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Confused about choosing EEE in Chennai Institute of Technology or EEE/ECE in Amrita Vishwa Vidya Peetham Coimbatore. Which is the best option?

Nayagam P

Nayagam P P  |3921 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 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 19, 2024Hindi
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Career

Sir, EEE in CHENNAI INSTITUTE OF TECHNOLOGY or EEE/ECE in AMRITA VISWA VIDHYA PEEDAM COIMBATORE. WHICH IS THE BEST OPTION TO CHOOSE. PLEASE REPLY

Ans: Prefer Amrita. All the BEST for Your Bright Future.

To know more on ‘ Careers | Education | Jobs’, ask / Follow Us here in RediffGURUS.
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Ravi

Ravi Mittal  |436 Answers  |Ask -

Dating, Relationships Expert - Answered on Nov 26, 2024

Asked by Anonymous - Nov 23, 2024Hindi
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I (29M) have connected with a Prospective match (26F) through an Arranged Marriage Platform & we both seem to be getting along quite well, interacting regularly via WhatsApp, Phone Calls & even met personally, Twice in the span of a Month. She had been in a Long Term Relationship with her Boyfriend since College, for almost 7 years. They had to Break-up an Year ago as their Parents had not approved of their Marriage (due to Caste Factor). But they both are still in touch as "Just Friends". This is what makes me uncertain about whether I'd be able to Trust her or not. We both get along quite well with each other on almost all other aspects. She regularly interacts with her Ex Boyfriend & whenever I try to ask her anything about it, she shuts me down, calling me 'Insecure' & says that her Past Relationship & Present 'Friendship' with her Ex Boyfriend are solely her Personal Matter & she doesn't owe me any explanation about it, not even after we get Married (assuming that we did). But she also tries to reassure me saying that she has moved on from the Relationship & now their Friendship is just 'Platonic' not 'Romantic'. But I am not able to Trust her completely. Will it be a Reasonable demand, from my side, if I ask her to cut off all contacts with her Ex? Or shall I secretly approach her Ex, without her knowledge & strictly warn him to stay off his Ex Girlfriend as she's soon going to be another Man's Wife? Or else, how should I build Trust with her, in spite of her 'Friendship' with her Boyfriend? Is it even worth trying or shall I move on to find another Woman who is Virgin like myself?
Ans: Dear Anonymous,
I understand your concerns. But, trust is important in a relationship. If she says they are just friends, if your relationship is healthy, you should be able to trust her.

Having said that, I would suggest you take some time to think if you can get to the point where you can actually trust her without being bothered about this friendship, and not forcefully trust her. Demanding to end the friendship or approaching her ex is not the right way to deal with this situation. You two are not married yet; you still have the time to rethink.

I don't know whether you should move on to someone else, but I believe that you should take some time to rethink. You two are still matches and these problems are trivial now, but once you get married, things will get even more complicated. You can either sort the matter by having an open conversation where you explain how her relationship with her ex bothers you, or you can both consider parting ways. But please do not commit just yet, especially since there is an existing issue.

Best Wishes.

...Read more

Ravi

Ravi Mittal  |436 Answers  |Ask -

Dating, Relationships Expert - Answered on Nov 26, 2024

Asked by Anonymous - Nov 23, 2024Hindi
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Relationship
I (30M) am a I am Virgin & never had any Relationship. I have been meeting & interacting with several ladies through Arranged Marriage Platforms, since the last 3 years. As per my Observation, almost all the Women have had Relationship(s) in the Past & most of them are not Virgin. Whenever I tried to ask them (Respectfully) about their Past Relationship(s), some of them refuse to talk about their Past & most others try to shift the Blame onto someone else, usually, it's either the Ex Boyfriend who'd been Unfaithful/Abusive or either Party's Parents who hadn't approved of their Marriage due to various Reasons. In the last 3 years, not even single Woman I'd met, had owned up & taken Responsibility for her Choices/Actions/Mistakes & the consequences arising out of it. This made it very difficult for me to trust most of them. Since I have no first-hand experience in Relationship dynamics, I am unable to understand, whether Girls/Women can NEVER be the one at Fault, in a Relationship? Is it always the Fault of the Male Counterpart, Parents or the Patriarchal Society? My biggest fear is, if I Marry such a Woman, will she ever take any Accountability for her Actions/Mistakes, which may cause Conflicts in our Future Married Life? Or will she conveniently shift the entire Blame onto me & project me as a Bad Husband? I may seem to be overthinking, but my Fears are not unfounded as Divorce cases accompanied by False Accusations from Wives have been increasing at an Alarming Rate. Preferably, I'd want to Marry a Virgin Woman, who hadn't been in Relationship like myself or atleast a Woman can be Honest & Transparent about her Past, taking Responsibility for her Actions/Choices/Mistakes. How do I find a Woman like this? Please guide me on how to Question a prospective match, to Judge her Character, realistically?
Ans: Dear Anonymous,
Your concerns make sense, but if you think about it, the majority of people do not know how to take accountability- it has nothing to do with gender. For instance, some men say they are acting like casanovas because of some girl they had a crush on, who rejected their proposal, and some say they have commitment issues because an ex-girlfriend had broken their trust. So, my point is, it's a people problem, not a woman problem.
Having said that, a good way to judge someone is to open up about yourself first. Next time you meet someone, instead of asking about her past, try talking about yours. Mention that you did not have a relationship, or you like people who can own up to their mistakes, etc. This way, you will make her feel comfortable enough to open up to you. It's not easy for women to disclose sensitive details, especially to men. And, ideally, their past should not play a part in their present, but since it is so important to you, try this technique.

