiran (Lorraine Bright). Delineating the trauma of humiliation, a distraught Nisha walks out of her own home, leaving such a detour, he made the 'woman' the hero. Pooja (Shabana Azmi), behind her only treasure – her month-old-baby. deeply in love with filmmaker husband Inder Malhotra (Kulbhushan KAASH (1987): Director: Mahesh Bhatt: Kaash was the catalyst that Malhotra) dreams of possessing a home. Being an orphan, owning a propelled Dimple Kapadia's journey forward as an actor. A catharsis, house is an emotional quest. A house she does acquire but at the price of where she seemingly relived and relieved herself of the tumult of an her home. Inder is having an affair with superstar Kavita Sanyal (Smita unpleasant marriage with once-superstar husband Rajesh Khanna. Patil), who urges him to leave Pooja. Devastated, Pooja tries all ways of Drawing from the deep wells of a ravaged heart, as Pooja, she emptied all wooing back her wayward husband including begging him to do a rethink her pain in her performance of a battered wife of a fading superstar Ritesh and pleading with the 'other woman' as well. Unheeded, she's left (Jackie Shroff). Unable to come to terms with his fading glory, Ritesh turns abandoned on the streets of life. Singer Raj (Raj Kiran) becomes a friend in alcoholic and abusive. Pooja take up jobs to keep the fires burning. Romi her journey of survival. (Master Makrand), their child, whom they both love immensely, is a silent Several dramatic scenes underline the curve of Pooja's character. The spectator to their toxic relationship. The turnaround comes when Romi is party where a drunk Pooja confronts her husband and his starry mistress is diagnosed with brain cancer. To fulfil his wish, the devastated Ritesh and a tinderbox of emotions ranging from rage, humiliation and dishonour! Pooja, agree to spend time together and celebrate their child. In his death, Eventually, the mentally ill Kavita, earns her moment of redemption when Romi breathes life into their dying relationship. Pooja's strength comes she shows Inder the door saying, “Joh shaadi saat saal mein use (Pooja) from the fact that she follows her heart at every crossroad irrespective of security nahin de saki who mujhe kya degi!” When a turned down Inder the consequences… Like when she chooses to endure a compulsive comes to Pooja in hope of a reconciliation, she asks him if he'd have Ritesh having once known his love. Like when she refuses to surrender her accepted an errant wife. “No!” he replies exposing his hypocrisy and identity even at the cost of leaving her child. Like she forsakes the rich Alok losing Pooja forever. Pooja, bereft of all attachments, takes on the for his insensitivity towards her grief. Like she pleads Ritesh to give her responsibility of nurturing her maid's daughter after she's jailed for killing another Romi… her abusive husband. ASTITVA (2000 Hindi/Marathi): Director: Mahesh Manjrekar: Written by PARAMA (1985 Hindi/Bengali): Director: Aparna Sen: Traditional white Mahesh Manjrekar and Imtiyaz Hussain, the National Award-winning film Bengali saree with vermillion pallu over her head, flaming sindoor, shanka was apparently inspired by Guy de Maupassant's novel Pierre And Jean. bangles circling her ivory wrists, wine-eyes limpid with untold dreams… Aditi Pandit (Tabu) is a devoted wife and homemaker. Her husband 40-year-old Parama (Raakhee) shot against the idol of the Goddess cut an Srikant (Sachin Khedekar) becomes suspicious when she unexpectedly ethereal picture. She's no goddess though. Just a woman draped in yards receives a fortune willed to her by her former music teacher, Malhar Kamat of convention, living life through the roles she plays – a devoted wife, (Mohnish Bahl). Srikant eventually figures out the reason behind the mother, daughter-in-law… Like her teen daughter once mocks her illogical benevolence. That Aditi had a brief affair with Malhar when he diffidence, “Second hand zindagi jeeti rehna… through Baba!” Parama's was away and that his 'son' (Sunil Barve) is actually the product of that classic beauty catches the eye of Rahul (Mukul Sharma), a photo- dalliance. journalist working for a hi-profile international publication. He chooses Ranjana Sharma her as a subject for his photo essay - An Indian Housewife! His photo Editor/Dy. General Manager session in her home begins with the question. “What do you think, Parama?” according her the dignity of possessing a mind. His camera gazes voyeuristically at her elusive sensuality. Her interaction with Rahul brings alive the woman in Parama, lying unheard, uncherished, unsung… The 'Summer of '42' comes with a price for Parama. When her semi-nude photograph, among others, is published in a journal (perhaps Rahul let Communication will win you the outer world. her down by having them published without her consent), it unfurls havoc at home. Silence will win you the inner world. The humiliation she faces at the hands of her husband (Dipankar De as Holistic living is in winning both the worlds. Subhash Chowdhury), children and extended family… makes her attempt suicide. A consequent head injury necessitates a surgery and the shedding of her lustrous tresses. Again, as an allegory, she finally recalls Ramesh Kumar Bung the name of the leaves, the memory of which had haunted her since childhood. The 'nazuk patte, patle magar baarish mein beparvah' is both a symbol of herself – fragile yet fierce in the face of onslaught. Her

04 Suffering is the great purifier – Ramesh Kumar Bung. SRI DILEEP SANGHANI, PRESIDENT, NCUI INAUGURATES WORKSHOP ON DECISON MAKING AT THE BANK

Sri Dileep Sanghani, President, National Cooperative Union of India, New mentioned about the various challenges countenanced by the Cooperative Delhi has inaugurated the workshop at A.P. Mahesh Cooperative Urban Bank Banks. The Chairman then elucidated about the products and services offered Staff Training College on 'Leadership Qualities and Decision Making' arranged by the Bank, its network, construction of a spacious building for its Head Office for the officers of the Bank on 22nd March, 2021. Sri Ramesh Kumar Bung, with all infrastructure facilities. He said that Mahesh Bank always found it Chairman, Sri Purshotamdas Mandhana, Senior Vice Chairman, Sri relevant in the hearts of the clientele and has been endeavouring to bring a Laxminarayan Rathi, Vice Chairman, Sri Raghuram Shetty, General Manager wide range of products. The bank has always continued to thrive on the were present at the workshop along with the participants. Sri Arunbhai, Vice challenges in the market, Sri Bung said. Chairman, Amreli Jilla Madhyastha Sahakari Bank, Amreli, Gujarat, Smt. Sri Dileep Sanghani, Chief Guest stated that cooperatives are essential for Geetaben Sanghani, Chairperson, Gujarat Women Credit Cooperative growth of the country. The concept of Cooperation is needed for culture and Society, Gandhinagar, Gujarat, Smt. Bhartiben Patel, Chairperson, heritage of a nation. More than 35 sectors in the country are under cooperative Bhagyalaxmi Women Credit Cooperative Society, Amreli, Directors of DCB, structure. All the facilities made available for the foreign banks, nationalised Senior Co-operators from Gujarat were among the guests. banks, private banks should also be extended to cooperative banks. There is a The workshop was inaugurated by lighting the lamp by Sri Dileep Sanghani, need to strengthen cooperative structure. Sri Sanghani commended the Chairman, Sr. Vice Chairman and Vice Chairman. Smt. Ranjana Sharma, continuous payment of dividends by Mahesh Bank. He opined that there DGM has conducted the entire proceedings of the programme. Initially, Sri should be a separate Ministry at the centre for cooperative department instead Laxminarayan Rathi Felicitated Sri Dileep Sanghani. Sri Purshotamdas of clubbing it with other sectors. He praised the RuPay Debit card introduced Mandhana briefed about the profile of Sri Dileep Sanghani, President, NCUI. by Mahesh Bank. He finally advised all that we should strive hard for the In his inaugural address, Sri Ramesh Kumar Bung narrated about the progress welfare of our members. of UNBs, Mahesh Bank in particular. He reiterated the importance training Later, Sri Bung honoured the chief guest, directors of DCB and the co- system in the banking sector. He thanked NCUI for extending support to operators in a traditional manner and presented them with mementoes. The Mahesh Bank for conduct of continuous training programmes. Sri Bung workshop was concluded with vote of thanks.

