Analysis of CA Final Results May’17

Please see [cajobportal] Analysis of CA Final Results May’17  at

Executive Summary

Just witnessed the ‘Post-GST” CA results day, the quantum leap in Single Group Results as well as both group results as compared to Nov’16.

As usual it created a bell curve of happiness for the 114,354 candidates who took the exam in May’17. There are Rank-holders, First attempts, one group cleared and now a CA or one group cleared and none cleared, now waiting for 2 PM on Wednesday, 1st November 2017 to write the exam again.

34,503 candidates appeared for both groups. Of this, 23% i.e. 7,928 candidates have some reason for happiness. They have cleared either one or both groups.

(Last term the comparable number was 11.6% and so it’s almost double)

Pass % for Group -1, almost doubled from 7.14% to 13.82% last term

Pass % for Group -2 increased from 12.3% to 16.2% last term

The results brings into the 270,000+ strong community, a fresh lot of 10,276 fresher Chartered Accountants.

(Last term the comparable number was 7,192, thus a 43% increase)

In the ICAI Campus process conducted in Mar’17, 118 organisations had offered 1267 jobs out of the 4261 candidates who had registered i.e. 29.7%. Let’s hope that the off-campus recruitment drives by companies/firms as well as the Campus Process in Aug-Sep’17 augurs well for the job aspirants.

Thanks & Regards
Sonia Singal | Co-founder: | 9163432140, 9088026253, 9836056252, 033-26548755

Trend in CA Final Pass % for Both Groups

Average pass percentage is 10.2% with standard deviation of 6.4% (10 terms)

The figures may not be comparable in the strict sense of the term. Since Nov’16, ICAI has started reporting the number of candidates who appeared for both groups and cleared both/one of them.

Thus, we now do not have any sense of the number of 1st Attempt Both Group CAs who are in the system

5 year trend in Group Wise Pass%

Average pass percentage is 14.7% with standard deviation of 6.7% (10 terms)

Average pass percentage is 14.5% with standard deviation of 4.6% (10 terms)


It is an All Boys Top 3 List. Girls as well as the North & Eastern parts of the country have missed the bus.

Raj Paresh Sheth from Dombivli, Maharashtra has scored 78.75% and secured the prestigious AIR 1. The MBB club of consulting firms as well as the premiere FMCG companies will be competing to have him on board. Or maybe he will decide to opt for UPSC or join a Big 4 in Taxation, just like Eti Agarwal, AIR 1 from Nov’16 batch did.

Agathiswaran S from Vellore and Krishna Pawan Gupta from Mumbai have stood second and third respectively.

 Please see [cajobportal] Analysis of CA Final Results May’17  at

International Yoga Day Special

(Image projected onto the UN building shows a woman doing the ‘Parvatasana’ or the ‘inverted V’ posture.)

We can’t over stress the importance of managing stress on the work-front

It creeps up on you the moment the alarm clock rings. Fingers reflexively unlock your phone. Emails and Whatsapp messages bound in with a jolly ping: Google Calendar notifications reminding you of things you should have done last week; pointless meeting requests; bills to pay.

Over a hurried breakfast you scan the news headlines: wall-to-wall misery.

On the train you turn to Facebook for relief ¬ Vinay is funnier than you. Avanish got promoted again. Aditi is enjoying to the hilt in Europe. You’re here, packed in, surrounded but alone, rattling your way towards another overstretched day.

Stress: we know what it feels like, we can smell it on others, we complain about it most days.

We can’t over stress the importance of managing stress on the work-front

 The UK government’s Health and Safety Executive estimates that stress cost the economy nearly ten million working days last year. Some 43 per cent of all sick days were attributed to stress. In the US, a large survey conducted by the National Public Radio network in 2014 showed that nearly one in two people reported a major stress event at some point in the previous 12 months. The year before that, American doctors wrote 76 million unique prescriptions for the anti-anxiety drugs Xanax and Ativan.

With the media running stories about stress-induced heart disease, strokes, obesity, depression, ulcers and cancer, it’s hard not to conclude that stress kills.

