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Fundraising Spree on for Indian Banks

Profitability and NPA are the two extremes that need to be balanced for banks. Since a long Indian banking sector is on a continuous fight to draw a balance between them. Recently the Central Bank decided to take control over NPAs with a huge capital infusion into the banking sector. But the outbreak of COVID-19 derailed all efforts and the problems of NPAs have been resurfaced and touched the new height which seems to be very difficult for the Indian economy to stand with.

Stress in the Banking Sector

The Indian banking sector is reeling under stress for a long time. Indian banks have been tested over the past few years after the RBI forced them to review their assets under strict criteria that eventually resulted a surge in bad loans. To add their woes, borrowings have also slowed due to lockdown. These stresses are more apparent in state-run banks than in the private sector.

Reason for Stress

According to a few economists, the primary cause of this situation that has slammed all banks are the fall of IL&FS in October 2018 and the ongoing pandemic. India is expected to fall into a recession this fiscal year due to COVID, which has affected over 2.6 million people and caused 70000+ death in the country. It is the most discussed and worrisome topic in the Indian economical circle that there are chances of getting caught in the recession since 1979.

According to RBI, the ratio of non-performing assets total advances could soar to over 12.5% by March 2021 from 8.5% as of end-March this year, prompting the country’s central bank to push banks to raise capital, which now totals over 1 trillion rupees ($13.4billion). Additionally, the Financial Stability Report (FSR), noted the NPA ratio could jump as a high level as 14.7% in the event of severe stress.

Fundraising a Way out

RBI Governor advised all banks to improve their governance and sharpen risk management skills. Banks need to raise capital on an anticipatory basis instead of waiting for an adverse situation. It is necessary for both public and private sector banks to build up adequate capital buffers.

As a result, financial institutions are on a fundraising spree via debt instruments and equity offerings. The latest bank to join the fundraising spree is Axis bank which on said had raised 100 billion rupees by issuing shares to Qualified Institutional Buyers for INR 420.10. Other financial institutions, mortgage lenders, HDFC also closed a deal to raise INR 140 billion via various instruments. At the same time, the largest private bank of India, ICICI bank also wishes to raise INR 150 billion. Later State Bank of India, India’s largest lender also joined the league and announced to raise INR 250 billion to maintain its capital requirement. Not only banks but similar signals are also been sensed from Non-Banking Financial Companies which might have to raise money. In total, it is approximately $13 billion could raise to tackle the NPA challenge.

Governance

At present, Indian banks are in dyeing need for reforms. The Bank exposure to stressed sectors, loan-loss cover, and pre-provision earnings determine the urgency of their capital requirements, which is more pronounced for state banks. Recently 5 members committee has been formed by RBI under the Chairmanship of former CEO of ICICI bank, Mr. KV Kamath. This committee makes recommendations on the required parameters to be factored into the resolution plans. A resolution to the problem of the corporate debtor insolvency and its consequent inability to pay off debts. The committee will submit its recommendation to the RBI. The central bank will then notify the same along with modification including the restructuring of loans if any in 30 days.

Support from Government

Over the last five years until March 2020, India had pumped around 3 trillion rupees into banks to remain capital requirements. In the future, we may expect more infusion of cash from the government eventually to support the banks and consequently to save the economy.

 

Aditya Verma

PGDM 2020-22

IILM, Greater Noida

Dr. Kumar Saurabh

Asst. Prof-Finance

IILM Graduate School of Management, Greater Noida

What is Toxic Empathy and How to Emotionally Protect Yourself?

What is Toxic Empathy?

Toxic empathy is when a person over-identifies with someone emotions, feelings and takes them on as their own personal. Although, if the other individual’s anxiety and stress keep you from your current tasks and responsibilities, it is called toxic empathy.

Toxic empathy is when you do not just replicate and reflect another person’s emotions or feelings, you also experience and consume them. Consuming someone else’s problems can cause you to become equally overwhelmed or even more so. When you replicate another person’s emotions as your own, you make them your emotions too even though you are only empathizing or putting yourself in that person’s shoes.

People who are overly-empathetic or hyper-empathetic may gradually lose their own wants, needs as the feeling when overshadowed by another person’s emotions. These people experience others’ emotions to an extent where they lose themselves and feel the pain or negativity and in some cases positivity of another person. This diverts them from their own path and their life and onto someone else’s.

