Anchored to Price

Should you redeem mutual fund units now?

The mutual fund industry is witnessing a bit of...

Premium Content
Monthly Digital Access


Already A Subscriber?
Yearly Digital+Print Access


Moneylife Magazine Subscriber or MSSN member?

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
RBI’s policy stand on expected lines: Experts

Mumbai: Bankers today said the status quo in the monetary stance of the Reserve Bank of India (RBI) is largely on expected lines taken after considering the tight liquidity situation and overall cooling inflation numbers, reports PTI.

“The RBI has taken a balanced view by keeping monetary measures unchanged. With inflation showing signs of abatement, easing of liquidity measures will support economic growth,” foreign lender Citi’s chief financial officer, Abhijit Sen, told PTI.

In its mid-term policy announcement, the RBI today kept its key rates repo and reverse repo (short term lending and borrowing rates) untouched while the cash reserve ratio (CRR)—the amount of cash banks have to keep with the central bank—was also left unchanged.

The repo presently stands at 6.25% and the reverse repo at 5.25%. The CRR also remains unchanged at 6%.

Rather, the central bank opted for making use of other instruments like lowering of SLR by 1% to 24% cent of their net demand and time liabilities.

It will conduct open market operation (OMO) auctions for purchase of government securities which is slated to infuse another Rs48,000 crore in the system.

Private sector lender HDFC Bank’s head of treasury operations, Ashish Parthasarthy, said though the SLR had already been taken down by 2% as a special measure earlier, banks were not comfortable using the window.

But now, the measure is more “palatable” for banks as it can be done automatically.

“Theoretically, no additional liquidity is being infused, but practically, I am sure there will be an increase,” he said.

Public sector Corporation Bank's chairman and managing director, Ramnath Pradeep, also said that the move was on expected lines, though he would have liked a cut in the CRR as well to infuse more liquidity.

Mr Pradeep said he does not expect any more rate hikes by the RBI till March.

Corporation Bank's asset liability committee will be meeting before 25th December to take a call on its base rate, which is one of the lowest in the industry, he said.

“We were waiting for the RBI’s policy for direction. Now that it is clear we may increase the base rate,” he said.


overcoming learning difficulties

A not-for-profit organisation, MDA is committed to securing the rights of children with dyslexia, reports Shukti Sarma

It was Vinita Pandit, a respected principal of Arya Vidya Mandir, who was instrumental in bringing together parents of children who faced problems in school. Initially, it was a meeting place for parents to seek emotional and professional support for their children and to create a community. Soon, other activists and professionals lent support to the cause. In 1996, they formed the Maharashtra Dyslexia Association (MDA).

Now, MDA has three centres in Mumbai. It has a team of psychologists, special educators and other professionals, offering various services. MDA is a global partner of International Dyslexia Association. It holds workshops in schools and colleges; offers therapy and career counselling; provides teacher training; undertakes research; and holds meetings with educational institutes. Dyslexia, literally ‘difficulty with words’, is a specific learning difficulty which affects a person’s ability to read, spell and understand language while speaking or in writing.

Children with learning difficulties are taken to MDA by their parents or are referred to MDA by their teachers. Kate Currawalla, president, MDA, said, “Dyslexic children are as intelligent as others, but cannot perform in class because it is a language-based disability. They can give correct answers orally, but have difficulty in writing. Often, parents have unrealistic expectations from them. It results in confusion and erodes the child’s self-esteem because he fails to understand why his friends sail through academics while he is left behind. We show the parents that their IQ levels are quite high and make them understand where the difficulty lies.”

At MDA, children go through tests. These are often a revelation for the struggling children as they learn about their strengths and weaknesses. Children and their parents are counselled on dyslexia. An MDA representative said, “It is equally important for the parents to undergo counselling to keep track of the children’s development. The focus is not only on achieving academic competence at school, but also to develop self-esteem and help them with their personal and emotional issues.”

Project coordinator Sunita Pagedar talked about a 13-year-old boy who came a year ago with multiple problems. He had trouble with concepts, planning and evaluating his own activities and had attention deficiency and poor communication skills. He was enrolled for Level-1 of the instrumental enrichment programme. After a year, he has moved to Level-2. “Now, he is able to communicate better and has a fair knowledge of his abilities. He is more confident and his performance has improved in school. He has become more receptive and looks forward to coming to our centre,” she said.

MDA also organises workshops and conducts training programmes throughout the year, for continuing education for professionals in this field and for qualified interns. It also offers the only dyslexia therapist training programme in the country and coordinates an advocacy cell that brings together leading professionals to push for the rights of children with learning disabilities.

2010 was a big year for MDA, when they participated in the Mumbai Marathon for the second time, in the Dream Run category. The children and their families participated enthusiastically, along with their teachers and the volunteers. It was the perfect platform to raise awareness about the cause and boost the children’s self-esteem. Ms Currawalla, said, “About 60 members are participating in the coming year, including children and our staff.”

You can contribute financially or by way of professional support to the team. There is a corpus fund for advocacy and research programmes. Treatment and therapy for dyslexia is expensive; sponsoring a child helps the organisation provide treatment to more students. Donations for office equipment and the library are also welcome.

Maharashtra Dyslexia Association

003, Amit Park,
423, Lala Jamnadas, Gupta Marg,
Deonar Farm Road,
Mumbai 400088
Tel: (022) 25565754
[email protected]



Dr Rashida

5 years ago

Hi every one
I am a doctor by profession and a mother of 2. one of them is having learning disability(disgraphia)I want do the best for my child as well as for those suffering the same problems as him Can somebody please guide me where to start from?

John Hayes

7 years ago

You may find this page of free dyslexia help links helpful . .

There is no reason not to avail yourself of information ,programs and other free dyslexia help from the web.

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)