Posted in Belief, Depression, Hope, Human Tendency, Inspiration, Life, Management Lessons, Meditation, Motivation, Personality, Talent

Are you hunting for some motivation?

By any chance are you hunting for some motivation in the outside world? Thinking to get inspired from success stories of other persons? Wandering in search of that very stimulus which will ignite your life? Waiting for someone/something to pull you up from your current downtrodden situation? Seeking for some positive spark in your life? Hoping that one fine day you will get shaken up by the inspirational boosters and eventually your goals will be achieved? If the answer to any of these questions is in affirmative, then, fortunately, you have landed at the right place. In this blog let us try to locate the source of ‘real and everlasting’ motivation.

At the outset, I would like to comfort you by sharing the fact that if you are a motivation seeker then nothing to worry about because you are not sailing all alone in the boat. Indeed we all are hopping in the hunt for motivation, sometimes or the other. And, in fact, we always look outside for that dose of motivation. But did you ever think that is this exercise fruitful or not? Do we really get inspired by the outside world? And most importantly does this outside motivation have an everlasting impact on us or not?

We read inspiring stories, hear motivational audio, view the life changing videos, all in all, we go through every kind of motivational material that is accessible to us. The sole aim behind all this is to get inspired and thereby change our life into yet another success story. However, don’t you think that all this ultimately turns out to be a momentary motivation only? The impact of which lasts only for a few minutes, hours or maybe for a few days, and in reality, it actually fails to motivate us in the long run.

Herewith, let me make it very clear that I am not against any kind of motivational stuff; in fact, they are a great source of learning. However, my whole point is that all these motivational posts, quotes, stories, audio-video, etcetera, are good enough to boost our morale in that very moment or maybe for some more time, but they are not sufficient enough to leave an everlasting impact on our life. Hence, it’s a high time for us to diagnose the impact of outside motivation on our life. And if we find out that we are not getting much of the needed help from these momentary motivations, then we need to question ourselves that what is the alternative available for us to get motivated in the real sense?

Well, the answer to this life changing question is that we need to “Look within for inspiration”. It’s our own life story and it’s comparable to no one else’s life. Everyone has different struggles and a different way of tackling and overcoming them. We need to write our own success story and for that, we have to look within our own self for finding inspiration. There is no argument in the fact that we can take learning’s from other’s life and even get motivated from them. But the hard-core reality is that all these momentary motivations will eventually wipe-off, as soon as, the memory of that motivational thing is overpowered with other important or not-so-important things going on in our life. Hence, it’s only the motivation that emerges from within us, which is going to have an everlasting impact in our life and it is indeed the real motivation.

You may be down, you might have lost all the hopes, you are no more interested in your life, but do remember, that you are the same person who once used to crawl and then “on your own” learned to walk, as well as, run miles and miles. When on your own you can learn how to walk, even at the age when you have no life experiences, then what else could stop you from walking or running in the journey of your life?

Now every time you get disheartened, do remember that you need to get back to your inner-self and remind yourself about all those past incidences of your life in which you stood firmly against all the odds and finally came out as a winner to achieve your goals. And yes, there is no one on earth who has not achieved anything in their life. The achievements could be as small as learning to ride a vehicle, passing an exam, winning or even participating in a game and the list goes on and on. So the excuse that “I don’t have any achievements in my life” is a sheer crap. Hence, there is no point in hiding behind this excuse. So yes, “If you are hunting for some motivation, then do look within for inspiration”. Only then you will get motivated in a ‘real and an everlasting’ sense.

I do hope that now onwards you will find inspiration from within your own self and there will be a lot many success stories to share and learn from. I wish you all a very happy, motivated and a prosperous life.

Be in touch.

God Bless!

Peyush Jain

Posted in Common Man, Democracy, Freedom, Hindustan, India, Republic Day, Unity

Democracy is also “Of the People”

I would like to start this blog by quoting the following paragraph extracted from my other Blog “Democracy is also “By the People”” – As per the dictionary meaning, the word Republic stands for “A political system in which the supreme power lies in a body of citizens who can elect people to represent them”. (Courtesy: Word Web). In simple words, Republic or Democracy is for the people, of the people and by the people. My interpretation of the last statement with regard to democracy is that “For the people” indicates Entitlement, “Of the people” denotes Ownership and “By the people” symbolizes Responsibility.

