FARIDABAD CHAPTER

FbdCS e-Newsletter April - 2012

15th Issue

Faridabad Chapter Of NIRC Of ICSI

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA

SHOP NO. 106, VARDHMAN MALL, SECTOR – 19, FARIDABAD – 121002

Contact No.: 9136606601-5

Website: www.icsi.edu/Faridabad

Email Address: icsifbdchapter@gmail.com

PROPOSED OVERVIEW OF FARIDABAD CHAPTER BUILDING

For Private Circulation Only

The Journey Towards Excellence Continues...

FARIDABAD CHAPTER

FbdCS e-Newsletter

April - 2012 15th Issue

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GLIMPSES APRIL 2012

Professional Development Program held on 15.04.2012:

Management Committee Meeting:

Management Committee Meeting held on 22 April, 2012

Mr. Vinit Sikka, addressing PDP Participants

Mr. N.K. Goel, addressing PDP Participants

Group photograph of PDP Participants along with Mr. N.K. Goel

FbdCS e-Newsletter

April - 2012 15th Issue FARIDABAD CHAPTER

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Glimpses April, 2012

From the Desk of Chapter Chairman

From the Desk of Secretary & Chief Editor

Topper’s Speaks Mr. Somil Agarwal

Mentoring Mantra Judge

Women In Corporate board

Article Revised Schedule VI

Article Stress Management

KYC KMP Expressway Highway

PDP A Report

Bouquets & Brickbats CS Fraternity

************************************************************

Chief Editor CS N. K. Goel

************************************************************

For past editions of FbdCS e-newsletter:

http://www.icsi.edu/faridabad

For updation of contact details of yours and your CS

friends, send e-mail at:

icsifbdchapter@gmail.com | Faridabad@icsi.edu

Disclaimer: ************************************************************

Views and other contents expressed or provided herein need to

be construed as views of the individual. The readers are ad-

vised to take all the precautions while initiating any activity on

the basis of thoughts expressed herein. Faridabad Chapter do

not owe any responsibility.

CONTENT FROM THE DESK OF CHAIRMAN

Dear Friends,

“We cannot escape the responsibilities of

tomorrow by evading today”

Abraham Lincoin

It is my proud privilege to address my CS Friends

on the eve of May Day, the day celebrated as the

International Workers Day, as it is the celebration

of right and solidarity of workers and employees.

Summer is arriving at our doors soon. Despite a

timely start, there have been a lot of irregularities in

our climate in the recent past and this appears to

be alarming. Somewhere our irresponsible and

noncommittal attitude towards our existence as

well as our atmosphere, towards our heritage as

well as our future, and towards our sense of right-

eousness as well as the forbidden is responsible

for all such critical existences. If we continue with

such attitude, we may invite larger environmental

crises in our lifetime.

Once Shri Morarji Desai, the then Finance Minister

quoted that, “…for safeguarding our own independ-

ence and liberty, we have got to provide some

checks which automatically do not allow independ-

ence and liberty to be misused…Anybody who

misuses power loses it; otherwise democracy is not

maintained….”

I know one thing: our curriculum has taught us to

be ethical and responsible. And I am sure, we will

be able to build a better and secure time for our

next generations to come.

I had the onerous privilege to address you through

this column, as well as in the programmes

organized by the Chapter. You will appreciate that

CS Vinit Sikka

Mobile No. 9871664440

E-mail: sikkavinit@yahoo.co.in

FARIDABAD CHAPTER

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April - 2012 15th Issue

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we have tried our level best to provide best of services. The Chapter has taken several initiatives and organizing

multiple seminars on subject of wide professional interest. I cordially invite all of you to attend and participate in

these programmes in large number and make them a grand success.

Friends, I request you to give your valuable suggestions for improving the services of the Chapter. I also request

you to suggest the topics/subjects on which you want seminar or conferences to be organized. This will certainly

help us in serving you better.

Wishing you all the best for wonderful time ahead!