If you have a right mental attitude, you will have right thoughts – Ramesh Kumar Bung. 05 ALPHA CENTAURI: NEAREST STAR SYSTEM TO THE SUN

The sun's closest stellar neighbours are three stars in the Alpha Centauri But the planet's close distance to the system. The two main stars are Alpha Centauri A and Alpha Centauri B, red dwarf presents other problems too. which form a binary pair. They are an average of 4.3 light-years from Red dwarfs are unstable stars, Earth. The third star is Proxima Centauri. It is about 4.22 light-years from particularly when they are young – Earth and is the closest star other than the sun. they have a lot of stellar activity and produce charged particles, which can Alpha Centauri A and B orbit a common centre of gravity every 80 years. produce intense radiation on nearby planets. Some of this radiation can The average distance between them is about 23 astronomical units (AU) strip molecules off the top of a planet's atmosphere and thin it over time, — a little more than the distance between the sun and Uranus. Proxima according to 2017 studies led by the NASA Goddard Space Flight Centre Centauri is about one-fifth of a light-year or 13,000 AUs from the two in Greenbelt, Maryland. other stars, a distance that makes some astronomers question whether it Studies of red dwarf stars are ongoing to better understand the habitability should be considered part of the same system. Proxima Centauri may be of Proxima b. In November 2017, another planet in the habitable zone of passing through the system and will leave the vicinity in several million a red dwarf was discovered that's almost as close to Earth as Proxima b is. years, or it may be gravitationally bound to the binary pair. If it's bound, it Called Ross 128b, this planet orbits a red dwarf star that appears much has an orbital period around the other two of about 500,000 years. quieter than that of Proxima b. The research team said that finding out Planet potential: Astronomers announced in August 2016 that they had more about its atmosphere will require a next-generation telescope such detected an Earth-size planet orbiting Proxima Centauri. The newfound as the European Extremely Large Telescope, the Giant Magellan world, known as Proxima b, is about 1.3 times more massive than Earth, Telescope and the Thirty Meter Telescope that all are expected to be active which suggests that the exo-planet is a rocky world, researchers said. The in the 2020s. planet is also in the star's habitable zone, that just-right range of distances Binary stars: To the naked eye, the two main stars shine as one, making where liquid water can exist. Proxima b lies just 4.7 million miles (7.5 them the third brightest "star" in our night sky. The two separate stars can million kilometres) from its host star and completes one orbit every 11.2 be seen through a small telescope; one of the finest binary stars that can be Earth-days. As a result, it's likely that the exo-planet is tidally locked; observed. Proxima Centauri is too faint to see unaided, and through a meaning it always shows the same face to its host star, just as the moon telescope it appears about four diameters of the full moon away from the shows only one face (the near side) to Earth. other two. By itself, Alpha Centauri A, also known as Rigel Kentaurus, is However, it's unclear just how habitable Proxima b is from today's the third brightest star in the night sky; just a bit dimmer, by 0.02 of a telescopes. This means that astronomers need to run models and do magnitude, than Arcturus. It is a yellow star of the same type (G2) as the comparative studies to better understand how habitable the planet might sun, and it is about 25 percent larger. Alpha Centauri B is an orange K2- be. As a start, the planet needs a closer look for investigators to look for type star, slightly smaller than the sun. Proxima Centauri is a red dwarf signs of an atmosphere. From there, the investigators can extrapolate if about seven times smaller than the sun, or one-and-a-half times bigger that atmosphere (if present) allows liquid water to flow on the surface. than Jupiter. All three stars are a bit older — 4.85 billion years old — than Even the surface temperature of the planet depends on the atmosphere, the sun, which is about 4.6 billion years old. The system is in the Southern which would also play into habitability characteristics. sky and is not visible to observers above the latitude of 29 degrees north — Because Proxima b is so close to a red dwarf, habitability problems are a line that passes near Houston, Texas, and Orlando, Fla. In the Southern already coming to scientists' minds. For one thing, the planet is so close Hemisphere, it's easy to find because the cross-piece of the Southern that it likely is tidally locked to the star, meaning that one side of the planet Cross (from Delta to Beta Crucis) points the way. Its right ascension is 14h is always facing the star. This means one side of the planet would be very 39m 41s and its declination is minus 60 degrees 50 minutes 7 seconds. warm, while the opposite side would be very cold – unless winds could A. V. Rama Rao distribute the heat around the planet. That makes it hard for life to exist.

NOT RECEIVING BANK OTP ON SMS? THE PROBLEM IS NOT YOUR NETWORK

If you are also not receiving bank OTP messages in your SMS inbox, you to gain clearance before they can operate their bulk messaging services. are certainly not alone. Over the past two days, reports of OTP not coming It is this, reports state, that may have broken OTP services widely. The on phone have flooded the internet, causing a considerable stir and onus lies on banks as well, who appear to have missed the set deadline for highlighting the chaos that digital payment downtime can have in our DLT implementation, and are now struggling to get their bulk messaging everyday life. However, the actual reason behind this turns out to be not services back online. The technology is expected to iron out scammers your operators network quality, but the latest anti-spam technology that is from using bulk SMS services to target unsuspecting users, which has also being implemented to restrict spam telemarketers on their tracks. led to a well documented rise in the amount of phishing and identity scams As reports have revealed, many users began witnessing difficulty in getting in India. As of now, OTP services of most major banks and digital payment banking OTP messages in their SMS inboxes since the night of Sunday, apps should be back online. However, users have continued to report March 7. The actual reason behind this is the Distributed Ledger intermittent issues across all banks and payment services, and it may take Technology (DLT), which is India's new blockchain technology a while until all services are brought back to normalcy. Until then, users are implementation to reduce spams and scams today. DLT has necessitated advised to use OTP on call services to get one-time passwords, without banks and other digital payment services to follow a new messaging which digital payments are barred in India. template for authorised automated messaging services. This new G. Santosh template will also be screened by telecom operators for compliance with HO: Marketing the recommended format, and all banking and financial services will need 06 Right thoughts will lead to right action – Ramesh Kumar Bung. DODO YOUYOU KNOWKNOW?? 01. There is a place in Australia with the longest name. The name of it is: 19. If we touch the leaves of gympie-gympie plants in Australia, the Mamungkukumpurangkuntgunya Hill. (26 letters + Hill). venomous Toxin called Neuro-Toxin enters our blood in the body and 02. Oxford University is the oldest one. It was established in 1096. motivates us to commit suicide. 03. The most silenced room in the world is in the Head Office of Microsoft 20. A fountain was installed in Ortona, Abruzzo, an Italian town south of in Washington. When we enter into that room, we will have a strange Rome that's known for its red Montepulciano wine grapes. People feeling. Our respiration itself will sound big for us. have been making wine in the region since the sixth century B.C. The 04. In our world, four children are born per each second. It means the fountain sprinkles wine 24 x7. birth rate is 250 infants per minute and 15000 children per hour. 21. The highest deaths of children in the world are caused due to 05. Due to immense pollution, the Ozone layer above our earth is getting diarrhoea. Daily 2195 infants and yearly 760000 children are dying damaged. For recovering to its normalcy, it may take 50 years. due to diarrhoea. 06. The occurrence of earthquakes is more in the country Japan. 22. In Los Angeles, on all the walls, some mischievous children paint with 07. The present National Flag of America was designed by a High School graphics and spoil them every year. The authorities clean 3 crore boy. square feet walls yearly and spend a lot of money for it. 08. 52 % of the world's population are the people below 30 years age. 23. Samsung not only makes mobiles, chips and other electronic devices 09. Movie trailers are released now a days before actual screening of a but also military weapons for the use of army. 50% of weapons made film. But, once upon a time, the trailers used to be released after the by Samsung are used by South Korean army . movie's release. For the first time, a trailer was released in 1912. 24. If you can spread all the blood vessels in the human body, they would However, it did not pertain to a cinema, but that of a show. be of 60000 miles long. 10. First camera phone was made in 1997. It was made by Philippe 25. When you watch rose colour, your anger would come down and you Kahn, who belonged to France. With that camera phone, he took a will become peaceful Hence in some countries, walls in the prisons picture of his daughter first. are painted with pink colour. 11. There are more than 1 lakh varieties of wearing a tie to the neck. 26. Weeping is good for health. When we weep, hormones causing 12. Chocolate milk was found by a doctor from Ireland. In those days, it pressure come out through tears. The hormone called Endorphin is was used as a medicine in Britain. produced. This causes relief. 13. Lighter was invented even before the Match Box. 27. A post box is located 10 metres below the surface of the water in 14. 99% of the gold on our planet is found in the centre of the earth. It is Susami Bay, Japan. Brainchild of then postmaster Toshihiko highly impossible to extract gold from there. Matsymoto, the post box has been running since 1999, when it was 15. The dictator Adolf Hitler wanted to kill all the people in Moscow and established in the hope of promoting the Kumano Kodo pilgrimage convert the city as a lake. and bringing special attention to the Susami Bay. 16. In Holland, every Police Vehicle would have a teddy bear inside 28. Male orang-utans get attracted when they see ladies with red hair. them. It was meant for giving to children whenever they require help 29. A species of frog called 'golden poison dart frog' has enough poison in from Police. its skin which can kill 100 people. 17. There are 20000 types of honeybees. Among them one species only 30. We can listen to the roaring of a lion even from 5 miles distance. produces honey. P. Venugopal Reddy 18. Amount spent for Titanic Ship made for the movie was more than the HO: Credit actual ship.

