“Stay focused and don’t try to do too many things at once. Care about execution quality.” –Sam Altman
Adaptability, resilience, and a commitment to continuous learning are qualities that define leaders who create lasting impact. The journey featured in this edition reflects the power of evolving with changing industries while remaining grounded in strong values and purpose. Spanning finance, aviation catering, hospitality, and tourism, it is a story of embracing challenges, nurturing talent, and transforming opportunities into sustainable growth. At its core lies a leadership philosophy built on operational excellence, innovation, and genuine human connection. Through vision, perseverance, and people-centric leadership, a trusted brand has been shaped around quality and memorable experiences. This month’s cover story features Mini Sajan Varghese, CEO of SAJ Group of Hotels & Resorts, and her inspiring journey of leadership and transformation.
This month’s edition features exclusive insights from V.P. Nandakumar, Chairman & Managing Director of Manappuram Finance Limited, in his thought-provoking article, “Mission Mindset: What Space Exploration Taught Me About Financial Stewardship.”
The issue also brings together all your favorite segments, including sports highlights, travel and tourism features, financial perspectives, and a carefully curated selection of inspiring business stories and thought-leadership articles.
“A house without books is like a room without windows.” – Heinrich Mann Joyful Reading!
Photograph
WazirX
Launches Crypto Futures Trading Amid Recovery After $230 M Hack
WazirX has launched crypto futures trading as part of its recovery strategy following the $230 million cyberattack that severely impacted the platform last year. The exchange said the new futures segment offers one of the lowest fee structures among Indian crypto exchanges, with maker fees fixed at 0.02% and taker fees at 0.04%, without requiring users to meet minimum trading volume conditions. Founder Nischal Shetty stated that the initiative is designed to make futures trading more accessible for retail investors by extending institutional-level benefits to all traders. Unlike many international crypto derivatives platforms, WazirX will allow users to trade futures directly using Indian rupees instead of converting funds into stablecoins such as USDT. The company has also introduced a mandatory knowledge test on leverage, margin, and liquidation risks before enabling futures access, while revenue from the platform will support restructuring efforts and creditor recovery plans.
India, South Korea Form New Sub-Groups to Expedite CEPA Upgrade Talks
“Success usually comes to those who are too busy to be looking for it.”
Henry David Thoreau
India and South Korea have agreed to establish dedicated subgroups on digital trade, supply chain cooperation, and strategic industrial collaboration as part of efforts to upgrade the existing Comprehensive Economic Partnership Agreement (CEPA). The decision was made during the 12th round of CEPA negotiations held in New Delhi, where officials discussed trade in goods and services, investment, rules of origin, and sanitary standards. The talks come amid concerns over India’s growing trade deficit with South Korea, which reached $15.15 billion in 2025 after the agreement came into force in 2010. New Delhi imported goods worth $21.16 billion from Seoul last year, while exports were around $6 billion. Both countries acknowledged the imbalance and agreed to address it during the review process. The negotiations were cochaired by Kapil Chaudhary and Park Geun-oh, with both sides reaffirming their commitment to concluding the CEPA upgrade talks in a time-bound manner for a more balanced trade partnership.
Indian Finance Minister Urges Focus on ‘3Fs’ Amid Gulf Energy Crisis
Nirmala Sitharaman has urged Indians to focus on conserving the “3Fs” — fuel, fertiliser, and foreign exchange — as the country faces mounting economic pressure due to the ongoing Gulf crisis. Speaking in Mumbai, the Finance Minister echoed Narendra Modi’s call for austerity measures, encouraging citizens to reduce fuel consumption, conserve foreign exchange, and avoid unnecessary gold purchases. The crisis has intensified following the closure of the Strait of Hormuz during the US-Israel conflict with Iran, causing sharp increases in global crude oil prices and supply disruptions. As the world’s third-largest oil importer, India is facing rising costs for crude oil, fertilisers, and gold, putting significant pressure on the economy. Petrol and diesel prices were raised again on 25th May 2026, marking the fourth fuel hike in May. Sitharaman also warned that reduced fuel excise duties could lead to a projected revenue loss of 1 trillion rupees in FY27.
Modi, Meloni Elevate India-Italy Ties to Strategic Partnership
Narendra“Opportunities don't happen. You create them.”
Chris Grosser
Modi and Giorgia Meloni have announced a new India-Italy special strategic partnership during Modi’s visit to Italy, describing it as a major advancement in bilateral ties. In a joint statement, the leaders said relations between India and Italy are gaining unprecedented momentum, driven by shared democratic values and a common global vision. They outlined plans to strengthen cooperation in trade, manufacturing, defence, clean energy, technology, and innovation by combining Italy’s industrial expertise with India’s engineering talent and startup ecosystem. Both leaders set a target to increase bilateral trade beyond €20 billion by 2029, focussing on sectors such as aerospace, pharmaceuticals, textiles, automotive components, and tourism. The partnership will also emphasize collaboration in artificial intelligence, quantum computing, digital infrastructure, and space technology, while supporting ethical AI development and digital inclusion. They also reaffirmed cooperation through initiatives including IMEC, the International Solar Alliance, and the Global Biofuels Alliance.
Nidhika Sonu Augustine Crowned Alcazar Watches & DQUE Watches
Miss Queen Kerala 2026
Nidhika Sonu Augustine was crowned Alcazar Watches & DQUE Watches Miss Queen Kerala 2026 at the grand finale of the 14th edition of the prestigious pageant organized by Pegasus Global Pvt. Ltd. at Le Meridien Kochi on May 23, 2026. Isha Harish and Sai Pooja secured the first and second runner-up titles respectively. Reigning titleholder Durga Surendran and Sajan Varghese, CMD of SAJ Group of Hotels, crowned the winner. Preethi Parakkat, MD of Parakkat Jewels, and Jebitha Ajit, MD of Pegasus Global Pvt. Ltd., crowned the first runner-up, while Dr. Jolly Antony, Chairman of Vibe Munnar, and Dr. Ajit Ravi, Chairman of Pegasus Global Pvt. Ltd., crowned the second runner-up. Founded by Dr. Ajit Ravi, the pageant featured three competitive rounds and subtitle awards. The winners received specially crafted gold crowns designed by Preethi Prakash of Parakkat Jewels. The judging panel comprised Cinda Padamadan, Lakshmi Menon, Pournami Murali, Nikita Thomas, and Soumya S. Thomas.
PM Modi in Netherlands Calls Global Era a “Decade of Disasters”, Flags Poverty
“The secret of business is to know something that nobody else knows.”
Aristotle Onassis
Risks Amid Crises
Prime Minister Narendra Modi, addressing the Indian community in The Hague during his visit to the Netherlands, described the present era as a “decade of disasters” marked by the COVID-19 pandemic, ongoing global conflicts, and a growing energy crisis. He warned that these challenges are disrupting economies worldwide and could push millions back into poverty if not addressed collectively. Modi said India and the Netherlands are strengthening cooperation to build resilient and trusted supply chains capable of handling global uncertainties. He also highlighted expanding partnerships in trade, defence, renewable energy, and technology as part of broader efforts to improve economic stability and international collaboration. Speaking about India’s transformation, Modi said the country is rapidly emerging as an innovation-driven economy with a thriving startup ecosystem and rising number of unicorns. He added that India aims to become a global manufacturing and green energy hub while playing a larger role in global leadership through platforms like the G20 and AI Summit.
Canada Signs Landmark LNG Export Deal With Germany
Canada and Germany have signed a major longterm energy agreement that will see one million tonnes of liquefied natural gas (LNG) exported annually from British Columbia to Germany beginning in the early 2030s. The deal, involving the proposed Ksi Lisims LNG project and Germany’s state-owned energy company SEFE, marks Canada’s first long-term LNG supply agreement with a European country. Canadian Energy Minister Tim Hodgson said the partnership is a key step in diversifying Canada’s energy exports beyond the United States, which currently receives nearly all Canadian LNG shipments. He also noted that the agreement strengthens Canada’s role as a stable and reliable energy supplier amid global uncertainty caused by the Russia-Ukraine war and tensions in the Middle East. The deal is expected to increase support for the Ksi Lisims LNG project, although it still awaits final investment approval. While the Nisga’a Nation supports the development, environmental groups and some Indigenous communities have raised concerns about its climate impact, legal challenges, and ability to secure financing.
Ferrari Unveils First Fully-Electric Model ‘Luce’ Amid Industry-Wide EV Skepticism
Ferrari has unveiled its first fully electric car, the “Luce,” marking a major milestone in the luxury automaker’s history. Revealed in Rome, the four-door EV offers a top speed of 310 kph (193 mph) and is priced at more than €500,000 ($586,000). Developed in collaboration with former Apple designer Jony Ive’s studio, LoveFrom, the Luce is designed to redefine luxury electric mobility and strengthen Ferrari’s position in the premium EV market. Unlike many rivals that have slowed or abandoned electric vehicle plans due to weak demand, Ferrari is using the Luce as a strategic statement rather than a high-volume model. To preserve its distinctive driving experience, the company has equipped the vehicle with a specialized sound system that amplifies powertrain vibrations, creating a unique electric Ferrari sound. Under CEO Benedetto Vigna, Ferrari continues investing in electrification while maintaining hybrid and combustion-engine models, with customer deliveries of the Luce expected to begin in October.
Estée Lauder Ends Puig Merger Talks to Focus on Turnaround
Estée Lauder and Spanish beauty company Puig have officially ended merger discussions that would have created a luxury beauty giant valued at around $40 billion. The proposed deal, first reported in March, aimed to combine major brands including Clinique and MAC from Estée Lauder with Charlotte Tilbury and Carolina Herrera from Puig. Investors reacted positively to the decision, sending Estée Lauder shares up more than 10% in extended trading, as analysts viewed the merger as carrying significant integration risks, financial strain, and potential management distractions. Reports indicate that negotiations became increasingly complex, partly due to demands involving the Charlotte Tilbury brand, which is majority-owned by Puig. Analysts also highlighted the challenges of merging two large, family-controlled businesses at a time when Estée Lauder is focused on a major turnaround effort. Under CEO Stephane de La Faverie, the company is implementing its “Beauty Reimagined” strategy, which includes store investments, workforce reductions, and outlet closures, while continuing to explore future acquisition opportunities.
German Court Rules Milka Misled Consumers With Shrinking Chocolate Bar
AGerman
court has ruled that chocolate manufacturer Mondelez International misled consumers by reducing the size of its popular Milka Alpenmilch chocolate bar while keeping nearly identical packaging. The case, brought by Hamburg’s consumer protection office, focused on the company’s decision to shrink the bar from 100 grams to 90 grams while increasing its price from €1.49 to €1.99. The Bremen regional court found that the familiar purple wrapper created the impression that the product remained unchanged, potentially misleading long-time customers. Judges said the problem was not the packaging design itself but the difference between consumer expectations and the actual product quantity. The court ruled that clearer labeling about the reduced weight was necessary to avoid deception. The case has become a high-profile example of “shrinkflation,” where product sizes are reduced while prices remain the same or rise. Consumer groups say soaring cocoa prices and higher production costs have contributed to similar changes across the food industry.
MINI SAJAN VARGHESE: BRIDGING TWO WORLDS, BUILDING A LEGACY OF HOSPITALITY
From handwritten ledgers and aviation catering to luxury resorts and digital travel platforms, the inspiring journey of a woman leader who transformed challenges into opportunities and redefined hospitality with purpose, resilience, and heart.
“Ibelong to a generation that witnessed two completely different worlds.”
This simple yet profound statement by Mini Sajan Varghese, CEO of SAJ Group of Hotels & Resorts, perfectly captures not only her personal journey but also the remarkable evolution of modern India itself.
From an era when landline telephones were considered luxuries and business records were maintained manually, to today's world powered by artificial intelligence, digital connectivity, and online travel platforms, Mini has successfully navigated change after change—emerging as one of Kerala's most respected hospitality leaders and women entrepreneurs.
Yet her story is far more than a tale of professional achievement.
It is a story of learning, resilience, leadership, empowerment, and the relentless pursuit of excellence. It is about building institutions, creating opportunities, nurturing people, and crafting experiences that leave lasting memories.
Today, under her dynamic leadership, SAJ Group of Hotels & Resorts has become synonymous with quality, innovation, authentic Kerala hospitality, and inclusive growth. But the journey to the top was neither
sudden nor straightforward. It was built patiently—one lesson, one challenge, and one opportunity at a time.
The Foundation: Learning from the Ground Up
Behind every successful leader lies a strong foundation.
For Mini Sajan Varghese, that foundation began in the world of finance and banking, where she developed discipline, systems thinking, and a deep understanding of financial management. These early experiences would later become invaluable in steering large-scale business operations.
Marriage introduced her to a completely different industry—aviation catering.
Her entry into the aviation hospitality sector began at SAJ Flight Services, established by visionary entrepreneur Sajan Varghese, where she initially worked as an accountant and steadily evolved into a key force within the organization. What seemed like a routine role soon evolved into an immersive learning journey. Rather than confining herself to financial reports and accounting functions, she actively sought to understand every aspect of the business.
agement, administration, customer expectations—she learned them all.
Her philosophy was simple: Before leading, one must learn.
Over time, her hands-on involvement and commitment to understanding the organization from the grassroots level enabled her to rise through the ranks, eventually becoming CEO overseeing six flight catering units.
Learning Before Google Existed
Today's entrepreneurs have access to limitless information at the click of a button.
Mini's generation did not.
"There were hardly any books on flight catering, and finding reliable online resources, tutorials, or ready references was a challenge," she recalls.
Knowledge had to be pursued through observation, discussions with experts, site visits, practical exposure, and relentless curiosity.
Her pursuit of excellence eventually took her to London, where she underwent specialized training in international food safety standards and quality management systems. The experience broadened her global perspective and deepened her expertise in hospitality and catering operations.
Her pursuit of excellence eventually took her to London, where she underwent specialized training in international food safety standards and quality management systems.
Those years taught her a lesson she still carries today:
Excellence is never accidental. It is built through discipline,learning,andcontinuous improvement.
The
Silent Mentor
Who Shaped a Leader
When asked about the greatest influence on her journey, Mini speaks with immense admiration about her husband, Sajan Varghese. However, his mentorship came in an unconventional form.
"He never believed in spoonfeeding solutions," she says. Instead, he encouraged independent thinking, analysis, and problem-solving.
One of the greatest responsibilities he entrusted to her was financial planning and management, particularly during periods when revenues fluctuated while operational expenses remained constant.
These experiences sharpened her decision-making abilities, crisismanagement skills, and long-term strategic thinking.
"It was a silent style of mentoring," she reflects, "but it shaped me more than direct instruction ever could."
When Challenges Created New Opportunities
The mid-2000s brought a major turning point for SAJ Group.
The aviation industry was undergoing significant transformation. The rise of low-cost airlines and changing business dynamics reduced demand for traditional in-flight catering services. For many companies, these developments represented threats.
For SAJ Group, they became opportunities.
Guided by the vision of Sajan Varghese, the organization diversified into hospitality.
The move was bold and ambitious.
Building hotels was one challenge. Building a trusted hospitality brand capable of consistently delivering exceptional guest experiences
was another.
Mini became one of the key architects of this transformation.
Her deep understanding of operations, quality systems, customer expectations, and people management helped create a hospitality culture that would eventually become the hallmark of the SAJ brand.
Hospitality: A Science, an Emotion, and an Experience
Many people associate hospitality with luxury, aesthetics, and service.
Mini sees it differently.
