Posted in Banks, Black Money, Common Man, Consumer, Democracy, Financial Institutions, Financial Risk, Government, Hindustan, India, Management Lessons, Politics, RBI, Slogging, System, Victim

Are Financial Institutions considerate enough for moving towards Cash-Less Economy?

Cash-Less Economy results in enormous benefits to the economy, as well as, to the Financial Institutions, and do note that these benefits are not only restricted in monetary terms but rather extend to the managerial and procedural aspect, as well. So, there is no second thought that the Financial Institutions are definitely going to reap long-term benefits flowing from Cash-Less Economy. However, the big question is that are the Financial Institutions considerate enough to help our economy move towards Cash-Less zone or not? Let us discuss this alarming issue in this blog.

When the Government of India (GOI) realized that the Demonetisation step taken at their end would not fetch the expected results, then they very smartly twisted the motive behind demonetisation itself and started pitching it as a step towards Cash-Less Economy. However, regardless of the differences in opinion about the demonetisation step or the reason behind it, one thing could not be denied that moving towards Cash-Less Economy is a good step and it has more of positive sides then the negative sides.

For India, this step towards Cash-Less Economy is a paradigm shift as our economy, as of now, is majorly a cash-dependent economy. If our country seriously wants to reach anywhere near to Cash-Less Economy, then the Finance Sector has to play a critical role in this GOI’s initiative. In fact, the Finance Sector has to be one of the major contributors for this dream to come true. Hence, the Reserve Bank of India (RBI), along with the Financial Institutions has to make a proper framework and gear up for this upside-down situation.

Few months have passed since the first talk about moving towards Cash-Less Economy started in our country. Since then some radical changes have been brought by the GOI, RBI and the Financial Institutions with the very objective of controlling the cash transactions and persuading people to shift towards card and digital payment mode. Now, let us see if the steps taken till date, by the GOI, RBI and the Financial Institutions are actually intended to ‘help’ our country move towards Cash-Less Economy or not.

Some of the key measures adopted by the GOI in this regard are the introduction of Digital Payment App called Bharat Interface for Money (BHIM), providing subsidy (incentive) on digital/card transactions as against cash transactions, levying of penalty of an amount equal to the amount of cash transaction which is over and above Rs. 2,00,000/-, etcetera.

All these measures adopted by the GOI clearly portray the seriousness of the GOI in moving towards Cash-Less Economy. Further, two important motives are reflected from these measures i.e. restriction on cash transactions and “incentivizing” the digital/card transactions. So in my personal view, the GOI has passed the test of “considerate enough” for moving towards Cash-Less Economy.

Now, let us talk about the key measures adopted by the RBI and Financial Institutions in this matter. Herewith, I would like to quote the following lines extracted from my other Blog “Moving towards Cash-Less economy – Was it the right time to take this step?” – “In order to meet the political ambition, the RBI and Banks started working towards the Cash-Less economy. Various guidelines are being issued on a timely basis restricting the number of cash transactions, imposing charges on withdrawal of cash exceeding a specified limit or number of transactions, as well as, imposing penalties on non-maintenance of minimum balance in the saving accounts, etcetera”.

Anyone who goes through the above-mentioned measures “with plane eyes”, will find that all these measures adopted by the RBI and Financial Institutions are an effort towards restricting the usage and flow of cash in our economy. But there is a twist in here. The Financial Institutions have introduced a lot of charges with regard to cash transactions that somewhere it makes me think that whether their motive is only to earn revenue from this opportunity or what?

Mind it, this is not a baseless thought because anyone who compares the measures adopted by the GOI against those introduced by the Financial Institutions can very well vouch that there is a vast difference in their approach. As a general practice, whenever any drastic changes are required to be promoted or implemented in any field, then some incentives are offered to the users so that they get motivated to opt for that change. However, the story is different when it comes to Financial Institution’s approach in this matter.

On one hand, the GOI is providing subsidy (incentive) on digital/card transactions to promote cashless transactions, while on the other hand, the Financial Institutions didn’t even care to reduce their charges on online transactions to such an extent that at least their charges doesn’t exceed the subsidy (incentive) provided by the GOI, so that the customer doesn’t end up paying more amount for any transactions via online mode as compared to the cash payment for similar transactions.