WHAT IS THE DIFFERENCE BETWEEN PENSION AND GRATUITY?

Retirement planning begins early and the aim is to create a corpus that not earn gratuity after completing five or more years of employment with the only pays the bills but also maintains your lifestyle years after retirement. same employer. The amount is compensated upon termination due to This requires a lot of financial planning and taking risks in investments that superannuation, retirement, resignation or death, disability due to an offer higher returns. It is important to have enough money after your injury or sickness. retirement to remain self-sufficient and independent. Pension benefits become effective for employers who have worked for the One must always try to hold on to their retirement savings as premature same employer for at least 10 years. It is a service provided by the withdrawals result in loss of principal, interest, tax incentives and face employer to the ex-employee or his dependent families permanently. withdrawal fines. An employee needs to be compensated after completing Under this, the company adds a certain amount over the years of a long time of service to the company and the economy of the country. employment. It is a form of retirement scheme that guarantees a monthly Few programs enable the employee to pay in part to the firm, most are income after the termination of service. According to the laws of taxation, solely supported upon retirement by the entity. Such two retirement perks an uncommuted pension is considered to be a salary under Income Tax are pension and gratuity. Act, 1961 and is taxable. The maximum amount of gratuity was amended Gratuity is the amount of money earned by an employee as a means of by the Centre which now excludes up to Rs 20 lakh from tax under Section appreciation for his service to the company while pension is a certain 10(10) of the Income Tax Act. amount paid in periodic instalments to a person after retirement. A lump- V. Jyothi sum fee is paid to the employee in this scheme based on the years of HO: PAD employment and the last pay check is drawn. An employee is entitled to

Every moment, every thought, every speech, every action shape your destiny – Ramesh Kumar Bung. 07 WORLD'S HIGHEST RAILWAY BRIDGE IN J&K COMPLETES A CONSTRUCTION MILESTONE

In a historic moment, the railways has connected per schedule, they said. The Udhampur-Katra (25 the two ends of the main arch of the world's highest km) section, Banihal-Qazigund (18 km) section bridge on the Chenab river in Jammu and and Qazigund-Baramulla (118 km) section have Kashmir's Reasi district which will provide direct already been commissioned. The last remaining connectivity to Kashmir Valley. The iconic bridge section, the 111 km Katra-Banihal section is will soar 359 metres above the bed of the river and currently under execution, officials said, adding will be 30 metres higher than the iconic Eiffel Tower that 126 km out of 174 km of tunnels on this in Paris. Railway officials termed the development section has already been completed. They said the a "historic" one. project is, perhaps, the most difficult new railway In a historic moment, the arch bottom of the line project undertaken in the entire Indian Chenab bridge has been completed today. Next, the arch upper of the subcontinent. engineering marvel in making will be completed. It is all set to be the The terrain passes through young Himalayas, which are full of geological world's highest Railway bridge. Facing grave challenges and life- surprises and numerous problems. For execution purposes, the project threatening hazards posed by rough terrain and geological thrust zones, has been divided into three sub-sections, they said. Katra-Qazigund leg, engineers and workers are toiling overtime to meet the last extended the most difficult stretch of the project, and its alignment of this stretch deadline set for completion of the world's highest railway bridge which is 129 km long, passes through Patni and Pir Panjal ranges, they connecting Kashmir with the rest of the country. said. This alignment requires construction of 62 important and major The Northern Railway will be completing the most difficult 111-kilometre bridges and minor bridges, besides construction of 35 tunnels, totalling a long section of the Udhampur-Srinagar-Baramulla rail link by December length of 103 km and bringing the percentage of the total length of the 2022 which would connect Kashmir to the rest of India through the alignment of tunnels to approximately 80 per cent. railway network, officials said. The 272 km railway line is being The Udhampur-Srinagar-Baramulla rail project is highly essential to undertaken at an estimated cost of 28,000 crore by the Northern provide an alternative and reliable transportation system to Jammu and Railway. The first section connecting Udhampur to Katra and the third Kashmir to join Kashmir Valley to the Indian Railways network, the section between Banihal and Baramulla have been completed with both officials said. They said that in view of the importance of this project in sections operational. providing seamless and hassle-free connectivity in Jammu and Kashmir, The work to complete the most difficult Katra-Banihal section is going as the project was declared as a national project in 2002.

WANT TO TRANSFER PROVIDENT FUND (PF) ONLINE? KNOW HOW TO DO IT

Once an individual starts his career by working in any of the Provident Step 5: For attesting the claim form based on the availability of authorized Fund (PF) registered organizations he/she gets registered for PF purpose signatory holding DSC, you will get options to choose either your previous and then both the employee and employer contribute that fund. However, employer or current employer. You can select any one of the employers if you have switched your company and want to transfer your provident and provide member id/UAN. fund from your previous company to a new account opened by the Step 6: You will next have to click on the 'Get OTP' option to receive OTP current employer, you can do so sitting at home. The online facility to to UAN registered mobile number and then enter the OTP and click on the transfer PF is provided by the Employees Provident Fund Organization submit button. (EPFO). Since the arrival of the Universal Account Number (UAN), all the After completing the above-mentioned process, the employer will digitally accounts of the employee remain in one place, even if the money is held in approve your EPF transfer request by accessing the employer interface of different accounts. Therefore, it is important that the employee share the unified portal. You will also have to fill up Form 13 and download the his/her UAN with the new company first and then can later transfer the transfer claim which will be in pdf format and submit the physical signed money from the old account to the new account. To do this process online, copy of the online PF transfer claim form to the selected employer. Things one can follow the below mentioned easy steps: to note before transferring the PF online: Step 1: The employee needs to login to the Unified portal (member 1. The employee should have activated his UAN in the UAN portal and the i n t e r f a c e ) o f E P F O h t t p s : / / u n i f i e d p o r t a l - mobile number used for activation should also be active. mem.epfindia.gov.in/memberinterface/ using their credentials that is UAN 2. The bank account and bank IFSC code of the employee should be number and password. seeded against the UAN. Step 2: As you login, you will have to click on 'One Member – One EPF 3. The employer should have approved the e-KYC. Account (Transfer Request)' which will be available under Online 4. The authorized signatories in EPFO should have been digitally Services. registered by the previous/current employer. Step 3: You will then have to verify personal information and PF account 5. PF account number of the previous and current employment of an for present employment. employee should be entered in the EPFO database. Step 4: You will have to click on 'Get details' below to know the details T. Girish regarding the PF account of previous employment. HO: IT

08 Live wisely now; do virtuous actions; develop good character; you will attain perfection – Ramesh Kumar Bung. WHO ARE THE TWO CHARACTERS THAT ARE COMMON BETWEEN RAMAYANA AND MAHABHARATA?