This Republic day, let’s talk about “Of the People” in a democratic setup and the ownership of the citizens in a democratic nation. Democracy is owned by the ‘awakened’ citizens of a democratic nation. Ownership of democracy is not bestowed by mere attaining the citizenship of a democratic country rather it has to be worked upon by each and every single citizen. If we are not awakened about our ownership rights and are afraid to fight for them, then sorry to say, but we don’t deserve to own anything, forget about democracy.

As an awakened citizen it is our first and foremost duty to protect our freedom and make sure that our democracy is intact. Freedom in all respect and aspect is the basic ingredient of Democracy. Democracy survives on freedom, and hence, if we don’t feel free then we can never own democracy. In spite of the fact that we are born in a free nation, unlike our ancestors who have to fight for the independence of our country, we should realize the importance of freedom and make sure that no one is able to snatch it once again.

No matter what, being an owner of the democracy, we are bound to guard it against all the odds that come its way. There are ill forces all around us which are always in search of an opportunity to snatch away our freedom and dethrone us from our ownership rights. If we are not awake, then slowly and gradually, we will compromise our freedom in the hands of those who have a malicious intention to rule over us.

Do remember that to own something and to maintain that ownership is not an easy task. Ownership brings with it a sense of pride and at the same time accompanies with it a lot of responsibilities. If we are not ready to fulfil our responsibilities, then we should better be ready to turn into a slave. Ownership of anything is extremely precious and it stays only with those who can take due care of it and secure it always.

On this auspicious day of Republic day, being celebrated every year on 26th January, let us all strive together to safeguard our ownership rights at every stage of our life. Let us pledge that if required we would not think twice before sacrificing our life in protection of our freedom and democracy. We should feel proud of being a citizen of the largest democracy in the entire world. As a patriotic citizen, we should always act as a true soldier in our respective fields to safeguard the interest of our nation and contribute towards the growth of Motherland India.

I wish you all a Very Happy Republic Day!

Jai Hind!

Peyush Jain

Posted in Animals, Common Man, Democracy, Equality, Festival, Freedom, Government, Hindustan, Humanist, India, Injustice, Judicial System, Justice, Life, Nature, Politics, Religion, Slogging, Sports, Tradition, Victim, Violence, Worship

Assent to Ordinance on Jallikattu – Opening of a Pandora Box

In yet another suicidal attempt (after demonetisation) the present Central Government has given its assent to the Tamil Naidu state’s ordinance on Jallikattu (a traditional sport involving bull). By passing an ordinance for permitting the celebration of Jallikattu, the Indian Government has opened up a Pandora Box, which is definitely going to increase their trouble in the near future. Just wait and watch while a lot many demonstrations and demands for the passing of such kind of ordinances are on its way, to flood the Central Government from every corner of the country in the near future. God knows who advice Mr. Pradhan Sevak to take such decisions.

In the current scenario, a question does pop up in the minds of many of us that when the Honourable Court has banned an activity and is yet to decide on a serious issue then what was the urgency to pass an ordinance in the matter concerned? Was this move politically motivated or was it taken sheer out of public concern? If at all it was taken after keeping public concern in mind then does this move somewhere exhibits that our politicians think that the Honourable Courts are not bothered about the public sentiments and does not take into account the public concerns before passing any judgement?

Herewith, I would like to raise a very serious concern with regard to the autonomy of the courts. Aren’t ordinances like this nothing but a ‘legalised’ way of contempt of court? Just because there is a right available to bring an ordinance in order to surpass the orders of the courts, is it justifiable to make use of this right in such matters as well? Isn’t it a threat to the very existence of the courts in any country? What is the need of having courts when the government themselves can decide and finalize the case, which is still pending before the court of law? It’s a high time for the courts to take a note of the same and stand for their existence.

The politicians preach us to respect the orders of the Honourable Courts but it seems that when it comes to politics they don’t even think for a second, before going against any kind of court orders. If they actually acted as they preach, then instead of giving their consent on the ordinance, wasn’t it feasible for the “law abiding” politicians to plead in front of the court with their logical points and let this serious issue be decided only by the Honourable Court? If courts can open at odd hours to decide about the hanging of a terrorist then we are in a far better position to be heard and matters with which public sentiments are attached could indeed be decided on a high priority.

I would like to urge that instead of coming up with ideas like banning an organisation which works for the rights of animals, it would be appropriate if we can come up with ideas which would enable us to carry on our traditions, without ‘intentionally’ torturing and harming any of the living beings for our enjoyment. There is always a mid peaceful way to solve such kind of issues, like in the present case it would have been appropriate to conduct the sport without torturing or harming the animals, as well as, applying the utmost safety parameters.

