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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.)

Rebel Without a Clue

Aug 9, 2025
3 min read

Rahul Gandhi has turned the Congress into an echo chamber by peddling conspiracy, parroting the narrative of India’s adversaries and alienating his own party ranks.

It was pure Rahul Gandhi: a flourish of indignation, a headline-grabbing claim and dodgy facts. At a recent New Delhi press conference, the Congress leader alleged that over 100,000 “fake voters” had been planted in Karnataka’s Mahadevapura constituency while declaring he possessed “100% proof” of mass fraud in the 2024 Lok Sabha elections. The ECI replied with studied patience, calling the charges “misleading and baseless,” and asking Gandhi to sign an affidavit under oath, warning that lying would invite criminal penalties under India’s Nyaya Samhita.


Gandhi has made a habit of building grand conspiracies on wafer-thin foundations. Days earlier, he had endorsed US President’s Donald Trump’s smear that India is a “dead economy,” saying he was “glad” the remark was made and that “everybody” knew it except the Prime Minister and Finance Minister. Senior Congress figures distanced themselves, wary of repeating a foreign leader’s insult to India’s economy. Congressman Rajeev Shukla publicly contradicted Rahul while others privately, rolled their eyes.


If that was ham-fisted, his performance during the Operation Sindoor debate was reckless. On the floor of Parliament, Gandhi alleged that the Modi government had reportedly informed Pakistan of its intended military targets and constrained Indian pilots during a retaliatory strike. The BJP accused him of “parroting Pakistani propaganda” and undercutting India’s global standing. In any other major democracy, such a claim from the leader of the opposition would have ended his credibility.


Today, the echo chamber is the Congress’s core problem. Gandhi has built a media-political ecosystem that thrives on outrage and ideological signalling rather than policy work or coalition-building. The result has been the gradual alienation of the party’s most articulate and internationally respected voices. Shashi Tharoor, who has represented India abroad with great skill while Manish Tewari, another seasoned parliamentarian, have been shunted to the margins. Both were tapped by the Modi government for global diplomatic missions precisely because they can rise above partisan reflexes. Their offence was to prioritise the nation over the party line - an unpardonable sin in Rahul’s court of sycophants.


The political cost is mounting. By narrowing his circle to fawning loyalists and ideologues, Gandhi has shrunk the Congress’s reach. His rhetoric, whether echoing Trump, feeding Pakistani talking points, or pushing fantastical allegations about the electoral process, reinforces the perception that the party is out of touch with ordinary voters and more concerned with foreign applause than domestic persuasion. The spectacle may energise the converted, but it leaves everyone else unconvinced.


There is a pattern here. Gandhi launches into a sensational claim which then collapses under scrutiny; the party doubles down rather than recalibrate. In each case, the Congress emerges more isolated politically, intellectually and diplomatically.


The irony is that India needs a credible opposition. In theory, the Congress, with its national footprint and experienced bench, could fill that role. In practice, it has tethered itself to such a cretinous leader whose instincts run towards bizarre theatrical confrontation, not constructive challenge.


An effective opposition leader must balance criticism with responsibility; Gandhi instead mistakes grievance for vision. His style is only about reinforcing his own ‘moral’ self-image. Instead of offering a credible programme for India’s future, he has honed a style that oscillates between sulking over losses and pre-emptively crying foul before the next contest.


In doing so, he has not only failed to broaden Congress’s appeal but has consistently driven away some of its most capable lieutenants.


Rahul Gandhi likes to speak of defending democracy. Yet in his hands, the hackneyed script of the Congress is tailored to the prejudices of Gandhi’s inner circle and the sympathies of a global audience predisposed to dislike Narendra Modi. The Congress party’s strategy under Gandhi is not to debate the government or its policies but to viciously despise it, come what may.


In Rahul’s lexicon, Narendra Modi is not merely a political opponent but the embodiment of all that is wrong with India. The anger is so consuming that it bleeds into a disdain for the nation itself.


Like a footballer who blames the referee after every loss and complains of bias before the next match, Gandhi is locked in a cycle of grievance. His politics is noise without consequence. The tragedy is not his alone. By tying its fortunes to this reluctant adult, the Congress party has condemned itself to irrelevance. For all his noise, Rahul Gandhi remains the boy who would be king - forever playing to the gallery, even as the stage beneath him rots.

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