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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make...

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make sure you have at least six months of living expenses saved in a bank fixed deposit or a debt mutual fund. This reserve will serve as your emergency fund for unforeseen situations and ensures you are prepared for any rainy days. Review Your Asset Allocation Revisit your investments to ensure they align with your goals. For short-term goals within three years, bank fixed deposits, recurring deposits, or debt mutual funds are appropriate. For long-term goals beyond three years, a diversified combination of hybrid/equity mutual funds, direct equities, and gold should be preferred. Do Sufficient SIPs Systematic Investment Plans (SIPs) are the backbone of disciplined investing. At least 25-30 percent of your in-hand monthly income should ideally be invested through SIPs in mutual funds, equities, and gold. This consistent approach will steadily build wealth over time. Make Lumpsum Investments Along with SIPs, voluntary lumpsum contributions into long-term assets whenever you have surplus funds can accelerate wealth creation. Even occasional lumpsum additions make a significant difference to the overall corpus. Increase Your SIPs Annually As your income increases, make sure your investments grow as well. Increasing your SIP amounts every year helps your wealth stay in line with inflation and your rising lifestyle needs. Increase your SIPs yearly and anchor them to at least 30 percent of your monthly income. Stay Invested Remain invested until your financial goals are achieved. Avoid redeeming investments unnecessarily. Frequent withdrawals disrupt compounding. If liquidity is required, consider taking an overdraft loan against your investments rather than breaking them prematurely. Health Insurance Safeguard your family with adequate health insurance. Opt for a minimum cover of 25 lakhs per family member with comprehensive features. Remember that relying only on employer-provided insurance is risky. Independent health insurance is essential. Term Life Insurance Protect your loved ones with a pure term life insurance policy. Ensure a cover of at least ten times your annual income, along with provisions for any outstanding loans. Stay away from mixing insurance with investments. A simple term plan is the most effective solution. Consult a Financial Advisor A full-time, well-qualified financial advisor can simplify your financial journey. Professional guidance ensures disciplined planning, correct product selection, and proper execution of your financial strategy. May this festive season bring abundance and lasting financial peace. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

A Bold Stand Against Jihadist Networks

Dec 21, 2024
3 min read

Updated: Dec 23, 2024

jihadist ambitions

The Special Task Force (STF) of Assam Police has dealt a significant blow to jihadist ambitions in India’s northeast. In a carefully coordinated operation spanning three states, eight operatives of the Bangladesh-based terror outfit Ansarullah Bangla Team (ABT) were apprehended last weekend. The arrests underscore the persistent threat posed by transnational jihadist networks and the vulnerabilities exploited along India’s porous borders.


As the multi-state ‘Operation Praghat’ unfolded, among those captured was Mohammed Shak Radi, alias Mohammed Shab Sheikh, a Bangladeshi national tasked with setting up sleeper cells for the ABT—a wing of Al-Qaeda in the Indian Subcontinent (AQIS). Radi’s chilling mandate included not only fostering subversive networks but also planning immediate attacks against religious and political leaders to destabilize India.


The intelligence coup marks a critical milestone, but it also reveals the contours of a larger threat. ABT’s agenda is not merely ideological; it is operational, aiming to exploit Assam and West Bengal’s proximity to Bangladesh as launchpads for chaos. The arrest of Radi and his associates prevented a covert operation planned for December, likely targeting densely populated areas to cause maximum damage.


The arrests revealed a deeply entrenched network. Assam, often a gateway for illegal cross-border activity, has emerged as a key operational base for the ABT. Over the years, the group has sought to exploit the state’s geographical proximity to Bangladesh and its historical ethnic tensions to further its radical agenda. The ABT’s plans, as disclosed by Assam Police, included covert operations aimed at maximum destruction in Assam and West Bengal.


The ABT’s activities are emblematic of a broader strategy by transnational jihadist organizations to destabilize India by exploiting local vulnerabilities. From using encrypted communication devices to leveraging existing socio-political fissures, groups like the ABT are adapting their methods to outpace traditional counterterrorism frameworks.


India’s security concerns are compounded by recent political developments in Bangladesh. The release of Jashimuddin Rahmani, the ABT’s chief ideologue, in August has raised alarm bells in New Delhi.


Rahmani, convicted for inciting violence and implicated in the hacking death of a secular blogger, was freed on parole under the new caretaker government in Dhaka. His release, alongside the jailbreak of over 500 inmates, including high-profile militants, highlights a worrying shift in Bangladesh’s counterterrorism posture.


During Sheikh Hasina’s tenure, India had found a reliable partner in combating terrorism. With her ousting following violent protests, India’s fears of a rollback in counterterrorism cooperation are proving prescient.


The nexus between ABT and Pakistan-based groups like Lashkar-e-Taiba (LeT) further complicates the picture. Intelligence reports suggest that LeT has been collaborating with ABT since 2022 to establish a foothold in India’s northeastern states, particularly Assam and West Bengal. Such alliances demonstrate the regional dimension of jihadist threats, requiring India to view counterterrorism not as an isolated national effort but as part of a broader regional strategy.


The northeast is not merely a frontier region; it is a linchpin in India’s Act East policy, serving as the gateway to Southeast Asia. Instability here risks derailing New Delhi’s broader geopolitical ambitions, from enhancing connectivity with ASEAN nations to countering China’s influence in the region.


The rise of terror networks could undo years of progress in integrating the region with the national mainstream. The northeast’s security, once considered a regional issue, has become a national imperative.


As the shadows of transnational terrorism loom larger, India must shine the light of vigilance and preparedness to dispel them. The battle for the northeast’s stability is not just a fight against terrorism but a fight for India’s future.

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