BD BHARGAVA...

To achieve your 
DREAMS of a Healthy and Happy Life 
Rearrange, if Necessary,
but Remember this A to Z.

You are unique of all God's creations, nothing can replace, you.

Love yourself first and most.

Open your eyes and see things as they really are

Read, study and learn about everything important in your life.

Make things you Desire and Love most happen, putting in the required Effort.

Visualize them.

Want them more than anything.

Zero in on your target and go for it.

X-ray critically your activities and taking remedial actions accelerate your efforts.

Believe in yourself.

Avoid negative, thinking sources, people, places, things and habits.

Ignore those who try to discourage you.

Stop procrastinating.

Consider things from every angle.

Just keep pursuing Your Dreams, Aims and the Targets.

Don't give up and don't give in.

Keep trying no matter how hard it seems - it will get easier.

Practice leads to perfection, so do not waiver.

Quitters never win, and winners never quit.

Take control of your own destiny.

Hang on to your Dreams at all cost.

Understand your-self to better understand others.

Enjoy life today--yesterday is gone, tomorrow may never come.

Never lie, cheat or steal, always strike a fair dealing;

Family and friends are hidden treasures, seek them and enjoy their company/riches.

Give them more than you initially thought.

We all dream of achieving a goal we have set for yourself. We are required to put in lot of effort. This effort needs to be in the right direction. An effort has been made in this article to point out what ought to be done and what steps should be avoided so that we do not get waylaid. There are 26 sentences, each beginning with one of the alphabets and all alphabets are covered and find a place. You are free to rearrange the order in which they have been presented by me but you are not to ignore any one of them, if you want to succeed. Remember always it is our prime duty to proceed in a moralistic way and not by using evil and deceitful ways just to reach our goal.

I am sure we all can succeed in reaching our goal/aim if we follow all the rules listed in the Article. You are welcome to get in touch with me for any clarifications you need unhesitatingly.

Let us look forward to getting the Right Dream and thereafter pursue consistently and make all out efforts to fulfill our DREAM and lead a Happy, Prosperous, Peaceful and Healthy Life and set an example for others to follow who come in contact with us in our everyday life.

B.D.Bhargava

tara@bhargavas.net

PP RAMACHANDRAN

(6)

I moved from Administration to the Division of Monetary Research headed by Shri. P.V.Ranganathan. He was always immaculately attired in white trouser and shirt and colourful tie and coat. He was noted for his temper and tantrums. Stories about him are legion but I shall restrict myself to one. 

He had joined the Bank as a Research Superintendent. Fresh from Madras, understandably of Hindi and Marathi he was innocent. One evening as closing time approached he decided to sit for some time to clear some urgent work and instructed his peon not to keep his papers in the cupboard. That worthy, not having followed his instruction in English began keeping his papers in the cupboard. Ranganathan got wild and shouted at him. “You fool. I told you not to keep my papers in!” 

No sooner was this sentence uttered than was heard the loud sound of a hand slapping a face. The peon moved out of the hall, en route cut his face with a blade and complained to Administration that he was beaten by Ranganathan and he was bleeding. 

After first aid, the Administrative Officer conducted an enquiry and learnt  from whoever was present that they  only heard the sound of a slap but as to who slapped whom they had no idea. The peon got the benefit of doubt and Ranganathan was warned to be more careful and the case was closed !.

HABIT

tara@bhargavas.net

Retd.Secretary (mktg),Central Office.

New inflation series with 2012 as base year

Sir,

In continuation to my yesterday's E-Mail I am forwarding the press release Dt. 12.02.15 which was embargoed till 5.30 PM.

This change seems to be against the working class. Kindly examine this aspect after studying it thoroughly.

With regards,

K. P. Verma, 

Retd Manager, DO Varanasi

CLICK HERE TO READ PRESS RELEASE DT.12-02-15

Cashless admission and treatment 2015-16‏

I note the urgency mooted by Sri Sreenivasa Murthy on the above subject. As the new policy year is about to commence in about 2 months from now, it is absolutely necessary to put pressure on the Management to introduce cashless admission and treatment to employees and retirees from 1-4-2016, which New India is prepared to offer at no cost or minimum cost. There cannot be any strong reason for LIC not to accept this offer, which is more relevant now as the extended target amount optable is 20 Lakhs,  This kind of money none of us can arrange with any amount of serious effort to pay to the Hospital at the time of discharge.

