he yielded to negative public sentiment about sita ’ s purity and banished sita into exile in the forest for a second time. sage valmiki provided shelter to a pregnant sita in his ashram ( hermitage ) where she delivered twin sons named luv and kush. sage valmiki trained luv and kush to be masters in archery so that no one on earth could defeat them in war. he also taught them about divine and celestial warfare. ram decided to perform ashwamedha yagna to enlarge his empire. the ashwamedha yagna is a ritual where an emperor sends out a horse accompanied by his army to various neighboring kingdoms. the local king has two options. he could either allow the horse to wander, signaling that his kingdom is annexed. or, he could tie up the horse, indicating that he was ready to battle the emperor ’ s army. the horse wandered into the forest where luv and kush lived and the twins tied up the horse, not knowing its significance. ram sent hanuman to retrieve the horse. hanuman recognized luv and kush as the sons of ram. he let them capture him and tie him up. worried, ram sent his brothers and his army to look for the horse. as they saw hanuman tied up and luv and kush guarding him, they thought the two boys had stolen the horse. bis central bankers ’ speeches so ram ’ s brothers started attacking luv and kush who defeated them all. eventually, ram himself came to confront them in battle and eventually learned that luv and kush were his children. once sita witnessed the acceptance of her children by ram, sita sought final refuge in the arms of her mother bhumi devi ( the goddess earth ), to receive her and as the ground opens, she vanishes into it. if you want to learn how it is ram did not know he had these two powerful sons, then i encourage you to read the ramayana. for me, luv and kush represent the future of central banking … a strong approach of specialized, skills that can take on any force. at central bank, we are building capacity in specialized skills such as anti - money laundering, actuarial science, cyber security and operational risk. demand is also picking up for expert skills in strategic communications, international relations, and behavioral psychology. a decade ago, these skill sets were nowhere on the radar of central bank. like luv and

ewart s williams : opportunities available for business growth in trinidad and tobago address by mr ewart s williams, governor of the central bank of trinidad and tobago, at the employers ’ consultative association conference, port - of - spain, 21 january 2010. * * * i would like to commend the employers ’ consultative association ( eca ) for staging this conference that brings together the employer community to exchange ideas on how best they could build and sustain their competitiveness in today ’ s highly volatile environment. this discussion is most timely since the economy is now at an important inflexion point, at which we need to devise new strategies to maintain our growth momentum and living standards, over the medium term. it is worth noting that we are essentially a private sector economy and that real economic growth on a sustainable basis could only be generated by the private sector. i would go further to add that while the energy sector has brought us to where we are, given its future prospects, it is going to be the non - energy private sector, to take us the rest of the journey. the private sector now faces several challenges but a whole host of opportunities. as you know, the economy registered very rapid growth in the period 2001 – 2007, when real gdp increased at an annual rate of 7. 6 per cent. while growth in the period was driven by the expansion of the energy sector, reflecting in the main, the establishment of liquid gas and other petro - chemical facilities, the non - energy sector also expanded briskly – at a rate of 5. 4 per cent per year. what was interesting though was that the major growth drivers in the non - energy sector were construction, banking and real estate, and distribution ( wholesale and retail ). manufacturing did reasonably well but on the basis of domestic demand, with the data suggesting that there was a leveling - off of non - energy exports. i should note, ladies and gentlemen, that the behaviour of the economy in this period of surging oil and gas prices was not atypical for a resource - based economy and in fact, it was consistent with a thesis called “ dutch disease ”. in line with this “ thesis ”, the buoyant energy sector spawned a boom in government revenues and expenditures, high inflation and wage increases, a loss of competitiveness of the non - energy export sector and increased investment in non - tradable, such as, real estate and retail establishments ( stores, and restaurants and so on )