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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 Fissure in Two Maps

Oct 4, 2025
3 min read

Pakistan-occupied Kashmir’s unrest is less an argument about lines on a map than a symptom of a state that has forgotten large parts of itself and an opportunity for a more competent, patient politics.


For 75 years Pakistan has been an uneasy project. Its politics are brittle, its institutions have often been subordinated to the barracks, and its economy has laboured under mismanagement and graft. Less remarked, but equally corrosive, is the persistent regional imbalance that has hollowed out the state’s claim to legitimacy. The Punjab and Sindh have benefited while the peripheries have bled. Balochistan, Gilgit, and the portion of Kashmir administered by Pakistan (Pakistan-occupied Kashmir, or PoK) have long complained that their rivers, minerals and men have been taxed but their towns, roads and hospitals have not been built.


Those grievances are not abstract. They have helped to fertilise insurgency and alienation. The Balochistan Liberation Army’s campaign, decades of low-level violence and the chronic anger of sidelined elites are reminders that territorial control is not the same as political integration. In PoK, recent internet shutdowns, protests and crackdowns have dramatized a fact that should be obvious to any state serious about survival: if citizens feel voiceless and deprived of elementary services, their attachment to the political centre frays fast.


It is tempting to reduce the present moment to a binary of rightful sovereignty: either India’s or Pakistan’s. That temptation, however, is an avoidance of politics. Borders are products of history and force. Loyalties are made, over time, by governance, dignity and opportunity.


For New Delhi the spectacle offers both a moral challenge and a strategic opportunity. The moral case is straightforward: populations who are denied basic rights and development deserve a better fate. The strategic case is more delicate. India’s conduct in Jammu & Kashmir since 2019 has been applauded by some and criticised by others. Any suggestion that PoK should simply be folded into India is neither realistic nor soon to be realised by force. The only sustainable path requires persuasion through governance and the quiet work of winning hearts by improving lives.


That requires a recalibration of priorities. First, India needs to resist triumphalism and the crude rhetoric that reduces complex identities to slogans. PoK’s people are not merely the objects of propaganda; they are neighbours with grievances, memories and aspirations. Second, India should expand people-to-people links where possible: humanitarian outreach, cultural and academic exchanges, and connectivity initiatives that demonstrate the tangible benefits of better governance. Third, diplomacy must be patient and strategic. Bluster will only harden resistance.


Pakistan, for its part, faces a simple but painful choice: either re-embrace genuine federalism and equitable development, or continue to haemorrhage legitimacy in its peripheries. The centralised allocation of resources and the political dominance of a few provinces have fuelled separatist narratives. Delivering security without rights is a short-term remedy; development that is inclusive and visible is the only durable vaccine against fragmentation. Islamabad’s proclivity for securitised responses — curfews, internet blackouts and military operations — may suppress dissent for a time. Over the long run it deepens the grievance and gives insurgents a recruiting story.


There are regional implications, too. A Pakistan that cannot govern its borderlands is a less reliable partner in diplomacy and trade. China, which pours money into Pakistan through the China–Pakistan Economic Corridor, already quarrels with Islamabad about leaks and insurgency in Balochistan. India’s ability to demonstrate a competing model of governance in the neighbourhood would be the most persuasive argument against militarised nationalism.


None of this is a call for imperialism cloaked in development. Any durable change in PoK’s status must be the result of choices made by its people. That means creating conditions in which those choices are possible: an open information environment, protection for political dissent, and the rule of law. If India hopes to attract loyalties across the Line of Control, it will have to show it can be a better custodian of rights and prosperity than the alternative.


History teaches an uncomfortable truth: territories do not re-attach themselves because politicians issue declarations; they re-integrate when governance, dignity and opportunity make the case for a different future. Pakistan’s failure to spread the fruits of development evenly across its terrain has made that argument harder at home and has opened a small window for its neighbour. New Delhi, however, should treat that window with prudence. Winning a place in people’s lives is slow work, but it is the only work that endures.


(The writer is a foreign affairs expert. Views personal)

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