I may also point out here that HAL has recently extended Medi-claim facility to all those retired earlier to 2007 without any need to pay  premium except one time registration fee of Rs. 250. The  cover is a floater policy for retired and spouse for 4 Lakhs on cashless basis through Mediassist and covers OPD expenses of Rs. 20000 on floater basis on reimbursement basis.  HAL will credit 1.5% of the profit to a fund to meet the expenses.

Now is the  time  to raise our voice " Let New India give US  what their employees and retirees get" and urge LIC to accede.  

T SAMPATH IYENGAR

BANGALORE

PP RAMACHANDRAN

IMF DIRECTOR (5)

This story relates to the visit, in February 1958, to R B I of the Managing Director of the I M F — the noted Swedish banker Per Jacobsson. When he was leaving for Delhi, Governor H.V.R. Iengar and Shri V.G. Pendharkar went to the airport to see him off. Jacobsson was tall and quite a hefty person. 

As he walked towards the plane, an Air-India Boeing 707, Governor Iengar asked Pendharkar how much he thought Jacobsson weighed. Pendharkar said, about 175 pounds. Iengar said, NO, he was much more than that. 

And just when Jacobsson entered the plane one of its tyres blew, as if to protest the heavy weight thrust upon it without warning, Iengar said, “My God ! Look what has happened. Even the plane has sunk under his weight!”.

FROM CANDLES TO SOAP

I reproduce below the attachment sent by Mr K. Kalyanaraman.

From Candles to Soap

"In 1879, Procter and Gamble's best seller was candles. But the company was in trouble. Thomas Edison had invented the light bulb, and it looked as if candles would become obsolete. Their fears became reality when the market for candles plummeted since they were now sold only for-special occasions.

The outlook appeared to be bleak for Procter and Gamble.However, at this time, it seemed that destiny played a dramatic part in pulling the struggling company from the clutches of bankruptcy. A forgetful employee at a small factory in Cincinnati forgot to turn off his machine when he went to lunch. The result? A frothing mass of lather filled with air bubbles. He almost threw the stuff away but instead decided to make it into soap. The soap floated. Thus,
Ivory soap was born and became the mainstay of the Procter and Gamble Company.

Why was soap that floats such a hot item at that time? In Cincinnati, during that period, some people bathed in the Ohio River. Floating soap would never sink and consequently never got lost. So, Ivory soap became a best seller in Ohio and eventually across the country also.

Like Procter and Gamble, never give up when things go wrong or when seemingly unsurmountable problems arise. Creativity put to work can change a problem and turn it into a gold mine." 
Regards.

C H Mahadevan

New inflation series with 2012 as base year to be released today (13-02-15)

New Delhi: In order to present a better picture of the price situation in the country, government will tomorrow release a new series of Consumer Price Index (CPI) with 2012 as base year for computing retail inflation rate.

Representational image.

The first series (revised) has been compiled for January which will be released on 12 February.

The Central Statistics Office (CSO) has recently revised the base year and methodology for computing national account which provides a picture of the economy.

From January 2016 onwards, inflation rates would be compiled using the actual CPI of the revised series, according to an official statement.

CSO has been releasing Consumer Price Indices (CPI) for Rural, Urban and Combined, at state/UTs and all India level, since January 2011.

"Now the CSO is in the process of revising the Base Year from 2010=100 to 2012=100," the statement had said adding that with this (base) revision, the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimised.

Apart from base revision, a number of methodological improvements have been introduced in the revised series.

Prices of Antyodaya Anna Yojanna (AAY) have also been included in addition to Above Poverty Line (APL) & Below Poverty Line (BPL) prices being taken in the existing series.

The weight of food and beverages would be 45.86 in the new 2012 series compared to 47.58 in 2010 series for national index.

The weight of fuel and light segment would be 6.84 in the new series as against 9.49 in the 2010 series.

