Vikrmn: CA Vikram Verma's Blog
May 8, 2023
India To Mandate Country Acknowledgement
Should India too mandate Country or Land Acknowledgement welcome note?In Australia, Canada and USA, there are rituals of acknowledgement statements before major meetings or events in public and private entities. These are called Land Acknowledgement, Welcome to the Country, Acknowledgement of Country statements.
Should such rituals also be imbibed in India making it mandatory or optional for public or private entity events?
The statement goes as follows:
"I want to acknowledge and pay my respects to the traditional custodians of the land we are gathered on today. I would like to pay my respects to their Elders, past, present and emerging..."
What is Land Acknowledgement?
A land acknowledgement is a formal statement or act of recognition that acknowledges the Indigenous Peoples as the traditional custodians of the land on which we live, work, and gather. It is a way to honor the historical and ongoing connection between Indigenous communities and the territories they have inhabited for thousands of years.
Land acknowledgements serve several purposes:
Recognition: They recognize and affirm the presence, contributions, and rights of Indigenous Peoples, acknowledging their historical and ongoing relationship with the land.
Respect: They demonstrate respect for Indigenous cultures, knowledge, and sovereignty, promoting a more inclusive and equitable society.
Education: They raise awareness about the history and experiences of Indigenous Peoples, fostering a better understanding of colonization, dispossession, and the ongoing struggles for Indigenous rights.
Reconciliation: They contribute to the process of reconciliation by encouraging dialogue, understanding, and meaningful engagement between Indigenous and non-Indigenous communities.
Land acknowledgements are becoming increasingly common in various settings, such as public events, educational institutions, government proceedings, and social media platforms. They are a starting point for acknowledging the impacts of colonization and working towards a more just and equitable society.
It is important to note that land acknowledgements should not be seen as a one-time gesture or an end in themselves. Rather, they should be accompanied by continued efforts to support Indigenous communities, advocate for their rights, and engage in ongoing learning and action.
Country_Land_Acknowledgement
Should such rituals also be imbibed in India making it mandatory or optional for public or private entity events?
The statement goes as follows:
"I want to acknowledge and pay my respects to the traditional custodians of the land we are gathered on today. I would like to pay my respects to their Elders, past, present and emerging..."
What is Land Acknowledgement?
A land acknowledgement is a formal statement or act of recognition that acknowledges the Indigenous Peoples as the traditional custodians of the land on which we live, work, and gather. It is a way to honor the historical and ongoing connection between Indigenous communities and the territories they have inhabited for thousands of years.
Land acknowledgements serve several purposes:
Recognition: They recognize and affirm the presence, contributions, and rights of Indigenous Peoples, acknowledging their historical and ongoing relationship with the land.
Respect: They demonstrate respect for Indigenous cultures, knowledge, and sovereignty, promoting a more inclusive and equitable society.
Education: They raise awareness about the history and experiences of Indigenous Peoples, fostering a better understanding of colonization, dispossession, and the ongoing struggles for Indigenous rights.
Reconciliation: They contribute to the process of reconciliation by encouraging dialogue, understanding, and meaningful engagement between Indigenous and non-Indigenous communities.
Land acknowledgements are becoming increasingly common in various settings, such as public events, educational institutions, government proceedings, and social media platforms. They are a starting point for acknowledging the impacts of colonization and working towards a more just and equitable society.
It is important to note that land acknowledgements should not be seen as a one-time gesture or an end in themselves. Rather, they should be accompanied by continued efforts to support Indigenous communities, advocate for their rights, and engage in ongoing learning and action.
Country_Land_Acknowledgement
June 1, 2022
Debit Credit of Life: from the good books of accounts
Have you ever canvassed the Principles of accounting through the lens of life. It conveys wondrous lessons. Debit and Credit rules, along with their applicability in the accounting world, have so much to teach that if these are decyphered, one can relish life to the fullest.
"The Golden Journal Entries of life."
"Debit and Credit of Life" is a ledger that accommodates the purpose to decode the transactions of life, called moments.
Debit Credit of Life: from the good books of accounts - by Vikrmn: Author (CA Vikram Verma)
byVikrmn: Author (CA Vikram Verma)Other books from the Author: You by You, Agile Able, LIBOR Plan B, Guru with Guitar, 10 Golden Steps of Life, 10 Alone and MICS Unleashed.
"The Golden Journal Entries of life."
"Debit and Credit of Life" is a ledger that accommodates the purpose to decode the transactions of life, called moments.
Debit Credit of Life: from the good books of accounts - by Vikrmn: Author (CA Vikram Verma)byVikrmn: Author (CA Vikram Verma)Other books from the Author: You by You, Agile Able, LIBOR Plan B, Guru with Guitar, 10 Golden Steps of Life, 10 Alone and MICS Unleashed.
August 3, 2021
You By You | How to connect YOU to Younger-self?
You By You is an intriguing novel that will transmute your perspective of life. YOU as the protagonist, would correlate to you and that every single step of yours that you never took or are still dreaming of. After reading this simple yet mind-bending, open yet mysterious story, you will definitely be able to..."Build your-self, You By You."
