शक्रादिष्वपि देवेषु वर्तमानौ नयानयौ।
श्रूयेते नरशार्दूल न त्वं शोचितुमर्हसि॥
śakrādiṣv api deveṣu vartamānau nayānayau
śrūyete nara-śārdūla na tvaṁ śocitum arhasi
śakra-ādiṣu = in Indra and other; api = even; deveṣu = devas; vartamānau = of the presence; naya-anayau = of morality and immorality; śrūyete = we hear; nara-śārdūla = O prince; na = not; tvam = You; śocitum = lament; arhasi = should.
We hear of the presence of morality and immorality even in Indra and the other devas! O prince, You should not lament.
1 Iha devatāḥ means “the demigods in the material world.” Bhagavad-gītā 4.12 states—kāṅkṣantaḥ karmaṇāṁ siddhiṁ yajanta iha devatāḥ: “Desiring the perfection of fruitive activities, men worship the demigods in the material world by sacrifices.” This translation is derived from Prabhupāda’s synonyms to this verse.
“[We hear of] morality and immorality” means “[We hear of] the happiness and unhappiness stemming from [their] morality and immorality [respectively].”
He then elaborates on this as follows.
NOTE. Śrīla Prabhupāda has clarified the actual position of the devas as follows in his purport to Bhagavad-gītā 4.12:
There is a great misconception about the gods or demigods of this material world, and men of less intelligence, although passing as great scholars, take these demigods to be various forms of the Supreme Lord. Actually, the demigods are not different forms of God, but they are God’s different parts and parcels. God is one, and the parts and parcels are many. The Vedas say, nityo nityānām: God is one. Īśvaraḥ paramaḥ kṛṣṇaḥ. The Supreme God is one—Kṛṣṇa—and the demigods are delegated with powers to manage this material world. These demigods are all living entities (nityānām) with different grades of material power. They cannot be equal to the Supreme God—Nārāyaṇa, Viṣṇu, or Kṛṣṇa. Anyone who thinks that God and the demigods are on the same level is called an atheist, or pāṣaṇḍī. Even the great demigods like Brahmā and Śiva cannot be compared to the Supreme Lord. In fact, the Lord is worshiped by demigods such as Brahmā and Śiva (śiva-viriñci-nutam). Yet curiously enough there are many human leaders who are worshiped by foolish men under the misunderstanding of anthropomorphism or zoomorphism. Iha devatāḥ denotes a powerful man or demigod of this material world.1 But Nārāyaṇa, Viṣṇu, or Kṛṣṇa, the Supreme Personality of Godhead, does not belong to this world. He is above, or transcendental to, material creation. Even Śrīpāda Śaṅkarācārya, the leader of the impersonalists, maintains that Nārāyaṇa, or Kṛṣṇa, is beyond this material creation.