ARTICLE IN INDAIN EXPRESS: WRONG TARGET BY SUCHETA DALAL
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"pankaj mody"
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Todays article in Indian Express- WRONG TARGET by Sucheta dalal in connection with Subject: WOULD HIS EXCELLENCY BE KIND ENOUGH TO DESTROY TEN HEADS OF RAVANA MAKING RESOLUTION ON AUSPICIOUS DAY OF DUSSHERA TO TAKE INDIA FORWARD ???
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THE PRESIDENT OF INDIA,
NEW DELHI
YOUR EXCELLENCY,
FILE NO P1/C-84331 ASSIGNED BY PRESIDENT'S SECRETARIAT
This is in continuation to the ANNEXED email sent to you on Dushera – 22-10-2004.
Kindly have a look at the article which appeared in Indian Express today morning by RENOWNED COLUMNIST Sucheta Dalal , titled as – “ WRONG TARGET” . The same is referred in form of net link as under :-
http://www.indianexpress.com/full_story.php?content_id=57568
I am reproducing the contents as under:--
Wrong target
Media reports say that the Reserve Bank of India (RBI) has asked banks to avoid Price Waterhouse & Co. (PWC) and Lovelock and Lewes as auditors after the Global Trust Bank debacle. The report has the auditing community wondering why the RBI remains focussed on the wrong target. Here’s what PWC’s audit report said for the year ended March 31, 2003: ‘‘Attention is drawn to Note 10 of Schedule XVIII regarding preparation of accounts on a going concern basis even though the net worth of the bank has been substantially eroded’’. This was due to provision for non-performing assets (NPAs) and taking into account the management’s claim about business growth and capital infusion. It warned that the accounts ‘‘do not include adjustments’’ that would be needed ‘‘in case the management’s business plans do not materialise.’’ It also pointed that ‘‘additional provision towards NPAs by utilisation of statutory reserves below the line after the net loss for the year is not in conformity with the accounting principles generally accepted in India.’’ Further it pointed to that fact that certain advances amounting to Rs 311.6 crore had been restructured, subsequent to the year-end, for which the management had claimed that provisioning was not required. Similarly, GTB’s management had claimed that no provisioning was also necessary with regard to certain non-banking assets worth Rs 181.7 crore acquired in ‘‘satisfaction of debts held for long term.’’ Despite these remarks, the RBI had welcomed GTB’s efforts at cleaning up its balance sheet. RBI has also not ordered any action against the firm of Mukund M. Chitale, although its inspection for 2000-01 had said, among other things, ‘‘there was no transparency of the observations of auditors on the affairs of the bank, particularly the correctness and adequacy of provisions. No divergences in asset classification and provisioning were furnished to the bank by the auditors in writing’’. It said, the bank’s proposal to reappoint the auditor ‘‘needs to be examined in the light of the above.’’ PWC’s appointment as auditor was a result of these strictures.
It would be clear from today’s article by Sucheta Dalal backed by solid facts , that the RBI is bent on protecting GTB while ignoring Price Water House reports as well as wanting that that banks should avoid Price Water and Co as the auditors . This shows that RBI wants to conceal the acts of bank management and you as Head of the Country cannot expect and trust the authorities in the Finance Ministry as well as Reserve Bank of India as they would deceive not only people of India but also you. The day you see nine/tenth of the iceberg concealed crashing into the TITANIC –called India , you as Commander of India would weep (repeat weep ), the way the captain of Titanic who was making his last trip on retirement.
In view of the seriousness , instead of depending on the Finance Ministry and delegating to them the contents of my email forwarded on 21-9-2004, it would be best that you take direct control of reigns and directly shoot ten arrows to find truth on how banking frauds happen , how great bank robbers are protected , who protects them and how they protect them and so on.
I am just a child asking to you as father figure , the way I see it and the way Sucehta Dalal and others see it and aptly narrated in a parable as under on House set on Fire :-
http://abdulkalamindia.blogspot.com/2004/09/does-president-realise-from-gtb.html
I have made same mistake on a micro scale confined to my family as a whistleblower and I am weeping but I do not want you to weep because you love children and you have shared yourself openly and lovingly to millions of children by travelling throughout the country. When you truly love them , the suffering would be immense and unbearable and day would come when you would not be able to face GOD and tell him to forgive you because you would realise that you do not deserve forgiveness. I have made same mistakes of trusting and relying on my chartered accountant and advocate and , it is they who destroyed my family. I have only tears in my eyes.