The weight of clothing and footware segment would be increased to 6.53 from 4.73 while that of housing will be 10.07 from 9.77.

The weight of pan, tobacco and intoxicants will be increased to 2.38 from 2.13. Similarly the weight of
miscellaneous will also be increased to 28.32 from 26.31 in the new series.

The number of priced items has been changed from 437 to 448 in rural and from 450 to 460 in urban at all India level.

In the revised series, 11 new priced items have been added, without dropping any item, in rural sector at all India level. In case of urban, 7 priced items have been dropped and 17 new priced items have been added.

PTI

(courtesy: KP Verma)

BANK NEWS

(1) Ex-gratia in lieu of Compassionate Appointments 

(2)  Qualification for recruitment in sub staff cadre

    The two circulars attached to this e-mail may be useful to the Bank Retirees' Associations in guiding the family members of the deceased employees and / or the employees seeking voluntary retirements on health ground and appointments of their sons / daughters on compassionate grounds according to the new scheme to be made applicable in banking industry w.e.f. 4th August,'14.

-B.G.Raithatha,

General Secretary

Click Here to read CIR: LUMPSUM IN LIEU OF COMPASSIONATE APPOINTMENTS.

(2) MINIMUM QUALIFICATION FOR RECRUITMENT OF SUB=STAFF

OBITUARY

PP RAMACHANDRAN

(4)

The year is 1956 — over half a century ago. I joined the R B I and was posted to the DRS — the Department of Research and Statistics — the ancestor of today’s D E A P — affectionately called the Department of Rest and Sleep! 

It comprised a number of Divisions and I got posted to the administration Division and in-charge of the Leave Desk. One morning a peon came running to me and said, “Narasimham Sab Bulatha Hai”.

And I went to his cabin, knocked and then entered. He was barely visible behind a huge desk full of papers, file boards and a pile of books. I greeted him and introduced myself. He smiled a boyish smile and asked,

“Mr Ramachandran, I wonder whether you can 

tell me the casual leave to my credit.” 

Without batting an eye-lid I shot back, 

“You need not wonder! If you give me a couple of minutes I shall enlighten you.” 

Narasimham laughed loudly and said, 

“Young man, it is just a phrase!"

That was my first lesson in English from the then Deputy Director, 

M. Narasimham who went on to become RBI’s Secretary and Governor. He asked me to read the London Economist and the E P W — both of which I religiously read even today.

BANK NEWS

Banking news compiled by AIBEA

FORWARDED (Click Below) 

-B.G.Raithatha,

General Secretary

CLICK HERE TO READ BANKING NEWS.

BANK NEWS

Circular issued by All India Union Bank Officers' Federation

regarding strike in banking industry

FORWARDED  (Click below)

-B.G.Raithatha,

General Secretary

Click Here to read the Circular.

Continuance of Tax Rebate of R. 2000/- under Sec 87-A for assessees having taxable income upto Rs. 5 Lakhs.‏

Rebate U/s. 87A for FY 2014-15 / AY 2015-16

Finance Bill 214 has increased Income Tax Exemption Limit by Rs. 50000/- for Individuals and Senior Citizens below the 

Age of 80 Years. Now the Question arises is do Rebate of income-tax under section 87A as applicable for FY 2013-14 also available for FY 2014-15 and subsequent years.

Finance Act 2013 has introduced the rebate U/s. 87A and in this section it has not restricted the exemption to any particular Financial or Assessment year. Further in Recently Presented Budget 2014 by Finance Minister Arun Jaitley  section 87A was not been amended.

So in our view Rebate U/s. 87A is Available to Resident Individuals for A.Y. 2015-16/ FY 2014-15 , whose total income does not exceed 5 Lakh rupees in Financial Year 2014-15. Further rebate is also  available for all the years succeeding A.Y. 2015-16 on compliance of conditions  unless specifically withdrawn.

Key Points

Amended Section 87A is  applicable from 1st April, 2014 and will, accordingly, apply in relation to the assessment year 2014-15 and subsequent assessment years.

Rebate is available only to Resident individuals and not available to Non Residents.

Rebate available to both Male and Female assesses

If the total tax payable by is less than Rs. 2000/-, rebate is restricted to “total tax payable”.

