Friday, March 20, 2015


                                                                                       - MILAN K SINHA
assertivenessCommitting mistakes or even blunder is not abnormal in human life. It's not unusual to realize the same and then repent for the wrongdoings either. It also happens many a times that we take a lesson from the whole thing and also take a firm resolve not to repeat the same mistake again in future, to finally move forward in the course of life's journey with a positive note. 

In this way, some of us do try to follow the best principles governing the life of all better people including the great men across the globe. 

Nevertheless, if we look around to observe what majority of us are actually doing in this respect, it is found to our dismay that committing mistakes and repenting thereafter goes on parallel track again and again despite a firm resolve at times and in spite of undergoing some punishments too.

It is found that this group of people are found to follow predominantly either of these two behaviour patterns in their day to day life - i) Submissive and ii) Aggressive. 

These set of people either do not know when to speak, what to speak or when it is far better to simply keep shut. Usually, they keep on speaking without thinking. They either fail to take a firm stand or do take a stand but fail to present their point of view logically and calmly on any issue. This is visibly reflected in their interaction and working style almost everywhere including the place where they are working.   

Interestingly, both submissive and aggressive persons are opposite in nature and normally suffer from inferiority and superiority complex respectively which lead them to have fatal diseases like blood pressure, hypertension, diabetes, kidney problems, to name a few.

Persons having submissive behaviour pattern are of 'Yes Sir' kind. They are ready to say 'yes sir' to their bosses for any good or bad thing, no matter they might spend sleepless nights afterwards or pay a heavy price for this afterwards. 

On the other hand, aggressive persons always try to dictate their terms and behave in 'Hiring-Firing' mode. Obviously, this set of people dislike persons who are straight forward, analytical, unbiased and objective. By natural choice, they like submissive people the most and hence keep themselves surrounded by such yes-men.

To say the least, these two sets of people commit mistakes after mistakes, and then repent at times. Notwithstanding, they try to put the blame conveniently on their subordinates and on circumstantial problems. But, truth being otherwise, keeps on chasing them to ultimately result in self-created disproportionate stress and related health issues.  

So, in order to ensure a normal happy life, it is desirable to be assertive instead of being submissive or aggressive in one’s behaviour as being assertive is nothing but being communicative, confident, mature, frank, balanced, decisive, empathetic, objective, competent, humorous, relaxed and logical. And undoubtedly, all these positive traits in one's personality do guarantee a better living in any situation anywhere across the world. 

Before signing off tonight, let us enjoy what Sharon Anthony Bower says in these lines: The basic difference between being assertive and being aggressive is how our words and behaviour affect the rights and well-being of others.

As always, I am keen to know what you think on this subject. Hence, request you to post Comments to share your views and experiences.  

             Will meet again with Open MindAll The Best.

# Published in Patna Daily

Monday, January 26, 2015


                                                                    - MILAN K SINHA

We know the eternal truth: "Only Change is Permanent in Life." It being so, we have been noticing and also experiencing changes - socially, economically, technologically, culturally..... Undeniably, the pace of change in the life of Indians too has been rather faster, more so after the famous LPG effect.

What’s LPG? It’s not the commonly known ‘Liquid Petroleum Gas’ or cooking gas but ‘Liberalization, Privatization & Globalization’.

If we see around, we find affluence of few and misery of majority. Talking about the haves, the life of even this group of people is devoid of a feeling of wellness, despite having materialistic security to a reasonable extent. Why? Nobody can dispute this fact that  old but fundamentally sound Indian value system  has been undergoing gradual erosion, giving way to modern and ostentatious fast lifestyle. This has been the trend in other developing as well as developed countries.

Believe me, it is a serious issue not only for all HR managers and wellness consultants across the world but also for housewives and students.

Now, the question is how to live a happy life with or without all constraints- known and unknown both. Yes, my belief theory says, where there is a problem, there is a solution too. As such, as a practicing Stress Management, Lifestyle Management & Wellness Consultant, my earnest endeavour here is to enumerate below few Wellness Points which in turn reiterate/ reemphasize  the  Basic Facts of Life and also suggest broad Activity Points to Ponder and Practice on a Daily Basis.