Regular over empathizing can lead to a reduced capacity of making one’s own decisions as per their best interest. They may also experience draining feelings physically and mentally since they draw away from their own feelings. People who give greater importance to others’ lives and needs above their own experience general anxiety and even mild depression at times. They don’t think of themselves often and are fully consumed by others’ sentiments they report feelings of emptiness and meaninglessness. They mostly look at situations from another person’s perspective rather than their own.

Some signs you may be experiencing toxic empathy are:

  1. Pitying others’ situations often and use it as a justification if they are mean and unpleasant towards you.
  2. Giving in to others’ demands easily and find it hard to say no or refuse.
  3. Unintentionally physically replicate another person’s stress i.e, feeling like you have a knot in your stomach, clammy hands, etc.
  4. Emotionally mirroring another individual’s pain and feeling persistent emotions of sadness and suffering for a prolonged period of time.
  5. Feeling exhausted physically and psychologically after interacting with people.
  6. Being unable to complete or fulfil your own responsibilities because you feel overwhelmed by your feelings.

Managing toxic empathy

Emotional Hijacking

Emotional hijacking is when another person’s thoughts and feelings have control over your emotions and feelings. People who have a high empathic quotient and are prone to toxic empathy may experience emotional hijacking during a process like venting. They can absorb the other’s frustrations and replicate them. To prevent this, you must observe what emotions you feel when someone is expressing their feeling to you and remain calm, relax. Composing yourself later on and relaxing gradually will allow you to release the other individual’s emotions and empathise in a healthy way.

Healthy relationships

In mutually healthy relations both parties’ emotional needs are given proportionate importance. It uses the give and take method where both parties act as listeners and speakers as well. Every healthy relationship has a well defined boundary where everyone’s needs are met and an equal amount of support is given to both individuals. Communication is key and is necessary in order to fully express and let go or relive yourself from some of the negative emotions you are feeling. Communication in a healthy relationship would make you feel heard, lighten your mood and deepen your connection with the other individual.

In a healthy relationship, boundaries are extremely important since they help you distinguish between your own needs and the other person’s needs which allows you to shield yourself from toxic empathy.

Psychologists near me

If you feel that you are always overwhelmed with your emotions, listening to others’ problems causes you to stress, seek the help of distinguished Psychologists at IILM would be happy to guide and counsel you. Our faculties can help you understand the causes and help you balance empathizing with others, managing your own emotions and forming healthy relationships.

Please feel free to write to us at megha.pushkarna@iilm.edu The distinguished Psychologists at IILM would be happy to guide and counsel you.

 

 

 

ANANYA PANDEY FROM BA YR II Batch 2019

Learning Rebooted in Higher Management Education

By Winnie Ranjan who is a Second Year PGDM Student at IILM Lodhi Road

Higher management education has witnessed a radical transformation in a matter of months due to the COVID 19 pandemic. Technology in the education sector has become an integral part of the new normal. This paradigm shift in the education sector has boosted the overall learning process. As a management student, online learning has made me wonder about the different trends and opportunities evolving in the field of education in the coming years.

As a response to the COVID 19 challenge, colleges and universities have revised the courses and subjects offered to students in order to facilitate learning that aligns with the skills required in the upcoming job market. The digital market space has taken another sharp upward turn and has evolved faster than ever before with new powerful sectors leading the pack. Different fields like data analytics, remote management, digital business, technology advancements among others have created even more demand for jobs. IILM has started offering subjects which foster alignment with the required skill sets in the job market.

In the current business world where everything is heavily dependent on data, analytics has become one of the powerful tools for the success of any organization. Considering this scenario, IILM has started offering different analytics-based courses to its students like Marketing Analytics, HR Analytics, Business Analytics, etc. which are in high demand in today’s job market. We also have a course on Python as technology is rapidly changing and learning programming has become crucial for future managers, so that they can provide innovative solutions for problems in the business world.

The lockdown has highlighted the importance of  E-commerce due to the changing behaviour of the consumers. It is very important for management students to learn about E-Commerce for both job opportunities as well as self-employment. Industry experts are delivering guest lectures so that students can gain insights into the practical application and challenges of e-commerce in various sectors.

IILM revamped its courses based on the current scenario and future forecast. It is also offering a course in Logistics Management. Apart from the digitalization in this industry, there has been a lot of changes in the global logistics management and supply chains due to the disruptions brought by the pandemic. Understanding these interactions is very important for managers to manage inventories and plan ahead.

