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FINANCIAL PLANNING: Learn to manage money stressors

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It’s been five years of being a financial educator and teaching people how they can manage money better. While it has been great to have impacted thousands of educated people in India, I find the level of financial literacy among the educated to be actually deteriorating. Knowledge levels on money management continue to be low and an investment bias towards traditional investments, which do not beat inflation, continues to exist.

Further, lifestyle and consumption-based spending and the feeling that as long as one can see the money, one will have enough for the future is stopping people from planning for their future. This attitude is prevalent in people up to their early forties. It is only when the big financial goals (like children’s higher education) are four to five years away, do people start thinking of doing something about their finances. This is a sure shot recipe for disaster.

If you do want to have a better financial life, you would need to start by attacking the five main money stressors.

Not being able to save – Are you sticking to your budget? Are you saving and investing at least 30% of your take home? If not, you need to keep an expense tracker and figure out where you can cut expenses. Stop using credit cards for a while and only spend on debit card. Keep a limit on how much you can spend on the debit card in a month.

Too many loans – How much of your income is going towards EMI? Do you have a plan for paying off debt? If not, make a list of all outstanding loans and start by paying off the most expensive one first. Set milestones for yourself and have a single-minded focus to pay off loans (except home loan) at the earliest.

No money for emergencies – So often I hear that at times of emergency, people use their credit cards and do not have access to their money. This is because of the tendency to tie up money in real estate and insurance policies, thus being left with very little liquidity. You need to have six months of expenses kept aside as a contingency fund. This could be in a liquid fund or a fixed deposit for those in lower tax bracket.

Not enough funds for financial goals – people sometimes give up on financial planning because they feel that they will not be able to build up the required corpus for financial goals simply because they don’t earn enough. Well, something is better than nothing. There are no loans for retirement and if you start saving for retirement early, you would still be good. Building up knowledge on investment products is important, as you need to invest in products, which beat inflation, compound and give tax efficient returns.

Too taxing to manage everything – help is available. But you need to pay for it. Just like you pay for every service you use elsewhere, you need to pay for financial advise. Find a fee only financial planner who can help you with creating a financial plan around your needs and your life plan. A financial advisor can also help navigate through the myriad of investment options especially, mutual funds.

Finally come up with your own money mantra that will motivate you to manage money better. Mine is “being debt free and using my money to create more time for myself to pursue my interests”.

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Nisha Shiwani hails from the pink city of Jaipur and is a prolific writer. She loves to write on Real Estate/Property, Automobiles, Education, Finance and about the latest developments in the Technology space.



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EDITOR'S PICK

10 poems of Tagore that capture the beauty of true love

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Rabindranath Tagore is regarded as the greatest poet and writer in modern Indian literature. The Bengali poet was not only one of the greatest novelists and educators in India but also a Nobel Laureate for Literature (1913). In 1915, Tagore was awarded as the knighthood; however, he surrendered the award in 1919 in protest against the Jallianwala Bagh massacre, where British troops killed around 400 Indian activists.

Tagore experimented with many poetic forms in his writing but many of his works have lost in translations into other languages. Tagore was the first Indian to introduce psychological realism to his novels.

Here are some of the best Rabindranath Tagore Love Poems:
#1

#2

#3

#4

#5

#6

#7

#8

#9

#10

“If you cry because the sun has gone out of your life, your tears will prevent you from seeing the stars.”
― Rabindranath Tagore

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DIY

PLASTIC BOTTLES: Let’s recycle, repurpose and reuse…

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Nearly 80% of the plastic bottles used and thrown every day become non-bio degradable litter that takes a huge toll on environmental health. Of course, it is more convenient to sip the drink straight from plastic bottles however the plastic litter accumulated from the same acts as toxic pollutants which cause water, land, and air pollution.

So, reusing and repurposing of plastic bottles is an excellent way to contribute to saving the environment from getting polluted. It is a surprising fun to repurpose, redesign and reuse the plastic bottles. Let’s check that below.

#1 Zipper Case for stationery items
Transform the old plastic bottles into sturdy and useful zipper cases that will help to organize the office stationeries or art and craft supplies. This is also a fun-filled craft idea for kids.

