THE IMPACT OF BEST WOULD AFFECT THE REST

I think you all have heard that, people like those who are like them. But there is a change, most people like those who are best among them. It happens with you, me and everyone in the world. Any person who is best in any particular thing would be noticed most. Like a beautiful girl catches the eye of every boy and a handsome boy catches the eye of every girl. Similarly it applies to every situation because our mind always enjoys noticing the best. 

God has provided all of us with great minds but it is up to us how we apply it. That’s why some people do it very well, while other could not. Your deeds and ideas would make you a leader but it is your attitude which would decide whether you would be best or the rest. If you would be the ‘rest ’ then you would be only a leader but if you would be the ‘best’  then you would be a mass leader who would be followed by all.

It takes years of time to be the best, you need to sacrifice many things and need to be passionate about your goals. But once you achieve the ‘best’, the sky would be your limit and whole world would be yours. Moreover one thing you can observe, the impact of ‘best’ would always affect the ‘rest’ and even to those persons who do not belong to same field. Virat Kohli, the flavor of the nation, you can observe his impact on all the other cricketers. All cricketers have started believing the consistency which was once unbelievable before it has been achieved by Kohli. Many people who do not even watch cricket begin talking about his consistency. You may notice managers citing it as example to motivate his employees. Similarly is the case of Hon’ble Prime Minister, when he won general assembly election in 2014 due to massive campaigning. Since then, it was his impact due to which the role of speeches and addresses have been increased drastically in the campaigning. It is the result of battle which he has won with all politicians that every election since then is fought either against him or in his favour. Everyone either talks for Narendra Modi or against him but there is no third ideology. These state the degree and extent on which the impact of ‘best’ affects the ‘rest’.

Aptitude may shape you as a leader but it is your attitude which would build you a mass leader. ‘Best’ is not a destination but a journey which would transform you from ‘R’ (Rest) to ‘B’ (Best) which requires various skills but believing in yourself and having faith on yourself matters the most and this is success mantra which would be applicable for everyone in every situation.

Being a leader you may master others which is your strength but mastering yourself in a systematic manner is your true power. And this transforms you to be a mass leader and would make you the BEST.

All your suggestions are warmly welcomed........

THE POSSIBLE SHAPE OF WHAT WE THINK IS IMPOSSIBLE!

Like everyone else in the world we always think that one or other task seems to be impossible. Being a CA student, I always used to think AIR 1 seems to be impossible for me. But then I thought why they can but I cannot and there seems to be a possibility afterward. This applies to every situation in life also.

All of us know very well the situation of education system in India; the situation is very frightening. The worst is the most important level i.e. basic level. The latest Annual Status of Education Report states almost 50% of students in standard 5^th cannot read textbook of standard 2^nd and almost 60% of students of standard 8^th were unable to do the basic mathematical operations. This terrible situation enforces us to think the reason behind it. We start thinking, is teacher the reason behind it? Yes, it is, but if we carefully observe the state of Indian education especially the government schools, it is worst. Though government is spending a lot of money on the same yet they are not delivering the expected result. We need to ponder over the point to find out the exact reason which hits education system the most. The government is spending the money all around and paying more money to the government teacher than the private teacher. Yet, they are not delivering the expected result and why they should deliver when they are having better job security even without performing. When we ask anyone for the solution who is aware of the fact, everyone is simply clueless. And it seems impossible to solve the problem.

But there always exists a possible shape of what we think is impossible. There is always a solution for every problem and similarly for this too. The solution is competition. Yes, competition can solve this problem. The lack of competition or we can say no competition resisting the teachers from performing well as they know that the poor don’t have alternative of government school. Poor would continue to come to the government school and state would continue to run the schools and they would continue to earn much in exchange of their adhoc services and teaching.

In order to solve the problem, the next task is to bring the competition into the picture. US have shown the way, the recently elected government has ushered the voucher system to reform education system. Under the voucher system, the government will provide money to parents in the form of voucher instead of spending money on government school. This can also be introduced in India also, where parents would have the opportunity to decide the best private school for their children and submit the voucher. The school can encash it with the government. In this way, government would keep spending but in a transformed manner and student would get far better education. This would also give a sense of competition to government teachers and would enforce them to perform better. It is clearly showing us the possible shape of what we are thinking impossible and would completely transform the education system in India. 

All of your suggestions are warmly welcomed,,,,,

INVESTORS BEWARE WITH THE EFFECT OF REMOVING CASH WITHDRAWAL LIMIT ON BANKING SECTOR AND ENTIRE MARKET

Investment in the market is always associated with better analysis, greater courage and larger risk appetite. There are various puzzles like demonetization and trump effect on the economy. Several dynamic factors must be considered before making decisions and all of them seem to be unpredictable. But there exists a leaf of faith in every situation whether it was 2008 recession or the current situation on the basis of which one can derive his decision. And today the removal of cash withdrawal limit from banks after 13 March 2017 can be turned to the same leaf to determine the track of Indian economy.

Post union budget, the biggest decision other than keeping the repo rate unchanged is the removal of cash withdrawal limit from banks which would have its major impact on banking sector and whole economy. India has always been a cash dependent economy. If we divide Indian economy on the basis of business scale, we would observe greater contribution of small and medium sector industries to the economy over the large sector. Less circulation of money and small withdrawal limit have adversely affected small and medium sectors of economy for short term. Removal of withdrawal limit will prove to be a big relief for small sector but this is not going to be very helpful for large sector as the government has put limits on allowable cash expenditure and maximum cash expenditure can be only 10000 per day and in any instance one cannot transact more than 300000 in cash. Well this move would boost the affected trade cycle and would favour cash based business activities. It would increase the investment activities and asset creation by those small and medium sectors. As soon as the investment activities would increase it would enhance business activities, contributes to employment generation and ultimately contributes to better growth of the economy.

Considering the effect on the entire economy it would hit the banking sector most. Banking sector has enjoyed since demonetization, SBI the largest commercial bank in India gained almost 14.3% on the stock exchange with the immediate effect of demonetization. Banks are enjoying low cost funds in the form of current and saving account deposits. They whenever enjoy high liquidity invest it in RBI securities which even earns them more than their operating margin. But in the same line, banks witnessed tremendous fall in their credit business. It has touched to a new low since 90’s. And also they have lost the earning opportunity by waiving transaction fees to promote digital payment. As of now banks are enjoying transaction fee and low cost fund too. But soon this would be yesterday’s thing due to removal withdrawal limit. The move will boost credit business of bank and which means banks would bring the RBI securities back in the market to maintain their liquidity and would also loss their low cost deposits. But all these are not going to happen simultaneously. The immediate effect on the bank would be loss of low cost fund after removing the withdrawal limit. This would put the entire banking sector in pressure for short period as it would take time to streamline the process of credit growth which means investment for longer period is more beneficial. But in the long run it would gain them their lending business and their credit growth in the line of massively developing Indian economy. And the best is going to happen to fastest growing Indian economy with the enhanced contribution from small sector and help economy to return to the same track of pre demonetization development and that too with more intense, fresh and prosperous environment.

All of yours suggestions are warmly welcomed.......