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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.)

Three deaths, three lifers

Quaid Najmi
Jun 29
3 min read

Landmark verdict in 60 days as pune court terms crime ‘rarest of rare’; calls ‘brutal’, ‘inhuman’ and ‘barbaric’

Mumbai: In a milestone verdict, a Pune Special Fast Track Court handed triple death and triple life sentences to a 65-year old man for the rape-cum-murder of a three-years and two-months old girl, within barely 60 days of the crime, terming the case as falling in the ‘rarest of rare’ category, on Monday.


Special Judge S. R. Salunkhe slapped the verdicts “to be hanged till death” and “life imprisonment” for each of the three main charges – rape, murder, kidnapping besides provisions of the Prevention of Children from Sexual Offences (POCSO) Act, terming the acts of the convict, Bhimrao Prabhakar Kamble, as “brutal, inhuman and barbaric”.

 

“The Special Court has awarded three life-terms and three death sentences for all the main charges. This is an unprecedented and historical verdict,” an elated Special Public Prosecutor (SPP) Ajay S. Misar told ‘The Perfect Voice’ shortly after the ruling.

 

The precedent-setting ruling came before a jam-packed courtroom  where Kamble stood with his head down in the witness box, the family members of the victim’s family, along with SPP Misar, the Pune Police Investigating Officer Inspector Vijaymala Pawar, and Pune (Rural) Superintendent of Police Sandeep Singh Gill besides the family’s lawyer Vipul Dushing remaining present.

 

Diabolical Crime

The Special Judge observed that the diabolical crime – for which Kamble was convicted on June 25 - did not just shock the judicial conscience but also shook public ethics, citing similar bestial incidents in Kathua (Jammu & Kashmir, 2018) and Unnao (Uttar Pradesh, 2017) that had sparked similar public outrage – as the victim’s family members broke down in the courtroom today.

 

According to the police and prosecution, the victim girl, who was visiting her grandmother, was accosted by Kamble, later raped and murdered on the afternoon of May 1 at Nasrapur village in Bhor taluka of Pune district.

 

“The offences relate to the commission of serious crimes like murder and rape by an accused with a prior record and a substantial history of serious assault. The offence was committed outrageously and involved inhuman treatment and torture of the victim. The victim was an innocent, helpless child. The murder was committed to satisfy lust, which evidences total depravity. It was a cold-blooded murder without provocation. The crime was committed so brutally that it shocks not only the judicial conscience but even the conscience of society,” the Special Judge Salunkhe said.

 

Aggravating Factor

Justifying the capital punishments, the Special Court said the only circumstance that could be posed was the age of the accused  (65 years), and opined that it was not a mitigating but rather an aggravating factor, while relying on solid and circumstantial evidence like CCTV footage, DNA profiling, the statements of 55 witnesses, including a child, crime scene panchnama, identification parade records, articles seized during the probe, chemical analysis and other scientific reports, produced during the trial,

 

SPP Misar said six crucial CCTV footage reconstructed the sequences of events, it showed Kamble taking the victim towards the crime scene at 3.12 pm that afternoon and returning alone at 3.51 pm, establishing she was in his custody for 39 minutes. It was during that period he sexually assaulted the victim, committed an unnatural sexual act, killed her and then concealed her body to mislead the investigators.

 

Medical Reports

The prosecution team of SPP Misar and Prathamesh Shingane also relied on the medical and autopsy reports, the detailed analysis of the injuries that corroborated its reconstruction of the crime and other circumstantial evidence indicated that the crime was pre-planned by Kamble.

 

The Special Court noted that the prosecution proved both the last seen theory and the chain of evidence beyond a reasonable doubt, that Kamble was the ‘last person seen with the victim’ while she was alive, and there was no one else in her company before her death, with the entire set of circumstantial evidence unbroken and complete, pointing to his guilt.

 

Strongly seeking the capital punishment SPP Misar cited 12 Supreme Court judgements while the family’s lawyer Dughing said: “The victim was of a very tender age, 38 months old while Kamble was 65 years. The nature of the crime is extremely barbaric and committed solely to satisfy his lust.”

 

They rubbished Kamble’s statement to the court as “totally false”, demolished by the probe, scientific  DNA profiling, medical records, forensic reports and circumstantial evidence, to decisively nail him.

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