There has always been a concern with remote learning with respect to imbibing social skills. Management students as “future managers” need to work in teams and manage people effectively. To help students incorporate these skill sets, IILM has offered a course on “Managing Virtual Teams” where international faculty have collaborated with IILM faculty members. This has enabled the mutual benefits of global learning for both students and faculty.

It is very important in these high times to interact and engage with students so that they don’t feel isolated and miss out on the personal touch. Business schools are planning sessions where they engage the students through different fun activities, games and other medium. At IILM, we have an interesting career course on “Management Through Movies” where students participate enthusiastically and discuss different movies keeping in mind the management approach.

The past few months have led to the digitization of education which has given rise to many online education platforms like Coursera, Udemy, Byju, etc., which in turn has widened the scope of learning for both students and professionals. In fact, many business schools have made it compulsory for students to take some courses on these platforms so that they can upscale their existing skills. IILM also took a similar kind of initiative and has tied-up with Coursera for providing free certificate courses to its students. Each student has her own strengths, weaknesses, interest area and pace of learning so based on choosing their own courses from a wide variety offered on this platform has been very helpful in providing personalized learning to students.

Looking into the future:

Looking ahead to a time when colleges and universities would re-open, there are higher chances of integration of analytics and technology into the course curriculum. As management students, it is important that we think through and analyze what is happening around us and how we can create opportunities for ourselves and harness these changes to the best for our learnings for a better future.

To learn more about how the new courses at IILM, please visit us at www.iilm.edu

Covid-19 –Political Obligation and Government Compulsion

The current state of epidemic not only urges the government to take harsh measures but also the people to cooperate with it for their own survival. Letting go of their right of self-preservation the people need to understand that the measures are for their own good.

Hobbes had once stated “Out of it, any man may rightly spoil or kill each other, in it none but one. Out of it we are protected by our own forces, in it by the power of all. Out of it no man is sure of the fruits of his labour, in it all men are. Lastly out of it, there is a domination of passions, war, fear, poverty, slovenliness, solitude, barbarism, ignorance, and cruelty, in it, the domination of reason, peace, security, riches, decency, society, elegance, sciences and benevolence”. This is a situation which seems to persist in India and around the world currently. When the people are anxious and cautious at the same time. When the citizens are looking towards the sovereign for the answers to their questions and support for their well being. There is peace and havoc; there is ignorance and awareness that simultaneously persists.

Here the measures of a complete lockdown by the Indian Government at the early stages has been up lauded across the world. Yet the Indian populace even in this state seems to be defying the government orders as a part of their leisure routine not understanding the severity of the situation. The recent incident of the conglomeration of crowds at bus stations is sheer ignorance on their part against the world wide pandemic.

The government of India needs to be praised that they have been working on meeting up with all the flaws in the scenario and bringing in satisfactory measures in the social, economic and health scenario. It is now up to the people of India to understand the severity of the situation and heed to their obligation towards the state which is abiding by the dictates of the state.

Government and Public Policy

 

The debate on the role of government in an era of automation, internet, globalization and climate change has been going on for long. Historically, the government’s chief duty has been to provide security and public services to its citizens while levying taxes and collecting revenues in return. Discussions have been galore on whether governments will be largely redundant in an interlinked world where technology and supra national authorities will become the major players. Paradoxically with the immense growth in technological progress, the regulatory role of the government has come into focus as well as the view that the government should act as a facilitator of advancement.  The Antitrust cases against Google, Facebook, Apple and Amazon bring to light this tension between the government as a defender of privacy and rights of its citizens while the claim of these companies is that they have ‘spurred innovations’. With the onset of the corona virus pandemic, the lens through which governmental action can be examined has been further widened.

Covid 19 has resoundingly brought out the importance of health and economic policies to the forefront which have comprehensively demonstrated the importance of government and its public policy. The classic definition of public policy by Thomas Dye aptly fits the current thought process- ‘public policy is whatever governments choose to do or not to do.’ Sweden is an interesting case where the government chose what ‘not to do’ by adopting a comparatively lax approach to enforcing social distancing by legal measures instead it relied on societal norms. Governments may regulate behaviour, organize bureaucracies, distribute benefits or extract taxes- or all of these things at once. The government through its monetary and fiscal policies is often seen stimulating a depressed economy like doling out stimulus packages in India, EU and USA, curbing inflation which may otherwise make food unaffordable to the common wo-man (Refer to the RBI governor’s recent statements which point to this policy goal[1]), giving assistance to those who are unemployed (case of MNREGA) or opening markets for growth and jobs (such as Indian agricultural sector reforms).

