Source: The Hitavada      Date: 27 Dec 2017 14:26:10










THE report of a Parliamentary committee, which has recommended several steps to contain Non Performing Assets (NPAs) of banks has rightly pointed out that despite having a vigilance mechanism in the banking system, frauds relating to NPAs have not been brought under control. Cases of huge loan defaulters are still coming to light with uncanny regularity, even though concerns over it have been expressed at the highest level in the Government. The panel’s harsh criticism of the Reserve Bank of India for its failure to implement its own guidelines to avert frauds speaks volumes about the apex bank’s style of working. The panel has made a valid suggestion that the RBI should not stop just at issuing guidelines. It must also ensure their strict compliance. The other suggestion that the existing vigilance mechanism should be re-visited to provide more teeth to it, if required, should also be considered seriously. The panel has also favoured disclosing names of individuals who owe money to banks. Now, the ball is in the Government’s court. It must move fast and do the needful.


THOSE who are steeped in superstition and blind faith do not deserve to be the Chief Minister. That is the message Prime Minister Mr. Narendra Modi gave to the political and bureaucratic classes when he praised Uttar Pradesh Chief Minister Yogi Adityanath for debunking the age-old blind faith of ‘Noida jinx’ and twice visited the place against advice. That is the message that a public figure and a popular leader is expected to give in unequivocal terms so that people are won over from unfounded beliefs that ultimately prove harmful to the individual and the society at large. There are several voluntary organisations all over the country which are engaged in educating the masses and making them aware of the adverse effects of blind faith. They have even been able to expose several babas, so called saints and sadhus. As a result of which many of these self-proclaimed godmen have landed where they belong -- the jail. Yet superstition continues to dominate even the literate and elite; high-flying politicians and bureaucrats are no exception to this.