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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.)

Ray’s Masterpiece Restored and Re-Released After 59 Years

Mar 29, 2025
3 min read

Once again, producers R. D. Bansal and family have brought back a 2K restored version of Satyajit Ray’s Nayak across Indian theatres on 21st February after 59 years; the film had previously premiered in 1966. The restored print includes English subtitles. Varsha Bansal, granddaughter of R.D. Bansal and representing the RDB Organisation, has taken charge of this rebirth. Uttam Kumar was apprehensive about Satyajit Ray presenting him in Nayak without make-up. He had never done this before. In mid-1965, when shooting for Nayak began, Uttam Kumar had just recovered from a bout of chickenpox. Ray asked him to touch up his face only in flashback scenes as if he were a younger man. When the shooting was over, Uttam Kumar said, ‘‘I have discovered a new side to myself. Unhindered by make-up, I felt freer while expressing my emotions.’’


Critics and filmmakers initially came down with hammers and tongs against the film, the main grouse being the casting of Uttam Kumar as the film's hero. They concurred that Ray could have easily chosen an equally talented actor to portray the role of Arindam Mukherjee in the film. Looking back on the film, the critics turned around and said in a chorus that Nayak was perhaps the most outstanding performance of Uttam Kumar in his entire career, where he remained the numero uno till he passed away at a comparatively young age.


This writer chooses, for a change, to read Nayak as a road movie, as it is a journey from Kolkata to Delhi on the Rajdhani Express. The span of the film covers this journey, beginning with the train chugging off and ending at New Delhi railway station.


The road strips away moral virtues, exposing people to their bare essentials, often leading to introspection and philosophy when they leave the comfort of the familiar for the unknown. However, this notion doesn’t entirely hold true for the Indian road movie. Take, for instance, Satyajit Ray’s Nayak—where the film star protagonist embarks on a journey to Delhi, not in search of self-discovery, but to receive the National Award. His secretary failed to get air bookings, so he was forced to travel by Rajdhani Express. Irritated with the unwanted attention of fellow commuters, he goes to the dining car. There, he chances upon Aditi, an editor of a woman's magazine who is travelling to Delhi to receive a grant for her magazine. The physical and geographical journey changes into a journey of introspection for the hero and of discovery for the journalist. To celebrate their brief bonding, Aditi tears up the sheets where she had noted the interview, and when the engine arrives at the Delhi train station, the two part ways.


Says Dipankar De Sarkar in his re-reading of the film: “According to Ray, through Nayak, he wanted to: 1. Investigate the psychology of a movie star; 2. Investigate the psychology of fans; 3. Make a film about a train journey. But there’s one element in the critical narrative about Nayak that remains underplayed, and that is the character played by Tagore.”


The journey unfolds through flashbacks, including a few nightmarish scenes from the hero’s perspective. His past traces his rise from a small-town theatre actor to a film star, but the film omits details of his family background, as they seem unnecessary in retrospect.


The Rajdhani Express carries multiple journeys within its journey. Aditi’s past remains unknown, except for what emerges in conversation. She is single, has a cousin who edits a women’s magazine, and recognises Mukherjee’s name and face but has rarely watched his films.


As the train pulls into Delhi railway station, fans crowd around the hero, greeting him with bouquets and garlands. A crowd forms, but the journalist quietly walks away with her uncle. The hero tries to catch her eye over the heads of the crowd, but she does not turn back.


For her, it was a fleeting yet memorable encounter. For him, an emotional journey he never anticipated. The train’s journey from Kolkata to Delhi is real but layered with stories branching from the hero’s meeting with the obscure editor. Through his interview with Aditi, Arindam’s inner journey unfolds in flashbacks—from a suburban theatre actor to a matinee idol. While the train moves forward, his memories pull him back into the past.


Nayak is a perfect blend of technical and aesthetic craftsmanship. Every aspect—acting, framing, sound design, and art direction—is meticulously executed. Bansi Chandragupta’s brilliance shines in his creation of an entire train solely for the shoot. Sharmila Tagore, free from her starry razzmatazz, delivers a subtle and restrained performance. Nayak is not just a film; it is the film—a masterclass for today’s filmmakers and students.


(The author is a films researcher based on Kolkata.)

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