Herewith, I would like to justify my point with the following example – If you book a Liquefied Petroleum Gas (LPG) cylinder via online mode then you will end up paying an amount of more than Rs. 1/- per transaction, as against the payment made in cash and that too when the GOI is providing a subsidy of an amount of Rs. 5/- per transaction. So forget about incentivizing the customers, the Financial Institutions are de-motivating them because the common man wouldn’t like to pay the extra amount on any transaction done via digital/card mode especially at the time when we are still in a nascent stage of digital payment era for the masses.

From the above discussion, it seems that at the time when the Government of India (GOI) is pitching hard towards Cash-Less economy, the Financial Institutions does not seem considerate enough for moving towards Cash-Less Economy rather they are busy filling their pockets by introducing a number of new charges/penalties. Further, this approach of the Financial Institutions is somehow negating the incentives that the GOI is providing to the masses for moving towards Cash-Less Economy.

I do hope that the GOI and RBI take note of this alarming issue and further take necessary steps in this regard so that the Cash-Less Economy does not remain a dream forever. I wish that the Financial Institutions take this opportunity to build a solid framework towards the much-needed destination of our time i.e. Cash-Less Economy and in turn, this process will definitely grant them enough benefits to reap from.

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

Stay in touch.

God bless you all!

Peyush Jain

Posted in Common Man, Consumer, Democracy, Doctor, Government, Health, Hindustan, Human Tendency, India, Management Lessons, Patient, Politics, Security, Slogging, Strike, System, Victim, Violence

Strike a day keeps the Doctor away

It’s said that “An apple a day keeps the Doctor away” but it seems that in the present scenario a new proverb best suits in i.e. “Strike a day keeps the Doctor away”. To testify this, you just need to look around and you will realize that every now and then, there is news about some violent act between doctors and relatives of the patients in some part of the country. The end result of all such violent acts is that the doctors go on a strike when their basic demand for safety is not being heard by the responsible authorities and every time the common man is left to suffer in absence of the availability of doctors in hospitals for treatment.

After all such incidences the doctors unanimously complaints that they are being abused and assaulted by the relatives of the patients, while, on the contrary, the relatives of the patients accuses the doctors of their careless approach in treating the patients. This tension is building up since long and in the recent time, it has taken a more violent form. Now, we as a society have to decide whether we intend to continue with this sore relationship between the doctors and the patients and be a dumb spectator or else do we aim to bring an end to all this by implementing some drastic measures? So let us try to discuss this serious issue in this blog and find out the ultimate solution to this problem.

Doctors are not God but they are the one who cures us and saves our life. I have never seen God, but I am sure if the Almighty is present then two of the most important activities of their Key Results Area (KRA) would be to cure us of all the ailments and save our life. Hence, it would not be wrong on my part to say that “Even though Doctors are not God, but their act is Godly”. Now, with this serious responsibility of Godly Act, accompanies a lot of expectations “from and towards” a Doctor.

In a doctor’s profession, there is no room for any kind of mistakes. Hence, we can just imagine how cautious doctors need to be while dealing with each and every single patient of theirs. Ever tried to visualize that what will be our anxiety level if we have to work in our respective professions, with such thoughts running at the back of our mind 24X7? Don’t you think that most of us will panic or try to run away from such situation? But the doctor’s can’t afford to and neither do so, they are right there fighting with their anxieties and fatigue day in, day out.

Yet, doctors are not machines, they are indeed humans and chances of “unintentional mistakes” are always likely to happen. Many a time, unlike others, doctors don’t even get a second chance to rectify their unintentional mistakes. The doctors are in fact always walking on burning embers. In spite of all these hardships faced at their end what they get in return? Mind it; herewith I am only talking about the honest and committed doctors. Isn’t it expected from each one of us to at least show some courtesy and give them the much-deserved respect? Is it too much to ask for? Forget about showing respect, some of us don’t even think twice before pointing the finger towards the honest and committed doctors as well? Is this the way a civilized society should behave?