How HR can intervene to combat workplace stress

Interventions at an institutional level can be reactive, proactive, or enactive. If we seek to combat organisational stress head on, we need to be proactive in our approach

In order to understand how stress management can alter the roadmap for HR interventions on the workplace, let’s dwell on how stress is both the agent and the inhibitor of effective performance

The inverted U-curve relationship between task, drive and stress, propounded by Yerkes and Dodson is well known. For any given task there is an appropriate level of drive (stress) to produce optimal output.


Too little and the output is below optimal.

Too much and appropriate stress shifts into anxiety or distress that also results in reductions to output.

How Yoga permeates the Indian philosophy


The Indian word ‘Udyoga’ (which means Industry) contains in itself the word ‘yoga’. Thus, in Indian management thought, Udyoga is a yoga (Udyog hi yog hai/Udyog bhi ek yog hai). In popular terms Sharma[87,88] refers to this as the BHMS (Body–Heart–Mind–Soul) model. There is an interactive relationship between the Body, Heart, Mind, and Soul. They influence each other in varying ways.

YVK (Yoga, Vedanta, Kosha) constitute three ‘Eastern Doors’ that can be combined with ‘Western Windows’ (traditional Western Management theories and concepts). These ideas can be combined with various wisdom traditions to arrive at a new philosophy called ‘Western Windows, Eastern Doors, and Wisdom Corridors’ in the field of management and related social sciences.

Can HR facilitate these paradigm shifts?

Can the power of suggestion be a partial vaccination in the battle against the stress epidemic?

In 2007, Alia Crum, a psychology professor at Stanford University, showed that, if hotel maids come to think of their work as exercise, they lose weight and their blood pressure falls, apparently without them working any harder.

More recently, she described how UBS bankers who were shown videos about the life-enhancing effects of stress – how it can sharpen attention, boost cognition and force fresh perspectives – reported being more productive, focused and collaborative, and less afflicted by depression and anxiety.

Had too many good business lunches? Yoga helps manage your weight by creating a more positive self-image and, in turn, encourages you to think about nutrition and what you eat.

The “Space Out” competition – Possible in your organisation?

In South Korea, the “Space Out” competition held its third edition in May. Here you get rewarded for doing ‘absolutely nothing’. It involves participants sitting down and doing absolutely nothing. The competition was intended to encourage mobile-addicted, stressed out South Koreans to slow down. And to ensure that you’re in a complete “state of chill”, people’s heart rates were checked at 15-minute intervals. The winner of the competition is the person with the most stable heart rate.

The ‘Promega’ way


Consider this real life routine of employees at Promega, a private biotech business that employs 1,200 people worldwide and claims $300 million in annual revenue

As a half-dozen women filter into a yoga studio on a recent afternoon, passing glowing candles and Buddhist statuary, they absorb the ethereal voice of a woman crooning praises to the earth via a boombox set on a bare wooden floor. They sit on yoga mats, gaze toward foliage outside and draw in a collective breath, echoing the instructor leading this midday meditation class.
They are not here on vacation. Nor are they at a spa or a gym.

They are here on company time, paying rates heavily subsidized by their employer, because the people running Promega have concluded that meditation classes — along with yoga, ubiquitous fitness centers, workspaces infused with natural light, and healthy meals — contribute to a happier, healthier working experience. And happier, healthier workers make for a stronger business.

The ‘United Biscuits’ way

In a real-life example, United Biscuits, a British manufacturer, noticed an up-tick in employees reporting workplace stress. To counteract this, they implemented

  • Annual site risk assessments
  • Began tracking work-related illness versus non-work-related illness
  • Identified ‘hotspots’ for employee turnover, stress and absenteeism

United Biscuits’ program led to an estimated 40 fewer weeks of absence due to work stress.

Try banning emails to reduce stress

Recently, an Italian textiles company, called Gabel, realized that constant communication and the pressure to respond to emails quickly were one of the main causes of stress.

They banned internal work emails for a week as an experiment.

