Friends,

If March is known for exams and financial closing month, May is identified as month for vacation and results. Some sweet, some sour. Vacation is leisure time and results spoil the party. I have noticed parents in severe tension due to results of their wards, career of their kids and admissions. The tension is understandable but these days due to peer pressure, it has multiplied a lot. Kids are under severe tension mainly due to lesser marks are not getting admission in desired school. In my view parents should understand that Marks or percentage race may help temporarily but this is not the end. There are lot of opportunities mostly better than what is lost to build a great career ahead. The race for same king of admission, same courses, same subjects and so on.....causes serious damage to the creativity of the child , putting him in depression and also pushing him to take drastic steps. Mainly children commit sucide due to fear of failure. We need to educate the parents and children about various opportunities ahead in life which may be better too if properly undertaken. The story of legends need to be studies properly. Education is good and important but not every thing. Some people who I know were not academician but have been highly successful. Be it L.N. Mittal (Arcelor Mittal), Bill Gates, G.D. Birla, Dhirubhai Ambani, M.F. Hussain.........a long list. I don't mean to downgrade the education but want to highlight that life is much beyond education.

Parents should visualise that education, package , degree etc. are not everything.

CP

Friends

Being a chartered accountant by profession, finance and economics have always been my favourite subjects. In last 30 years of professional career, finance has dominated my thought process at every stage. I am not expert into either of these subjects, but still always love to talk about them. The economy is broader segment of which finance is one of the category. Indian economy has been an integral part of my life and have seen lot of decision which were right, wrong or unwarranted. Whenever new government takes charge, the expectation are high because we feel they have different attitude and hence better performer. These expectations put us on psychological tests where we closely monitor to see expectations come true. This happens only when either the new team is better qualified or the earlier team had performed worst. Last couple of years has put we Indian on this psychological test where all the hopes from earlier team had vanished and double expectations were made from the new team. Both situations were not right and therefore today we feel heartburn as the expectations we made from new team could not come true so far. Hope is definitely there but time is also running out. Anyways we can not blame new team for every thing as it was our fault to have such high expectation.

Summer time is going on, people are mostly having vacation programmes now. As usual hill stations are favourite destinations. There is a caution, since last 5 years, the Himalaya is showing disturbing signs. Some thing is going on inside and outside , upper side of the land and inside too. People going in those areas should be cautious and alert. Nepal has just seen the worst earthquake, Kashmir had to face two major rains in six months and Uttarakhand tragedy is still quite green.

CP