How to connect YOU to Younger-self? What comes to your mind as the very first piece of advice that you would give to your yester-self? How to be better-self of your past version? For all such questions, this novel is the answer.
Amazon Link
You_By_You_Vikrmn_Author_CA_Vikram_VermaJuly 9, 2021
Tame #time.. #10GoldenStepsOfLife by @SrishtiPub @AuthorsOwn #life #quote
Fell a prey to the changing times? Take the charge. It's never too late.
Tame the time.. before it tames you.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_tame_time_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)
Drive life rather than getting driven. Take that step.Author of Guru With Guitar and Author 10 Alone
Tame the time.. before it tames you.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_tame_time_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)Drive life rather than getting driven. Take that step.Author of Guru With Guitar and Author 10 Alone
June 24, 2021
Life is like a Guitar.. #10GoldenStepsOfLife by @SrishtiPub @AuthorsOwn #life #quote
Life is not easy to understand.. but when it's taken through good things as examples, it seems meaningful and awesome.. one is like..
Life is like a Guitar. Tune. Play. Repeat.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_guitar_tune_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)
Drive life rather than getting driven. Take that step.Author of Guru With Guitar and Author 10 Alone
Life is like a Guitar. Tune. Play. Repeat.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_guitar_tune_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)Drive life rather than getting driven. Take that step.Author of Guru With Guitar and Author 10 Alone
May 17, 2021
#Karma #haunts.. #10GoldenStepsOfLife by @SrishtiPub @AuthorsOwn #life #quote
You are known by the Karma you keep..
What you do today, will come to you tomorrow.. because..
Karma Haunts. Be good. Do good.
#10GoldenStepsOfLife
10_golden_steps_karma_vikrmn_victorious_srishti_ca_vikram_verma_10gslA book by Vikrmn: (CA Vikram Verma)
Drive life rather than getting driven. Take that step.Author of Guru With Guitar and Author 10 Alone
What you do today, will come to you tomorrow.. because..
Karma Haunts. Be good. Do good.
#10GoldenStepsOfLife
10_golden_steps_karma_vikrmn_victorious_srishti_ca_vikram_verma_10gslA book by Vikrmn: (CA Vikram Verma)Drive life rather than getting driven. Take that step.Author of Guru With Guitar and Author 10 Alone
April 16, 2021
Own Your Way.. #10GoldenStepsOfLife by @SrishtiPub @AuthorsOwn #life #dreams #quote
Live your life your way..
Set standards for yourself, achieve them your way..
OWN your way, your own WAY.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_own_way_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)Author of Guru With Guitar and Author 10 Alone
Set standards for yourself, achieve them your way..
OWN your way, your own WAY.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_own_way_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)Author of Guru With Guitar and Author 10 Alone
March 10, 2021
They are the Victorious.. #10GoldenStepsOfLife by @SrishtiPub @AuthorsOwn #life #quote
Ever felt like giving up? Bear for some more time. That's what differentiates a leader from the rest of the world. Because..They are the Victorious who dare not to give up.
#10GoldenStepsOfLife
10_golden_steps_of_life_vikrmn_victorious_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)Author of Guru With Guitar and Author 10 Alone
#10GoldenStepsOfLife
10_golden_steps_of_life_vikrmn_victorious_srishti_ca_vikram_vermaA book by Vikrmn: (CA Vikram Verma)Author of Guru With Guitar and Author 10 Alone
March 18, 2020
Pandemic Stress Testing Scenario | Banks | Operational Resilience | COVID-19
In the wake of Corona virus (COVID-19) and especially the impact of this pandemic on the global economy, certainly there needs to be not only the Operational Resiliance planning but the preparedness under Pandemic Stresst Testing Scenarios as well by the financial institutions.
In the financial / banking world, there exist various Stress Testing scenarios which are required to be reported to the regulators of respective country like APRA (AU), FRB (US), PRA (UK), EBA (EU) etc.
Banks / financial entities are required to submit the reports under different Stress Testing scenarios as below:Baseline ScenarioAdverse Scenario Severely Adverse Scenarios.
These Scenarios are based on various Macroeconomic Variables (MeVs) like interest rate, employment index, inflation index, GDP, forex rates, housing price etc.
The stress testing of a bank shows the regulators that how a bank will sustain and how the earnings and capital of a bank is impacted in different scenarios, in respose to the fluctuating MeVs ranging from Adverse to worst case (Severeally Adverse) scenarios.
Stress Testing is performed spreading the scearios anywhere from 5 yeasrs to 8 years depecting the Loand and Deposits of a bank and related Interest earnings and expenses. The reports can be presented monthly or on quarterly basis.
If PANDEMIC is also considered as a scenario then it's nothing different from the scenarios mentioned above that banks are required to report to the regulators.
A bank should submit the impact of Epidemic not only in terms of Stress Testing as far as financials are concerned but also in terms of Operational Resilience that how the BAU (Business as usual) is planned to be carried out in this scenario.