Her academic background—a Master's degree in Zoology from the University of Kerala—provided her with a scientific mindset rooted in microbiology, food science, ecology, genetics, statistics, and analytical thinking.
These disciplines unexpectedly became highly relevant in hospitality operations.
Her scientific understanding strengthened food safety protocols, hygiene systems, HACCP implementation, quality control mechanisms, and operational discipline. Later, she further enhanced her expertise through certifications in Food Safety Management and Baking & Pastry.
Yet for all its science and systems, Mini believes hospitality is ultimately emotional.
"Guests may forget room dimensions or decorative details," she says, "but they always remember how a place made them feel."
That philosophy has become deeply embedded in the culture of SAJ Hotels & Resorts.
Building a Brand Guests Trust
Hospitality is fundamentally a business of trust.
Guests entrust hotels with their comfort, safety, celebrations, business engagements, and precious memories.
Understanding this responsibility, Mini helped shape SAJ into a brand that offers more than accom-
modation—it offers experiences.
Whether welcoming leisure travelers, business executives, families, wellness seekers, or international tourists, SAJ properties focus on personalized service, meticulous attention to detail, and genuine warmth.
This commitment has earned the brand loyalty, credibility, and admiration among guests from around the world.
Creating Distinctive Destinations
Over the years, SAJ Group has developed a portfolio of properties that reflect the unique character of their destinations.
SAJ Earth Resort, the group's flagship five-star property near Cochin International Airport, blends luxury, privacy, nature, and experiential hospitality. It serves business travelers, transit guests, leisure tourists, and MICE visitors alike.
SAJ Vagamon Hideout, surrounded by plantations and mistcovered hills, has become known for eco-conscious hospitality and earned the Government of Kerala's Best Eco-Friendly Resort Award in 2006.
SAJ Luciya, located in the heart of Thiruvananthapuram, remains one of Kerala's landmark four-star hotels serving business travelers, dignitaries, pilgrims, and families. Leading with Empathy and Empowering
Women
One of the defining aspects of Mini's leadership is her commitment to women empowerment.
Having risen through a highly competitive industry herself, she understands the barriers women often face in professional environments.
At SAJ Group of Hotels & Resorts, women are given significant employment opportunities, including odd-hour shifts, with strong focus on safety, dignity, and respect for both women employees and solo women travelers.
For Mini, empowerment is not simply about employment—it is
At SAJ Group of Hotels & Resorts, women are given significant employment opportunities, including odd-hour shifts, with strong focus on safety, dignity, and respect for both women employees and solo women travelers.
about creating workplaces where women feel respected, valued, secure, and capable of reaching their fullest potential.
Her commitment extends beyond the workplace.
Recognizing the concerns faced by solo women travelers, particularly those arriving on late-night international flights, SAJ introduced guest experiences focused on safety, comfort, and reassurance. The presence of women employees across guest services and security functions contributes to an atmosphere of trust and confidence.
Finding Strength During the Pandemic
Like every hospitality organization worldwide, SAJ Hotels & Resorts faced immense uncertainty during COVID-19.
But instead of focusing solely on challenges, Mini looked inward.
She realized many features that had long existed within SAJ properties—open layouts, independent air-conditioning systems, spacious pathways, privacy-oriented designs, and strong connections with nature—perfectly aligned with emerging traveler expectations.
What had once been considered
ordinary strengths suddenly became powerful competitive advantages.
By recognizing and repositioning these hidden assets, SAJ adapted more quickly than many competitors and successfully regained guest confidence.
For Mini, the experience reinforced an important lesson:
Leadership often means discoveringhiddenstrengthswithinexistingsystemsandadapting them intelligently to changing circumstances.
Recognition, Challenges, and Inner Strength
Despite receiving numerous awards and accolades, Mini's journey has not been without emotional challenges.
One particularly painful experience occurred when she was denied recognition because she was viewed merely as "the wife of an entrepreneur" rather than an entrepreneur in her own right.
Rather than allowing disappointment to define her, she transformed it into motivation.
She firmly believes entrepreneurship extends far beyond investing capital or launching ventures. Build-
ing systems, managing operations, solving problems, adapting continuously, and creating long-term value are equally entrepreneurial pursuits.
Her message to aspiring women leaders is simple yet powerful:
Never underestimate your capabilitybecausesomeoneelse fails to recognize it initially.
Beyond Business: A Writer, Tourism Advocate, and Lifelong Learner
Few people know that Mini is also an accomplished writer.
Following the prestigious Mercury Silver Award earned by SAJ Flight Services, Mini received a rare distinction—an invitation to write for the renowned “4 Corners” section of Onboard Hospitality, one of Europe’s leading hospitality publications. Representing one of the “four corners of the world,” she shared news, industry trends, observations, and insights from India with a global readership. Her contributions not only reflected her deep expertise in aviation catering and hospitality but also showcased her ability to present regional perspectives with international relevance.
She also serves as an Independent Director of the Lakshadweep Tourism Development Corporation and remains deeply passionate about the future of sustainable tourism.
She believes the future belongs to destinations that offer authentic experiences, emotional connections, wellness, culture, sustainability, and responsible tourism.
For Kerala and Lakshadweep, she sees tremendous potential—but emphasizes that development must never compromise ecological balance, cultural uniqueness, or natural beauty.
Finding Joy Beyond Boardrooms
Despite an intensely demanding professional life, Mini Sajan Varghese finds her greatest happiness in simple moments and meaningful relationships. The companionship
she shares with her husband, Sajan Varghese, remains one of her strongest sources of strength and joy. Whether travelling, sharing conversations, enjoy ing movies, or taking quiet walks togeth er, these moments are deeply cherished.
She also enjoys cooking, hosting guests at home, and spending time with her Labrador boys, Rocky and Romeo, whose affection fills her home with warmth and happiness.
A Legacy Beyond Hospitality
Today, as Mini Sajan Varghese con tinues to strengthen the SAJ brand, she is also charting a new course in the digital travel landscape. Expanding her entrepreneurial footprint beyond tradi tional hospitality, she is spearheading the development of an online travel ag gregator platform designed to connect travelers with seamless, technologydriven booking experiences. The ven ture reflects her forward-thinking ap proach, adaptability, and commitment to evolving with changing consumer preferences in an increasingly digital world.
From banking to aviation catering.
From finance professional to CEO.
From learner to mentor.
From observing change to driving it.
Her story reflects the evolution of an extraordinary woman who success fully bridged two worlds—one rooted in traditional values and another defined by technological transformation.
More importantly, it reflects a leader who understands that true success is not measured merely by businesses built or awards received, but by the lives touched, opportunities created, and val ues preserved.
As SAJ Group continues its journey of growth, innovation, and excellence, Mini Sajan Varghese remains at its heart—a visionary leader whose legacy extends far beyond hospitality. Because, in the end, her greatest achievement is not simply building ho tels.
It is building trust, creating memo ries, empowering people, and proving that meaningful leadership can remain relevant across generations
INBFCs operate in a landscape shaped by market volatility, regulatory expectations, and cyclical credit behavior. In such an environment, planning must go beyond projections. It must include stress testing, scenario analysis, and the willingness to anticipate what could go wrong—not just what we hope will go right.
Mission Mindset: What Space Exploration Taught Me About Financial Stewardship
have always been fascinated by space exploration. To me, it represents the very best of human ambition—the ability to imagine the impossible and then build systems rigorous enough to make it real. From Sputnik’s historic launch to the renewed momentum of crewed lunar missions, each milestone reflects not just technological advancement but an almost uncompromising commitment to discipline, planning, and teamwork.
Over time, I have come to see that these same principles are not confined to rockets and orbit trajectories. They hold equally powerful lessons for financial stewardship, particularly in sectors like non-banking financial companies (NBFCs), where risk is constant, complexity is high, and mistakes can be costly.
Let me be clear: I am not equating space missions with financial institutions. Space exploration oper-
ates in a world of near-zero tolerance for error, where a single oversight can have irreversible consequences. Finance, by contrast, deals in probabilities—defaults, liquidity cycles, and recoverable setbacks. Yet, the mindset that governs successful missions offers a framework that, in my view, can transform how we think about managing financial institutions.
It Starts With Planning
When I reflect on any successful space mission, what strikes me most is that the real work begins long before liftoff. Every scenario is simulated. Every risk is mapped. Every contingency is rehearsed. Planning is not an academic exercise—it is a survival discipline.
In finance, I believe we often underestimate the depth of preparation required to navigate uncertainty. NBFCs operate in a landscape shaped by market volatility, regula-
tory expectations, and cyclical credit behavior. In such an environment, planning must go beyond projections. It must include stress testing, scenario analysis, and the willingness to anticipate what could go wrong—not just what we hope will go right.
The institutions that endure, in my experience, are those that prepare for downturns when times are good.
Discipline Translates Intent into Reality
If planning lays the foundation, discipline is what brings it to life. In space missions, procedures are followed with absolute precision. There is no room for improvisation where it matters most.
In financial institutions, discipline manifests differently—but no less critically. It shows up in adherence to credit policies, in consistent regulatory compliance, in structured
collections, and in the rigor of internal audits. These are not glamorous functions, but they are the backbone of institutional stability.
To me, discipline also carries a deeper meaning: the courage to confront uncomfortable truths.
The Challenger disaster remains one of the most powerful lessons in this regard. Engineers had identified a flaw in the O-rings years before the launch, yet their warnings did not carry through the system effectively. The tragedy was not merely technical—it was organizational. It was a failure to listen, to act, and to uphold institutional honesty.
In finance, the parallels are difficult to ignore. When early warning signals are dismissed, when risk indicators are softened, or when hierarchy silences expertise, institutions expose themselves to preventable failures. Discipline, therefore, must include a culture where truth is not just allowed—but required.
Precision Defines
Outcomes
Planning and discipline create structure, but it is precision that determines success.
In the financial world, I see precision in the quality of decisionmaking. It is reflected in how accurately we assess credit risk, how effectively we monitor portfolios, and how intelligently we use data. With the rise of AI and digital platforms,
the tools available to us today can significantly enhance this precision.
Yet, I remain convinced that technology is only an enabler. It amplifies intent—it does not replace it. Without a culture that values rigor, even the most advanced systems can produce flawed outcomes.
Precision, ultimately, is a mindset. It is the refusal to accept approximation when accuracy is within reach.
Teamwork
Makes Complexity Manageable
No space mission succeeds in isolation. It is a coordinated effort involving scientists, engineers, mission planners, and countless unseen contributors working in synchrony.
I often think about ISRO’s Chandrayaan program when reflecting on teamwork. The setback of Chandrayaan-2, followed by the success of Chandrayaan-3, is not just a story of technological resilience—it is a story of institutional learning. The ability to diagnose failure, rebuild with clarity, and return stronger is, in my view, a hallmark of effective teamwork.
In financial institutions, teamwork must extend across functions—risk, operations, compliance, technology—and beyond the organization to include regulators and partners. Alignment is not automatic; it must be cultivated. And
just as importantly, organizations must create spaces where failure is analysed, not hidden.
Adopting a Mission Mindset
What I call a “mission mindset” is, in essence, an operational philosophy. It is about embedding the discipline of planning, the rigor of execution, the demand for precision, and the strength of teamwork into everyday decision-making.
For NBFCs, this could mean defining clear risk thresholds before crises emerge, running simulation exercises to test resilience, and building systems where early warning signals are surfaced and addressed without delay.
It also means embracing failure as a source of insight. The lesson from Chandrayaan-2 is not about failure itself, but about what follows—the willingness to learn, adapt, and try again with greater clarity.
Beyond Metaphor
Space and finance may exist in entirely different domains, but both operate under pressure, with high stakes and limited room for complacency. I have come to believe that the institutions that truly succeed are those that treat discipline, precision, and teamwork not as aspirational ideals, but as non-negotiable standards.
That, to me, is the essence of the mission mindset
Rajesh Nair Partner, Ernst & Young LLP
Preparation matters because many poor conversations fail not from bad intentions, but from unclear thinking.
THE ART OF BUSINESS CONVERSATIONS – A REFLECTION
Business conversations are often mistaken for simple exchanges of information. In reality, they are far more important than that. They shape trust, influence decisions, solve problems, and create momentum. A single conversation can win a client, repair a misunderstanding, motivate a team, or open the door to a new opportunity. Because of this, the art of business conversation is not merely about speaking clearly. It is about thinking clearly, listening carefully, and guiding interaction with purpose.
At its best, a business conversation balances human connection and strategic intent. If it is too cold and transactional, it can damage trust. If it is too casual and unfocused, it can waste time and create confusion. The most effective professionals know how to be both warm and precise. They understand that every conversation should strengthen the relationship while also moving toward a useful outcome.
A helpful way to master this skill is to think of business conversations as a seven-step framework: prepare, open, understand, align, contribute, resolve, and follow through. This framework provides a practical mental model for almost any workplace discussion, whether it is a sales call, a performance review, a negotiation, or a difficult internal meeting.
Prepare With Clarity
Strong business conversations begin before anyone speaks. Preparation is the foundation of confidence and direction. Before entering a conversation, ask yourself a few simple questions: What is the purpose of this discussion? What outcome do I want? What might the other person want? What information, emotions, or concerns are likely to be present?
Preparation matters because many poor conversations fail not from bad intentions, but from unclear thinking. People enter meetings hoping to “see where it goes,” and then wonder why the exchange feels scattered or unproductive. Clear intention does not mean being rigid. It means knowing your priorities well enough to stay grounded even if the conversation changes direction.
It is also useful to prepare for both content and tone. Content includes facts, examples, data, and key points. Tone includes the energy and attitude you want to bring. Do you need to sound collaborative, direct, reassuring, or curious? The best conversationalists do not improvise everything. They prepare enough to be flexible.
Open With Trust and Direction
The opening moments of a busi-
ness conversation often determine its quality. A strong opening does two things at once: it establishes rapport and creates structure. Rapport helps the other person feel respected. Structure helps the conversation feel purposeful.
This does not require a long introduction. It can be as simple as beginning warmly, acknowledging the other person, and stating the reason for the discussion. For example: “Thanks for making time. I’d like to talk through the project timeline, understand any roadblocks, and agree on next steps.” This kind of opening reduces uncertainty and helps everyone focus.
Openings are especially important in difficult conversations. When stakes are high, people often become defensive or anxious. A calm and respectful start lowers tension. It signals that the goal is not to attack, but to understand and solve.
Understand Before Trying to Persuade
One of the most overlooked truths in business communication is that people are more receptive when they feel heard. Many professionals enter conversations too eager to explain, convince, or defend. As a result, they miss crucial information. The art of business conversation depends on listening not as a pause before speaking, but as a tool
for insight.
To understand well, ask thoughtful questions. These should uncover facts, priorities, constraints, and concerns. Questions like “What’s most important from your perspective?” or “What challenge is making this difficult?” often reveal more than assumptions ever could. Good listening also includes noticing what is not said directly—hesitation, uncertainty, or emotional signals.
This step is especially valuable because business problems are rarely only technical. They often involve hidden pressures, competing incentives, or interpersonal dynamics. If you understand the real issue, your response becomes more relevant and persuasive. If you do not, even a smart answer may fail.
Align on What Matters
After understanding the other person, the next task is to create alignment. Alignment means identifying shared goals, shared concerns, or shared standards. This step transforms the conversation from “my position versus yours” into “our chal-
lenge to solve.”
For example, in a negotiation, alignment may come from recognizing that both sides want a sustainable agreement. In a team discussion, it may be the common desire to meet a deadline without sacrificing quality. In a conflict, it may be the mutual interest in preserving trust and performance.
