Monday, July 23, 2007

SEPA


Recently I have done a project on SEPA (Single Euro Payment Area). So, I thought of sharing it with you all. Idea is not to bore you but share something interesting about SEPA, as in college days we all learnt about European Union, that EU has the highest degree of economic integration across the globe and SEPA is just the next step to strengthen this integration. Imagine all the banks of EU using single network for clearing interbank settlements….!! SEPA impacts all banks operating in 31 countries — the 27 EU member states, the three European Economic Area countries (Liechtenstein, Iceland and Norway) and Switzerland. SEPA will allow customers to make non-cash euro payments to any beneficiary located anywhere in the euro area using a single bank account and a single set of payment instruments. All retail payments in euro will thereby become “domestic”, and there will no longer be any differentiation between national and cross border payments within the euro area. The Single Euro Payments Area (SEPA) is an initiative of the European banking industry that will make all electronic payments across the euro area – e.g. by credit card, debit card, bank transfer or direct debit – as easy as domestic payments within one country are now. The proposed Payment Services Directive is intended to provide the necessary legal framework for SEPA, as well as for better payments in all EU countries. The SEPA schemes as designed by the EPC are aimed at ensuring that all scheme participants in Europe, whether they are in Belgium or in Finland, will be using the same standards and act under the same rules.The EPC has defined the new schemes, frameworks, rules and standards for euro payments. The implementation of SEPA is being undertaken by European banking communities and all other stakeholders. The European Central Bank (ECB) and the European Commission (EC) strongly support SEPA and with the EPC. The SEPA payment instruments will have a decisive advantage over any existing national payment instrument: they will be usable all over Europe and guarantee to the payer and payee full reachability in a much larger market than any national market. As such, they will constitute the “highest common numerator” compared to the variety of features available based on the presently existing instruments.

On a practical level, SEPA means that you will be able to make fast and secure transfers between bank accounts anywhere in the euro area, while if you are shopping abroad you will be able to use your bank debit card to make a payment in euro, just like at home. SEPA will also help to improve all payments, whether they are domestic payments or cross-border payments between two euro area countries. All consumers will benefit from new rules ensuring transparent pricing and prompt transfer. Banks will be able to make the first SEPA products available starting 1 January 2008, and are aiming to make SEPA a reality for everyone by the end of 2010.There are two major milestones for the establishment of SEPA:
  • Pan-European payment instruments for credit transfers, direct debits and debit cards, will be available from 1 January 2008, in addition to national ones
  • At the end of 2010, all present national payment infrastructures and payment processors should be in full competition to increase efficiency through consolidation and economies of scale.

Key dates-
1957:Treaty of Rome creates a European Community

1992:Maastricht Treaty creates the euro

1999:Introduction of the euro as an electronic currency,including introduction of the RTGS system TARGET for large-value transfers

2000:Lisbon Agenda. The meeting creates a European Financial Services Action Plan

2001:EC Regulation 2560/2001 harmonises fees for cross-border and domestic euro transactions

2002:Introduction of euro banknotes and coins

2003:First pan-European ACH (PE-ACH) goes live. EC Regulation 2560/2001 comes into force for euro transactions up to €12,500

2004:10 additional countries join EU

2006:EC Regulation 2560 cap increases Euro transactions up to €50,000

2008:SEPA pan-European payment instruments will become operational in parallel to domestic instruments

2010:SEPA payments will become the dominant form of electronic payments

2011:SEPA payments will replace all national payments in the eurozone



Friday, July 20, 2007

How difficult it is to understand others and accept them?


