My pranams to my gurus !

On this auspicious day of Guru Pournima, I would like to thank all my teachers/gurus who made me  a professional. My pranams to all. I tried to recollect my teachers and gurus from my school days.

My first and foremost pranams (obeisance) to my parents. Every father is a hero. For me, he is a hero, a man of words, knowledge and wisdom. He is my first and foremost guru to me. He passed away recently. My teachers/gurus - without any order - please accept my namaskarams and pranams:

1. Kanchi Paramachariyar
2. Bhagavan Ramana Maharishi
3. Seshadri Swamigal
4. Smt. Joseph, [School]
5. Smt.Radha, [School]
6. Smt.Chitra [School]
7. Smt. Jubilee [School]
8. Shri. [Late] D.Subramaniam, Unlce [School] - my Maths guru
9. Shri. B,Radhakrishnan [School]
10. Shri. Parthasarathy Iyengar (Headmaster) [School]
11. Shri. Rajagopalan [School]
12. Shri. Aravazhi (Tamizh) [School]
13. Shri. Marudur S. Rengarajan (Tamizh) [School] 
14. Shri. TK Govindarajan [School]
15. Shri. [Late] KT Govindarajan (Economics & Headmaster) [School]
16. Shri. S Kannan (maths) [School]
17. Shri. Basheer (maths), [School]
18. Shri. Rajamani (maths), [School]
19. Shri. G.Baskar (maths) [School] 
20. Shri. KN Desikachari (Maths)  [School]
21. Shri. M.Hariharan [School]
22. Shri. Sattanathan [School]
23. Shri. K.Thiagarajan (Tamizh) [School]
24. Shri. K Dharmaraj (Accounts) [School] 
25. Shri. S Ramakrishnan (SRK, Economics) [School] 
26. Shri. P.Vijaya Chandran (PVC, Science) [School]
27. Shri. Madhavan (Commerce) [School]
28. Shri. V.P.Krishnamurthy [School]
29. Shri. Krishnamurthy (History & Geography) [School]
30. Shri. Mani (Crafts) [School]
31. Shri. A Vishwanatha Sharma (Sanskrit) [School]
32. Shri. M.P.Shanmugam [School]
33. Shri, Karmegam (Sports - Track and Field) [School]
34. Shri. Radhakrishnan (Sports & NCC-Air wing), [School]
35. Shri. Selvaraj (Sports - Track and Field) [School]
36. Shri. Nammalvar (NCC-Army). [School]
37. Shri. Janakiraman (Navy & English) [School]
38. Shri. Durai Pandian (Accounts), [College]
39. Shri. Kanakasabesan (Stats) [College]
40. Shri. Arun (Tamizh), [College] 
41. Shri, Kayaroganan (Tamizh), [College]
42. Shri. B. Suresh (English), [College]
43. Shri. S,K.Ramakrishnan (Income Tax), [College]
44. Shri. Balagangadharan (Auditing), [College]
45. Shri. Ramasamy (Business Management & Commercial Law), [College]
46. Shri. Sudharshan (Accounts), [College]
47. Shri. S.Jagannathan (Economics) [College] 
48. Shri. Kalyanaraman (Accounts), [College]
49. Shri. M.Sakthivelmurugan (Corporate Law), [College] 
50. Shri. Gopal Muralidhar (Management Accounting).[College]
51. Shri. Sundaresan, my Costing guru. If I am good in costing today, credit goes to him. [CMA]
52. Shri. Sankaranarayanan (Management) [CMA]
53. Shri. Sethuraman, who created the engineer in me [CMA]
54. Shri. Sundaram (Costing). [CMA]
55. Shri. Ramanathan (My principal during Auditing course) [CA]
56. Shri. S Nagarajan (Accounts), [CA]