While several characters in the two epics are related, only two of them characters who make a notable appearance in both Ramayana and make an appearance in both the epics. Ever wondered who? The Mahabharata. And both these characters are important figures in the Hindu epics of Ramayana and Mahabharata serve as the cornerstone lives of the protagonists of both the stories. of our storytelling traditions. They feature some of the most Hanuman, who remains the epitome of devotion and loyalty, plays a recognisable characters in our collective consciousness and the myths major role in Ramayana. From being an emissary to fighting the war continue to endure in no small part thanks to the television shows by Rama's side, Hanuman is as much of a central figure in the epic as based on these epics. Even though Ramayana and Mahabharata are Rama, Lakshmana, and Sita. In Mahabharata, Hanuman appears two separate epics, there are several characters that overlap the two disguised as an old monkey fallen in the path of Bhima. After the latter narratives. tries to move his tail from the path unsuccessfully, he reveals his true Mayasura was Ravana's father-in-law; his daughter Mandodari was form. He blesses Bhima and promises to be on their side in the war. married to the king of Lanka. While he didn't play a major role in Living up to his word, Hanuman rides Arjuna's chariot throughout the either of the epics, the palace he constructed for the Pandavas served war. If you look closely at any picture of Arjuna in battle, you'll see a as one of the triggers for the 18-day war at the end of Mahabharata. tiny figure on the flag. That is Hanuman. While admiring this palace, Duryodhana is said to have fallen for an Arjuna's nemesis and half-brother, Karna seeks wisdom from illusion, which made Draupadi burst out laughing. This irked Parshuram. However he disguises as a brahmin to learn the art of Duryodhana who decided to seek revenge on his cousins' wife. After weaponry from Parshuram who had vowed to never teach a 'winning' her in the infamous game of dice, the Kaurava prince Kshatriya. After unwittingly sharing his knowledge of summoning the molested Draupadi, which following a long chain of events eventually bramhastra to Karna, Parshuram discovers his disciple's true nature led to the war. and curses him. It is thus that Karna is unable to summon the The sage Agastya also appears in both the epics, albeit in passing. In bramhastra during his battle with Arjuna and finally falls to the archer's Ramayana, he gifts Rama weapons to win the war. And does so again arrows. with Dronacharya in Mahabharata. Another sage, Durvasa, who is The mercurial figure of Parshuram looms large even in Ramayana. It is said to have predicted the separation of Sita and Rama was known to he who had gifted Janaka the bow of Shiva, which Rama strings and have lived in the times of Mahabharata too. He is said to have visited proceeds to break and win Sita's hand in marriage. The breaking of the the Pandavas while they were in exile. After they won the war and bow angers Parshuram who threatens to kill Rama and his father began to rule the kingdom, Pandavas sought loyalty and obeisance Dashratha. In one version of the epic, Rama tricks Parshuram into from all kings. Among those who fell in line was Vibishana, the submission and reveals himself to be an incarnation of Vishnu, which younger brother of Ravana who was now the ruler of Lanka. Parshuram himself was. The warrior safe, humbled, returns to his But these among other characters are merely on the fringes of the hermitage to dwell upon his actions. narrative of both the epics or appear after the war. There are but two Ramesh Kumar Bung

FIVE REASONS WHY ONE SHOULD INCLUDE GHEE IN THEIR DAILY DIET

Remember how our mothers keep adding that dollop of ghee on rotis, Have ghee also to treat intestinal disorders, such as Crohn's disease. parathas, laddoos to ensure our good health! Well, ghee or clarified butter Boosts Memory: Healthy saturated fats in ghee boosts cognitive is one of the most incredible natural foods treasured in Ayurveda since functioning. It prevents cell, tissue damage, promotes longevity. Eating ages. Owing to its extraordinary health benefits, our 'desi' ghee has now ghee in the morning on an empty stomach improves the process of cell gained international recognition. Considered as 'liquid gold' by some, rejuvenation which boosts the healing process of our body. ghee is a nutritional powerhouse and a highly recommended staple Indian Promotes healthy, glowing skin: Ghee's antioxidant-rich, anti- food. Benefits of having a spoonful of ghee everyday are immense. inflammatory properties soothes the skin, reduces inflammation, Therefore, to reap its exceptional nutritional value one must incorporate pigmentation, delays ageing, flushes out toxins from the body. It acts as a this wonder ingredient in everyday meal. Here is a look at its benefits: natural moisturizer that imparts radiance to your skin and hair. Strengthens immunity: Since ghee is loaded with essential fat-soluble Energy provider, promotes weight loss: The medium and short- vitamins D, K, E and A, these nutrients ramp up our body functions, chain fatty acids present in ghee makes it an ultimate Ayurvedic super- including immunity. Ghee's ability to aid body absorb fat-soluble minerals food that is considered a rich energy source. Also, the fact that ghee has and vitamins from other foods, nourishes our immune system arming it healthy omega fatty acids, body's lean mass gets boosted, and fat mass with the right defence mechanisms. Moreover, the quintessential desi reduced, thereby making it ideal for weight loss. Other than the above- ghee is known to possess anti-bacterial, anti-fungal, antioxidant mentioned reasons for including ghee in daily diet, it must be consumed properties that wards of viruses, flu, cough, cold. for good heart, eye-sight, cancer prevention, constipation, and overall Improves Digestion: Ghee is an excellent source of butyric acid. It is a good health. short-chain fatty acid that is created when the good bacteria in gut breaks K. D. Sharma down the dietary fibre butyrate. The colon cells use butyric acid as their HO: Clearing preferred source of energy. It is great for energizing the intestinal walls.

If you lead a pure life, you will have a pure mind – Ramesh Kumar Bung. 09 PANCHA TANTRA

THE STORY OF THE SNAKE IN THE ANTHILL the country. On the way, the princess left her husband to rest under a tree In a certain town, there lived a king, by the name of Devashakti. He had a and went into the nearby town to buy oil, salt, rice and other provisions. son who grew leaner and leaner every day, for he had a snake in his After making the necessary purchases, she returned to find the prince fast stomach. In spite of several treatments by well-known physicians, he was asleep. not cured at all. Thoroughly fed up with his life, the prince went to another Suddenly, she saw a snake emerging from the prince's mouth and yet town, where he lived in a temple and maintained himself by begging alms. another from an anthill nearby. Now both the snakes had come out for Now the king of that country had two young daughters. Every day, at fresh air. When they saw each other, they got very annoyed. 'You wicked sunrise, they would approach their father and bow at his feet. One would creature!' said the anthill snake to the other. 'Why are you torturing the say, 'My Lord, with your blessings, all joys are bestowed upon us'. The handsome prince? If he would only drink a gruel, made of cumin seed and other would say, 'Your Majesty, one only gets the fruits of one's action'. mustard, you would surely be dead'. One day, the king got very angry with his second daughter and said to his The other replied, 'Well, you too could be destroyed if someone poured ministers, 'Give this girl of mine away in marriage to any stranger you hot water or hot oil on the anthill. Then he could get two pots of gold that come across, so that she gets the fruits of her actions'. you are guarding'. The princess, who was standing behind a tree, heard 'It will be done, Your Majesty', replied the ministers. Now in the search for a their argument and came to know their secrets. She acted accordingly. As stranger, the ministers came across this prince, who was living in the a result, her husband recovered his health. And, at the same time, they temple and they married off the princess to him. The princess was very had two pots of gold to themselves. happy with the marriage and looked upon her husband as God. Shortly T. Gangadhar Rao after their marriage, the prince and the princess set out for another part of Head Office