Rebate is allowed before levy of Education Cess, SHE Cess & Surcharge.

Operation IMAGE

Rebate benefit is available to all category of Individuals but not to super senior citizen, since he is already fully exempted up to Rs. 5 lakh.

Above amendment does not mean that basic Exemption Limit has been raised from Rs. 2,50,000/- to Rs. 2,70,000/-.

Extract of Section 87A is as follows :-

The following section 87A shall be inserted after section 87 by the Finance Act, 2013, w.e.f. 1-4-2014 :

Rebate of income-tax in case of certain individuals.

87A. An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.

(Compiled by Taxguru Team- Republished with Amendments)

(Recd thru V.Gopalan)

I WONDER WHY ?

* Retd. Secretary (Mktg.) Central Office

PP RAMACHANDRAN

A RBI GOVERNOR (3)

I had the privilege of being the liason officer of Governor Shri.R.N. Malhotra, when he came for the Central Board meeting in Trivandrum. He desired to visit the ancestral house of his wife. I was assigned the task of taking him there. 

As Governor he was accorded status of a State Governor and resided in the Raj Bhavan. I took him from there at 8 a.m. 

We were in an Ambassador car with a police jeep ahead of us blaring a siren. The van behind us carried half a dozen policemen. 

We reached Anna Malhotra’s house; the Governor spent some time talking (through me) to some old relatives. As we were about to depart Governor’s brother-in-law barged in and asked me to request the Governor to get a job for his son. I duly transmitted the request. Malhotra frowned and asked me to tell him 

“ To go to hell.." 

What I told him in Malayalam was “there are several worlds for your son”. Governor appeared happy at my long sentence and we drove back to Raj Bhavan.

BIG WIN FOR AAP IN DELHI ELECTIONS

ALSO, BJP RETAINED ITS IDENTITY THERE !

SPECTACULAR VICTORY !

Every citizen who wants to see religious harmony prevail in this land

Every citizen who wishes for governance that benefits the commoner

Every citizen who wants to see left of the centre politics to prevail and win 
will rejoice and share the joy of today's peoples' verdict in Delhi Elections.

Remember the Prime Minister himself was canvassing 

in this election. All the kings men were shown their place.

Analysis..vote share..shifting of vote shares .. etc etc will be there.
But the message that came loud is people do not tolerate arrogance of power.
People know their priorities. It is time the rulers rule for the people. 

While in opposition the present rulers thundered against FDI in Insurance. 

What did they do after getting a massive mandate? Make Ordinance 

for entry of FDI !

Delhi said .. NO TO MODI, NO TO BEDI. Massive YES for A.K.

All kudos and bouquets to Arvind Kejriwal and his dedicated team.
They have rewritten history. 

 B.Ganga Raju Hyderabad

Sebi to Suspend Companies Evading Taxes and Laundering Black Money in Stock Market

(courtesy: the Hindu)

NEW DELHI: Cracking its whip on entities using stock markets for evading taxes and laundering black money, watchdog Sebi has decided to suspend trading in listed companies that are found to be used by such manipulators.    

The capital markets regulator has identified three parameters for taking action against such companies and the trading would be suspended in the shares of those entities that satisfies more than one of the criteria.     

"These parameters include these companies being non- existent on their mentioned address, misuse of preferential allotment and weak fundamentals not supporting price rise," a senior official said.     

In its probe into various such cases, Sebi found huge share price rally in shares of the companies that existed only on paper and did not even exist on the addresses mentioned in their regulatory filings, while preferential allotment has emerged as a major route for laundering of illicit funds.      

The modus operandi typically involves stock market dealings aimed at evading capital gains tax and showing the source of income as legitimate from stock markets.

TAX EXEMPTION

Availability of Tax Rebate of Rs. 2000/-under Section 87 - A

to those whose total taxable income does not exceed Rs. 5 lakhs.‏

Dear Mr Mahadevan

If I remember right, this rebate was made available for FY 2013-14 by introduction of a new provision from last AY. It seems that this rebate continues to be available for the FY 2014-15 also. The IT calculator 
available under GOI IT Dept website, shows "0" tax for a taxable income of Rs. 3,20,000/- for senior citizens above 60 years of age. But this 
rebate, it seems, is not available to Super Senior Citizens aged 80 and 
above, since their basic exemption limit is Rs. 5,00,000/-. Kindly cofirm.