Alignment is powerful because it changes the emotional tone of the interaction. People become less defensive when they see common ground. This does not erase disagreement, but it makes disagreement easier to handle. It creates a cooperative frame around a potentially tense discussion.
Contribute With Purpose and Discipline
Once trust is established, understanding is gained, and alignment is found, it is time to contribute your ideas. This is where many people either say too little or far too much. The goal is to be clear, concise, and useful.
A strong contribution usually has
three parts: your point, your reasoning, and your recommendation. First, state your main idea simply. Then explain why it matters using evidence, examples, or logic. Finally, suggest a practical next move. This structure keeps your message from becoming vague or overly abstract.
Discipline matters here. Not every thought needs to be spoken. Skilled professionals know how to separate what is important from what is merely interesting. They avoid rambling, jargon, and unnecessary defensiveness. They also adapt their message to the listener. An executive may need the strategic headline. A technical colleague may need more detail. A client may need reassurance and clarity.
Resolve With Decisions and Ownership
A conversation without resolution can feel productive in the moment but create confusion later. That is why effective business conversations must move toward decisions, commitments, or clear next steps. Resolution does not always
The art of business conversations lies in combining intention with empathy, structure with flexibility, and clarity with respect.
mean full agreement. Sometimes it simply means clarity about what happens next.
At this stage, summarize the discussion: What did we decide? What remains open? Who owns what? By when? This helps prevent the common problem of “meeting drift,” where everyone leaves with a different understanding of the outcome.
Resolution is where communication becomes execution. It transforms dialogue into progress. Even a difficult conversation becomes valuable if it produces clarity, accountability, and movement.
Follow Through to Build Credibility and Action
The final step in the framework happens after the conversation ends.
Follow-through is what turns good communication into long-term trust. If you promised to send information, send it. If you agreed on deadlines, honor them. If the discussion was sensitive, check in appropriately afterward.
Many people underestimate how much credibility is built in these moments. A polished conversation means little if actions do not match words. By contrast, consistent follow-through creates a reputation for reliability. Over time, that reputation makes future conversations easier, faster, and more influential.
The art of business conversations lies in combining intention with empathy, structure with flexibility, and clarity with respect. Great conversa-
tionalists are not simply persuasive speakers. They are thoughtful participants who know how to prepare, connect, listen, align, contribute, resolve, and follow through.
In a business world shaped by deadlines, competition, and complexity, conversation remains one of the most powerful tools available. It is how strategy becomes action, how disagreement becomes progress, and how professional relationships deepen over time. Anyone can improve this skill by using a step-by-step framework and practicing it consistently. When approached with care, business conversations stop being routine exchanges and become opportunities to lead, influence, and create meaningful results
Dr Arun Oommen
MBBS, MS ( Gen Surg), Mch( Neurosurgery),MRCS Ed (UK) , MBA, DMS( Hospital Administration) ENLS, D Litt(H), Phd(H), D Sc(H) Neuro Endoscopy Fellow Senior Consultant Neurosurgeon VPS Lakeshore Hospital, Kochi, India. Honorary Secretary Neurological Society of India-
Kerala Chapter UN Representative
www.arunoommen.com
Many teenagers experience immense stress from examinations, competition, parental expectations, and career uncertainty. Constant pressure to score high marks creates anxiety and fear of failure.
Mental Health of TeenagersA Sector Requiring Utmost Scrutiny and Care
Teenage life is one of the most important and emotionally sensitive phases of human development. Adolescents go through rapid physical, emotional, social, and psychological changes. Academic pressure, social media influence, relationship challenges, identity confusion, family expectations, and peer comparison can make teenage years stressful and overwhelming.
According to the WHO, nearly one in seven adolescents experiences a mental health condition. Mental health is not merely the absence of mental illness. It includes emotional stability, self-confidence, resilience, healthy relationships, positive thinking, and the ability to handle life’s difficulties effectively. Good mental health helps teenagers perform better academically, maintain healthy friendships, make wiser decisions, and grow into emotionally balanced adults.
Today, increasing numbers of
young girls and boys experience anxiety, depression, loneliness, low self-esteem, anger issues, addiction to gadgets, sleep disturbances, and social isolation. Therefore, improving adolescent mental health has become a major responsibility for parents, teachers, schools, communities, and teenagers themselves. Here are effective tips to improve the mental health of teenagers.
Understanding Teenage Mental Health
Adolescence is the period between childhood and adulthood, generally from ages 10 to 19. During this phase, the brain undergoes major development. Emotional sensitivity becomes high, and teenagers often struggle to balance emotions, responsibilities, and expectations. Common mental health challenges faced by teenagers include:
• Anxiety and stress
• Depression
• Low self-esteem
• Social media addiction
• Academic pressure
• Bullying and peer pressure
• Body image issues
• Loneliness and isolation
• Substance abuse
• Sleep disorders
• Anger and emotional instability If these issues are ignored, they can affect academic performance, relationships, physical health, and future success.
Major Causes of Mental Health Problems in Teenag-
ers
1. Academic Pressure
Many teenagers experience immense stress from examinations, competition, parental expectations, and career uncertainty. Constant pressure to score high marks creates anxiety and fear of failure.
2. Excessive Social Media Use
Social media often promotes unrealistic beauty standards, fake lifestyles, and constant comparison.
Teenagers may feel inferior, lonely, or excluded when comparing themselves with others online. Studies increasingly associate excessive screen time with poor sleep, anxiety, and reduced emotional well-being.
3. Lack of Communication
Many teenagers hesitate to express their emotions due to fear of criticism or misunderstanding. Emotional suppression may lead to stress, anger, or depression.
4. Family Problems
Parental conflicts, lack of emotional support, harsh parenting, neglect, or toxic family environments negatively affect teenage mental health.
5. Peer Pressure and Bullying
Teenagers strongly desire social acceptance. Bullying, exclusion, or pressure to fit into peer groups can seriously damage self-esteem and emotional health.
6. Poor Lifestyle Habits
Insufficient sleep, unhealthy diet, physical inactivity, and excessive gadget use affect both physical and mental health.
Techniques and Strategies to Improve Teenage Mental Health
1. Encourage Open Communication
Communication is one of the strongest tools for protecting teen-
age mental health.
Teenagers should feel safe discussing:
• Stress
• Fear
• Anxiety
• Relationships
• Academic concerns
• Emotional struggles
• Parents and teachers must:
• Listen without judgment
• Avoid harsh criticism
• Encourage honest conversations
• Validate feelings instead of dismissing them
A teenager who feels heard and understood develops emotional confidence and resilience.
Research from the UNICEF highlights that supportive parenting and open communication are major protective factors for adolescent mental health.
2. Promote Healthy Sleep Habits
Sleep is essential for emotional regulation and brain development. Teenagers generally require 8–10 hours of sleep daily.
Lack of sleep can lead to:
• Irritability
• Anxiety
• Depression
• Poor concentration
• Emotional instability
• Tips for better sleep:
• Avoid phones before bedtime
• Maintain fixed sleep schedules
• Reduce caffeine intake
• Create a calm sleeping environment
• Quality sleep significantly improves mood, focus, and emotional control.
3. Encourage Physical Activity and Exercise
Exercise is a natural stress reliever. Physical activity increases the release of endorphins, also known as “feel-good hormones.”
Benefits include:
• Reduced anxiety
• Better mood
• Improved confidence
• Better sleep
• Reduced stress
• Recommended activities:
• Walking
• Cycling
• Swimming
• Football
• Yoga
• Dancing
• Martial arts
Even 30 minutes of daily exercise can improve mental well-being significantly.
Excessive gadget use is one of the biggest mental health concerns among teenagers today. Overuse can lead to:
• Social isolation
• Poor sleep
• Anxiety
• Reduced attention span
• Depression
• Cyberbullying exposure
Healthy strategies include:
• Limiting screen time
• Creating “phone-free” hours
• Encouraging offline hobbies
• Spending time outdoors
• Promoting face-to-face interactions
Experts now recommend balanced digital use rather than total smartphone bans.
6. Encourage Real-Life Social Connections
Human connection is essential for mental well-being.
Teenagers should be encouraged to:
• Spend time with family
• Participate in group activities
• Join sports or clubs
• Volunteer in social work
• Build supportive friendships
Strong social relationships reduce loneliness and emotional distress.
7. Develop Positive Self-Esteem
Many teenagers struggle with self-worth due to comparisons and criticism.
Parents and teachers should:
• Appreciate effort, not just re-
sults
• Avoid constant comparison with others
• Encourage individuality
• Support talents and creativity
Teenagers with healthy self-esteem are more resilient during difficult situations.
8. Encourage Hobbies and Creative Activities
Creative activities reduce stress and improve emotional balance.
Helpful hobbies include:
• Music
• Painting
• Photography
• Reading
• Gardening
• Writing
• Cooking
• Sports
Creative expression allows teenagers to release emotions constructively.
9. Teach Stress Management Techniques
Stress cannot always be avoided, but teenagers can learn how to manage it effectively.
Useful stress management methods:
Meditation
• Yoga
• Deep breathing
• Time management
• Prioritization
• Gratitude journaling
• Relaxation exercises
Mindfulness practices help calm the mind and improve emotional awareness.
10. Promote Healthy Eating Habits
Nutrition significantly affects brain function and emotional health.
Teenagers should:
• Eat balanced meals
• Avoid excessive junk food
• Drink enough water
• Consume fruits and vegetables
• Reduce sugary drinks
Poor nutrition may worsen mood swings and fatigue.
11. Build Resilience and Coping
Skills
Life inevitably includes failures and disappointments. Teenagers must learn resilience — the ability to recover from setbacks.
Parents and teachers should:
• Encourage problem-solving
• Teach positive thinking
• Normalize failure as part of growth
• Help teenagers learn from mistakes
Resilient teenagers are less likely to develop severe emotional distress.
12. Create a Safe and Supportive Environment
Teenagers thrive in environments where they feel:
• Loved
• Respected
• Accepted
• Safe
• Homes and schools should avoid:
• Humiliation
• Excessive criticism
• Emotional neglect
• Fear-based discipline
A supportive environment strengthens emotional security.
13. Address Bullying Immediately
Bullying severely damages mental health and self-esteem.
Warning signs include:
• Social withdrawal
• Fear of school
• Sudden sadness
• Academic decline
• Anger or anxiety
• Schools should implement:
• Anti-bullying programs
• Counseling support
• Awareness campaigns
• Safe reporting systems
14. Encourage Professional Help When Needed
Some teenagers require professional mental health support.
Warning signs include:
• Persistent sadness
• Self-harm thoughts
• Severe anxiety
• Panic attacks
• Social withdrawal
• Substance abuse
• Extreme anger
• Suicidal thoughts
• Professional support may include:
• Counseling
• Cognitive Behavioral Therapy (CBT)
• Family therapy
• Psychiatric care
Seeking help early can prevent worsening mental health conditions. Role of Parents in Improving Teenage Mental Health
Parents play the most influential role in adolescent emotional development.
Important parental practices:
• Spend quality time with children
• Avoid constant criticism
• Appreciate their efforts
• Be approachable
• Set healthy boundaries
• Model positive behavior
Teenagers often imitate adult emotional behavior. Calm, emotionally balanced parenting helps adolescents develop emotional maturity. Role of Schools and Teachers
Schools should not focus only on academic performance. Mental wellness education is equally important.
Schools can support mental health through:
• Counseling services
• Life-skill training
• Mental health awareness sessions
• Stress management workshops
• Sports and extracurricular activities
Teachers should identify early warning signs and provide emotional support when needed.
Importance of Purpose and Meaning in Life
Teenagers who develop purpose and direction tend to experience better emotional health.
Purpose may come from:
• Career goals
• Service activities
• Creativity
• Leadership
• Spirituality
• Personal passions
Studies suggest that helping teenagers develop a sense of meaning improves resilience and longterm well-being.
Practical Daily Mental Health Habits for Teenagers
Teenagers can improve mental health through simple daily habits:
• Wake up early
• Exercise regularly
• Eat healthy meals
• Practice gratitude
• Spend time outdoors
• Talk openly with trusted people
• Limit screen time
• Read books
• Sleep adequately
• Avoid substance abuse
• Practice mindfulness
Small daily habits create longterm emotional stability.
Warning Signs That Should Never Be Ignored
Immediate attention is needed if a teenager shows:
• Persistent hopelessness
• Sudden personality changes
• Self-harm behavior
• Extreme isolation
• Substance addiction
• Severe mood swings
• Suicidal statements
Early intervention can save lives.
Conclusion
Teenage mental health is one of the most important foundations for a healthy and successful future. Adolescents today face challenges that previous generations never experienced on such a large scale, especially due to digital overload, social comparison, academic pressure, and emotional isolation.
Improving teenage mental health requires collective effort from parents, teachers, schools, healthcare professionals, and society. Open communication, emotional support, healthy lifestyle habits, reduced screen addiction, physical activity, positive relationships, and early professional intervention are essential strategies for emotional well-being.
Mental health should be treated with the same importance as physical health. A teenager who feels emotionally supported, valued, confident, and understood is more likely to become a resilient, compassionate, and successful adult.
By investing in the mental wellness of teenagers today, society builds a healthier, stronger, and emotionally balanced future generation
Ravi Saini Associate Editor, Unique Times & CEO, RSW (Resetting Sustainable Wealth) Group
Economic stability cannot emerge merely from extracting more revenue from the same cycle of taxpayers. It must emerge from expanding the nation’s productive capacity
WHEN TAXES MAY NO LONGER BE ENOUGH
APerspective on Sustainable Economic Survival, Productive Capital Creation & Future Governance
In every developing economy, taxation is often projected as the primary instrument of national growth and public welfare. Governments continue expanding tax structures, widening compliance frameworks, and increasing revenue expectations in the hope of sustaining development and administration.
However, there exists a dangerous threshold that economies must recognise before it is too late. A nation cannot indefinitely survive on a model where borrowing finances survival while taxation merely services liabilities.
The real concern is not taxation itself. Taxation is essential for governance, infrastructure, security, and public welfare. The concern arises when productive wealth creation begins to slow while government expenditure, administrative overheads, and debt obligations continue rising disproportionately.
The greatest economic danger is not the deficit alone. It is a dependency.
There may come a time when the total taxes collected by governments may not even be sufficient to pay salaries, pensions, operational bills, subsidies, and interest liabilities. At that stage, nations may find themselves borrowing—not for expansion, not for development, but merely to survive. That is the beginning of economic exhaustion.
Borrowing for productive asset creation can strengthen a nation. Borrowing to sustain routine expenditure weakens the economic spine of governance itself.
The challenge before policymakers is therefore much deeper than increasing tax collection. The true objective should be:
• encouraging enterprise,
• creating sustainable capital,
• strengthening productive industries,
• supporting infrastructure creation,
• generating long-term economic value.
Economic stability cannot emerge merely from extracting more revenue from the same cycle of taxpayers. It must emerge from expanding the nation’s productive capacity.
In this context, the traditional understanding of PPP models must also evolve. Public-Private Partnership should no longer remain merely a contractual arrangement between governments and businesses. It should transform into what may effectively become a Political Private Partnership—a strategic national development framework where governance institutions actively collaborate with productive private enterprise for long-term economic expansion.
Governments, both at the Centre and State levels, possess enormous institutional strength through Public Sector Undertakings (PSUs), land banks, sovereign credibility, infrastructure agencies, policy mechanisms, and strategic assets. These resources, when combined with entrepreneurial execution and innovation from the private sector, can generate significant non-taxable
revenue streams for governments themselves.