57. Shri. Ranga Rao (Accounts), [CA]
58. Shri. Murali (Auditing and Company Law..inspiring me to quote relevant sections, when you say something on Company Law) [CA]
59. Shri. Thangapandian (Electricity accounting) [CA]
60. Shri. Sivakumar (Standard Costing), [CA]
61. Shri. LS Sivakumar  (Maths & Stats), [CA]
62. Shri. Venkatasivakumar (Costing). [CA]
63. Shri. T.N.Manohar (Tax) [CA]
64. Shri. PR Vittak (Naths) [CA]
65. Shri. Bhupathi (Tax) [CA]
66. Shri. T.G.Suresh (Income Tax), whom I never knew that he is a professor in my college. [CA]
67. Shri. Ramesh Kumar (Marketing), [IIM, B]
68. Shri. Amit Gupta (Organizational behavior) [IIM, B]
69. Shri. Shyamal Roy - my favorite economics guru [IIM, B]
70. Shri. Ganesh Prabhu, [IIM, B]
71. Shri. NM.Agarwal [IIM, B]
72. Smt. Padmini Srinivasan, [IIM, B]
73. Shri. Ashok Thampy [IIM, B]
74. Smt. Anjana Vivek, [IIM, B]
75. Shri. YLR Murthy (Marketing) [IIM, B]
76. Shri, Krishna Sundar - he taught the supply chain management by a beer game. A tough person in class - cool outside. [IIM, B] 
77. Shri. S. Krishnamoorthy - a CA with lot of wits & humor in his teaching. [IIM, B]
78. Shri. M.S.Narasimhan (MSN- like Microsoft Network - he builds a good network among participants). Always willing to help with a smile - even when he says NO. [IIM, B]
79. Shri. Mahadevan [Management & Spirituality]
80. Shri. K.Gopalakrishnan (KGK) - my Guru in Stock Market, Financial Services [Office]
81. Shri. G.Balasubramanian - learnt a lot of good habit and English too.[Office] 
82. Shri. M.S.Rangesh (MSR) - my Guru in managing/handling people. Great mentor [Office]
83. Shri. W.R.Vasudevan (WRV) - who taught me project management. [Office]
84. Shri. R.Srinivasan (RS) - who taught me corporate finance [Office]
85. Shri. G.Thirugnanasambandam (GTS) - who educated me on agriculture and plants [Office]
86. Shri. J.Subramani (JS) - who taught me the plant bio-tech intricacies [Office]
87. Shri. T.Nataraajan (TN) - A great mentor in Finance and management - who gave me a free hand to manage Finance, Tax, Accounting, MIS. [Office]
88. Shri. S.Raghunandan (Raghu) - I cannot forget his training on presentation skill. [Office]
89. Shri. Peter Sands - the way he analyse performance of a large organization [Office]
90. Shri. Hemant Kulkarni - learnt how to manage a Shared Services Center [Office]
91. Shri. Nipun Bhatia - learnt BCP and leadership skills [Office]
92. Shri. S.Raghavan - learnt a lot about LPG and LNG [Office]
93. Shri. Romi Malhotra - learnt how to be down to earth [Office]
94. Shri. Krishna Kumar - my coach and mentor
95. Shri. Venkatesh Seshadri - my coach and mentor
96. Shri. Shankar Thayumanavan - my mentor and good friend
97. Shri. CVS Krishnakumar - a great friend and taught how to be down to earth
98. Shri. Vijay Dhawan - an inspiration - with his daily positive messages & speed of trust
99. Shri. Marshall Goldsmith - my guru who I follow a lot.
100. Shri. Ken Blanchard - my guru for effective management

