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Friday, August 28, 2026

THE MIGHTY DOLLAR

 The Mighty Dollar

America's most powerful weapon is its currency that it deploys in every major conflict

What missiles, bombs and a naval blockade couldn't do in six months, US now hopes to achieve with tougher sanctions on Iran. It's described "Operation Economic Outcast'  as the "single greatest financial offensive ever."  Leave aside the hyperbole, what it really means is that US will go after everyone having any financial dealings with Iran. The idea is to financially starve Iran into submission. Will it work? That's debatable, but the fact that "economic warfare' has become US's "nuclear option" in every conflict, from Cuba to Russia, is a testament to dollar's continuing strength 82 years after Bretton Woods.

It was in 1944 that 44 Allied nations agreed to peg their currencies to dollar, which was pegged to gold at the time. And the system continued, rather expanded, even after US dumped the gold standard in 1971. In fact, it's become so big that it's considered too big to fail. and that implied sense of safety makes it even more indispensable in difficult times, although enough central bankers would relish it supplanted. 

So, how big is dollar? In 2016, 65.4% of forex reserves were held in it globally. Euro, the second biggest reserve currency, had 19.1% share. By 2025, dollar's share had slipped to 57,7%, and euro's had risen to 20.1%, but in absolute terms, dollar holdings globally grew from $5.5tn to $6.7tn in the same 10-year period. More importantly, around 90% of global forex transactions still occur in dollar. Commodities like oil, gold and coffee are all priced in dollar. And most dollar transactions are routed through American banks which is why America can weaponise dollar so effectively. It can stall payments, and freeze assets, like it did with over $300bn worth of Russian central bank assets in 2022.  And that's what it 's threatening to do to Iran's financial partners.

America's action against Russia had rattled central banks, and there had been many discussions to devise alternatives over four years, but there is no immediate threat to dollar's dominance. Simply because no country other than US, offers the scale of economic, political and financial stability, as well as openness of financial markets and currency convertibility. Dollar is simply the most efficient way to deal financially, outside your own country's borders. Euro or some other candidate might become world's preferred reserve currency one day, but that day is probably decades away.

The editorial in The Times of India 26 August 2026



TRUE SPORTSMANSHIP

 

To train and perform at  your best is not the only task in sports or in any other job. 

To  retire with grace, courage and hope is also a part of true sportsmanship

It applies everywhere else too.

P.H. KURIAN IAS PASSES AWAY

P.H.Kurian, IAS, former Additional Secretary, Kerala passed away on 26 August 2026. 

He was 67.

The 1986 - batch civil servant belonged to an agrarian family in Kottayam.

He had always employed power for people's welfare. The instinct to put people ahead of procedure ran throughout his career.  As Revenue Secretary, he led relief efforts during 2018 floods. As IT Secretary, he laid foundations of Kerala's startup ecosystem and drove investments to the state.

Dr. V. Venu, former Chief Secretary and longtime colleague writes:

"He was the textbook example of how an IAS officer ought to perform his duties. He was thorough with the rules and always interpreted them in a way that benefitted the common man."

"He was open and transparent with everyone, from commoners to coworkers and businessmen. That gave him an insight other officers rarely get."

PH Kurian's most defining moment came in 2012 when he served as the Controller General of Patents, Government of India.

Bayer, the German Pharmaceutical giant was selling its cancer drug Nexavar at over  Rs.2.80 lakhs for a month's dose. The medicine was out of reach for a majority of patients.

It was then that Natco Pharma sought a compulsory licence for Nexavar's generic version. It offered to sell the drug at Rs.8800.00 a month. After an 18-hour hearing over three days, Kurian wrote a 62 page order in Natco's favour. It became India's first compulsory licence that drew global attention. 

Irked, US had placed India on its Priority Watch List over the ruling

The irony is, it was Cancer that took him away.

Excerpts:
'From pharma fiat to leading '18 relief ops, Kurian was 'textbook' bureaucrat'
M.S.Vidyanandan, The New Indian Express, 28.08.2026


ANDRE AGASSI's Memoir OPEN

Andre Agassi's memoir OPEN conveys the turbulence that tormented him  on the final appearance at the the US Open in 2006. 

He was 36. He was on the court. He was very tired. He was in excruciating pain. But he knew well  that to step back from what he had been trained for years together is not that simple.

He penned:

"As this last piece of identity falls into place
I slide to my knees and in a whisper say
'Please let this be over'
But
I'm not ready for it to be over"

Realising that the human connection he has found on the way is worth more that anything else in the world, he addresses his fans at the stadium 

"You  have given me your shoulders
To stand on, 
To reach for my dreams
Dreams 
I could have never reached
Without you."


Thursday, August 27, 2026

TUKARAM MUNDHE I.A.S - 25 TRANSFERS IN 21 YEARS

Tukaram Mundhe is the real life Singham. 

The IAS officer from the 2005 Maharashtra Cadre has faced 25 transfers in his 21 years of service.

If you are upright, you have to be happy it wasn't 50 transfers or more. You have to be happy you are still in service. You have to be happy you are still around.