Governments are expected to impose lockdowns to curb the spread of an epidemic but also ease into ‘un-lockdown’ when economies start going into recession.  For example, the pandemic response by the New Zealand Prime Minister Jacinda Ardern’s government which has been universally praised for its preventive actions and levels of preparedness. Thus, policy-making is an intricate process, shaped and prompted by multitude of factors, actors and their interests. The defining characteristic of this process though is ‘complexity’.

This complex process of public policy making involves primarily the government along with the multitude of government bodies, organizations, lobbies, businesses, contractors and ordinary citizens. It crisscrosses almost every aspect of modern day life- banking and financial transactions, education and healthcare, transportation and infrastructure, trade and foreign policy, social and humanitarian policy, environmental and regulatory policy. One of the immediate and decisive responses of governments in Germany, France, Denmark and Sweden to the covid crisis, for example, has been in providing a direct wage supplement to employers just like wage subsidies on the condition that they not lay off workers Government policies have become absolutely crucial to curbing and coping up with the pandemic but also in solving the ongoing abyss that economies currently find themselves in. In response to the call by businesses and industry leaders for more government action, sweeping interventions and well targeted relief measures, German Chancellor Angela Merkel and French President Emmanuel Macron have proposed a €500 later €750 billion European Fiscal Response, on top of what countries already planned to do nationally.

Recognizing this growing relevance of public policy, IILM offers a variety of public policy courses as part of its post graduate programs. These courses recognize the complexity of today’s world and the ramifications of public policy on businesses, economy and society. Students can choose from various electives in public policy like political economy, international trade policy, international institutions, foreign policy, environmental policy among others along with lectures and interactions with experts on various facets of public policy making in India. The role of government institutions, stimulus packages, sectoral reforms and defense upgradation cannot be overemphasized in overcoming the challenges that we face today. Governmental policies will largely determine the course ahead in terms of recovery from the pandemic and re-energizing the economy and people.

To know more about public policy response to the COVID 19 pandemic and public policy courses at IILM, please write to me at Bidisha.banerji@iilm.edu

[1] https://economictimes.indiatimes.com/news/economy/policy/with-its-eyes-on-inflation-rbi-may-halt-rate-cuts-for-the-foreseeable-future/articleshow/77666027.cms

Python for Data Science and Visualization

Python is the most widely used high-level programming language. It is the simplicity that makes Python a favorite language with coders and data scientists. Non-programmers feel uncomfortable when they are asked to work on a programming language.

But I have a justification – do you know simple mathematical and logical functions of MS-Excel. If yes, you can easily handle programming language like Python.

Before talking about Python let us know what is Data Analytics? Today, Data science is an attractive career option. Analytics is a blend of Big Data, statistical methods, and management decision making. Businesses are generating large amount of data as they are online now more than ever. Data comes in the form of text (opinion), number (satisfaction rating), voice messages, and videos (product reviews after delivery). To be ahead of competitors, businesses wish to analyze the data, make meaningful outcomes to take informed decisions.

Let me introduce you with Python – Python is a production-ready computer programming language, this language is used in multiple operations. One of its tasks is data analytics but it is not specifically meant for data analysis. It’s an open-source language so you don’t need to pay anything, just download Anaconda and start working on Python.  Python facilitates libraries, online communities, and a limited number of packages that are easy to use. Its best feature is the visualization of data. After using various software to make an eye candy chart I think, my search ends at Python. Yes, it’s a command-based programming language where you have to memorize commands or make a note to use them at the right time. Where Python is a winner or loser? It is the non-availability of GUI or Graphical User Interface like MS-Excel, SPSS, or SAS. But at the same time, it is a boon too. GIU limits the creativity of the user; the user will get only the features that are available with the software. But with Python, you can add features. Two examples of the charts are below-

At present, the software available in the market for the statistical calculations like R, MS-Excel, SPSS, SAS etc. All of them have some challenges and some benefits. If you will check vacancies in the top-paying jobs you will find

Today, there is varied software available in the market for statistical calculations like R, MS-Excel, SPSS, SAS, etc. All of them have some challenges and benefits. If you look at top-paying jobs you will find that companies are running behind Python. Let’s see how the other statistical packages fare in the race.

