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Do we need a business other than import export or sale purchase? We are interested in online consultancy or liaison type work in India.

Chandu

Chandu Nair  | Answer  |Ask -

VC, Angel Investing, Entrepreneurship Expert - Answered on Jul 08, 2024

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more
Sudhir Question by Sudhir on Sep 28, 2023Hindi
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Career

Sir, My daughter is in Dellas US.Her husband is SAP consultant and doing job there. My daughter is also MBA. She is interested in doing business with my cooperation. How can we do business while I am in India and she is in US. Pl suggest. Can we form a company without her physical presence here. We are interested to register the company in India. Can you suggest a business other than import/export, sale/purchase etc. Only online consultancy etc. Or any other liaison type work. Can you suggest. Is there any such company pl suggest the name with whom we can work with mutual cooperation. Thanking you Sudhir Gupta

Ans: Dear Mr Sudhir,
See the answer posted to Sindu today. Let me copy paste here.
There are several opportunities but you need to focus on those which
1) are relevant to your/your daughter's experience, expertise,network, passion,
2) take into account finance available or that can be organised by you, plus
3) offer growing prospects.
There are several cross-border opportunities. I would request you to do a lot of research, secondary first, and then primary. That will help you understand which specific niche you might want to target. You will need to talk to others too to see if they are looking for such partners. You must demonstrate what you can offer such partners.
There are several such cross-border examples in Information tech/ software/ IT enabled services, in various forms of consulting, in bespoke fashion, and more. Pl start your research
Career

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Sushil

Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on Apr 26, 2024

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Dear Sushil, My daughter is 23 years old , finished her MBA from KIMS and got a job in Kirloskar Pune as a HR BP ( Management Trainee)in Jan 2024. Her results were good throughout. Topped 12 from Aditya, BSc Botany from Lady Brabourne kolkata ( 1st class first). Sir, we can't manage funds for going to abroad. Kindly guide us about her next step so that her career escalates. Sanchita
Ans: Hello Sanchita. Thank you for connecting with us. Congratulations to your daughter on her academic achievements and securing a position as an HR business partner (management trainee) at Kirloskar Pune. It is evident that she has a strong academic background, leading to promising career prospects ahead. It is understandable that there are financial constraints at the moment. Furthermore, let me tell you that there are educational loans that would be available for your daughter’s education abroad. Given your daughter’s excellent academic background, she can be eligible for scholarships and financial aid, either fully or partially. This would help your daughter manage her finances well abroad.There are some universities that come with financial aid packages like grants, loans, and work opportunities. This is specially designed to cover tuition fees, living expenses, etc. In addition to this, there are work opportunities as well, which would also be a good option for your daughter. By carefully planning and prioritising expenses, financial challenges won’t be an issue.

All the best to your daughter in her future endeavours.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

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Ramalingam

Ramalingam Kalirajan  |10881 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 30, 2024

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Dear Sir, I am Ganapathy from Chennai. I have few queries which requires your expertise answers. My daughter after completing B Com in Chennai and worked for CTS in Chennai for 2 years. After two years of employment, she left to Canada in 2023 Jan for higher studies and continuing there till now. In between, she visited India for a month in Sep 2024 and left. She is not yet married. Now, my question is given below. 1. Can I ( father ) start a mutual fund SIP / lumpsum in her name in India and transfer the amount to multiple mutual funds from my account directly. I am a salaried individual and a taxpayer. 2. This is for her marriage or any other expenses in the future. Please advise. Thanks and regards,
Ans: Your plan to invest for your daughter’s future needs is thoughtful and strategic. Investing in mutual funds can provide growth and liquidity for marriage or other expenses. Below are insights addressing your concerns.

