Overpowering asuras in and around us

Bijoyadashami is celebrated as a victory of good over evil. On this pious day, we should find the asuras in and around us. One of the biggest evil inside us is Ahankar. The word Ahankar comes from the word "Aham", which means "I".

This sense of my achievement and the notion that I have done this and the ego is the biggest asura inside us. Once we are able to overpower the sense of my achievement and our ego, Lot of problems will go away. It is our ego, which does not allow us to rectify the mistakes, even when we realise them. To cover one mistake, we commit more mistakes and eventually fall into trap. We need to introspect into ourselves and try to rectify it from today. To start with, we can consult our parents, elders or even friends for process of rectifying our mistakes already identified by us. We may find amazing results and even more acceptability from a larger society.

Biggest asura around us is the ignorance and arrogance resulting from it. Ignorant public are more prune to fall prey to rumors and create disturbance in the society. We should ensure that our neighborhood is well aware of the happenings and opportunities available to society at large. Education is one of the ways to fight ignorance. Unless you can read or write, you cannot get the information available in books, newspapers, magazines etc. We must try that basic education of reading, writing and analyzing is available to all in our neighborhood.

Let us take the baby steps on this Bijoya to overpower our ego and spreading education in our society.

Bill Discounting vis-a-vis MSME Act

We have today a MSME Act, where they are entitled to several benefits. It is also required to disclose in company accounts about timely payment to MSMEs.

But in practice, they are the most suffered lot. Rate of interest charged by Banks to MSMEs is usually higher than other borrowers. Even that is hard to come by. In general, MSMEs are not professionally equipped to present the cohesive reports needed by Banks. Moreover, the large corporate sector pay a lip service to the clause of timely payment to this sector. Being dependent upon the business from large business houses, they have no options other than keeping mum.

This anomaly can be solved to a large extent, if the bill discounting is made popular. This requires large corporates honoring their commitments. The banks should consider the outstanding liabilities as debt, while calculating debt-equity ratio as this is also a finance raised by the entity through delayed payment to suppliers.

If MSMEs can get their bills discounted, their working capital needs will be met. This will also banks to better manage their advances as they have committed  receivables in their hand and will not have to depend upon the stock and book-debt statements submitted by the borrowers.

This will help better discipline in the business payments and improve the economy as whole.

Education must for benefiting from Demographic Dividend

India is now at crossroad. We are having number of youths in the world. This means we have large workforce. This is one of the reasons for growing GDP, though our political leaders claim otherwise. GDP growth would have been much higher, if we would have allowed our citizens free hand to choose the areas, they want to excel. 

We have created impediments by putting hurdles by way of differential form of education. We have two standards of education systems at primary level, one Govt.-aided schools with little or no fee and other Private Schools with high fee structure-often out of reach of larger section of the society. Thus it is compulsion for choosing the school. This forces the students mainly from poor background to opt for Govt. Schools. With majority of guardians ill-educated, the quality of education imparted by these institutions is not monitored. This system creates a majority of future citizens as second-class one. 

It is therefore necessary that there should be uniform education for children at primary level. This will provide a level playing field for all till a particular standard. With children of elites going to the same school, the education standards will be monitored, which will help the entire society. This will also help children from different society mingle with each other.

At the secondary level, we may introduce the scholarship to meritorious students, with condition that wards of ministers, Grade I officers in Govt. do not enjoy them. Better educational levels to general public, specially in the rural sector will help migration of skilled workforce out of villages. This will also help their percapita income as there will be smaller population to share the same booty.

Better primary level education will also help the higher education institutions to attract better talent and lead to more professionals.

One of the major reason for poor healthcare infrastructure is shortage of enough qualified medical professionals including support staff like nurses and attendants.

If we do not do it, we are in for serious law and order problem forced by uneducated, unskilled and jobless youth.

 (Class X standard should be considered as primary as this is minimum standard, one is educated).