Every once in a while, we get to witness the resounding impact of a firebrand government officer who lives up to the ideal image of how a public servant should function.

Tukaram Mundhe, Commisioner of Maharashtra's Food & Drug Administration (FDA), had assumed charge only in May 2026. Spearheading high profile statewise raids,  inspection of eateries and food manufacturers and looking for evidence of  adulterated food and unhygienic practices, he has won accolades from the general public. They want him retained and not transferred.

But one Mundhe every now and then isn't what we need.

More than just celebrating the work of one upright public officer, the people, the judiciary and the media need to closely look at all the actions of all officers occupying important positions, especially  jobs that directly affect people's lives. 

Mundhe's clampdown has brought to the focus that several eateries in Maharashtra and leading food brands have been found to be violating the food safety laws.  There is a general sense of shock at the names involved. Had it not been for for Mundhe, these establishments and companies would have continued their business as usual.

Mundhe's efforts shouldn't have been exemplary in the first place. It should have been the default situation of food regulation in India.

However, we get the the administration we deserve.

Mundhe is a product of the Indian Adminstrative Service. It is India's elite public service. It selects the most meritorious students who crack one of the most rigorous exams. Yet officers like Mundhe tend to be the exception rather than the rule. It definitely is not a good sign of governance when things depend on one individual officer to correct the system. 

Mundhe had revealed the true potential of his department in setting things right within weeks after taking charge, disrupting the status quo. Of course nothing like this had happened when Mundhe's predecessors were in charge.

The questions are,"Why is it so difficult for most officials to instil accountability in their departments?" "Why are poor quality products  sold in India by companies that sell better quality products in other countries?" "Why do Indians faced with administrative apathy, learn to become fatalist in their beliefs and approach to life?"

One official becoming a sort of messiah is not what India's administration needs. It needs a majority of its public servants to provide honest, consistent and diligent service. Then routine inspections will not be replaced with once in a blue moon raids.

Going by his track record, Mundhe will soon be replaced. But this time, the state food commosioner will be under compulsion to raise the bar and not lower it.

Excerpts from:

WHAT HEADLINES ON TUKARAM MUNDHE TELL US

That we laud Maharashtra's FDA chief for doing his job, shows low public expectations from administrators.                                                                                                                              
We should demand more, and also know that lone crusaders often get tagged as "high-handed'

Kiran Kabtta Somvanshi in The Times of India of 26 August 2026

Wednesday, August 26, 2026

Why India, Pak rang in I - day with no clue about borders

In his report in The Times of India of 14 August 2026, Jayanta Kalita delves into the Archives of TOI and narrates the events that led to the birth of India and Pakistan.. The post overlaps with relevant inputs from the internet  as well as personal inferences

Why India, Pak rang in I - day with no clue about borders

If there ever was a man unfit to undertake an exercise of humongous proportions and significance - drawing a line through 175000 square miles (453247 sq km) of land, determine the fate of millions of people and carve two sovereign nations out of British India - it was none other than the British lawyer, Cyril Radcliffe.

On a sweltering afternoon in July 1947, the 48 year old British barrister stepped off a plane at Delhi's Willingdon airfield (now Safdarjung airport). He had never been to India before. He spoke none of its languages. He had no training in cartography. He had little understanding of the intricate, centuries old social and cultural landscape he was about to redraw.

He was mandated to divide colonial India into two nations. The exercise split communities, set off one of history's largest and bloodiest mass migrations and left territorial disputes that haunt South Asia to this day.

Radcliffe drew the partition map in secrecy. He relied on outdated census data, flawed maps and an ink pen for the surgical strike. He masked his incompetence through working  behind the  shuttered windows of a secluded bungalow on the grounds of the viceroy's estate - now Rashtrapati Bhavan. 

Even as the British Empire was making a hurried retreat - it was desperate to leave India before a civil war erupted on its watch -  the Partition was sealed under the June 3 plan, spearheaded by Lord Mountbatten, the last viceroy of British India. The plan established two Boundary Commissions - one for Punjab in the west and another for Bengal in the east - both chaired by Radcliffe.

Their mandate appeared deceptively simple. Draw the boundaries of the two new dominions along areas where Muslims and non - Muslims formed contiguous majorities. But Radcliffe had found himself wedged between the fiercely competing political demands of  Indian National Congress and  Muslim League along with the irreconcilable claims over territory put forth by them  and the unforgiving deadline of Mountbatten - August 15, 1947. 

Radcliffe never visited the border lands he was tasked to divide. He was reportedly wary that his presence could fuel panic among communities already living through a hypercharged and highly volatile political crisis.

Mountbatten's Ploy and a Million Deaths

Radcliffe finally submitted his boundary reports on August 12. Making a calculated decision, Mountbatten locked the maps in a safe and suppressed the announcement. India and Pakistan declared independence on August 15 and 14, respectively without knowing where their international borders actually lay.

Like much of the country, villagers in Punjab's Gurdaspur and Bengal's Nadia and  Dinajpur raised the Tricolour on August 15, 1947, believing they were finally living in an independent India. Days later, many discovered that a new boundary line had placed their homes and villages in a different country.