Obviously, one can very well counter that it is their duty and the doctors are being paid for their job and that they are not doing any kind of social service. But trust me, to be an honest and committed doctor it takes more than simply performing the set KRAs. Most of the time these doctors have to go out-of-the-way and undertake tasks which are over and above the so-called KRAs. Now, what inspires them to do so? Believe me, it has nothing to do with earning money but the very thought of helping the patients to recover and get well soon ignites the soul of these honest and committed doctors.

Having said all the above things, we still can’t discard the presence of corrupt and careless doctors in our system altogether. And for that matter, there are corrupt and careless professionals in every field. But this doesn’t mean that we have the right to abuse or assault any doctor when we are not satisfied with their work. Whatever may be the circumstances, no one has the right to take law in their hand. Instead, if we have any complaint against any person then we should register the same with the designated authority, rather than be opting for violent means to let our voice heard.

However, time and again, we hear and witness incidences where either the doctors are being abused and assaulted for not performing their duties diligently or else the patient’s relatives complain about being ill-treated/careless approach by/of the doctors. Now a very valid question strike our mind that should this be the way to treat someone whom we consider next to God, and, at the same time, is such behaviour expected from highly educated professionals like doctors?

The reality is that fault is at both the ends. On one hand, we as a society are responsible for not condemning such violent behaviour of the relatives of the patients or for not standing against the mob that is abusing and assaulting the doctors. On the other hand, the few corrupt and careless doctors are actually bringing disgrace on the name of the entire medical fraternity and it is because of them, that at times, even the innocent doctors are being accused and assaulted for something which they were not involved in or for something that was not in their hands. Similarly, many times, it is seen that just because of the careless approach of some of the doctors, patients have to suffer a lot and also there are cases reported where the patients have even lost their life due to this careless behaviour of the doctors.

So what is the resort available for the innocent doctors against such violent acts? Normally in response to such assaults, the doctors often go on strike when their demand to provide adequate security at the workplace is not heard by the responsible authorities, as well as, the government. But is strike the only mean to get their demands heard and met? And the big question is that are strikes justifiable at all, more importantly in fields like medical which affects the life of living beings?

Similarly, who should the patient and their relatives look upon, when a corrupt or careless doctor doesn’t perform their duty diligently? Often, it is seen that the pain-stressed relatives of patients who are expecting immediate response lose their temper because no one is available to attend the patient or answer their queries and eventually the situation gets out of control.

Before we dig into any kind of solution to solve this issue, one thing should be made extremely clear that irrespective of the circumstances, no one has the right to take law in their hand, be it the doctors or be it the patients and their relatives. But does it mean that we are helpless and could not devise a system which keeps mobs out of the workplace and, at the same time, ensures that all those who are responsible performs their duty diligently?

It’s a high time we need a onetime solution to control such chaotic situation occurring every now and then on the hospital premises. If we are not able to control it now, then this situation is definitely going to aggravate in the near future and in turn, it’s surely going to widen the gap between the doctors and the patients and thereby resulting in a sour relationship. All this is ultimately going to affect the treatment of the patients.

Solution – As a layman, what I think is that to control all such issues a mechanism should be developed which results in a win-win situation for both the parties. I suggest the following measures for controlling such unwanted chaotic situation at a place like a hospital, which should be peaceful all the times –

  1. First of all, surveillance and security should be mandatorily available at each hospital premises, without fail. This will help the doctors in treating the patients without being scared of getting abused or assaulted by anyone. This will further ensure that the situation remains under control all the time and in case anyone tries to take law in their hand then such persons are identified with ease and are punished for their acts. This will not only control the situation but also help in creating a “fear of being watched” in the minds of all those who even think of taking law in their hand.
  1. Secondly, a system should be in place which keeps the track of every single activity from the time a patient arrives in the hospital premises i.e. enters the hospital. Do note that this tracking should start once the patient arrives in the hospital i.e. even before the admission of the patient. This will automatically help in resolving some of the major issues raised by the patients and their relatives i.e. the patient was not attended on time or the doctors were not available or were careless in their approach towards treating the patient.