I specifically did not mention anyone from my current organization, though there are a lot of them who inspired me and I learnt a lot from them.

To all my friends, from whom I learnt a lot. 

If I missed anyone, it is not intentional. It is due to my aging.

With warm regards.

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72nd Chartered Accountants day

Today, July 1 is the Chartered Accountants Day.  

It is on this day of 1949 the institute came into existence through an Act of Parliament, The Chartered Accountants Act, 1949.

The Institute of Chartered Accountants of India (ICAI) is the second largest professional Accounting & Finance body in the world and third largest professional accounting body in the world in terms of membership.

I take this opportunity to wish all my co-members and prospective members a HAPPY CHARTERED ACCOUNTANTS DAY.

Jai Hind.

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Sovereign Gold Bond (SGB)?

What is Sovereign Gold Bond (SGB)?

SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. 

Some facts about SGB

Issuer	Reserve Bank of India on behalf of Govt of India
Denomination	grams
Who can invest?	Any person, a resident of India (as per FEMA*)  If the person later becomes NRI, can hold till maturity
Can minor invest?	Yes, through guardian
Joint holding ?	Yes
PAN* required?	Yes, it is mandatory
Min investment	1 (one) gram
Max investment (per financial year)	4 (four) kilograms    4 kgs - Individuals (applies to First holder)    4 kgs - Hindu Undivided Family (HUF)  20 kgs - trusts and similar entities
Interest rate	2.5% p.a. (paid semil-annually)
From where to buy?	Banks : Nationalised, Scheduled Private & Foreign  Designated Post Offices,  Stock Holding Corporation of India Ltd. (SHCIL)  Stock exchanges - directly or through their agents
Any discount?	No discount. But if applied digitally, a concession of  Rs.50/gram can be availed.
How is the issue  price fixed?	Simple average of closing price of gold (999 purity)  published by the India Bullion & Jewelers Assn Ltd,  for the last 3 business days of the week preceding  the subscription period.
What is the tenor?	8 years from the date of isse   Early redemption available after 5 years
Transferable?	Can only be transferred to eligible investor   If held in Demat, can be traded in stock exchange
Tax benefits	Interest is taxable   Capital Gains for individual      - on redemption is tax exempted      - indexation benefits for transfer
Redemption price?	Simple average closing price of gold (999 purity)   of previous 3 business days from the date of repayment,  published by the India Bullion & Jewelers Assn Ltd.
Nomination	Nomination is available

* Abbreviations used

PAN : Permanent Account Number

FEMA : Foreign Exchange Management Act

Benefits

1. No need to hold in physical format
2. No cost of storage (Locker)
3. Gold price appreciation. Redemption linked to prevailing market Gold price
4. Interest @ 2.50% p.a.
5. Tax benefits - no capital gains on redemption
6. Backed by Government guarantee
7. Can buy in lots of 1 gram
8. if digitally bought, Rs.50/gm concession available
9. Can be traded, if in demat format.
10. Nomination facility available

See you in next post on whether to invest in SGB or Gold ETF or Gold itself.

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BEWARE : Phishing attack in the name of CoViD19 testing

The Indian government has issued an advisory to citizens warning them against a large scale phishing campaign which impersonate the Indian government and promises free Covid -19 tests and other resources.

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Stock Ideas - Federal Bank (CMP : 50.95)

Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. The Bank is a pioneer among traditional banks in India in the area of using technology to leverage its operations and was among the first banks in India to computerize all its branches.

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China products - Boycott or make in India?

Off late, I see lot of people suddenly raising their voice to boycott Chinese products and social media is bubbling.

India is a vast country with a huge population & consumer base. In a trading world, we see countries import and export. Not every country is self-reliant on their own. There are dependency on each others. Surplus gets exported.

With so many Chinese products flooding the markets, can we avoid them? can we boycott them? What is the right way to deal with this situation?

With Atmanirbhar Bharat (Self reliant India), how can we capitalize this situation?

Most of the countries flourished after they were devastated. Crisis gives an opportunity to come with more innovative and growth oriented activities.

Coming back to the situation in hand, why not look at creating those products in India itself rather than boycotting some other country's products. Why we buy them is that they are less costlier than our own products.

Can't we make them in India at the same cost? These kind of move will create more job opportunities and lot of industries can get us the products that we so far relied on other countries.

In my view, we should make more in India to creae more job opportunities and bring up industries, especially the MSMEs.

What do you all think?

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