Saturday, October 22, 2016

22nd Convocation Address on 22nd October 2016


Mrs Arthy Sampathy, Mr Sailesh, Prof V.G. Chari and all other Professors, distinguished audience and most importantly, all the graduates getting coronated today -  I am delighted and privileged to be amidst these blossoming flowers of life whose petals are in pleasant colours that the most beautiful butterfly would envy. At the outset, let me congratulate all of you for all that you achieved on this illustrious Siva Sivani Campus. I also congratulate the faculty and staff who should be feeling equally proud of seeing you transcending to a different territory.
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When Dr Chari called me on the morning of 16th of this month to adorn this dais I instantaneously accepted the invitation for, it is a great honour to be in the hall of fame of Siva Sivani Institute alongside doyens like Abdul J. Kalam who ignited the minds of youth and scientists alike. I also realise the responsibility to share with you such lessons of life that you would love to hear.
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If it is my parents who taught me love and affection, it is my gurus who made me sterner stuff. I shall invoke my parents’ and Gurus’ blessings before I call upon you to do all that you wanted to do after you leave this campus. “Matru Devo Bhava, Pithru Devo Bhava, Acharya Devo Bhava.
I was wondering what you would love to hear for the next few minutes different from what you had been listening during the last two years on this campus. I thought the choices made in my life at different points of time could be of interest to you. You are today fortunate to stand in the midst of an intersection that takes you to the roads leading to join a job or setting up an enterprise that creates the jobs.

Friday, September 30, 2016

Lack of oversight on credit guarantee raises concerns

Lack of oversight on credit guarantees raises concerns

Just a year back, Pradeep Malgaonkar, the chief executive (CEO) of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme was extolling the great strides it made in the geographical space of such guarantees. The Trust has issued cumulative guarantees to 23.23 lakh MSE loans involving an aggregate credit of Rs1.08 lakh crore over the past 16 years. Its corpus grew to Rs4,328 crore as of 31 March 2016. About 133 member lending institutions are participating in the scheme. 

But the Reserve Bank of India (RBI) in its Annual Report for 2016 expressed concerns about overleveraging of corpus and the way the guarantee scheme is functioning. Information asymmetry and adverse selection on the part of member lending institutions seem to worry the regulator. More worrisome issue is the absence of regulatory oversight on this institution. 

Wednesday, August 31, 2016

Industrial Health Clinic for Telangana MSEs on the Anvil


Telangana Government has already put in place transparent, accountable, progressive and globally acclaimed industrial policy through TSiPass, T-Hub etc. Its inclusive industrial growth agenda required that the MSEs that actually oil the wheels of innovation shall be put on even keel with non-discriminatory promotional framework.

This has propelled the Industries Minister to adequately and appropriately respond to the call of the MSME Associations in the State that bee-lined to him to pour out their woes with the bank’s hurried actions in declaring them as NPAs only to sell of their silver that included their only dwelling house!!. KT. Rama Rao, Minister for Telangana deserves kudos for taking the initiative of reaching the Governor RBI directly – the first ever such effort in the Federal Republic of India to bat for the MSEs’ issues.