Can You Start a Mutual Fund in Your Daughter’s Name?
1. Eligibility of Investment
You can start a mutual fund in her name if she has a Resident Indian (RI) status.
As your daughter is studying in Canada, she likely qualifies as a Non-Resident Indian (NRI).
2. NRI Mutual Fund Investments
NRIs can invest in Indian mutual funds.
Investments should be made through her NRE or NRO account, not your bank account.
3. Joint Account Option
If she holds an NRE/NRO account, you can invest jointly.
She should be the primary holder, with you as the secondary holder.
Can You Transfer Money from Your Account?
1. Direct Transfer Limitations
Transferring directly from your account to her mutual fund investments may create compliance issues.
Regulatory norms require NRIs to use their accounts for investments.
2. Gift Option
You can gift money to her NRE/NRO account.
Gifts from parents to children are exempt from income tax in India.
3. Investment Process for NRIs
NRIs can invest in mutual funds using their NRE/NRO accounts.
Money invested through these accounts is subject to FEMA regulations.
Advantages of Mutual Fund Investments for Future Expenses
1. Growth Potential
Mutual funds offer inflation-beating returns over the long term.
They are ideal for goals like marriage or significant future expenses.
2. Flexibility in Contributions
You can choose between SIPs and lump-sum investments.
SIPs provide discipline, while lump sums maximise market opportunities.
3. Liquidity
Mutual funds are liquid and can be redeemed when needed.
Tax Implications for Your Daughter
1. Capital Gains Tax
If she is an NRI, capital gains from Indian mutual funds are taxable.
Equity mutual funds: LTCG above Rs. 1.25 lakh is taxed at 12.5%.
Short-term capital gains: Taxed at 20%.
2. Tax Deducted at Source (TDS)
NRIs face TDS on mutual fund redemptions.
This TDS can be adjusted while filing tax returns.
Steps to Start the Investment
1. Open an NRE/NRO Account for Her
Ensure she has an NRE or NRO account to invest as an NRI.
Use this account to fund the investments.
2. Choose Suitable Mutual Funds
Diversify across equity, balanced, and debt funds for stable growth.
Consult a Certified Financial Planner to align funds with goals.
3. Regular Review
Review the portfolio annually to ensure it meets her goals.
Adjust the strategy based on market trends and her needs.
Final Insights
Investing in mutual funds for your daughter’s future is a thoughtful step. Ensure compliance with NRI investment norms for a hassle-free experience. Gifting funds to her account is a tax-efficient way to proceed. Seek professional guidance for fund selection and compliance to achieve your goals smoothly.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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Latest Questions
Nayagam P

