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By:

Akhilesh Sinha

25 June 2025 at 2:53:54 pm

India’s Rocket Woman

Chandrayaan-3 Mission Director Dr Ritu Karidhal Srivastava helped script a historic chapter in India’s space story. On August 23, 2023, as the clock struck 6:04 PM Indian time, waves of joy swept across India and the world when Chandrayaan-3's robotic lander Vikram touched down on the Moon's south pole. This triumph made India the first nation to land a spacecraft there and the fourth overall to reach the lunar surface. Behind this moment stood the dedication of scientists like Dr Ritu...

India’s Rocket Woman

Chandrayaan-3 Mission Director Dr Ritu Karidhal Srivastava helped script a historic chapter in India’s space story. On August 23, 2023, as the clock struck 6:04 PM Indian time, waves of joy swept across India and the world when Chandrayaan-3's robotic lander Vikram touched down on the Moon's south pole. This triumph made India the first nation to land a spacecraft there and the fourth overall to reach the lunar surface. Behind this moment stood the dedication of scientists like Dr Ritu Karidhal Srivastava, Chandrayaan-3’s mission director, affectionately known as India’s “Rocket Woman.” For millions watching, it was a moment of national pride; for the scientists behind the mission, the culmination of years of painstaking work and belief in India’s space ambitions. Dr Srivastava often placed professional commitments ahead of personal comforts, pouring her energy into India’s stellar legacy. Whether spearheading Chandrayaan-3, leading key aspects of Chandrayaan-2, or contributing to the Mars Orbiter Mission (MOM), she devoted herself to advancing India’s space programme. “From Mangalyaan to Chandrayaan, women have matched men stride for stride,” she has said, reflecting the growing presence of women scientists in India’s space missions. Over the years, women have moved from supporting roles to positions of leadership within ISRO, bringing expertise and determination to some of the nation’s most ambitious projects. Journey to the Stars Born in 1975 into a middle-class family in Lucknow, young Ritu was fascinated by the moon, stars and vast skies above. Her curiosity deepened during her school years, when she spent hours reading about space and imagining the mysteries beyond Earth. After earning her degree from Navayug Kanya Mahavidyalaya, she completed her MSc in physics in Lucknow before moving to the Indian Institute of Science (IISc) in Bengaluru to specialise in aerospace engineering. This path led her to the Indian Space Research Organisation (ISRO), which she joined in 1997. At ISRO, she steadily rose through the ranks, earning recognition for meticulous planning and technical expertise. She served as Deputy Operations Director for the Mars Orbiter Mission, popularly known as Mangalyaan — India’s first mission to Mars, which succeeded on its first attempt and placed the country firmly on the global space map. Personal Sacrifices Her work’s success roared loudly. The ISRO Young Scientist Award from President Dr APJ Abdul Kalam in 2007 and the Woman Aerospace Achievement Award from the Society of Indian Aerospace Technologies and Industries recognised her contributions to the nation’s space programme. Yet for years she worked largely away from the public spotlight, focused on the demands of complex missions. In a candid moment, Dr Srivastava spoke about balancing professional duty and family life. There were times when mission preparation meant missing important family moments. Once, when her daughter was running a fever, she could not leave work; her husband stepped in while she checked repeatedly by phone. School events and parent-teacher meetings often passed without her presence. Yet with strong support from her husband and family, she remained committed to the demanding world of space exploration. That collective resolve — from Dr Srivastava and her team — ultimately propelled India to new cosmic heights. Vikram’s flawless landing at the Moon’s south pole marked a technological triumph and firmly placed India among the world’s leading spacefaring nations.

Nine Financial Tips for a Prosperous Navratri

As we approach Navratri, I wish you and your family a joyous and prosperous festive season. Festivals are a time of celebration, but they are also an excellent reminder to strengthen our financial discipline. To help you stay on track with your financial goals during this time, here are nine essential financial tips to ensure your journey towards financial freedom remains smooth and 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. 


Wishing you a financially secure, healthy, and prosperous Navratri. 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.)

 


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