It took me sometime when I planned to start blogging and when I actually started; the only reason was I never want to make personal things public…. And now also, when I am quoting the incidence I don’t want to reveal the names… But to write anything some kind of personal tint is needed… isn’t it…?
One day I was listening to hot argumentative conversation between two of my friends. And both of them are good at convincing others about their point of view when they talk. But I had never seen both of them convincing each other and landed up in big argument. The talk was going around for getting admission in IITs and landed up in their present company where they are working. I was silently listening to their conversation without interrupting them because both were very passionate about their views.
The sentence which forced me to think was, one guy said, “While preparing for engineering entrance exam I put my best but I didn’t get through IIT and same with placement in my college, therefore what I am today is the best I have done for myself”. Where as other guy said, “I really didn’t put my optimal effort otherwise IITs are not beyond reach, and I didn’t take my placements seriously so where I am today is fine with me”.
After the above statements they narrowed their discussion to the approached which they were calling “FOCUSED”. One denied the fact that if we are preparing for entrance exam no one can question us that we are NOT focused…..!! Where as other emphasized that it doesn’t matter what we are doing.. What matters is how one is doing and how much we are ‘Focused’…!!
After the end of their discussion there was no common consensus and I being a silent listener some kind of opinion was asked implicitly but at that point I was not very sure about my opinion and kept myself totally detached. And later, I concluded that the argument between them was not just the reflection of their views about the topic rather that was reflection about their feelings and expression. The whole discussion was lacking the acceptance and the very reason which I could think of is blockage with vision. I was relating this with the story of ‘Seven Blind Men and An Elephant’ where all seven men were touching different parts of elephant’s ears, tail, leg etc etc and one declares elephant is like fan as he touched ear, other declared its like rope as he touched tail and so on…. And what happens as a result that they believe that elephant is what they realize, and they will never have common consensus on elephants shape…. Here also, the first person is believer that ‘Sky has limit’ so has he… and confirms that he puts his best what ever he does and explores his capabilities and potentials. Where as second person knows and believe that he has lot more unexplored potential, for him sky has no limits, he is just seeing the part of sky but not putting the effort to pervade the limit.
Therefore, in lack of “Clear and Broader Vision” we tend to behave like blind person…!! We don’t put our feet in others shoe and visualize from others perspective…and land up in arguments when the object is clear and no discrepancy is there to accept others feeling, understand our own self and express it…!

Tuesday, July 17, 2007

Great Indian Brains (Ancient) in various Science Domains



ARYABHATT(476 CE) MASTER ASTRONOMER AND MATHEMATICIAN :

Born in 476 CE in Kusumpur (Bihar), Aryabhatt's intellectual brilliance remapped the boundaries of mathematics and astronomy. In 499 CE, at the age of 23, he wrote a text on astronomy and an unparallel treatise on mathematics called "Aryabhatiyam." He formulated the process of calculating the motion of planets and the time of eclipses. Aryabhatt was the first to proclaim that the earth is round, it rotates on its axis, orbits the sun and is suspended in space - 1000 years before Copernicus published his heliocentric theory. He is also acknowledged for calculating p (Pi) to four decimal places: 3.1416 and the sine table in trigonometry. Centuries later, in 825 CE, the Arab mathematician, Mohammed Ibna Musa credited the value of Pi to the Indians, "This value has been given by the Hindus." And above all, his most spectacular contribution was the concept of zero without which modern computer technology would have been non-existent. Aryabhatt was a colossus in the field of mathematics.


BHASKARACHARYA II(1114-1183 CE) ALGEBRA:

Born in the obscure village of Vijjadit (Jalgaon) in Maharastra, Bhaskaracharya's work in Algebra, Arithmetic and Geometry catapulted him to fame and immortality. His renowned mathematical works called "Lilavati" and "Bijaganita" are considered to be unparalled and a memorial to his profound intelligence. Its translation in several languages of the world bear testimony to its eminence. In his treatise "Siddhant Shiromani" he writes on planetary positions, eclipses, cosmography, mathematical techniques and astronomical equipment. In the "Surya Siddhant" he makes a note on the force of gravity: "Objects fall on earth due to a force of attraction by the earth. Therefore, the earth, planets, constellations, moon, and sun are held in orbit due to this attraction." Bhaskaracharya was the first to discover gravity, 500 years before Sir Isaac Newton. He was the champion among mathematicians of ancient and medieval India. His works fired the imagination of Persian and European scholars, who through research on his works earned fame and popularity.


