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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.)

Political Pantomime

Oct 30, 2025
2 min read

The spectacle on Nagpur’s outskirts this week had all the trappings of rural discontent with tractors clogging highways, angry farmers waving placards and a fiery leader - Bachchu Kadu, the mercurial chief of the Prahar Janshakti Party – vowing to court arrest. Kadu and other leaders led a ‘Maha Elgar Morcha’ that paralysed National Highway 44 for nearly twenty kilometres, causing commuters much distress. The ostensible demand was a complete waiver of farm loans. Yet the choreography of the protest with respect to its timing – just ahead of the civic polls - and the government’s conspicuous inaction raises a different question. Is this dissent, or a display staged for electoral effect?


The High Court had ordered the highway cleared by 6 p.m. on Wednesday. By then, Kadu declared that his followers would obey the order. There was no lathi charge, no arrests, no water cannons; only patient police and cameras capturing the ‘defiance.’ Even Raju Shetti, the veteran farmer leader, joined the agitation, as did other familiar faces from Maharashtra’s small party circuit. Yet the Mahayuti government, otherwise swift to crush unruly demonstrations, remained curiously indulgent. For a ruling dispensation led by Devendra Fadnavis, known for his administrative discipline, such tolerance seems uncharacteristic. 


The CM, for his part, sounded almost conciliatory. He reminded reporters that his government was already considering a loan waiver, had announced a Rs. 32,000-crore relief package, and was transferring funds directly to farmers’ accounts. He urged the protesters to talk, not block roads. Yet, his tone lacked the sharpness one might expect when a national highway lies paralysed. 


The leniency invites speculation. Maharashtra’s civic polls are approaching, and Kadu’s base in Vidarbha could prove decisive in a few pockets where the ruling alliance is vulnerable. A noisy protest that stops short of violence but projects populist empathy might serve multiple purposes: allowing Kadu to refurbish his image as a rustic rebel while letting the government appear sensitive to agrarian distress. Both sides gain visibility and neither loses face. 


If that is indeed the subtext, the protest becomes less a cry of anger than a managed performance. In Indian politics, ‘scripted agitations’ are not rare. They offer the illusion of confrontation while keeping the actors within the same tent. For the public, however, the spectacle blurs accountability while causing needless commuting hassle.


Kadu’s insistence on immediate waiver by bypassing discussion seems designed to dramatize impatience rather than seek negotiation.


Yet, if the government truly wished to stop the disruption, it could have. Instead, it chose indulgence, allowing the protest to unfold. In an election season, outrage can be a convenient currency. 


Whatever the motive, the real losers remain the farmers themselves. Each wave of agitation raises expectations that the State will simply write off debt, discouraging reform of the credit system that perpetuates rural distress. Loan waivers offer temporary relief but little structural change. Maharashtra’s treasury, already strained, can scarcely sustain populism as policy. 

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