BANKING, REFORMS & CORRUPTION

Dear Shri Warrier,

Thanks a lot for sending a copy of your book BANKING, REFORMS & CORRUPTION- DEVELOPMENT ISSUES IN 21st CENTURY INDIA. It goes to your credit that the book has been liberally appreciated by eminent personalities like Sh S S Tarapore and Mrs Usha Thorat. As you have mentioned in the preface, you have really expressed your perceptions, anxieties and aspirations about 21st century India Growth story with focus on resource management in Indian context. It is always easy to criticise or find faults with the existing system. Anyone can do it. But you have gone one step further giving practical solutions to the problems. This is really worth appreciating and people sitting in authority should take note of it. Whether they accept your suggestions or not but they need to be debated. In the form of this book you have brought out a well researched document on the prevailing problems with our financial structure. You have also raised critically important issues in the present context which require immediate attention and are required to be addressed on priority basis especially issues like Human Resource Management in RBI, other banks and Public Sector Undertakings. In the chapter on Gold Management you have rightly pointed out that the time has come for authorities to think of setting up professional and dedicated institutions who can handle the gold from banking angle. Ultimately people invest in gold for the sake of security. If a person can be assured that appreciated value of gold will be taken care of, all the gold with public or lying in lockers will come out. 

I am sure in our Group whosoever will get opportunity to lay hands on your book, like me, he/she will read the last chapter first because it deals with pension. That is altogether different thing that it talks of National Pension Scheme. You have also brought out another dimension to the topic of Post Retirement life like old age homes, retirement villages to enable senior citizens to live a dignified life. It has gained all the way more importance in the modern times when families are shrinking and social values are undergoing a sea change. 

Wishing you all the best.

With regards

Madan Gauria, EXRBITES