  • R – R and Python are the most widely used statistical software in the field of data analytics. The reason for their popularity is they are open-source; one can download them, learn about them, and start working without paying a single penny. However, which one is better, and why? Let’s see –
  • R is an academic tool specifically designed for statistical research only.
  • For learners, Python and R are easy at the beginners’ level but when it comes to advanced functions, R becomes complex and is difficult to develop expertise. When you will shift from GUI based software to R or Python, initially it will seem daunting due to typing commands and no usage of mouse.
  • R loses the race when it comes to visualization. Finding the right package for visualization can be a tedious task for a beginner as there are 2000 different packages. In Python, there are few packages like Seaborn, Bokeh, and Pygal that are easy to remember by a practitioner.
  • MS-Excel – MS-Excel is software in the MS-office package developed by Microsoft Corporation. If you are known about the formulas in excel, Python will be easy for you. Because you can use mathematical, logical, and other operators while writing commands.

But still, Python wins the race.

  • MS-Excel is paid but Python is free.
  • MS-Excel is very easy to learn, but cannot handle data faster and easier.
  • MS-Excel is not capable of advanced statistics, and machine learning.
  • Detecting and fixing errors is a challenge in MS-Excel.
  • In the case of advanced visualization, if you are stuck in MS-Excel there are no solutions available. Options of a community (a group of people online that help each other in solving issues) and libraries (data set on which you can practice and improve your problem-solving skills) help is not available for MS-Excel.
  • SPSS – SPSS is a statistical package for the Social Sciences and is a popular product of IBM. It’s popularity is due to its GUI which is similar to MS-Excel.
  • For learners purchasing SPSS is a costly affair, it disappoints aspirants who wish to learn data analysis using the software.
  • Some other features that are lacking are non-availability of online communities and libraries.
  • SPSS becomes slower when you are handling an extremely large data set.
  • SAS – Statistical Analysis System or SAS developed by SAS Institute at North Carolina University. It is popular because it addresses the problems that MS-Excel and SPSS cannot handle. Due to its high safety ratings, banking and insurance companies prefer to use it. But, it is expensive software priced in India at INR 20 Lacs.

Of course, Python has not captured the complete analytics market but it is getting consideration. The reason is that we see mushrooming of startups in the area of web designing, e-commerce business, leading to increase in data usage, and its open-source availability. Students looking for a career in Data Science must keep Python in your quiver. It will be a useful tools that can enhance your job and career prospects.

For more information on Python-related readings follow my blogs on IILM Blog site https://blog.iilm.edu or write to me at ashutosh.singh@iilm.edu.

Will India Emerge as the Global Production Hub?

Will India Emerge as the Global Production Hub?

Due to the COVID-19 pandemic that originated in Wuhan, China, the world is facing a major existential crisis. This virus has led to massive destruction and deterioration of resources across the world. It poses the biggest threat to humanity as the number of deaths is increasing at a rapid pace each day. The Governments of all countries are trying to cope with this crisis in the best possible way.

Shifting of Manufacturing Base

Amid all this, there has been a shift in the mindset where big companies or Multinational Corporations (MNCs) are planning to de-risk their supply chain and shift their manufacturing bases from China. The major reason for this is the massive disruption caused to businesses due to actions taken in the wake of the outbreak. Globally, business houses are considering India as an ideal place for shifting their manufacturing setups. They are exploring the option of relocating their supply chains to diversify their business operations. This could be seen in the case of the tech giant Apple which is planning to shift one-fifth of its production capacity from China to India.

Moving out of China

Even though, India ranks at number 63 on the global index on the ease of doing business and China stands at 31 which is way ahead of India. But still, the Governments of various countries are expressly promoting the idea and encouraging a production shift by including it in their economic packages. They are actively assisting firms that are taking action to move their manufacturing units to other countries. For instance, Japan is ready to spend a hefty amount of around USD 2 Billion to support its firms for changing their locations from China to other countries or Japan itself. Also, as the President of the US has explicitly blamed China for this pandemic and global suffering, so the other countries are also unanimously supporting this view.

