Tag Archives: Children


Parenting: My personal Space

My personal space

It is often seen that children are given instructions throughout the day from one source or the other. In educational institutions their time tables are fixed and they are required to follow the instructions of tutors. At home they are required to follow the instruction of parents throughout the day. Every time such questions are asked ,”Where are you Tom ? What are you doing? I told you to do this. First finish off this then do something else. Tasks are ready for them to perform one after another.

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Bhag Milkha Bhag (meaning Run Milkha Run) – Movie Review

Bhag Milkha Bhag

It is a movie inspired by the life of Milkha Singh . Milkha Singh is a veteran Indian athelete. Milkha Singh has won several medals for India in events such as Asian games, Olympics etc. He was given the title of ‘Flying Sikh’ by Pakistan’s then president Ayub Khan after winning an athletic event held there.

It is a movie of racing ones dreams and fulfilling them with determination. Milkha Singh’s life was full of hardships and struggle. Inspite of all this he struggled to fulfil his dreams and reached to the top.


Farhan Akhtar (Milkha Singh), Sonam Kapoor, Prakash Raj, Rebecca Breeds, Meesha Shafi, Divya Dutta.

Produced and Directed By:

Rakeysh Omprakash Mehra.


• Inspires one to chase ones dreams
• Inspires one to move ahead inspite of all the challenges posed by life
• Journey to the top is lonely and is full of sacrifices

Violence: Few violence scenes are there
Can watch with family: Yes
Intimacy scenes: Yes
Objectionable scenes: Adult intimacy is there
Suitable for age groups: All age groups
Family Values: *****
Language: Hindi, Punjabi(occasionally),English(occasionally)
Ratings on motivational part: *****

Ratings :
***** Excellent
**** Good
*** Average
** Ok-Ok


Help your children find their purpose in Life- A Viewpoint


Real happiness is found when we have a purpose in life and we are moving forward towards that purpose.

As long as we are on the journey and are moving each step forward towards the fulfilment of our goal or purpose, we are happy.

If the purpose is not there or we are not clear about our goals or there is confusion in our minds we don’t find real happiness and are lost in life. So, we need to prepare our children to find their goals and purpose in life. Once they are on the track they won’t have much distractions and will be focussed and purposeful.

With purpose and goal comes the will to work hard and achieve it. When we have a purpose we are ready to put the best of our effort .When the goals are not clear, we don’t know on which path we are moving , each step requires lot of effort from our side, each step seems to be very tiring and drenching . So, where is the question of putting the best effort in this case???

Always encourage your children to dream big in life and move high in life. It is well said that ‘Great Things’ were achieved by people who first dreamt big. Letting your children dream and letting them take the flight of their dreams is very important. This will give them a sense of fulfilment in life and in the end of life they will live a peaceful and satisfied life.



Make your children financial savvy-Part II


Q2.What is a recurring deposit ?
I am 12 years old . I want to start a recurring deposit of Rs.1000 in a bank.The interest rate is 8% per annum compounded quarterly. How much will I get after 5 years?


Recurring Deposits are a special kind of Term Deposits offered by banks which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account. It is similar to making FDs of a certain amount in monthly installments.


Maturity Value = P*((1+R)^N-1)/(1-(1+R)^(-1/3) )

Amount invested each month, P = Rs. 1000

Rate of interest ,R = 8%

Compounded Quarterly ,therefore rate of interest would be
R = 8% ÷4 = 8/400 = 0.02

Number of quarters over the duration of 5 years,
N = (5 X 12 months) ÷ 3 = 20 quarters.
Maturity Value=1000 * ((1 + 0.02 )^20 -1) / (1- (1 + 0.02)^(-1/3))

For Ms Excel type = 1000 * ((1+ 0.02)^20-1)/(1-(1+0.02)^(-1/3))

When you press the enter key you will get
Maturity value= Rs. 73861.87

Q3.What is inflation? My family’s expense is Rs.10,000 or $10,000 per month. At the inflation rate of 2% , how much will be the purchasing power of this amount after 10 years?


Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. With the rise in inflation , every dollar or rupee you own will buy a smaller percentage of goods or services.

The value of a rupee or dollar does not stay constant when there is inflation. The value of a rupee or dollar is observed in terms of purchasing power, which is the tangible goods that money can buy. The purchasing power of money goes down with increase in inflation.

For example, if the inflation rate is 3% annually, then theoretically a $1 or Re.1 chocolate will cost $1.03 or Re.1.03 in a year. After inflation, your rupee or dollar can’t buy the same goods it could beforehand.