With Best Regards,

Vinit Sikka

Chairman

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April - 2012 15th Issue FARIDABAD CHAPTER

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FROM THE DESK OF SECRETARY AND CHIEF EDITOR

CS N. K. Goel

Mobile No. :-9811322076

E-mail- nkgoel@jbm.co.in

kao ih Baar: samaqaa-naaM ikM dUrM vyasaaiyanaama .

kao ivadoSa: saivaVanaaM k: pr: ip,yavaaidnaama ..

“Able persons never get subdued. Persons will-

ing to work hard can get anything and everything.

Intellectuals are always honoured worldwide and

smiling faces do not have territorial boundaries

and for them no country is a foreign country”

In the present era, technological advancements have

came out as revolution in disseminating knowledge

and information. Your Faridabad Chapter has always

been proactive to provide latest and flexible learning

opportunities and modes to its members and students

to update their skills and competencies to cater to the

needs of the professional world. Recently, your

Faridabad Chapter has organized Budget seminar for

the benefit of the members and students. We are sure

that this seminar has certainly enriched the members

and students on respective topics.

Looking into the growth of the Indian Economy, the

expectations of the various Government Authorities

and the Society from our profession has increased

and thus we have to update and sharpen ourselves

on regular and continuous basis. In order to meet out

such expectations your Faridabad Chapter is organiz-

ing various programmes from time to time.

INFRASTRUCTURE

Chapter Building

Infrastructure is the back bone of development. Suc-

cess of every country depends upon the infrastructure

available. Profession also can not remain aloof of this

development. To serve in a more effective way, chap-

ter needs to develop in-house infrastructure. We are in

the process that our Chapter has its own Chapter Building

soon.

ACKNOWLEDGEMENT

It seems like yesterday when we launched our own

Newsletter. Despite its myriad challenges, the journey so

far is a happy and fulfillment one – made possible by

many of you who have contributed in various issues of

Newsletter. It is therefore, I believe, the right time to say

thank you to our well-wishers and our contributors. We

hope to remain deserving of your support, goodwill and

candid feedback to achieve bigger and better things going

forward.

As team Faridabad, we are committed to provide better

services to the members as well as students. You are re-

quested to kindly forward your views and suggestions for

the effective working of the Faridabad Chapter and best

services to the members and students.

Before I conclude, let us remind ourselves that knowing in

not enough; we must simplify the knowledge and apply it

to the fullest satisfaction of our clients and other stake-

holders. Knowledge is a process of piling up facts; wis-

dom lies in their simplification with creativity. Technical

skill is the mastery of complexity, while creativity is the

mastery of simplicity.

With all the very Best

N.K. Goel

Secretary & Chief Editor

FARIDABAD CHAPTER

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April - 2012 15th Issue

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TOPPER’S SPEAKS MR. SOMIL AGARWAL

Somil Agarwal

Somil Agarwal has qualified all groups of CS final in

December 2011. He is a Bachelor of Commerce from

Delhi University and an Associate member of Institute

of Chartered Accountants of India.

A set of questions were asked to Mr. Somil Agarwal.

The questions & their responses are appended below

Q. How do you feel after passing CS Professional

Examination in first attempt? How do you visual-

ize your success?

A. The success I have achieved in the CS exams re-

affirms my faith in my abilities and is the fruit of the

hard work I put in for achieving it. It has tremendously

boosted my confidence and assisted me in the facing

the stark realities of the Professional World. It feels

like another feather in my cap and strengthens me to

face many more challenges in future as I enter into

the real world i.e. the professional world.

Q. How did you prepare for the examination?

A. I owe my success to the continuous guidance I re-

ceived from my elders and seniors enlightening me

with keys to success. The main focus of their advise

was :-

Regular studies.

Planned Approach.

Repeated Revisions.

Attempting test papers in examination mode

for proper evaluation.

Q. Please tell us about the contribution of study

materials, student’s bulletin, suggested answers

& various test papers in your success.

A. Study materials along with reference books helped

me in acquiring knowledge with appropriate depth and

coverage. Student bulletin kept me updated in the dy-

namic professional scenario. Suggested answers and

test papers helped me to become familiar with the pat-

tern of exams.

