This article (LINK GIVEN BELOW)has been
very nicely presented and portrays the real economic future of bank employees
and when employees are disheartened, depressed, frustrated, dejected,rejected
and unhappy one can visualize the health of the organization they serve.
Writer of the article,
You deserve sincere appreciation from all bankers. But union leaders and
officials constituting top management who are working in nexus with each other
to loot the public money in the name of credit growth and waiver of loan will seldom
find it relevant and eye-opener. Unfortunately these corrupt top officials have
failed even to sustain projected and targeted credit growth rate and comparable
growth in profit despite all freedom given to them and despite their talking of
merit in promotion processes.
Bank Employees or any worker in India should not therefore insist for five day week but focus on respectful living, respectful wage
revision, and refund of unlawful money extracted from PF optees, seniority
based promotion, timely promotion and respect to seniors. Real bankers must
demand stopping of recruitment of officers in scale II or III or IV or higher
in the name of merit. Officers directly recruited in scale III or IV can never
be a better banker compared to an officer who has served the bank for two or
three decades from clerical to officers in lower scale. Bankers should try to save their bank from the
clutches of corrupt bankers who are busy in earning illegal money through bad
lending and ill-motivated compromise or waive of bad loans.
Whimsical transfers and
arbitrary promotion of flatterers by giving him highest marks in interview or
in group discussion and rejecting good officers by giving him lowest marks in
Interview must be stopped immediately to improve the health of bank in public
sector. Three decades ago when banks use to value senior officers , health of
banks was much better than what is today when top bankers claim to have
selected and posted so called meritorious officers at key posts.
Fraud and role of money
and flattery in recruitment, transfer and promotion have strike at the root of
health of bank and this is why sickness in banks have been continuously growing
despite several appreciation by ministers and RBI officials. In the name of
reformation, liberalization and globalization Known as LPG, our great PM and FM
have spoilt the future of hundred crores people of India and history will never
forgive such brainless people.
Government is totally
confused and at a loss. They are unable to visualize any remedy to fiscal
problems India is facing because their mindset is prejudiced with probable
benefits of policies of so called reformation launched in the year 1991 in the
name of name of liberalization, privatization and globalization (LPG). This LPG
cylinder mishandled by corrupt politicians has ignited fire and will burn all
assets earned in the past before reformation era if remedial steps are not
taken by government .
In the name of stimulus
package government gave unprecedented favour to business giants’ after 2008
subprime crisis which erupted in USA and some European countries, number of
billionaires has doubled or even trebled and even more. But on the contrary,
during the same period of reformation , position of poor and middle class
people have deteriorated sharply and they are unable to even run their life
respectfully and peacefully.
It is ironical that small tree fall in Greece but load shedding occurs in India i.e.electric power supply is broken in India due to breaking of wire by falling tree.When Obama eats spoiled food in USA , Indian leaders become sick of loose motion and fever.Due to overspending in Euro Zone , economy of India is disturbed, still Indian leaders say that Indian economy is decoupled with world economy and India will become number one in the world.It is undoubtedly true that only those who can speak false and make false promises only become a successful leader in India.
It is ironical that small tree fall in Greece but load shedding occurs in India i.e.electric power supply is broken in India due to breaking of wire by falling tree.When Obama eats spoiled food in USA , Indian leaders become sick of loose motion and fever.Due to overspending in Euro Zone , economy of India is disturbed, still Indian leaders say that Indian economy is decoupled with world economy and India will become number one in the world.It is undoubtedly true that only those who can speak false and make false promises only become a successful leader in India.
Similarly bank officials
are apt in making policy but who are unable to execute policies honestly have
run the bank as arbitrary ruler or as dictator. They have misused their powers
to torture good bank employees and award flatterers as usually happened=s in
the corridor of normal government departments. Now I am not astonished when
banks are reported to be sick or rating agencies downgrading the rating of the
bank or of India as a whole. It is not unexpected that youth who join the bank
for earning livelihood under compulsion discard the bank job and prefer some
private job inspite of probable exploitation in the hands of private employer.
I am unable to
understand when top management have been promoting officers for last two
decades, (earlier it was seniority based) through fast track or through merit
channel or when they are picking talented boys from campus and when they use
transfer powers to sideline officers who do not perform as per their personal expectations,
why they failed to improve the health and profitability of bank and how do they
convince Ministry of Finance and RBI. They are fortunate that crisis in some
foreign countries erupts and Indian counterparts in banks or in government get
an excuse of global crisis to conceal their misdeeds and ill motivated
performance.
Government will
therefore understand sooner or later that until HRD policies are made good,
transparent and honest, neither bank nor the country can dream of prosperity
which will be long lasting in real sense not portrayed by concocted balance
sheet as Raju did for Satyam. Introspection is inevitable and time is not away
when real culprits will be punished by common men when mismanagement goes
beyond control.
Austerity measures on the way, says Pranab Mukherjee
NEW DELHI: Citing the difficult economic situation, Finance Minister Pranab Mukherjee today said the government would be resorting to a fresh spell of austerity measures to deal with the problems, but made it clear that he was not pressing "panic button".
Winding up a debate on Finance Bill, 2012 in the Rajya Sabha, he said, India's growth was still intact despite moderation in the Gross Domestic Product (GDP) which dropped to disappointing level of 6.9 per cent in 2011-12, down from 8.4 per cent in the previous two years.
"International situation is difficult. Country after country is witnessing economic crisis... I shall have to keep in mind its a difficult world...I cannot live in a world which is not real", he said. The House later returned the bill marking completion of the three-stage budgetary exercise for 2012-13 by Parliament.
Referring to crisis in eurozone and its impact on India, Mukherjee said, the government would resort to some "unpopular" steps to deal with the fiscal problems.
"I am going to issue some sort of austerity measures... whether people like it or not ... to convey a signal that we are responding to the situation", he said, adding, "We are not pressing panic button."
Mukherjee, however, did not spell out the austerity measures.
His statement came on a day when the BSE sensex slipped below the psychological mark of 16,000, mainly impacted by problems in the eurozone countries and other rich nations.
Referring to members mentioning about the Finance Minister biting the bullet, Mukherjee said, "I am not hesitating to bite the bullet if it achieves the goal, not if it is ending in a fiasco."
Winding up a debate on Finance Bill, 2012 in the Rajya Sabha, he said, India's growth was still intact despite moderation in the Gross Domestic Product (GDP) which dropped to disappointing level of 6.9 per cent in 2011-12, down from 8.4 per cent in the previous two years.
"International situation is difficult. Country after country is witnessing economic crisis... I shall have to keep in mind its a difficult world...I cannot live in a world which is not real", he said. The House later returned the bill marking completion of the three-stage budgetary exercise for 2012-13 by Parliament.
Referring to crisis in eurozone and its impact on India, Mukherjee said, the government would resort to some "unpopular" steps to deal with the fiscal problems.
"I am going to issue some sort of austerity measures... whether people like it or not ... to convey a signal that we are responding to the situation", he said, adding, "We are not pressing panic button."
Mukherjee, however, did not spell out the austerity measures.
His statement came on a day when the BSE sensex slipped below the psychological mark of 16,000, mainly impacted by problems in the eurozone countries and other rich nations.
Referring to members mentioning about the Finance Minister biting the bullet, Mukherjee said, "I am not hesitating to bite the bullet if it achieves the goal, not if it is ending in a fiasco."
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