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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Significance of Adhik Month

As Adhik Maas comes to a close, it is the right time to reflect on the deeper meaning of this sacred month. Adhik Maas, also known as Purushottam Maas, is dedicated to Lord Vishnu and is considered one of the most auspicious periods in the Hindu calendar. It is a month associated with prayer, discipline, reflection, charity and positive action. Why Adhik Maas Is Added Adhik Maas occurs roughly once every three years. The traditional Hindu calendar is lunisolar, which means it follows lunar...

Significance of Adhik Month

As Adhik Maas comes to a close, it is the right time to reflect on the deeper meaning of this sacred month. Adhik Maas, also known as Purushottam Maas, is dedicated to Lord Vishnu and is considered one of the most auspicious periods in the Hindu calendar. It is a month associated with prayer, discipline, reflection, charity and positive action. Why Adhik Maas Is Added Adhik Maas occurs roughly once every three years. The traditional Hindu calendar is lunisolar, which means it follows lunar months while also staying connected with the solar year and the seasons. Since the lunar year is shorter than the solar year, a difference gradually develops between the two. To bring the calendar back into balance, an extra month is added after almost every three years to synchronise the lunar and solar cycles. In simple words, Adhik Maas is a month of adjustment, alignment and correction. A Lesson for Our Own Lives This idea has a beautiful message for our own lives. Just as the calendar needs realignment, our life also needs regular realignment. Our habits, priorities, relationships, health, career and finances cannot be left unattended forever. From time to time, we must pause and ask ourselves whether our actions are matching our goals. Realignment in Investments The same principle applies to investments. Many people begin investing with good intentions, but after that, they do not review their investments and financial goals regularly. A SIP may be started, but it may not be increased for years. Lumpsum investments may be delayed even when money is lying idle in the bank. Financial goals may change, income may increase, responsibilities may increase, but the investment plan remains the same. Increase SIPs and Do Something Extra For long-term goals beyond three years, money should be invested in growth-oriented assets such as stocks, equity mutual funds, hybrid mutual funds and gold. If your income has increased in the last one year, your SIP should also increase. Ideally, one should try to invest at least 30% of monthly income through SIPs. This sacred month also teaches us the importance of doing something extra. In investments, that extra effort can be in the form of lumpsum investing. Whenever you receive additional money such as bonus, incentive, business profit, gift or surplus cash, it should be put to productive use. Correction Is Necessary for Growth Adhik Maas reminds us that correction is not a negative thing. In fact, correction is necessary for growth. The market also corrects to adjust itself and build a stronger foundation for newer highs in the future. That is why markets remain volatile and uncertain in the short term, but over the long term, they reward patience, discipline and consistency. Questions to Ask Before Adhik Maas Ends The end of Adhik Maas should not be seen only as the end of a religious period. It should be seen as an opportunity to take stock of life and money. Are your SIPs aligned with your current income? Have you invested your surplus cash? Are your investments sufficient for your future goals? Are you taking action, or only waiting? Reflection Must Become Action As Adhik Maas ends on 15 June, let us carry its message forward. Realign where needed. Correct what has been ignored. Add the extra effort required. A sacred month becomes truly meaningful when reflection turns into action. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Pune’s changing political guard

After an eight-year hiatus, the municipal elections promise to usher in a new cohort of politicians and reset the city’s political rhythms

Pune: The long-delayed civic polls herald a generational shift in Pune, arguably Maharashtra’s most politically vibrant city. When voters return to the booths in December, they will be resetting the circuitry of local power.


The last municipal elections were held in 2017. Since then, the city’s politics have drifted into a liminal space. The Pune Municipal Corporation’s (PMC) term expired in May 2022, but the state dithered, leaving India’s seventh-largest city without elected urban governance for almost three years. With the prospect of polls repeatedly deferred, many former corporators had since quietly receded from the daily grind of politics, returning to business interests or simply losing relevance.


When the long-pending reservation lottery for civic wards was finally conducted recently, it delivered another shock: dozens of established male aspirants discovered that their seats had vanished from under them.


New guard

All this has created an unusual political vacuum that younger leaders are eager to fill. Parties across the spectrum, from the BJP to the Congress to the NCP factions, are preparing to field fresher faces. Regardless of who wins, Pune seems destined to witness the rise of a new political class.


The churn is already visible. In the 2024 Lok Sabha election, both the BJP’s Murlidhar Mohol and the Congress’s then-candidate Ravindra Dhangekar were relative newcomers to national politics. The city’s Assembly seats have also produced new faces in recent years, including Hemant Rasne and Sunil Kamble. Ajit Pawar’s Nationalist Congress Party elevated Subhash Jagtap and Sunil Tingre to leadership roles, giving them a platform to shape the party’s urban strategy. Even the Aam Aadmi Party (AAP), a peripheral entity in Pune’s political landscape, is preparing to contest the civic polls with a wholly new leadership slate.


The party most uneasy about this transition may be the Congress. Despite routinely polling between 550,000 and 600,000 votes in the city, it has struggled to convert electoral presence into organisational revival. As the Bihar election results were being announced recently, one Pune resident summed up a sentiment widely shared among Congress sympathisers: the party has votes, but not enough dynamic young leaders to carry them. The question, as he put it, is not whether the youth can help the Congress, but whether the Congress will let them.


Rewind to the early 2000s, and Pune’s political landscape looked very different. The Congress then had a formidable bench which included Suresh Kalmadi, Chandrakant Shivarkar, Mohan Joshi, Ramesh Bagwe and Abhay Chhajed. The BJP had Pradeep Rawat, Anil Shirole, Girish Bapat, Vijay Kale, Vishwas Gangurde and Dilip Kamble. Sharad Pawar’s NCP, then ascendant, rested on leaders like Ajit Pawar, Ankush Kakade, Vandana Chavan and Ravi Malvadkar. But the 2014 BJP wave flattened the hierarchy. The Congress crumbled; Kalmadi and Rawat faded from view; Gangurde exited the stage. The BJP replaced its old guard with Medha Kulkarni, and then Mukta Tilak, Chandrakant Patil, Bhimrao Tapkir, Madhuri Misal and Jagdish Mulik. Now, as Pune approaches the end of 2025, even Mohol - the BJP’s rising star - risks appearing ‘senior’ in a political landscape tilting toward younger contenders.


Demographics are accelerating the shift. Given that Pune’s last civic polls took place eight years ago, an entire cohort of voters since then has reached adulthood. They cast their first ballots in the recent Lok Sabha and Assembly elections; now they will vote in municipal elections for the first time. Their concerns include urban mobility, climate resilience, digital governance, employment differ sharply from the older generation’s priorities. Their political loyalties, still fluid, are likely to crystallise around leaders who can speak to these new anxieties.


The coming election promises a radical change in Pune’s political ecosystem. Long dominated by legacy figures, that ecosystem is set for nothing less than a generational reset. The departure of veteran leaders, the decennial rebalancing of parties, and the impatience of a newly enfranchised urban youth all point towards a younger, more competitive, and possibly more unpredictable political order.


Whether this transition will deliver better governance remains to be seen. But one thing is clear: the next generation seems determined not to wait another eight years to make itself heard.

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