Q. How have your family members have contributed

to your success?

A. The continuous guidance and support given by my

family members, kept my spirit alive and their encour-

agement kept me in a positive frame of mind. The trust/

confidence they have shown in me and their vision of

my future are the key to what I am today.

Q. And finally what advice you would like to give to

the other CS Students?

A. Persistence, diligence and hard work always pay.

Adopt these traits to become a successful professional.

Believe in yourself and never fear failure. Bounce back

harder than you are hit. I wish all the CS students lots of

success in their future.

FbdCS e-Newsletter

April - 2012 15th Issue FARIDABAD CHAPTER

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MENTORING MANTRA JUDGE

Once upon a time there was a painter who had just

completed his course. He took 3 days and painted

beautiful scenery. He wanted people’s opinion about

his caliber and painting skills.

He put his creation at a busy street-crossing. And

just down below a board which read – “I have

painted this piece. Since I’m new to this profession I

might have committed some mistakes in my strokes

etc. please put a cross wherever you see a mis-

take.”

While he came back in the evening to collect his

painting he was completely shattered to see that

whole canvas was filled with crosses (Xs) and some

people had even written their comments on the

painting.

Disheartened and broken completely he ran to his

master’s place and burst into tears.

This young artist was breathing heavily and master

heard him saying “I’m useless and if this is what I

have learnt to paint I’m not worth becoming a

painter. People have rejected me completely. I feel

like dying”

Master smiled and suggested “My Son, I will prove

that you are a great artist and have learnt flawless

painting. Do as I say without questioning it. It WILL

work.”

Young artist reluctantly agreed and two days later

early morning he presented a replica of his earlier

painting to his master. Master took that gracefully

and smiled.

“Come with me.” Master said.

They reached the same street-square early morning

and displayed the same painting exactly at the same

place. Now master took out another board which read –

“Gentlemen, I have painted this piece. Since I’m new to

this profession I might have committed some mistakes

in my strokes etc. I have put a box with colors and

brushes just below. Please do a favour. If you see a

mistake, kindly pick up the brush and correct it.”

Master and disciple walked back home.

They both visited the place same evening. Young

painter was surprised to see that actually there was not

a single correction done so far. Next day again they vis-

ited and found painting remained untouched. They say

the painting was kept there for a month but no correc-

tion came in!

Moral of the Story:

It is easier to criticize, but DIFFICULT TO IMPROVE!

So don’t get carried away or judge yourself by

someone else’s criticism and feel depressed….

JUDGE YOURSELF! YOU ARE YOUR BEST JUDGE

Khem Chand

E-mail Id. : cskhem@gmail.com

Mobile No. 9891643466

FARIDABAD CHAPTER

FbdCS e-Newsletter

April - 2012 15th Issue

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WOMEN IN CORPORATE WORLD

Women on Corporate Boards Makes Good

Business Sense

Women have been perceived as the homemaker and

have been expected to place their careers on the

back burner. Thankfully, these outworn modes of

thinking are falling by the wayside. More and more,

women are achieving their professional goals, and

making vital contributions in the success of individual

businesses and the overall economy. The playing field

is still not completely level between women and men.

Even today, the reality is that women still need to bal-

ance their work and domestic responsibilities to a far

higher degree than men. This requires that the ability

to manage time and set priorities be even more devel-

oped.

Women in the workplace, then, can find themselves

facing a dilemma: How to be a dedicated and hard-

working employee. Women have made great strides

in recent decades, but there is still a long way to go

until parity is reached with males. With few excep-

tions, corporate boards of directors have historically

been composed of males, that is changing, albeit

slowly. This information prompts us to ask why there

are so few women on major company boards when ap-

parently there is an interest in increasing the number?

There is no shortage of women ready, willing and able

to fill board seats, If a company wants a woman board

member, it has to look for one, which is what boards

with women have done.

