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V K Jain Profile picture
V K Jain
@veekay_jain
Scientist by education, Banker by profession and a Poet by nature
k v s jain Profile picture 1 subscribed
Dec 5, 2019 • 31 tweets • 6 min read
#EastIndiaCompany_Coins
This little piece of history may do some good to them, who on social media are circulating images of fake coins, apparently issued by East India Company, with images of Hindu & Jain gods.

1. East India Company estb their 1st factory in India in 1611
1/n at Masulipatnam on east cost. In 1639, they took on lease some land around Chennirayapattinam, from the Raja of Chandragiri, a feudatory of Vijayanagar Empire, & built there Fort St George, which subsequently grew into Madras town.

2. Since they first landed, they had felt
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Oct 28, 2019 • 12 tweets • 3 min read
An idol of Rishabhdev, the first Tirthankar, at the Guimet Museum in Paris.

He re-established the lost Jain religion at the end of the 3rd aara (tritiya kaal) of the present Avsarpini half of Kaal-chakra (time cycle). As per Jain scriptures, there is no creator or destroyer of this world. It's been there & will continue to be there for ever. It's only changing constantly in cycles of growth & decay.
One complete cycle of growth & decay, Kaal-Chakra, is of 2000 million million yrs, divided
Oct 10, 2019 • 18 tweets • 8 min read
#TheTalwarAmendment:
The rot afflicting PSBs had started in 1976 when the #SBIAct was amended to authorise the Govt to remove the SBI Chairman w/o citing any reason.

Prior to this, chairman couldn't be removed before completion of his term, w/o giving "sufficient ground".
1/n This amendment to SBI Act is commonly known in banking circles as #theTalwarAmendment as it's sole purpose at that time was to remove #RKTalwar, the most illustrious chairman of #SBI, who refused to bow to a diktat of #SanjayGandhi, the most powerful politician at the time.
2/n
Oct 5, 2019 • 11 tweets • 3 min read
#Banking is a business of #trust. With trust gone, the biggest bank will collapse in no time.

This is a true story that happened about 30 years ago. In a village near Faridabad, Govt had acquired some land & paid the farmers in cash. One of them got 10 lacs, which was
1/n big money at that time. As keeping the money at home was risky, this guy (let's call him "A") came to the town & deposited the entire amount into an FD in a bank.

About a week later, someone ("B") in the village told this A that he (B) had been to the same bank & saw
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