CAN'T ALLOW EXTENSION OF LOAN MORATORIUM PERIOD, WAIVER OF INTEREST NOT POSSIBLE: SC

The Supreme Court held that there will be no interest on interest charged financial constraints”. These affidavits were filed following the top court's from any borrower during the loan moratorium period of six months. October 5 order asking them to place on record the K V Kamath However, the apex court also ruled that there cannot be any further committee recommendations on debt restructuring because of the extension of the moratorium and that the banks cannot fully waive interest COVID-19 related stress on various sectors as well as the notifications and as they are liable to account holders and pensioners. circulars issued so far on loan moratorium. The verdict was pronounced by a bench of Justices Ashok Bhushan, R In its affidavit, the RBI said that any waiver of interest on interest would Subhash Reddy and MR Shah. Justice MR Shah while reading out the entail significant economic costs which cannot be absorbed by the banks judgement said, “We have considered reliefs independently. Waiver of without serious dent of their finances, and this, in turn, would have huge complete interest is not possible as banks have to pay interest to account implications for the depositors and the broader financial stability. It has holders and pensioners”. “There shall be no interest on interest or also said that the apex court's interim order of September 4, restraining compensation interest during moratorium period, irrespective of the loan classification of accounts into non-performing accounts in terms of the amount. If any such amount has been collected it shall be refunded,” he directions issued by the RBI, may kindly be vacated with immediate effect. added. Earlier, the Finance Ministry had filed an additional affidavit in the apex A batch of pleas was moved before the Apex court last year seeking waiver court on October 2 saying it had decided to waive compound interest from interest on interest in respect of EMIs which were not paid by the (interest on interest) charged on loans of up to Rs 2 crore for a six-month borrowers after availing the loan moratorium scheme. The six-month loan moratorium from individual borrowers as well as medium and small moratorium scheme was extended by Reserve Bank of India (RBI) in the industries. The Kamath panel had made recommendations for 26 sectors wake of the COVID-19 pandemic. Initially, the RBI on March 27, 2020, that could be factored by lending institutions while finalising loan had issued the circular which allowed lending institutions to grant a resolution plans and had said that banks could adopt a graded approach moratorium on payment of installments of term loans falling between based on the severity of the coronavirus pandemic on a sector. March 1, 2020, and May 31,2020, due to the pandemic. Later, the period of the moratorium was extended till August 31 last year. The petition before the top court sought a direction to declare the portion of an RBI notification, issued on March 27, “ultra vires to the extent it charges interest on the loan amount during the moratorium period…”. Unimplemented knowledge The RBI had, in September 2020, filed an affidavit in the apex court is a burden. saying that loan moratorium exceeding six months might result in vitiating Our problem is not ignorance the overall credit discipline , which will have a debilitating impact on the process of credit creation in the economy. but inaction. Separately, the Centre has also filed an affidavit saying that going any Action makes all the difference. further than the fiscal policy decisions already taken, such as waiver of compound interest charged on loans of up to Rs 2 crore for six months Umesh Chand Asawa moratorium period, may be “detrimental” to the overall economic scenario, the national economy and banks may not take “inevitable

10 Evil is born of ignorance – Ramesh Kumar Bung. SALAM HYDERABAD CORNER GLORIOUS SHRINE 01. Tunku (shouting): What is this? The Rasam made by you does not contain any taste. It has no chillies, no salt, no tamarind, nothing. Wife: I have told you many a time that not to watch mobile while eating. You have mixed water in your rice. 02. Friend: Why are so much irritated? Tunku: While travelling in the bus, somebody played national anthem in his mobile. When I stood up with respect, some person occupied my seat. 03. Minister Tunku: I hereby take an oath that I will not sleep until the opposition is destroyed. P.A.: What should I do for that Sir? Tunku: Go and bring tablets for not getting sleep. 04. On the first day of school, all the classes were over. All the children started going homes. But, Tunku remained in the class only. Teacher watched him and asked: Tunku, why did you not go home? Tunku: While sending me to school, my mummy said that I should continue in this same school till I complete my 10th Class. 05. Tunku: Doctor, it appears that you have collected a heavy amount for treatment of Suri's broken leg. You will have to give me half of the amount squeezed by you. Doctor (irritatingly): Why should I give amount to you? Being ruled by several Muslim rulers, the city of Hyderabad has Tunku: I am the person who broke his leg. always been a home for various mosques, dargas and many 06. Wife: What should I do to avoid side effects after consuming tablets? Tunku: It is very simple. Cut the both sides of all the tablets. more. Standing as symbols for the ancient Qutub Shahi and 07. Agent deducted 8 lakhs as a tax out of 20 lakhs got in the lottery and Asaf Jahi dynasty, there are a number of ancient mosques, but gave Tunku 12 lakhs. Tunku: Nothing doing. Give me my 20 lakhs the Chiran Palace Mosque is one of the most unique decently. Otherwise, take my lottery ticket and give back 20 lakhs. mosques in the city. Located amidst, the nature with greenery all 08. Father: What is this? Why are you standing and eating food? Tunku: In the around and chirps and shrills of birds, the Chiran Palace morning you scolded that I am simply sitting at home and eating, isn't it? Mosque is in KBR park. More than 60-years old structure but 09. Friend: I believe that you drive the bike very well. How did you meet an accident by hitting a car? Tunku (on the bed in the hospital): In the dark, with its magnificent and unique design it appears to be the two head lights of the car looked like single lights of two vehicles. I constructed a few years ago. wanted to go in between them and surprise both the riders. The mosque was spruced up for the recent visit of Prince 10. Astrologer: You have got a chance of getting three females in your life. Mukaram Jahi Bahadur, the grandson of the seventh Nizam, Tunku: I am very happy to hear such news. When would it happen sir? who built it. It is in the recent days, the mosque has gained Astrologer: After you get married; you will get three daughters. 11. Teacher: a kangaroo can jump up to the height of Eiffel Tower. Tunku: I prominence, thanks to the frequent visitors of the park and know it. Teacher: Can you tell how? Tunku: Because Eiffel Tower cannot many more devotees who come to offer their prayers. The jump. Nizam who lives in Australia, makes it a point to stay at Chiran 12. Friend: Do you know that there would be water in the rock. Tunku: What is Palace whenever he visits Hyderabad. And during his brief the great in it? Water will be there even in metal. Friend: Is it? Where did sojourns he offers prayers at this mosque. It is an architectural you see? Tunku: In my house, water comes from steel pump. marvel built by the Nizams. The structure when seen from any 13. Teacher: Why did you come late to the school? Tunku: I have come in another route today. There was a board stating 'School ahead; go slowly'. angle it does not rest on the sidewalls at all. There is no 14. Tunku: When does express train arrive? Station Master: Evening six O intermediate pillar either to take the roof load. The weight of the Clock. Tunku: What about local train? Master: Nearly in the evening at 3 entire roof is borne by arches in the front and back. Even this P.M. Tunku: What are the timings of goods train? Master: Within another arch base is very thin at the ground level giving the structure an hour. Bye the bye, Where do you want to go? Tunku: Nowhere. I want to elegant look. take a selfie with the train. 15. Teacher: Your pet-dog is very pretty. What is its name? Tunku: I don't know There are two tall standing pillars; the mosque once had teacher. I have asked so many times. It did not reveal. fountains that could be overseen from distance. There is an 16. Teacher wanted to test IQ of his students and asked: If you find a bomb in ambulation tank in front of the main structure, but modern front of our school, what do you do? Tunku: I will observe it for 2 or 3 system of tap has made this obsolete and now serves as part of hours. In case nobody claims it, I will bring it and hide in the staff room. beauty. The tank contains different kinds of colourful fishes that 17. Friend: You will go to hell if you drink. Tunku: What about the person who add to the beauty of this place. sold liquor to me? Friend: He too enters the hell. Tunku: What about the person who sold snacks to me while drinking? Friend: Shall I tell you The visitors to the mosque here make a keen observation when separately? He will also go to hell. Tunku: If all these people are there, it is they set their eyes on its unique design and architectural feat. not a hell, it will be heaven for me. Besides, the sidewalls are carved in a special design on marble 18. Mother to her husband: Today, our son Tunku has stolen pen and pencil of giving the structure an elegant look. Another notable trait is the his friend and brought them home. Father: Useless fellow; why should he exquisite marble jali work on the sidewalls. They contain steal such things? Anyway, I am bringing such things from office now and the. intricate flower and geometric designs. At the centre are the Sarita Joshi vertical cusped arches reminiscent of Mughal architecture. Begum Bazar Branch Purshotamdas Mandhana