Unfortunately, women with education, expertise and

track records that qualify them for board membership

remain at a disadvantage when competing with men. In

part, this is because those who make board appoint-

ments tend to look at candidates within their own per-

sonal and professional networks. These networks his-

torically have not included women; thus there are few or

no women on their radar screens. While search firms

include women in their director candidate pools, the dis-

advantage remains because doing business with senior

executive women is still a new experience for many

men in client companies, and there is a subtle comfort

issue that can’t be ignored. While unspoken, this is a

major reason men prefer to have men on their boards.

Due to the discomfort and confusion men experience

working with women in other than traditional support

roles, female board candidates are frequently subjected

to “competency testing.” Competency testing means

women have to prove themselves over and over again

by meeting a set of criteria which their male competitors

need not to meet. As important, women have to make

sure those making board selections are comfortable

with their style as well as convinced of their compe-

tence.

If, as has been stated above, it makes good business

sense to have women on boards, what is meant by

“good business sense?” Good business sense means

taking into consideration the following:

Knowledge of the labor pool;

Knowledge of new and growing markets;

Interest in improving corporate governance; and

Sweety Chaudhary

E-mail Id.:- cssweety02@gmail.com

Mobile:-7838775161

FbdCS e-Newsletter

April - 2012 15th Issue FARIDABAD CHAPTER

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the tracking of revenue and profit, i.e. attention

to the bottom line.

The Labor Pool Argument

Women are in the workplace to stay, and many want

careers, not jobs. If firms are to recruit and retain

skilled employees, corporate managers and future

executives, they must consider women as an impor-

tant part of their labor pool. Women are being trained

for, and aspire to, senior level positions. They no

longer are content to occupy staff positions that don’t

lead to important line experience. So it follows that

paying attention to the best and brightest women

(since they constitute a growing percentage of the

labor pool) is important. Conversely, when potential

female employees and key existing employees see

no woman on a board, it raises questions about the

corporate culture and a woman’s chances for ad-

vancement.

The Market Argument

Today, women constitute a major part of most con-

sumer markets, and it is growing as more and more

women assume responsibility for consumer purchas-

ing in the home and car markets. Yet, their needs

and preferences are still frequently overlooked be-

cause their voices are not heard. In the professional

legal and financial services field, too often it is as-

sumed it is men who make the major financial and

legal decisions. While banks and law offices are be-

ginning to pay attention to the female market, their

boards often don’t reflect their customer base.

Clearly, board members don’t get involved in day-to-

day marketing and sales decisions. However, the

presence of a woman on a board makes it more

likely, than not, that frequently overlooked female

market issues will be identified and addressed.

The Governance Argument

Perhaps the strongest argument for having women

on corporate boards is that their presence often im-

proves corporate governance. Women board mem-

bers have said their presence changes the conversa-

tion, not only do racist language and jokes disap-

pear, but the number and type of substantive issues

which are considered is broadened. Women are accul-

turated differently from men, they tend to listen more

and see problems and solutions differently from their

male colleagues.” In many ways this expands and en-

hances board discussion and deliberation.

These findings suggest a strong link between female

members on boards and good-governance credentials.

The researchers found that more female than male di-

rectors:-

pay attention to audit and risk oversight and con-

trol;

tend to consider the needs of more categories of

stakeholders and

tend to examine a wider range of management

and organizational performance.

The Bottom Line Argument

Companies with the highest percentages of female ex-

ecutives delivered earnings far in excess of the median

for other large firms in their industries..

Conclusion:-

It is hard to ignore the evidence that putting women

on boards makes good business sense. Doing so is

consistent with the nature of the labor pool, the im-

portant female marketplace, the need to improve

corporate governance, and the ever-present com-

petitive requirement to increase revenues and

profits.

FARIDABAD CHAPTER

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April - 2012 15th Issue

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Revised Schedule VI

“The Revised Schedule VI has introduced several

new concepts and disclosure requirement for finan-

cial reporting and it has also done away with several

redundant statutory disclosure requirement “

Schedule VI of the Companies Act, 1956 which defines

the Financial Reporting framework for Indian companies

has been amended last year by the government vide

notification dated 28 February 2011.The Ministry of cor-

porate Affairs (MCA) had revised schedule VI compa-

nies act, 1956 and notified the same on 1st march 2011.