#2 Piggy Bottle Bank
A cute piggy bank not only encourages kids to save also it inspires them to learn about recycling. All it needs is a cut on the bottle appropriately and lots of fun in creating super cute designs on the bottle to make it an adorable piggy bank.

#3 Vertical Hanging Garden
This is a rare but excellent idea for growing small leafy vegetables and herbs. A plastic bottle vertical garden is designed by looping the bottles horizontally along an interior wall or balcony. Here are some interesting ideas for a plastic bottle vertical garden.

#4 Amazing Jewelry Stand
A beautiful jewelry stand from plastic bottles looks great and can hold and hang tons of small jewelry items. And it doesn’t even take long to make as you have to just cut the bottoms of plastic bottles, then fix a metallic rod through them and see your craft transforms into a beautiful jewelry organizer.

#5 Tiny Snack Bowls
Transform the discarded plastic bottles into an unbreakable snack or dry fruit bowls for a small kitty party or family get together. Cut the bottom of the plastic bottle then use a hot iron to flatten and smooth out its edges and here is a pretty bowl all set for you. You can make it fancier by putting additional decoration to the tiny bowls.

Happy DIY 😊😇😊

 

 

 

 

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Crime

Diabolical death of two youths of Uttarakhand in Gurugram Haryana

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Third boy who was lucky enough was injured badly but saved his life. Addmitted in hospital with serious injuries. He is from village Ghulek, Garhwal, Uttrakhand.
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Breaking News
Two young boys primarily hailing from Raath area of Garhwal Uttarakhand, specifically from Kathyud and Kuthkhal villages have been diabolically under mysterious circumstaces  on the 14th of July.  Some say they were brutally murdered while the Gurugram police claim their death through accident. They were serving in Gurugram, Haryana in a Hotel.
This tragic news has created a sensation amongst the people of Uttarakhand community in Delhi and Haryana with the news about these diabolical deaths going viral in social media as well.
These young boys were serving in a private hotel and earning their livelihood for their families living in Kathyudh and Kuthkhal villages in Raath area of Garhwal Uttarakhand.
The exact reason for the abominable murders/ deaths has not been ascertained yet.
However, the SHO Udyog Vihar police station Gurugram says that it’s a case of rash accident at midnight by a tempo driver who fled after hitting these boys.
Sounds strange, shocking and dubious too.  Even if it’s an accident as claimed by the police, its equivalent to murder as no law gives the right to take away innocent lives especially of the guilty driver flees the accident spot instead of helping the injureds.
However, after postmortem, the dead bodies have been kept in the Gurugram mortuary even after two days of the incident.
According to sources, both these boys have been brutally killed at midnight in Sikandarpur area of Gurugram in Haryana on 14th July at midnight which the police claim to be an accident. The CCTV footages are being minutely examined to ascertain the real cause of these brutal deaths.
These boys were returning back home after performing their respective hotel duties in the night.
While on the way both these boys were mercilessly killed either by some goons or through accident while the third one was grievously injured . The exact cause of the death is still a mystry.
The rescued boy hails from the village Ghulek in Pauri Garhwal, reveal sources.
He has been admitted to a Gurugram hospital and doctors are monitoring his condition. Police are waiting for his version that may shed light to the actual cause of the tragedy. Furious inhabitants of Uttarakhand in Delhi and Gurugram are questioning the integrity of the lical police which has still not bern able to find out the actual cause of these grusome young deaths nor have they been able to trace out the culprits.
There are thousands of migrated youth working in the metropolises of the country earning their livelihood for their poor families living in the villages.
Last year one such youth was killed in Haryana and  Bangalore at night after being looted,  while they was coming back to their quarters from his duty.
The member of Parliaments of Uttarakhand in Delhi including the union HTD minister Dr. Ramesh Pokhriyal Nishank should use their good offices and help the bereaved families by arranging adequate financial compensation for the decased’s traumatic parents and pressuring the DG police of Haryana to bring the culprits to justice at the earliest.
Uttarakhand Journalists Forum demands immediate action against the culprits of these gruesome killings and severe punishment to the murdurers.
Meanwhile the Uttarakhand chief minister Trivendra Singh Rawat has expressed his serious concern and dissapointment over this tragic incident and has telephonically spoken to the Haryana chief minister Manohar Lal Khatter to intervene in this matter personally to ascertain the real cause of deaths of these two youths and instruct the police to bring the culprits to justice at the earliest. Mr. Khatter assured the CM of his all possible help to nail the culprits at the earliest.
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Featured

