PFI chief among over 100 detained in ‘largest-ever’ NIA, ED raids in 11 states

The true essence of educational process is that it continues with sustained progress and ends up with holistic development. In the pursuit of students’ progress, we often evaluate their performance with emphasis on improved test and exam results. However, in reality, the educational journey that students embark ultimately demands their comprehensive development, of which performance in exams is just one aspect. If one fails to recognise the other aspects of this process, students may in the long-run appear to be ill-equipped to solve their own problems. The proper utilization of their inbuilt soft skills may not always be possible to them. Therefore, focussing on the overall development of students becomes essential. This involves nurturing students, by cementing their growing age at the school premises, to emerge with abundant energy and enthusiasm to face the world. Students' comprehensive development can be of three dimensions: academic, moral, and social.

1) Academic Development

By academic development we mean (a) knowledge-enhancement (b) excellence and (c) knowledge-application.

(a) Knowledge: With the gradual advancement of the classes, students must expand their knowledge base. Students should not be seen as vessels for storing information; instead, they should embody the true essence of education. Else, there remain no distinction between a machine and a human being. The topics taught in any subject are brimming with information. When a teacher succeeds in transforming this information into understanding through effective teaching methods, it becomes knowledge that retains in students' memories for longer periods. Therefore, classroom lectures should not be restricted to the mere transmission of information; rather, they should be imbued with the art of transforming information into knowledge. As a result, students will grasp the essence of conceptual understanding, cultivate a culture of healthy argument and develop critical thinking skills.

(b) Excellence: The knowledge acquired through gradual process exerts a vigorous impact and enables students to excel in whatever they do. Therefore, focusing solely on scoring marks can impede their pursuit of excellence. This needs to be taught and should be considered as a parameter to gauge students' performance. From maintaining a decent physical appearance to excelling in both academic and non-academic activities, all aspects need to be in view to make excellence a synonymous with their persona.

(c) Application: The pragmatic approach towards acquired knowledge is pivotal when considering its beneficial aspects. Often, this aspect remains veiled from students, as at times they encounter difficulties in applying the knowledge they have acquired over the years. The knowledge-application aspect serves to identify the authenticity of education and paves the way for improvisation of teaching and learning methodologies. Knowledge acquired with excellence must be synchronized with its practical application. This enables students to know various answers to the question: What can students actually do with the knowledge they gain in every class?

2) Moral Development

The process of moral development for students is like teaching them how the wings of birds enable them to fly and soar high in the skies. The flip side of excellent performance is high moral standards. This implies that students have two sides: one sports their academic performance, and the other reflects their high moral standards. The moral development also has three prong prerequisites: 

(a) Self-awareness: The process of moral development begins with self-awareness. When students know who they are, the rest follows in accordance with their understanding. It sets them on untiring and exemplary journey towards excellence. By self-awareness we mean enabling students recognize their strengths and weaknesses and empowering them with the ability to enhance their strengths and overcome their weaknesses.

(b) Righteous deeds: It can serve as a parameter of one's moral character. The extension of being in good conduct involves performing good deeds. It's about benefiting others, lending a helping hand, speaking the truth, and even a simple smiling gesture….all have the power to exert a positive impact on others.

(c) Duty towards fellow being: It is the natural extension of moral deeds; it involves recognizing one’s obligation to others. The pinnacle of morality is when the people in one's vicinity benefit from either words or deeds. Morality can be summarized as 'loving for others what one loves for oneself. These shades of morality can be summarized as spirituality with the aid of which a person finds proximity with the God.

3) Social Development

Socializing students means synchronizing them with their surroundings. Every aspect, whether related to themselves, their homes, or society, has enormous potential for their educational and moral development. Socially aware students always fall under our jurisdiction. This jurisdiction doesn't rely solely on the four walls of an institution; rather, the entire city where students live becomes a kind of virtual school. Students perceive their surroundings in the way we guide them. When they leave their homes, they view every nook and corner and the surroundings through our perspectives. The influence of the school extends far beyond its physical walls, and the teaching and training process begins the moment students leave their homes.

This socialization requires a mentality of owning everything. Every person is connected to them. From the executives living in high-rise buildings to the individuals residing in small localities, to the beggars who extend their hands to earn a livelihood, all are interconnected with them in one way or another. This owning mentality helps students adopt realistic perspective. The high-rise executives can inspire them to dream big, while the beggars can motivate them to step forward and address this social evil. Their vision will be inclusive of a mission of serving people, and their earnings will be dedicated to the well-being of others through selfless service. This way, the dearth of highly qualified and educated individuals in small villages can be mitigated. This approach can encourage students to consider constructing their societies and actively contribute to the progress of the country in all spheres.