Facts of Life
Activity Points
You Are a Unique Individual
Love Yourself in both Prosperity & Adversity
You Are a Potential High Performer
Do the Right Thing Passionately Right Away
Life is Very Beautiful
Enjoy Life. Don't Blame Others for Your Mistakes
Health is Wealth
Exercise and Meditate. Eat Healthy & Sleep Well
Activity & Productivity are Co-related
Have Positive Thoughts & Engagements
Excellence is a Journey
Plan & Execute Well to Improve on Daily Basis
Only Change is Permanent
Smile and Embrace the Change Wholeheartedly
Past is History and Future is Mystery
Live in the Present - It’s God’s Present to You
Togetherness is Happiness
Have Lots of Good Friends to Spend Quality Time
Family and Friends are Precious
Have Blessings of Elders & Best Wishes of Friends
Laughter is the Best Medicine
Try to Live with Nature and Enjoy its Music

Hope, you would benefit immensely, if you practice it consciously and regularly. 

As always, I'm keen to know what you think on this subject. Hence, request you to post comments to share your views and experiences.

Friday, October 24, 2014


                                                - MILAN K SINHA
State Bank of IndiaFollowing the arrest of SK Jain, the then CMD of state run Syndicate Bank on alleged bribery charges and his subsequent dismissal, the selection and appointment of CMDs for Public Sector Banks has been kept in abeyance for some time now. It is also reported that CBI didn’t find the appointment process to be transparent and sent a report to that effect to the finance ministry for consideration. Consequent to this development, presently as many as six PSU Banks are functioning without a CMD (Chairman and Managing Director).

How the govt. chooses PSU bank CEOs is undoubtedly a very important issue. However, it has really been an irony that selection of CMDs in Govt. owned banks is done in a seemingly non-transparent and at times in ad hoc manner without any professional and well laid down approach as if these are purely political appointments based on whims and fancies of political masters and some bureaucrats in the concerned ministry. This almost gets vindicated if one looks at the professional competence and domain knowledge of interviewers. Do the members really qualify technically and professionally to be on the panel of such a vital selection committee?

Undeniably, it’s a common pre-requisite for any dynamic organisation to have a defined succession plan, if not feasible for all segments of staff, but at least for top management including CMDs. Further, there must be a minimum tenure of 3 years for CMDs to know, understand and effect some value addition to the continuing process of action plan and also contribute towards change management keeping in view the growth road map of any PSU Bank in today’s extremely dynamic financial market. But then, why even these important issues were not addressed?

It is a pity but a sordid fact that the questions being asked to the interviewees for selection to the apex positions are more or less the same and similar as being generally asked in PO's (Probationary Officer) or in departmental scale promotions which clearly reflects Govt's lack of professional commitment towards taking care of quality in selection even for such vital positions necessary for ensuring a sound and vibrant PSU banking in the country.

The outcome of this kind of selection process is vividly noticeable in all aspects of functioning of PSU Banks, which everyone knows, are not maintaining good health and hence require regular support from the govt. including infusion of capital in order to comply with the international norms of capital adequacy etc.

Failure to have a transparent and well laid down policy in this regard is definitely have wide ramification on all aspects of business, both top line as well as bottom line. If an expert panel goes a bit deep into the problems PSU Banks have been facing over a few decades now, whether it pertains to liability or asset management, NPA or HR management, Risk or Fund management, it can well be observed that the top management and the boards have failed to address even the important issues proactively and professionally to keep the show going and live up to the minimum expectations of the millions of stakeholders - the customers.

There is no denying the fact that PSU Banks have immense potential and opportunities too to excel in all areas of banking operations provided meritocracy gets precedence over mediocrity in days to come. It is hoped that the appointment process to fill the vacancies would be expedited by the finance ministry with professionally sound and visible improvement in the whole selection process, may be based on the recommendations of Nayak Committee or otherwise.

As always, I am keen to know what you think on this subject. Hence, request you to post Comments to share your views and experiences.  

             Will meet again with Open MindAll The Best.

# Published in Patna on 22nd Oct'14

Wednesday, September 10, 2014


                                                                                                      -MILAN K SINHA

Rural IndiaAs per newspaper reports, TCS (Tata Consultancy Services), India’s well-known exporter of software services is going to support the Prime Minister’s ‘Clean India’ initiative by pledging a sum of 1000 million rupees for construction of separate toilets for girl students across thousands of schools in the country.

It is notable that the Indian PM had in his Independence Day speech said, “I want to start one work from today. There should be a toilet in all the schools of our country. A separate toilet for is only then our girls will not have to quit schools. I appeal to the corporate sector of our country that whatever money you are spending under the Corporate Social Responsibility, give priority to building toilets in schools."