Forest guard falls prey to a maneater in Lansdowne as maneater killings go unabated in Uttarakhand

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Maneater of Uttrakhand on a prowl for human lives
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The horrific incidents of maneater killings in the various districts of Uttarakhand are on the rise.

There is little that the forest department can do in this regard as the tigers and maneater leopards are in search of human flesh in view of the dearth of animal prey in the jungles of Uttarakhand.
Newsviewsnetwork has consistently highlighted these incidents of carnivorous animals like those of tigers, leopards and cheetah attacks on human beings.
Till now hundreds of children, women and senior citizens have fallen prey to these predators.
In Uttarakhand, the situation is so scary that in some parts of Garhwal and Kumon division people do not venture out of their house after 6 PM for the fear of maneaters.
There have been incidents when these predators have grabbed children by entering their houses and killing them brutally, especially on roadsides and in the houses near the forest areas.
In one such fresh incident, two days ago Sohan Singh  Chouhan son of Virendra Singh Chouhan working in the plain range area of Lansdowne division of Kalagarh Tiger Reserve in Pauri Garhwal Uttarakhand has been brutally killed. His mutilated body was recovered after twelve hours.
He was just 23 years old and was the resident of Sindhikhal, Lansdowne.
According to CNE via information given by the forest officer of Lansdowne Forest division Indresh Upadhyay, the deceased Sohan Singh Gusain was on usual patrolling of the jungle.
While passing through Tatapani area in the dense forest a leopard pounced on him and dragged his body several meters away mutilating it badly leading to his death.
Since the jungle was quite dense it took 12 hours for the forest authorities to trace his badly mutilated dead body.
The body was handed over to the bereaved parents of late Sohan Singh Chouhan. There is an atmosphere of terror all around as this maneater leopard has now become a direct threat to the lives of the nearby residents.
These horrific incidents of maneater killings in the various districts of Uttarakhand are on the rise and something soon needs to be done by the Forest officials to check this menace.
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Uttarakhand and Goa liberation movement leader Sharma remembered on his 25th anniversary

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Uttarakhand BJP chief and MP Ajay Bhatt paying his richest tributes to late S. C. Sharma at Uttarakhand Sadan in New Delhi
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The president of Uttarakhand state unit of Bhartiya Janata Party and MP from Nainital Ajay Bhatt has lauded the contribution of renowned dedicated leader and activist of separate Uttarakhand and Goa liberation movements late S. C. Sharma and said that he was a pioneer, a leader, and a committed activist because of whom and thousands of others, the protracted demand for the separate state of Uttarakhand could be realized on 9th November 2000.  Late S. C. Sharma belonged to Uttarakhand.f