These are very basic solutions and wouldn’t take much time to implement. The only thing that is required is the right intention and willingness on the part of the responsible authorities to resolve this chronic issue. Sooner the better they realize the importance of resolving this issue and take right decisions in this regard. Do note that without bringing some drastic changes in the system this tension is not going to ease up, rather it is going to aggravate with each passing day. So it is my earnest request to the responsible authorities that in the larger interest of the medical fraternity, as well as, the common men they should take the desired steps at the earliest.

I hope that the responsible authorities take this issue very seriously and also take actions to ensure that no such situation occurs in the future. I urge everyone to behave in a civilized manner and never take law in their hands. If you think that someone has deliberately caused harm to you or to someone else then you should register your complaint on the right platform with the designated authority, rather than getting into violence mode. At the same time, I would like to request every doctor that please perform your duty with utmost dedication and keep up the good work you all are known for. Let the doctors do their Godly Act in a peaceful condition and let the society be benefitted from the honest and committed doctors in the right way.

God Bless you all!

Stay in touch.

Peyush Jain

Posted in Belief, Equality, Human Tendency, Inspiration, Life, Motivation, Past, Personality, Slogging, Survivor, Talent, Victim

Stop playing the Victim Card – Will you?

If you want to achieve something remarkable in life than work really hard towards it and simply let your work speak. The world should recognize you by your work and nothing else. Let your work be evaluated solely based on your performance rather than your unfortunate past. You may have been a victim of any of the circumstances that you encountered during the journey of your life, but don’t ever try to cash on your past or for that reason let anyone else take advantage of the same.

Nowadays, if we look around, then we will realize that present marketing world likes to cash a lot on the victim card. Just watch any of the reality shows being telecast on Television/Internet and you will come to know that how the victim card is being overly used in the marketing world. And this is not only restricted to the reel world, but the real world is equally infected with such kind of publicity tactics, wherein someone’s unfortunate past is used as a means to publicize their work.

I do agree that in spite of being a victim, you came out as a winner or a survivor. And for that reason, your life is definitely a motivation for millions of us and indeed we do respect your courage and attitude. But still, it doesn’t mean that your work should always have a layer of your unfortunate past, for it to get noticed. Your personality and your good work are enough a reason for the world to recognize your talent. So just stop playing the victim card, every now and then.

On the one hand, you don’t want the sympathies of others, while, on the other hand, when it comes to marketing your work, you don’t even hesitate for a second before playing your victim card. Isn’t this a sheer case of double standards? Isn’t all such acts equivalent to cheap publicity? If you believe that you have worked really hard then do note that you certainly don’t need such emotional marketing strategies to grab the attention of others.

Do mind that true professionals will never let anything else supersede their work. Did you ever see a successful person talking about their difficult past, about their struggles or about the unfortunate events of their life, every time before showcasing their work or their talent? No, they don’t talk about all such things before walking out in the playground; rather they just let their bat hit the home run. But yes, they do talk about all these things in their autobiography, in motivational speeches or when they are asked about it. And that is how it should be like.

I do hope that henceforth we will maintain our dignity and not play the victim card just for seeking attention. I mean most of us in order to achieve something in our life have to pass all the tests that life throws towards us. So everyone deserves their work to be treated and evaluated at par, rather than someone getting a biased decision based on their emotional appeals. Let the good work win the race.

I wish that the Almighty give enough strength to each one of us for overcoming all the odds in our life and grant us with good sense. Do take a very good care of yourself and stay safe always.

Be in touch.

God Bless you all!

Peyush Jain

Posted in Common Man, Consumer, Democracy, Government, Hindustan, India, Indian Railway, Injustice, Justice, Politics, Slogging, System

Indian Railway’s new rule with regard to Cancellation Charges on Waitlisted Tickets – What could be more illogical than this? – Part 2

I would like to start this blog by quoting the following paragraph extracted from the first part of this Blog – “As a layman, I could not find any single logic behind introducing the cancellation charges on a waitlisted ticket. As per my view, this is a sheer case of robbing our pockets by introducing some illogical rule. The already overburdened common man is slapped with another “heavy and baseless charge”. Hence, I would like to take this opportunity to request the learned and respected Railway minister to throw some light on the logic behind introducing this charge. I hope the Indian Railways either comes up with a logical justification in this matter or else take back this illogical charge”.