Torturing or causing harm to other living beings, in the name of tradition, could not be allowed at all. If the traditions need to be changed for the betterment of our society then we should indeed be ready for that. Do remember that right to live freely is the fundamental right of every living being and not alone humans. Live and let others live peacefully too.

I wish that the Almighty give good sense to each one of us.

Peyush Jain

Posted in Common Man, Democracy, Hindustan, India, Injustice, Judicial System, Justice, Slogging, System, Victim

Is justice actually achieved in the current judicial system? – Part 4

It’s the time when we all should be feeling proud of our judicial system for being extremely fair and prompt. Indeed it’s a time to praise not only our judicial system but also the entire machinery which is responsible for maintaining law and order in our country. Well as it is said that “Haath kangan ko aarsi kya, Padhey likhey ko farsi kya”(Evidence needs no proof), so the recent judgment in the high-profile illegal arms possession and use case, is a live example of the working style of our investigating agencies, administration, as well as, the judicial system prevalent in the country. Once again we are left with the question that is justice actually achieved in the current judicial system?

In a “short” span of 18 years and 3 months, the accused was set free on account of benefit of the doubt. Herewith, it is very important to know about that very doubt, based on which the accused was benefitted for getting acquitted of all charges in the said case. The reason for doubt as provided by the Honourable Court was that the case was registered under the wrong sections of the Arms Act, 1959. To be specific, as per the Honourable Rajasthan court this case was pertaining to section 21(1) of the Arms Act, 1959 i.e. possession and use of arms with “expired” license. However, the “efficient” law enforcing agencies and administration associated with this case got it registered under section 3/25 and 3/27 of the Arms Act, 1959, which relates to “illegal” possession and use of arms. Hence, the accused was acquitted, since no charges could be proved against him under those specific sections, in the said case [Reference: Dainik Bhaskar, Hindi Daily Newspaper].

It is interesting to note here that, in the past as well, in many of the cases, the same benefit of the doubt has come to the rescue of those accused. However, this question is still open that was it an intentional wrong registration of case or did such a blunder happened due to the so-called manual mistake? Keeping aside whether it was an intentional mistake or a manual mistake, can we really claim that justice is actually achieved in all such cases? If those who were accused of such charges were in reality dragged into such cases just because they were famous then who is responsible for the defamation of their reputation, as well as, the mental and physical trauma that they have gone through during all these years? On the other hand, if the accused were actually involved in such cases then is it justifiable to set them free simply because the cases were registered in the wrong section of the law?

In the present case who is responsible for the loss of those 18 years? Will the judiciary reply to this question that why it took them more than 18 years to point out the mistake of registration of the case under the wrong section? Who is going to direct for investigation and punishment against all those who were responsible for not registering this case under the applicable section of law? Just because a case was registered in a wrong section of law does it mean that no crime has taken place? If a crime has taken place and still no one is held guilty then is justice actually been achieved in that particular case?

It is a high time for all of us to figure out that what should be the actual role of a judiciary. Are judiciary’s formed just to pronounce verdicts in the case, as per the evidence presented in front of them? Isn’t it the first and foremost duty of the judiciary to make sure that justice is achieved in each and every single case? If yes, then why can’t the Honourable Courts direct the responsible person to reopen the present case and register it in the applicable sections and re-file it after conducting a proper investigation? Why an enquiry can’t be set up in such cases against all those who fail to perform their duty diligently, in absence of which, Justice couldn’t be achieved? Is it too much to ask for?

But who are we to ask such questions to the judiciary? We are supposed to respect judiciary in whatever form it is. Opposing the orders of Honourable Court tantamount to contempt of court, so even if we see any flaws, we are not supposed to point fingers towards it. As such, all those who were responsible for investigating, registering and presenting the case in a proper manner get away with their responsibilities just like that. Justice is getting killed every now and then, in front of us and what are we doing? Just sitting cross-handed and witnessing it as a silent audience, that’s all. In reality, now also, nothing is going to happen. Most of us (including me) will forget this case in a few days and those who are actually responsible for injustice will be happily spending their life in great comforts. After all who cares for justice right?

Be in touch. God Bless you all!