Calling the legendary Uttarakhand and Goa liberation movement leader late S. C. Sharma as the veteran signatory leading to the realization of these long pending demands BJP leader and MP Ajay Bhatt assured the audience that his party’s government would not sit idle till the dreams and aspirations of separate Uttarakhand movement activists are fulfilled to the core.
The BJP state president Ajay Bhatt was addressing an impressive gathering at Uttarakhand Sadan to commemorate the 25th anniversary of late S. C. Sharma.
The general secretary of All India Congress Committee and former chief minister of Uttarakhand Harish Rawat termed Sharma’s role and contribution in Uttarakhand movement as most significant and unforgettable.
He added that legendary figure of Uttarakhand late Suresh Sharma had dedicated his entire life for a separate Uttarakhand state and played a pivotal role as one of the front line leaders of the movement during the eighties and earlier. His contribution in the struggle for a separate Uttarakhand was unparalleled added Harish Rawat.
The former minister of the state and Uttarakhand movement activist Dhirendra Pratap while paying his rich tributes to the doyen of separate Uttarakhand movement  Suresh Sharma, his late father, said that he had never compromised with power and positions and relentlessly struggled for the noble cause of a separate Uttarakhand state. SC Sharma also fought for various peoples’ issues and rights.
Dhirendra Pratap lauded the dedication and relentless struggle of Suresh Sharma and said that he along with several other Uttarakhand activists had courted arrest in 1978 at Boat Club who were later imprisoned in Tihar Jail for several days.
It was because of Sharma’s immense contribution to the separate hill state that the union government was compelled to grant statehood on 9th November 2000,  added Mr. Pratap in his impressive speech.
The commemoration ceremony of legendary Uttarakhand leader and activist of Goa liberation movement late Suresh Sharma was chaired by one of the leading activists’ of Uttarakhand movement Shashi Bhushan Khanduri.
The meeting was ably conducted by senior journalist Avtar Negi. Prominent amongst those who addressed this meeting in honor of late S. C. Sharma were the secretary of AICC B. P. Singh,  General Secretary of Uttarakhand Congress Vijay Saraswat, Dr. Vinod Bacheti, Ram Kumar Walia, Yudhvir Singh, Jitendra Gaur, Ishwar Rawat, Professor Pratap Singh Negi, Haripal Rawat, and others.
A large number of  Uttarakhand movement activists participated in the commemoration ceremony along with intellectuals and party activists across ideological boundaries.
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Crime

Rape of a 5 year old once again puts spotlight on the increasing crime graph in Uttarakhand

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The crime rate in the hilly state of Uttarakhand has been on an upward swing despite several claims by the state government of enhancing the police budget and therefore the subsequent improvement in the crime graph.

The most worrisome fact is that the cases of women rapes, murders, dowry deaths, and immolations are on the rise and adolescents too are the regular victims of these obnoxious rapes.
Citing one of such tragedies which people of the state are fully aware is the stalking of an 18-year Pauri girl and her subsequent immolation in broad daylight. A number of such shameful incidents has happened in Kotdwar, Satpuli, Pauri, Haldwani, Pithoragarh and Chamoli districts etc last year.
Several incidents of women assaults and harassment are not reported in the interior villages due to social stigma and the fear of criminals.
There are also no definite or authentic figures available if one asks for the crime statistics.
Yesterday the brutal and obnoxious rape of a mere five-year-old girl and subsequently viciously injuring her came to light in Raiwaala, Dehradun – the capital city of Uttarakhand state.
The rapist fled from the crime scene after raping and injuring the innocent girl who is in an extremely critical condition.
The incident occurred yesterday under the Raiwala police station’s jurisdiction in Haripurkalan area.
According to sources, the police have got the severely injured child rape victim admitted in a government hospital of Haridwar and are on the lookout for the culprit, who is still at large.
There is tension all around and the local residents are extremely furious. This incident has once again put the spotlight on the rising crimes against girl child and women in Uttarakhand.
According to a report in TOI last year,  a look at the FIRs registered in the police stations across Uttarakhand, tells us that on an average there are about eight cases of crime reported in the state every day.
What is more worrisome is the fact that the cases of dowry-related deaths and rapes reported in 2018 have doubled from the previous year, while cases of molestations have also doubled compared to 2017.
As per TOI, data assessed from the police department from January to October 31, 2018 – 2,498 cases of crime were registered against women.
While during the first ten months of 2017, 2045 cases of women related crimes were registered in various police stations, in 2016 this figure was less than 2000 i.e. with 1745 cases.
As per the TOI report of 2018, the incidents of rapes increased to 438 while in 2017  the rape count was 237 and this figure was even less in the preceding year i.e. 2016 when 278 cases were registered.
In 2018 a 14 year mute and deaf girl was raped who also gave birth to the child while in Dehradun a 15-year-old student was raped by her seniors resulting in shock and sensation all around.
According to a news report, Haridwar and Dehradun are the worst criminally affected districts in terms of rape cases with Haridwar reporting 132 rapes cases followed by Dehradun with 110 cases in 2018.
Similarly, the incidents of molestation are also on the rise across the state as per police records showing 67 cases of molestations in 2018 which has increased from 29 in the year 2017.
According to recent information,  in 2019-20 the Uttarakhand government has allocated 4.2% of its budget for the expenditure in the police which is considered to be the highest than the allocations in other states (3.9%) in 2018-19.
The point is mere allocation of the budget is not enough as the state police machinery from top to bottom will have to be more vigilant and action-oriented in curbing the rising crime graph across Uttarakhand, especially ensuring the safety and security of women considered to be the most vulnerable lot of the society.
It’s a common saying that Uttarakhand has become a safe haven for outside and domestic criminals.
The efficient police of this hilly state will have to use its acumen and intelligence to crush the criminals and rapists who are nothing but parasites on our society.
The chief minister of Uttarakhand Trivendra Singh Rawat had last year assured that his government will soon bring legislation to award death penalty to the rapists of the minor girls but what nothing has happened regarding this.
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Featured