ACHARYA KANAD(600 BCE) ATOMIC THEORY:

FOUNDER OF ATOMIC THEORY As the founder of "Vaisheshik Darshan"- one of six principal philosophies of India - Acharya Kanad was a genius in philosophy. He is believed to have been born in Prabhas Kshetra near Dwarika in Gujarat. He was the pioneer expounder of realism, law of causation and the atomic theory. He has classified all the objects of creation into nine elements, namely: earth, water, light, wind, ether, time, space, mind and soul. He says, "Every object of creation is made of atoms which in turn connect with each other to form molecules." His statement ushered in the Atomic Theory for the first time ever in the world, nearly 2500 years before John Dalton. Kanad has also described the dimension and motion of atoms and their chemical reactions with each other. The eminent historian, T.N. Colebrook, has said, "Compared to the scientists of Europe, Kanad and other Indian scientists were the global masters of this field."


NAGARJUNA (100 CE) WIZARD OF CHEMICAL SCIENCE:

He was an extraordinary wizard of science born in the nondescript village of Baluka in Madhya Pradesh. His dedicated research for twelve years produced maiden discoveries and inventions in the faculties of chemistry and metallurgy. Textual masterpieces like "Ras Ratnakar," "Rashrudaya" and "Rasendramangal" are his renowned contributions to the science of chemistry. Where the medieval alchemists of England failed, Nagarjuna had discovered the alchemy of transmuting base metals into gold. As the author of medical books like "Arogyamanjari" and "Yogasar," he also made significant contributions to the field of curative medicine. Because of his profound scholarliness and versatile knowledge, he was appointed as Chancellor of the famous University of Nalanda. Nagarjuna's milestone discoveries impress and astonish the scientists of today.


ACHARYA CHARAK(600 BCE) FATHER OF MEDICINE:

Acharya Charak has been crowned as the Father of Medicine. His renowned work, the "Charak Samhita", is considered as an encyclopedia of Ayurveda. His principles, diagoneses, and cures retain their potency and truth even after a couple of millennia. When the science of anatomy was confused with different theories in Europe, Acharya Charak revealed through his innate genius and enquiries the facts on human anatomy, embryology, pharmacology, blood circulation and diseases like diabetes, tuberculosis, heart disease, etc. In the "Charak Samhita" he has described the medicinal qualities and functions of 100,000 herbal plants. He has emphasized the influence of diet and activity on mind and body. He has proved the correlation of spirituality and physical health contributed greatly to diagnostic and curative sciences. He has also prescribed and ethical charter for medical practitioners two centuries prior to the Hippocratic oath. Through his genius and intuition, Acharya Charak made landmark contributions to Ayurvedal. He forever remains etched in the annals of history as one of the greatest and noblest of rishi-scientists.


ACHARYA SUSHRUT (600 BCE) FATHER OF PLASTIC SURGERY:

A genius who has been glowingly recognized in the annals of medical science. Born to sage Vishwamitra, Acharya Sudhrut details the first ever surgery procedures in "Sushrut Samhita," a unique encyclopedia of surgery. He is venerated as the father of plastic surgery and the science of anesthesia. When surgery was in its infancy in Europe, Sushrut was performing Rhinoplasty (restoration of a damaged nose) and other challenging operations. In the "Sushrut Samhita," he prescribes treatment for twelve types of fractures and six types of dislocations. His details on human embryology are simply amazing. Sushrut used 125 types of surgical instruments including scalpels, lancets, needles, Cathers and rectal speculums; mostly designed from the jaws of animals and birds. He has also described a number of stitching methods; the use of horse's hair as thread and fibers of bark. In the "Sushrut Samhita," and fibers of bark. In the "Sushrut Samhita," he details 300 types of operations. The ancient Indians were the pioneers in amputation, caesarian and cranial surgeries. Acharya Sushrut was a giant in the arena of medical science.