The factors that might need to be considered by banks for the Stress Testing Projections under PANDEMIC scenario may range as follows:Concentration risk of counterparties / clients which belong to medical and aviation industry,Drop in the customer earning power due to isolations,Interest rates might drop resulting in huge decrease in revenue,Fixed expenses might shoot up for operational lags,Credit recovery may be hit due to inoperational markets,Share Market flucuations might impact the NAVs of portfolios.Non-financial risks that might impact the bank may be as follows: Key stakeholders may not be readily available for major decisions, Key systems might be lagged,Cyber attacks can emerge in absence of resilience security.
Recently, PRA (UK) released guidance on inclusion of "Climate Change" as a Stress Testing Scenario for the Banks.Similarly, the regulators should also include the "Pandemic Stress Testing" as well in the reporting requirements.
Written originally and Posted by Vikrmn: Author CA Vikram Verma, www.vikrmn.com
Pandemic_Stress_Testing_Scenario_Banks_Vikram_Author
In the financial / banking world, there exist various Stress Testing scenarios which are required to be reported to the regulators of respective country like APRA (AU), FRB (US), PRA (UK), EBA (EU) etc.
Banks / financial entities are required to submit the reports under different Stress Testing scenarios as below:Baseline ScenarioAdverse Scenario Severely Adverse Scenarios.
These Scenarios are based on various Macroeconomic Variables (MeVs) like interest rate, employment index, inflation index, GDP, forex rates, housing price etc.
The stress testing of a bank shows the regulators that how a bank will sustain and how the earnings and capital of a bank is impacted in different scenarios, in respose to the fluctuating MeVs ranging from Adverse to worst case (Severeally Adverse) scenarios.
Stress Testing is performed spreading the scearios anywhere from 5 yeasrs to 8 years depecting the Loand and Deposits of a bank and related Interest earnings and expenses. The reports can be presented monthly or on quarterly basis.
If PANDEMIC is also considered as a scenario then it's nothing different from the scenarios mentioned above that banks are required to report to the regulators.
A bank should submit the impact of Epidemic not only in terms of Stress Testing as far as financials are concerned but also in terms of Operational Resilience that how the BAU (Business as usual) is planned to be carried out in this scenario.
The factors that might need to be considered by banks for the Stress Testing Projections under PANDEMIC scenario may range as follows:Concentration risk of counterparties / clients which belong to medical and aviation industry,Drop in the customer earning power due to isolations,Interest rates might drop resulting in huge decrease in revenue,Fixed expenses might shoot up for operational lags,Credit recovery may be hit due to inoperational markets,Share Market flucuations might impact the NAVs of portfolios.Non-financial risks that might impact the bank may be as follows: Key stakeholders may not be readily available for major decisions, Key systems might be lagged,Cyber attacks can emerge in absence of resilience security.
Recently, PRA (UK) released guidance on inclusion of "Climate Change" as a Stress Testing Scenario for the Banks.Similarly, the regulators should also include the "Pandemic Stress Testing" as well in the reporting requirements.
Written originally and Posted by Vikrmn: Author CA Vikram Verma, www.vikrmn.com
Pandemic_Stress_Testing_Scenario_Banks_Vikram_AuthorJanuary 16, 2020
Be with parents.. #10GoldenStepsOfLife @SrishtiPub @AuthorsOwn #life #quote
Parents don't grow old, they start becoming kids after the age of 50. They need care. So..
Be with parents, always... for they spend their whole life for your better life.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_parents_srishti_ca_vikram_verma
Posted by Vikrmn: (CA Vikram Verma)Author of "You by You", "Agile Able", "LIBOR Plan B", "Guru with Guitar", "10 Golden Steps of Life", "10 Alone" and "MICS Unleashed".
You_By_You_Vikrmn_Author_CA_Vikram_Verma
You By You is an intriguing novel that will transmute your perspective of life. YOU as the protagonist, would correlate to you and that every single step of yours that you never took or are still dreaming of. After reading this simple yet mind-bending, open yet mysterious story, you will definitely be able to...
"Build your-self, You By You."
How to connect YOU to Younger-self? What comes to your mind as the very first piece of advice that you would give to your yester-self? How to be better-self of your past version? For all such questions, this novel is the answer.
Be with parents, always... for they spend their whole life for your better life.
#10GoldenStepsOfLife
10_golden_steps_life_vikrmn_parents_srishti_ca_vikram_vermaPosted by Vikrmn: (CA Vikram Verma)Author of "You by You", "Agile Able", "LIBOR Plan B", "Guru with Guitar", "10 Golden Steps of Life", "10 Alone" and "MICS Unleashed".
You_By_You_Vikrmn_Author_CA_Vikram_Verma
You By You is an intriguing novel that will transmute your perspective of life. YOU as the protagonist, would correlate to you and that every single step of yours that you never took or are still dreaming of. After reading this simple yet mind-bending, open yet mysterious story, you will definitely be able to...
"Build your-self, You By You."
How to connect YOU to Younger-self? What comes to your mind as the very first piece of advice that you would give to your yester-self? How to be better-self of your past version? For all such questions, this novel is the answer.
