Glimpse of Mahatma Gandhi Museum, Delhi

Happened to visit Mahatma Gandhi Museum in Delhi. delighted to flip through the jouney of Bapu. 

Faith 

Amol

 

Sharad to Shishir

Journey Autumn to Winter

Colors clicked in October 21 i.e. Autumn's(Sharad) of 2021.

Faded colors clicked in January 22 i.e. Winter's(Shishir) of 2022.

Colors moved by nature.

Nothing is permanent, whatever worst situation you are in, you will get rid of it. 

Stays positive....Stay hopeful 

Faith 

Amol

 

 

Miracle in cell number 7

Upon recommendation of my dearest friend, I happened to watch the Korean drama film called 'Miracle in cell number 7'. Its 2013 movie directed by Lee Hwan-kyung and in 2019 officially remade in Turkish language by Mehmet Ada. It's my second Korean film and 1st movie of 2022.

It's a fable of father and fairy daughter. The story, fold and unfold the unconditional and  indomitable love of the intellectual disable father for her daughter. How power and pennies put someone in a miserable

situation.

Father, daughter and the circumstances in which both of them got separated and united and again separated forever. Kudos to direction which kept me spellbound and left me in deep thoughts for a long time.

 Irrespective of language barriers I really love watching the screening.

Highly recommended to watch. Even IMDB has rating of 8.2 which made it one of the recommendation. Movie will help to be a better human being.

Keep watching.

Happy New Year 2022

If you are stuck in a sufferings from the dark memories of the past, now it's time to make them completely irrelevant and irrational.

Even leafless trees can blossom beautiful flower in the vastness of the blue sky.

Trust, it's annus mirabilis. 

Wish you a very happy new year 2022.

Faith

Amol 

October Rain

It rained.

It rained in the morning. 

It rained and smoothen the earth.

                                It rained...

                                 It rained and reminded me.

                                It rained in the October..

Amol

 

Happy World Post Day !

Happy World Post Day! 

 Clicked at Bhagsu Nath, Mcleodganj, HP. 

Clicked at Bhagsu Nath, Mcleodganj, HP on 16th Aug. 2013. 

Prosperity of Indebtedness

Since my childhood, I have been told that excess of anything will do more harm than good. Anything excess will cause a negative dominos effect for a longer duration of time. Excess of credit in any given financial system will cause economic disbalances. Consequently, the excess supply versus demand has to be checked periodically and addressed appropriately. Financial inclusion in the agriculture profession is surely acting as a catalyst for the rural economy. It is of utmost importance, especially in a country like India where 70% of the population depends on agriculture as a profession.

A recent survey conducted by NSO(National Statistical Office) says slightly more than 50% of agricultural households are in debt with an average outstanding of INR 74,121/-. Though, the same survey of 2013 said 57% of agricultural households were indebted. NSO carried out the survey on land and livestock of the households for assessment of the on-ground situation of rural agriculture households from January to December 2019.

The Financial Inclusion committee under the leadership of Dr. C. Rangarajan reported 56% of households in India are excluded from mainstream financial services i.e. they don't even have bank accounts. This trend of declining indebtedness (57% to 50.2%) is indicating a slight movement of financial independence may begin in the rural agriculture household despite having a strong financial inclusion mechanism nearby, be it banks or microfinance institutions.

Survey also points out that more than 85% of agriculture households held less than 1 hectare of cultivation land. The major segment of debt still lies at bottom of the pyramid. Small and marginal farmers hold major credit and less productivity due to varied reasons ranging from rainfall to market availability.

In rural India, the share of outstanding debt from institutional credit

agencies(banks and MFI's mostly) was 66 percent against 34 percent from non-institutional(professional money lenders, savkars) credit agencies. Here comes the glitch, the cause of concern. Debt is one of the major causes of farmer suicide in the country. Non-institutional agencies continue to pester arduous recovery practices which leads to major social and personal humiliations and that left farmers in distress. One of the findings from this survey can lead to the strengthening of institutional credit mechanisms. This will also avoid the double balance sheet problem economy is facing at the micro-level.

I have read a couple of articles, majorly polemic in nature suggesting future distress in the rural economy, whereas as I can see the finding and interpretation my strengthen the credit mechanism. With appropriate and customized financial products and market availability will establish a good credit culture. Addressing these issues will double farmers income not immediate but in the longer run.

Faith

Amol Nakve

((Views expressed in this article are personal)