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TheVol. 3 Issue 7, July / August 2012An e-Zine Publication from Malayali Friends GroupAn Introductory Note on Reverse Mortgage & Elderly Persons with Own PropertyCOVER STORYINSIGHT100 Benefts of MeditationINSIGHTSignifcance of Onam & Ashtami Rohini VallasadyaEditorial BoardGopal NairSreedharan NairV N GopalakrishnanDevi MohanShobhaa IyerDesign & PublishingSabariMarketing.comAdvisory BoardG Madhavan NairPresident, IAA, Former Chairman ISROKaithapram Damodaran NamboodiriPoet & lyricistK S Money IASFormer Secretary General, NHRCMrinalini SarabhaiIndian Classical DancerM S ViswanathanMusic DirectorNanda Kumar IASDirector, Dept of Information & PR, KeralaP N C MenonChairman, Sobha Developers LtdP T UshaIndian Athlete and Founder, Usha School of AthleticsDr Philip AugustineManaging Director, Lakeshore HospitalProf Rajasekharan PillaiFormer Vice Chancellor, IGNOUDr Rathan Kelkar IASFormer Director, Kerala State IT MissionR K PanickerExpert - Food and NutritionShobhanaBharatanatyam Dancer and Cine ActorDr T P SasikumarChairman, Shiksha, I IAA & I ISSLLSiddeek AhmadChairman & MD, ERAM Group, Saudi ArabiaTP SreenivasanFormer AmbassadorV SureshPrincipal Executive Offcer of HIRCOTheVol. 3 Issue 7, July / August 2012An e-Zine Publication from Malayali Friends GroupMailing AddressB-8 Ridham, Bhaikaka Nagar, Thaltej Cross Road, Ahmedabad 380 059ContentsEDITORIAL ..............................................................................................................1Classical Status for Malayalam is a Must!Editorial BoardCOVER STORY ..................................................................................................... 2An Introductory Note on Reverse Mortgage & Elderly Persons with Own PropertyAdv. Kappillil Anilkumar, Coordinator, Legal CellPOEM ........................................................................................................................ 5Dear MotherShobhaa IyerINSIGHT .................................................................................................................. 6100 Benefts of MeditationDr. BijumonCOLUMN ................................................................................................................. 9Do Love and Suffering go Hand-in-hand?Jessy Mathew, USAHOUSEHOLD TIPS ................................................................. 11Smart Uses for SaltShobhaa IyerCOLUMN .............................................................................. 14Following Orders: LiborSidan VadakutSHORT STORY.......................................................................17Innu Njan, Naale Nee!Vijayan KannikunnuHEALTH .................................................................................19Exercise for Health & Ergonomics for WorkDr Sudha NairHISTORY & CULTURE ............................................................21Heritage Site in Thiruvananthapuram turns Encroachers ParadiseSudhir Kumar COLUMN .............................................................................. 22How Damaging is a Bad Boss, Exactly?Gopal NairINSIGHT ............................................................................................................... 23Signifcance of Onam & Ashtami Rohini VallasadyaV N GopalakrishnanCOLUMN .............................................................................. 26NG in Acceleration ModeEr Audy ZandriARTICLE ............................................................................... 28Tanishq AbrahamVinson PalathingalINSIGHT ................................................................................................................29Words Derived from Names of DiseasesV.R. NarayanaswamiPHOTO GALLERY .................................................................. 30 Munnar, Thekkady, & Alleppey BackwatersSijo ThomasDonation to Millennium Charitable Trust is tax exempt vide Certifcate No. DIT(E)/Ahd/80G(5)/791 /09-1 0 valid from 01-04-2009 onwards - issued by the Director of Income Tax (Exemption), Government of India, Ahmedabad 380 009Millennium Charitable Trust Account No.30829969549(IFS Code No. sbin001 1 748 for NEFT online fund transfer from any bank / any branch) State Bank of India, Thaltej Branch, Ahmedabad 380059, Gujarat, Indiawww. mf ggl obal . or gJuly / August 2012 The Malayali Wings 1EDITORIAL Editorial BoardClassical Status for Malayalam is a Must!Chief Minister Oommen Chandy is right while stating that Malayalam has all the qualifcations to receive the classical language status and there is no justifcation for denying this. He stated this while inaugurating the festival offce of the Vishwamalayala Mahotsavam on July 12, 2012. Kerala government has approached the Centre to extend the classical status to Malayalam and the Chief Minister has personally apprised the Prime Minister and the Central Minister for Culture in this regard. However, the Centre has denied this status to Malayalam without even