Peyush Jain

 

Posted in Banks, Black Money, CCTV, Common Man, Corruption, Democracy, Financial Institutions, Financial Risk, Frauds, Hindustan, India, Investigation Agencies, Management Lessons, RBI, Slogging, System, Terrorism, Terrorist, Victim, Whistle Blower

Frauds in Banks Post Demonetisation of High Indian Currency Note – Insight on the grey areas

Banks in India have the image of one of the most regulated institutions, with stringent controls in place. The common man places a lot of trust in the banking system and that is the very reason why the masses feel extremely secured in storing their valuables in the bank lockers and safe. However, the current series of fraudulent events that took place in some of the renowned banks during the period of 50 days, post announcement of demonetisation on the eve of 8th November 2016, shook the entire nation and it further raises doubts about the functioning of financial institutions and their control framework.

Although, it’s a known fact that none of the security systems could be foolproof, but at the same time, what matters is that how quickly an organisation is able to detect the occurrence of any unsolicited event in its system and fix the loopholes “at the origin itself”, before the situation turns into an uncontrollable monster. Now, this is the grey area which I want to highlight in this blog.

Post demonetisation step was taken by the Government of India, a lot many cases of alleged involvement of bank staff in illegal conversion of old notes of Rs. 500 and Rs. 1000 have been unearthed by the Income Tax Department and the Enforcement Directorate, and the hunt is still going on. Surprisingly, most of these cases which involved a huge sum of money have been detected by the outside agencies namely Income Tax Department/Enforcement Directorate and not by the Bank themselves. This indeed is an alarming situation for any organisation and should be an eye-opener, especially for their Management. It indicates that there are certain areas which demand utmost seriousness and urgency. It’s a high time for the management to investigate into the core reasons which led to such lapses in their respective organisation.

There are a lot of questions that need to be answered. What went wrong? What lured the “educated staff” of banks towards getting involved in money laundering cases on such a large-scale? Why banks could not identify the happening of such frauds at the inception stage itself? Above all, the most important question to be asked is that, was it actually possible to curtail such fraudulent events or not? Although, enquiries in all such cases are being conducted by both the bank management, as well as, the external agencies, but any such enquiry would not lead to a conclusive end till a root-cause analysis of such events is done and the learnings are imbibed in the working style of the organisation, in order to, reduce the chances of occurrence of any such events in the future.

Herewith, let me make it very clear that these learnings are not restricted to the financial institutions alone, rather every business house and professional need to take learning’s from such events and thereby take steps to tighten up the controls in their respective organisation in order to minimize the chances of occurrence of such events in future.

Other than the commonly identified reasons like flaws in controls, the absence of proper checking mechanism, malicious intentions of the person’s involved, etcetera there are always some basic reasons or lapses which do not get accounted in the routine investigations. It is interesting to note here that the main reasons/lapses behind happening of any kind of unsolicited events like frauds, accidents, attacks, etcetera are usually very basic in nature, which obviously we tend to ignore in the long run and that eventually results in a bigger loss. Similarly, in the current frauds, there are two major lapses which the financial institutions somewhere ignored or maybe took them too casually, which subsequently resulted in heavy monetary losses, as well as, loss of their brand image. The two major lapses are –

Installation of CCTV Cameras – “Fear of being watched” is the very first step towards curbing the increasing crimes. The graph of crimes falls drastically if people with malicious intentions have a fear that they are being watched. So, any risk prone organisations like financial institutions should be under tight surveillance. Hence, the mechanism like installation of Close-Circuit Television Cameras (CCTV Cameras) in every financial institution (irrespective of the size, location or business it handles) should be the top most priority of its Management, as well as, the Reserve Bank of India (RBI). Gadgets like CCTV serves as a third eye of the management, by which they can keep a watch on the activities going at the remote places, especially in a war like situations as demonetisation when the flow of cash is too much.

On the contrary, as per the information available on The Reserve Bank of India (RBI) website and The Banking Codes and Standards Board of India (BCSBI) website, it seems as if neither the RBI nor the financial institutions find the installation of CCTV Cameras much effective in comparison to the ‘COST’ involved. The below-mentioned details speak for itself.

As per the RBI Circular RPCD.CO.RRB.BC.No.98/03.05.28/2008-09, dated April 21, 2009, named “Security Arrangement in bank branches – Regional Rural Banks” under the sub-heading Currency Chest Branches it is mentioned that “Modern electronic security gadgets viz. CCTV, alarm system, sensors, electronic locks, hot lines, auto-dialers etc. may be installed at all major bank branches holding large amount of cash”. (Reference: RBI website https://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=4939). Similarly, another RBI circular RBI/2013-14/602 DCM (CC) No.G-20/03.39.01/2013-14, dated May 23, 2014, named CCTV Coverage of all cash handling operations in Currency Chests mentions that CCTVs surveillance should also cover all cash operations in the vaults/strong rooms and other cash handling areas to identify any mischief/irregularity (Reference: RBI website https://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=4939).