V. Gopalan

LET US NOW PLAY WITH SOME WORDS !

The most egoistic and arrogant 

- 1 letter word - I - Avoid it. 

The most pleasant 

- 2 letter word - We - Use it Often. 

The most poisonous 

- 3 letter word - Ego - Suppress it. 

The most used 

- 4 letter word - Love - Value it. 

The most pleasing 

- 5 letter word - Smile - Spread it. 

The most nonsensical 

- 6 letter word - Rumour - Bury it. 

The most sought after 

- 7 letter word - Success - Strive Towards it. 

The most undesirable 

- 8 letter word - Jealousy - Fight it. 

The most powerful 

- 9 letter word - Knowledge - Acquire it. 

The most essential 

- 10 letter word - Confidence - Win it. 

The most dangerous 

- 11 letter word - Provocation - Conquer it. 

The most desirable 

- 12 letter word Perseverance - Cultivate it. 

The most indispensable 

- 13 letter word - Determination - Strengthen it. 

The most thought provoking 

- 14 letter word - Discrimination - Judiciously use it. 

The most desirable yet rarely followed 

- 15 letter word - Straightforward - Stick to it. 

 Time to play with words in a different way - a number game.

B.D.Bhargava
tara@bhargavas.net

PP RAMACHANDRAN

He was denied admission by the durwan. 

He was dressed in a flat white dhothi, 

A RBI SCENE(2)

white full shirt, and a black alpaca coat (generally worn by lawyers).

He had a luxuriant tuft in which flowers were tucked in. 

He was in simple chappals and carried an old black box. 

No doubt the durwan barred entry to this man as he thought he was some salesman. When he told the durwan that he had come from Madras for an interview for Officer’s post in RBI the durwan allowed him. 

This was the maiden entry of R.Janakiraman to the majestic old main building (of RBI). On the interview board were three Deputy Governors, Venkatappiah, Sundaresan and Ramnath. 

All were in western attire - one sporting even a bow tie. They were amused to see this candidate. However, they were impressed when they learnt that he held a post-graduate degree in Geography and displayed a score of gold medals he had amassed during his academic career. 

The Board asked him a number of questions which he answered with ease. 
Then one of the D.G’s told him RBI has a dress code 
“You will have to remove your shikha or tuft and have a crop.. 

Will you do it?” 

“Certainly not” answered the candidate. 

“Why?” asked an aghast D.G. 

“Since you have not offered me a firm job, I am apt to lose my favourite tuft and also not got the job”. 

They had a hearty laugh and asked him to join the RBI then and there. R.Janakiraman rose to the level of Dy. Governor. 

He recounted this story at his send off.

BANKING NEWS

Banking News compiled by AIBEA

FORWARDED (Click below)

-B.G.Raithatha,

General Secretary

Click Here to read BANKING NEWS, FEB.2015

DOWN MEMORY LANE (1)

(To be continued)

BLOOD PRESSURE

Are you worried about your high blood pressure? Sometimes, negligence and ignorance can pay a heavy price. Here, I have compiled a few simple tips for you to bring your seething blood pressure down. 

1. Relax. It is one of the mantras for a healthy living. Meditation and yoga can bring inner peace and control anger and rush of adrenaline.

2. Exercise can control your shooting blood pressure. If you are not used to  exercise then try walking for half an hour and

yoga. But, at any cost, regular physical activity is a must. It helps blood circulation and your cardiovascular capacity. 

3. Watch your sodium and salt intake. For this, eat home made foods,

unsalted nuts, avoid instant soups and read labels of ready made

foods. Also eat fresh food as far as possible.

4. Reduce alcohol intake and quit smoking if u do.

5. Drink water up to 3-4 litres. Excess sodium in your body will be flushed out with increased water intake.

6. Eat avacadoes, bananas, oranges, dried apricots, prunes and raisins, nuts like pistachios, seeds of pumpkin, sunflower, squash and flax. Include dried herbs like tulsi, parsley, coriander leaves, spinach and the like in to your diet as they are rich in potassium. Poultry, eggs and meat also contain potassium.

