Tag: Engineering

  • Single word sentence that changed me

    It was year 2000, I was doing my Engineering away from home. This session was stressful; I had never failed in any academic exam until that year. I failed in one subject of my engineering. The result was about 5% for that subject for our batch – across the university. There were various discussions on the results in University, colleges and among students. Some toppers or top 10% student have also failed in the exam. Disclaimer: I was not a topper during Engineering. Once, professor who taught, set paper and evaluated the subject had openly said in classroom – “I had passed few students because I knew their parents!” It was a shock to many.

    The above mentioned was kind of first of my academic failure. Though one was inability to make it to IIT, however it was mixed feeling that time, as I had made it to State Pre-Engineering test (with rank). There are shocks and failures that teach you biggest lessons in life than any success.

    Single word sentence that changed me

    With the grievance, I went and spoke with a professor of our department. He was also aware about the whole incident of this particular subject, exam, teacher and batch. I was immature, outspoken and outraged. When you are away from home, no family support and just crossing your teens, you may become very aggressive or meek. The young age also gives you extra bit of adrenaline. With full of anger, I spoke with him– “<a lot of story>. Does the institute want me to ask my parents to come and network with professors? They are also teachers; they too have responsibility of teaching students to make their future. I never failed, had been a bright student academically, who is responsible for this result? How can I secure only 22 marks when my mathematical equation based solution worth 20 marks was correct? Who is responsible for this?” I was venting out like anything!

    He heard me carefully, looked at me patiently, and responded – “Situations!” This one word sentence I don’t know how, made an immense impact on me. Probably, the reason was not that one sentence alone, it was the countenance, the manner, care and concern. It was said with compassion that made the difference. That one word resonated with me for a long time. Perhaps, it is difficult to understand what I am saying, however this interaction left a mark on me.

    Lesson for life

    We get carried away by results, we many a times, consider ourselves something probably we are not. In this particular case – I thought of myself as a failure, though I was not. There were circumstances where someone fail, that does not prove that the person is a failure. It is like seeing a steam of water flowing. You be an observer, water keeps on flowing, as Lao Tzu said – “…grass grows by itself.” Our life situations are like this, most of the times we get carried away, the way I was. We get wet in the stream of water. However, when we become an observer, our perspective and paradigm changes for many things.

    Our problem is that we get carried away by people, situations, results and many things around us. These things make us vulnerable. When we become an observer life changes multifold. My professor’s answer “situation” somehow changed my paradigm of thinking. It was difficult to understand what has changed within at that time, now when I look back I realized that one answer changed me and involuntarily made me an observer, that time I had not practiced any meditation either, that one word somehow moved me towards spirituality.

    I did not apply for revaluation; I had lost faith in the examination system – where a teacher wanted my parents to network, rather than me study or teacher doing his duty diligently. Next semester I passed the subject, which had to happen anyway. The biggest positive for me was I became mindful, spiritual and aware.

  • Trust, PNBFraud and Cryptocurrency







    It was a monthly routine of some of my friends of our engineering days that can explain one Professor Mankad’s statement – “Money is what is accepted as money”. Some of my friends, used to be penniless for last one week to ten days every month. Possibly it is a common phenomenon of current generation students. So for about last ten days these friends of ours used to borrow from us. A couple of times I gave, returns used to be few and far between. I and few other “venture capitalists” stopped lending these friends. In these trying times, the borrower friends came up with an idea – whenever the received a cheque (rarely demand draft) – from home it used to take three or more days to realize those – they used to borrow against it.

    Let me try to explain it with example, say Neerav got a cheque of INR 2500 from home, he will show that and borrow money (say INR 1000) from Yogesh and possibly INR 1500 from Pravin and another INR 1000 from Prateek. Now Neerav has borrowed INR 3500 against a cheque of 2500. All of the lenders used to be under an impression that within next five days or so we will get our money back as Neerav has got INR 2500. We used to accept that cheque as guarantee of timely return. “We” accepted cheque in “Neerav’s name” as a money. Thankfully none of the Neerav’s defaulted on our outstanding.

    We have been living in a very nicely woven cobweb of currency and economy for at least last two centuries. Currency and thus “money” is the biggest fraud happening around us. Be the gold standard (relatively better method of “value”) to fiat currency. What is money? The question Professor Mankad asked us in our MBA class about 8 years back is still very relevant and I have been revisiting it time and again. When he asked such question, we started answering coin, currency notes etc etc. His one line response was – “Money is what is accepted as money”. Yes that is true, money is what is accepted as money, as we used to accept cheque without known Neerav has kind of pleaded same cheque to 5 different lenders!

    Bitcoin logoEarlier, I wrote on trust as a foundation – Currency for the future. QUOTE from there Let us flip the coin and say “Trust” is the currency. What would happen? Those who have hoards of currency may be the most bankrupt people on the earth. Perhaps, a business of trading of trust would start (Bomday Trust Exchange or National Trust Exchange). Would the world be a different place then when currency would be mutual trust (well not necessarily Mutual such as DLF and Robert Vadra. UNQUOTE. This I wrote in 2012, at that time Cryptocurrency (example bitcoin) was not commonplace – well even I did not know about it. I had a different measure and calculation for the currency – money what is it?

    However, lesser than the intangible concept of Trust that I thought, we have a better believable system evolving these days – cryptocurrency. If we keep on seeing the meltdown of 2008, NPA frauds of India and many other such scams from the politicians and their accomplice etc. we will soon accept the bitcoin or other such more reliable systems for transactions. Crypto is putting pressure because administrations and regulatory authorities will lose control on the economy. With the control also they are not making any good; at least if we see India – a former FM and his son facing trial but our system is unable to conclude the trial or many scammers settling out of India.

    I am bit hopeful on blockchain, it is more reliable (difficult to fudge) and open as against the lenders like Punjab National Bank who can decide on their fancy on the money of other depositors. Blockchain is the way for not only currencies but for many other things including contracts and agreements. Hopefully then we will have a more balanced society and “trust” as digital money. Only fear is these “connected” bureaucrats, politicians and their page 3 friends, clique will first get their ill gotten money put in these digital currencies and probably try to make it murky too.

    Disclaimer – story of engineering days is authentic, names of my friends are changed, I didn’t have any batchmate in Engineering named Nirav.