This idea of students’ development can help us make our teaching and learning system more efficient and foster a competitive spirit among both students and teachers alike.

The author is the Director of AJ Academy for Research and Development, Raichur. [email protected] 

Kasaragod, Sept 19: The negligence on part of authorities, who failed to understand the consequence of potholes on Kasaragod – Chandragiri state highway has claimed the life of a future doctor. 

The victim is Shivani Baliga (20), who was pursuing her MBBS studies at the Manipal Academy of Higher Education, Manipal. She is the daughter of Mahesh Chandra Baliga who was the former president of Kannur Chamber of Commerce, and resided near St. Michael's School, Kannur.

The girl lost her life when her scooter went out of control due to a potohole near Chandragiripalam between Kasrargod and Kanhangad on Sunday, September 17 night. 

Shivani sustained serious injuries in the accident and was rushed to a private hospital, where she breathed her last the very next day. She is survived by her father, mother Anupama, and her brother Rajat Baliga, who is employed as an engineer in Bengaluru. Kasargod police have initiated an investigation into the incident.

Unheard pleas

Local residents and motorists had been urging the authorities at least to temporarily fill the potholes on the road to avert tragedies. The residents reiterated their demand when a 20-year old Ajit Kurup suffered severe injuries in an accident and landed in Mangaluru hospital a few days ago the same road. Had their demand been met at least temporarily, this major tragedy would not have happened.

According to reports at least eight two-wheelers were involved in accidents just two days (September 17 and 18) on the same road injuring many people including women and children. 

The road through Chandragiripalam is full of potholes. Three huge potholes near Pulikun Junction pose major threat. Most of the potholes were at the end of the interlocked section between Chandrigiri Bridge and Chandragiri Junction and at a distance of 5 meters from there to the bridge. It is almost impossible for two-wheeler riders to escape these potholes. 

After the major tragedy, the authorities took steps to fill some of the potholes temporarily with jelly stones without tar. However, due to rain and passing of cargo vehicles the some of the potholes have already reappeared.

Even though various organizations and drivers had repeatedly urged the authorities to take up the repair work before the commencement of the rainy season, no action was taken. Due to the construction work of the national highway, long-distance buses and goods vehicles ply on this road. The officials of the maintenance department on the other hand claim that the rains have hindered the pothole filling work. 

A dip in Indian households' net financial savings due to elevated debt threatens to choke major sources of funds for the government's capital investments, key for the nation to retain its mantle of the fastest-growing major economy, according to a report published by Bloomberg News. 

In its latest data, the Reserve Bank of India stated household financial assets, including bank deposits, cash, and equity investments, after deducting debt servicing and consumption, eased to 5.1% of gross domestic product in the fiscal year ended March from 7.2% in the previous year. 

This level is the lowest since the fiscal year ended March 2007 and will crimp resources for the rest of the economy, as per calculations done by IndusInd Bank Ltd.'s Chief Economist Gaurav Kapur. 

In absolute terms, net household financial savings added stood at ₹22.8 trillion in FY21 and it came down to ₹16.9 trillion in FY22 and to ₹13.75 trillion in FY23.

The report also stated that the Indian government depends on these savings to finance its capital investments in physical assets such as infrastructure, machinery, and equipment, Bloomberg reported. 

While savings increased for many households globally during the pandemic, most used up the resultant extra spending power as COVID-19 curbs ended.

Saugata Bhattacharya economist at Axis Bank Ltd said, "Household financial savings not keeping pace with growth is a matter of concern. Without adequate domestic savings, funding the needed investment will require large foreign capital, which is often volatile."

“The household sector is consuming by borrowing more. This happens when the income level stays stagnant but inflation creeps up. The recovery is not broad-based — while a section splurges on luxury goods, others are borrowing to stay afloat," said Rupa Rege Nitsure economist with L&T Finance Holdings Ltd. as quoted by Bloomberg. 

More than 300 million Indian households have seen debt levels increase following aggressive lending tactics by banks after the pandemic. The rise in financial liabilities with falling asset levels could be a sign of rising inequality. 

The finance ministry, meanwhile, sought to dispel worries expressed by economists about the declining trend of financial savings of households saying it signaled a shift in their investment preference for non-financial assets. 

Investments into financial instruments are often guided by factors like risk perception, financial literacy, and easy liquidity while purchases of physical assets like houses and gold are often based on the need for these assets, their potential for appreciation, and cultural factors.