Some advice for both of you.
NEVER keep the clutch dis-engaged while braking. You may end up locking your rear!
Rather shift down and allow engine braking to do its part.

Go through this.

When it comes to braking there are two type:

- Braking under normal conditions: Here one knows that he/she is going to stop and can plan the braking. One has ample opportunity to consciously use engine braking and gears to slow down before he/she comes to halt.

- Emergency braking: Here one doesn't get an opportunity to use the GB to decelerate. One needs to come to a halt abruptly. The rider needs to totally depend up on the brakes and if the clutch is not depressed the bike might start knocking when in higher gear or the bike might still be trying to accelerate.

That's why we practice emergency braking don't we?
And FYI, you only make matters worse during emergency braking by pulling in the clutch.
I shall explain the following scenario:-

I'm riding at 75 kmph along an empty stretch when all of a sudden a dog turns behind and runs in my way.
I panic brake. How?
I downshift to 3rd and pull the front brake. When the speed reduces around 40ish, I tap the rear brake lightly.
Believe me, all of this will take no more than 3-4 seconds.
[Its a different fact that I may have crashed by then if the dog was too close to be avoided, my bad luck ]

Now, if I applied your technique.
I pull in the clutch and apply brakes (@75 kmph)
Slowly I downshift into 4th and then 3rd at around 45-50 kmph with the clutch still pulled in.
Now, when I engage the clutch (i.e. leave it back from the pulled-in state), the gears slot and the wheel suddenly jerks looking for traction. There's good chance I'd end up locking the rear.

Result - I fall down.

Hence, practice panic braking. Practice till you feel confident.
You may not be able to replicate 100% of the situations, but even 50% preparedness shall save you good amount of time and money if the need be!

Very well explained divya. Your braking technique is like mine..
@rsk,
you won't believe my riding habit, i keep changing gears all the time. many friends say, i change gears useless-y (is this the right word?)
Suppose there is a gap of 50 meters between speed brakers (which needs to be tackled in 1st gear) then i would upshift till 3rd (may be 4th sometime) before reaching the bump, but moving on from that speed bump i 'will' use 1st gear. Its not laziness.. Its biking
laziness is not shaving, not grooming well, not filing your nails, sleeping for more than 10hrs in a day, taking an hour for bathing and list can go on and on.. (all in my nature )

Well the thing is not laziness here. its sort of confusion maybe it will go after i ride a lot, but you cant really compare riders right? I've never seen anyone in my life who rides their bikes similar to other each one has their own way of riding! Even i have that habit of pulling in clutch when i'm about to brake, i first apply brake (clutch pulled in) then slowly downshift and i look at the speedo and decide whether to downshift further. If i have speed i usually downshift till 2nd and then continue to ride from that gear never go to 1st. Am i doing the right thing here?

^ use clutch for gear changes when speed is above 10kmph. And for moving on from standstill in 1st gear or when riding in the speed range of 1-5kmph in bazaar like condition.
No need to use clutch when braking (which is done to slow down the bike and not to stop)
this way your clutch plates will last almost double the average

Lets speak about highway riding, because the very same city riding habits replicate there as well.
People have a tendency of pulling in the clutch lever while taking a turn.
Consider riding in the hills. Especially, while riding down the slope. You easily cruise at 60 kmph if the road is empty.
Now, while taking a turn, I pull in the clutch and apply brakes, speed reduces to 25 kmph, I leave the clutch lever.

Please note that at this point the bike is still turned in, as the clutch is re-engaged (left back from the pulled-in position), the rear searches for traction and it would either:-
1. Lock due to the sudden jerk, resulting in the rider falling down. Moreover the transmission assembly wears more.
2. Skid on the usual dusty surfaces due to lack of traction.

The same can be experienced on usual highway corners too, albeit at a higher speed.
Hence, learn to make use of the components on the bike properly.

Wow! Clutch Gear Brake a lot to learn... Practice practice practice... need to ride more btw i have that habit pulling in clutch while braking not while taking a turn.. never use the clutch in highway except for changing gears, its city ride i'm more worried about!

A biker always learns. There's no complete biker, bro!
See something new/interesting, always try it by yourself. Never be afraid!

Who knows, it might save your life someday. I've learnt all of this from xbhp and a few phoren (international ) threads and I intend to keep learning.

+ 100.
Also revmatching before re-engaging (releasing) clutch [while downshifting] can prevent traction loss. This technique also prevents jerks and i guess it helps extending clutch plus drivetrain life.

Exactly my point!
Guru, you explained it so simply!

The first thing people need to change is their mindset. They think, revving the bike (even in order to match the engine rpm to speed) reduces mileage.
Even if it does so, they must realize that saving a few hundreds in petrol (by pulling in the clutch in higher gears) may cost them thousands later for engine/gear-box components!

I do that! Revmatching before releasing the clutch when i downshift i got the hang of it in an fz initial days of learning. i love that exhaust note on an FZ while doin that
@Divya Sharan Yes! I understand. Thank you so much for educating me both of you In fact when i posted this thread i was expecting funny answers from other members . Thank fully it turned out to be more educating!

Happy to help.
Practice counter-steering along with the above mentioned points.
You'll love riding so much that you'd simply search for a reason to ride!

Abe yaar don't call me guru
and talking about, rev matching, under normal riding/driving there's no dip in mileage. Have tested it again and again on my bike and car.

@ ashwin,
Always happy to help buddy. Feels so good.

He he.

For me, I used to get around 36 kmpl till 16 months back when:-
1. I used clutch while braking.
2. Used the rear brake more.
3. Used clutch in corners.
4. Shied (past form of shy ?) from using engine braking.

Now, I get 40-42 kmpl in city. Am I complaining?