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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.)

Tough Policing

Mar 16, 2025
3 min read

Updated: Mar 17, 2025


The Ahmedabad Police, in conjunction with the Ahmedabad Municipal Corporation (AMC), recently undertook a decisive operation against individuals accused of vandalism and terror in the Vastral area. Fourteen individuals, including a minor, were arrested for engaging in violent acts using weapons. More significantly, in a move designed to deter future offenders, authorities razed the illegal properties of seven accused individuals, while publicly parading and punishing the perpetrators. If deterrence was the aim, then the police’s execution was near flawless.


But there is something else in this incident. For years, a segment of India’s commentariat has been quick to paint the Gujarat police as selectively heavy-handed, particularly in cases involving communal tensions. The charge often levelled was that law enforcement is ‘anti-Muslim’ in its response to crime and public disorder. Yet the events in Ahmedabad last week tell a different story - one of firm, unbiased policing that puts public order above political posturing.


The accused, who are all from the majority community, were neither shielded by identity politics nor given leniency based on affiliations. Not a single one spared. This is precisely the kind of even-handed action that should be replicated across the country - one where criminals are treated as criminals, not as political symbols to be defended or targeted based on convenience.


The approach taken by the Ahmedabad Police is a masterclass in law enforcement strategy: swift arrests, visible punitive measures and the use of state resources to dismantle illicit networks. Illegal properties of offenders were not just seized but demolished, reinforcing the notion that the long arm of the law extends beyond mere custodial detentions. In an age when many police forces hesitate to act decisively for fear of backlash - legal, political or otherwise - this is an example worth emulating.


Predictably, there were protests. Family members of the accused attempted to obstruct the demolition drive, a familiar spectacle where lawbreakers seek public sympathy by casting state action as draconian. But the police stood firm. This refusal to buckle under pressure is a key takeaway: a state that enforces the law without hesitation is one that commands respect.


Many police forces in India struggle with both credibility and operational effectiveness. Too often, political interference hampers their ability to act with impartiality. Too often, criminals find protection in identity politics, making the simple act of law enforcement an exercise in public relations management rather than governance. The Ahmedabad incident offers a compelling counterpoint in police action that is firm, immediate and unambiguous in its messaging.


While elements of the operation - the public sit-ups, the compelled apologies, the lathi punishment - may raise eyebrows among human rights activists, they serve a larger purpose: reinforcing the cost of public disorder. In a society where lawbreakers often operate with impunity, visible punishment acts as a crucial deterrent. The question then is not whether such methods are too harsh, but whether they are necessary.


India’s police forces are frequently maligned as corrupt, communal or incompetent. While some of this criticism is well-earned, blanket generalizations erode public trust in the very institutions tasked with maintaining order. When policing is reduced to a narrative of selective victimhood, it creates an environment where genuine criminals can operate with greater confidence, secure in the belief that political and ideological forces will shield them.


The Ahmedabad operation stands as a rebuttal to this trend. Here was a case where police action was neither selective nor politically motivated. It was a demonstration of what a functional police force looks like - one that does not hesitate, does not discriminate and does not fear backlash.


While the main accused is still at large, the message is clear: those who disrupt public peace will be held accountable, regardless of who they are. The rest of India’s police forces would do well to take notes.


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