It was only on August 17, two days after the British flags were lowered and the victory parades concluded, that the Radcliffe line was publicly revealed.   

The result was chaos. The confusion was profound

Families woke up to discover that their fields belonged to one country and their homes belonged to another. 

Police stations, courts and revenue offices suddenly found themselves on the wrong side of the divide. Entire pockets were left without a functioning administration. In the vacuum, panic spread quickly, followed by violence. Within days, an estimated 15 million people had fled across the borders.

Mission over, Radcliffe left India on August 18, 1947 - just a day after his boundaries were published. 

Horrified by the violence that followed, in which around one million people are estimated to have died, he burned his field notes. He refused his 3000 Pounds Sterling fee and vowed never to return to the subcontinent.

World War One was one of the deadliest conflicts in the history of the human race, in which over 16 million people died.

World War II was the largest and most violent military conflict in human history.. 70 million to 85 million people had died during World War II. This total includes roughly 21 million to 25 million military deaths and 45 million to 55 million civilian deaths, driven by combat, genocide, famine, and disease. 

A cavalier approach  means  a careless, dismissive or overly casual attitude toward serious matters, important rules or other people's feelings. It shows a lack of proper concern and a tendency to ignore potential risks or consequences. 

No doubt, Radcliffe's approach was cavalier. He proclaimed it loudly with his deeds. He was the perfect fit for the British who hated the Indians for driving them out of India. Retribution is what the British longed for. They had, for almost two centuries, lorded it over India with their 'divide and rule policy'. They left India after dividing it into two nations, that were to remain, perpetually at loggerheads. It suited their interests, especially business interests. It suited the interests of the Arm Merchants who invented the first World War. With the carrot of independence dangled by the British, the Indians unwittingly fell for the trap. India that had been one for centuries together was carved into two. Later the two became three with the inception of Bangladesh. Imagine what a super power India would have been if the British had been unsuccessful in dividing the great nation.

Radcliffe awarded the Muslim majority tehsils of Gurdaspur district to India. It was bitterly protested by Pakistan. The decision gave India its only vital land corridor with the erstwhile state of Jammu and Kashmir.

The Chittagong hill tracts, a region with a predominantly indigenous Buddhist population with ethnic ties with India's Northeast was awarded to East Pakistan to secure the hinterland for the Chittagong Port, creating long term ethnic displacement in the area.

The worst was the validation of the centuries old land gambling stakes, between the Kingdom of Cooch Bihar and the Mughal empire in the east, by the Radcliffe line in Bengal. Local legend had implied that the complex system of border enclaves between Cooch Bihar and Mughal territories (or Rangpur) originated from chess or dice games where regional rulers wagered local villages and pockets of land as stakes.  The result was a bewildering constellation of enclaves - 111 patches of Indian territory inside East Pakistan (now Bangladesh) and 51from the the other side inside India.

For the seven decades that ensued, tens of thousands of residents in these enclaves lived as virtual non citizens They were unable to access basics like electricity, healthcare or state protection.

For any job you need a person who is well versed on the demands of the job. If he doesn't know anything about it he is trained well and then is placed on the hot seat. It enables him to perform well. Radcliffe might have been a very good and clever barrister. But he didn't know any thing about the onerous task he was assigned. It is like placing one who doesn't know driving on the driving seat or placing someone with no idea of accounting as the accountant of a reputed Institution. He would blindly affix his signature on all the documents presented  before him - exactly what the people who put him there desperately needed. Radcliffe was merely a signing machine. He happily did that and had sent one million to their deaths.   He  cannot absolve himself from the senseless act that displaced15 million people who never knew what had hit them

Cyril Radcliffe did exactly what the British desired. 

With his cruel intervention, he finished India, the great country, for good.

 


HAZARDS

 


The Video on Kezia Liz Mejo winning Miss India Universe 2026 was forwarded to a close friend, a Pastor.  His Church has a universal presence.   

A few lines were inserted.l

"Incredible 

India Miss Universe

Her mother hails from Kadammanitta - the Kalleli MarThoma Church. 

The family is in Abu Dhabi.

Ann's elder sister Vinaya and her mother were contemporaries as they grew up.

Ann is our daughter in law

Look at what one can achieve even if you are from a village sans the paraphernalia of a major city or a developed locality.

You can, if you believe"

He responded:

"I am too happy with every achievement...

But remember Rachel Gupta & Milla Magee too."

(The inference was, they had relinquished the crowns they won due to circumstances they disfavoured)

I replied:

"Hazards. 

Remember the Church has been confronted with hazards for years together.

Like the prophets we cry out, "Oh! God. Don't you see this?" "Where are you?" "Why do you remain silent?"  "Are you still there?" "Don't you have concern for your people?" "Why do you let the evil doers enjoy a free run?"

" It seems the answer is at the conclusion  of 'Tess of the D'Urbervilles' by Thomas Hardy.

" We could see something like, "Mortals are mere playthings for the Gods."

But we don't have to give up.

History tells us evil never reigns forever.