Within you is a vast resource of power and knowledge – Ramesh Kumar Bung. 11 KALYANJI-ANANDJI'S MELODIES ARE UNFORGETTABLE

They symbolise the long and short of Hindi music Kalyanji-Anandji could easily adapt to the pace of exploring every genre from folk to funk. On Feroz Khan’s stylised films be it Apradh, Anandji’s 88th birthday we share nuggets from Dharmatma, Qurbani or Janbaaz (between the ’70s Kalyanji-Anandji’s melodious career. They were – ’80s). “Ferozji liked both a Western and Arabian path-breakers having many firsts to their name. touch in his songs. He was keen to try new singers. They were the first to organise music shows. First to He never bothered about money; he didn’t mind deploy the clavioline to play the nagin been. First to how much more time was taken to record a song,” introduce rap in Hindi songs with Tumko humpe Anandji was quoted saying. There was another real- pyaar aaya (Jab Jab Phool Khile). First to include life inspiration behind a beautiful composition. the azaan (Muslim call for prayer) in a Hindi film Anandji’s elder daughter Rita, who lives in London, (Himalaya Se Ooncha). They also got actors to sing called Anandji and his wife there for her delivery. in their films. Like Nanda in Jab Jab Phool Khile (Ek But Anandji declined the invitation saying he was tha gul aur ek thi bulbul), Hema Malini in Haath Ki tied up. It left his daughter hurt. Safai (Peene wale ko peene ka bahana chahiye) and Amitabh Bachchan Soon after they had to record the bidaai song Babul ka yeh ghar behna for in Lawaris (Mere angane mein)… Daata (1989). When it was being recorded the atmosphere automatically Dubbed ‘lucky’ for debutants, Kalyanji-Anandji worked with first-time turned emotional. Alka Yagnik, who was soon to get married, was in tears. directors including Manmohan Desai (Chhalia), Prakash Mehra (Hasina Kishore Kumar too turned misty-eyed along with the chorus singers and so Maan Jayegi), Manoj Kumar (Upkar), Sultan Ahmed (Heera,), Feroz did Anandji, who’d hit a raw nerve. “We retained the first take, because Khan (Apradh), Subhash Ghai (Kalicharan) and Chandra Barot (Don)…. we’d have never got that emotion again,” once revealed Anandji. giving hit albums. They synergized with new lyricists like Gulshan Bawra Almost 10 years before Kalyanji passed away (24 August 2000), the duo (Zanjeer) and MG Hashmat (Kora Kagaz) and created chartbusters. They had quit the music scene. Soon after Tridev (1989), Kalyanjis son Viju mentored singers like Kumar Sanu, Alka Yagnik, Sadhna Sargam and Shah had begun making a name for himself. After having done more than Sunidhi Chauhan. In fact, they gave the name Kumar Sanu to Kedranath 250 films, the brothers retired at their peak. They followed their father's Bhattachraya and Sadhana Sargam to Sadhna Ganekar. In fact, when dictum - 'When the shadows grow long its sunset time!' their father warned them of ego creeping in between them, Anandji’s witty In 2005, the group Black Eyed Peas won the Grammy Best Rap retort was, “Ek suraj banega, ek chand!” Performance for their song Don’t Phunk With My Heart (Monkey Brought up in old world Girgaum, 11-year-old Anandji became part of the Business). Interestingly, the track put together Kalyanji-Anandji’s Yeh chorus in Devika Rani’s Meghdoot (1944). Kalyanji, older by five years, mera dil pyar ka diwana (Don) and Ae naujawaan (Apradh). Anandji was enjoyed playing the violin and the guitar. The two would participate in the felicitated by BMI (Broadcast Music, Inc) in 2006, several years after their Sarvajanik Utsav, Navratri and Ganpati celebrations. The brothers, who retirement. hail from a family of Kutchi traders, pioneered the trend of orchestral Pradeep Deshpande groups, naming it Kalyanji Virji and Party and held musical shows. Soon, HO: F&A Kalyanji got hold of a new electronic instrument called the clavioline – an electronic keyboard invented in France. With this instrument they played the hypnotic been (the music to entice AN AMAZING SENTENCE IN ENGLISH snakes) for a snake sequence in the film Nag Panchami (1953), the music of which was scored by Chitragupt. People came to the theatres just to Remarkable indeed! The person who made this sentence must be listen to this music. he duo played the been once again for Hemant a GENIUS in English vocabulary. Kumar’s composition Man dole mera tan dole in Nagin (1954). The cult "I tune continues to be played in mandirs, during navratri and even do baaraats! not They later composed for Samrat Chandragupta (1958, Chahe paas ho), know Post Box 999 (1956 – Naina hai jadoo bhare) and Dil Bhi Tera Hum Bhi where Tere (1960 - Mujhko is raat ki tanhai). The credits, however, had the name family Kalyanji Virjee Shah. Producer Subhash Desai, who was introducing his doctors brother Manmohan Desai in Chhalia (1961), suggested that he’d acquired introduce the duo as Kalyanji-Anandji. Though Jab Jab Phool Khile illegibly (1965) was set in Kashmir, they couldn’t use the ethnic santoor and the perplexing matka. The heroine was a modern girl, so the song Yeh sama, sama hai handwriting; yeh pyaar ka had a Western rhythm. nevertheless, Kalyanji-Anandji’s synergy with Manoj Kumar created soaked-in-the-soil extraordinary numbers. In Upkar (1967), the grim Kasme vaade was to appear before pharmaceutical the interval. The brothers feared bored audiences would leave the theatre intellectuality, half way, more so because it was to filmed on Pran, a villain. But when counterbalancing they attended the premiere in Delhi, the audience went rapturous and indecipherability began clapping hard on the song. Manoj Kumar’s Purab Aur Pashcim transcendentalizes (1970) was a cross-continent chronicle. Koi jab tumhara was filmed in intercommunication's London but the hero being an Indian, the rabab was used to convey his incomprehensibleness.'' melancholy. In this sentence, there are 20 words. In first word, there is one Vijay Anand’s Johny Mera Naam (1970) was a celebration of their letter, in second one there are two letters, three in the third one. versatility with the emotional Babul pyaare, the devotional Govind bolo Like this, there are 20 letters in the 20th word. Hari Gopal bolo, the fun Pal bhar ke liye and the sensuous Husn ke laakh Smitha Kolleri rang. HO: Audit 12 Selfishness is the root cause for human activities – Ramesh Kumar Bung. 5 STEPS WOMEN MUST TAKE FOR FINANCIAL INDEPENDENCE