Nayagam P P  |10854 Answers  |Ask -

Career Counsellor - Answered on Dec 14, 2025

Asked by Anonymous - Dec 12, 2025Hindi
Career
Hello, I am currently in Class 12 and preparing for JEE. I have not yet completed even 50% of the syllabus properly, but I aim to score around '110' marks. Could you suggest an effective strategy to achieve this? I know the target is relatively low, but I have category reservation, so it should be sufficient.
Ans: With category reservation (SC/ST/OBC), a score of 110 marks is absolutely achievable and realistic. Based on 2025 data, SC candidates qualified with approximately 60-65 percentile, and ST candidates with 45-55 percentile. Your target requires scoring just 37-40% marks, which is significantly lower than general category standards. This gives you a genuine advantage. Immediate Action Plan (December 2025 - January 2026): 4-5 Weeks. Week 1-2: High-Weightage Chapter Focus. Stop trying to complete the entire syllabus. Instead, focus exclusively on high-scoring chapters that carry maximum weightage: Physics (Modern Physics, Current Electricity, Work-Power-Energy, Rotation, Magnetism), Chemistry (Chemical Bonding, Thermodynamics, Coordination Compounds, Electrochemistry), and Maths (Integration, Differentiation, Vectors, 3D Geometry, Probability). These chapters alone can yield 80-100+ marks if practiced properly. Ignore topics you haven't studied yet. Week 2-3: Previous Year Questions (PYQs). Solve JEE Main PYQs from the last 10 years (2015-2025) for chapters you're studying. PYQs reveal question patterns and difficulty levels. Focus on understanding why answers are correct, not memorizing solutions. Week 3-4: Mock Tests & Error Analysis. Take 2-3 full-length mock tests weekly under timed conditions. This is crucial because mock tests build exam confidence, reveal time management weaknesses, and error analysis prevents repeated mistakes. Maintain an error notebook documenting every mistake—this becomes your revision guide. Week 4-5: Revision & Formula Consolidation. Create concise formula sheets for each subject. Spend 30 minutes daily reviewing formulas and key concepts. Avoid learning new topics entirely at this stage. Study Schedule (Daily): 7-8 Hours. Morning (5:00-7:30 AM): Physics concepts + 30 PYQs. Break (7:30-8:30 AM): Breakfast & rest. Mid-morning (8:30-11:00): Chemistry concepts + 20 PYQs. Lunch (11:00-1:00 PM): Full break. Afternoon (1:00-3:30 PM): Maths concepts + 30 PYQs. Evening (3:30-5:00 PM): Mock test or error review. Night (7:00-9:00 PM): Formula revision & weak area focus. Strategic Approach for 110 Marks: Attempt only confident questions and avoid negative marking by skipping difficult questions. Do easy questions first—in the exam, attempt all basic-level questions before attempting medium or hard ones. Focus on quality over quantity as 30 well-practiced questions beat 100 random questions. Master NCERT concepts as most JEE questions test NCERT concepts applied smartly. April 2026 Session Advantage. If January doesn't deliver desired results, April gives you a second chance with 3+ months to prepare. Use January as a practice attempt to identify weak areas, then focus intensively on those in February-March. Realistic Timeline: January 2026 target is 95-110 marks (achievable with focused 50% syllabus), while April 2026 target is 120-130 marks (with complete syllabus + experience). Your reservation benefit means you need only approximately 90-105 marks to qualify and secure admission to quality engineering colleges. Stop comparing yourself to general category cutoffs. Most Importantly: Consistency beats perfection. Study 6 focused hours daily rather than 12 distracted hours. Your 110-mark target is realistic—execute this plan with discipline. All the BEST for Your JEE 2026!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

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Dr Dipankar

Dr Dipankar Dutta  |1841 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Dec 13, 2025

Asked by Anonymous - Dec 12, 2025
Career
Dear Sir/Madam, I am currently a 1st year UG student studying engineering in Sairam Engineering College, But there the lack of exposure and strict academics feels so rigid and I don't like it that. It's like they don't gaf about skills but just wants us to memorize things and score a good CGPA, the only skill they want is you to memorize things and pass, there's even special class for students who don't perform well in academics and it is compulsory for them to attend or else the student and his/her parents needs to face authorities who lashes out. My question is when did engineering became something that requires good academics instead of actual learning and skill set. In sairam they provides us a coding platform in which we need to gain the required points for each semester which is ridiculous cuz most of the students here just look at the solution to code instead of actual debugging. I am passionate about engineering so I want to learn and experiment things instead of just memorizing, so I actually consider dropping out and I want to give jee a try and maybe viteee , srmjeee But i heard some people say SRM may provide exposure but not that good in placements. I may not be excellent at studies but my marks are decent. So gimme some insights about SRM and recommend me other colleges/universities which are good at exposure
Ans: First — your frustration is valid

What you are experiencing at Sairam is not engineering, it is rote-based credential production.

“When did engineering become memorizing instead of learning?”

Sadly, this shift happened decades ago in most Tier-3 private colleges in India.

About “coding platforms & points” – your observation is sharp

You are absolutely right:

Mandatory coding points → students copy solutions

Copying ≠ learning

Debugging & thinking are missing

This is pseudo-skill education — it looks modern but produces shallow engineers.

The fact that you noticed this in 1st year already puts you ahead of 80% students.

Should you DROP OUT and prepare for JEE / VITEEE / SRMJEEE?

Although VIT/SRM is better than Sairam Engineering College, but you may face the same problem. You will not face this type of problem only in some top IITs, but getting seat in those IITs will be difficult.
Instead of dropping immediately, consider:

???? Strategy:

Stay enrolled (degree security)

Reduce emotional investment in college rules

Use:

GitHub

Open-source projects

Hackathons

Internships (remote)

Hardware / software self-projects

This way:

College = formality

Learning = self-driven

Risk = minimal

...Read more

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