Managing director Emilio Colombo wrote:

“Together we will begin the following experiment, which will take us back in time to when people talked more”

We invite you not to use email for internal communications (between colleagues at the same location), in favour of a more direct and immediate contact.

What they found was that with limited access to emails, employees experienced significantly lower stress. Michele Moltrasio, president of Gabel, happily reported to BBC News:

“They are rediscovering the pleasure of meeting and talking rather than writing”

Modified Goal Setting Exercise

Can the HR help create a fear-free organization where human energy is not wasted in the way it is in many organisations? Could exceptional performance be the new norm and arise in ways that are entirely unexpected, delivered not as a goal-focused demand but as an expression of shared meaning and purpose?


An HRA combines a lifestyle survey and biometric tests such as blood pressure, cholesterol, glucose, and body mass index. The lifestyle responses (stress levels, physical activity, eating patterns, tobacco and alcohol use, and other health behaviour information) are often combined with the biometric data to calculate a health-risk status, or “real age.” This information is shared confidentially with each participant to help him or her track wellness progress and, when appropriate, receive company-provided assistance in an area such as nutrition counselling. Employees can often complete their biometric tests at company health fairs or on-site medical clinics.

Workshops for Post Appraisal Stress Disorder (PASD)

Just like yoga workshops that have been effective in helping Australian soldiers recover from post-traumatic stress disorder as they underwent the agony of Afghanistan and East Timor, HR can play a key role in organising a similar exercise to help employee cope up with the bell-curve induced appraisal blues.


Yoga adds to inner peace

Yoga helps create internal resiliency amongst staff. inner peace, calm and presence, weight management, flexibility, managing pain and improving your breathing. Two scientific reviews in 2005 on Yoga’s effects on anxiety and depression found that Yoga helps moderate reactions to and perceptions of stress, as well as significantly lifting depression. It bumps up levels of the neurotransmitter GABA which both lifts mood and suppresses anxiety according to a 2007 study on brain GABA levels and yoga.

Yoga adds to bottom-line

The performance of a corporation depends on the performance of its key assets—employees. Healthy employees are more productive and more cost effective.

Nelnet, an education finance firm, asks departing employees in exit interviews what they will miss most. The number one answer: the wellness program.

Since 1995, the percentage of Johnson & Johnson employees who smoke has dropped by more than two-thirds. The number who have high blood pressure or who are physically inactive also has declined—by more than half. That’s great, obviously, but should it matter to managers? Well, it turns out that a comprehensive, strategically designed investment in employees’ social, mental, and physical health pays off. J&J’s leaders estimate that wellness programs have cumulatively saved the company $250 million on health care

Every dollar invested in the intervention yielded $6 in health care savings.

57% of people with high health risk reached low-risk status by completing a worksite cardiac rehabilitation and exercise program.

Yogic HRs leading the way

Profit flows when individuals willingly bring their energies to an organisation that knows how to focus that self-directed energy in the service of the organisation’s strategic and operational goals.

  • ‘The stronger the spiritual factor of the personality, the more tolerant the person is of work failure and less susceptible to stress’
  • ‘The stronger the spiritual factor of the personality the more the person favors the democratic style of leadership, is more trusting and the higher is his/ her tolerance of human diversity’.
  • ‘The stronger the spiritual factor of the personality the more the person exhibits altruistic and citizenship behaviour’.
  • ‘The stronger the spiritual factor of the personality, the more the person’s commitment to the organization and work group increases’.

“You cannot do yoga. Yoga is your natural state. What you can do are yoga exercises, which may reveal to you where you are resisting your natural state. – “Sharon Gannon


Pranayama techniques, Asanas, guided Yoga Nidras and guided mindfulness meditation can work wonders to an individual’s physical, mental and spiritual fitness.

As key drivers of the above in the organisation, the new Yogic HR will pilot Yoga initiatives and thus might be looking towards the attachment emotions of excitement, joy and trust as the key creators of energy in the organisational system. In doing so, they will help employee attain their natural state of grounded, balanced, present, and grateful and thus contribute to organisational effectiveness. And mind you, this is no gut-level gamble. It is backed by centuries of proven practice.