Ahirjoy's Blog

  This is the second part of the blog “A Layman’s guide to Investment” which I started last week. When we do investing, many of us hardly give any consideration how our asset allocation should change with changing time and this is not a wise approach. So, in this blog I am trying to set few simple guidelines which you may consider, 1.        Age 25-30:      Start investing at the earliest and increase your savings and investment as much as possible. This is usually the time when you have less family obligations and thus you can take maximum risks. Also, if you are salaried employee, try to increase your investment in Voluntary PF.   a.        Equity/MF Exposure:     50-60% b.        Fixed Assed Exposure:   20-30% c.        Other Assets:            ...

      This blog is written considering people who have elementary knowledge on personal finance but enthusiastic about starting fresh towards the rewarding journey of investment. They should try to follow below simple steps to begin with, 1.        First analyze your income and expenses thoroughly, not only your big-ticket expenses like EMI, but even minute details like laundry expenses which will give you realistic picture how well   are you managing your income and expenditure.   2.        Create an emergency fund which should be no less than 3 months’ of your monthly income. This will act as a primary cushion for unemployment or unavoidable circumstances.   3.        Buy Family floater plan for you and your dependents even if you have an insurance from your company. This will be very helpful when you are out of job or even for b...

Consolidation of Public Sector Banks – Will it serve any purpose? Yes, definitely. The suggestion of consolidation among PSBs has quite old history. Narasimham Committee Report in 1991 (NC-I), recommended a three tier banking structure in India through establishment of three large banks with international presence, eight to ten national banks and a large number of regional and local banks. Narasimham Committee Report in 1998 (NC-II) also reiterated the recommendations on NC-I.   Few strong arguments for Consolidation can be given below: 1. Indian banking sector is highly fragmented . PSBs mostly competing with each other as they have same business model, products and segments. Herfindahl-Hirschmann Index (HHI)1 for Indian banking sector stands at 545.2, reflecting low levels of concentration. It will also enable geographical diversification, increase in market share and penetration to new markets, and help promote international acceptance and recognition.   ...

The enthusiasm for entrepreneurship is ever growing. However though it is debatable whether formal education really is a prerequisite to be an entrepreneur, we can at least say there is no harm if you start your entrepreneurial journey with some formal education about business. There are plethora of choices exist now for entrepreneurship courses, I am highlighting few of those which have created their marks already. SIBM  2 Year MBA in Innovation and Entrepreneurship –  This is a formal full time MBA course taught in the same prestigious SIBM Pune campus. Aspirants have to appear for  CAT, however general cutoff for this course is much lower (65% - 75%) compared to SIBM Pune’s flagship MBA BM course where cut off is around 98%. Course fee is around 15 lakhs and no placement is provided to the students to encourage entrepreneurship. TISS  2 Year MA in Social Entrepreneurship –  This is one of the most sought-after full time course on Soc...

Excellent Article: Always be ready with Plan-B even if you don't have to use it. Must Read. https://economictimes.indiatimes.com/jobs/lessons-from-tata-tele-shutdown-what-to-do-when-you-are-one-of-thousands-suddenly-without-a-job/articleshow/61005338.cms?utm_source=AMPusers&utm_medium=fbshare&utm_campaign=socialsharebutton&from=mdr

The division between Science Fiction Movies and reality is getting thinner with every passing day thanks to AI and Machine Learning! For our children questions won't be " Should we trust Robots"? but "Do we trust them too much"? https://mobile-nytimes-com.cdn.ampproject.org/c/s/mobile.nytimes.com/2017/10/07/opinion/sunday/children-alexa-echo-robots.amp.html  

Though free, the below websites/materials are very useful for gaining knowledge related to recent technical developments, try these for free, 1. https://cognitiveclass.ai 2. https://developer.ibm.com 3. https://www.ibm.com/blogs/blockchain/2017/08/blockchain-in-academia-training-for-students-and-educators/ 4. Machine Learning - Stanford University by Andrew Ng (One of the best) 5. Edx - Introduction to AI - Azure by Microsoft .