VARAHAMIHIR (499-587 CE) EMINENT ASTROLOGER AND ASTRONOMERA:

Renowned astrologer and astronomer who was honored with a special decoration and status as one of the nine gems in the court of King Vikramaditya in Avanti (Ujjain). Varahamihir's book "panchsiddhant" holds a prominent place in the realm of astronomy. He notes that the moon and planets are lustrous not because of their own light but due to sunlight. In the "Bruhad Samhita" and "Bruhad Jatak," he has revealed his discoveries in the domains of geography, constellation, science, botany and animal science. In his treatise on botanical science, Varamihir presents cures for various diseases afflicting plants and trees. The rishi-scientist survives through his unique contributions to the science of astrology and astronomy.


ACHARYA PATANJALI (200 BCE) FATHER OF YOGA:

The Science of Yoga is one of several unique contributions of India to the world. It seeks to discover and realize the ultimate Reality through yogic practices. Acharya Patanjali, the founder, hailed from the district of Gonda (Ganara) in Uttar Pradesh. He prescribed the control of prana (life breath) as the means to control the body, mind and soul. This subsequently rewards one with good health and inner happiness. Acharya Patanjali's 84 yogic postures effectively enhance the efficiency of the respiratory, circulatory, nervous, digestive and endocrine systems and many other organs of the body. Yoga has eight limbs where Acharya Patanjali shows the attainment of the ultimate bliss of God in samadhi through the disciplines of: yam, niyam, asan, pranayam, pratyahar, dhyan and dharna. The Science of Yoga has gained popularity because of its scientific approach and benefits. Yoga also holds the honored place as one of six philosophies in the Indian philosophical system. Acharya Patanjali will forever be remembered and revered as a pioneer in the science of self-discipline, happiness and self-realization.


ACHARYA BHARADWAJ (800 BCE) PIONEER OF AVIATION TECHNOLOGY:

Acharya Bharadwaj had a hermitage in the holy city of Prayag and was an ordent apostle of Ayurveda and mechanical sciences. He authored the "Yantra Sarvasva" which includes astonishing and outstanding discoveries in aviation science, space science and flying machines. He has described three categories of flying machines:

1.) One that flies on earth from one place to another.

2.) One that travels from one planet to another.

3.) And One that travels from one universe to another.

His designs and descriptions have impressed and amazed aviation engineers of today. His brilliance in aviation technology is further reflected through techniques described by him:

1.) Profound Secret: The technique to make a flying machine invisible through the application of sunlight and wind force.

2.) Living Secret: The technique to make an invisible space machine visible through the application of electrical force.

3.) Secret of Eavesdropping: The technique to listen to a conversation in another plane.

4.) Visual Secrets: The technique to see what's happening inside another plane.Through his innovative and brilliant discoveries, Acharya Bharadwaj has been recognized as the pioneer of aviation technology.


ACHARYA KAPIL (3000 BCE) FATHER OF COSMOLOGY:

Celebrated as the founder of Sankhya philosophy, Acharya Kapil is believed to have been born in 3000 BCE to the illustrious sage Kardam and Devhuti. He gifted the world with the Sankhya School of Thought. His pioneering work threw light on the nature and principles of the ultimate Soul (Purusha), primal matter (Prakruti) and creation. His concept of transformation of energy and profound commentaries on atma, non-atma and the subtle elements of the cosmos places him in an elite class of master achievers - incomparable to the discoveries of other cosmologists. On his assertion that Prakruti, with the inspiration of Purusha, is the mother of cosmic creation and all energies, he contributed a new chapter in the science of cosmology. Because of his extrasensory observations and revelations on the secrets of creation, he is recognized and saluted as the Father of Cosmology.