This model can become one of the strongest alternatives to excessive taxation.
Rather than depending predominantly on direct and indirect taxes, governments can create recurring economic participation models through:
• infrastructure monetisation,
• industrial ecosystem development,
• sovereign-backed project participation,
• strategic equity structures,
• logistics corridors,
• renewable energy grids, and
• integrated industrial expansion.
Special emphasis must be placed on handholding support for MSMEs, which form the backbone of employment generation and productive economic circulation. If policy frameworks empower MSMEs through institutional access, sovereign facilitation, infrastructure support, and easier financing structures, they can become one of the largest contributors to sustainable economic resilience.
Simultaneously, India must ag-
gressively position itself as a global destination for long-term infrastructure capital.
One of the most transformative reforms could be permitting up to 10 years of 100% tax exemption for Foreign Direct Investment (FDI) entering India through Rupee Denominated Bonds, specifically allocated toward nation-building infrastructure sectors. Such a policy could unlock unprecedented global participation in India’s development journey while simultaneously strengthening the Rupee internationally. These incentives should specifically target sectors critical to long-term national competitiveness, including ports, roads, bridges, underground infrastructure, renewable energy, EV ecosystem development, defence manufacturing, logistics infrastructure, water management systems, smart mobility networks, and integrated industrial parks.
Infrastructure investment should not merely be viewed as expenditure. It is national asset creation. A road is not merely a road. A port is not merely a port. Underground infrastructure is not
merely construction. These are economic arteries that determine the velocity of national growth for generations.
The future belongs to economies that understand the difference between revenue collection and wealth creation.
Fear-based compliance may increase short-term collections. But trust-based economic participation creates civilisations. Nations rise when governments become facilitators of productive expansion rather than merely administrators of taxation.
The governments of the future will need to focus not merely on tax collection, but on reorganising sustainable wealth creation ecosystems capable of supporting generations ahead.
Otherwise, fiscal pressure may one day reach a stage where governments themselves become trapped in a cycle where borrowing becomes necessary simply to sustain administrative existence. That would not merely be an economic challenge. It would become a structural warning for the future of governance itself
Walking with Purpose: Women Changemakers Lead the Way at ‘She Walks for Cause’
In a remarkable celebration of leadership, compassion, and social responsibility, She Walks for Cause brought together an inspiring group of women leaders, entrepreneurs, professionals, and beauty queens under one roof for a noble mission. Organised by the Federal International Chamber Forum (FICF) in association with INMECC and powered by Manappuram Finance Ltd., Lexus, and Klamy New York, the event was held on 23rd May 2026 at Le Méridien Kochi.
Conceptualised and founded by Dr Ajit Ravi, the initiative was much more than a ceremonial walk. It served as a powerful platform that united influential women from diverse sectors to champion
charitable causes and demonstrate the impact of collective action. The event reflected the growing role of women not only as leaders in their respective fields but also as catalysts for positive social change.
The gathering showcased an impressive lineup of accomplished women entrepreneurs and business professionals who have made significant contributions to their industries. Among those who participated were Jyothi Aswani, Managing Partner of Aswani Lachmandas Group; Sheela Kochouseph, Founder and CMD of V-Star Creations Pvt. Ltd.; Preethi Parakkat, Managing Director – Public Relations at Parakkat Jewels; Aishwarya Nandilath, Director of Nandilath G-Mart; and Priya Fazil,
Founder and Managing Director of Dream Flower Builders.
The event also featured Lekha Balachandran, Managing Partner of Resitech Electricals; Divyaa Prashanuth, Marketing Manager at Malayala Manorama; Deepthi Vijayakumar, Managing Director of Aiswaria Advertising; Euphie K. Paul, Founder and Chairperson of Little Britain Preschool and Managing Director of Welmont Hospital; and Dr. N.R. Mini Varma BAMS, Managing Partner of Varma Ayurvedics. Joining them were Laila Sudheesh, Managing Partner of Care4u Facility Management Services; Jayani Bennheim, Executive Director and Chairperson of Bennheims Group; and Preena Anuraj, Managing Direc-
tor of Anaswara Jewellers and Rithu Diamonds.
Adding glamour and inspiration to the occasion were several accomplished beauty queens whose journeys embody confidence, determination, and excellence. The distinguished titleholders included Cinda Padamadan, Miss Queen Kerala 2024 and Miss South India 2024; Lakshmi Menon, Miss South India 2018 and Miss Queen of India 2018; Pournami Murali, Miss India Glam World 2026; Nikita Thomas, Miss South India 2019; and Soumya S. Thomas, 2nd Runner-Up of Miss Queen Kerala 2025 and 1st Runner-Up of Miss India Glam World 2026.
Their participation highlighted how pageantry today extends far beyond the stage. Modern beauty queens increasingly use their influence to advocate for social causes, empower communities, and inspire future generations. By walking alongside entrepreneurs and
corporate leaders, they reinforced the message that leadership can take many forms, but its ultimate purpose should be to create meaningful impact.
What made She Walks for Cause particularly significant was its unwavering commitment to philanthropy. In an era where corporate social responsibility and community engagement are becoming increasingly important, the initiative set a powerful example by dedicating 100 percent of the revenue generated through the event to charitable causes. Every contribution made through the programme will directly support initiatives aimed at improving lives and strengthening communities.
The event also served as a reminder that when women from different professional backgrounds come together with a shared vision, their combined influence can be transformative. From business leaders who have built successful en-
terprises to titleholders who inspire through their achievements, each participant contributed to a collective movement centred on compassion and social responsibility.
As the day unfolded, it became evident that She Walks for Cause was not merely a walk—it was a statement. A statement that leadership is most powerful when paired with empathy, that success gains greater meaning when shared with society, and that collective action can become a force for lasting change.
Through this unique initiative, FICF and Dr Ajit Ravi once again demonstrated the potential of bringing together influential voices for a greater purpose. With its blend of empowerment, philanthropy, and community spirit, She Walks for Cause stands as an inspiring example of how women leaders can walk together—not just towards success, but towards a better future for all
Unique Times Business Conclave 2026:
Exploring the AI Revolution in Everyday Business
Artificial Intelligence is no longer a futuristic concept reserved for technology companies and research labs. Today, it is rapidly becoming an indispensable part of everyday business operations, influencing decisions across industries, enhancing efficiency, and creating new opportunities for growth. Recognizing the transformative impact of AI, the Manappuram Unique Times Business Conclave 2026 brought together some of the most respected minds in business to explore the theme, “How AI is Transforming Everyday Business Decisions.”
Organized by Pegasus Global Pvt Ltd in association with FICF and INMECC, the conclave was held on 23rd May 2026 at Le Méridien Kochi. The event was powered by Lexus, Alcazar Watches, DQ T-Shirts, and Klamy New York. Founded and conceptualised by Dr. Ajit Ravi, the conclave served as a significant platform for meaningful discussions on the role of artificial intelligence in shaping the future of business.
The programme commenced with a warm welcome address by Dr. N. M. Sharafudeen, Chairman of INMECC. Addressing an audience comprising entrepreneurs, industry leaders, professionals, and business enthusiasts, he em-
phasized the growing importance of embracing emerging technologies to remain competitive in an increasingly digital world. He highlighted how AI is evolving from a support tool into a strategic business partner capable of driving innovation and long-term growth.
The highlight of the conclave was an engaging and insightful panel discussion moderated by Rajesh Nair, Partner, Ernst & Young LLP. Drawing from his extensive experience in business advisory and digital transformation, Rajesh guided the discussion through various aspects of AI adoption, helping bridge the gap between technological possibilities and practical business applications.
The distinguished panel included Shri Gokulam Gopalan, Chairman & Managing Director, Sree Gokulam Group; Dr. A. V. Anoop, Managing Director, AVA Group; Shri Dinesh P. Thampi, Vice President & Head, TCS Kerala; Shri Deepak L. Aswani, Chairman & Managing Director, Aswani Lachmandas Group; Dr. Jolly Antony, Chairman, Vibe Munnar Resort & Spa, Managing Director, The Fog Resort & Spa, Munnar, Chairman, Alsafina Travel Group (UAE & India), and Growvia.biz; and CA Vivek Krishna Govind, Senior Partner, Varma & Varma.
The event attracted an audi-
ence comprising business owners, corporate executives, professionals, academicians, and aspiring entrepreneurs, all eager to gain insights into the evolving business landscape. The conclave served as a valuable platform for networking, collaboration, and the exchange of ideas among individuals committed to driving innovation and growth within their respective industries.
The successful conduct of the conclave once again demonstrated the commitment of Pegasus Global Pvt Ltd, FICF, and INMECC to creating meaningful platforms that address contemporary business issues and inspire actionable insights. With participation from some of the most respected names in business and industry, the event further strengthened its reputation as a significant gathering for thought leaders and decision-makers.
As the curtains came down on the Manappuram Unique Times Business Conclave 2026, the event left attendees with fresh perspectives on the future of business and the growing influence of technology in shaping organizational success. Through its focus on innovation, leadership, and collaboration, the conclave reaffirmed its position as a landmark business forum that continues to contribute to the advancement of industry and entrepreneurship
Adv Sherry Samuel Oommen: This article is authored by Adv Sherry Samuel Oommen. He specialises in the Constitution, tax and corporate laws and has also cleared the final exams of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India and the Institute of Company Secretaries of India. He has also completed his Masters's Degree in Commerce, apart from obtaining a Post Graduate Diploma in Business and Corporate Laws from Symbiosis, Pune. The views expressly are personal and should not be construed as a legal opinion. sherryoommen@nashcp.com.
From First Appeal To Second Appeal: Completing The GST Dispute Chain
The Goods and Services Tax Appellate Tribunal, better known as GSTAT, is one of the most important institutional developments in India’s GST journey. GST was introduced with the promise of a unified indirect tax system, but for several years one critical part of the dispute-resolution structure remained incomplete: a fully functional second appellate forum. Taxpayers could file a first appeal before the departmental appellate authority, but in the absence of GSTAT, many matters travelled to High Courts through writ petitions, even where the dispute was mainly factual — such as reconciliation, input tax credit, valuation, classification, refund rejection, cancellation of registration or penalty, thereby clogging the system. The GSTAT, Ernakulam Bench for Kerala and Lakshadweep has been operational since March 2026 in a temporary office. One cannot await the day when the GSTAT starts functioning at its permanent office.
Moving on, the Union Finance Minister formally launched GSTAT in New Delhi on 24 September 2025. The Government described GSTAT as a statutory appellate body constituted to hear appeals against orders passed by GST appellate authorities and to provide taxpayers with an independent forum for justice. GSTAT is designed to function through a Principal Bench in New Delhi and 31 State Benches across
45 locations, giving the institution both national reach and regional accessibility. Each Bench is expected to combine judicial and technical expertise, with Judicial Members and Technical Members from both the Centre and the States.
The launch of GSTAT is not merely an administrative event. It completes a missing link in the GST appellate chain. The first appeal under GST lies before the Appellate Authority under section 107 of the Central Goods & Services Tax Act, 2017 (“CGST Act” or “the Act”). The second appeal lies before the Appellate Tribunal under Section 112 of the CGST Act. At this stage, disputes arising from both Central and State GST administrations also comes before this specialised forum. This is why GSTAT is expected to bring greater consistency in interpretation, predictability in outcomes and credibility to GST litigation. One would also expect the lower authorities to follow the binding precedent of the GSTAT.
The immediate policy background was the 56th GST Council meeting held on 3 September 2025. The Council recommended that GSTAT should be made operational for accepting appeals before the end of September 2025 and should commence hearings before the end of December 2025. It also recommended 30 June 2026 as the limitation date for filing backlog appeals. As of today, the most important prac-
tical fact is the deadline. For orders communicated before 1 April 2026, the appeal before GSTAT may be filed up to 30 June 2026. For orders communicated on or after 1 April 2026, the normal limitation period of three months from the date of communication applies. This position has been notified through S.O. 4220(E) dated 17 September 2025, issued under section 112(1) of the CGST Act.
This deadline should not be treated casually. Many taxpayers have orders passed under section 107 or section 108 which could not earlier be appealed before GSTAT because the Tribunal was not operational. These are the backlog matters. Every taxpayer and counsel should immediately identify all such orders, check the date of communication, verify whether the order is uploaded on the GST portal, confirm whether any demand ID or recovery entry exists, and decide whether the matter should be filed before GSTAT before 30 June 2026. It would not be apposite to state that appeals would need to be filed electronically in accordance with GSTAT (Procedure) Rules, 2025.
The Tribunal stage is especially important because GSTAT is the final serious stage for establishing facts. Once the matter moves beyond GSTAT, the appeal is generally narrower. An appeal from the State Bench of the Tribunal to the High Court lies only where the High Court
is satisfied that the case involves a substantial question of law. Therefore, weak factual preparation at GSTAT can seriously prejudice the taxpayer later.
The appeal should be prepared like a proper litigation file, not like a routine portal filing. The usual documents include the show cause notice, reply, order-in-original, first appeal, order-in-appeal, statement of facts, grounds of appeal, computation of demand, pre-deposit proof, relied-upon judgments, authorisation or vakalatnama, affidavits wherever required, and condonation application if there is delay. One should also ensure proper indexing, pagination, legible scanning, translation where required, correct classification of the dispute and consistency between the facts pleaded and the documents uploaded.
Pre-deposit is one of the most important areas where taxpayers make mistakes. Under section 112(8) of the CGST Act, an appeal before GSTAT cannot be filed unless the appellant pays the admitted amount in full and, in addition, pays 10% of the remaining amount of tax in dispute. This is in addition to the amount already paid at the first appellate stage under Section 107(6) of the Act, subject to the statutory cap. Once the amount under Section 112(8) of the Act is paid, re-
covery proceedings for the balance amount are deemed to be stayed till disposal of the appeal.
In practical terms, many taxpayers will already have paid 10% of the disputed tax at the first appeal stage. At the GSTAT stage, they generally need to pay a further 10% of the remaining disputed tax. Therefore, the cumulative statutory pre-deposit across the first and second appeal stages may broadly come to around 20% of the disputed tax, subject to the exact facts, statutory caps, admitted liability and the nature of the order. Taxpayers must not confuse admitted demand with disputed demand. The admitted amount must be paid fully; pre-deposit applies only to the disputed portion.
The question of recovery during the period when GSTAT was not functional had earlier created serious hardship. CBIC Circular No. 224/18/2024-GST clarified that where the first appellate authority had confirmed a demand and the taxpayer intended to appeal before the Tribunal, the taxpayer could pay an amount equivalent to the required section 112 pre-deposit and file an undertaking that the appeal would be filed when the Tribunal became operational. On such compliance, recovery of the remaining confirmed demand would stand stayed under section 112(9).
Recent High Court decisions show why this point matters. In Supreme Infotrade Pvt. Ltd. vs. Assistant Commissioner of State Tax (2025) 33 Centax 251 (Cal.) [0608-2025], the Department had recovered the entire tax demand even before the statutory appeal period expired. The Court held that the authorities committed a grave error in recovering the demand before expiry of the appeal period and directed refund of the balance amount after retaining only the permissible statutory percentage, considering sections 107(6) and 112(8).
A major 2026 development relates to GSTAT’s role in advance ruling disputes. The Finance Act, 2026 received the President’s assent on 30 March 2026. Section 156 of the Finance Act, 2026 came into force on 1 April 2026 and inserted a new sub-section (1A) in section 101A of the CGST Act. This new provision says that until the National Appellate Authority for Advance Ruling is constituted under section 101A(1) of the Act, the Government may, on the recommendation of the GST Council and by notification, empower any existing authority constituted under any law to hear appeals under Section 101B of the Act. The explanation specifically states that “existing Authority” includes a Tribunal.
