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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.)

The Chanakya of Patna

Nov 15, 2025
3 min read

After a crushing win, Bihar’s long-time chief returns with renewed mandate and a reminder of his political agility.

Nitish Kumar has been declared many things over the years: wily survivor, serial shapeshifter, ‘sushasan babu,’ ‘Mr. Clean’ and, more recently, a fading star. But when the results flashed on Friday evening as the NDA sweeping past the 200-seat mark in the 243-member Assembly, one line captured the mood from Patna’s bylanes to its party offices: “Bihar ka ek hi star, Nitish Kumar.”


It was both a triumphant roar and an affectionate homage to a man who has become synonymous with Bihar’s political imagination. At 74, and set now for his tenth innings as chief minister, Nitish Kumar has once again proved that in a state famed for volatility, he alone remains the constant.

The verdict, said NDA leaders, was not merely a political sweep but an endorsement of a joint legacy: two decades of NDA stewardship in Bihar and eleven years of the Modi government at the Centre. Voters, they insisted, had accepted Narendra Modi’s development philosophy and reaffirmed Nitish Kumar as “the tallest leader in Bihar.”


It is hard to quarrel with the scale of the win. The JD(U), written off by sections of the commentariat as an ageing party led by an ailing chief, nearly doubled its tally from 2020, surging from 43 to 85 seats. The BJP held firm as the anchor of the alliance. The combined effect was a tidal wave of pro-incumbency that confounded predictions of voter fatigue, anti-Nitish sentiment and creeping instability within the NDA itself.


If Nitish appeared subdued during the campaign - less fiery than in previous years and careful with his words, it was a deliberate choice. He did not dabble in rabble-rousing or provocative rhetoric. Instead, he fell back on his usual staples of good governance and development.


His campaign was, nonetheless, relentless. He launched it on October 21 in Muzaffarpur; by November 9, he had addressed 184 public meetings. On a single day in late October, travelling by road, he covered all seven seats in his home district of Nalanda, a symbolic counter to whispers that ill health had eroded his stamina. The JD(U) rank and file, sensing the stakes, closed ranks in a way unseen in recent years.


The tone contrasted sharply with the BJP’s more combative messaging against Lalu Prasad Yadav and Tejashwi Yadav, invoking the spectre of ‘jungle raj.’ Nitish’s criticism was more muted in contrast.


Nitish Kumar’s greatest asset is not charisma or rhetoric but reputation. Over nearly two decades, he has built an image of clean administration - an increasingly rare commodity in Indian state politics. No serious allegation of personal corruption has ever stuck. And even while his ministers have wobbled, he has not.


The ‘Sushasan raj (rule of good governance), a term coined during his early years of Chief Ministership, is a tag that has endured. Regular power supply, virtually free for large sections of society; a web of rural roads and state highways; the restoration of law and order after the anarchic 1990s; advances in girls’ education; and social reforms that often came ahead of their time: these have collectively created a reservoir of goodwill that neither his political flip-flops nor his periodic missteps have been able to drain.


Crucially, Nitish has built a coalition that defies Bihar’s caste logic. His own Kurmi community is small, but he commands loyalty across EBCs, non-Yadav OBCs, women and even upper castes. In the wake of his win, ‘Jiske saath Nitish, wahi rahega bhari’ (whichever side Nitish is on, that side wins), is not mere rhetoric. It reflects his rare ability to transfer votes wholesale to his alliances, regardless of their composition.


However, in the run-up to the polls, Nitish was dismissed in some quarters as a liability. His gaffes fed a narrative of decline. Rivals mocked him and even his allies winced. Yet the criticism seems to have galvanised his core constituencies. They closed ranks, rejecting the idea that their chief minister had become expendable.


The BJP, in turn, lauded him as an “all-weather friend” in a nod to the longevity of a partnership that has survived walkouts, reunions, and redefinitions.


Bihar’s verdict is many things: a rejection of the RJD’s nostalgia-tinged politics; an embrace of Modi’s development pitch; and, above all, a renewed affirmation of Nitish Kumar’s centrality. The NDA insists that he alone will decide his cabinet as the BJP knows that the mandate runs through him.


For a leader once thought to be limping to the finish, Nitish Kumar has returned not as a placeholder but as Bihar’s indispensable axis.

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