I hope that you do not want Hiroshima and Nagasaki to happen again –being smartly played by RBI and Finance Ministry.
It is time for you to act directly using your personal scientific mind potential which is far above mine !!! Kindly do not delegate nor depend on Finance Ministry and RBI at all as they will deceive you and deceive the citizens of India .
Yours most respectfully,
Pankaj S Mody
pankaj mody
Date: Fri, 22 Oct 2004 09:23:50 -0700 (PDT)From: pankaj mody Subject: WOULD HIS EXCELLENCY BE KIND ENOUGH TO DESTROY TEN HEADS OF RAVANA MAKING RESOLUTION ON AUSPICIOUS DAY OF DUSSHERA TO TAKE INDIA FORWARD ???To: presidentofindia@rb.nic.in, apjabdulkalam@yahoo.com, transparency international , transparencyinternational , tavleensingh@expressindia.com, the hindu , cec@eci.gov.in, theasianage CC: modypan4@yahoo.co.in
from:
PANKAJ S MODY
C/O SHRI SURESH S MODI
40 BMM SOCIETY
PALDI , AHMEDABAD 380 006
EMAILID : psmody@yahoo.com
Dated October 22, 2004
“DUSSEHRA MARKS THE TRIUMPH OF LORD RAMA OVER DEMON KING RAVANA , THE VICTORY OF GOOD OVER EVIL.”
THIS IS REMINDER FOR EXCELLENCY WHETHER EXCELLENCY WANTS TO PLAY SPECTATOR WHILE MOTHER BEING SET ON FIRE ON ACCOUNT OF CORRUPTION, SLOTH, FAVOURITSM, INDIFFERENCE , INJUSTICE, DENIAL OF JUSTICE TO MOST OF THE INDIANS . SEE LINK AS UNDER:-
http://abdulkalamindia.blogspot.com/2004/09/does-president-realise-from-gtb.html
THE PRESIDENT OF INDIA
RASHTRAPATI BHAVAN
NEW DELHI
Phone:- 011-23014990,
Fax:- 011-23017290, 011-23017077
Email :- presidentofindia@rb.nic.in, apjabdulkalam@yahoo.com
Your Excellency ,
REFERENCE :- YOUR FILE REFERENCE P1/C-84331 CARRYING POSTAL INSCRIPTION “ KAL KARE SO AAJ KARE – AAJ KARE SO AAB” TO MY EMAIL SENT ON 21-09-2004
My reference TO RECENT correspondence addressed to you is furnished on internet link in the form of archives :
http://www.abdulkalamindia.blogspot.com
I was delighted to see the above message inscribed by your Presidential Section as a postal quote:- " KAL KARE SO AAJ KARE SO AAJ KAR AAJ KARE SO AAB "
RAVANA AT THE TIME OF HIS DEATH UTTERED THAT HE COMMITTED SAME MISTAKE WHEREBY HE COULD NOT SAVE HIS LANKA BECAUSE HE ALLOWED RAMA TO BUILD A BRIDGE SO THAT HE AND HIS VANAR SENA COULD CROSS THE SEAS TO ENTER LANKA – AND DESTROY HIM AND HIS LANKA. THAT IS WHEN HE UTTERED THIS WISDOM BASED ON EXPERIENCE “ KAL KARE SO AAJ KARE SO AAJ KAR –AAJ KARE SO AAB ”
Sir, the way you have inspired and pushed me to awaken me from my sleep by sending a message “ KAL KARE SO AAJ KARE SO AAJ KAR –AAJ KARE SO AAB ”, I am echoing back the same message to remind, inspire and assist you you so that you can destroy Ravana beginning today on auspicious day of on DUSHHERA –that is today before Ravana destroys Rama.