Undoubtedly, by fulfilling its role under CSR, India Inc can make a lot of difference in the quality of life of millions of fellow Indians. The areas can be any and many in a country like India where majority of population is leading an unworthy human life due to lack of proper nutrition, sanitation, education, health care, employment, to name a few.

Millions of young people have acquired degrees by spending lots of money and time but there are serious issues of their employability. On the other side, it is quite unfortunate and equally disgraceful that more than a quarter of country's population is still illiterate and even elementary education is not available to the eligible students despite RTE Act, 2009.

It is a well-known fact that the poor and BPL (Below Poverty line) families which comprises 40% of country’s population i.e., nearly 500 million people, have very little option but to use unclean and unsafe water. As such, various water-borne diseases affect them badly resulting in large number of deaths every year.

So far the basic problems which rural masses are facing day in and day out are concerned, these can be comprehended and appreciated only by first hand observation. India has more than six lakh villages with majority population still living there and earning their livelihood in and around those villages.

Despite billions of rupees being earmarked year after year in the budgets of Central and State Govt. for the welfare of the poor and downtrodden in the country, little change is noticeable as far as improvement in quality of life of these targeted groups is concerned. Unquestionably, the major reason is the lack of proper resource management. To say, it’s an open fact that only a meagre portion of government’s budgetary allocation reaches the targeted beneficiaries whereas major part of it is wasted, misutilised or misappropriated by the vested interest, mostly operating right within the system. It can be hoped that India Inc. is capable of and committed for ensuring proper resource management under CSR to make the difference visible and abundantly defining.

It is heartening to note that Corporations like Wipro, Thermax, Tata Group, Godrej, Bharti, Ambuja etc. have taken up some of these social issues and already made a commendable beginning. Many other corporations need to engage themselves in socio-economic activities hugely in their own way within the CSR provisions to register perceptible change in improving the life of millions of disadvantaged countrymen in near future.

As always, I am keen to know what you think on this subject. Hence, request you to post Comments to share your views and experiences.  

             Will meet again with Open MindAll The Best.

Saturday, August 2, 2014


                                                        - MILAN K SINHA
banking1The talk of some consolidation in Indian Banking space, particularly among government-run banks has been taking rounds for the last couple of years. The then Union Finance Minister and our present President in his first meeting with the chief executives of Public Sector Banks (PSB) after taking charge (just after the 26/11 Mumbai attacks) as the finance minister had said, "consolidation of Banks might be needed to improve the global competitiveness of Indian banks and to reduce the risk to financial stability. Any consolidation initiative in the banking sector would be viewed positively and government, as a majority shareholder, would continue to play a supportive role in the process”. 

The next incumbent and the preceding finance minister also put forth his opinion on the subject very candidly by saying, "we should not fear consolidation. Yes, it would be a good idea if the initiatives for consolidation among a few PSU banks emanate from the management of such banks themselves (after discussing the issue in-house thoroughly) with Government playing a supportive role as the common stakeholder.'' 

In fact, even proposals were reported to be submitted to the ministry for examining the feasibility and final approval of the government by a few bigger banks for merger of smaller banks having geographical and technological compatibility in a bid to have ten large sized banks in the country instead of twenty six at present. Two associate banks – State Bank of Saurashtra and State Bank of Indore, in State Bank group did merge with SBI in the intervening period. 

Industry watchers were hoping that the new government at the Centre would take the matter forward which actually came true when the present FM said in Lok Sabha during his maiden budget speech that the government agreed in principle on the need for consolidation of state owned banks. This was followed by the statement of Financial Services Secretary G. S. Sandhu wherein he said that several public sector banks had approached the finance ministry with proposals for consolidation.

Keeping in view the BASEL III requirements of capital Adequacy, the fast pace of soaring NPA, the unnecessary competition among the banks involving avoidable expenditure, the urgent need for greater and better financial inclusion, the expected growth in credit needs of corporate and infrastructure sector to sustain average 7-8% growth in GDP and such other reasons, the consolidation in Indian banking space looks imminent. 

However, two major factors namely requirement of substantial capital by almost all PSBs and ever increasing level of stressed assets commonly known as Bad Loans or Non- Performing Assets (NPA) necessitated early consolidation of banks which naturally demand certain elaboration. 

