My Attributed Balance Sheet

 My Attributed Balance Sheet

 As an accountant by training and qualification, I am prone to reckon everything in numbers.  But my personal Balance Sheet of Assets and Liabilities if drawn in conventional units of Rupee would look pathetic and dismal.  I therefore thought of drawing my Balance Sheet in attributable terms.   No other time than now when the year 2024 is coming to an end and I have completed my existential and uneventful life of 86 years appears apt for this exercise

 For those uninitiated in accountancy, the Balance Sheet is an enigma, showing, curiously, the same totals both of one’s Assets as well as Liabilities. After all, one is expected to have more assets than liabilities to reflect one’s financial position. In fact, there are reported cases of persons asking their investment advisors how their thousands of savings in investments have resulted in equal amounts of liabilities and no profit!

 To escape from this problem, I have drawn my personal balance sheet using some common   attributes. Under this approach there is no question of proving the positive and negative attributes arithmetically.

  Let me here answer another question which many people including several students in   accountancy classes ask as to why the Liabilities are shown on the left-hand side and the Assets on the right-hand side in a Balance Sheet much to the embarrassment of the Professors...  However, a clever Professor took recourse to linking the ancient custom in Hindu rituals like marriages where the wife stood on the right-hand side of the husband, which to any one facing them, is the husband’s left-hand side and concluding nothing else can be a better example of a liability for a male than his wife!!

 Here is how my Attributed Balance Sheet would look.                

                           My Balance Sheet on Completion of 86 years

                                    

      Capital & Liabilities

    A. Capital

    Family upbringing and Values

    Education

    Organizational ethos & work experience    

    B. Liabilities

    Long term:  Unmet life/career ambitions

    Short term: Prejudices /biases

       Assets          

         A.  Fixed Assets     

             Blessings of parents, gurus and the Almighty God

            Family Harmony

           Goodwill of relations and friends

        B. Current Assets    

             Professional recognition    

            Social & Community Relations

Teens walking to schools in the morning

 

Teens walking to schools in the morning

In the morning glow, as the sun ascends,
  The path to school where the journey bends,
Girls in clusters, their whispers alight,
   Giggling softly, sharing secrets tight.

Their laughter dances on the crisp, cool air,
   Braids and ribbons catching sunlight's glare,
Books clutched loosely, stories to unfold,
    In voices where youth's excitement is told.

The boys, a storm, unbridled, unbound,
    Feet pounding earth with a thundering sound,
Running, wrestling, their energy bright,
     Mock boxing matches, a playful fight.

Together they weave a morning parade,
    A tapestry of youth, in sunlight displayed,
On this lively path, dreams intertwine,
    Bound for a future where stars will shine.

 My wife and I are on a month's visit to  our daughter's home in Bengaluru.  She lives in a well planned and quiet condominium full of greenery  further enhanced by rose and many other flower  plants and a kitchen garden around the house thanks to my son-in- law's green finger and 

 interest in gardening. 

 My daughter is a great cook and laid out special and tasty items in the meals. The already agreeable Bengaluru weather too suddenly became cooler  adding  to our  comfort. 

During our previous visits to Bengaluru we were quite mobile visiting our other friends and relations , fine dining and shopping. This time however we did not stir out at all with my wife's worsening arthritis and  unstable walking due to ageing. However the monotony was not long  thanks to the  celebration of a family event during our stay  with many friends and relations attending.

However deep down our hearts there was the signal that Bengaluru is not our HOME. This thought is like what my wife told me wife told me once.  She said that while she would go eagerly to her parents' home for a longer stay,   she would soon cut short her stay and  decide to return to HER HOME  !  

So, we are leaving here in  two days  for "amcha ghar" in Mumbai.!

A Single Sweet Red Rose

I saw you first ten days ago

   All in gusto and bloom 

You smiled and gently

   Swayed in welcome 

Since then we have had a date 

   Old me with faltering limbs 

And you young and teasing 

   "Come, feel and kiss me" 

 I will be gone soon but will come again 

   Will you await me with the same smile?

