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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Half Year Gone: Are You On Track?

As June draws to a close, it marks an important checkpoint in the financial calendar - the halfway mark of the year. The beginning of the year often brings fresh resolutions and ambitious financial goals. However, with six months already behind us, now is an appropriate time for a mid-year financial review. Are your investments on track? Beating Inflation Is Important Inflation remains a silent but persistent eroder of purchasing power. While market conditions, interest rates, and economic...

Half Year Gone: Are You On Track?

As June draws to a close, it marks an important checkpoint in the financial calendar - the halfway mark of the year. The beginning of the year often brings fresh resolutions and ambitious financial goals. However, with six months already behind us, now is an appropriate time for a mid-year financial review. Are your investments on track? Beating Inflation Is Important Inflation remains a silent but persistent eroder of purchasing power. While market conditions, interest rates, and economic headlines may fluctuate, one fact remains constant: your money needs to grow faster than inflation. Otherwise, your long-term financial goals may fall short, despite your best intentions. Define Financial Goals This is a good opportunity to reflect on key financial goals that require your attention. These may include purchasing a home, buying a new vehicle, planning vacations, funding your children’s education and wedding expenses, and preparing for your own retirement. Have you assessed how much you will need for each of these goals? More importantly, are your current investment plans adequately aligned to meet them? Review Asset Allocation The mid-year mark is also a suitable time to revisit your asset allocation. Are you holding an excessive portion of your portfolio in low returns products? Have you allocated enough to growth-oriented assets such as equity mutual funds, direct equities, and gold? These asset classes have historically outpaced inflation and created long-term wealth for disciplined investors. Necessary Insurances In Place Risk management also deserves attention during this review. Rising healthcare costs make it important that you have a personal, comprehensive, and sufficient health insurance cover, along with adequate term life insurance. Have you covered yourself on this front? Protect your savings and protect your family’s financial goals. Questions To Ask Yourself Financial planning is not a one-time activity. It is an ongoing process that requires regular monitoring and timely adjustments based on changes in income, expenses, market conditions, and life goals. Here are some key questions you may consider as part of this mid-year financial check: • Am I investing enough to beat inflation? Inflation may be gradual, but its impact is continuous. Are my investments growing at a rate that preserves and enhances my purchasing power? • Are equity and gold forming the core of my net worth? Historically, these assets have delivered inflation-beating returns. Am I still holding too much in low-interest fixed deposits or traditional insurance plans? • Am I protecting my savings and financial goals with sufficient health insurance and term life insurance? These questions are not intended to create alarm but to encourage awareness and timely action. Pause and Reflect A well-structured review at this stage of the year can help ensure that you remain on track to meet your financial objectives for 2026 and beyond. Pause. Reflect. Next Sunday, let’s talk action. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Suspicious death of undertrial prisoner

Dies after four-hour delay in treatment at Kalyan Aadharwadi jail

Kalyan: In a shocking and disturbing incident, an undertrial prisoner lodged at Adharwadi Jail in Kalyan died under suspicious circumstances, triggering serious allegations of negligence against the prison administration. The deceased, identified as Rishikesh Pawar, reportedly complained of severe chest pain on Tuesday evening but was allegedly denied timely medical treatment for nearly four hours. His family claims that this delay proved fatal, raising grave concerns about the functioning and accountability of jail authorities.

 

Rishikesh Pawar, a resident of Dombivli, had been arrested in connection with a case registered at the Hill Line Police Station in Ulhasnagar. Following his arrest, the court had remanded him to 14 days of judicial custody, after which he was lodged in Adharwadi Jail, Kalyan a facility that has been in the news previously for various controversies.

 

According to sources, Pawar began experiencing intense chest pain around 5:00 PM on Tuesday. Despite the seriousness of his condition, he was not immediately shifted for medical treatment. It was only around 9:30 PM that he was taken to Ulhasnagar Central Hospital. In a further alarming detail, he was reportedly transported not in an ambulance, but in a private Bolero vehicle belonging to the jail administration.

 

Family members allege that had Pawar received timely medical attention, his life could have been saved. Questioning the delay, they have demanded to know why no action was taken for hours despite repeated complaints of chest pain.

 

The situation escalated when enraged relatives rushed to the hospital upon learning of Pawar’s death, leading to chaos and protests. The family has demanded strict action against the officials responsible and warned of launching an agitation if justice is not delivered.

 

While Speaking to ‘The Perfect Voice’, Pawar’s friend Yogesh Jaiswal made serious allegations against jail staff. He claimed that despite repeated pleas to shift Pawar to a hospital, a jail staff member identified as “Baba” Raju Por allegedly ignored their requests and responded insensitively. Jaiswal further alleged that there is a lack of proper medical arrangements inside the jail, and accused certain staff, including a doctor, of negligence and misconduct. He also made shocking claims about the availability of contraband substances such as alcohol and drugs inside the jail.

 

Demands have been raised for an inquiry against senior officials, including Jail Superintendent Pradeep Jagtap, medical officer Mangesh Jadhav, and staff member Raju Por, along with calls for their immediate suspension pending investigation.

 

In another concerning development, Superintendent Pradeep Jagtap reportedly avoided responding to media queries, refusing to take calls despite repeated attempts. This silence has further fueled suspicions and raised questions about transparency.

 

Pawar’s body has been sent to J.J. Hospital for post-mortem examination. The exact cause of death will be determined only after the autopsy report is released.

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