India a Favorable Alternative

India is being considered as a favorable alternative to China, and the Indian Government is planning on measures that could be taken to attract foreign investment. For the purpose, a committee of bureaucrats and joint secretaries of various ministries and departments has been set up. The Government had announced various schemes in March 2020 which are inclined to give incentives for boosting manufacturing setup in India. The propaganda is to reap the greatest benefits during this time due to this shift in mindset where India is becoming an upcoming choice for most multinational organizations. Because of its market size and being a potential hub for exports, along with quality personnel and talent India has a golden opportunity to take advantage of such manufacturing migration.

Diversify

There has been a huge dependence by developed countries like Japan, the US, South Korea, etc. in China because of the availability of cheap labor. There is a popular saying that “Never put all your eggs in one basket.” So, these countries are rethinking and reapplying this strategy and are now expected to help India in the forthcoming years. There are almost 1000 foreign firms that are considering India as a potential destination for their manufacturing setups. Most of these firms deal with mobiles, medical devices, electronics, and textiles.

Relaxing the Norms

If India is going to substitute China as a manufacturing hub in the coming years, then major reforms in the structure need to be implemented and relaxing the norms and regulations for carrying out businesses with ease. The problem that India faces is the lengthy rules and red tape that deters potential investors from grabbing opportunities and taking actions for establishing production hubs. It is a time-consuming process for getting licenses and approvals for starting a business in India. Therefore, there is a need for certain relaxations in these proceedings so that there is a fair chance of attracting business opportunities to the entrants and has the scope to expand and diversify existing businesses. This would boost companies in making their businesses flourish.

India, having foreseen this golden opportunity needs to move faster in this direction and must improve the infrastructure that is a pre-requisite for any upcoming development. The authorities can take pro-active and prompt decisions so that India does not lose this fair chance as it is not alone in this race to attract investment. Many other countries are eagerly looking to grab this opportunity. It is the right time for India to sustain and populate its “Make in India” scheme and become self-reliant or “Atmanirbhar” as proposed by our Honorable Prime Minister. This is the time to join hands and fighting this pandemic to come out of it stronger and prosperous. This crisis has pushed the economy by many years but this single chance of reviving it by becoming the global manufacturing hub ought to be grabbed with both hands.

What are your suggestions for India to capitalize on this golden opportunity to attract investment from global MNCs? Do comment.

Deeksha Garg

PGDM Student

Dr. Kumar Saurabh

IILM-GSM

Reforming our Education System- Student Blog (Kirti Manektala B.A(Hons)Psychology Year II)

“Education is what remains after one has forgotten what one has learnt in school” -Einstein

Introduction

The Indian education system is largely based on rote learning. Students focus more on memorizing the facts rather than understanding. This creates a bridge between education and knowledge. UGC even during the pandemic amidst the lockdown announced exams stating that exams are linked directly to academic credibility, career opportunities and future progress.

The question remains why are exams so important that even during the course of a pandemic which is causing a physical and a mental toll on people; UGC considers exams as an essential? Exams are built to test the rote learning capacity of a student rather than their actual conceptual understanding. In the real world, understanding the practical application is what comes in handy rather than mugged-up concepts.

Are marks so crucial for our future?

Marks still continue to be the most important factor in deciding the future of children. College cut offs, choice of streams, career choices, etc are all dependent on the marks a student score. 90% plus students choose the science stream, an 80% plus gets math, etc. The streams aren’t governed by choice but rather by 10th marks.

A 3-hour paper evaluates the individual’s potential, future and career choices. Evaluations should be based on real life skills as well as practical skills such as leadership, extra curricular, etc but rather they are based on a person’s ability to memorize provided content.

Subjects are also given different priorities for example: science students are given a priority over students with commerce or arts. Languages, communication, arts etc in the subject hierarchy are not considered as important as sciences.

Maths and science marks always determine a student’s overall capability. Students good in social sciences but lacking in math and science often find themselves condemned for their science and math marks despite their capabilities in other fields.

Similarly, students good at extracurricular such as sports, drama or dance but not above average in marks often face academic judgement.

Practical Knowledge over Rote Learning

A student’s potential to excel in subjects, academics and extracurricular often depends on their aptitude which is largely genetic. For example: a student with logical mathematical aptitude would excel in math, a student with linguistic aptitude would excel in languages and one with bodily kinaesthetic aptitude would excel in sports or dance. Education needs to be personalized according to the student’s aptitude. Similarly, our education system needs to focus on practical learning rather than rote memorization of textbook content. Students need to be taught practical applications of the knowledge provided in their books.