Chennai Air Show

Last week in Chennai a massive crowd of lakhs and lakhs of people gathered in Marina Beach to watch the IAF air show. Unfortunately, the surge of the crowd to leave after the show has resulted in serious traffic dislocation in all modes like cars, busses? Suburban Railway and the Metro. Owing to severe heat and the health condition of many spectators 5 deaths and many hospital cases of injuries etc have been reported As a student of economics, I am convinced that the approach in crowd management should no longer be supply side strategy but based on Demand side strategy which is what I wrote in my following blog rambler raman Friday 12 July 2024 Crowd Management: An Alternative Perspective Huge crowd gatherings are not new to India. Any occasion is good enough; fairs and festivals, religious discourses pravachans, sporting events etc. Massive crowds from all over the country gather like at Kumbh Melas. Political parties too gather huge crowds providing free transport and other incentives. In recent times, the national passion for cricket has also become a big crowd puller. Organisers of these events obtain permission form Local Administrations and the latter provide facilities like drinking water, toilet, temporary accommodation in tents, special buses and trains to and from the site, first-aid, general medical and sanitary services to control spread of diseases like cholera, etc. Managing Crowd at Events and Venues of Mass Gathering, a 2014 publication of National Disaster Management Authority is replete with details of precautions and provisions for managing crowds. These only represent the strategy in crowd management from the ""Supply" side. With a growing population, increased per capita income and improved transport services, crowds swell in large numbers every year posing enormous problems for Local authorities to provide these facilities adequately. Further, there is the unpredictable risk of the crowd getting into a frenzy to rush to the temple, river or the spiritual guru to have darshan, the holy bath or blessings of the Guru. If there is lack of any of the arrangements, heaven forbid, the catastrophe of human misery of death and injury of hundreds of people. Added to these is the problem of law and order when anti-social elements get into the fray. No matter how adequately or efficiently they are provided, there would always be a gap between what is required and what is provided. Therefore, it is time to address the crowd management problem from "Demand" side. . In a nutshell, this would comprise policy initiatives to curb the crowd attendance in fairs and festivals. At best, encouragement by providing incentives for travel to the sites should be stopped forthwith.as some State governments announced free trains and buses to Ayodhya after the Ram Mandir consecration. Instead, some additional fare could have been levied to transport the devotees in safety and comfort. . Another option could be to stagger the fairs in two or three segments spread over a month. For instance, the Shahi Snan (Bath) in Kumbh Mela could be on two days of the same Shukla/Krishna Paksha "Thithis" occurring at monthly interval... These ideas may not be brushed aside even if they ruffle the feathers.in some sections of the people A dispassionate understanding and cooperation of Heads of religious and social groups should dispel any objection if they realise the implication of an unrestricted crowd the limited resources for provision of safety and comfort and the grave risk of damage to life and property if crowds are not restricted in number.

 

The Agitated Old Man

Amartya Sen’s “The Argumentative Indian “and Sanjay Baru’s “The Accidental Prime Minister” inspired me to title this piece about my old age antics as “The Agitated Old Man” to share with my readers, if you see one that is, my reactions these days to men and matters.

In my younger days I would follow the laissez faire policy, which in one of my books on political science, was explained as “let the sleeping dogs lie” policy. But not anymore, I now have to willy -nilly express my opinion on everything happening around me. They may pertain to domestic, national, international issues on topics ranging from local vegetable prices in APMC market in Mumbai, MeToo campaigns Mollywood and elsewhere, destruction and construction of places of worship, global warming, water leakage seen on the Taj Mahal and other miscellaneous matters like Chandrayan, the present era is of peace and not war, Vietnam boat people and so on.  

Why this urge in me in my sunset years? My reckoning is because I am tired of doing all the things expected of from persons like me.  Let me list down these. As a retiree, my daily routine should follow a regulated regime of reading our ancient spiritual and religious books, performing daily poojas and reciting hymns in praise of gods and goddesses, get up early, bathe, do pranayama, observe fasts, counsel on family issues quoting from Vedas and Gita and overall lead a life of ennui and disinterest. None of these functions were in my daily time table during my working life till my seventieth year. No doubt I earned respect and recognition too.   

My problem now is what do I do with my time and accumulated experience and expertise in sifting through issues and separating the grain from the chaff. Should all this go to waste? Thank  God, my intellect has not retired from working and my analytical instincts are in good condition.  Of course, there may here and there be some tinge of cynicism or even exasperation but you cannot fault the objectivity in the arguments.   