Monday, July 16, 2007

Cereal which Delights me 'Raagi'



Raagi is the cereal which I started consuming in my everyday food, because of its nutritional value and health concerns. After all having junk our body needs something nutritious to balance it out. First time I came to know about Raggi when my aunt was feeding her baby with Raagi porridge instead of cerelac…!! According to traditional belief among people of Karnataka, they consider Raagi as complete food and substitute of milk…!!

Finger millet or African millet is known as “Raagi” in southern part of India.
Botanical name- Eleusine coracana


Raagi is an annual plant widely grown as a cereal in the arid areas of Africa and Asia. Finger millet is originally native to the Ethiopian Highlands and was introduced into India approximately 4000 years ago. It is very adaptable to higher elevations and is grown in the Himalaya up to 2300 meters altitude.

Ragi is the main food grain for many peoples, especially in dry areas of India and Sri Lanka. Grain is higher in protein, fat and minerals than rice, corn etc. When consumed as food it provides a sustaining diet, especially for people doing hard work. Straw makes valuable fodder for both working and milking animals. Grain may also be malted and a flour of the malted grain used as a nourishing food for infants. Ragi is considered an especially wholesome food for diabetics.

Ragi has the highest Calcium content and good fiber content. This is a very good source of calcium for growing children and aged people who need calcium supplement. Finger millet is especially valuable as it contains the amino acid methionine, which is lacking in the diets of hundreds of millions of the poor who live on starchy staples such as cassava, plantain, polished rice, or maize meal.

Nutritive value of Ragi per 100 g-

  • Protein 7.3 g
  • Fat 1.3 g
  • Carbohydrate 72 g
  • Minerals 2.7 g
  • Calcium 344 g
  • Fibre 3.6 g
  • Energy 328 KCal
Beer-
Some minority used Finger Millet flour to made alcohol (BacHa alcohol is a good drink of H'mong minority).


Folk Medicine-
The leaf juice has been given to women in childbirth, and the plant is reported to be diaphoretic, diuretic, and vermifuge. Ragi is a folk remedy for leprosy, liver disease, measles, pleurisy, pneumonia, and small pox.

Cuisines-
  • Raagi Soup
  • Raagi Roti
  • Raagi Dosa
  • Raagi Popcorn
  • Raagi Health Drink
  • Raagi porridge
  • Raagi Mudde
  • Raagi Idli

Through my personal experience, I would like to suggest usage of Raagi, as it keeps face pimple/ acne free, and it will not add extra pounds. I usually intake it as porridge preparation of it takes hardly takes 5 mins. Just take 3-4 spoons of flour add 3-4 cups of water boil it for 4-5 mins add sugar for taste and 20 ml of milk before taking it off from the flame. Eat it warm, its really really delicious.






Friday, July 13, 2007

Eagle and its instincts


When it rains all birds occupy shelter but Eagle is the only bird that avoids the rain by flying above the clouds………!!


Think of an eagle...what comes to mind? A large powerful bird of prey, swooping down and snatching up its next victim? Or maybe you imagine a beautiful and noble bird with very likable qualities. Actually, eagles are all of that and more. In the US, Eagle is a symbol of justice, strength, and fairness. However, to the rest of the world the eagle may bring to mind many different images as there are many different types of eagles...

Facts:

1- There are about 59 different species of eagles throughout the world....!!

2- Eagle can be found in every continent except Antarctica

3- Eagles are excellent fliers, and they all have excellent vision.

4- Eagles come in all sorts of sizes and colors

5- Even the reproductive organs are specialized to reduce size.
6- A female eagle has only one ovary which is normally very small.
7- During breeding season, this one ovary will increase up to 1,500 times in size.
8- Their lungs are connected to a series of air sacs that are throughout the body and into even the breast muscles.
9-Eagles’ hearts are relatively larger and stronger than mammals. And think of their hearts pumping the blood into the muscles as well as circulating the oxygen!



10- When eagle flaps its wings, the primary flight feathers act like the propeller on an airplane. These feathers are angled so the low pressure area of the feather is towards the front of the bird, pulling the bird forward. The main lift and propulsion come on the down stroke of the wings. When the wing is lifted upwards, the secondary flight feathers also help create lift.