This amendment is important
because Section 101B of the CGST Act deals with conflicting advance rulings. Where Appellate Authorities for Advance Ruling of two or more States or Union Territories give conflicting advance rulings on the same question, an eligible applicant or authorised officer may appeal to the National Appellate Authority. The appeal by an applicant is generally required to be filed within 30 days from communication of the last conflicting ruling, with a further condonable period not exceeding 30 days.
The correct present legal position should therefore be stated carefully. The GST Council has recommended that the Principal Bench of GSTAT will serve as the National Appellate Authority for Advance Ruling. The Finance Act, 2026 has created the statutory mechanism to empower an existing authority, including a Tribunal, to perform that function until the regular National Appellate Authority is constituted. The Government vide Notification 18/2024 dated 07.05.2026 has notified the Principal Bench of GSTAT to hear appeals under Section 101B of the CGST Act.
This development matters for businesses operating in multiple States. Under GST, advance rulings have often been useful, but they have also produced uncertainty because different State authorities have sometimes taken different views on classification, rate, exemption, input tax credit or the nature of a transaction. A national-level appellate mechanism can reduce such inconsistency. If the Principal Bench of GSTAT performs this function ef-
fectively, it can help bring certainty to transactions that otherwise face different tax treatment in different States.
For ordinary GSTAT appeals, the most common disputes are expected to involve input tax credit, mismatch between returns, supplier default, classification, valuation, refund rejection, cancellation of registration, e-way bill penalties, credit notes, place of supply and procedural non-compliance. In such matters, taxpayers should not rely only on legal arguments. GSTAT will examine the facts. Books of account, invoices, credit notes, ledgers, e-way bills, GSTR-1, GSTR-3B, GSTR-2B, annual returns and reconciliation statements will often decide the strength of the case.
Mismatch disputes require special care. A difference between GSTR-1 and GSTR-3B, or between purchase register and GSTR-2B, is not automatically proof of tax evasion. At the same time, it is not automatically a clerical error. The taxpayer must explain the mismatch through documents. For example, the difference may arise due to credit notes, amendments, advances, year-end adjustments, wrong-period reporting, supplier reporting errors or cancellation entries. A strong appeal should tell the factual story clearly and support every claim with evidence.
For Counsels, GSTAT practice will require a combination of law, accounting, technology and litigation discipline. The statement of facts should be concise but complete. The grounds of appeal should identify the exact legal and factual errors in the
impugned order. The prayer should be specific. The demand computation should be understandable. The supporting documents should be arranged in a manner that allows the Bench to follow the dispute without confusion. Poor drafting, vague grounds, unreadable annexures and incomplete reconciliations can weaken even a good case.
Taxpayers should also review recovery exposure. If recovery has already been made beyond the statutory pre-deposit requirement, the decisions in Supreme Infotrade (supra) and Vidya Trading Co. (2026) 38 Centax 35 [Cal] become important references. In the case of Vidya Trading Co (supra), the Calcutta High Court was pleased to hold that once the pre-deposit as mandated in law (ie, 10 percent of the disputed tax) is paid, the balance amount is deemed to be automatically stayed having regard to the provisions of Section 112(9) of the CGST Act. In the said case, the Department was directed to recredit the amounts illegally collected over and above the mandated pre-deposit.
The beginning of GSTAT should therefore be seen as both an opportunity and a warning. It is an opportunity because taxpayers finally have a specialised second appellate forum. It is a warning because limitation, pre-deposit, court fee, documentation and portal compliance can no longer be postponed. The 30 June 2026 date is not far away. Every pending order should be reviewed now, every disputed demand should be recomputed, every document should be indexed, and every appealable matter should be prepared well before the last week.
If GSTAT functions with independence, speed and consistency, it can reduce unnecessary writ litigation, improve taxpayer confidence and bring much-needed certainty to indirect tax disputes. But its success will also depend on how taxpayers and counsels approach it. GSTAT should not be treated as another routine compliance portal. It is the final serious forum for facts under GST, and the quality of preparation at this stage may decide the future of the dispute
In today’s uncertain world, relying on just one source of income can be risky. Passive income helps reduce that risk.
Why Passive Income Is No Longer Optional
The risk of relying on only your employment as a regular source of income is never more visible than during a crisis. Whether it is a war or a pandemic, the same truth shows up every time: if you have only one source of income, you are more vulnerable.
When COVID-19 struck in 2020, millions of people lost their jobs, businesses shut down, salaries were cut or deferred, but EMIs, rent, and school fees did not pause. A similar situation can be seen now with the ongoing global conflicts. Fuel and electricity costs are going up, food is getting more expensive, and businesses are passing these costs to customers. For most families, this simply means life is getting more expensive while income stays the same. When your expenses go up but your salary does not, you are effectively losing money every month.
Many people think passive income means earning money without doing anything whereas passive income is money you earn from something you have already built or invested in, such as property, stocks, or a digital product, which continues
to generate income without needing your daily effort. Your salary, or to an extent even your business, needs you to show up every day. But incomes like rental income, dividends or private investments can keep earning for you whether you are working, resting, or even on a vacation. Why It Matters More Than Ever
The traditional model of financial security of getting a stable job, saving diligently and retiring at 65 was built for a more predictable world, which no longer reliably exists. Layoffs happen suddenly. Industries are disrupted overnight by technology. Inflation quietly erodes the purchasing power of money sitting in savings accounts.
In today’s uncertain world, relying on just one source of income can be risky. Passive income helps reduce that risk. It does not remove uncertainty completely, but it spreads it out, so you are not dependent on just one source.
Common Passive Income Streams
1. Dividend
When you own shares in a company that pays dividends, you receive
a portion of its profits on a regular basis simply for being a shareholder. Over time, reinvesting those dividends compounds your returns significantly. The key is choosing companies with a long history of consistent, growing dividend payments.
2. Rental Property
Real estate is one of the oldest and most reliable passive income vehicles in existence. Owning a property and leasing it to tenants generates monthly cash flow while the underlying asset typically appreciates over time. It is not entirely hands-off as maintenance, tenant relationships, etc. often require attention. Real estate also acts as a natural hedge against inflation, since both rents and property values tend to rise as the cost of living increases.
3. Fixed Income
This includes fixed deposits, bonds, debt mutual funds etc. These are relatively straightforward and predictable, making them good for stability.
4. Private Business Investments
This is an area where many experienced investors quietly diversify their income. It can include invest-
ing in a friend’s or family member’s business or becoming a silent partner in a small or growing company or investing in structured opportunities that offer fixed returns.
Higher returns often come with higher risk. Hence, these investments require careful evaluation, trust, and proper documentation. But when chosen wisely, they can offer a mix of regular income and long-term wealth creation, while helping you diversify beyond traditional options.
5. Digital Products
One increasingly popular avenue for passive income is creating digital products. The internet has made it possible to build something once and continue earning from it over time. This could include an e-book, online course, stock photography collection, software tool, or other downloadable resources. While developing these products requires an initial invest-
ment of time, effort, and expertise, they can later generate recurring income with relatively low ongoing maintenance costs. Since the primary investment is skill rather than large capital, this option is accessible to a wide range of individuals.
6. Content and Royalties
Another potential source of passive income is earning through content creation and royalties. Writing a book, composing music, licensing creative designs, or building a YouTube channel with evergreen content can continue generating revenue long after the initial work is completed. Income may come through royalties, advertising, or platform monetisation. Although creating high-quality content often requires significant time and effort upfront, successful content assets can eventually provide a steady stream of income with limited ongoing involvement.
Common Mistakes to Avoid
1. Chasing High Returns Without Understanding the Risk
Investments promising unusually high returns often come with equally high risks. Many people are drawn to “too good to be true” opportunities without understanding the downside. Sustainable passive income is built on realistic, long-term returns and not quick gains.
2. Expecting Passive Income to Be Effortless
Most passive income streams require considerable effort upfront. A rental property involves finding the right location, arranging financing, handling documentation, and managing tenants. Creating an online course or YouTube channel may take months of consistent work before generating meaningful income. Many people quit too early because they underestimate this initial effort. The build phase should be viewed
as planting seeds that can produce income later, not as wasted effort.
3. Taking on Too Much Debt
Borrowing aggressively to invest, especially in real estate, can become dangerous if market conditions change. Many investors assume rental income will always comfortably cover loan repayments, but rising interest rates, vacant properties, or unexpected repairs can quickly strain cash flow. A property purchased with excessive borrowing can shift from being an asset to becoming a financial burden. Maintaining manageable debt levels and keeping emergency reserves is essential for long-term stability.
4. Ignoring Taxes
Passive income is still taxable
income. Rental income, dividends, royalties, and capital gains may all have different tax implications. Proper structuring and professional advice can make a significant difference to your actual returns.
5. Relying on Only One Source of Passive Income
Putting all your money or effort into a single type of passive income can create unnecessary risk. Someone relying entirely on rental income may struggle during a property market slowdown, while a person dependent only on social media revenue may be affected by platform algorithm changes. Diversifying across different income streams such as equities, real estate, fixed-income investments, and digi-
tal products creates greater financial stability over time.
The Larger Purpose
Financial independence through passive income is not just about building wealth, it is about creating freedom and flexibility in life. When a portion of your income continues to flow without relying entirely on your daily work, you gain greater control over your time, career choices, lifestyle, and future decisions.
Whether it is dividends, interest income, rental income, royalties, or digital product sales, each income stream represents something you have built that continues to work for you over time. That long-term security and independence is what makes passive income worth pursuing
M R Rajeshkumar Lead - Partner, GatewaysGlobal Family Business Advisory. www.gatewaysglobal.com
Succession planning evolved as one of highly relevant yet neglected areas. The results indicate that when only 33% of firms follow a formal succession policy, nearly 89% have strong awareness of its importance and have expressed interest in getting support for developing one.
Family-Based Businesses at a Crossroads: From Relationship-Based Continuity to Structure-Based Sustainability
Rethinking What Sustains Enduring Enterprises
Family businesses are unique systems that interconnect relationships, ownership, and management. These interrelationships offer resilience and continuity; however, they also bring invisible complications that are not detected through conventional business metrics. From this perspective, Gateways Global LLP Pvt. Ltd. performed a pilot study among family businesses using the Family Business Efficiency Quotient (FBEQ). FBEQ is a structured diagnostic framework developed to assess governance, alignment, succession willingness, and overall effectiveness of an organisation.
The study consolidated scalebased responses and lived experiences to gather both quantitative trends and qualitative ground realities in leadership, next-generation participation, and governance frameworks. The findings do not indicate a single model of success; rather, they
reflect a system in transition where relationship-driven strengths are increasingly being supplemented by structured and strategic approaches. The Shift from Relational Strength to Institutional
Maturity
The study reveals that most family-based businesses operate in relationship-oriented models, as the majority being owned and managed by the family. These enterprises are built on the foundation of trust, shared understanding and continuity.
Nevertheless, they lack formal governance system. Only about 25% of firms reported to have a family governance structure, while 58% do not have an established family council, and around 67% lack a policy for formal family succession. In terms of governance systems, around twothirds have well-defined entry and exit norms, whereas, these are absent among the remaining one-third. Almost 60% of those without such
norms have expressed their interest in developing a family constitution. This indicates that there is high dependency on relational strength. However, institutionalization is still a work-in-progress, as family enterprises move toward more structured governance frameworks.
Succession Planning: From Intent to Execution
Succession planning evolved as one of highly relevant yet neglected areas. The results indicate that when only 33% of firms follow a formal succession policy, nearly 89% have strong awareness of its importance and have expressed interest in getting support for developing one. Moreover, around 63% of businesses lack a well-defined induction programme aimed at next-generation family members. Among 50% of those without a formal entry policy, 67% expressed a need for support. Furthermore, 63% reported a lack of structured induction programs. This reveals a transformation
from implicit succession where continuity occurs naturally to intentional succession planning. Also, the businesses identified the need for the preparation and clarity for a structured system.
The Hidden Dynamics of Communication and Conflict
Interpersonal relationships remain central to the operation of family businesses. Around 67% of respondents report communication problems, and a similar number of relational conflicts within the organisation. Also, around 67% indicated that such conflicts occur between family members and non-family professionals.
A significant 80% expressed the need for aid in managing such conflicts.
Qualitative insights further highlight repeated issues such as conflicting goals and egos and generational gaps. These findings emphasise a significant insight that an alignment within the family structure is as relevant as a strategic plan that ensures organisational effectiveness.
Bridging Gaps in Strategic Alignment
Organisation alignment across these family businesses remained in-
consistent. Only 42% of respondents report to have a clearly structured and collectively approved business goals compared to last year.
This suggests that most family businesses follow an informal alignment with shared understanding but lacks formal documentation systems. As businesses expand structured planning limitations can cause inefficiencies and poor alignment.
Unlocking the Next Phase of Professionalisation
Professionalisation is evident in family business, however, they largely concentrated at operational levels. The study reveals that the majority of family firms hire professionals at the Managerial level and about 50% at the General Manager level. Only very few family businesses hire professionals at the top leadership level.
With regard to compensation, 75% of respondents are satisfied with the reward systems, whereas 25% reported dissatisfaction.
Meanwhile, there is an increasing interest in engaging external expertise, with 58% of respondents agree to hire advisors.
This result suggests that even though family firms have started incorporating professionals, they need to fully utilise professional skills at
the leadership level. The reported dissatisfaction with reward systems may indicate underlying concerns about their equity and clarity.
Strengthening Governance and Defining Roles
Governance systems are growing, with 56% of respondents reporting role clarity among directors, and about 60% having defined who constitutes "family" within the business context. Nevertheless, 58% reported a lack of a family council, and 86% of them expressed a need for support in launching one.
However, qualitative insights reveal ongoing challenges such as lack of role clarity, equal participation, and ownership structure clarity.
This reflects a broader evolution from understanding implicit role to explicit governance structures, which is indispensable for accountability and sustained growth.
The Next Generation: From Participation to Leadership
Next-generation family members are largely engaged in family businesses. However, there is a clear realisation of the requirement for systematic support. Around 75% of respondents report that next-generation family members require direction for their business growth.
Their expectations revolve around defined governance frameworks, leadership development, and clarity in goals and ownership structures.
This highlights a transition toward capability-driven involvement, where next-generation family members seek well-defined roles and structured growth rather than focusing solely on inheritance.
Closing the Gap in Digital Integration
Technology adoption shows a mixed response. For training and development, 58% of respondents express willingness to adopt digital platforms, however, only 36% currently use digital tools for financial management and 9% still rely on manual, consultant-based methods.
This indicates that although the level of awareness on digital tools is increasing, its real implementation is limited. This highlights a gap in integration of technology within family enterprises.
Resilience and the Commitment to Continuity
Even though family business faces many challenges, they show a strong commitment to continuity. Around 70% of respondents have not considered exiting the business. This reflects a deep-rooted attachment and future orientation to their family businesses.
However, in case of exit considerations, they are pressured by inter-
nal factors such as a poor structure, operational challenges, governance gaps, and family conflicts.
This indicates that the primary determinant of continuity of family firms is internal dynamics rather than external market forces.
Navigating a System in Transition
The pilot study clearly reveals a uniform pattern of evolution among key dimensions. That is family firms are steadily moving from informal structure to well-defined systems, from relationship-focused alignment to accountability system, and from implicit succession to formal leadership transitions.