Post writing the first part of this blog, I did approach Mr. Railway Minister on his e-mail id and requested him to clarify the logic behind coming up with such a weird charge. However, it seems as if the Minister who is super active on social networking platforms like Twitter, doesn’t care to respond to his e-mails. Maybe a common man’s plea on an “official platform” is not worth to waste their precious time. Or is it, that if any complaints are publically expressed then these tech savvy ministers have no other option left but to respond to it so that their efficiency of working comes in public notice? Well, the fact is that I am still awaiting the reply from the Honourable Railway Minister.

Now the motive behind writing the second part of this blog was not to talk about my e-mail to the Railway Minister. Also, I have tried to present the detailed information about the cancellation charges on waitlisted tickets in the first part of this blog itself. However, after reading the news published, on dated 18th March 2017, in Dainik Bhaskar, the Daily Hindi Newspaper, with regard to Railway Board’s preparation for some changes in the Passenger Reservation System (PRS) with effect from 01st July 2017, I am keen to write the second part of this blog. Who knows, maybe the responsible authorities wakes up and take note of this valid point while amending the current rules? So it’s an attempt to once again raise my voice in the matter concerned.

One of the points quoted in the above-mentioned news is that the Railway Board is preparing to refund 50% amount on cancellation of the Tatkal Tickets and accordingly the required changes shall be incorporated in the PRS. So it is clear that the railway board is thinking about refunding the amount on cancellation of Tatkal Tickets. However, I fail to understand that why didn’t they consider taking back the illogical cancellation charges on waitlisted tickets? Is it because the revenue generated from the cancellation charges on waitlisted tickets is too lucrative to get away with it, even if there is no logic behind introducing it at the first place? Obviously, the number of cancelled waitlisted tickets in Indian Railways is always going to be higher than the number of cancelled Tatkal Tickets, so wouldn’t it be foolish to even think of parting with such extra income? Who cares for logic when the generation of revenue is concerned, right?

Mr. Suresh Prabhu (Railway Minister) once again it’s my earnest request to you that please enlighten the common man with the logic behind levying cancellation charges on waitlisted tickets. And, if by any chance, you could not come up with any sound logic behind this intelligent move of yours then it’s my humble request to you that please take back waitlisted cancellation charges with immediate effect. I hope you will act as per your name Mr. Prabhu and bring relief to the masses.

Peyush Jain

Posted in Belief, Happiness, Hope, Inspiration, Life, Management Lessons, Motivation, Personality, Talent

Identify your “Real Talent” and pursue it – Period

What’s your real talent? By “real talent”, I mean the one thing which you are passionate about, the one thing which gives meaning to your very existence and the one thing which you enjoy doing, irrespective of any kind of monetary or other benefits attached to it. If you think that you can do justice to this one thing “with your whole heart”, then that is where your real talent lies.

So now tell me what your real talent is. Hello, no need to look around. Yes, I am asking you and only you. Speak up, I am waiting. Oh yes, you guessed it right, I am stubborn and not going to leave you, till I get an answer from you. Do you think you can escape from me? Just to enlighten you – I am a ghost. I will haunt you wherever you go (Ahem! Yes, everywhere). I am sure, now you realize it that you are left with no other option but to speak your mind out. Alas! You have landed at a wrong place and without fail you will have to reveal about your talent. So just start, I am all eyes and ears…

Wait, what did you just murmur? Are you confused about your talent? Oh come on; now don’t be sad, there is nothing to worry about. We will work as a team and try to figure out what you are best at. Sounds good, right? So are you ready for the challenge? If yes, then let us start a new journey towards an unexplored destination. Gear up, wear your thinking cap on, tighten your seat belt and with a peaceful mind, step on the accelerator. This is definitely going to be a life changing expedition.

