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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar....

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar. Choose the Right Ingredients A Modak is only as good as the ingredients that go into it. Fresh coconut, good-quality jaggery, properly prepared rice flour and the right flavours all contribute to the final result. Our investments and financial products are the ingredients of our financial plan. Equities, mutual funds, fixed income, gold and other investments each have a specific role to play. The objective is not to pick whatever appears most exciting at the moment, but to select suitable, good-quality investments that match our financial goals, time horizon and ability to take risks. Health and life insurance are equally important ingredients. Adequate coverage helps protect savings, the family, and their financial goals and dreams. Good ingredients provide the foundation. But ingredients alone are not enough. Get the Recipe Right You may have the finest ingredients in the kitchen, but if the proportions are wrong, the Modak may still not turn out well. The same applies to investing. Asset allocation is the recipe of a financial plan. Too much of one ingredient can spoil a Modak. Similarly, excessive concentration in one asset or too much money in low-return products can spoil a portfolio. Balance is key. A thoughtfully constructed portfolio brings different investments together in the right proportions. To keep asset allocation very simple - short-term goals can be planned through bank fixed deposits, recurring deposits and debt mutual funds. For long-term goals, one can consider hybrid mutual funds, equity mutual funds or direct stocks. Trust the Process Once the Modak is shaped and placed for steaming, constantly checking whether it is ready will not make it cook faster. Investors often make the same mistake. We keep checking markets, reacting to every correction, chasing recent performers or changing strategies because of short-term noise. Good investing requires patience and discipline. Invest regularly, review periodically and allow your financial plan enough time to work. Compounding is powerful precisely because it rewards those who remain invested for long periods. Sometimes, the best thing an investor can do is simply avoid unnecessary interference. Enjoy What You Have Created Finally comes the most important part - eating the Modak! The purpose of investing is not merely to accumulate the largest possible number on a statement. Wealth should eventually help us fulfil our goals, support our families, create financial security and enjoy life with greater peace of mind. A good Modak needs the right ingredients, the right recipe and trust in the process. A good investment journey needs exactly the same. This Ganesh Utsav, may Bappa bless us with the wisdom to make good financial choices, the patience to stay disciplined, and the prosperity to enjoy the fruits of our efforts. Ganpati Bappa Morya! (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

BEOS Profiling: When the Brain Reveals More

Dr. Keshav Kumar and Bimrisha Boruah
Jul 19, 2025
3 min read

A non-invasive scan that reads brainwaves to reveal whether a suspect lived the crime or merely heard about it.

Brain Electrical Oscillation Signature (BEOS) profiling is an advanced, non-invasive forensic psychological investigative technique that analyses the neurological signatures of suspects to detect experiential knowledge related to a crime. Unlike traditional lie detection methods that rely on physiological responses such as respiration rate, galvanic skin response (GSR), or heart rate, BEOS focuses on brainwave patterns. It uses auditory or visual stimuli connected to the crime to trigger autobiographical memory, assessing whether the individual has directly experienced the event.


The technique was developed by Dr. C.R. Mukundan, a neuroscientist and former head of clinical psychology at the National Institute of Mental Health and Neurosciences (NIMHANS), Bangalore. BEOS has since been used in numerous forensic investigations across India as a supplementary tool for assessing a suspect’s role in criminal cases. A key figure in advancing and applying this technology is Prof. Dr. Asha Srivastava, a prominent forensic psychologist and currently the Dean of Behavioural Forensics at the National Forensic Sciences University (NFSU), Gandhinagar. Her work has contributed significantly to the practical implementation and academic understanding of BEOS in forensic investigations.


BEOS has been instrumental in both convictions and acquittals. In the 2008 Pune murder case of Udit Bharati, BEOS testing of Aditi Sharma revealed experiential knowledge of poisoning the victim, supporting the prosecution and contributing to her conviction.


In contrast, a 2018 POCSO case in Ahmedabad demonstrated BEOS’s role in revealing possible innocence. A municipal school teacher was accused of raping a minor, but BEOS results showed no experiential knowledge of the crime. Instead, the profiling revealed sequential knowledge, indicating he was possibly falsely implicated. Supporting the findings were inconsistent victim statements, a lack of corroboration from classmates, and a constable’s observation that the child was coached by her family. Polygraph and narcoanalysis also indicated innocence. The court granted conditional bail, with Justice J.B. Pardiwala recognising the scientific input as vital in preventing injustice based on unverified allegations.


Another major case involving BEOS was the Abdul Karim Telgi stamp paper scam, one of India’s biggest financial frauds. BEOS was used to evaluate Telgi’s brain responses during questioning, helping investigators assess his experiential knowledge of the counterfeit operation.


Despite its usefulness, BEOS has raised legal and ethical concerns. In the 2010 Supreme Court case Selvi & Ors v. State of Karnataka, it was ruled that no one can be forced to undergo self-incriminating tests, as it would violate Article 20(3) of the Indian Constitution, which guarantees the right against self-incrimination. BEOS falls under this protection. However, the court allowed its use if a suspect consents voluntarily, without coercion or inducement. Even then, test results are only corroborative evidence, not standalone proof, unless they lead to discovering new facts or material evidence.


BEOS is actively used by Indian forensic institutions like the Directorate of Forensic Science Service (DFSS), State FSLs, and National Forensic Sciences University (NFSU), Gujarat. Meanwhile, international organisations such as Interpol, UNODC, and UNICEF stress the need for strict ethical standards and well-defined Standard Operating Procedures (SOPs) when using such technologies. They advocate protecting human rights, personal dignity, and data privacy, especially in legal systems where such tools may heavily influence outcomes.


BEOS Profiling marks a transformative development in forensic science, offering a unique approach to detecting crime-related experiential knowledge. While its applications have shown value in high-profile cases, it requires strict legal and ethical oversight. Moving forward, balancing technological innovation with the protection of individual rights will be crucial to its continued role in the justice system.


(Dr. Kumar is a retired IPS officer and forensic advisor to the Assam government. Boruah is a student of National Forensic Univeristy, Guwahati.)

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