So, I spend my considerable waking time on reflecting on everything as mundane as road accidents or as routine as sexual abuse of children and women or serious matters such as One Nation No Freebee or Arctic Melt down.  The beauty is that my fertile mind is able to dissect the problem and throw up solutions acceptable to all and implementable. I err only when I offer these outputs to others who appear to agree in my presence but I don’t know what they say behind my back.

 Who cares as long as the Constitution gives me the freedom of thought and speech?

 

Scams, Frauds and The State

Not a single day passes off these days without the newspapers carrying some or the other sob stories of people robbed of lakhs or even sometimes crores of rupees from their bank accounts. Usually the stories how the victims receive calls from unknown callers with enticing news like a parcel for you awaiting  to be picked up from the Customs counter at the local airport after paying the duty into a bank account  mentioned or the news form a recently acquired friend  in a matrimonial site asking for a deposit in an account to clear his immigration obstacle or an SOS message from a friend stuck in a foreign land with his passport and purse stolen for an  immediate transfer to a  bank account so as to secure his release and return home. The victims are not the poor uneducated rural customers as one would think of anyone falling prey to such frauds or scams but highly educated city- bred professionals like advocates, doctors, business-executives, cinema actors and   society ladies. The stories end with victims filing complaints with the bank, or specially created cyber crime wings of police etc. and the usual warning to not respond to phone calls from unknown phone callers.

There are also types of cyber-crimes. With so much online use for buying, selling, enquiring, travel and entertainment booking and even medical appointment and data sources like Wikipedia, Google, the whereabouts of one’s lifestyles, food habits, health and hobbies choice preferences fora thousands of things of all of us are an open book for anyone to exploit our vulnerability. Many societies have therefore enacted laws and systems to prevent, detect and punish those committing crimes. This is not withstanding the State itself for security reasons using cyber technology to detect and punish terrorists, drug mafia, human trafficators.

With so much danger looming large on our right to privacy and the State’s duty to protect its citizens, a moot question arises “Are laws and intentions alone sufficient?  Apparently not as the following news item would suggest/

As per a news item “” Bank not liable for following orders sent via hacked email” in The Times of India Mumbai dated16th Sept, a compliant by a Bank customer alleging negligence and deficiency in service and due diligence has been kicked about like a football between the Bank, Ombudsman, the State Consumer Commission and the concerned govt agency for cyber-crime. The Bank maintained that the party most responsible for causing the payment to be misdirected must bear the loss. Th Ombudsman did not accept the complaint for lack of details. The State Consumer Protection Commission considered it not as a fraud arising out of negligence or deficiency of service or of due diligence and interpreted it more as a cyber -crime fit to be dealt with by the Government agency for cyber-crime under the relevant provisions of the cyber law.

 We poor citizens are not concerned with such hair-splitting whether the loss to us is because of fraud or scam or our vulnerability or negligence. We want immediate corrective action for compensation of loss and fixing responsibility on whosoever committing negligence.  

 Today one talks of One Nation, One Everything but no one talks talk about   One Window for Victims of Fraud...

Is anyone listening?

 

Maid and MaYed in Mumbai

 Maid and MaYed in Mumbai

I was talking to my Kerala friend about encouraging the MSMEs when he interrupted and asked if I was  talking about MaYde in India policy. It took me only a second to understand that he meant Made in India policy because the Malayalees pronounce Blade as BlaYde and Table as TaYble adding a nasal Y accent to these words.  As I was already thinking of writing a blog on the iconic institution of the Maids of Mumbai, I decided to extend the scope of the blog to include the goods  of MSMEs which are  MaYde in Mumbai. 

  Dharavi in Mumbai ,with an area of 535 acres and  a population of more than one million, is considered as one of  the world's largest slums and a highly diverse settlement religiously and ethnically.   It has also the distinction of being the Maximum city's MSME hub  of a 1 billion dollar economy  with its  5000 businesses in some 15000 single room factories. The products manufactured are primarily garments, rexin and leather goods , soaps and detergents, potteries, furniture and food items. Additionally there are units engaged in tannery, tailoring, plastic recycling . In the case of leather and rexin goods , there are units making  hand bags of international brands , belts, shoes and and their imitations at a lower price. its products are exported to USA , Europe and the Middle east.  The congestion and lack of infrastructure here  has necessitated a plan for its  redevelopment .