Reduced Amount = Present Amount / (1+ inflation rate) ^ Number of years

= 10000/(1+2%) ^ 10
= Rs 8203 or $8203


Make your children financial savvy – Part I


We should make our children learn to handle finances early in life. Open a personal account for them in a bank and encourage them to make regular savings from their pocket money etc. Putting the habit of saving money is very important, it will help them when they grow up as adults. Growing up as spendthrifts hits them in later stages of life.

Teach them all banking operations such as making demand drafts , putting their money in fixed deposits , handling recurring deposit accounts etc.

Let them fill the forms for making demand drafts for education fees etc.

Let them fill in deposit slips and withdrawal slips of their bank accounts.

Teach them everything about managing, investing and saving money.

Some important calculations and formulas that need to be taught to them.
How to use these formulas?

The calculations can be done manually or on MS excel worksheet using ‘=’ sign before the calculations.

Q.1 I want to invest Rs.50000 in a bank fixed deposit for 5 years at 9 per cent interest per annum. How much will I get on maturity?

When money is put in a fixed deposit for a certain period, the final amount needs to be calculated using compound interest formula. The interest earned is a fixed percentage per annum but banks usually compound it every quarter. You get more from quarterly compounding than from annual compounding.


You need to check the terms and conditions with your bank to find out what kind of compounding is done i.e. whether annual compounding or quarterly compounding.

Maturity Value = P * (1+ R% ) ^ N

In the above case ,
Amount Invested i.e. Principal amount ,P = Rs.50,000
Rate of interest per annum ,R = 9%
Time duration in years , N = 5 years.

Case 1

: For annual compounding :
Maturity value = P * (1+ R% ) ^ N
= 50000 * (1 + 9% ) ^ 5
= 76931.19775


: For quarterly compounding :
The above formula is modified to:
Maturity Amount = P * (1 + R% /4) ^ (4 * N)
= 50000 * (1 + 9/400) ^ (4*5)
= Rs 78025.46

To calculate using Ms Excel use the formula as =50000*(1+9%/4) ^ (4*5) and press enter key once you have entered the formula.(don’t forget to put ‘=’ sign in front of the formula)


‘ * ‘ Operation stands for multiplication
‘ ^ ‘ Operation stands for ‘raise to the power’


Which Board to choose for children -CICSE OR CBSE


You can go through the following information and choose which ever board suits your needs

CICSE(Council for Indian School Certificate Examination) versus CBSE(Central Board of Secondary School Examination)

•All the national level entrance exams such as IIT-JEE(Joint Entrance Examination),AIEEE(All India Engineering Entrance Exam),AIPMT(All India Pre Medical Exam) are based on CBSE syllabus while international level exams such as SAT,TOEFL are based on CICSE syllabus .

•In higher classes children find it difficult to shift from CSBE to CICSE while shifting from CICSE to CBSE is easier.

•CBSE has more compact syllabus as compared to CICSE. It is seen that number of subjects for which exams are conducted is more in CICSE than in CBSE.

For eg. A child who took 6th standard CICSE exam wrote 13 subjects-English, Environmental Science, History+Civics , Geography , Physics , Biology , Chemistry , Mathematics ,Hindi ,General Knowledge.

7th standard CBSE student wrote 6 subjects: English , Sanskrit ,Hindi , Science , Mathematics ,Social Studies.
(History ,Civics ,Geography fall under Social Science while Physics, Chemistry and Biology fall under Science. ) Environment study is optional in CBSE.

•CBSE has more objective type questions and is application based and prepares children for national level exams.
CICSE has more of projects in curriculum which helps to develop analytical thinking.

•CISCE- conducts three examinations:
Indian Certificate of Secondary Education (ICSE-Class 10th)
Indian School Certificate (ISC-Class 12)
Certificate in Vocational Education(CVE-Class 12)
CBSE – conducts two exams
All India Secondary School Exam AISSE(Class 10)
All India Senior School Certificate Exam, AISSCE ( Class 12)

•Most of the parents in earlier classes put the children in CICSE so that their base becomes strong and then in higher class shift them to CBSE or State board so that they are at an advantage and get better scores.

•CICSE syllabus is recognised in many foreign schools and universities while CBSE is well recognised within the country.

•In CICSE more emphasis is laid on English as compared to CBSE.

•If the parents have transferable jobs then it is better to put the children into ICSE or CBSE .If the transfers are restricted to metros or urban areas then any of the two boards will do. But ,if transfer involves tier-2 cities it is better to choose CBSE syllabus as CICSE schools are rare.