Women state in India and proposal for corporates in Indian banking

Gradle and Kotlin in Debian

Few months back, I was looking at where Gradle and Kotlin were in Debian. They still seem to be a work in progress. I found the Android-tools salsa repo which tells me the state of things. While there has been movement on both, a bit more on Kotlin, it still seems it would take a while. For kotlin, the wiki page is most helpful as well as the android-tool salsa kotlin board page . Ironically, some of the more important info. is shared in a blog post which ideally should also have been reflected in kotlin board page . I did see some of the bugs so know it’s pretty much dependency hell. I can only congratulate and encourage Samyak Jain and Raman Sarda. I also played a bit with the google-android-emulator-installer which is basically a hook which downloads the binary from google. I do not know what the plans are, but perhaps in the future they also might be build locally, who knows. Just sharing/stating here so it’s part of my notes whenever I wanna see what’s happening 🙂

Women in India

I am sure some of you might remember my blog post from last year. It is almost close to a year 2020 now and the question to be asked is, has much changed ? After a lot or hue and cry the Government of India shared the NCRB data of crimes against women and caste crimes. The report shared that crimes against women had risen by 7.3% in a year, similarly crimes against lower castes also went by similar percentage . With the 2020 pandemic, I am sure the number has gone up more. And there is a possibility that just like last year, next year the Government would cite the pandemic and say no data. This year they have done it for migrant deaths during lockdown , for job losses due to the pandemic and so on and so forth. So, it will be no surprise if the Govt. says about NCRB data next year as well. Although media has been showing some in spite of the regular threats to the journalists as shared in the last blog post. There is also data that shows that women participation in labor force has fallen sharply especially in the last few years and the Government seems to have no neither idea nor do they seem to care for the same. There aren’t any concrete plans to bring back the balance even a little bit.

Few Court judgements

But all hope is not lost. There have been a couple of good judgements, one from the CIC (Chief Information Commissioner) wherein in specific cases a wife can know salary details of her husband, especially if there is some kind of maintenance due from the husband. There was so much of hue and cry against this order that it was taken down from the livelaw RTI corner. Luckily, I had downloaded it, hence could upload and share it.

Another one was a case/suit about a legally matured women who had decided to marry without parental consent. In this case, the Delhi High Court had taken women’s side and stated she can marry whom she wants. Interestingly, about a week back Uttar Pradesh (most notorious about crime against women) had made laws called ‘Love Jihad‘ and 2 -3 states have followed them. The idea being to create an atmosphere of hate against Muslims and women have no autonomy about what they want. This is when in a separate suit/case against Sudharshan TV (a far-right leaning channel promoting hate against Muslims) , the Government of India itself put an affidavit stating that Tablighis (a sect of Muslims who came from Malaysia to India for religious discourse and assembly) were not responsible for dissemination of the virus and some media has correctly portrayed the same. Of course, those who are on the side of the Govt. on this topic think a ‘traitor’ has written. They also thought that the Govt. had taken a wrong approach but couldn’t tell of a better approach to the matter.

There are too many matters in the Supreme Court of women asking for justice to tell all here but two instances share how the SC has been buckling under the stress of late, one is a webinar which was chaired by Justice Subramaniam where he shared how the executive is using judicial appointments to do what it wants. The gulf between the executive and the SC has been since Indira Gandhi days, especially the judicial orders which declared that the Emergency is valid by large, it has fallen much more recently and the executive has been muscling in which have resulted in more regressive decisions than progressive.

This observation is also in tune with another study which came to the same result although using data. The raw data from the study could give so much more than what has been shared. For e.g. as an idea for the study, of the ones cited, how many have been in civil law, personal law, criminal or constitutional law. This would give a better understanding of things. Also what is shocking is none of our court orders have been cited in the west in the recent past, when there used to be a time when the west used to take guidance from Indian jurisprudence sometimes and cite the orders to reach similar conclusion or if not conclusion at least be used as a precedent. I guess those days are over.

Government giving Corporate ownership to Private Sector Banks

There was an Internal Working Group report to review extant ownership guidelines and Corporate Structure for Indian Private Sector Banks. – This is the actual title of the report.

Now there were and are concerns about the move which were put forth by Dr. Raghuram Rajan and Viral Acharya. While Dr. Rajan had been the 23rd Governor of RBI from 4th September 2013 to 4th September 2016.

His most commendable work which largely is unknown to most people was the report A hundred small steps which you buy from sage publications. Viral Acharya was the deputy governor from 23rd January 2017 – 23rd July 2019. Mr. Acharya just recently published his book Quest for Restoring Financial Stability in India which can be bought from the same publication house as well.

They also wrote a three page article stating that does India need corporates in banking? More interestingly, he shares two points from history both world war 1 and world war 2. In both cases, the allies had to cut down the businesses who had owned banks. In Germany, it was the same and in Japan, the zaibatsu’s dissolution, both of which were needed to make the world safe again. Now, if we don’t learn lessons from history it is our fault, not history’s.

What was also shared that this idea was taken up in 2013 but was put into cold-storage. He also commented on the pressure on RBI as all co-operative banks have come under its ambit in the last few months. RBI has had a patchy record, especially in the last couple of years, with big scams like ILFS, Yes Bank, PMC Bank, Laxmi Vilas Bank among others. The LVB Bank being the most recent one.

If new banking licenses have to be given they can be given to good NBFC’s who have been in the market for a long time and have shown maturity while dealing with public money. What is the hurry for giving it to Corporate/business houses ? There are many other good points in the report with which both Mr. Rajan and Mr. Acharya are in agreement and do hope the other points/suggestions/proposals are implemented. There was and is an interesting report by Reserve Bank of India called financial sector legislative reforms commission report volume 1 . If and when it gets deleted from RBI, I have put up a copy at my WordPress account, so we shall always have one.

Interestingly, while looking through the people who were part of the committee was a somewhat familiar name Murmu . This is perhaps the first time you see people from a sort of political background being in what should be a cut and dry review which have people normally from careers in finance or Accounts. It also turns out that only one person was in favor of banks going to corporates, all the rest were against.

It seems that the specific person hadn’t heard the terms ‘self-lending’, ‘connected-lending’ and conflict of interest. One of the more interesting comments in the report is if a corporate has a bank, then why would he go to Switzerland, he would just wash the money in his own bank. And if banks were to become to big to fail like it happened in the United States, it would be again private gains, public losses. There was also a Washington Post article which shares some of the reasons that Indian banks fail. I think we need to remind ourselves once again, how things can become –


https://www.youtube.com/watch?v=2gK3s5j7PgA

Positive News at end

At the end I do not want to end on a sour notes, hence sharing a YouTube channel of Films Division India where you can see of the very classic works and interviews of some of the greats in Indian art cinema.

https://www.youtube.com/user/FilmsDivision/videos

Also sharing a bit of funny story I came to know about youtube-dl, apparently it was taken off from github but thanks to efforts from EFF, Hackernews and others, it is now back in action.

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