At the start, let me make it very clear that most of us are not fortunate enough to know our talent “just like that”. The majority of the normal human beings have to dig deep inside their own self to find out their real talent. And mind it, that’s not an easy task. It needs a high degree of patience and self-awareness. So make sure that you take this task with utmost seriousness and dedication, in order to achieve your goal i.e. identifying your real talent or the very purpose of your life.

Being aware, “in and out” about yourself, places you in the best position to locate your hidden talent. On the contrary, other’s can simply guide you or help you to identify your potentials. But ultimately it’s you and only you who have to identify your real talent and work towards it because no one else knows you better, then you do. Similarly, this blog will serve as a helping hand in understanding the process of how to identify your talent, which you can further pursue and hone it. But like anything else, this will also help only when you seriously work towards it.

Do remember that it’s your life and you have to take charge of all the decisions that affects you. If you hesitate to do it right now, you are surely going to regret it later on. And trust me in the later phase of your life regretting won’t help much. So it’s my earnest request to each one of you that before it’s too late, “Identify your real talent and pursue it – Period”.

Now as soon as you start thinking in this direction, the first and obvious question that hits your mind is that how to identify that very activity which you are best at or in other words the real talent of yours? This question could very well be answered by applying the technique of identifying your real talent. This technique is divided into three simple steps –

  1. In the first step, you need to engage your mind in figuring out the various activities which you seriously think you are good at. You should jot down each and every single activity which you could think of. Even if you think that something is too weird, you should still not hesitate in writing it down. It is interesting to note here that once your mind starts working on it, there is a very high probability of you getting the below-mentioned thoughts –

a) You have no idea about any of your talents.

b) You think that you are not talented in any of the fields.

c) You are aware of your talent.

If you got any of the above three thoughts, then it’s a good sign because you have started thinking in the right direction. Now, it’s just a matter of channelizing your thoughts towards a fruitful objective. Do note that this first step was simply meant to shuffle your brain cells. And as soon as your brain cells get activated and you start getting these thoughts, you are ready to move into the second step of this technique.

  1. In the second step, you need to analyse your thought that occurred in the first step and then find the answer to it. In order to do that you should know the right approach in the respective three circumstances. The different approaches are –

a) No idea about any of your talents – You don’t know what’s your talent is? Well, trust me there is absolutely no problem in that because most of us start with this thought only. The only remedy available is to keep digging more and more inside your own self, till you are successful in identifying it. There is no other way out. As clearly mentioned in the above paragraphs that it’s only you who could identify your real talents, so go for it. What you are waiting for? Start doing it right now. List down all the things that you think you are talented in. And mind it talent has no barriers. One person could be talented in more than one thing. So don’t restrict yourself to any kind of boundaries. Just write down every possible thing that you think you are good at. Herewith, do note that there is a high possibility that what you think is a talent of yours, may just turn out to be one of your hobbies or likings. So you have to make sure that the talent that you identify duly fits in the definition of the “real talent” as mentioned at the start of this blog. And mind it, till the time you are successful in locating your “Real Talent”, you don’t have an option to stop. Keep going, no matter however long it may take you to identify that. And only when you are able to identify your real talent, you are ready to move on the third and final stage of this technique.

b) Not talented in any of the fields – Do you think that you are not talented in any of the fields? Trust me this thought is nothing but sheer crap. Do note that each one of us is talented in something or the other and it’s just a matter of time when we actually realize our talent. Hence, this thought is merely a negative force to pull you down from achieving your ultimate goal in life. It’s like the same situation which you encountered in the past, wherein you were working towards achieving something in your life and a negative thought that “You can’t achieve it” keeps hitting your mind, every now and then. The fact is that in all such situations you have to overcome this thought with self-confidence by countering it with a positive thought that “You are going to achieve it no matter what comes across”. Now the same approach is required to be applied for getting over the negative thought that “You are not talented in any of the fields”. You got to simply bypass this thought by reminding yourself, time and again, that “Everyone is talented and so are you”. When you have settled your mind with this positive thought, you will have to once again start thinking about your real talent as per the process mentioned in point number a) above.

c) Aware of your talent – Hurray! It’s great news that you are aware of your talent. Congratulations for this life changing realization. You might be fortunate enough to know your talent on the first go, without much effort. Or it may so happen that at the start of this process you have no idea about your talent or you might be thinking that you are not talented in any of the fields, but without fail the final outcome of the second step has to be the awareness of one’s talent. Do note that till you are aware of your real talent you can’t proceed towards the third and the final stage of this process. Once you are able to identify your talent, it’s the right time for you to move forward with confidence, towards the third and last step of this technique.