Following forces work together to make both airplanes and birds fly. If all are equal, then the bird or plane will fly in a level path-
1- Thrust
2- Lift
3- Drag
The pull of gravity can be thought of as the thrust. Lift is generated when the forward motion through the skies overcomes its weight. Drag is the force that tends to push something along with the air flow.

Scientists have put eagles into four different groups-

(i) Sea and Fish Eagles

(ii) Snake Eagles

(iii)Harpy Eagles

(iv)Booted Eagles

Instinct which I like in eagle is-
Concentration

Will power

Doesn’t matter how strongly wind is blowing, it struggle with full strength to overcome it

The way eagle teaches their nestlings to fly in cloudy weather..


Have you ever been amazed what it's like to fly free….??
To see the world as far as the eye can see………..
To view the surroundings from high and from low…
To hear only the sound of a distant echo…..
To float in the air……..
To admire many rainbows that the trees tend to hide…..
To see the misty mornings over a beautiful mountain top…
To glide over a flowing lake that never seems to stop….
To watch the animals from over a mile away….
Or, to rise above the tree tops that gleam in the day….?
If you were an eagle you would wonder no more,
For it can see things you have never seen before.
Next time you look into the sky of blue,
Think of what it's like from an eagle's view...!!


" Problems are common to all but attitude makes the difference"

Thursday, July 12, 2007

Realization of Known


I felt I was like a spectator……
And you were like a garden…..
I entered in the garden and enjoyed the peace and nature over there.
I was so lost in my own thoughts; I overlooked the plethora and flora of the garden.
One day suddenly I came out from my tranquil sleep….
Seeing the rays of sun dancing over my head……
Too strong rays…. As if they were asking me to wake up and see the flora clearly..!
And asking me to be careful…. Real world is different from the world residing with in you….
Then spectator looked around and shocked seeing all cacti and thorns….
Was tough to believe…. How fast this change happened in the beautiful garden…..When this change happened….
But that was of no use to think….
Spectator looked at her own….. Find her feet with cactus, spikes and thorns….
Which were giving pain and adding red color…!
That moment spectator felt like soul has left the body….
Is this the garden she wanted to enter….???
Is this the garden she wants to stay…??
Then she thinks of the garden, who allowed her so generously…
And provided her with the space, peace to go in tranquility…
Will it be fair to leave the garden….??
Obviously no…!
She thanked the garden…. She thanked the garden humbly for its generosity….
Garden then asked her not to leave….
She showed the red color of her feet and told about the pain….
She complained about the cactus, thorn and spikes…..
Garden said they are also part of me….
And garden continues, I allowed them to grow to add aesthetics….
These cacti are also dear to me….and spectator you too…..
Garden again asked spectator to stay…..
Spectator asked the garden to throw the cacti as they are degrading its aesthetic value…..
Garden being full of green and spectator being full of red,
Both are right but not convinced with each other….
God asked spectator to leave the garden and come out of pain…..
Spectator told God this garden has given her a tranquil sleep,
It’s not fair to leave the garden….
God asked what you will do by staying there….??
You can’t move there, there is no space left for you, all is covered with cacti…..
Still spectator decided to stay in the garden, as garden’s words were enchanting….
But how fair is this judgment…..??
No space is left for the spectator….??
What is the purpose to stay there knowing the fact no space for movement…!!
And garden is not ready to leave those cacti……
Fortunate’s are those who get gardens……
Unfortunate spectator, who has no other option,
Can leave or stay there as dead…!!
In other words, presence or absence doesn’t make any difference….!!!
(I wrote this poem in Aug,2006)

CONSCIOUSNESS


"Nature has infused all of us with impeccable wisdom.

When you're connected to your innate intelligence,

you know how to get where you want to go.



God's Mind is in direct communication with yours.

In fact your mind is God's mind"