Media overemphasizes on excellence

Oftentimes news reporters are seen interviewing board toppers where they ask them the most basic general knowledge questions and the toppers are unable to answer the same. Similarly, reporters also interview school teachers who are unable to answer the basic general knowledge questions.

This showcases a large loophole of our education system where students are aware of what’s written in the book due to their memorization capacity but they are unaware of basic general knowledge required in real world settings.

An 18-year-old student coming out of school is incapable to engage in basic banking, healthcare, investment, etc. Students are unaware of basic necessities such as how to wire money, how to write checks, how to file FIRs, how to file a PIL, how to write actual formal letters and emails, create CVS and resumes, how to check taxes, etc which makes them incapable of dealing with real life tasks which are rather important.

Different learning styles

Every human being has varying learning styles- visual, oral, verbal, physical, logical, social and solitary i.e. everyone has different ways of acquiring information. Our education system doesn’t take into consideration the difference in learning styles.

Education system needs to be moulded according to the learning needs of each and every individual. This would increase the effectiveness of the learning provided to each and every student. Rather than focusing on group learning where every student is supposed to acquire the information in the same way, education should focus on the strengths and weaknesses of every individual.

Similarly, the assessment types are again generalized rather than subjective for example: personality types- students who are introverted often find it uncomfortable to participate in group projects or present yet every student regardless of their individual differences are boxed up into the same type of learning as well as the same types of assessment. Every learner, every individual, etc is unique and that is something which education system needs to seriously consider.

Education is a journey to development

Education is an important part of an individuals’ growth and development. To create human resources, which would actually contribute to the resource pool of the economy we need to reconsider our methods of teaching. Adding technology to the equation doesn’t resolve the outdatedness of our education system. It is important that as we evolve our education system also evolves. It is important that education considers neuroscience, cognitive psychology and education psychology and creates a framework which is effective.

Conclusion

Education should focus on growth but shouldn’t create pressure. We need to consider where we are going wrong. Change is the only constant and our education system needs some serious change.  What are your views on the Indian Education System and how do you think National Education Policy 2020 would help in bridging the gap between education and employability?

Everyone is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid. – Einstein

https://blog.iilm.edu/kya-result-aaya-boards-2020/

A HEALTHY MIND IS THE GREATEST TREASURE TO FIND (Student Blog B.A. Hons. Psychology)

 

Conversations around mental health have always been a taboo in our Indian society. It has been related to how a person might be possessed or simply is dysfunctional to be ever cured; thus not be able to work in an environment to sustain oneself. People in our country are struggling with varied psychological issues that have a direct impact on their overall well-being. There is a tremendous mental health crisis that has been brewing in our society ever since 2015. The problem is aggravated as people believe that mental health issues can be cured by visiting religious centres where God is the only source of direction and solution to cure such problems. Even today, such belief systems have a found place in people’s life which is quite far off from logic and rationality.

Rural areas perceive mental illness very differently. They consider mental illness equal, to be possessed by some evil soul under which individuals facing problems are many times handled quite harshly which leaves a long lasting impact on their mental health & well being. Many times patients whose families are totally unaware of their condition end up abandoning their family members considering them mentally unfit, which leaves a long lasting scar in the life of the suffering person. Lack of mental health awareness has many a time led people from backward areas to a wrong diagnosis which worsens the mental condition of the person, leaving him in a situation where they may have no door to knock.

There is a great need to create awareness about mental health in rural areas, as compared to the urban sector where acceptance and initiative for treatment has taken a positive turn over the years, where mental illness is not seen or considered a taboo to talk and discuss.

Cases of mental illness in urban areas are increasing as people face daily pressures in work and personal lives. Working hours that go beyond the schedule of 9-5, has left people with no time for themselves. Ambitions have over-taken the need for personal care, healthy diet, appropriate sleep and even family time has been compromised giving an open entry to multiple mental health related issues.

Addressing mental health is very important. Once we understand and open up about our struggles we would be in a position to see what awaits us. Living with stress is equal to letting a cancer slowly but steadily grow to eventually harm us one day. Opening up about one’s feeling, emotions, physical symptoms, or lifestyle can be a great start. This will bring focus on the prospects of managing one’s well being. It is like healing a wound which might initially seem quite painful, but with the right diagnosis can cure you to be your wholesome self again pretty soon. The more one explores, the better one feels about his/her mental health condition. Just accepting one’s problem, living with it and not taking corrective action is not a good idea.