At the same time, involvement is transitioning from role-based to more capability-driven engagement, which reflects shifting expectations across generations.
From Legacy Preservation to Capability Building
In the recent era, family enterprises are prominent in their ability to exhibit resilience and in undergoing structural change. During crises such as COVID-19, respondents indicated issues such as communication silos, weak governance, undefined roles, and a lack of clear delegation of authority as the main challenges, with communication and alignment emerging as the most frequently reported concerns. Nowadays, the intrinsic traits of trust, continuity, and long-
term viewpoint continue to be true in family enterprises. However, the challenges in the environment and family succession are making the need to have structure and clarity more pronounced.
The conclusions reveal a separate trend:
"From Relationship-Based Continuity to Structure-Based Sustainability"
The Family Business Efficiency Quotient (FBEQ) serves as a vital framework for understanding and conveying through this trend to help enterprises improve governance, define roles, and implement systems. About the Research Initiative
This research conducted by Gateways Global LLP aimed to provide understanding based on empirical conclusions into the ever-changing dynamics of family businesses. Gateways Global operates at the interface between family, ownership and enterprise structures, particularly in the process of evolution of business enterprises from one generation to another without losing alignment, coherence and effectiveness.
This current study is within the context of a continued effort to capture the lived experiences and transform them into useful insights that will enable family business organizations to remain coherent, sustainable and future-ready by examining their participation in various areas
Rajiv Ambat
Lifestyle
Disorders Coach & Founder - SOLVEMyHealth
Rajiv Ambat is a well-known speaker and the author of the best-selling book ‘The Midriff Crisis’. As a lifestyle expert, Rajiv leads the team at SOLVEMyHealth, which includes experienced dieticians, exercise specialists, and medical doctors. Together, they help clients manage a wide range of health concerns through structured, scientific, and personalised lifestyle interventions. The team specialises in treating and managing lifestyle-related conditions such as obesity, diabetes, high cholesterol, fatty liver, and PCOS through customised diet and exercise plans tailored to each individual’s needs.
Addiction Recovery Is More Than Sobriety: Rebuilding Health, Habits & Life!
Every year, June 26 is observed as the International Day Against Drug Abuse and Illicit Trafficking, commonly known as World Drug Day. Established by the United Nations, the day highlights the impact of substance abuse on individuals, families, and communities, while emphasizing the importance of prevention, treatment, and recovery.
While World Drug Day focuses primarily on illicit drugs, the challenges of addiction extend far beyond narcotics and include alcohol and tobacco, which contribute substantially to health concerns. For many people, substance use is a way of coping with stress, boredom, social pressures, trauma, or unresolved psychological issues. Hence, simply removing substance without dealing with the underlying reasons is not useful.
Also, it is important to understand that sobriety may be the beginning of recovery, but it is not the destination. Lasting recovery requires more than avoiding a substance. It involves rebuilding physical and mental health and developing healthier coping mechanisms to deal with stress or boredom.
Addiction is more than just a weak willpower
Addiction is a chronic condition in which a person continues to use a substance despite knowing that it is causing harm to their health, relationships or work. It is not simply a matter of weak willpower or poor self-control. The repeated use of substances alters the way the brain functions, making it increasingly difficult for a person to stop, even when they genuinely want to. This is why, just educating the person about the health impacts and telling them not to consume alcohol or use tobacco, is not enough!
Our brain has a reward system that encourages behaviors important for survival, such as eating, social bonding, and reproduction. When we engage in these activities, the brain releases chemicals like dopamine, that create feelings of pleasure, satisfaction, and motivation. All addictive substances stimulate this reward system, often producing a much stronger effect than natural rewards. The brain interprets this intense pleasure as something important and begins to remember it. In simple terms, the brain starts learning that the substance is a
quick and reliable way to feel good or escape discomfort!
Initially, the substance produces feelings of pleasure, relaxation, or relief. However, over time, the brain adapts to these repeated surges of dopamine and other neurotransmitters. As a result, the same amount of the substance produces a weaker effect, causing the person to need larger amounts to achieve the same feeling. This process is known as tolerance.
At the same time, the brain becomes less responsive to everyday pleasures of life such as spending time with family, exercising, pursuing hobbies, or achieving personal goals. The substance gradually begins to occupy a central place in the person's life.
The brain also starts forming powerful memories associated with substance use. Certain people, places, situations, smells, emotions, or even times of day become linked to the substance. This means, cravings can appear suddenly out of nowhere, when a person encounters a familiar trigger, even after long periods of abstinence.
Another important change occurs in the areas of the brain respon-
sible for judgment, decision-making, and self-control. Repeated substance use can weaken the brain's ability to resist impulses and make rational decisions.
As addiction progresses, substance use becomes less about seeking pleasure and more about avoiding discomfort. The person may continue using not because they enjoy it, but because stopping leads to cravings, irritability, anxiety, restlessness, low mood, or withdrawal symptoms.
In simple terms, addiction changes the brain in three important ways:
1. The brain begins to strongly desire the substance.
2. Normal pleasures become less satisfying.
3. Self-control and decision-making become less effective.
This is why addiction is best viewed as a health condition involving changes in brain function, behavior, and coping mechanisms rather than simply a failure of character or willpower. Why Do People Become Addicted?
Addiction rarely develops because of a single factor. Instead, it
usually results from a combination of biological, psychological, and environmental influences.
One of the most common reasons people turn to alcohol, cigarettes, or drugs is to cope with stress, anxiety, loneliness, grief, trauma, or other forms of emotional distress. Initially, the substance may provide temporary relief, but over time the brain learns this association, making the behavior increasingly difficult to break.
Certain mental health conditions, including anxiety disorders, depression, PTSD, and ADHD, can further increase vulnerability to addiction. In many cases, individuals use substances as a form of self-medication, although this often worsens the underlying problem in the long run.
Genetics also play a role. Some individuals may be biologically more susceptible to addiction due to differences in how their brains respond to rewards, stress, and impulsive behavior. A family history of addiction can increase risk, though it does not determine one's future.
Finally, the environment matters. Family habits, peer groups, workplace culture, social norms,
and easy access to substances can all influence behavior. People who lack healthy ways to manage stress, meaningful social connections, or a sense of purpose may be more likely to seek relief or escape through alcohol, tobacco, or drugs.
Recovery Requires More Than Quitting
One of the biggest misconceptions about addiction is that recovery is simply a matter of stopping alcohol, cigarettes, or drugs. While quitting the substance is an essential first step, it is rarely sufficient on its own. Many people successfully stop using a substance, only to find themselves facing the same stress, anxiety, loneliness, relationship difficulties, unhealthy routines, and emotional struggles that contributed to the addiction in the first place. When these underlying issues remain unresolved, the risk of relapse remains high.
This is because addiction is not just a substance problem - it is also a behavioral, psychological, and lifestyle problem. Recovery therefore requires a comprehensive approach that addresses both the mind and the body.
Professional support often plays
an important role in this process. Psychologists can help individuals identify triggers, understand unhealthy thought patterns, develop coping strategies, and address underlying emotional issues. Psychiatrists may prescribe medications when appropriate to help manage withdrawal symptoms, cravings, anxiety, depression, or other co-existing mental health conditions. For many individuals, a combination of counselling, medical treatment, and lifestyle modification provides the best chance of long-term success.
An important part of recovery is learning to recognize triggers. A trigger is anything that creates an urge to use a substance. These may be external triggers such as certain people, places, social gatherings, or environments associated with past use. They may also be internal triggers such as stress, boredom, loneliness, anger, frustration, anxiety, or sadness.
For example, a person who used to smoke while having tea may experience cravings every time they sit down with a cup of tea. Someone who drank alcohol primarily in social settings may find gatherings difficult even after months of abstinence. Others may notice that cravings appear during periods of stress because their brain has learned to associate the substance with temporary relief.
This is where the environment becomes critically important. Consider a dirty plate that has been thoroughly washed. The plate may be clean, but if it is placed back into a dirty sink or a dirty shelf, it will not remain clean. In much the same way, a person may successfully stop using alcohol, cigarettes, or drugs, but if they return to the same environment, social circle, routines, and triggers that encouraged the addiction, maintaining recovery becomes much more difficult.
Recovery often requires changing not only behaviors but also surroundings. This may involve avoid-
ing high-risk situations, distancing oneself from people who encourage substance use, building healthier social connections, creating structured daily routines, and spending more time in environments that support well-being.
The Role of Lifestyle in Recovery
Recovery from addiction is not only a psychological process; it is also a process of physical healing. Long-term use of alcohol, tobacco, or drugs can affect multiple organs, disrupt normal brain function, alter metabolism, impair sleep, and contribute to nutritional deficiencies.
Nutrition
Nutrition is often overlooked in addiction treatment, yet it directly influences both physical and mental health. Chronic alcohol consumption, for example, can interfere with the absorption and utilization of several nutrients, particularly B vitamins such as thiamine (Vitamin B1), folate, and Vitamin B12. Thiamine deficiency is especially concerning because it can contribute to memory problems, cognitive impairment, and serious neurological complications. Many individuals recovering from alcohol dependence may therefore require nutritional assessment and, in some cases, supplementation under medical supervision.
Adequate protein intake is also important during recovery. A diet that includes adequate amounts of fish, eggs, dairy products, pulses, legumes, soy products, lean meats, and nuts helps provide the building blocks needed for both physical and neurological recovery. Inadequate protein intake can worsen fatigue, impair healing, and affect mental well-being.
Another nutrient commonly affected in people with alcohol dependence is magnesium. Low magnesium levels have been associated with poor sleep, anxiety, muscle cramps, fatigue, and irritability. Similarly, deficiencies of zinc,
Vitamin D, and other micronutrients are not uncommon among individuals with long-standing substance use disorders. A balanced diet containing vegetables, fruits, whole grains, legumes, nuts, seeds, and quality protein sources can help address many of these deficiencies while supporting overall health.
Liver health also deserves attention, particularly among individuals recovering from alcohol misuse. The liver performs hundreds of functions related to metabolism, detoxification, nutrient storage, and hormone regulation. Adequate protein intake, plenty of vegetables and fruits, healthy fats, and minimizing highly processed foods can support liver health. Hydration is equally important, as dehydration can contribute to fatigue, headaches, impaired concentration, and reduced physical performance. A balanced diet that promotes stable blood sugar levels also will help reduce cravings, mood swings, and energy fluctuations during recovery.
Exercises
While many people think of exercise primarily as a way to improve fitness or lose weight, its effects on the brain are even more important in the context of addiction recovery. One of the most fascinating discoveries in neuroscience is the role of a protein called Brain-Derived Neurotrophic Factor, or BDNF. Often described as "fertilizer for the brain," BDNF supports the growth, repair, and survival of brain cells while helping the brain form new neural connections. This process, known as neuroplasticity, allows the brain to adapt, learn, and recover from injury or dysfunction.
Addiction alters several brain circuits involved in reward, motivation, stress response, learning, memory, and self-control. These changes can persist long after substance use has stopped. Research suggests that regular physical activity can increase BDNF levels and promote
neuroplasticity, potentially helping the brain recover from some of the changes associated with addiction. Studies have also shown that exercise can reduce cravings, improve mood, decrease symptoms of anxiety and depression, and enhance cognitive function.
Physical activity influences many of the same neurotransmitter systems affected by addictive substances. Exercise increases the release of dopamine, serotonin, endorphins, and other chemicals associated with improved mood and well-being. However, unlike alcohol or drugs, exercise provides these benefits while simultaneously improving cardiovascular health, metabolic health, sleep quality, and overall physical function.
The most effective exercise program is often the one that a person can perform consistently. Brisk walking, cycling, swimming, jogging, resistance training, yoga, and other forms of physical activity can all be beneficial. For many individuals in recovery, exercise provides something that is often missing during the early stages of abstinence - a healthy source of reward, accomplishment, structure, and purpose.
Importantly, exercise can also help address one of the major challenges in recovery: stress. Stress is one of the most common triggers for relapse. Regular physical activity improves the body's ability to
manage stress, reduces physiological stress responses, improves sleep quality, and promotes emotional resilience. Over time, individuals may find themselves relying less on substances to manage difficult emotions because they have developed healthier and more effective coping mechanisms.
Recovery is often described as a process of rebuilding one's life. Nutrition and exercise are not merely supportive measures; they are fundamental tools in that rebuilding process. Together, they help restore physical health, improve brainfunction, strengthen emotional resilience, and create a foundation upon which long-term recovery can be built.
Sleep & Stress Management
If lifestyle has three major pillars, the first two are nutrition and exercise, while the third is sleep and stress management. Together, these pillars form the foundation upon which long-term recovery is built. Improving sleep should be an active part of the recovery plan. Maintaining a consistent sleep schedule, obtaining morning sunlight exposure, limiting caffeine intake later in the day, reducing screen exposure before bedtime, and establishing a relaxing pre-sleep routine can all improve sleep quality. Reading, light stretching, prayer, meditation, or breathing exercises may help the
mind transition into sleep. If sleep is disturbed during the night, avoid the temptation to repeatedly check the time or use a mobile phone.
Managing stress is equally important. Rather than relying on substances to cope with difficult emotions, individuals in recovery should actively develop healthier coping strategies. Deep breathing exercises, meditation, yoga, prayer, journaling, spending time in nature, and meaningful social interactions can all help reduce stress and improve emotional resilience.
It is also important to identify and address major sources of stress wherever possible. Relationship difficulties, financial concerns, excessive work demands, and unhealthy social environments often contribute to emotional distress and increase relapse risk. Building a strong support network of family, friends, healthcare professionals, and recovery groups can provide encouragement, accountability, and practical assistance during difficult periods.
Remember - the goal of recovery is not to rely on willpower forever. It is to create a lifestyle, mindset, and environment that make healthy choices easier and addictive behaviors less appealing. When the causes of addiction are addressed - not just the substance itself, the chances of lasting recovery increase substantially!
Anup V Menon Sports Analyst and Knowledge Partner
Kohli anchored the innings when required and accelerated when the situation demanded. Phil Salt provided explosive starts in the early part of the tournament, while Venkatesh Iyer took over that role brilliantly in the later stages. Captain Rajat Patidar controlled the middle overs with maturity and intent.
RCB's Second Triumph and the Story of IPL 2026:
A Season of Evolution and Excellence
RCB joined the elite company of Chennai Super Kings and Mumbai Indians by winning the IPL crown in successive years. Unlike last year, when the pressure of winning their maiden title weighed heavily on them, this year's triumph was built on class in execution, precision in planning, and tactical clarity.
RCB always had the flair. Over the years, some of the biggest names in world cricket donned the red and gold. Yet, despite all the star power, there was little to show for it until 2025. Their journey bears a striking resemblance to that of Paris SaintGermain in European football. For years, PSG boasted the likes of Messi, Neymar and Mbappé, yet failed to conquer Europe. It was only when Luis Enrique and his think tank went back to the drawing board and built a system driven team that sustained success followed. The result was a Champions League title in 2025 and a successful defence of that
crown a year later.
RCB's transformation has followed a similar path. For years, they were viewed as a side capable of scoring runs at will but lacking the bowling depth and balance required to win titles consistently. Their auction strategies were often questioned, and team combinations rarely looked settled. However, over the last two seasons, they have covered all bases, thanks largely to the vision and planning of the backroom staff.
So, what stood out for RCB this year?
It was a delight to watch two seasoned campaigners, Virat Kohli and Bhuvneshwar Kumar, lead the batting and bowling units respectively. Who says age is a barrier? These two proved that consistency at the highest level has more to do with skill, temperament and experience than numbers.