Sir, I am proud of your efficiency as well as the efficiency of Chief Minister of Gujarat to initiate action by forwarding follow up action to the concerned department. But is this getting translated into effectiveness ?? See link:-
http://expandproductivity.blogspot.com/2004/10/effectiveness.html
Sir, your Honour it seems has noticed e mail addressed to you on 22-9-2004 which is being furnished in form of link as under:-
http://abdulkalamindia.blogspot.com/2004/09/reviewing-recent-decision-of-cabinet.html
I do hope that you have look at the contents of the email for prompt action and detailed reply.
Sir, because you are from Dhanushkoti – Rameshwara , you are truly gifted to understand as well as implement the message by SHOOTING TEN MISSILE INQUIRY LETTERS BY focussing and directing your energies to create maximum impact so as to shake up and destroy evil on auspicious day of Dusshera to root out evil in form of corruption, sloth, favouritism and indifference.
Sir, I presume that you have fired 84331 arrows during the year ( this number probably represents number of complaints) but the bureaucracy has still not woken up . It is therefore necessary that you enter the arena directly and I am confident that the bureaucracy would start learning to use whip before you use your whip. The only thing is that you have to personally hold Gandiv as Rama did to destroy Ravana. TO CELEBERATE DUSSHERA EVERYDAY. I being citizen of the country do not have the power to do it , but your excellency has the power to conduct inquiry directly.
I am sure YOUR Honour , that if you do so without loss of time , you would not have to fire 84331 missiles in your old age but you would be inspiring and motivating the administration in the country to do so on your behalf .
Sir, by this email you and the leaders would need to do introspection and communicate to me - as to whether the citizens are going to be pawns to the leaders which includes the President of India and the Members of Parliament as well as Judiciary as well as Central Vigilance Commission when there is going to be complete absence of administration.
I am absolutely confident that in case you take direct control of using the missiles , I am sure that radical transformation would start taking place and would ultimately result in fewer complaints needed to be attended by you and thereby saving time to invest time in other fruitful activity to guide the nation.
For a whistleblower of banking frauds ,etc the cost can easily run into lakhs and another couple of lakhs in form of harassment. Your silence to a whistleblower would be construed that the President of India does not wish to have whistleblowers coming forward to blow whistle to take India forward.
I have listed ten arrows that need to be used by you to destroy ten heads of Ravana in the form of annexure to this letter. The drafts can be copied and sent to the concerned person directly so as to get their response.
Your Honour has immense potentiality within you to accomplish crack down on corruption, sloth , indifference, favouritsm and banking frauds. I am sure you can tap that potential within you by following simple principle of LEADERSHIP IN PALMS AT THE BOTTOM OF THE ENCLOSURE..
In case of difficulty your Excellency may get in touch with me.
I look forward to your early response in this matter by email.
Yours most respectfully,
Pankaj Mody
Annexure of ten arrows
1. Draft of letter to Mr. Hemant Kashiparekhhttp://mediagtbpsm.blogspot.com/2004/09/draft-of-query-letter-to-mr-hemant.html2. Draft of letter to Saurabh Soparkarhttp://mediagtbpsm.blogspot.com/2004/09/draft-of-query-letter-to-mr-soparkar.html3. Draft of Letter to GTB /OBChttp://mediagtbpsm.blogspot.com/2004/09/initial-explanation-to-be-sought-from.html4. Draft of letter to Mr. Jatin Jalundhwalahttp://mediagtbpsm.blogspot.com/2004/09/draft-of-query-letter-to-mr-jatin.html5. To call for detailed explanation from the Lordship of Gujarat High Court arbitary and brief orders under appeal from order 176/2003 and civil application 3110/2003 even when no one represented GTB, Core Health Care and Dhanyushya Financial Pvt Ltd.