The above two circulars reflects that RBI has advised/instructed the banks to install modern electronic security gadgets only at the major bank branches holding large amount of cash or CCTV coverage of all cash handling operations in Currency Chests i.e. those selected branches of scheduled banks which are authorised by the RBI to facilitate distribution of notes and coins. Hence, the guidelines of RBI itself don’t make it mandatory to install CCTV in all the branches of banks.

Further, as per the details available on the website of BCSBI – The Chairman, BCSBI and members of the Governing Council held a conference of Principal Code Compliance Officers and faculty of member banks in Mumbai on February 12, 2011. Wherein, one of the issues raised by member banks, as mentioned against Serial No. 23, is that “As per para 9.1 of Code, banks need to install CCTV for close surveillance as part of security arrangements. This may not be required at Rural and smaller towns”. Against which the BCSBI clarification is that “It is for the banks to assess the security environment of their offices and determine their need to install CCTV for surveillance”. (Reference: BCSBI website http://www.bcsbi.org.in/MB_PrincipalCodes_12Feb2011.html)

So, the stand of banks, in installing CCTV for surveillance, is reflected in the above-mentioned representation, wherein they have very clearly demarcated the need for installation of CCTV cameras based on “location of bank branches”. Thus, the bank management is also of the view that the cost involved in the installation of CCTV cameras in all the branches, far exceeds the benefits it will fetch. However, let me make it very clear that this doesn’t mean that these so-called rural or small town branches are less prone to cash related risks.

Hence, from the above-mentioned discussion, it is very much clear that neither the RBI nor the banks, consider it necessary to install CCTV cameras in all the bank branches, simply because of precedence to Cost over Security. So, in this way, the governing body i.e. RBI, as well as, the bank management unintentionally gave a free hand to the culprits by ignoring the very first step of curbing crimes i.e. Fear of Being Watched.

Implementation of Whistle Blower Policy – If any organisation is not able to detect the occurrence of any fraudulent event in their system “on its own” then it’s a matter of serious concern for that organisation. It calls for some immediate actions to be taken by the organisation like enhancing the security features, strengthening the monitoring and control procedures and, at the same time, evaluating the Whistle Blower Policy of the organisation. Non-detection of fraudulent events somehow indicates that either there is no Whistle Blower Policy in the organisation or else it is not being implemented in the right spirit.

To understand the role of a properly implemented Whistle Blower Policy, in simple terms, let us take the example of the current frauds that happened in any of the bank branches. Now, do you think that all the person’s working in that specific bank branch, including the off-role staff, was involved in that fraud? Was the entire branch corrupt? Is it possible that no one else other than the fraudster knew that there was something fishy going on in the branch? Was there no honest person in the branch? If you think that there is even a slight possibility of the presence of an honest person in that branch, who had some clue about anything illegal going on in the branch then that person could have been the Whistle Blower for the bank.

In the present case, the Whistle Blower would have helped the bank in identifying the fraud at its nascent stage and in turn would have saved the bank from incurring huge losses. However, it works only when an organisation realizes the importance of having a Whistle Blower Policy that is clearly documented, communicated and implemented in the right spirit. Only then any organisation could think of detecting and fixing the loopholes “at the origin itself” and thereby stop any unsolicited situation from turning into an uncontrollable monster.

Since most of the current fraud cases were detected by an outside agency and not the banks themselves, so now the ball is in the bank’s court to analyse and decide whether the Whistle Blower Policy (if at all) is properly implemented in their organisation or not. Do note that there is a vast difference in having a documented process, just for the sake of complying with the rules and regulations, vis-à-vis having a process implemented in the right spirit.

As per my view, if the culprits had the “Fear of Being Watched” and there was a properly implemented Whistle Blower Policy then the situation would have been much different from the present one. At least the banks would have been in a far better position to detect such frauds at the inception stage. And, indeed the early identification of some fraud cases would have curtailed such fraudulent events from growing into such large numbers.

I would like to conclude this blog with the hope that each one of us takes learning from these incidences and strengthen the controls at our workplace so that such events don’t occur in future. At the same time, I also hope that we do have proper communication channels, where a Whistle Blower’s voice is heard and acted upon by the authorized persons with utmost secrecy. Let us all strive together to make our organisations a secure place with stringent controls all around.

God Bless you all!

Be in touch.

Peyush Jain