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Chocko

Chocko Valliappa  |445 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on Mar 22, 2024

Chocko Valliappa is the founder and CEO of Vee Technologies, a global IT services company; HireMee, a talent assessment and talent management start-up; and vice chairman of The Sona Group of education institutions.
A fourth-generation entrepreneur, Valliappa is a member of Confederation of Indian Industry, Nasscom, Entrepreneurs Organization and Young Presidents’ Organization.
He was honoured by the YPO with their Global Social Impact award in 2018.
An alumnus of Christ College, Bangalore, Valliappa holds a degree in textile technology and management from the South India Textile Research Association. His advanced research in the Czech Republic led to the creation of innovative polyester spinning machinery.... more
Dasharath Question by Dasharath on Mar 15, 2024Hindi
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Career

My son is doing M tech dual degree in Electrical with from IIT MUMBAI.What is job opportunities with him after completing his dual degree in Electrical in India .

Ans: IIT Mumbai is very well known for its academic reputation and am sure yur son is putting in his best. I would encourage him to connect with IIT Mumbai placement director to get a run down on possible campus placement openings.
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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Mar 14, 2024

Asked by Anonymous - Sep 25, 2023Hindi
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Career
My son is doing MS dual degree in Electronics and communication with research in robotics from IIIT HYDRABAD.What is job opportunities with him after completing his dual degree in robotics in India .
Ans: Certainly! Completing a dual degree in robotics opens up exciting career prospects for your son. Here are some job opportunities he can explore in India:

Robotics Engineer: As a robotics engineer, he can work on designing, building, and maintaining robotic systems. This role involves programming, hardware integration, and problem-solving.
Hardware Architect: Hardware architects focus on designing the physical components of robots, including sensors, actuators, and control systems.
ROS Developer: ROS (Robot Operating System) is widely used in robotics research and development. A ROS developer creates software modules for robots using this framework.
Automation Engineer: Automation engineers develop solutions to automate processes in various industries. They work on integrating robots into manufacturing lines, warehouses, and logistics.
Electrical Engineer: Robotics often involves intricate electrical systems. An electrical engineer can specialize in designing and optimizing these systems for robots.
Project Engineer: Project engineers manage robotics projects from conception to implementation. They coordinate teams, budgets, and timelines.
For experienced professionals, there are higher-level positions such as:

Research Manager: Leading research projects related to robotics and automation.
Senior Robotics Engineer: Contributing to advanced robotics systems.
Motion Planning Specialist: Focusing on algorithms for robot movement.
Senior Research Associate: Engaging in cutting-edge research.
Senior Project Manager: Overseeing large-scale robotics initiatives.
Chief Technical Officer: Providing strategic direction for robotics companies.
Areas of Recruitment: Your son can find opportunities in various sectors, including:

Manufacturing: Robotics is transforming manufacturing processes, and companies seek skilled engineers.
Automobile Industry: Autonomous vehicles and robotics play a crucial role in automotive innovation.
Medical Robotics: From surgical robots to telemedicine, healthcare relies on robotics.
Defense Sector: Robotics is used for surveillance, bomb disposal, and reconnaissance.
IoT (Internet of Things): Robotics intersects with IoT, creating smart devices and systems.
Salary Packages: Fresh graduates with a B.Tech in Robotics Engineering can expect an average salary ranging from INR 4 to 10 LPA depending on the sector and job role. Practical experience and specialization influence pay1.

In summary, the field of robotics offers diverse and rewarding career paths, and your son’s dual degree in electronics and communication with a focus on robotics positions him well for these exciting opportunities!

..Read more

R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Mar 22, 2024

Asked by Anonymous - Mar 21, 2024Hindi
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Career
Hi experts, My son is 24 years perusing this MSc in Physics from IIT and will be completing his masters in 2024 May, he is Mechanical Engineer as well. What are the job opportunities for him in India ?? Kindly assist on this please.
Ans: Your son has a strong educational background with a Mechanical Engineering degree and an upcoming MSc in Physics from IIT. This combination opens up a wide range of job opportunities in both the public and private sectors. Here are some potential job roles and sectors he might consider:

Job Roles:

