Personal Finance

An innovative approach to domestic staff loans

Banking, Financial, Personal Finance, Press / By /

Middle class households are used to giving advances against salary to their domestic staff who do so much to make their day to day life easy.
spurred by a challenge thrown to Harsh by Harsh’s spouse Harsh proposing a solution that can transition these advances (and it’s repayment) to India’s formal credit system giving a big boost to availbility of formal credit to trustworthy low income domestic staff. Please assist in influencing the policy makers to consider the suggestion. It will convince his spouse that he can actually make sensible suggestions in household matters as well :). Harsh’s article in Business Standard today

An innovative approach to domestic staff loans Read More »

High pension recipients can get short-changed in bailouts

Financial, Governments, Personal Finance, Press / By /

Do not transfer large sums of money from your tax free Employee Provident Fund to the Employee Pension Account in the hope of getting a large pension in the future. As per the EPFOs own calculations the deficit was Rs. 15,000 crores as on March 31, 2017. The deficit position for the years ended March 31, 2018 and 2019 has not been released by the government but is likely to be much higher. Even the calculation of the deficit figure has not been made for the last 4 years. A pension fund that has not even calculated its liability is a scary place to invest your hard earned tax free Employee Provident Fund money. Those people depending on government bailout should be aware of the precedents whenever governments have stepped in to protect pensioners – those entitled to larger pensions inevitably get shortchanged in the process”.

High pension recipients can get short-changed in bailouts Read More »

Debt fund growth option: A smart choice for retirees

Investments, Personal Finance, Press / By /

Growth scheme of a moderately low risk debt fund allows lower tax payment on the income earned as compared to a bank fixed deposit of like maturity even if the interest rates till maturity are similar. This is due to the inherent tax friendly structure. Besides, the Debt MF allows easier encashment and part encashment facilities with no prepayment penalties. Harsh’s article in Business Standard today provides an interesting analogy of a water tank to explain the inherent structural advantage of the growth scheme. look forward to your comments.

Debt fund growth option: A smart choice for retirees Read More »

Wealth creation is simple but not easy, requires discipline

Financial, Investments, Personal Finance, Press / By /

“Sleep well, eat healthy and exercise regularly” are the “simple” rules that enable a healthy life. However it is not “easy” to follow these simple rules. Similarly wealth creation has simple rules which require discipline and patience. Most people prefer complex solutions in their search for faster results and it takes a dedicated coach to keep them on the path (pardon this bit of self promotion for our profession). Harsh’s article in Business Standard. Your comments welcome as always..

Wealth creation is simple but not easy, requires discipline Read More »

Mad money: Indulgence that keeps you disciplined

Financial, Investments, Personal Finance / By /

Harsh learnt a valuable lesson when implementing his lifestyle modification regimen – allowing himself controlled amount of cheating on sugar helped him to stick to his otherwise disciplined diet plan. This article in Business standard is on how he used the lesson in his investment advisory practise. Your comments are welcome.

Mad money: Indulgence that keeps you disciplined Read More »

Beware! Govts do default on pension liabilities

Financial, Governments, Personal Finance, Press / By /

Employees who are taken in by the promise of old pension scheme could do well to learn from Gandhi ji. In 1942, while the II world war raged, the Cripps Commission made a vague promise of granting Dominion Status after the war was over, if Indians would support the war effort. “I refuse to accept a post dated cheque on a failing bank” Gandhi ji responded. Politicians who are making the promise of restoring the “Old pension scheme” know that they will not be around when the time comes to actually pay the pension. They are just looking to save on making the employers contribution to NPS. The demand for the “Old Pension Scheme” explained through a Fable in Harsh’s article in Business Standard

Beware! Govts do default on pension liabilities Read More »

Leader in tech, laggard in succession systems

Banking, Financial, Personal Finance, Press / By /

India’s ultra modern banking system with global class technology has a creaky antiquated succession system that is causing immense hardship to family members trying to get access to a deceased account holder’s funds. Harsh’s article in Business Standard talks of what needs to be done bring the succession systems on par with the ultra modern technology systems of the banks. your comments welcome as always.

Leader in tech, laggard in succession systems Read More »

Scroll to Top
Secret Link

Vigilance Awareness Week 2025 (VAW2025)

Vigilance Awareness Week 2025 is being observed from October 27th to November 2nd, 2025, with the theme:

सतर्कता: हमारी साझा जिम्मेदारी (“Vigilance: Our Shared Responsibility”).

All stakeholders are encouraged to participate in the e-pledge initiative by visiting the CVC portal: https://pledge.cvc.nic.in/.