Society doesn't view it as [a woman's] role to earn money, or her right to One should take a life cover (term insurance preferably) to guard against make financial decisions'. As women walk shoulder to shoulder with men such losses. This will ensure that the lifestyle and milestone goals of the in all walks of life, it is becoming increasingly imperative for them to know family are met in case of unforeseen death. how to save, invest and secure their financial future. 4. Create an emergency fund: An emergency fund should be created A. Working Women: To achieve the above objective, working women to meet COVID-19 like situation which led to pay cuts and job losses. The (women who have a paying job other than the work they do at home) fund would help to meet the household expenditure for a few months. should follow a simple five step process: LinkedIn was full of posts by people who were laid off during the pandemic and had to suffer because they had not planned for such an 1. Set financial goals: The first step is to set financial goals. The goals emergency. Better be prepared than be sorry, as the adage goes. have to be specific in terms of timing and amount. Goals could relate to foreign travel, marriage, children, their education and marriage, 5. Plan for retirement: We all need to retire one day, normally at the age retirement, etc., Goals can be further broken down into short, medium of 60 years. After retirement we may not have a regular income. Hence, and long term goals. The current and projected income and expenditure one should invest in a pension scheme which would provide monthly need to be analysed taking into account the inflation impact to determine income to meet household and medical expenditure. Unless one knows the saving potential. Such an exercise also shows if one is incurring how much corpus is required to live a comfortable life after retirement, one frivolous expenditure or has set very high goals difficult to achieve in would not be able to plan properly. current income. B. Homemakers (housewives): Homemakers or housewives need to 2. Save and invest regularly: After the saving potential is determined, keenly participate in the financial planning of their families. It is they who one should start saving regularly for the various milestone goals. The type make the monthly budgets. They should, along with their partners, set of instrument which should be used for saving would depend upon the their financial goals over the short, medium and long term. Goal setting type of goal and the timing. Long-term goals can be funded more through will make them aware of the sums of money required at different points of equity while short term more through debt. Tax implications will also need time to achieve their milestone goals. COVID-19 has brought to the to be taken into account while making the decision. The various avenues forefront the vulnerability of our lives. To be fully prepared to meet such available for investments are - fixed deposits, corporate bonds, equity exigencies, housewives should ensure that their partners have taken shares, mutual funds, pension schemes, real estate, commodities, etc. adequate health and life cover. This would help the family to take care of Investing small amounts in equity / debt instruments will help one to take big medical costs and also lifestyle / milestone expenditure in the event of the benefit of compounding from an early age. Investing regularly is a unforeseen death of the income generator of the family. If the family prerequisite for wealth creation and attaining financial freedom. It's often doesn't have an emergency fund, the top most priority after insurance said that when you sleep your money works for you. One should save at cover, should be to build a corpus which would ideally take care of least 30% of income which is India's average savings rate. household expenditure of six to twelve months. Active rather than passive participation in financial matters is the key to secure financial future. The 3. Take adequate health and life insurance for self and housewife should be aware of all their assets and liabilities and should dependents: Expenditure on health is one of the bigger components as make sure she is the nominee for all investments, bank accounts, we grow. The inflation in the health sector is also higher compared to insurance policies. These are some of the hygiene checks but very normal increase in prices. One should take health insurance for the family important. If all of this sounds too complicated or difficult to understand, including dependents. This will protect against any big unforeseen then one shouldn't hesitate to consult a financial / investment advisor and expenditure due to illness / disease. One also needs protection against loss seek professional advice. of income due to disability, critical illness and insurance. Dependents need to be compensated for the loss of income due to death of the bread earner. Sheela Jaiswal Ameerpet Branch

NEW PF LIMIT RAISED TO RS 5 LAKHS FOR TAX-FREE INCOME

Finance Minister raised the limit for tax exemption on interest earned on provident fund contributions by employees and employers combined in employee provident fund contributions to Rs 5 lakh per year in defined her Budget for 2021-22, in an attempt to deter high earners from investing cases. The new rule will go into effect on April 1st. EPFO (Employees' in what is supposed to be the common man's retirement fund. Provident Fund Organisation) has more than six crore members. Both the The minister said the tax-free limit is now being amended to a maximum employee and the employer contribute 12% of the employee's basic of Rs 5 lakh per year, in response to a debate on the Finance Bill 2021 in salary and dearness allowance to the EPF. The current interest rate on EPF Lok Sabha. This exemption, however, is subject to the condition that the deposits is 8.50% per annum. contribution of up to Rs 5 lakh does not include employer contributions in The government has doubled the limit of provident fund (PF) excess of the statutory limit of up to 12% of basic pay. This would apply to contributions on which interest income will remain non-taxable, providing situations in which employers do not contribute to a retirement fund. The substantial relief to a large number of middle to high-income earners. Rs 2.5 lakh limit applies to 92-93% of subscribers, and they are eligible for Sitharaman set a limit of Rs 2.5 lakh per year on tax-free interest earned on tax-free assured interest under this scheme.

He who is endowed with kindness and good behaviour is respected by all – Ramesh Kumar Bung. 13 THIS COUNTRY HAS BEEN NAMED THE WORLD'S HAPPIEST NATION FOR THE FOURTH TIME DESPITE PANDEMIC

Covid-19 has done little to alter the ranking of the world's happiest people's own evaluation of their lives,” John Helliwell, one of the countries, with Finland at the top for a fourth year running, an annual report's compilers, said in a statement. “One possible explanation is UN-sponsored report said. The researchers behind the World that people see Covid-19 as a common, outside threat affecting Happiness Report, now in its ninth year, used Gallup data asking everybody and that this has generated a greater sense of solidarity and people in 149 countries to rate their own happiness, also taking into fellow-feeling.” account measures such as GDP, social support, personal freedom and Author Jeffrey Sachs meanwhile warned that “we need urgently to levels of corruption to give each nation a happiness score, which is an learn from Covid-19,” adding that “we must aim for wellbeing rather average of the past three years. than mere wealth.” Finland, which throughout the health crisis has Once again, the top spots were dominated by European countries — reported some of Europe's lowest incidences of the coronavirus, with Denmark coming second, followed by Switzerland, Iceland and “ranked very high on the measures of mutual trust that have helped to the Netherlands. New Zealand, falling one place to ninth, was again protect lives and livelihoods during the pandemic,” the authors said. the only non-European nation in the top ten. Other climbers included Finland's top spot in the happiness list has previously been met with Germany, up from 17th to 13th, and France, rising two to 21st. The raised eyebrows in the country whose population of 5.5 million is said UK, meanwhile, fell from 13th to 17th place, while the US fell one spot to shy away from spontaneous demonstrations of joy, valuing instead to 19th. African nations Lesotho, Botswana, Rwanda and Zimbabwe the quiet and solitude of the country's vast forests and thousands of came at the bottom of the table, but ahead of Afghanistan which was lakes. The northern country's long dark winters were reputed to be classed as the world's unhappiest nation this year. behind high levels of alcoholism and suicide, but a decade-long public The authors also compared this year's data to previous years' averages health drive has helped cut rates by more than half. Finland's residents to gauge the impact of the pandemic, and found “significantly higher enjoy a high quality of life, security and public services, with rates of frequency of negative emotions” in just over a third of the countries. inequality and poverty among the lowest of all OECD countries. But positive emotions increased in 22 countries, and “surprisingly G. Padmini there was not, on average, a decline in well-being when measured by HO: IT

