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Taken from the FB Wall of the Tapan Kumar Pradhan.

It’s about one tragic incidence happened with one very senior retired RBI Officer.


WILL YOUR FRIENDS REMAIN WITH YOU ON DEATH?
(The Strange Case of Uma Subramaniam of RBI)

Uma Subramaniam was a Chief General Manager and Regional Director of Reserve Bank of India. She also served as Principal of Reserve Bank Staff College. She headed important departments like banking and non-banking supervision in RBI, and was once widely perceived as the next Executive Director or even Deputy Governor of RBI. She prided herself as a "hard taskmaster", extracted maximum output from employees, and her staff were in awe of her.

TRAGIC END

A couple of days ago she was found dead inside her flat in Chennai. She was single, having never married. After retirement from RBI job she had been staying alone with her unmarried elder sister. The sister was suffering from hearing and speech impairment. Both the sisters lived in each other’s company without much physical interaction with others. However, Uma Subramaniam apparently had several social media friends with whom she regularly chatted.

But a few days ago the residents of her neighbouring flats noticed that the milk packets left at her doorstep by the milkman had not been picked. Their knocks on the front door yielded no response. Suspecting something amiss, the neighbours informed police and RBI. When the front door was broken open in the presence of police officers, it was found that Uma Subramaniam was lying dead on her bed. Her old sister was lying motionless near her body in a semiconscious state.

Uma Subramaniam’s body had already decomposed and was emitting foul smell. Post mortem report showed that she had died three days ago. Her physically challenged elder sister had gone without food for three days and was herself on the verge of death.

Finally with the help of some RBI staff and local residents Uma Subramaniam’s mortal body was cremated, and her last rites performed. Her elder sister was admitted to a nearby hospital for care.

UNANSWERED QUESTIONS

(1) If Uma Subramaniam was active on social media, then why none of her online friends bothered to check on her when she stopped interacting online?

(2) Why her neighbours waited for three days to alert the police and RBI, instead of taking prompt action?

(3) What kind of system should we put in place to avoid such pathetic situations for our senior citizens?

STRANGE KARMIC TANGLE?

Although Uma Subramaniam had huge reputation in RBI for her erudition and mastery of finance and accounting, she actually became famous for a strange incidence which rocked her career.

When she was Regional Director of RBI Bhopal, one day she received phone call from an unknown person claiming to be a relative of the then RBI Governor Dr Y V Reddy. This person reportedly told Uma Subramaniam that Governor YV Reddy was in urgent need of Rs 20 lakh in cash for some medical emergency. Within verifying the facts, and without even calling RBI Governor’s office, Uma Subramaniam quickly collected cash from RBI staff. Rules were violated to withdraw huge cash after account closure. Then she personally carried the bag of cash in an autorickshaw, and handed over the cash to that unknown person who was waiting under a bridge in Bhopal city. That man took the cash and then vanished :-

https://en.m.wikipedia.org/wiki/Uma_Subramaniam

After this incident Uma Subramaniam was charge-sheeted for her gross negligence and misuse of power, and was demoted from the post of CGM to GM. But later when her friend Shyamala Gopinath became RBI Deputy Governor, she was again promoted, which drew serious criticism in media :-

https://www.moneylife.in/article/opaque-rbi-rewards-chargesheeted-official/11471.html

It is beyond comprehension as to why a person who had suffered so much in career because of a single catastrophic mistake, had to suffer such an ignominious exit from the world. But then inscrutable are the laws of God and Karma.

RIP

May Uma Subramaniam’s soul rest in peace. May her extraordinary life and works inspire other RBI officers (especially HRMD officials) to work for the upliftment of downtrodden destitutes in society. Om Shantih.

#RBI #RBIPolicy #MannKiBaat

I am at IIM Calcutta for my FinTech and Blockchain Course, there are 7 such small beautiful lakes in the campus.

STAY Tuned at 10:00 PM today .
https://youtu.be/XcZAaJ7pC28

Do you know which is the biggest wedding fashion brand in India?


It's not Sabyasachi, not Manish Malhotra...

Not Manyavar by Vedant Fashions Ltd either...

Which also makes me point out that the menswear category in India is massive, bigger than women's fashion and apparel.

It's possibly because women's wear is still more unorganized.

When it comes to weddings, traditional clothes barely make 5% of the entire menswear market.

Manyavar is seemingly the largest brand in this space with annual revenue of Rs 1300 crores, catering to the top segment, who look for Sherwanis and more once in a lifetime wear apparel...

And mind you, these revenues also include sales for Mohey... the womenwear segment.

Whereas a much larger behemoth in this space is ....

Van Heusen!

VH, along with Louis Phillipe and Allen Solly - all from the stable of Aditya Birla Fashion and Retail are the biggest shaadi brands of the country...

Look at what Indian men wear at a wedding and notice the branding on their brooches.

These three brands along with Peter England possibly sell the largest number of suits in the country for occasion wear... collectively doing revenues of over Rs 7000 crores in a year!

Much bigger than Sabyasachi (again owned by Aditya Birla, which does about Rs 350 crores in top line) and Manish Malhotra, both combined.

Go to the Van Heusen website and you'll see a Wedding Wear section right at the top.

The brands and their managers may not openly admit this, but the next time you go to an Indian wedding, notice the number of men who would have the VH brooch on their lapels.

And tell me if you think there's anyone bigger than the Birlas when it comes to weddings.

#casarthakahuja #wedding #fashion #business

Artificial General Intelligence (AGI) represents a significant breakthrough with potential risks. As we approach its development, organizations like OpenAI must ensure robust safety measures and ethical guidelines to mitigate dangers. The goal is to harness AGI's benefits while protecting humanity from unintended consequences.

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Question #115

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