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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.)

Hollow Piety

Sep 29, 2025
3 min read

West Bengal’s chief minister has turned Durga Puja into a theatre of appeasement, where faith is subordinated to the survival instincts of her party.

West Bengal
West Bengal

The clang of the dhak and the reverent throngs around Kolkata’s puja pandals are usually a reminder of Bengal’s most cherished festival, the Durga Puja. But it seems that under Chief Minister Mamata Banerjee, even the state’s most sacred spaces are not immune to the corrosive logic of her politics.


Last week, Banerjee inaugurated several pandals across Kolkata in what should have been a conventional gesture embracing Bengal’s cultural grandeur at the start of West Bengal’s most festive season. Instead, the controversial CM turned it into a brazen theatre of appeasement. At the BhowaniporeShitala Mandir pandal, Madan Mitra, a senior Trinamool Congress (TMC) leader, broke into a song that was not any hymn to Goddess Durga, but an Islamic nasheed praising Mecca and Medina. Banerjee, far from objecting, clapped along approvingly.


Mitra later sought to soften the act by tacking on references to the Ganga and Yamuna. But the intended damage was done. The incident was no ‘innocent’ slip but a calculated gesture that fits seamlessly into Banerjee’s long record of pandering to minority sentiment at the cost of majority traditions.


The opposition was quick to pounce. The BJP’s Amit Malviya accused Banerjee of trampling on Sanatani beliefs, citing this as proof that the TMC had crossed the “limit of appeasement politics.” The charge is not unfounded. This is the same government that withdrew funding from a Durga pandal themed on Operation Sindoor, deeming it politically inconvenient.


Such decisions reveal a state policy where even cultural expression is vetted for conformity with the ruling party’s electoral calculus.


Banerjee’s defenders insist this is much ado about nothing. They argue that the CM, a Brahmin who has led countless Puja inaugurations, is being unfairly maligned. They dismiss the controversy over her covering her head during the ceremonies as a gesture to shield herself from the rain.


Yet these defences ring hollow. For years, Banerjee has cultivated an image of syncretism, but in practice she has deployed symbolism as a political weapon, calibrated less to unify than to fragment.


Ever since the TMC supplanted Bengal’s Communist regime, Mamata’s tenure has been punctuated by a series of controversies that underscore her penchant for political theatrics over principled governance. In 2011, shortly after assuming office, her government faced accusations of excessive centralisation of power, with key decisions bypassing cabinet processes and bureaucratic protocols. She has repeatedly clashed with the judiciary and media, including the 2014 incident when journalists covering her administration’s handling of the Saradha chit-fund scam were intimidated. Her handling of law and order, notably in the Nandigram and Singur land acquisition disputes, exposed heavy-handed crackdowns on protesters.


In a state where Muslim voters account for over a quarter of the electorate, Banerjee has made appeasement the organising principle of governance. Every symbolic gesture is weighed against its impact on the ballot box.


The irony is that instead of enhancing Bengal’s communal harmony, it has deepened polarisation. The BJP, once a marginal force in the state, has built a formidable base by exploiting precisely this vacuum of credibility. Each TMC misstep strengthens the perception that the ruling party does not merely mismanage the state but actively undermines its cultural fabric.


This instrumentalization of Durga Puja is especially corrosive because the festival is not just a religious occasion but a cultural cornerstone of Bengal’s identity. To reduce it to a stage for clumsy electoral manoeuvres is to hollow out its meaning.


For all her populist instincts, the state’s economic stagnation, corruption scandals and major law-and-order crises have eroded the TMC’s standing. Instead of course correction, Mamata has doubled down on the politics of symbolism. It may yield short-term gains, but it leaves Bengal’s social fabric frayed and its traditions politicised beyond recognition.


Durga Puja has survived centuries of upheaval, from colonial neglect to communist austerity. It will endure Mamata Banerjee too.

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