The refreshed schedule VI shall apply to all companies

from 1st April 2011 onwards.

The revised schedule VI introduce many new concept

and disclosure requirements and does away with several

statutory disclosure requirement of the existing Schedule

VI. The New schedule VI is as per the currently in use non

-converged accounting standards as under Companies

(Accounting Standards) Rules, 2006.

Impact of Revision in Schedule VI

“The Revised Schedule VI is based on existing ac-

counting standards and not on Ind AS & is therefore,

all applicable on all companies.”

The Revised Schedule VI intends to familiarize with

Ind –AS/IFRS by using certain concept such as cur-

rent/non-current classification.

The Revised Schedule VI has eliminated the con-

cept of schedule and such information will now be

provided in the notes to accounts

From now on the compliances requirement of Act

and/or Accounting standards will prevail over sched-

ule VI.

Better presentation, disclosure is intended to facili-

tate better organized data for users of financial

statement.

ARTICLE REVISED SCHEDULE VI

CS Riya Modi

E-mail Id:- riyamodi.cs@gmail.com

Mobile No. 9210301096

SOME MAJOR CHANGES IN SCHEDULE VI

OLD SCHEDULE VI VS. REVISED SCHEDULE VI OF THE COMPANIES ACT, 1956.

Basic of difference Old Schedule VI Revised Schedule VI

Net Working Capital Requirement

current assets and liabilities are shown under the head APPLICA-TION OF FUNDS and the Net work-ing Capital appears in the balance sheet

There is no head of APPLICATION OF FUND and the assets & liabilities to be shown under the head Current and Non-current only. Hence Net working capital will not appear in the B/S.

Fixed Assets There was no bifurcation requirement in tangible & intangible assets

Fixed assets shall be shown under the head NON-CURRENT ASSETS and have to bifur-cated in to TANGIBLE & INTANGIBLE ASSETS

Investment both the current & Non-current invest-ment was under the head of Invest-ment only

Current and Non-current Investment shall be disclosed separately under the Current & Non-Current assets

Borrowings All short term & long term borrowings are grouped under the head of Loan and sub-grouped by Secured and un-secured only.

Short term borrowings to be shown under Cur-rent Liabilities and Long Term borrowings to be shown under Non-Current Liabilities under sub-group of Secured & Unsecured

Loan & Advances Loan & advance are disclosed along with Current assets

Loan & advances shall be divided in to two parts i.e. LONG TERM & SHORT TERM AND to be disclosed under Current and Non-Current assets Heads respectively.

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April - 2012 15th Issue FARIDABAD CHAPTER

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Profit & Loss (Dr. B/L)

P & L Dr. balance to be shown under the head of Miscellaneous Expenditure & Losses.

Dr. Balance of P & L to be shown UNDER THE HEAD RESERVE & SURPLUS ONLY

Sundry Creditors Creditors to be broken up into small & macro suppliers and other creditors.

All creditors has been termed as TRADE PAY-ABLES ONLY.

Other Current Liabilities

No specific discloser for Current Maturi-t i e s o f L o n g T e r m d e b t . No separate discloser of current maturi-ties of Finance Lease Obligation

Long term current maturities debt to be dis-closed under OTHER CURRENT LIABILITIES. Current Maturities of Finance Lease Obligation to be separately disclosed.

Deferred Tax assets/ Liabili-ties

Deferred Tax assets and liabilities to be separately disclosed.

Deferred Tax Assets/ Liabilities to be disclosed u n d e r N O N - C U R R E N T A s s e t s / Liabilities as the case may be.

Cash & bank Balance

Bank Bal to be bifurcated in to two parts Scheduled Bank( Schedule -2 of RBI) & Others.

Earmarked Bank Balance held as margin money against borrowings/ deposits with more than 12 months maturity, each of these to be shown separately.