Research Analyst: Conduct research on physical phenomena, create theories and develop methods on how to apply physical laws and theories.
Observation Scientist: Collect and record data, which enables them to construct and then test hypotheses and theories.
Assistant Scientist: Provide support to the scientist in research and educational subject.
Physics Training Manager: Evaluate employees and identify weaknesses. They research, plan and implement training programs that will prepare employees for the next step of their careers.
Software Engineer: Physics helps with logical thinking, debugging issues, solving complex problems, and working with physics-related applications.
Sectors:

Healthcare: MSc Physics graduates have ample opportunities in sectors like healthcare.
Manufacturing and Electronics Companies: These companies often require individuals with a strong understanding of physics.
Academic Institutions: Both public and private academic institutions often have positions for individuals with a background in physics.
Research Laboratories: These can be in the public or private sector.
Atomic and Space Organizations: Organizations like BARC, ISRO often recruit individuals with a strong background in physics.
Telecommunication Sectors: The principles of physics are often used in this sector.
Remember, the salary can vary based on the role and the organization. A campus placement could get students approximately 9-10 LPA and can increase up to 30 LPA based on the experience gained. In the government sector, salaries range from INR 5,00,000 to INR 7,00,000 per annum.

I would recommend your son to start exploring these opportunities and see which ones align with his interests and career goals. Good luck!

..Read more

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Moneywize

Moneywize   |165 Answers  |Ask -

Financial Planner - Answered on Oct 06, 2024

Asked by Anonymous - Oct 05, 2024Hindi
Money
I’m from Pune. I’m 48 with two children. Should I invest in ELSS funds to save tax, or should I focus on traditional instruments like PPF and fixed deposits?
Ans: Deciding between Equity Linked Savings Schemes (ELSS) and traditional investment instruments like Public Provident Fund (PPF) and Fixed Deposits (FDs) depends on various factors, including your financial goals, risk tolerance, investment horizon, and tax-saving needs. Here's a comprehensive comparison to help you make an informed decision:

1. Understanding the Investment Options

a. ELSS (Equity Linked Savings Schemes)

• Nature: Equity Mutual Funds with a tax-saving component.
• Lock-In Period: 3 years (shortest among tax-saving instruments under Section 80C).
• Returns: Potentially higher returns as they are invested in equities, but subject to market volatility.
• Tax Benefits: Investments up to ?1.5 lakh per annum are eligible for deduction under Section 80C.
• Liquidity: Relatively higher liquidity post the lock-in period compared to other tax-saving instruments.

b. PPF (Public Provident Fund)

• Nature: Government-backed long-term savings scheme.
• Lock-In Period: 15 years.
• Returns: Moderate and tax-free returns, revised periodically by the government (typically around 7-8% p.a.).
• Tax Benefits: Investments up to ?1.5 lakh per annum qualify for deduction under Section 80C. The interest earned and the maturity amount are tax-free.
• Safety: Very low risk as it's backed by the government.

c. Fixed Deposits (FDs)

• Nature: Fixed-term investment with banks or post offices.
• Lock-In Period: Varies; typically no lock-in for regular FDs, but tax-saving FDs have a 5-year lock-in.
• Returns: Fixed interest rates, generally lower than ELSS but higher than savings accounts. Current rates vary but are around 5-7% p.a. for tax-saving FDs.
• Tax Benefits: Investments up to ?1.5 lakh in tax-saving FDs qualify for deduction under Section 80C.
• Safety: Low risk, especially with reputable banks.

2. Factors to Consider

a. Risk Appetite

• ELSS: Suitable if you are willing to take on market-related risks for potentially higher returns.
• PPF & FDs: Ideal for conservative investors seeking capital protection and guaranteed returns.

b. Investment Horizon

• ELSS: 3-year lock-in period, but generally better for medium to long-term goals.
• PPF: 15-year commitment, suitable for long-term goals like retirement or children's education.
• FDs: Flexible, but tax-saving FDs require a 5-year lock-in, suitable for medium-term goals.

c. Returns

• ELSS: Historically, ELSS funds have outperformed PPF and FDs over the long term, but with higher volatility.
• PPF: Offers stable and tax-free returns, which are beneficial in a low-interest-rate environment.
• FDs: Provide guaranteed returns, useful for capital preservation but may lag behind inflation and equity returns over time.

d. Tax Efficiency

• ELSS: Returns are subject to capital gains tax. Short-term (if held for less than 3 years) gains are taxed as per your income slab, while long-term gains (exceeding ?1 lakh) are taxed at 10%.
• PPF: Completely tax-free returns.
• FDs: Interest earned is taxable as per your income slab, which can reduce the effective returns.

