Thursday…not some stray thoughts !
It’s another Thursday..the last in January 2011…and as Derivatives settle themselves for the routine monthly close,I’m trying to settle a few not so stray thoughts……
…..An Additional Collector is burnt to death by the Kerosene Mafia near Nasik…an Activist seeking Information under RTI on a Builder is beaten up badly by the builder’s goons accompanied by a local Political Party MLA….FIRs are recorded reluctantly after some pressure….Methinks the Government Law Enforcement Machinery is unwilling and unable to protect honest people who do their jobs…..because somewhere or the other they are involved…..not a good sign of the times
…..Final CA Results were announced last week…and they have been quite disastrous….Intermediate Rankers have failed both Final groups…those who thought they had done exceptionally well and were planning parties to celebrate their passing have flunked…..the morale is extremely low and increasing frustration is evident…I know quite a few of those who appeared…..Methinks the ICAI needs to revist and rethink their approach in controlling and regulating the number of successful candidiates lest they be termed as sadistic !…..the Relative Marking too is causing agony and is not viewed as being fair.….An Intermediate Ranker gets just 8 in IT ! after having self assessed that the Paper went of very well !…..Frustrated Youngsters,many of them really brilliant,lose self esteem and most will increasingly shun and switch from CA as a career on Failing ….My advice to Youngsters is to stay off CA if they do not have the ability and willingness to devout to serious stuides for months before appearing for Exams…these are not College Exams…this is a Professional Qualification and is therefore bound to be tough….and do not take it personally if you Fail….it’s not that the ICAI is out to get you…it’s just that the number of successful candidates will always be controlled at low levels…this time it was just under 15% of all those who appeared…that’s 1 in 7 passing…some centres it was 1 in 12….and when I talk to practising CAs they complain of a shortage of professional staff !…so what’s with the Balance !….if the objective is to preserve or up the worth of a CA by limiting the number of successful candidates,it may just end up in CA being seen as a Worthless Option !…Ask the Youngsters