Finance Cost Finance cost to be classified in fixed loans & other Loan

Finance cost shall be classified as INTEREST EXPS, other borrowing costs & gain / Loss on foreign currency transaction & translation.

DROPPED DISCLOSURES

Part IV Balance Sheet Abstract and Company’s

General Business Profile

Part VI of the erstwhile schedule VI comprising de-

tails of company registration number, c a p i t a l

raised, Balance sheet details, products etc. which

was required to be attached to t he f i nanc ia l

statements is no longer required under the revised

schedule VI.

Managerial Remuneration

Disclosure requirement related to managerial Re-

muneration/commission along with the d e t a i l e d

calculation under section 198 of the Companies Act

has been removed from Schedule VI.

Tax Deducted on Interest, Royalty Received etc.

There is no need for disclosure relating to the

amount of tax deducted on the amount of Interest,

Royalty etc. as per revised Schedule VI.

Miscellaneous Items

Further, disclosure required as per the Erstwhile

Schedule VI for the following items has been re-

moved under the Revised Schedule VI.

Details relating to Names/Balances/Maximum

Amount etc. in Non Scheduled Banks.

Information on Investments purchased and sold

during the year.

Investment, sundry Debtors and Loans & Ad-

vances pertaining to companies under the same

Management.

Commission, brokerage and Non-trade disclo-

sure.

Conclusion

The extend of changes made in the Revised Schedule

VI is path breaking and is in the right direction. Better/

Greater/Qualitative disclosures in the financial state-

ments are the need of the hour and the regulator has

taken the right step in this direction. In the global envi-

ronment where the disclosure is a dominant factor in

the financial statements, greater and transparent disclo-

sures in the financial statements are not only going to

enhance the investors’ confidence but also heighten the

level of comfort amongst the international community.

Tough the changes in the IFRS consideration in totality,

the Regulator have taken a right and bold decision in

this front. The experience gained in implementation of

the Revised Schedule Vi would certainly help in fine

tuning the disclosure requirement in future and enhanc-

ing the quality of the financial reporting framework.

FARIDABAD CHAPTER

FbdCS e-Newsletter

April - 2012 15th Issue

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Stress Management

Twenty first century is the age of globalization, cut

throat competition and the mad Rat race. During this

rat race, silently an anti human element has deep-

ened its roots and has already attacked almost 70 %

of the mankind.

Yes, you are absolutely right. I am talking about a dis-

ease which is even more dangerous than HIV and

cancer, the root cause of various dangerous diseases

like hyper tension, depression, heart attack, brain

hemorrhage. “The STRESS”. It seems that Stress has

become a part of every one’s life and no one is

spared from its deadly clutches, irrespective of the

gender or age. Stress affects each and every individ-

ual at one stage of life or other.

Earning bread and butter in this competitive world is a

mind-numbing and intricate job. The fight for the Sur-

vival in this spirited world results in hectic work sched-

ules, sleepless nights and the pressure to be the best

among the rest. This intense pressure of work sched-

ules, deadlines and competition creates stress and to

add on to the pressure, drawing balance between the

professional and personal life is a massive problem

for almost every working professional.

Women are at no mercy, managing househod works,

budgets, saas-bahu problems, preparing her children

to fight in this cut throat world for a dazzling future, is

not an easy task and if she is working, which is very

much in vogue these days, then one can’t even imag-

ine the stress levels she goes through, And if anything

is still left, please do not forget our “Stress Queen -

Ekta Kapoor” who adds more stress through her emo-

tional melodrama in daily soaps.

Gone are the days of happy-go-lucky childhood. Child-

hood is no longer a fun now; in fact I believe that chil-

dren are the biggest victims of Stress. Cut-offs have

reached acme and so has the expectations of parents

and society. As a consequence, the day of exam results

has turned out to be a judgment day and has no longer

remained a casual result day. In order to survive in this

competitive world, children have to pass through oodles

of stress. The immense pressure imposed by the teach-

ers and the parents on the students to excel in all fields

are actually killing their childhood and in some cases

killing them as well. The number of cases of depression

and hyper tension amongst children has gone up rap-

idly in the past decade. Thanks to god that I am not a

child anymore.