Kohli anchored the innings when required and accelerated when the situation demanded.
Phil Salt provided explosive starts in the early part of the tournament, while Venkatesh Iyer took over that role brilliantly in the later stages. Captain Rajat Patidar controlled the middle overs with maturity and intent. Tim David, Jitesh Sharma and Romario Shepherd handled the finishing duties with remarkable efficiency.
The bowling unit was equally impressive. Josh Hazlewood, Bhuvneshwar Kumar and Krunal Pandya had clearly defined roles, while young Rasikh Salam emerged as a welcome addition to the attack. This clarity of responsibilities ensured that the team was never overly dependent on individual brilliance. More importantly, RCB's bowling attack consistently won them matches, something that had rarely been associated with the franchise in the past.
Rajat Patidar deserves special mention. As captain, he brought a sense of calmness and composure to the role. He ap-
peared tactically sharp, trusted his players, and rarely allowed pressure to influence his decision making. His leadership style was understated yet highly effective. He can undoubtedly be considered one of the captains of the season.
As mentioned earlier, RCB always possessed class and flair. Add clarity of thought and precision in execution to that mix, and you have a formidable unit. That is precisely what RCB have become over the last two years, resulting in back-to-back IPL titles.
While RCB dominated the headlines, IPL 2026 had several other fascinating stories to tell and facets this year.
The biggest among them was the emergence of Vaibhav Suryavanshi. At just 15 years of age, he became a household name across India and beyond. Scoring nearly 800 runs at a staggering strike rate of 237, he redefined fearless batting. Such numbers are almost unheard of in professional cricket. He smashed world class bowlers to all parts of the ground, finished as the leading six hitter and the top scorer of the tournament, and deservedly won the Most Valuable Player award. Time
and again, he single handedly turned matches in his team's favour. If nurtured properly, cricket may well have discovered its next superstar.
IPL 2026 also witnessed a dramatic shift in batting dynamics. A score of 250 became the new 200, with teams no longer feeling secure even after posting 200-plus totals. Power hitting reached unprecedented levels, and powerplays often turned into nightmares for bowlers.
Vaibhav Suryavanshi, Priyansh Arya, Abhishek Sharma, Ishan Kishan, Shubman Gill, Sai Sudharsan, Heinrich Klaasen, Tim David, Ryan Rickelton and Rajat Patidar were among the standout performers, maintaining extraordinary strike rates throughout the tournament. Fearless batting replaced risk management, and teams were willing to attack relentlessly regardless of conditions. More often than not, the first six overs determined the outcome of matches.
The season also belonged to the youngsters. Emerging players carried franchises alongside, and often ahead of, established stars. The game continues to evolve rapidly, and IPL 2026 demonstrated that balance and depth have become more
important than dependence on a handful of superstars.
Despite all the batting mayhem, the fast bowlers ensured they remained relevant. Bhuvneshwar Kumar and Kagiso Rabada stood out with their consistency and control, with Rabada ultimately claiming the Purple Cap. Jofra Archer, too, was at his destructive best throughout the season. Interestingly, fast bowlers accounted for nearly 70 percent of the wickets taken, highlighting the continued importance of quality pace bowling in the shortest format.
IPL 2026 will be remembered as the season in which T20 cricket became even more aggressive, driven by intent and fearless execution. Gujarat Titans had the consistency. Sunrisers Hyderabad possessed the firepower. Rajasthan Royals captured the imagination with their youthful exuberance.
Yet, when all the dust settled, it was RCB's tactical clarity, squad balance and precise execution that separated them from the rest. They always had the flair. Now they have the structure, discipline and consistency to match it.
Worthy Champions - Royal Challengers Bengaluru
Dr. Suresh Nair, Educationist | Former Principal & Advisor, Vivek Education Society
Mahabaleshwar Temple is a 4th-century Dravidian-style shrine dedicated to Lord Shiva, famed for housing the sacred Atmalinga. It is revered as ‘Dakshin Kashi’ and is one of the seven Muktikshetras (salvation sites) in Karnataka, with Maha Shivaratri and Ratha Yatra being its most celebrated festivals.
Mahabaleshwar Temple: Home of Atmalinga
The Mahabaleshwar Temple in Gokarna, Karnataka, is renowned for housing the revered Atmalinga, a symbol of immense spiritual power and devotion. According to legend, the Atmalinga was gifted to Ravana by Lord Shiva, only to be enshrined here in Gokarna. This sacred relic makes this temple one of the most important pilgrimage destinations in India. The temple is located on Koti Teertha Road, Gokarna, about 500–600 metres from the main bus station and 10 km from Gokarna Road Railway Station, in Uttara Kannada district. Visitors can easily reach the temple by local buses or auto-rickshaws from the Gokarna bus stand. The nearest airport to Mahabaleshwar Temple is Goa International Airport (GOI), which is about 107 km away.
The main deity of this temple is Lord Shiva. Visitors to Mahabaleshwar Temple often speak of the profound sense of peace
and spirituality they experience here. Whether you are a devout pilgrim or a curious traveller, this temple offers a serene environment for reflection, prayer, and inner discovery. The tranquil surroundings of Gokarna, coupled with the temple’s spiritual ambience, create the perfect setting for a transformative journey.
Mahabaleshwar temple is a masterpiece of Dravidian architecture, showcasing intricate carvings, towering gopurams (temple towers), and a serene inner sanctum. The artistry reflects the dedication and craftsmanship of ancient builders, creating an atmosphere that is both awe-inspiring and tranquil. Each element of the temple’s design has been carefully preserved to maintain its historical and cultural integrity.
Mahabaleshwar Temple is a 4th-century Dravidian-style shrine dedicated to Lord Shiva, famed for housing the sacred Atmalinga. It is revered as ‘Dakshin
Kashi’ and is one of the seven Muktikshetras (salvation sites) in Karnataka, with Maha Shivaratri and Ratha Yatra being its most celebrated festivals.
As per the known history, this temple was built between 345365 CE by Mayuravarma of the Kadamba dynasty atop the already present Atmalinga. Classical Dravidian style of architecture, later expanded during the Vijayanagara period. This temple is referenced by Kalidasa in Raghuvamsha (4th century) and in Tamil texts like Tevaram. According to belief, Ravana, the demon king of Lanka, tried to take the Atmalinga to his kingdom. Lord Ganesha tricked him and the Linga remained at Gokarna. This legend explains the name Gokarna (cow’s ear), linked to the site’s geography.
The importance of this temple is the Atmalinga also known as Pranalinga, considered as a selfmanifested (swayambhu) Shiva Linga, believed to grant immense blessings even by a mere glimpse
of it. This temple is regarded as sacred as Varanasi (Kashi) in North India. It is also one of the seven holy salvation sites (Muktikshetras) in Karnataka, where Hindus perform their last rites and ancestral rituals.
The main festival celebrated here is Maha Shivratri, which attracts thousands of devotees. Other celebrations include Ratha Yatra (Chariot procession) of Lord Shiva’s idol through the streets of Gokarna. The annual Ratholsavam where the deity is being taken
through the streets symbolises the divine blessings for the town.
Daily rituals like Bilvarchana, Rudrabhisheka, Panchamrutabhisheka and special Nagabharana (gold/silver adornments) poojas are also held here. Free meals (Amrutanna Prasad) are served twice daily to all the devotees who visit the temple.
The ideal period to visit the Mahabaleshwar Temple is October to February, when the weather is pleasant and less humid, making it comfortable for darshan and ex-
ploring nearby beaches and shopping areas. The temple sees a large influx of pilgrims during Maha Shivaratri.
The Mahabaleshwar Temple in Gokarna is open daily from 6:00 a.m to 12:30 p.m and 5:00 p.m to 8:00 p.m, with free darshan and Annadanam served twice daily.
In short, Mahabaleshwar Temple is not just a religious site but a fusion of myth, history, and coastal culture, making it one of the most spiritually powerful destinations in South India
Dolly Neena
FOUNDER - GROUND DHARMA
To build an empire that lasts, one must shift from the reactive frenzy of the worker to the deliberate command of the sovereign leader.
Reclaiming The Architecture Of Entrepreneurial Power
The modern entrepreneurial landscape is littered with the burnout of high achievers who mistook motion for progress. For decades, the dominant narrative of the business world has been one of relentless consumption—consuming hours, consuming energy, and ultimately consuming the self in pursuit of the horizon. We have built an entire ecosystem on the myth of the hustle, a chaotic framework that demands an entrepreneur sacrifice their internal stability for market validation. Yet, the most profound realisation a founder can reach is that true productivity is not a measure of how much one can endure, but how deeply one can ground themselves in their own authority. To build an empire that lasts, one must shift from the reactive frenzy of the worker to the deliberate command of the sovereign leader. This evolution requires a radical dismantling of standard time-management doctrines. The spreadsheet of perfectly partitioned hours and the endless checklists are merely cosmetic fixes for a deeper structural challenge. When an entrepreneur operates from a place of fractured attention and internal noise, every task becomes heavier, and every decision becomes a potential point of failure. True efficiency is born when
external execution aligns perfectly with internal clarity. It is the art of creating an unshakeable foundation within oneself so that the inevitable storms of the marketplace cannot destabilize the vision. As Roman emperor and philosopher Marcus Aurelius noted centuries ago:
"He who lives in harmony with himself lives in harmony with the universe."
For the entrepreneur, this harmony is the ultimate leverage. When you are anchored, your decisions are clean, your strategy is sharp, and your execution becomes an effortless extension of your intent.
To master this level of output, a creator must understand the dual nature of focus, treating it as both a macro blueprint and a micro tool. The visionary trap is real; it is incredibly easy to get lost in the grand geometry of what could be, spinning intricate webs of future scale while neglecting the immediate reality of the present moment. Conversely, the manager trap is equally hazardous, burying a founder in the operational weeds until they lose sight of the horizon entirely. The sovereign entrepreneur masters the fluid transition between these two states. They possess the capacity to zoom out, viewing their enterprise from an elevated perspective to ensure every compo-
nent aligns with the grand design, and then instantly zoom down into the microscopic reality of a single, high-impact task. This is not multitasking; it is a disciplined, singular presence. When you are working on the foundation, the roof does not exist. When you are mapping the future, the daily minutiae are silenced. This absolute presence eliminates the mental friction that causes procrastination and fatigue, turning the act of creation into a precise, calculated unfolding.
This structural alignment must extend directly into the physical and energetic environments the entrepreneur inhabits. Motivation is a notoriously fickle ally, fluctuating with blood sugar, sleep cycles, and external validation. Relying on it to build a company is a recipe for volatility. The elite founder replaces the need for constant motivation with the permanence of architecture. By intentionally designing daily rituals, workspaces, and non-negotiable boundaries, you build a container that holds your vision for you. This container ensures that when you step into your arena, focus is not a conscious choice you have to fight for, but an automated response to the environment you have engineered. Your routine becomes a sacred geometry, a reliable framework
that protects your energy from being siphoned away by trivialities. When the structural foundation of your life is automated, your cognitive capital is liberated for the high-level creative and strategic thinking that actually moves the needle. You cease to be a firefighter reacting to every spark in your inbox and become the architect directing the flame.
Yet, no structure can survive if the core asset is allowed to degrade. The most glaring blind spot in traditional productivity philosophy is the treatment of the human being as a mere machine. In the pursuit of scaling enterprises, founders routinely neglect the very engine driving the growth: their own nervous system. An entrepreneur’s internal state is the ultimate template for their business. If a leader operates from a baseline of anxiety, scarcity, and frantic urgency, those exact qualities will replicate themselves across their team, their company culture, and their brand aesthetic. Protecting your internal grounding is not an act of luxury or a soft indulgence to be scheduled only when
the work is done; it is an aggressive, high-priority business strategy. Stepping away to recalibrate, to ground your feet on the earth, and to silence the digital noise is a mandatory act of preservation. In the words of the visionary poet and artist William Blake: "The man who never alters his opinion is like standing water, & breeds reptiles of the mind." Applied to the modern creator, the entrepreneur who never pauses to clear the stagnant buildup of mental clutter breeds chaos in their execution. True power belongs to the leader who can sit in silence, regulate their own energy, and return to the arena with an unclouded gaze.
From this place of profound internal grounding emerges a rare and potent form of marketplace authority. We live in an era saturated with noise, where thousands of voices are shouting the same derivatives of the same formulas, desperate for a fraction of the consumer's attention. The natural impulse for many founders is to join the chorus, overcomplicating their messaging, overthinking their content, and constantly tweak -
ing their delivery to match passing trends. This reactive posture is an immense drain on creative momentum. The sovereign entrepreneur recognizes that true authority does not shout; it resonates. When you speak directly to your audience from a position of unshakeable conviction, without seeking permission or filtering your truth through the lens of mass approval, your message cuts through the static like a blade. This requires a commitment to a direct, unfiltered style of leadership—one where you stand squarely in front of your community, look them in the eye, and deliver raw, uncompromised value. It is the ultimate optimisation of marketing because it eliminates the exhausting cycles of second-guessing and endless editing. Authenticity is the highest form of speed.
Ultimately, the journey of the entrepreneur is not merely a commercial pursuit, but a profound crucible for personal evolution. The business you build is a living mirror, reflecting back to you every area where you are disciplined and every corner where you remain ungrounded. To look at your enterprise and realize that its growth is perfectly tethered to your own self-mastery is both an immense responsibility and an extraordinary liberation. You are no longer at the mercy of market whims or competitive pressures; you are the primary variable. By prioritizing your sovereignty, structuring your environment, mastering your focus, and fiercely guarding your internal clarity, you transform the act of building a company from a desperate hustle into an intentional masterpiece. As the legendary philosopher Ralph Waldo Emerson famously wrote:
"Nothing can bring you peace but yourself. Nothing can bring you peace but the triumph of principles."
Let your business be the canvas where those principles are realized. Step into the arena not as a servant to the grind, but as the absolute ruler of your time, your focus, and your destiny. Build your empire from the inside out, and let the structure of your success be as unshakeable as the earth beneath your feet. Stay Grounded, move in Dharma
Dr Jolly Antony Chairman, Vibe Munnar Resort & Spa Managing Director, The Fog Resort & Spa, Munnar Chairman, Alsafina Travel Group (UAE & India) Chairman, Growvia.biz
Protecting wildlife requires substantial financial resources. Conservation programs often struggle with limited funding, making tourismgenerated income a vital lifeline.
Into the Wild: How Responsible Tourism is Helping Save Nature
Nature has always fascinated humankind. The thrill of spotting a tiger in its natural habitat, watching elephants roam freely across grasslands, or listening to the melodies of exotic birds deep within a rainforest creates unforgettable memories. Wildlife tourism offers these incredible experiences while also playing a crucial role in protecting the planet's most precious ecosystems. When managed responsibly, wildlife tourism becomes much more than a travel experience—it becomes a powerful force for conservation.
When Adventure Meets Purpose
Wildlife tourism is one of the fastest-growing sectors of the global travel industry. Millions of travelers venture into national parks, wildlife sanctuaries, marine reserves, and protected forests every year. Unlike traditional sightseeing, wildlife tour-
ism allows visitors to connect directly with nature and witness animals in their natural environments.
However, the true value of wildlife tourism lies beyond adventure. Entrance fees, safari permits, guided tours, and eco-lodges generate significant revenue that can be invested in habitat protection, antipoaching efforts, wildlife research, and community development. In many regions, tourism has transformed wildlife from a vulnerable resource into a valuable asset worth protecting.