  1. The last and final step is actually not about identifying your real talent because you have already done that in the first two steps of this technique. Hence, the third step is all about pursuing your real talent. This step is an extremely important part of this technique because it will be an insult to your talent if you do nothing about it, even after identifying it. Do keep it in mind that only identifying your talent doesn’t matter, rather pursuing it is very important. And till you pursue your real talent and work towards honing your talent it will be of no use. At the same time, just because you are talented in something doesn’t mean you are best in it. You will not do justice to your talent till you practice it day in, day out and master the same. Hence, you have to “Identify your real talent and pursue it – Period”.

At last, I would like to mention that all of us need to step out of our comfort zone. We can’t just sit peacefully and waste our talent by feeling helpless. Life is not a rose bed and taking risk is a part and parcel of life. Each one of us came with a purpose in life and it’s only after we identify our real talent that we could actually progress towards achieving it. Above all, we have to identify and pursue our talent so that we can contribute our little bit for the benefit of our society, as well as, the entire world.

I hope this blog will help you to identify your real talents and you will definitely pursue it. I wish you all the very best and would definitely like to know about your real talents and your progress in pursuing it. Do remember that you have a bigger purpose in life and there is no other option available but to achieve it. Go for it guys…

God bless you all!

Stay in touch.

Peyush Jain

Posted in Feminist, Fun, Humour, Men, Relationship, Sarcasm, Sarcastic, Slogging, Woman

Happy International Omen’s Day…Oops, Happy International Women’s Day – Part 2

To all those who are confused that why I am referring it as an Omen’s Day instead of Women’s Day. I would just like to say that I am not going to apprise you on the same and hence to know the secret behind it, you all need to go through the first part of this blog i.e. Happy International Omen’s Day…Oops, Happy International Women’s Day. In that blog, the proceedings of the entire case are published, which justifies that why it is an International Omen’s Day too. (And yes, you can very well consider this act of mine as a self-promotion exercise of my other blog to get more views *winks*).

Whoops, at the outset, I apologize for being late in wishing all the females out there “A Very Happy International Omen’s Day…Oops, Happy International Women’s Day”. Please accept my apologies and trust me there is no fault of mine in this unintentional delay. As a yearly ritual, once again on the eve of 8th March, I was shaken up from my sound sleep just to remind me that today is the International Women’s day.

Okay, I agree to the fact that the tons of messages overflowing from every corner in the virtual world hardly let us forget anything these days. But tell me frankly for getting enlightened, one needs to first login into the virtual world, right? And here I am, a lazy soul who most of the times don’t even like to login into the real world. I am sure now you can imagine my situation very well. So, now you only decide that shouldn’t I be getting the benefit of the doubt and hence forgiven?

Now keeping all the crap aside, let me take this opportunity to ask one simple question to all the ladies from Venus (Don’t you know that all the females come from Venus?) that when each and every single day is entirely yours, what is the need for having one single day know as Women’s Day dedicated to you all. I mean you should emphasise on celebrating Women’s Day, the entire year, 365 days, 24*7 hours. Just to have only one single day dedicated to you is so unfair. It is actually against Women’s Rights. Let’s join together and raise our voice against this serious issue of violating your birthright (As if we male have an option not to join in anything that you stand for).

Trust me just a single day dedicated to you lovely souls is nothing else but an insult. Isn’t it equivalent to a Prime Minister showing his consent to fight a Ward Election? Okay, I realise that it’s an irrelevant example and above all nowadays, the Prime Ministers can fight for Ward Elections too, if it helps them in pitching some more Jumlas. Phew! I am drifting from the core serious issue. Okay, I am back on track, but you please don’t counter it by saying that when love should be celebrated every single day then what is the point of having a day dedicated to love known as Valentine’s Day. You know it right, that we males can never win any argument with you smart souls, so just ignore such intelligent thoughts (*joins my hands*).

