Showing posts with label National. Show all posts
Showing posts with label National. Show all posts

Monday, September 6, 2010

Shiva's mace procession in Himachal begins Wednesday during the Manimahesh pilgrimage in Chamba district

Shiva's mace procession in Himachal begins Wednesday during the Manimahesh pilgrimage in Chamba district

2010-09-06 12:20:00



The procession of the holy mace of Lord Shiva during the Manimahesh pilgrimage in Chamba district of Himachal Pradesh would start Wednesday, an official said Monday.

'All arrangements have been made for the 'Charri Yatra' (holy mace procession) that would begin from 1,000-year-old Lakshmi Narayan temple in Chamba town,' Chamba Deputy Commissioner Devesh Kumar told IANS.

The month-long annual Manimahesh pilgrimage commenced Aug 20 and would conclude on Radhashthmi Sep 15 when thousands of devotees would take a dip in the oval-shaped, glacial-fed Manimahesh Lake.

So far, more than 150,000 devotees undertook the pilgrimage to the Manimahesh Lake in the Bharmour Valley from where they can see Mount Kailash, believed to be the abode of Lord Shiva, and offer prayers.

It is believed that the devotees can have a view of the Mount Kailash only if the lord is pleased. When the peak is hidden behind clouds, it is a sign of the lord's unhappiness, the faithfuls say.

The state government has already allowed private heli-taxi operators to ferry people during the pilgrimage.

The choppers ferry devotees between Bharmour town, the base camp of the pilgrimage, and Gauri Kund, just one km short of the lake. The to-and-fro fare per person is Rs.7,500.

The journey on foot starts from Hadsar at a height of 6,000 feet, and after passing through rugged, cold and inhospitable terrain it concludes at 13,500 feet at the lake.

All About: National,Religion,Himachal Pradesh

Wednesday, April 14, 2010

Hugh McCulloch - Comptroller of the Currency says so-----


The article was the advice of Hugh McCulloch, the Comptroller of the Currency in 1863 and later the Secretary of the Treasury. McCulloch wrote these comments to the national banks under his watch, imploring them to uphold prudent lending standards.

Let no loans be made that are not secured beyond a reasonable contingency.

Do nothing to foster and encourage speculation.

Give facilities only to legitimate and prudent transactions.

Insist upon the payment of all paper at maturity, no matter whether you need the money or not.

Distribute your loans rather than concentrate them in a few hands. Large loans to a single individual or company, although sometimes proper and necessary, are generally injudicious, and frequently unsafe.

If you have reason to distrust the integrity of a customer, close his account. Never deal with a rascal under the impression that you can prevent him from cheating you. The risk in such cases is greater than the profits.

In business, know no man’s politics. Manage your bank as a business institution, and let no political partiality or prejudice influence your judgment or action in the conduct of its affairs.

The capital of a bank should be a reality, not a fiction.

It should be a chief aim, therefore, of the managers of the banks, to make their respective institutions strong; not only to keep their capital from being impaired, but gradually to create a surplus that will be a protection to their capital and to their creditors in the trying times that sooner or later happen to all banking institutions.

Splendid “financiering” is not legitimate banking, and splendid financiers, in banking, are generally either humbugs or rascals.

Hugh McCulloch
Comptroller of the Currency
1863

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