Speaker fixes Thursday for floor test in Karnataka Vidhana Soudha

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Speaker of Karnataka Vidhan Saudha
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The Karnataka political turmoil seems to have reached to a conclusion for the time being as both the warring parties, the Congress JD( U) combine and the BJP have agreed to a proposal for calling the floor test on Thursday at Bengaluru Vidhana Soudha to finally decide which political party commands the requisite majority to form the government in the  southern state.

The former chief minister and BJP leader Yaduruppa had met the speaker and had requested him to call the house for floor test at the earliest but the latter had turned it down as the apex court’s decision of the Karnataka impasse is to be delivered tomorrow evening.
Meanwhile, emerging out of the political affairs committee meeting, the former Congress CM of Karnataka and CLP leader Sidharamaih revealed that after discussions with the Congress JD ( S) combine as well as the BJP the speaker has fixed Thursday for the floor test in the Karnataka Vidhana Soudha.
There will be a detailed debate in the house and the voting will take place thereafter.
This means that now both the Congress JD ( S) alliance and the BJP are quite eager to derive maximum advantage from the impending political crisis and  for this, they have three days with them.
Political observers say the ruling coalition leaders will do their best to woo the annoyed dissidents during these 72 precious hours.
However, it remains to be seen whether the obstinate dissidents, now in all 17 in numbers will fall into the Congress JD( S) trap?
It may be recalled that all the dissident lawmakers of Congress and JD(S) are still holed up in a Hotel in Mumbai and are still adamant over resigning from their respective seats. Further, they want to extend their undisputed support to BJP.
They have also lodged a complaint with the highest police authority of Mumbai to provide them adequate security as they fear for their life.
They have also asked the police authorities to not allow any political leader of Mumbai or Karnataka visit them in the hotel as their decision to resign and thereafter also support the BJP is final.
It may be recalled that at the first instance about 14 to 15 MLAs of the Congress and JD( S) had submitted their resignation letters to the speaker followed by two independent and three Congress lawmakers.
This had led to the reduction of the JD(S) Congress strength from earlier 118 to 101 while the BJP’s strength increased to 107 after the support of the two independents.
According to political analysts if the ruling coalition succeeds to persuade a minimum of six of its MLAs if not all, it would still be in a comfortable position to save their government. As for sure one vote of the speaker in the event of a tie would go in their favour.
However, the Karnataka crisis has further aggravated and all eyes are now fixated on tomorrow’s apex court judgement as well as the floor test on Thursday. For now, the Supreme Court has directed the speaker to maintain the status quo.
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EDITOR'S PICK

Secret cooking tips for Indian kitchen….

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#1 — Never forget to add a pinch of salt while boiling potatoes. It helps in peeling or removing the skin easily.
#2 — Dip paneer in warm salt water for 10 – 15 minutes prior to adding it into the gravy. This softens the paneer and helps in absorbing the gravy.

#3 — Always cook the ingredients in an order to make the dish appetizing and tasty. For example, onions should go first in the oil, then garlic and then ginger and tomato as each veggie has its own cooking time.
#4 — In order to retain the bright green color of peas add a pinch of sugar before boiling or cooking.

#5 — Add a teaspoon of oil while cooking dal to avoid frothing and spilling all over.

#6 — Use heavy bottom pan or vessel for cooking upma or kheer. Heavy based pan prevents food from burning.

