Thursday, February 15, 2018

The assessment trouble

Maharashtra does not have the best statistics when it comes to education yet when it comes to assessments the state has refused to accept the parliamentary standing committee's recommendations that there should be assessments in class 5 and 8. Failure to pass the exam will give the student one more chance after two months failing which the student will be retained in the class. The no detention policy has given us more problems than it has solved. The biggest problem is that we do have matriculation passed students who have no inkling what they have been taught in school. And English medium students who cannot even say one proper sentence in English. This is the situation in urban areas.
The committee rightly pointed out that there were abysmally low learning levels in children and there was no motivation for then to learn it for teachers to teach.

National Council of Educational Research and Training (NCERT) had stressed on continuous assessment throughout the year which is a very good recommendation. Rather than assessing a student on one year end exam students can be given multiple exams. The National Commission for Protection of Child Rights supported “the assessment of children in Class 5 and 8” but not their detention. It found the 2 months period for a re-exam a short time for children to build up confidence to reappear for examination. 

Meanwhile Maharashtra board that has been opposing such a move has gone ahead and ordered books over 59 lakhs on PM Modi. Leader of opposition Radhakrishna Vikhe Patil has claimed that the Books Published by Pune-based Bhara-tiya Vichar Saadhana - that has links to the RSS - contains adult and objectionable content. He says the books are inappropriate for children. 

Wednesday, February 14, 2018

PNB Share Price goes down as NIrav Modi accused of fraud

Nirav Modi and PNB Punjab National Bank Fraud seems to be one of those news pieces again. Huh! Okay someone's done something bad. Hmm. These bright guys all corrupt. PNB Share Price is down? let me buy now or hell sell sell. Okay Let's go back to work.

Nirav Modi according to economic times we find that the man was a celebrity. He was another Vijay Mallya if you compare lavish lifestyles. Expensive suits, and cars. Hanging out with celebrities mostly beautiful ones and gifting expensive stuff to them.

Nirav Modi is another Gujrathi Entrepreneur - Diamond Merchant. Hmm Gujrathi's are good at this. He was a diamond supplier whose big break came when he was able to sell a diamond necklace at a Christie's auction for a whopping 3.56 million,

So How is Nirav Modi making PNB Share Price Sink?

Well Nirav Modi has - you guessed it - borrowed from the bank. Around 11,700 crores. That does not look good in the account books at all. PNB complained that Nirav Modi had defrauded the bank of the money.

Why should you be concerned?

You should be concerned only if you are a tax payer. Yes. If you are running around trying to find ways to submit bills and make sure that you tax liability is lowest possible. Yup You. That guy who is bossed around by the HR Accounts guy that your papers are not in order and yes your aadhar card should be linked to everything including your middle finger. This fraud includes your money. Nirav Modi has - thanks to the thorough capabilities of PNB - taken taxpayers money.

Tell me How does that feel while you try hard to make ends meet and save every rupee from tax.