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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar....

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar. Choose the Right Ingredients A Modak is only as good as the ingredients that go into it. Fresh coconut, good-quality jaggery, properly prepared rice flour and the right flavours all contribute to the final result. Our investments and financial products are the ingredients of our financial plan. Equities, mutual funds, fixed income, gold and other investments each have a specific role to play. The objective is not to pick whatever appears most exciting at the moment, but to select suitable, good-quality investments that match our financial goals, time horizon and ability to take risks. Health and life insurance are equally important ingredients. Adequate coverage helps protect savings, the family, and their financial goals and dreams. Good ingredients provide the foundation. But ingredients alone are not enough. Get the Recipe Right You may have the finest ingredients in the kitchen, but if the proportions are wrong, the Modak may still not turn out well. The same applies to investing. Asset allocation is the recipe of a financial plan. Too much of one ingredient can spoil a Modak. Similarly, excessive concentration in one asset or too much money in low-return products can spoil a portfolio. Balance is key. A thoughtfully constructed portfolio brings different investments together in the right proportions. To keep asset allocation very simple - short-term goals can be planned through bank fixed deposits, recurring deposits and debt mutual funds. For long-term goals, one can consider hybrid mutual funds, equity mutual funds or direct stocks. Trust the Process Once the Modak is shaped and placed for steaming, constantly checking whether it is ready will not make it cook faster. Investors often make the same mistake. We keep checking markets, reacting to every correction, chasing recent performers or changing strategies because of short-term noise. Good investing requires patience and discipline. Invest regularly, review periodically and allow your financial plan enough time to work. Compounding is powerful precisely because it rewards those who remain invested for long periods. Sometimes, the best thing an investor can do is simply avoid unnecessary interference. Enjoy What You Have Created Finally comes the most important part - eating the Modak! The purpose of investing is not merely to accumulate the largest possible number on a statement. Wealth should eventually help us fulfil our goals, support our families, create financial security and enjoy life with greater peace of mind. A good Modak needs the right ingredients, the right recipe and trust in the process. A good investment journey needs exactly the same. This Ganesh Utsav, may Bappa bless us with the wisdom to make good financial choices, the patience to stay disciplined, and the prosperity to enjoy the fruits of our efforts. Ganpati Bappa Morya! (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Mere Illusion or a Battle for Survival?

Oct 8, 2025
4 min read

The Congress’ ‘Sangathan Srijan Abhiyaan’ in Jharkhand seeks to rebuild its base and assert independence from its allies, but the party continues to be plagued by deep-rooted factionalism and a fundamental public disconnect.

Last month, the Congress Party in Jharkhand launched with great fanfare the ‘SangathanSrijanAbhiyaan.’ It was projected as a turning point in rebuilding the grand old party’s fortunes in the Eastern Indian state. The message being sent out by the Congress through this vigorous organizational overhaul drive is that it will no longer remain in anyone’s shadow, nor will it depend on its allies for its political survival. The party wants to signal that it will emerge as an independent and powerful political force in the future.


Yet, the million-dollar question that remains is whether the Congress can overcome its perennial malaise of decrepit organization, old factional feuds, an opportunistic leadership and a fundamental disconnect from the public? Will these structural flaws turn this campaign into yet another exercise in noise making rather than any

genuine transformation?


No magic formula

To begin with, the Congress’ plan certainly appears ambitious on paper. From district committees to booth workers, the party wants to energize its outfit at every level, including blocks, panchayats and the grassroots. But are Congress leaders and workers truly ready to struggle and sweat it out to achieve this? Will this grand brainstorming session be reduced to mere rhetoric in an air-conditioned hall?


The party has set itself a bold goal of establishing a functional presence at the grassroots level within 90 days. The obvious question that arises is whether the Congress really possess the magic formula to suddenly activate workers in what has largely been a moribund outfit in Jharkhand. Organizational work requires consistency, time, tireless effort and constant contact with the electorate. The point is just how will the Congress shake itself out of the inertia that has kept it on the margins of Jharkhand’s politics for years in a mere 90 days.


The Congress’s biggest announcement in this campaign is its pledge to put social justice at the heart of its organizational renewal. By promising greater representation for Scheduled Tribes, Scheduled Castes, and Other Backward Classes, the party seeks to project itself as an inclusive alternative.


As noble as this sounds, it is steeped in familiar clichés. It also raises an uncomfortable question: is this truly a bold reimagining of representation, or merely the same electoral arithmetic that every party performs before an election only to abandon once the votes are counted?


Congress insists that it is dismantling the strongholds of nepotism and factionalism to make room for new faces. Yet history tells a different story. Every reshuffle in the party has ultimately meant little more than the promotion of a new protégé from the same family or faction. Why, then, should the public believe that this campaign is any different?


Competition or Illusion?

In Jharkhand, the BJP’s organizational machinery runs deep. Under the disciplined command structure of Narendra Modi and Amit Shah, it has built a booth-level apparatus that stands as both a challenge and an intimidation to weaker, loosely bound rivals like the Congress. The Congress claims to be evolving into a parallel force. Yet on the ground, voters hardly see it as a credible alternative in the state’s anti-BJP space.


This raises a critical question: is the Congress’s campaign genuinely aimed at taking on the BJP head-on, or is it merely seeking leverage through allies such as the Jharkhand Mukti Morcha (JMM)? Unless it learns to operate outside the shadow of its partners, the slogan of becoming ‘self-reliant’ will ring hollow and will ultimately turn into little more than an exercise in self-deception.


No matter how expansive the campaign rhetoric, public concerns remain unchanged. Jharkhand’s youth are struggling with chronic unemployment. The exploitation of labour in the mining belt continues unchecked. Indigenous communities face displacement and forced migration. Women and other marginalised groups remain unheard.


How forcefully has the Congress confronted these realities? Will its so-called organizational drive remain confined to internal meetings, caste balancing and appointments? Or will it extend beyond that, into grassroots struggles, mass mobilisations and genuine engagement with the people? Without introspection and sincerity, this effort risks appearing as just another political spectacle.


Congress has declared 2025 as the year of its organizational renewal in Jharkhand. In truth, this is a battle for the party’s very survival in Jharkhand. With every passing year, the Congress slips further into irrelevance. If it fails to reinvent itself meaningfully this time, this could well be its last chance in the state to pose as a credible alternative.


It seems almost axiomatic to say that history is unkind to parties that lose touch with the people’s pulse. The Congress in Jharkhand has two paths to carry on its future course. It can either use this campaign to genuinely reconnect with the state’s deep and unresolved anxieties or it can fade into history as another failed experiment in revival.


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