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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Fast Today, Prosper Tomorrow

AI Generated Image Navratri is a time when devotion, self-control, and celebration come together. For nine days, people across the country observe fasting, prayers, and rituals with discipline and faith. But beyond the spiritual significance, Navratri also carries valuable lessons for our financial lives - especially in how fasting and sacrifice mirror the principles of investing. Fasting as discipline When we fast, we consciously give up indulgence. It is not just about avoiding food; it...

Fast Today, Prosper Tomorrow

AI Generated Image Navratri is a time when devotion, self-control, and celebration come together. For nine days, people across the country observe fasting, prayers, and rituals with discipline and faith. But beyond the spiritual significance, Navratri also carries valuable lessons for our financial lives - especially in how fasting and sacrifice mirror the principles of investing. Fasting as discipline When we fast, we consciously give up indulgence. It is not just about avoiding food; it is also about training the mind and body to resist temptation. The same applies to investing. In a world full of instant gratification, whether it is the latest gadget, a fancy car, an expensive lifestyle or a luxury holiday, real wealth creation requires the discipline to sometimes say, “not now.” Just as fasting strengthens willpower, disciplined investing strengthens our financial health. Sacrifice for a greater good Navratri fasting involves small sacrifices today for spiritual growth tomorrow. In investing too, we often have to sacrifice some short-term pleasures to secure long-term prosperity. Choosing to invest a bonus instead of spending it entirely, or increasing SIPs using a portion of every salary increment instead of allocating the entire increase towards expenses and new liabilities, may feel like a sacrifice initially. But these small decisions, repeated over many years, can accumulate into significant future wealth and financial security. This is the very essence of delayed gratification. Patience and consistency Navratri fasting is not observed for just one day. The discipline continues throughout the nine days. Similarly, investing is not about one lucky trade or one successful investment. Wealth creation requires staying the course month after month and year after year through regular investing, sensible asset allocation and the power of compounding. There will inevitably be periods when markets test our patience. But just as discipline during Navratri is maintained throughout the festival, financial discipline must continue through both good and difficult market conditions. Balance and moderation Fasting during Navratri is not about starving. It is about moderation, restraint and mindful eating. Investing too should not be about extremes, neither reckless risk-taking nor excessive conservatism. A well-planned portfolio spread appropriately across assets such as equity, debt and gold can provide both growth and stability. Just as moderation keeps the body healthy, balance helps keep our finances resilient. The bigger picture Ultimately, Navratri fasting is also about purification of the body, mind and soul. Investing, in its own way, requires purification of financial habits: moving away from impulsive spending, unnecessary liabilities and short-term thinking towards purposeful saving and wealth creation. This Navratri, as you observe your fast with devotion and discipline, also resolve to bring the same qualities into your financial life. After all, both fasting and investing ask us to give up a little today in pursuit of something greater tomorrow. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Grim Reckoning

May 31
2 min read

The heckling of Trinamool Congress MP Abhishek Banerjee during the latter’s visit to Sonarpur is a stark reminder that fear has an expiry date. For years, West Bengal’s politics has been defined by intimidation. First the Communist, and later during Mamata Banerjee’s TMC regimes, the state’s political discourse has been overwhelmingly accompanied by violence, cadre dominance, partisan policing and a culture in which dissenters were expected to keep their heads down and their opinions to themselves.


Whether in villages, municipalities or university campuses, countless Bengalis, especially the Hindu community, have complained that political power was exercised not only through the ballot box but through fear during the TMC rule.


Against this backdrop, the scenes that unfolded during Abhishek Banerjee’s Sonarpur visit was a symbolic moment. The TMC political class that once inspired fear suddenly found itself confronting fearlessness and the ire of ordinary citizens. Trinamool leaders accustomed to hectoring and threatening the public were forced to face its ire as Abhishek was heckled and pelted with eggs.


The Trinamool Congress would be mistaken if it dismisses the episode as an isolated incident. Across West Bengal after the polls, there is a palpable anger against TMC leaders and their henchmen. That simmering rage appears increasingly difficult to contain.


For years, Abhishek Banerjee had projected himself as the heir apparent to Bengal’s ruling establishment, speaking haughtily with the confidence of a man convinced that power was permanently on his side. Now that the TMC is out of power, Sonarpur offered a starkly different picture. It showed what happens when politicians who are accustomed to commanding the public are suddenly confronted by it.


From the horrors of Sandeshkhali to the public fury unleashed after the R.G. Kar outrage, West Bengal witnessed episode after episode that laid bare the TMC’s intimidation and moral corruption.


The crowd that confronted Abhishek Banerjee at Sonarpur was venting years of accumulated resentment against a political culture many Bengalis had come to associate with arrogance, patronage and strong-arm tactics. They reflected what a significant section of the public has increasingly come to see as the moral bankruptcy of a political order that believed it could rule indefinitely through fear and organisational muscle.


Abhishek Banerjee, more than any other TMC leader, had became the face of that system. The hostility he encountered in Sonarpur was political payback delivered by a public no longer willing to whisper its anger.


While no civilised society should endorse mob violence, no politician can expect public sympathy after years of bullying and intimidating citizens. He or she must realize that political arrogance has consequences and that public anger, when it finally erupts, grinds even the most powerful dynasties to dust.


Abhishek Banerjee’s reception in Sonarpur may therefore prove to be more than an embarrassing political episode. It may become the defining image of Trinamool’s final decline and fall.

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