As spelt out in 2014-15 budget, the public sector banks which account for 70% of the assets that Indian Banks show in their books, will need huge capital infusion of Rs.2.4 trillion (two lakh forty thousand crore) by 2018 to comply with  BASEL III international regulatory norms. But the government doesn’t have this large sum to salvage the situation in view of the weak fiscal position. Hence, by embarking on a different approach to tackle this problem, the finance minister proposed that the government would reduce its stake in PSBs to 51% and allow PSBs to raise capital through sale of shares to retail investors by approaching the capital market. In nutshell, the government will continue to hold majority stake in PSBs without arranging capital through budgetary mechanism. 

NPA of country’s forty odd listed banks touched the alarming level at Rs.2.42 trillion in the quarter ended March, 2014 - about 36% higher than what it was a year ago. If the mammoth figure of Rs.6 trillion of restructured assets in the system is added for fair assessment of the bad loan position, the total amount of stressed asset would touch an astounding figure of Rs.8.42 trillion or to say, 14% of total bank loans. This has great impact on earnings, NIM and provisions besides bad image and reputation in international financial market.

Now, in order to mobilise and meet its own capital requirement from the open market, these PSBs will be forced to keep them sound and healthy by improving their overall functioning which includes far better management of the quality of their huge assets.

The Trade and Industry Associations have been in favour of such initiatives for consolidation to have at least few banks far bigger than SBI to qualify to be globally competitive. Understandably, the trade unions of the banks would be making hue and cry against such proposals, but they also know the basic ground reality and hence would be finally ready to accept the writing on the wall.

It is hoped that the actual process is started at the earliest by asking SBI, the big brother in the banking sector of the country, to effect merger of remaining five associate banks. Similarly, to start with one or two big and healthy PSB can be asked to take the lead in this direction so as to have at least two-three far bigger and healthier state run banks including SBI by the end of this fiscal.

As always, I am keen to know what you think on this subject. Hence, request you to post Comments to share your views and experiences.  

             Will meet again with Open MindAll The Best.

# Published in Patna Daily 

Tuesday, July 15, 2014


                                                                      -Milan K Sinha
Tree And Rainbow Stock PhotoGeneral Budget 2014-15 was presented by the Finance Minister of NDA government at the Centre about five months after the Interim Budget for this fiscal was presented in parliament by Finance Minister of UPA-II government. It’s now an open fact that the Indian economy has been in poor shape for last two-three years due to plethora of known and unknown reasons. The GDP was lower, the inflation was high and so was the rate of unemployment. The fiscal deficit and current account deficit, though looking to be within the targeted level in 2013-14, was actually managed by resorting to accounting tactics for covering up ballooning subsidy bill by rolling over fuel subsidy worth thousands of crore from last fiscal to the current  fiscal, while remaining silent on the roll-over figures for food and fertilizer subsidies on the one hand  and  by containing  the quantum of gold import through imposition of additional customs duty on the other hand.

Notwithstanding the bad economic legacy that the new union  government inherited, the maiden budget presented by Arun Jaitley is undoubtedly an attempt, may not be seen as very bold,  to correct, improve and balance the position - by announcing several measures to control inflation, spur growth in all sectors to boost GDP indices and to create reasonable number of  job opportunities, offer certain tax exemption, effect fiscal consolidation and finally to create investor friendly business climate in the country.

The reaction by political parties for or against the budget proposals is going to be on expected lines based on their political ideology and compulsions for cogent reasons. Broadly speaking without any political bias from the point of view of a common man which includes millions of people from lower middle class, there are certain relief in terms of tax exemptions and also making provisions of funds for agriculture and rural development in general. There are many new initiatives to address the grey areas which have been  greatly impacting the lives of poor and disadvantaged section of society. In fact, next few months will be interesting to watch the real ground level impact of different budget proposals.

All said and done, the bigger question still remains unanswered, at least for now. And that is the perennial 15 paise versus 85 paise syndrome. Ironically, government after government accepts this to be the greatest malady as far as governance is concerned; the widening gap between rich and poor is concerned; the white and black economy in this welfare state named India is concerned, to list a few. 

But then, who will reverse the trend and how long it will take to make this happen against the backdrop of all big talks by all those who have been claiming to be the champion of espousing the cause and concern of common Indians for decades together? 