considering the State governments opinion.In a report to the Ministry of Culture, Linguistic Committee of the Sahitya Kala Academy has passed a unanimous verdict saying that Malayalam does not meet the main criterion of high antiquity. According to the rules laid down by the Central Government, a language can be accorded classical status only if it is 1,500-2,000 years old. A new report was submitted to the Centre with comprehensive evidences that Kerala has the right to have classical status for Malayalam. The state government urged the Linguistic Committee to reconsider its decision. Countering the Linguistic Committees argument, Dr. Puthusseri Ramachandran, a member of the Expert Committee of Scholars headed by Shri. O.N.V. Kurup stated that even the Malayalam alphabet is 1,500 years old and obviously the language had existed before the evolution of the script. He argued that even Tolkapiyam, the fourth-century AD Tamil work has references about Malayalam.How to receive classical status for Malayalam? is the pertinent question lingering in the minds of Malayalis the world over now. It is interesting to note that the Tamil Scholars fought for 150 years for getting the classical status for Tamil. In 1887 Shri. V.G. Suryanarayana Sastriar gave a clarion call at the University of Madras for giving classical status to Tamil along with Greek, Latin, Hebrew and Sanskrit. Tamil language received classical status on October 12, 2004. Similarly, Kannada and Telegu languages were accorded classical status by the Centre. What is needed now is persistent political pressure and continuous efforts on the part of literary and linguistic institutions and personalities. Lets all hope that the Viswamalayala Mahotsavam, being organized by the Kerala Sahitya Academy from November 1-3 this year and its celebrations, becomes a representation of the Malayalis all over the world. Malayali Friends Group (MFG) is ever ready to join hands with the Kerala Sahitya Academy and other institutions in their efforts to get the classical status and fght till we achieve our objective!!!COVER STORY Adv. Kappillil Anilkumar, Coordinator, Legal Cell An Introductory Note on Reverse Mortgage & Elderly Persons with Own PropertyReverse Mortgage is an innovative fnancial concept meant for elderly citizens in India who owns a permanent house property but lacks ready cash fow to sustain lifes other requirements that could be bought only with ready cash. This fnancial product is not for the elderly shelter-less persons. Through reverse mortgage, an elderly house-owner can convert house property into income generation while maintaining the ownership and right to residence in his house. The National Housing Board was entrusted by the Government of India during 2007-08 to undertake the responsibility of evolving suitable regulatory mechanism for reverse mortgage in the country. (See the appendix). All major nationalized banks now offer this service to the elderly citizens. The principal difference between the forward mortgage and reverse mortgage is that in the former case, the borrower can mortgage his property as collateral and receive a one-time loan for buying a house, can pay the loan amount steadily and then after redeeming the loan over a period of time, own the house whereas in the case of reverse mortgage the owner of the house sells his house to the lender and receives a steady cash income while he continues to occupy his house until his demise or sells the house to other party, or moves out to another house permanently. It may be noted that in case, the borrower in reverse mortgage opts for selling his house to another person or moving out to new residence permanently, he will have to repay the entire amount of loan availed from the lender. The reverse mortgage loan could be availed in lump sum or The Malayali Wings July / August 2012 www. mf ggl obal . or g2www. mf ggl obal . or gJuly / August 2012 The Malayali Wings 3by monthly payments for a fxed term and the maximum period is 15 years. It should, however, be verifed whether the repayment liability of the borrower remains increased to the market value of the house at the time of recovery if the accumulated loan and interest exceed the realizable value of the assets at the time of disposal. The owner of the property and his/her spouse can be the joint borrowers and be the benefciaries of the monthly payments. In case of the death of one of the borrowers, the spouse will automatically become the benefciary of the monthly payment during the 15 year loan period. Later she/he is still entitled to stay in the house till his/her death. In case of death of both the partners, the entire amount of the loan liability will be settled from the sale proceeds of the property mortgaged and the remaining balance will be given to the heirs.To summarize, a reverse mortgage loan can be availed by senior citizens above the age of 60 years, independently owning with clear title deed and living in a