  The Maids of Mumbai are the thousands of Kaam Bais working as part time cooks,  house-keeping karmcahris , care providers for children and the old and the infirm and a score of other ad-hoc jobs.  . They are mostly second or third generation Mumbai  Maharashtrians and are known for their honesty , sincerity and worth ethos. They undertake the work on a jab by job basis like sweeping and dusting , washing, cleaning utensils , each considered as a job and a wage  rate specific  to each. Regularity and  punctuality is their hall mark ,  mansoon or no mansoon. 

The cooks among them learn the different cuisines desired by the employer . Very presentable in  colourful sarees and well -fitting blouses or kameez and pajamas , oiled and groomed hairdos with some flowers tucked on the bun ,  they project a picture of good health and  hygiene . Some of them  look  even more sophisticated  and polished than perhaps their lady employers making some husbands leer at them.   They send their children to good schools, have the saving habit and not dreaded to discipline their men if  the need arises.  They may be servants in  others homes but they are certainly the  masters in  their own  homes. They are not shy of asking for a raise in their wages every year , a months salary as bonus on Diwali and 2 days leave with pay every month. Though not unionised, one can not sack them without their consent. 

What would life  be  in Mumbai without  Dharavi and the Kaam bais is hard to imagine.

 

Dr. A.V. Raman. Ph. D (Pune) B.A. (Hons), AICWA

Fulbright Post-Doctoral Fellow.

 

                                                       Board Barrier

 As one who has spent around three decades in the field of higher education, I was happy to read “Board Results don’t Impact one’s Larger Academic and Professional Journey Prof. Bijayalaxmi Nanda in Mumbai Times on May 18. She hits the nail on its head when she observes “It is the collective responsibility of society to stop judging children based on board examinations. Let me add some more thoughts.

The joint responsibility begins in the child’s home where more often than not the child is coerced   to believe that board results are the be all and end all through inducement or threat or even punishment. This should stop forthwith. The argument that in a highly competitive process of admission to professional education, board examination results coupled with an even more tough common entrance test score is counter-productive as the child may develop a morbid fear of examinations and tests. A student getting 98.9 % in Biology and comes within the first 100 ranks in NEET need not necessarily be suited for pursuing a curriculum of professional education in medicine unless an aptitude test to assess his/her capability to practice medicine is administered and evaluated. Similarly, within the MBA scene, a person somewhat shy and withdrawn may not be suitable for a sales job requiring an outgoing personality.

The second   entity involved in executing the joint responsibility is the print media who publish interviews of students scoring unbelievable high scores and the preparations they made for their high performance, with photographs of their parents to boot!  It is quite in order if the schools they passed out from recognize their merit in special functions and award them prizes but what good is the advertisements except the commercial interests of the Coaching Institutes. A recent film” All India Rank” highlights the travails of a student being subjected to unceasing pressure by his father to make it to admission for a private coaching institute in Kota for IIT entrance examination.

The third entity is appropriate policy for reducing competition faced by students due to demand- supply mis match particularly in undergraduate professional courses. The National Education Policy is sadly silent in this regard  except saying that the policy for college admission is “” based on the pillars of Access, Equity, Quality “, Affordability and Accountability”., As for professional course in Medicine it states “Given that people exercise pluralistic choices in healthcare, our health-care education system must be integrative meaning thereby that all students of allopathic medical education must have a basic understanding of Ayush and vice versa.”  ...

The fourth entity is the employer, both government and private. It is not clear how these agencies would redefine their qualification requirements for jobs.  With the graded system up to secondary school and curriculum designed to include knowledge and skills, the student now has the option to drop out at the end of the first and second years with certificate and diploma respectively, the employer should stipulate qualification/experience requirements. This may further include clarification on issues like the student dropping out will get preference to rejoin his employer .