Nature's Guardians:
How Tourism Funds Conservation
Protecting wildlife requires substantial financial resources. Conservation programs often struggle with limited funding, making tourismgenerated income a vital lifeline.
National parks and reserves use tourism revenue to maintain protect-
ed areas, hire park rangers, monitor endangered species, and combat illegal activities such as poaching and deforestation. In several countries, tourism has directly contributed to the recovery of species that were once on the brink of extinction.
For example, wildlife tourism has helped support conservation efforts for mountain gorillas, African elephants, sea turtles, and many other threatened species. Every visitor who pays an entry fee contributes, directly or indirectly, to preserving these remarkable animals for future generations.
Communities at the Heart of Conservation
One of the most effective conservation strategies involves local communities. When residents benefit economically from wildlife tourism, they become active participants in protecting natural resources.
Eco-tourism creates employment
opportunities for guides, drivers, hospitality workers, artisans, conservation officers, and entrepreneurs. As tourism income grows, communities often recognize that preserving wildlife is more beneficial than activities that may harm ecosystems.
This shift creates a positive cycle. Healthy ecosystems attract more visitors, which generates more income, encouraging even greater commitment to conservation. Communities become partners rather than bystanders in environmental protection efforts.
The Fine Line Between Tourism and Disturbance
While wildlife tourism can be beneficial, it is not without challenges. Poorly managed tourism can disturb animals, damage habitats, and place pressure on fragile ecosystems.
Large crowds, excessive vehicle traffic, littering, and irresponsible behavior can alter animal behavior patterns and reduce habitat quality. Marine ecosystems are particularly vulnerable to activities such as coral damage, boat pollution, and unregulated wildlife encounters.
This is why sustainable tourism
practices are essential. Responsible operators follow strict guidelines, maintain safe distances from animals, limit visitor numbers, and educate travelers about environmental protection.
The goal is simple: enjoy nature without harming it. How Travelers Can Make a Difference
Every tourist has the power to support conservation through conscious choices. Responsible wildlife tourism begins with respect for nature.
Before booking a trip, travelers should research operators that prioritize ethical wildlife experiences. Avoid attractions that exploit animals for entertainment or encourage direct interaction that may cause stress to wildlife. Choose eco-certified accommodations, follow park regulations, and leave no trace behind.
Simple actions such as staying on designated trails, reducing plastic waste, and respecting wildlife viewing distances can have a significant positive impact. Every responsible decision contributes to the longterm health of ecosystems.
A Future Where Wildlife and Tourism Thrive Together
As environmental challenges continue to grow, wildlife tourism has the potential to become an even stronger ally in conservation. Advances in sustainable tourism, conservation technology, and community-based initiatives are creating new opportunities to protect biodiversity while providing meaningful travel experiences.
The future of wildlife tourism depends on balance—a balance between exploration and preservation, economic growth and environmental responsibility, human curiosity and respect for nature.
Every safari, nature walk, birdwatching expedition, or marine adventure can become part of a larger conservation story. When travelers choose responsible tourism, they do more than observe wildlife; they help safeguard the natural world.
The next time you venture into the wild, remember that your journey is not just about discovering nature—it is about helping ensure that nature continues to thrive for generations to come
Ways to Keep Your Workplace Happy
Are you a business honcho who is seeking ways to boost productivity and improve sales? Then the key lies in making the workplace a happy spot. Sounds trivial, doesn’t it? But studies say that a happy workforce will pave the way for a workplace that brims with positivity. Research reveals that if the staff is happy and content, mistakes tend to be minimal, and they put in more effort to attain the company’s targets. According to management gurus, happiness in the workplace also fosters creativity and makes employees seek ways to iron out issues rather than being complaint boxes. In an atmosphere where each employee is lauded for his or her contributions, they become fast learners, and their productivity soars. Here are some ways to make happiness levels peak in the workplace
Give Recognition: It is imperative to note that nothing boosts the morale of an employee more than a word of praise or a token of appreciation for their efforts. Name the performers during weekly meetings and select the best as the ‘employee of the month’. Giving them a gift voucher or monetary remuneration will inspire others to give their best. If the staff feel that they are cared for and recognised for their output, then the office space becomes more positive. In short, the top brass should make appreciation a part of their routine. You can begin with a simple thank you or a pat on the back.
Give a Patient Ear: Always be attentive to the feedback of employees about issues in the office. Set up a forum where open communication is possible to gauge the levels of employee satisfaction. Implement ways
to minimise stress, boost creativity, and be open to welcoming new ideas. Doing so would give the impression that their voices are heard, and it would give them a sense of belonging that makes them happy.
Be Liberal With Perks: You can guarantee employee retention by being magnanimous with dispensing rewards, paid leaves, performance bonuses, staff lunches, paid vacations, and flexible working hours. This conveys the message that the organisation really values them and that they are part of the family. By providing remote working opportunities to employees whose families require their presence at home, loyalty and productivity are sure to reach unprecedented heights. Rewards, both big and small, have a big role to play in keeping the workplace happy.
Encourage Transparency: One of the main causes for negativ-
Always be attentive to the feedback of employees about issues in the office. Set up a forum where open communication is possible to gauge the levels of employee satisfaction. Implement ways to minimise stress, boost creativity, and be open to welcoming new ideas. Doing so would give the impression that their voices are heard, and it would give them a sense of belonging that makes them happy.
ity or toxicity in the organisation is the lack of transparency. Be honest in your dealings with all employees and desist from nepotism or favouritism. If you cultivate the trust factor, the staff will be happier as they know they have a superior or a mentor to whom they can confide their issues. It is crucial to communicate policy changes, mergers, acquisitions, and even downsizing to ensure that employees are not caught off guard.
Invest in Employees: It is
never a waste of money to invest in the growth of employees in terms of skills. Upskilling is the need of the hour, and therefore, one needs to provide staff with the best opportunities to learn and grow. Apart from sending them for advanced training, motivational speakers and soft skill trainers can be invited to the office for refreshing sessions. As they sit at the workstation all day, they need to be kept physically and mentally fit. Set up a small gym where they can work out, and
set apart a space where they can quietly meditate to beat stress. As far as possible, keep junk food out of the premises and instead bring in healthy snacks and food.
Give Fun a Chance: To beat stress and make work enjoyable, encourage fun activities within the office as well as staff outings and lunches. Such sessions foster bonding and camaraderie and minimise work-related tension. In a way, it makes the workplace feel more comfortable and cosy
Many people mistakenly stop using moisturizer during the rainy season, believing humidity provides enough hydration. Unfortunately, this can lead to dehydration and an imbalance in oil production.
Monsoon Glow: Skincare Secrets for Rainy Days
The arrival of the monsoon brings welcome relief from scorching summer temperatures. The sight of rain-soaked streets, lush greenery, and cool breezes creates a refreshing atmosphere that many eagerly await. However, while the rainy season refreshes nature, it can be challenging for our skin. Increased humidity, fluctuating temperatures, and damp conditions often lead to clogged pores, acne breakouts, dullness, and unexpected skin irritation.
The good news? With a few smart skincare adjustments, you can maintain healthy, radiant skin throughout the season. Here are the essential secrets to achieving that coveted monsoon glow.
Understand What Your Skin Needs
One of the biggest misconceptions about monsoon skincare is assuming that the skin requires less care because the weather feels cooler. In reality, high humidity can
trigger excess oil production, especially for those with oily or combination skin.
Instead of sticking rigidly to your summer routine, take time to observe how your skin responds to the seasonal changes. If your face feels greasy by midday, focus on oil control. If it feels tight after cleansing, your skin may still need hydration despite the humid weather.
Listening to your skin is the first step toward maintaining balance.
Cleanse Smart, Not Harsh
During the monsoon, dirt, sweat, and pollutants tend to accumulate more easily on the skin. Cleansing becomes particularly important, but over-cleansing can strip away natural oils and disrupt the skin barrier. Choose a gentle cleanser suited to your skin type and wash your face twice daily. Avoid harsh scrubs or strong cleansers that leave your skin feeling dry and uncomfortable. A clean face creates the perfect foundation for healthy, glowing skin.
Remember: squeaky clean does not always mean healthy.
Don't Skip Moisturizer
Many people mistakenly stop using moisturizer during the rainy season, believing humidity provides enough hydration. Unfortunately, this can lead to dehydration and an imbalance in oil production.
Opt for lightweight, non-comedogenic moisturizers that hydrate without feeling heavy. Gel-based formulas are particularly effective during humid weather. Proper hydration helps maintain skin elasticity and keeps your complexion looking fresh and vibrant.
Sunscreen Still Matters
Cloudy skies often trick people into skipping sunscreen. However, harmful UV rays can penetrate clouds and continue to affect your skin even on rainy days.
Apply a broad-spectrum sunscreen every morning and reapply when necessary, especially if you're spending extended periods outdoors.
Vikas VKS Managing Partner, VKS Beauty and Bridal Lounge
Protecting your skin from sun damage is one of the simplest ways to preserve a youthful glow year-round.
Say Goodbye to Clogged Pores
Humidity can make pores more susceptible to congestion, leading to blackheads and breakouts. Incorporating a mild exfoliation routine once or twice a week can help remove dead skin cells and prevent buildup.
Avoid excessive exfoliation, which can irritate the skin and trigger more problems than it solves. Think of exfoliation as a gentle refresh rather than an aggressive treatment.
Feed Your Glow from Within
Healthy skin starts with healthy habits. Rainy weather often encourages cravings for
fried snacks and comfort foods, but your skin benefits most from a balanced diet rich in fruits, vegetables, and water.
Seasonal fruits packed with antioxidants help combat environmental stressors while supporting skin repair. Staying hydrated is equally important, even if you don't feel as thirsty as you do during summer.
Your skincare products work best when supported by good nutrition.
Keep Makeup Light and Breathable
Heavy makeup combined with humidity can clog pores and cause your look to melt away quickly. Instead, embrace lightweight products that allow your skin to breathe.
Tinted moisturizers, waterproof mascaras, and minimal
foundation can help create a fresh, natural appearance while reducing the risk of breakouts. Sometimes, less truly is more.
Embrace Your Natural Monsoon Glow
The rainy season doesn't have to mean dull skin or frequent breakouts. With thoughtful cleansing, proper hydration, sun protection, and healthy lifestyle choices, your skin can remain luminous throughout the season.
Rather than battling the weather, work with it. Adjust your routine, stay consistent, and focus on nourishing your skin from both the inside and outside. After all, the secret to a beautiful monsoon glow isn't perfection—it's healthy, balanced skin that radiates confidence no matter what the forecast says
Aruna Rathod
Feature Writer | Travel, Food & Lifestyle
Sainte-Anne is home to just one resort, the Club Med Exclusive Collection, and it is boasts Coco, a giant turtle that will soon be a hundred years old. It also houses two UNESCO World Heritage sites: the Vallée de Mai (May Valley) Nature Park and Aldabra Atoll.
If you are looking for luxury in the middle of the Indian Ocean, head to Seychelles.
The island of Sainte-Anne is one of the closest islands (just 15m away by yacht) from Mahe island that houses the international airport and also the smallest capital in the world – Victoria.
Sainte-Anne is home to just one resort, the Club Med Exclusive Collection, and it is boasts Coco, a giant turtle that will soon be a hundred years old. It also houses two UNESCO World Heritage sites: the Vallée de Mai
(May Valley) Nature Park and Aldabra Atoll. This 220-hectare island has fantastic beaches that stretch for more than half a mile, bordered by coconut trees and the turquoise waters of the Indian Ocean full of clownfish and other colourful aquatic creatures, including Manta rays, and turtles. Between coral reefs and tropical forests, the Seychelles archipelago is made up of protected areas – starting with the SainteAnne Marine National Park, which surrounds the resort. What makes Seychelles
so special?
Seychelles is an archipelago, off the eastern coast of Africa, so the closest neighbour is Madagascar. It comprises 115 islands scattered across the ocean and this makes the Seychelles one of the world’s most dispersed nations in terms of land area.
As the plane descends, you are very close to the ocean and within seconds on mainland surrounded by a mountain range in the island of Mahe. The islands are characterised by granitic rock formations, dense forests, and
Seychelles: Sun, Sea, Sand And Natural Wonders
A destination that is often referred to as ‘Paradise’, Seychelles is indeed a bountiful and blessed country that beckons visitors
stunning beaches and the Aldabra Giant Tortoise is as famous as Coco de Mer – a rare nut. It is the cultural symbol of the Seychelles, the best place to see this rare nut is in its natural setting at the Vallée de Mai-home to the largest concentration of Coco de Mer trees in the world and also a UNESCO World Heritage Site on the island of Praslin. While everyone – and there aren’t too many people – understands English, the language spoken here is Creole and French. Knowledge-based activi-
ties and fun
While at Club Med, you will not be bored – besides endless views of the ocean in shades of blue and white sands, you can add knowledge to your itinerary by attending a session on the turtles that abound the ocean at Seychelles and the other endemic species. Twice a week, a biologist from WiseOceans (the marine conservation and education company) conducts a biodiversity awareness programme and offer visitors Marine Talk workshops and educational, environmentally
friendly snorkelling sessions. Besides this all other activities on offer are all non-motorized sailing, diving, archery, hiking, and more. In all, no fewer than 32 activities are included in a stay at Club Med Exclusive Collection Seychelles, making it a great destination for couples, families and senior citizens too.
The freedom to sail from island to island – on land and underwater
You can take a trip to the neighbouring island of Praslin or set off for La Digue. Take an
excursion to the city of Victoria, where the market stalls are rife with exotic fruits, fragrant spices, and fish caught that very morning. A city tour includes the only Hindu temple - the Arul Mihu Navasakthi Vinayagar with its multi-coloured sculptures, after which you can head to the King’s Garden, and the few low-rise buildings are a testament to the country’s colonial history. Creole, French, British, and Indian influences are visible in its architecture. The colonial-era Victoria Clock Tower is under renovation currently, but check out the Sir Selwyn Selwyn-Clarke Market and the Seychelles National Botanical Gardens.
Turtle Cove and The Reef Beach Lounge – Eats and drinks galore
The Turtle Cove pays homage to Coco, the island’s oldest turtle. The
lunch and dinner buffet is so lavish that it is impossible to eat all the offerings – ensure that you have a huge appetite when you head for the colourful, exotic dishes on offer and the range of desserts are absolutely yummy including French, Indian, Italian and Creole preparations. The Reef offers international classics as well as Creole-inspired recipes– like Fish and chips, poke bowl salad, Caesar salad, Reef Burger, Red Snapper with rice and salad.
Local cuisine
Seychelles has a heavy influence of African, Indian, French cuisine with a generous use of coconut milk, seafood, and local vegetables. Try out the Takamaka, the local rum that is distilled in the Takamaka district and while you can have it neat; there are a number of cocktails prepared with it.
Kari koko zourit is a curry with octopus cooked in coconut milk, flavoured with herbs and spices. It typically comprises of octopus cut into small pieces, which are first boiled, and then cooked with coconut milk. The concoction is flavoured with various herbs and spices. Each household makes it in their own style – with cubed eggplants, garlic, fresh ginger, curry leaves, cinnamon leaves, curry powder, saffron, masala, chilli powder, turmeric, and green hot chilli peppers.
Apart from tuna, the red snapper is very popular in Seychelles. Parson sale or salted fish is a another traditional dish on the Seychelles and used in a variety of dishes, including chutneys and fish curries, as well as in a local delicacy known as rougail, which is a type of piquant tomatoonion sauce