Stress Management

I think I have penned enough on Stress, now it’s time to

discuss about stress management. Many renowned

people have already expressed their effective tech-

niques on Stress management and I almost agree with

all of them. So now you will be in dilemma that why I am

writing this article? Here I am just trying to analyze this

problem with a “different angle”.

As I have already explained that there could be numer-

ous reasons for the Stress: Work load, Competition, Fi-

nancial Want, Physical disabilities etc. I have broadly

classified the reasons for Stress as under:

Shortage of-

Time,

Resources,

Economic stability,

Social circle, and

Stable life

Shortage of Time is the biggest root cause of the stress.

Deadlines, busy schedules, late night meetings, no time

for family and enjoyment, are the real contributors to-

wards stress. I remember a famous Proverb “All work

and no play, makes Jack a dull boy”. In fact I believe

that it’s the only root cause of the stress. Shocked! As I

ARTICLE STRESS MANAGEMENT

Ankit Khattar,

Company secretary in practice,

Email: ankitkhattar@ymail.com

FbdCS e-Newsletter

April - 2012 15th Issue FARIDABAD CHAPTER

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have already said that there are other reasons for

causing stress as well. Well now this is what I

call, “the other angle”.

Shortage of resources is also a major problem

cause of Stress, but the truth is that many a times

we do not utilize our resources to the maximum

just because we don’t spare enough time to ana-

lyze the optimum utilization of existing resources,

and just get carried away in finding new source of

resources. In fact, many a times we even know

the other source also but we fail to approach that

source at the right time.

Economic Instability is also a big source of stress

but again if we plan our economic future well in

advance and start taking small steps today then

we all can plan a better economic stability for the

future. A very famous book “Rich Dad Poor Dad”

states that people remain in stress for not having

economic stability just because they work for

money only and forget to devote time in analyz-

ing that how money can work for them. Yes, eco-

nomic instability is a big problem but the bigger

problem is the lack of time to plan a stable future.

Social Circle: Now that is a big problem these

days. In this modern era the world seems to be

shrunken up, and so is the social circle. It may

seem wrong to most of you but I am sure that

some of you will certainly agree with me, if I say

that people these days do not actually recognize or

even know their neighbors. Do you expect me to tell

you the reason? Obvious reason is Time again. Giving

time to your neighbors is a forgetful thing, these days

people do not even have time to spend with their fami-

lies, no doubt why divorce cases have shot up like In-

flation these days.

So, you see that Time is the root cause of the stress.

In fact, I must say that lack of time management is the

root cause of stress. Now, you will be thinking that all

other stress management tools are redundant? Well

not exactly, it is really necessary to practice medita-

tion, yoga, inculcating some hobbies and other like

stress reducing techniques, but what I opine is that one

need to be a pioneer in time management first, after all

even other techniques need “Time”.

So, I will conclude with just a small but a very valuable

tip, to manage Stress we must start managing our

Time well. “This time, like all times, is a very good one,

if we but know what to do with it.- Ralph Waldo Emer-

son”. Now what you will look forward to is tips for “Time

management”. Well, in the meantime, manage your

time and have a stress free life and don’t miss my next

Article in the next edition.

FARIDABAD CHAPTER

FbdCS e-Newsletter

April - 2012 15th Issue

14

Kundli–Manesar–Palwal Expressway

Delhi Western Peripheral Expressway, or Kundli-

Manesar-Palwal (KMP Expressway), is 135.6 km

(84.3 mi) long Expressway being constructed in the

Indian state of Haryana. It was planned to become

operational by June 2009 but will not be ready even

partially before second half of 2012. The expressway

will act as a Delhi bypass for traffic coming from north

of Delhi on NH 1 and going to south of Delhi on NH- 2

or west of Delhi on NH 8.

