Monday, December 9, 2013
Sunday, December 8, 2013
It’s all about Debit and Credit; is it!
The assistant to the
chief accountant is puzzled. Most of the time when the chief consults some
accounts or is preparing a report and is searching for some answer or something
he pulls out his desk drawer, takes out a worn envelope, removes a yellowing
sheet of paper, reads it, nods his head, looks around the room with renewed
vigor, returns the envelope to the drawer, and then successfully solves the
issue or completes the report. The assistant always wonders: what is written in
that piece of paper that gives answer to most problems!
After a few years it’s
time for the chief to retire and the assistant is considered for filling in his
shoes and hence given a promotion (and a raise). He is happy.
After the old man retires
and leaves the office the new chief accountant goes and occupies the seat. After
sometime he pulls out the drawer and to his wild surprise the greying envelop is
still sitting inside the drawer.
He can’t wait to read for
himself the message contained in the envelope in the drawer, particularly since
he feels so inadequate in replacing the far wiser and more highly esteemed erstwhile
incumbent (the old accountant). Surely, he thinks to himself, it must contain
the great secret to his success, a wondrous treasure of inspiration and
motivation. His fingers tremble anxiously as he removes the mysterious envelope
from the drawer, empties its yellowing sheet of paper and reads.
The yellow sheet contains
only two lines:
"Debits towards the
door”
“Credits toward the window."
“Credits toward the window."
Saturday, December 7, 2013
Wish you all the best!
Dear
friend,
In
a weeks’ time- precisely on 15 December 2013- you will face your CPT exams. It’s
time to consolidate. However, it’s also time you stilled your nerves.
I
wish you all, all the very best and hope you will come out with flying colors.
As
for your confidence I can’t think of signing off with a better poem that the following
from the inimitable Walter D. Wintle (from his “If you think you
can”):
If you think you're outclassed, you are:
You've got to think high to rise.
You've got to be sure of yourself before
You can ever win a prize.
Life's battles don't always go
To the stronger or faster man,
But soon or late the man who wins
Is the one who thinks he can.”
You've got to think high to rise.
You've got to be sure of yourself before
You can ever win a prize.
Life's battles don't always go
To the stronger or faster man,
But soon or late the man who wins
Is the one who thinks he can.”
Saturday, June 2, 2012
what is destiny?
Good morning!
As we are going to talk at length, and at any rate you will
have to endure me over the next many sessions, I will not further exacerbate
the situation by launching a long winding harangue now. I would just touch upon
one issue: silent resignation.
Now, it has almost become a fad to blame the fate- the destiny-
for almost anything and everything.
What is destiny?
I am not going to give my definition. I came across this somewhere and
it is perhaps not attributed to any one: so anonymous. It goes like this:
Sow a thought and reap an action;
Sow an action and you’ll reap a habit;
Sow a habit and you’ll reap a character;
Sow a character and you’ll reap your destiny!
Capacity to contract
What is the capacity of the following to contract in India? How do they differ from each other in that respect:
a) Foreign sovereigns
a) Foreign sovereigns
b) Accredited representatives of a foreign state
c) Diplomatic staff of foreign state?
All the above persons enjoy diplomatic immunity and hence can not be persecuted in Indian courts, in normal circumstances. But please remember they do not suffer from any incapacity- as such; so, if they enter, as per their free will, into a contract in India that would be enforceable. The question is where? They can certainly be tried at an international court but that would put the other party into undue disadvantage. Hence, it is advisable to put a clause, in the contract, where it is explicitly mentioned that the disputes arising, on the basis of the contract, would be tried in an Indian court. If the person accepts such a clause - as per her free will- then subsequently she can not invoke her diplomatic immunity and seek trial elsewhere.
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