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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.)

Rio’s Deadly Reckoning

Oct 31, 2025
3 min read

Brazil’s deadliest police raid exposes the futility of a decades-long war on drugs and the inequality that sustains the racket.

The police operation in Rio de Janeiro that killed more than 130 people this week was the deadliest in Brazil’s history. What authorities hailed as a ‘success’ against the Red Command – Rio’s most powerful gang - has instead exposed the brutality, impunity and political convenience that sustain Brazil’s cycle of urban violence.


Over 113 alleged members were arrested, and caches of weapons and drugs seized. Yet for all the rhetoric of victory, it was a grim reminder of Brazil’s failed security doctrine. The images of residents forced to recover bodies themselves evoked less triumph than tragedy. President Luiz Inácio Lula da Silva’s promise of a forensic inquiry and federal oversight is a familiar gesture in a country where accountability has long been the first casualty of the drug war.


The scene could have been drawn from any decade since Brazil’s military dictatorship. The state’s heavy-handed approach to ‘public security’ dates back to the 1960s, when the generals institutionalised the notion that poverty equalled subversion. In the 1980s, as democracy returned, the vacuum left by an absent welfare state was filled not by reform but by repression. The favelas (Rio’s sprawling informal settlements) became both scapegoat and battleground. Police units, nominally fighting organised crime, acted with near-total impunity; the drug gangs, born in prisons such as Rio’s Ilha Grande and São Paulo’s Carandiru, turned into parallel governments, dispensing crude justice and employment where the state would not.


Carandiru itself remains an infamous symbol. In 1992, 111 inmates were killed when police stormed the São Paulo penitentiary to quell a riot. The massacre sparked international outrage but little structural change. Nearly three decades later, in 2021, Rio’s Jacarezinho neighbourhood witnessed another bloodbath: 28 people killed in a police raid. Each time, officials vowed to restore order. And each time, the gangs multiplied.


Today’s Red Command (Comando Vermelho) grew out of that carceral past. Its roots lie in the alliance between common criminals and leftist militants jailed together during the dictatorship. What began as an ideological fraternity morphed, by the 1980s, into Brazil’s most lethal criminal network, sustained by cocaine trafficking and control of territory. Its rival, the São Paulo-based First Capital Command (PCC), now dominates much of Brazil’s vast hinterland. The result is a fractured criminal landscape: gangs that are at once transnational businesses and local feudal powers, entrenching cycles of violence that police raids rarely break.


For politicians, such operations serve a purpose. They project authority in a country weary of chaos. Castro, a conservative allied to former president Jair Bolsonaro, has built his image around law-and-order theatrics. Likewise, Lula, though more conciliatory, cannot appear soft on crime as he tries to steady a fragile coalition government. Both know that televised raids play well with Brazil’s anxious middle class.


What makes the Penha operation so shocking is not its novelty but its scale. To plan for two months and still record over a hundred deaths suggests less an accident than a doctrine. Brazil’s police are among the world’s deadliest: in 2023 alone, they killed more than 6,000 people, overwhelmingly young, Black and poor. Few of these cases lead to prosecution. Each new massacre further erodes trust in institutions, pushing residents to rely on the very gangs the state claims to fight.


The deeper malaise is political. Brazil’s drug war, like America’s before it, has substituted spectacle for strategy. Successive governments have failed to pair policing with social investment, education, or drug-law reform. Instead, they have militarised the favelas and normalised extrajudicial violence. When the army was deployed to Rio’s streets ahead of the 2016 Olympics, officials spoke of ‘pacification.’ Yet the pacified zones soon reverted to contested slums, while corruption scandals hollowed out the very police units meant to uphold order.


Real security in Brazil will depend less on helicopters and rifles than on restoring legitimacy to the state through fair policing, judicial reform and opportunities that undercut the gangs’ social base.

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