INCOME TAX RULES ARE CHANGING FROM APRIL 1, HERE'S A LOOK AT NEW NORMS

April 1 will mark the beginning of a new financial year and will bring a from external sources in the ITR is known as pre-filled data. The slew of income tax changes. Some of the changes were announced by information which is currently pre-filled in the ITR form includes the Union Finance Minister while presenting the Union Budget 2021 personal information, bank details, details of salary income as per in February. Here is a list of changes which will be introduced from the form 16, details of TDS, TCS, taxes paid as advance tax, etc. In the coming financial year. Budget 2021 it was announced that some more details including capital gain arising from the sale of listed securities, dividend income EPF tax rules: Finance Minister in Budget 2021 proposed that the and interest income received from the bank or post office will be pre- interest on employee contribution towards provident fund be exempt filled in income tax return. up to the maximum of Rs 2.5 lakh, and any interest income from the contribution above this limit will be taxable in the hands of the LTC cash scheme: To provide tax exemption to an employee employee. This provision will come into force from or after April 1, receiving a cash allowance in lieu of Leave Travel Concession (LTC) 2021. subject to incurring the specified expenditure has been proposed for the FY 2020-21. TDS at a higher rate: Higher tax deducted at source (TDS) or tax collected at source (TCS) was proposed by FM to make more people Advance tax liability: Only after the declaration or payment of the file income tax returns (ITR). dividend, the advance tax liability on dividend income will arise. Non-filing of ITR by persons above 75 years of age: The Budget Last Date to file ITR for FY 2019-20: The last date for filing ITR 2021 proposed that an individual who is of the age of 75 years or for FY 2019-20 is March 31 and those who will not be able to file the above having income from pension and interest from any account returns till March 31 will have to pay a late fee. While the last date for maintained in the same specified bank in which he/she is receiving ITR revision is also March 31, 2021. pension are exempted from filing income tax returns (ITR). This Last date to make a tax-saving investment: The last date for proposal was made to reduce the compliance burden of the senior making certain investments in FY 2020-21 which helps in tax savings citizen. under the ITR is March 31. Pre-filled ITR Forms: The information which is auto-populated 14 Great trials and adversities will make you stronger and stronger – Ramesh Kumar Bung. WOMEN BEAT MARKET, GET RICHER: A FIRST-OF -ITS-KIND - HOW INDIAN WOMEN ARE INVESTING

On the occasion of International Women's Day 2021, one of India's 'The role of women in India has undergone a sea change compared to favourite investment app, ETMONEY has unveiled an investment report yesteryears, challenging archaic notions of their impact on society at large. based on financial insights collated from its female user-base. The report Today's crop of modern women is standing tall and playing an active role aims to debunk myths about the financial behaviour of women, and gain a in IT, Business, Finance, Law, Politics and other major fields. Given our deeper understanding of the underlying factors that have paved the way rapidly changing world, financial equality and independence are for the success of women investors in India. The report reveals that in each imperative, and more so for the ones who aspire to build wealth, chase of the past 4 years, women investors on ETMONEY have earned around their dreams and live life on their own terms. This realisation is becoming 10% more returns every year as compared to their male counterparts, increasingly pervasive as more women in India are becoming cognizant of with their investments offering the best returns in 2020, the year that the importance of investing. At ETMONEY, our primary objective with the challenged every investor. This difference in the average annual returns investment report is to challenge the myth that women are not as savvy as earned by men and women is reflective of two key traits - women investors men in terms of investing, or that they have a risk-averse 'savings' vs an turning savvier in finance and honing healthier financial habits. 'investment' mindset. We are grateful to be a part of the financial journey Women investors have also mastered the art of maximizing tax savings - of these women, and urge everyone to take charge of their finances and with an average of around 15% of their portfolio in ELSS funds, as their lives.' said Mukesh P Kalra, Founder & CEO of ETMONEY. compared to only 12% of men. This has helped women combine tax- More interesting insights on ETMONEY's Investment Report '21: savings with wealth creation. Additionally, women investors on https://bit.ly/3bgbc7s About ETMONEY ETMONEY is India's largest app ETMONEY also have a near-perfect asset-allocation ratio as per their age. for financial services that is simplifying the financial journey of new-age They have demonstrated an extraordinary understanding of market Indians. Consumers use ETMONEY to invest in zero-commission Direct movements, upping their investments during market corrections. mutual funds for Free, protect their families with unique Insurance Besides women demonstrating the hallmarks of being more sound solutions & use ETMONEY Credit Card to take instant loans at low-cost. investors as compared to men, they also have their eyes set on their Growing at 350% yearly, combined with multiple innovative solutions, it investment goals as they are more regular with their SIP instalments as has grown to 7Mn users from more than 1400+ Indian cities and is driving compared to men. With 4X growth in the amount invested using the more than $500Mn of non-payment annual transaction volume on its platform over the past 4 years, and more women across all age groups and platform. geographies joining in, women are gaining confidence in their ability to Musheera Begum invest. This is clear from the rising trend of women from tier II and tier III HO: F&A cities taking to investing, changing the conventional dynamics.

IND-RA UPGRADES FY21 CREDIT GROWTH ESTIMATES TO 6.9 PC

India Ratings and Research (Ind-Ra) has upgraded its FY21 credit growth liquidity in the system, a similar trend was observed in CD-overnight index estimates to 6.9% from 1.8%, given the improved economic environment swap negative spread, which is showing green shoots in credit demand. in 2H FY21 and the government's focus on higher -- spending especially Net foreign portfolio investments in equity declined in January 2021 while on infrastructure. Amid the pandemic, the credit off-take in banking net investments in debt segment totalled negative 2,518 crore. India system remained muted, which led to lesser issuances of certificates of along with other emerging countries like Taiwan and South Korea saw a deposits (CDs). The CD issuances for January 2021 increased for public large sell-off by foreign portfolio investors during the month. Investments sector banks but remained muted for private banks. Concurrently, the CD by mutual funds in non-convertible debentures have improved. On the yield across maturities was confined to a narrow range amid subdued other hand, said Ind-Ra, investments by mutual funds in CPs and CDs issuances. have declined in banks and corporates specifically. The issuances of commercial paper (CP) by corporates fell due to a lesser requirement amid fewer rollovers. The CP yields, however, saw an upward revision due to the Reserve Bank of India's announcement of the restoration of liquidity management operations. Besides, demand from fund houses for corporate bonds and short-term funds increased by Everything will be okay in the end. 5,200 crore and 1,000 crore respectively. On the other hand, CP If it is not okay, then it is not the end. issuances by non-banking financial companies and housing finance companies remained encouraging, both in terms of total amount and Umesh Chand Asawa volumes. Ind-Ra said the normalisation of economic activities and a conducive rate environment remain supportive for this segment. On account of the excess

Be resolute have an iron-will – Ramesh Kumar Bung. 15 BIDDING FAREWELL

Sri Ramesh Kumar Bung, Chairman bidding farewell to Sri V.P. Asthana, working as Joint Manager / Branch Manager of our Serilingampally Branch who retired on his superannuation. Sri Umesh Chand Asawa, MD & CEO and other executives on the occasion.

Never procrastinate. Deep relationships are not built by All the problems you face today Forcing you to understand me, but Were the small challenges By giving you the confidence that You overlooked yesterday. I have understood you. Umesh Chand Asawa Ramesh Kumar Bung

Printed & Published by Smt. Ranjana Sharma on behalf of Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Head Office : 8-2-680/1&2, Road No. 12, Banjara Hills, Hyderabad - 500 034, Telangana State, INDIA Tel. : 040 2461 5296 / 99, 2343 7100 - 7103 & 7105 Fax : 040 2461 6427, E-mail : [email protected] Website : www.apmaheshbank.com For e-HAMARA PRAYAS Please visit our website www.apmaheshbank.com

16 www.apmaheshbank.com