Overview

The 135km long Kundli-Manesar-Palwal (KMP) Ex-

pressway in Haryana (official name Western Periph-

eral Expressway) has been divided into three sections

of 45km each. Four flyovers are being constructed at

places where the expressway crosses national high-

ways, namely, NH 1 at Kundli (Sonepat) where it

starts, NH 10 just north of Bahadurgarh, NH 8 south

of Manesar (Gurgaon district) and NH 2 near Palwal

and State Highway 13 (Gurgaon to Alwar) near Rozka

Meo Industrial Area in Mewat district. Sixteen over-

passes and underpasses at crossings on state high-

ways and major district roads; seven overpasses, nine

underpasses and 27 underpasses at crossings on village

roads; and 33 agricultural vehicular underpasses, 31 cat-

tle crossing passages, 61 pedestrian crossing passages,

four railway overbridges, 18 major and minor bridges,

cross drainage works (culverts) at 292 locations, and two

truck parking and four bus bays will also be constructed

Route information

Length: 135.6 km (84.3 mi)

Major junctions: From: Kundli To: Palwal

Location: States: Haryana

Major cities: Sonipat (Kundli), Gurgaon

(Pachgaon), Mewat (Rozka Meo

Industrial Area), Palwal

Highway system: Indian Road Network

Progress

On 21 December 2010, Haryana Haryana Chief Minis-

ter, Mr. Bhupinder Singh Hooda had an aerial survey of

the Kundli-Manesar-Palwal (KMP) Expressway and re-

viewed the progress of its construction work after that as

per Haryana government construction company as as-

sured that the 53km long stretch of the expressway from

Manesar to Palwal will be completed by March 2011.[2]

However, the stretch had not opened for traffic even by

March 2012 and may not be ready before the second

half of 2012. A meeting chaired by the Chief Secretary of

Haryana on 16 November 2011 recorded that the physi-

cal progress of around 64% had been achieved until the

end of October 2011.

KYC KMP EXPRESSWAY HIGHWAY

CS N. K. Goel

Mobile No. :-9811322076

E-mail- nkgoel@jbm.co.in

FbdCS e-Newsletter

April - 2012 15th Issue FARIDABAD CHAPTER

15

PROFESSIONAL DEVELOPMENT PROGRAMME

Faridabad Chapter of NIRC of ICSI has organized PDP on 15th April 2012 at NIAM Institute of Applied Manage-

ment, Sector-37, Faridabad. Notable among those present in the Session from management committee were

Chairman CS Vinit Sikka and Secretary CS Naresh Goel coordinated the session.

CS Vinit Sikka, while addressing the participants said that the real purpose behind organizing PDP is to equip

prospective professionals with corporate culture and best etiquettes. Speakers for the program were Mr. Vikas

Mehra, CS Naresh Goel and CS Sunil Nagar.

During the PDP, prominent speakers from respective fields deliberated on various topics including Employability,

Interview Techniques and Drafting skills etc. Program was concluded by awarding certificates to the students.

PDP A REPORT

FARIDABAD CHAPTER

FbdCS e-Newsletter

April - 2012 15th Issue

16

Congratulate the Team Faridabad for initiating such a nice & informative

Newsletter, This Newsletter is indeed an excellent compilation of Chapter

News, Views, Information, Articles and other areas of interest. Really a

Great work by the team and good example of team efforts. Keep this up and

thank you very much

Sumit Sharma

Team Faridabad Congratulation, Your e-newsletter is an inspiring one. My

heart felt compliments to you and team Faridabad Chapter. Filled with the

activities, knowledge write ups, articles from Members and Students, photos

and so much...Great Going. Quite motivating also for the students and the

members.

Khem Chand

The E – Newsletter is highly informative with full of knowledge and aware-

ness specially for the professionals.

Swati Chaudhary

I convey my whole hearted gratitude and congratulation to team Faridabad

Chapter for series of wonderful & informative e-newsletters.

Keep it up !

Manish Mendirata

BOUQUETS & BRICKBATS CS FRATERNITY