7. Calcium may help to regulate blood pressure. Get 1000 mg of calcium if you are between 19-50 years old and 1200 mg if you are above 50. 

8. Magnesium deficiency is often seen in hypertensive patients.

Hence eat green leafy vegetables, whole grains and dry peas and

beans.

9. Omega 3 fatty acids in fish oil is yet another remedy to

hypertension.

10. Garlic sulphides manage your cholesterol and also help to regulate blood pressure.

11. Have sugar free dark chocolate as it is a clinically proven

blood pressure regulator.

Courtesy:HK Aggarwal

BANK NEWS

Circular issued by AIBRF supporting agitation of UFBU

* FORWARDED HEREWITH (Click Below)

-B.G.Raithatha,General Secretary

 * Click Here to read the Circular.

Editorial Policy explained...

*Written in 2010.

How to reduce salt in your diet

Too much of sodium content in your diet can increase your cholesterol levels leading to an increased risk of heart attack and other cardiovascular issues.

While salt is an essential ingredient in any recipe you cook, here are some ways to reduce the intake of sodium.

- If you are cooking using a recipe book, add less than the amount of salt mentioned.
- According to studies, most of the additional seasonings you add to your food contain about 95% salt. So, while making pasta, add fresh herbs instead of using a herb seasoning or freshly chopped garlic instead of garlic powder.
- Choose healthier options at a grocery store. Often, packaged foods tend to be high in sodium content because it helps preserve them for longer. Read the food labels carefully for nutritional facts.
- Go for fresh or frozen veggies instead of their canned varieties, which often contain added salt to help increase shelf life.
- Olives and pickles are saturated in salt, as are many smoked and cured meats, like salami and bologna. Limit your intake of these high-sodium foods.
- Add fresh lemon instead of salt when marinading fish or other vegetables.- Cut down on sodium-rich condiments such as soy or mustard sauce and ketchup.

*Retd.Secretary (Mktg),Central Office.

INTERNET USAGE

Drink, Drugs, Cigarettes.  Now, the internet. Taiwan’s parents now have a legal obligation to monitor the amount of time their children spent online.  Lawmakers have approved the Child and Youth Welfare and Protection Act which allows the government to fine parents of children who spend too much time on the internet.  Citing health concerns, the Taipei government can fine parents upto $50,000 Taiwanese dollars ($1,595) if their child’s use of electronic devices ‘exceeds a reasonable time’, reports Taiwan’s CTTV.

“Under the new law, excess screen time is now considered to be the equivalent of vices like smoking, drinking, using drugs and chewing betel nuts,” writes Time magazine’s Melissa Locker.  What is a ‘reasonable time’ remains unspecified. The legislation, needless to say, is controversial. Big Brother is now watching your child.

The Times of India, Chandigarh

Courtesy: HK Aggarwal.

LIVING HAPPILY AFTER RETIREMENT

Speech by 

(After serving in the Reserve Bank of India for forty long years, retired at the age of 60)

I am thankful to the Chembur Senior Citizens’ Association for offering me a chance to be with all of you this evening. I regret that I shall begin with a funeral reference. Since death is but part of Life I shall recount this charming story.

In a tiny village in Kerala, a devout Christian breathed his last and the local priest being out of station, a priest from an adjoining village was called upon to deliver the funeral oration.
“Ladies and Gentlemen”, began the venerable pastor with the dead body in a coffin before him.

“Here lies dead before me a rare human being of this village with outstanding qualities. He was a gentleman, a scholar, sweet of tongue, gentle of temper and very catholic in outlook. He was generous to a fault and ever smiling”.

"Here lies dead before me a rare 

human being of this village with 

outstanding qualities.

The widow of the deceased stood up at the end of the Hall
and screamed, “O ! God ! They are burying the wrong man." 

A similar doubt can reasonably arise in my wife’s mind about the qualities of my head and heart eloquently praised by the previous speaker.

(To be continued)