“It is a mark of an educated mind to be able to entertain a thought without accepting it.” said Aristotle. What sort of a mind is it that neither accepts nor rejects a thought ? For that matter, is there a thought at all in some minds ? The minds that thoughtlessly take refuge in God GOOGLE when besought with a question and reproduce are surely not educated minds. Education is not merely being able to read, access information from publicly available resource, copy and paste without application of mind. With or without degrees this can be achieved but true education happens when the curiosity and inquisitiveness is kindled, is triggered and the quest for answers begins.
Be that as it may, remembering 5th September as Teachers Day in memory of Dr. S Radhakrishnan, our second President and all those that have taught us over the years. Not to forget 15th September as Engineers Day in memory of Sir M Vishweshwariah, the Engineering marvel of Karnataka.
Ministry of Company Affairs seems to be making up for lot of lost ground – numerous Rules and Regulations have been put in the public domain for comments. The overzealous bureaucracy has begun implementation of the Act in phases, with the notification of select 98 sections which is bound to reign in confusion and chaos.
‘Kar Lo Duniya mutthi mein’ (get the world in your fist) was a slogan coined by a leading Indian Telecom company in the last decade when they launched mobile services and vowed to empower every Indian with connectivity. From ‘around the world in 80 days’ to anywhere in the world in less than 80 seconds, technology has brought the world to our fingertips. From the comfort of your home you can access different places across the world but unless you set foot you cannot experience a place, its culture, its people, its language, its cuisine, its weather, its history, its geography etc. Experience, travel – these are as education in themselves. Therefore while technology can ease travel, it cannot replace it. As Burton Homes said “To travel is to possess the world”. Why this prelude to travel? Because 30th September was World Tourism Day.
As for tax professionals and corporates here in India, September is a busy time with tax returns filing, tax payments, accounts finalization, audit, annual general meetings etc. To top it, this season we have had a deluge of notifications enforcing parts of the new Companies Act as also draft Rules to review. Needless to say we are facing piquant situations trying to figure out if a provision is applicable from the old Act or the new one, always hoping the new one is not yet effective.