3. Recommendations Based on Your Profile

Given that you are 48 years old with two children, your investment strategy should balance between growth and safety, considering your proximity to retirement and financial responsibilities.

a. Diversified Approach

A balanced portfolio that includes both ELSS and traditional instruments like PPF and FDs can help mitigate risks while aiming for reasonable growth.

• ELSS: Allocate a portion (e.g., 30-40%) to ELSS to benefit from potential equity growth, which can help in wealth accumulation for retirement or funding children's education.
• PPF: Continue contributing to PPF for long-term, stable, and tax-free returns. Given its 15-year tenure, it aligns well with retirement planning.
• FDs: Use FDs for short to medium-term goals or as a part of your emergency fund, ensuring liquidity and capital preservation.

b. Consider Your Tax Bracket

If you are in a higher tax bracket, maximizing tax-saving instruments under Section 80C can provide significant tax relief. ELSS, PPF, and tax-saving FDs all qualify, so diversifying among them can spread risk and optimize tax benefits.

c. Assess Liquidity Needs

Ensure you have sufficient liquidity for unforeseen expenses. While ELSS has a shorter lock-in compared to PPF, both still tie up funds for a few years. Maintain a separate emergency fund in a more liquid form, such as a savings account or liquid mutual funds.

d. Review Your Risk Tolerance

At 48, with retirement possibly 10-20 years away, a moderate risk appetite might be suitable. ELSS can offer growth potential, while PPF and FDs provide stability.

4. Additional Considerations

• Emergency Fund: Ensure you have 6-12 months' worth of expenses saved in a highly liquid form.
• Insurance: Adequate health and life insurance are crucial, especially with dependents.
• Debt Management: If you have any high-interest debt, prioritize paying it off before locking funds in fixed instruments.

5. Consult a Financial Advisor

While the above guidelines provide a general framework, it's advisable to consult with a certified financial planner or advisor. They can offer personalized advice tailored to your specific financial situation, goals, and risk tolerance.

Finally, both ELSS and traditional instruments like PPF and FDs have their unique advantages. A diversified investment strategy that leverages the strengths of each can help you achieve a balanced portfolio, ensuring both growth and security. Given your age and family responsibilities, striking the right balance between risk and safety is essential for long-term financial well-being.

...Read more

Kanchan

Kanchan Rai  |364 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 06, 2024

Asked by Anonymous - Aug 11, 2024Hindi
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Relationship
This is urgent. Pls help. My son 18 yrs has been in a relationship with his classmate. He is intelligent and very venerable as he is innocent.She has been abetting him and his behaviour on the family has changed. He shouts at us and kind of surrendered himself to her. Anything we say irritates him. He has started telling lies. He locks the room and is on the phone hours together. Even if he tells that he is sleepy, she doesn't allow him to sleep. He doesn't know that we are aware of it. We tried to indirectly talk but he doesn't care about anything as he blindly follows her instructions. He doesn't listen to anyone. We feel something is wrong. Should we talk to her parents or use some law? Making them sit and advice doesn't work.
Ans: The challenge here is that he’s likely in a highly emotional and intense phase of his life, where his attachment to this person may feel all-consuming. When someone feels like they're being judged or controlled, they tend to push back harder, and it seems that's what’s happening with your son. Approaching him with confrontation or involving legal measures may only cause him to withdraw even more.

What he needs right now, even if he doesn't realize it, is understanding and connection. If you can find a way to express your concern for his well-being, not just your disapproval of his relationship, it might open up a space for dialogue. He may feel trapped in this relationship in ways he can't yet see. Your role can be to help him feel safe enough to reflect on his own choices, rather than feel he has to defend them.

This is a delicate situation, and while it may seem urgent, sometimes a softer approach allows for a deeper breakthrough. Your patience, love, and ability to listen might be the key to guiding him through this

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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