 It is fervently hoped that issue raised here draws the attention of all concerned with children and their education

 

 

 

 

 

 

 

 

 Crowd Management  : An Alternative Perspective

 Huge crowd gatherings are  not new to  India. Any occasion is good enough ;  fairs and festivals,  religious discourses  pravachans , sporting events etc. Massive crowds from all over the country gather like  at Kumbh Melas. Political parties too gather huge crowds providing  free transport and other incentives. In recent times,  the national passion for cricket has also become  a big crowd puller.

Organisers of these events obtain permission form Local Administrations and the latter  provide facilities like   drinking water, toilet , temporary accommodation in tents, special buses and   trains to and from the site , first-aid,  general medical and sanitary services to control spread of diseases like cholera, etc. Managing Crowd at Events and Venues of Mass Gathering ,a 2014 publication of National Disaster Management Authority is replete with details of precautions and provisions for managing crowds.   These only represent the strategy  in crowd management from the ""Supply" side.  

    With a growing population , increased per capita income and improved transport services,  crowds swell in large numbers every year  posing enormous problems for Local authorities to provide these facilities adequately .   Further , there is the unpredictable risk of the crowd getting into a frenzy to rush to the temple, river or the spiritual guru to have darshan, the holy bath or blessings of the Guru. . If there is lack of any of the arrangements, heaven forbid,  the catastrophe of human misery of death and injury of hundreds of people.  Added to these is the problem of law and order when  anti-social elements get into the fray. 

    No matter how adequately or efficiently they are provided , there would always be a gap between what is required and what is provided. Therefore, it is time to address the crowd management problem from "Demand" side. .In a nutshell,  this would comprise policy initiatives to curb the crowd attendance in fairs and festivals. At best,  encouragement  by providing incentives for travel to the sites should be stopped forthwith.as some State governments announced  free  trains and buses to Ayodhya after the Ram Mandir consecration.  Instead,  some additional fare could have been levied to transport the devotees in safety and  comfort.  ..Another option could be to stagger the fairs in two or three segments spread over a month. For instance,  the Shahi Snan (Bath) in Kumbh Mela could be on two days of the   same Shukla/Krishna Paksha   "Thithis" occurring at monthly interval... 

    These ideas  may not be brushed aside even if they ruffle the feathers.in  some sections of the people  A dispassionate  understanding and cooperation of Heads of religious and social groups should dispel any objection if  they realise  the implication of an unrestricted  crowd   the limited resources for  provision of safety and comfort  and the grave risk of damage to life and property if  crowds are not restricted in number..

 

Make Haste Slowly.

 During the course of the recently concluded General Elections, the bureaucrats in the   ministries and departments were tasked to prepare action plans for the first 100 days after the formation of the new government which was said to be a usual practice prior to transition of governments. However, this time over, the outgoing government added that as it was sure of returning to power with a higher majority, these plans would provide continuity of action to fulfil its guarantees in the election rallies.

Contrary to its expectation, a new coalition government under the outgoing BJP Prime Minister has taken over with the support of two major and a few smaller regional parties. This will impact the tempo of continuity of old and new policies because the coalition partners with different priorities and agenda may not necessarily be on the same page as the BJP.

It is here that the caption of this piece and an old adage “Make Haste Slowly” should   come to guide the new government in its functioning.  “Look before leaping and take counsel of experience” are democratic axioms. In the past, there have been   instances of hasty decision and implementation of vital policy like demonetization, pandemic lockout, farm laws, the Agniveer project for induction of jawans in armed forces etc., resulting in untold human and economic suffering of the people. In retrospect, they proved to be hastily conceived plans, not well thought through and with little or no preparation or facilitation of the people to face the impact.   

Some coalition partners have already indicated the need to revisit some schemes like Agniveer and make it more responsive to the needs of people. As per newspaper reports, a Committee of Secretaries is on the job of including some changes. Similarly other areas of contention merit detailed debate and discussion in a free and fair manner. This is nothing unknown in Parliamentary democracy but was somehow not   followed in the recent past.   

Apart from political parties, there have also been groups of retired civil servants, armed forces personnel, judges, eminent industrialists etc who have now and then raised their voices on issues concerning civil rights, public good, governance etc. Due consideration of their accumulated wisdom and experience must be given. This does not in any mitigate the supremacy of Parliament or the Government.