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Should I Choose NIFT Kolkata Leather Design or Pursue UI/UX, Industrial, or Product Design?

Nayagam P

Nayagam P P  |4100 Answers  |Ask -

Career Counsellor - Answered on Jun 22, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Asked by Anonymous - Jun 21, 2024Hindi
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Career

Hi Sir My daughter has got NIFT Kolkata for leather design in Round 1 where we did not lock the options. Option was given for the same. What is the scope of this field? Considering other fields of design like UI UX, industrial design product design etc( Result awaited) Which is better Leather or UX UI The child is confused at this stage Thank you

Ans: Prefer UX UI or Product Design over Leather Design. All the BEST for your Daughter's Bright Future.

To know more on ‘ Careers | Education | Jobs’, please Ask / Follow me in RediffGURU here.
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Nayagam P

Nayagam P P  |4100 Answers  |Ask -

Career Counsellor - Answered on Jun 06, 2024

Asked by Anonymous - Jun 06, 2024Hindi
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Career
Hello Sir, My daughter got seat in symbiosis Pune for Electronic and Telecommunications. And her main interest is Architecture. Her score in Architecture is 150 for 200. She got 85% in Karnataka pu board. In vit she got 70000. She got 93 percentile in BArch She got interest in few colleges like cept, jjschool of Architecture ect. My question is how is Architecture field? I heard architecture has less placements and feature in Architecture is very less in India and we cannot send her out of India for further studies after finishing architecture. For 93percentile in BArch is there any scope for her to get in any NIT COLLEGES. And with 150/200 can she get in cept and jjschool of Architecture. Heard studing Architecture in good colleges has some good future. Has her interest is Architecture I am not worried how will she scope. Waiting for vit counciling for engineering and don't know which course she will get for 70000. Now please suggest your opinion that to take engineering or architecture. My interest seeing the pros and cons of Architecture I suggest her engineering but she wants architecture only. So confused.
Ans: As your daughter is very much interested in Architecture and confident, it is suggested to join any reputed Private (or) Govt. College in Bengaluru (or) anywhere in Karnataka.

Making a successful career in Architecture depends upon her dedication & self-motivation. If she keeps upgrading her skills till last her year, she can definitely be COMPETENT for her College Campus Recruitment.

Please shortlist around 5-top colleges for BArch in Karnataka, check their admission process and eligibility criteria, campus placement records during the last 5-years and then apply to all. If you can afford, try Management Quota (MQ) seat in any top & reputed college in Bengaluru / Karnataka.

If she gets confirmed admission from 2-3 colleges out of 5, she can choose the best and most suitable one.

However, avoid forcing her to join other courses like Engineering. She will get demotivated / depressed from 1st year itself and her performance won’t be good.

All The BEST for your Daughter’s Bright Future.

Follow Me in RediffGURU to know more on ‘Careers / Education / Jobs / Resume Writing / Salary Negotiation Skills / Building Professional LinkedIn Profile / Exam Preparation Techniques / Job Interview Skills / Skill Upgrading’.

Nayagam PP
EduJob360
CERTIFIED Career Coach | Career Guru
https://www.linkedin.com/in/edujob360/

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Latest Questions
Ramalingam

Ramalingam Kalirajan  |7967 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 15, 2025

Asked by Anonymous - Feb 15, 2025Hindi
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Money
We are a family of three (me + my parents). I am 30 and have no plans on getting married. Will explore spirituality and try to be a social worker after working for 2-3 more years. We have a corpus of Rs. 1.1 cr invested in FDs. The interest generated (Rs. 8,00,000 p.a.) is withdrawn monthly and used for daily expenses. Please tell me - 1. How long can my corpus last if we keep withdrawing the same amount each year? 2. Is there a need to add more money in corpus? 3. How will inflation hurt and play a role?
Ans: Your situation is well-structured, and your financial discipline is impressive. Let’s break down your concerns step by step.

1. How Long Will the Corpus Last?
You have Rs 1.1 crore in fixed deposits (FDs).

Your annual withdrawal is Rs 8 lakh, covering living expenses.

The duration your corpus lasts depends on the FD interest rate and inflation.

If the interest earned matches your withdrawals, the corpus remains intact.

But if expenses rise due to inflation, the corpus may start depleting.

If inflation is higher than your FD interest rate, the corpus will shrink faster.

Over time, this gap can significantly reduce your savings.

Without additional earnings or reinvestment, depletion becomes inevitable.

A detailed cash flow analysis is necessary for exact projections.

2. Is There a Need to Add More Money?
Your current strategy works well for now.

But inflation will increase expenses each year.

FD interest rates may also decline in the future.

A 25-year time frame requires careful planning.

If expenses rise but income stays the same, your corpus may not last.

Having an extra financial buffer is always good.

You may need to add funds over time to sustain withdrawals.

Consider a mix of investment options for better returns.

Balancing risk and stability is key for long-term security.

3. The Role of Inflation
Inflation reduces the value of money over time.

What costs Rs 50,000 today may cost Rs 1 lakh in 15-20 years.

If expenses double, your withdrawals must also double.

But your FDs may not generate enough interest to support this.

Over time, the real value of your corpus declines.

This means either increasing your corpus or reducing expenses.

Investing in assets that beat inflation can help.

A financial plan with regular reviews is necessary.

4. Fixed Deposits – Strengths and Weaknesses
FDs offer stability and guaranteed returns.

But they may not keep up with inflation in the long run.

Tax on FD interest further reduces net earnings.

Interest rates fluctuate and may decline in the future.

Over-reliance on FDs can erode wealth over time.

A diversified investment plan is essential.

5. Alternative Investment Strategies
You can explore better investment options alongside FDs.

Actively managed mutual funds have the potential for higher returns.

Debt mutual funds offer stability with tax efficiency.

Some portion in balanced hybrid funds can manage risk well.

Conservative investment in gold can hedge against inflation.

Having multiple sources of income is always better.

Choosing the right mix of investments is crucial.

6. Steps to Strengthen Financial Security
Review expenses and identify areas for cost-cutting.

Maintain an emergency fund for unexpected needs.

Consider reinvesting some interest earnings to grow the corpus.

Diversify investments instead of relying only on FDs.

Keep track of inflation and adjust withdrawals if needed.

Reassess the financial plan every year.

7. Impact of Taxes on Your Income
FD interest is fully taxable as per your income slab.

High taxation reduces the effective return on FDs.

Some alternative investments offer better tax efficiency.

Choosing tax-efficient options helps preserve more wealth.

8. Planning for Spiritual and Social Work Phase
After 2-3 years of work, your income may stop.

Your corpus must fully support expenses post-retirement.

Ensuring a steady income source is essential.

Passive income streams like dividend-yielding investments can help.

Reducing lifestyle costs can make funds last longer.

Proper financial discipline is crucial for long-term sustainability.

9. Final Insights
Your financial setup is strong, but long-term risks exist.

Inflation, tax impact, and lower FD rates can hurt corpus longevity.

A well-diversified portfolio will offer better security.

Regular financial reviews help in adjusting to changing needs.

Adding funds to your corpus ensures stability for the future.

Prudent planning today ensures a worry-free tomorrow.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Radheshyam

Radheshyam Zanwar  |1187 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 15, 2025

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