top of page

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.)

The Blunder of the Past

Sep 27, 2025
3 min read

For two decades, Bagram symbolised U.S. might—until it became a monument to surrender.

Approximately 40-50 km from the capital of Afghanistan, in the shadow of the Hindu Kush, lies one of the world’s largest air bases, Bagram. Built in the 1950s by the Soviet Union to strengthen its communist roots in Central Asia, Bagram was captured later and expanded by Americans in the hunt for Osama bin Laden and to dismantle Al Qaeda.


From 2001 to 2021, for over two decades, Bagram served as a command centre for U.S. and NATO troops, housing a large arsenal and heavy aircraft. It witnessed a stark demonstration of how a trained, well-equipped military could not counter the guerrilla tactics of the Taliban. It saw the militants celebrating the very weapons the deserters had left behind. Bagram unmasked the torch-bearer of human rights as they turned their backs on the Afghan people, abandoning the counterterrorism commitment they professed to uphold for so long. The base is a symbol of surrender, a history that America is now seeking to rewrite.


In July 2021, just a month before the fall of the US-backed Afghan regime, the Federation of American Scientists (FAS) had identified a new Chinese missile base in the Xinjiang region across the Afghan border. The FAS report claimed that nearly 250 nuclear missile silos are under construction in China, which is more than half of the size of the entire U.S. intercontinental ballistic missile strength. Bagram air base is one hour away from China’s nuclear base.


Trump realised the biggest blunder of the past: the abandonment of Bagram Air Base, their strategic military asset in Central Asia. Now he wants Bagram back. “We gave it away for nothing,” he says, blaming Biden for the misstep. However, it was Trump who signed the poorly negotiated Doha Agreement, which Biden did not renegotiate. But how could a real estate mogul-turned-politician miss the politics of place? Despite all this, Bagram is called “Biden’s failure” and Trump’s promise to Make America Proud Again. For debt-ridden Europe, reclaiming Bagram means another burden of being a U.S. ally.


“Bad things are going to happen” is another threat by Trump to make the enemy foresee the worst and rush to the negotiating table. “They need things from us. “We want that base back,” he asserted. The Taliban seeks recognition to lift economic sanctions, unfreeze $9.5 billion in assets, and secure international aid for the rebuilding efforts. Meanwhile, by blocking India’s access to Iran’s Chabahar port, Trump has not just hampered India’s trade, but he has also choked off essential supplies to Afghanistan, too. The United States clearly gained leverage over the Taliban. However, reclaiming the base once lost is no cakewalk.


The Taliban sits atop vast untapped natural resources, including copper, iron, gold, rare earths, and significant oil reserves. The latest geological surveys seem to have reignited Trump’s interest in the land America once abandoned. Doing business with the Taliban is not that easy, as the heavily sanctioned, cash-strapped Taliban now runs the world’s biggest opium trade. Illiteracy, rampant corruption, and widespread crime further complicate any potential undertaking. Re-operating Bagram would require billions of dollars of investment, which brings in significant risks. Since the West’s exit, the geopolitics of Afghanistan has changed drastically. China has invested heavily in Afghanistan, securing over 200 mining contracts to extract Afghanistan’s natural wealth.


This investment dynamic positions China as a key player, resistant to any U.S. presence in Afghanistan. The resistance is especially strong given Bagram’s proximity to a Chinese nuclear facility and regions of ethnic unrest involving Uyghurs and other Muslim minorities.


For Iran, too, a possible return of U.S. control over Bagram would constitute a threat to the so far uninterrupted Iran-China trade, the revival of its nuclear programme, or the carrying on of other economic activities sanctioned by the West. The U.S. would use Bagram to monitor Iran, given its proximity to the Iranian border—closer than the Pakistani air base from which the U.S. struck Iran’s nuclear facilities during the peace dialogues. As a response, Iran had then fired a few missiles in Qatar’s skies, but now operating Bagram airbase would put the U.S. troops within striking range of Iranian missiles.


Russia would also not want NATO to re-enter its sphere of influence, whether in neighbouring countries or lands afar.


Reclaiming and operating Bagram would not only expose the United States to significant challenges and resistance from both within and around Afghanistan, but it would also highlight the blunder of the past.


(The writer is a foreign affairs expert. Views personal.)

Comments


bottom of page