Okay, I realise that I have bugged you a lot with all the nonsense crap, which I am expert in. So before you kick me out, let me make my move and vanish. Once again, I wish all the women a Very Happy International Women’s Day! Thanks for being there and making this world a beautiful place to live in. Life without you is unimaginable. Keep obliging us with your presence in our life. Do take a good care of yourself, keep smiling, be happy and stay fit and fine always.

God bless you all! Stay in touch.

Peyush Jain

Posted in Banks, Black Money, Common Man, Consumer, Democracy, Financial Institutions, Financial Risk, Government, Hindustan, India, Management Lessons, Politics, RBI, Slogging, System, Victim

Moving towards the Cash-Less economy – Was it the right time to take this step?

In real terms, the demonetisation step was not able to meet the expected outcome and hence, in order to save their neck, the politicians diverted the talks towards Cash-Less or in their own terms Less-Cash economy. Actually, Cash-less or Less-Cash are one and the same thing the ultimate motive of which is to phase-out cash from any economy. However, considering our current state of the economy which is majorly cash-dependent, the politicians has to refer it as Less-Cash economy, so that it sounds soothing to the ears of a common man and does not result in resistance or chaos in the market.

Indeed there is no harm in moving towards the Cash-Less economy and it has more of positive sides then the negative sides. But herewith, what went wrong is once again “the timing of this step taken”. The common man was already hit hard by the demonetisation monster, wherein the unavailability of cash mercilessly broke the backbone of the common man. On top of this, the ongoing steps taken by the Reserve Bank of India (RBI), as well as, Banks with regard to the Cash-Less economy are not helping in any way; rather it is aggravating the sufferings of the overburdened common man.

In order to meet the political ambition, the RBI and Banks started working towards the Cash-Less economy. Various guidelines are being issued on a timely basis restricting the number of cash transactions, imposing charges on withdrawal of cash exceeding a specified limit or number of transactions, as well as, imposing penalties on non-maintenance of minimum balance in the saving accounts, etcetera. However, RBI and the Banking Sector should have first examined the nerve of the country before opting for such measures, rather than working blindly on the orders of the politicians.

Anyone who attempts to sense the pulse of the common man will surely understand that post-demonetisation step taken by the Government of India (GOI) people are hesitant to keep their hard-earned money with the banks. There is surely a loss of trust among the common men and the two major reasons for this trust loss are –

  1. Firstly the “Trial and Error” methodology adopted by the GOI and RBI during those 50 days of demonetisation.
  2. Secondly, people were unable to withdraw “their own money” even within the prescribed limit set by the GOI and RBI.

This is the ground reality which can be vouched by anyone with a sane mind, but the prerequisite is that they need to step out from their air-conditioned offices and keep themselves grounded. In such a situation, the first and foremost thing that was required to be done “on priority” by the RBI, as well as, the banking sector as a whole, was to build the trust once again among the masses. However, they acted exactly in the opposite manner and started imposing a lot of restrictions on cash transactions. At the time when comfort was needed, what the common man got was a load of restrictions on their head.

Now, it’s for the Management and the Think Tank of RBI and Banks to evaluate and decide whether this was the right time to pitch the measures of the Cash-Less economy or not, especially in the light of sufferings of the common man. Mind it the availability of cash is not adequate still in the rural and interior areas. And here the country has to face restrictions on cash transactions. Wouldn’t it have been prudent if the Cash-Less economy was taken as an altogether new project “at an appropriate time” instead of a residual measure to save the neck of a few people? Do they have an answer to this question? I guess ‘No’.

Now, I would like to end this blog with the very hope that may the trust of common man always remain intact in our financial sector, especially the banks because they are one of the important pillars of any economy. I do wish that the respected and trusted organisations of our country always have the freedom to work with a free spirit, keeping in mind the larger interest of the society as a whole.

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

God bless you all!

 

Peyush Jain