http://afo176.blogspot.com/2004_06_01_afo176_archive.html
6. Letter to Institute of Chartered accountants of Indiahttp://mediagtbpsm.blogspot.com/2004/09/draft-of-query-letter-to-institute-of.html7. Draft letter to Bar Council of Gujarat
http://mediagtbpsm.blogspot.com/2004/10/draft-of-inquiry-letter-to-bar-council.html
8. Query letter to Reserve Bank ofIndia
Email sent to Reserve Bank of India on 7-8-2004
http://reservebankofindiaongtb.blogspot.com/2004/09/e-mail-sent-on-7-8-2004-to-rbi.html
Email sent to RBI on 16-9-2004
http://reservebankofindiaongtb.blogspot.com/
http://reservebankofindiaongtb.blogspot.com/2004/09/e-mail-sent-on-16-9-2004-to-rbi.html
9. Query letter to Central Vigilance Commission. In reference to
My complaint letter dated 3-6-2002 to CVC as referred in the archives in form of link as under:-
http://www.intad.blogspot.com
10. Copy of email sent to Mr. Hamukh Adhia , Principal Secretary is shown in the link : http://hasmukhadhia.blogspot.com/
His e mail address is hasmukha@gujarat.gov.in
===================
LEADERSHIP IN PALMS
LEADERSHIP IN YOUR PALM Most effective and exemplary leadership is in your palm. For learning leadership lessons one need not go to any business school or read many books on modern approaches to leadership. Leadership is literally in your hand. It is in your palm. Look at your palm. What do you see? How many fingers? Five ? NO! There are only four fingers. The other one is Thumb! In every language this one is not called a finger but by a different name But is it not a finger? It is not entirely correct to say that it is not a finger> It is not entirely correct to say that it is just a finger. Thumb is a finger and also MORE THAN a finger. Like Thumb is the finger plus, leader is member plus.Now we have a team of leader and four fingers. What leadership lessons can we learn from this team? Look at the palm and fingers. 1. The team fingers have difficulty in contacting each other. THey have a problem to be in touch with each other. But, thumb easily touches each of the fingers. Actually, when you join thumb and four fingers they come together easily. ==>An effective leader is in touch with each of the members and brings them together. 2. Though thumb is smaller in size than three of the fingers, it is solid and strong. ==>An effective leader is strong and solid (in will) though he may be in smaller in size. Size is not a determining factor for leadership but being solid and strong matters.3. All the four fingers have three joints each though Thumbs has got only two joints. But thumb is more flexible than each of them.==>An effective leader may have less skills than the members but is flexible to utilize the skills of members. 4. The four fingers are facing the world and are externally directed. Thumb looks both the world and also towards the four members.==>Effective leader minds both members and work. He actually cares for members so that they can care for work. 5. Fingers cannot work without Thumb. Thumb cannot work without fingers. Fingers need Thumb and Thumb needs fingers.==>Members cannot work without leader. Leader cannot work without members. Member needs leader and leader needs members.6.Thumb helps fingers to different jobs in different forms like holding, pulling, lifting, writing, etc and adds value in many ways. ==> Leader helps members to perform many tasks and adds value in many ways. 7.There is trouble maker in the fingers. That is index finger. It points out again and again. "This is wrong." "This is wrong." It threatens. It questions. It disagrees. But when this aggressive finger joins thumb , it makes a perfect sign.==>.Amongst members there may be members who question, agree, disagree and accuse. But effective leader joins that very member to create excellence and perfectness. 8.Very important thing. Both thumb and fingers cannot do without bending. While standing rigid no work can be done. When they bend they can do many things.==> Both leader and member have to be humble to do effective work. Being rigid with own egos will not contribute. Bending together and mending together is ending of all problems and the master key to success. To bend , to be humble is to understand each other. TO understand one has to stand under. 9.When thumb and all the fingers close together in unity, they become a strong iron fist which can hammer and crash any thing.==>When leader and the members close together in unity they become a strong force and can hammer and crash any problem. 10. When member close together and leader is shining with smile and standing for the team. it is "spirits up." A victory for team.==>When all fingers including the thumb join with each other and palm is held up , it is "ABHAYAM", fearlessness. 11. When all fingers including the thumb join with each other and palm is held up, it is " Abhayam" fearlessness.==> When all members including the team stands up, it is "Abhayam" fearlessness. THUS , RESPONSIBLE LEADERSHIP AND EFFECTIVE TEAM ARE IN YOUR HAND THIS IS THAT===THIS (hand) IS THAT (WHOLE)
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