Believe me, if only this can be ensured and 85 paise of every rupee that government allocates in the budget starts reaching the targeted beneficiaries instead of meager 15 paise out of a rupee presently, there would be great qualitative as well as quantitative improvement not only in all sectors of economy but also in the lives of every Indian. After all, it is tax payers’ hard earned money, which nobody is entitled to waste, misutilise or misappropriate. 

To say in few words, instead of making much hue and cry for more and more resources by every government, be it in Centre or in States, if resource management is taken care of on highest priority with utmost sincerity in a truly professional manner, far better inclusive growth model can be sustained year after year. And then better days will not be really far off for none of us.

As always, I am keen to know what you think on this subject. Hence, request you to post Comments to share your views and experiences.  

              Will meet again with Open MindAll The Best.
# Published in Weekly Magazine,'Indian Currents' on 14.07.2014 

Monday, May 26, 2014


                               -MILAN K SINHA

modi-victoryFew hours from now, the new government at the centre led by Narendra Modi of Bharatiya Janata Party (BJP) is going to take oath of office with an unprecedented initiative on the external front- inviting the head of states of SAARC countries. Undoubtedly, this will have far reaching impact on internal policy formulation in days ahead by this non-congress government.

The massive mandate, cutting across all sections of society which BJP alone received in 2014 general election has raised the hope and aspirations of every common man to a new high - not without reason as even Narendra Modi made them believe all through his election campaign that  good days are coming ( Achche Din Aanewaale Hain).

We know and appreciate the gigantic task of nation building ahead for the new government for well-known reasons - inflation, corruption, low GDP growth etc. and hence there is bound to be intense pressure to perform within shortest possible time, but certain core issues need to be addressed on highest priority by the new government to instil the trust and confidence among millions of poor and disadvantaged section of our society throughout the length and breadth of this vast country.

Naturally, the following points of serious concern must find place in top agenda:
1. The Malady of Starvation Deaths
Every day more than 7000 people die of hunger in India.
India is topping the list of countries in World Hunger Chart.
More than 30% of the world's hungry population lives in India.
Over 200 million people sleep hungry every night.

2. Problem of Drinking Water
Out of the 6.38 lakh revenue villages in India, more than 30% have water problems.
21% of communicable diseases in India are related to unsafe water.
73% of respondents of a question as to what truly make them proud of being an Indian said, "It is availability of safe drinking water to every Indian."

3. Literacy/Education Problem
Our literacy percentage is only 74%; Kerala being the highest with 94% and Bihar being the lowest with 63%. 
School dropout percentage is still more than 40%. 
The drop out percentage is even worse than that of Bangladesh and Vietnam - countries that got independence more than two decades later. 
We spend less than 2% of our national budget on education for the children who constitute 25% of our total population. 
The dropout percentage is higher among tribal, economically weaker sections of society etc.

4. Sanitation/Open Defecation Problem 
53% Indian population lack sanitation facilities, where as it is only 7% in case of Bangladesh and Brazil. 
India is termed as the world's capital of open defecation.
More than 60% of households in Uttarakhand, Orissa, Bihar, Chhattisgarh, Madhya Pradesh, Jharkhand and Rajasthan are without toilets. 
Only 28,000 Gram Panchayats (GPs) are declared as "Nirmal Gram" under TSC program out of 2.4 lakh GPs in the country.

5. Health & Nutrition Problem
Can we think of a strong India without healthy and strong citizens, present and future? 
Healthy Indians = Healthy & Strong India.
Child nutrition and their overall health need extra care in India as one in every three malnourished children in the world live in India; 8.8 lakh children die every year, more than 100 deaths per hour in India; the IMR (Infant Mortality Rate) in many states is still more than 50 per thousand for children up to the age of 5 years where as it should be at least below 30 per thousand; about 50% of all childhood deaths are attributed to malnutrition; 26% of the world's childhood vaccine preventable deaths take place in the country; Anaemia affects 74% of children under the age of three; as high as 44% children under five years are underweight; malnutrition in early childhood has serious long term consequences because it impedes development of vital life organs.

There are, no doubt many more pressing problems before the country which demand serious attention of power that be at all levels, but to start with the issues enumerated above would definitely give the right signal to common people at large that this government is really doing well rather than talking well. And we all know, well begun is half done. 

Finally, lots of best wishes to the new central government of the largest democratic country of the world from a common Indian.

               Will meet again with Open MindAll The Best.