One must be very careful, attentive and address any problem they might face. Some symptoms are:

  • Confused thinking.
  • Prolonged depression (sadness or irritability)
  • Feelings of extreme highs and lows.
  • Excessive fears, worries, and anxieties.
  • Social withdrawal.
  • Dramatic changes in eating or sleeping habits.
  • Strong feelings of anger.
  • Strange thoughts (delusions)

It is imperative for a person to seek the help of a professional psychologist, and get the right treatment. People should be made more aware of what mental illness is, through campaigns and workshops.

The first step should be taken by schools to create awareness amongst children and adults of all age groups explaining that “it’s okay not to be okay” and that it’s absolutely normal for boys to cry and experience emotions like pain. There is nothing to be ashamed of. Dedicated counsellors and special educators should be hired in schools, to help people know about mental health issues. Workshops for teachers, parents, and students can be organised to understand how to deal with stress and day- to-day pressures of life. Talking to a therapist should be emphasized upon.

In the end, always remember that mental health issues are never something to be ashamed of. Only when awareness increases in society, will we be able help each other in times of stress and emotional instability because as the saying goes – a healthy mind is the greatest treasure to find.

At IILM University, our Psychology faculty members are trained psychologists and you are welcome to reach out to us for free counselling sessions. Please visit www.iilm.edu.

What mental health needs is more sunlight, more candor, and more unashamed conversation.” – Glenn Close

“Kya Result Aaya?” #Boards 2020

Introduction:

Board results are the quintessential discussion for parents and students which also becomes the most discussed topic amongst family. Unfortunately, it’s marking a child’s future with the percentage for the rest of their lives and not to mention labelling them.

The amount of pressure that board classes bring with them has been accounted in various studies, clearly signifying, inverse correlation of stress and marks in board exams, even though we continue to pressurize students to attain, at times, the impossible.

Expectations (from parents, teachers, peer and self) may crumble the self-esteem, as well as performance in boards and can have devastating effects on students and their career options.

100% Board results-2020

In 2019, as many as 17,693 students scored more than 95% in CBSE XII and the numbers increased to 38,686 students in 2020. Board results 2020 have raised the bar for students, who will be giving exams from here on. To compete with 100% marks can have challenges in plenty. Not to downsize the student who made that effort and actually got those brilliant marks; the discussion is about students who got a distinction (above 75%) and still feel “not good enough”.

This unfortunate inadequacy of “could get better marks” is a dilemma any student scoring marks from 70-90% category feels, especially when the choice of subjects in a prestigious university looks bleak. Not that the ones who make it over 90% waltz through the top universities. They also struggle and at some point “have to compromise” on the course or a college.

Can you accept your marks and not label it as destiny?

My observation while looking at board results- Yes, it is the highlight of your life and will be compared in galore with cousins, friends and any known person who got better marks than you. However, could we stop putting the blame on either teachers, Corona or pressure from known and accept what we scored gracefully?

Can we find jubilance in clearing class XII and being ready for applying in colleges rather than whining of what could happen if we scored better? Acceptance of board results brings inner peace and reduces comparisons which clearly isn’t helpful. I believe board results don’t shape your destiny and that only if you are ready to believe in yourself, can life offer opportunities for you to carve out the best in self.

If we can make a reality check and be honest with oneself, as to what are the strengths and to work on them, we may find our success, even if it feels inadequate to others. The key to convince parents and friends is when you, yourself can accept what you want to do, or reach out for counselling, if unable to make career choices.

Try reducing those mountains of expectation or mirages of “what I should be” to “what I can be” for a better career path and at the same time enjoy the journey of becoming your own person.

Experience the “Joy in Learning at IILM”

With newer opportunities coming up every day like School of Humanities at IILM University, Gurugram, we encourage students from varied fields to open their minds to choose a trending subject and experience the joy in learning. With latest pedagogy in teaching, faculties at IILM strive to help students create a niche for themselves and prepare themselves for better career opportunities.

Conclusion:

Board results could have brought tears of joy or disappointment given what you were expecting and what was received as results. See this as an opportunity to explore and search what and where you want to take your college education. Comparisons and expectations can be hurtful, so try avoiding them by focusing on “what you think you want” than “what you should be”.

 

“Every accomplishment starts with a decision to try”