#7 — To make the puris crunchy and crispier add 2 to 3 tablespoon rava or semolina to the wheat flour while kneading.

#8 — To separate the strings of noodles or pasta from each other keep it under running cold water for 2 to 3 minutes, immediately after boiling. Hot and cold water treatment prevents the noodle strand from sticking to each other.
#9 — To make ‘a day old’ muffin fresh, sprinkle few drops of water on it and put the muffins in a paper bag and microwave for 10 seconds. Steam revives the moisture content of day-old muffins.

#10 — It is advised to add 1 to 2 teaspoon of canola oil while melting chocolate in order to keep it smooth. This makes it easy to dip or drizzle

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Featured

Five distinguished women of Uttarakhand felicitated in New Delhi

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It was the day when the five outstanding women of Uttarakhand who had contributed their best in various fields were honored in the Fourth Women Summit Awards. This award was started in the year 2014 by a Hindi newspaper published from Delhi and Dehradun namely SHAIL SAVERA.

The event was held under the aegis of the Fourth Uttarakhand Women Summit Awards, bestowed awards on the five outstanding women for their distinguished services and contribution in the field of science, medicine, research and writing and for preserving the cultural heritage of Uttarakhand.
The event jointly sponsored by the Gas Authority of India Limited, ONGC, Air India and PFC was attended by a good number of women and intellectuals representing the fields os journalism, research, literature, culture and social at Hotel Park, New Delhi.
The five outstanding women of Uttarakhand in Delhi bestowed with Uttarakhand Women Summit Awards were Dr. Minakshi Sundriyal, a Spanish linguist from prestigious Jawahar Nehru University, Dr. Arpana Nautiyal, biodiversity professor in Delhi University, Dr. Nalini Tolia, gynecologist working in Lady Hardinge hospital, New Delhi, Dr. Hema Uniyal, for her outstanding research work and authoring two editions Manaskhand, Kedarkhand Jaunsaar Baawar and its analysis and Sunita Belwal, renowned singer of Garhwal, Uttarakhand.
The awardees, later on, gave the description of their valuable contribution to the society in their respective fields amid cheers and clappings from the audience.
In between the award presentation ceremony, renowned Uttarakhandi singers Sunita Belwal, Chandrakant Sharma, Mahendra Rawat, Riya Bhatt, Sumitra Kishore, and several others presented their songs in Garhwali, Kumaoni and Hindi languages enthralling the audience with their melodious voice.
The program was beautifully anchored by Vijay Laxmi and actor Kusum Chouhan while the chief organizer of the event R. P. Dhyani conveyed the vote of thanks in the end.
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Commercial

Central Government Plans To Construct Light House Projects Across Six Cities

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To promote the use of Green construction technology, the central government has planned to construct over 6000 lighthouse projects under the Global housing Technology Challenge (GHTC), India. The Government has recently floated Requests for Proposals (RFP) for the same. The GHTC was launched by the government in February this year.

Under the challenge, the government has given a challenge to six different cities to construct over 6000 Lighthouse projects using six different technologies appropriate to the geo-climatic condition. The six selected cities are Chennai, Ranchi, Indore, Rajkot, Lucknow, and Agartala.

These houses will be developed under Pradhan Mantri Awas Yojana-Urban (PMAY-U).

As per the government officials, these projects will be completed within 12 months from the date of beginning at an estimated cost 20,000 dollars. These projects will encourage builders and developers to adopt innovative technologies useful in the construction of housing units. At the same time, some more research in these technologies will help in the development of the construction sector of India.

Elaborating more on the LHP and GHTC, India challenge, Amrit Abhijat, JS&MD (HFA) said, “These lighthouse projects would encourage the potential beneficiaries to visit the selected sites to see the ongoing work for adaptation. It would also serve as open laboratories for a live demonstration and would further garner the attention of academia, practitioners and media connoisseurs.”

To create awareness among developer and builders as well as participating states, the government has also planned a series of events on various web portals. You may log on to www.eprocure.gov.in to download the RFP, and for further details relating to RFP, you can access GHTC-India website at https://ghtc-india.gov.in/.

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