Best Wishes.

...Read more

Ramalingam

Ramalingam Kalirajan  |7133 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

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Money
I have been allotted a Plot by authority on 25.05.2016 with a circle rate of ? 15,620.00, and i have been deposited the total amount ? 18,74,400.00 with the Hone Loan of ? 10,00,000.00. Further, authority has given me the letter in March 2024 to register the plot and pay the other charges like, Lease Rent One time, Location Charges, Sewer, Water Connection, Registration Charges etc. I have deposited all the charges of total = ? 3,37,242.00 and get registered with stap duty of ? 1,53,000.00 on 17.06.2024 and taken the possession on 18.11.2024. My total expenditure on the plot comes to ? 23,64,631.00 (Including Stamp Duty). I am planning to sell this plot on amount of ? 33,00,000.00 with the revised circle rate of ? 25,900.00. What are my tax liabilities in this transaction (LTCG or STCG) and any suggestion for exemption.
Ans: To determine your tax liability for the sale of the plot, let’s break down the situation:

Important Details from Your Case
Date of Allotment: 25-May-2016.
Date of Registration: 17-Jun-2024.
Date of Possession: 18-Nov-2024.
Total Cost of Acquisition: Rs. 23,64,631 (including stamp duty).
Sale Price: Rs. 33,00,000.
Circle Rate: Rs. 25,900 per square metre (revised from Rs. 15,620 per square metre).
The total holding period and your choice of taxation method will determine whether you incur LTCG (Long-Term Capital Gains) or STCG (Short-Term Capital Gains) and the corresponding tax liabilities.

Is the Gain Long-Term or Short-Term?
The date of allotment (25-May-2016) is generally considered the purchase date for real estate. Since you are selling the plot after holding it for more than 36 months (over 8 years in your case), your gain qualifies as Long-Term Capital Gain (LTCG).

Calculating the Capital Gains
Sale Price: Rs. 33,00,000.

Cost of Acquisition: Rs. 23,64,631.

Capital Gain: Rs. 33,00,000 – Rs. 23,64,631 = Rs. 9,35,369.

Taxation Options for LTCG (as per the updated rules for sales after 23-Jul-2024):

Option 1: Tax at 12.5% without indexation.

Tax = 12.5% of Rs. 9,35,369 = Rs. 1,16,921 (plus applicable cess and surcharges).
Option 2: Tax at 20% with indexation.
Indexed Capital Gain = Rs. 33,00,000 – Rs. 31,15,434 = Rs. 1,84,566.
Tax = 20% of Rs. 1,84,566 = Rs. 36,913 (plus applicable cess and surcharges).
Choosing the Better Taxation Option
Option 2 (with indexation) is clearly more tax-efficient in this case.
You will pay a lower tax of Rs. 36,913 instead of Rs. 1,16,921 under Option 1.
Suggestions for LTCG Exemption
To further reduce or eliminate your LTCG tax, you can explore the following exemptions under the Income Tax Act, 1961:

1. Section 54F: Invest in a Residential Property
If you use the sale proceeds to purchase or construct a residential property, you can claim exemption under Section 54F.
Conditions:
You must not own more than one house property on the date of transfer.
The new property must be purchased within one year before or two years after the sale, or constructed within three years.
The entire sale consideration should be utilised to claim full exemption.
2. Section 54EC: Invest in Specified Bonds
Invest up to Rs. 50 lakhs in NHAI or REC Capital Gain Bonds within six months of the sale.
The investment is locked in for five years and offers a safe, tax-saving option.
3. Capital Gains Account Scheme (CGAS)
If you cannot immediately utilise the sale proceeds, deposit them in a CGAS account before the filing deadline.
This allows you to keep the exemption intact while planning future investments.
Final Insights
Your plot sale qualifies for LTCG tax. The 20% with indexation option significantly reduces your tax burden.
To minimise tax, consider reinvesting under Section 54F or 54EC.
Consult a Certified Financial Planner or tax expert for tailored advice on reinvestment options and compliance with timelines.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

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Radheshyam

Radheshyam Zanwar  |1071 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 26, 2024

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Career
Namaste sir, main btech cse ka student hun 3 year me gayq hu 2nd year me meri 5 subjects me back aa gyi hai aur college me dher saare assignments , file likh likh kar mujhe skill ko develop karne ka time nahi mil paa raha hai kyoki mera time back subjects + assignment file karne me hi beet jata hai iski wajah se main college ki activities me participate nahi kar paa raha hu jisse main depressed hu. Mereko ko lag raha hai ki meri cgpa na girr jaaye please guide
Ans: Hello Tushar
Surprisingly, even after completing two years and now studying in the third year, you won't be able to manage your studies, assignments, and other activities. Please note that the same schedule applies to other students. Yet, if others can manage then why not you? Please check your regular timetable and other timetables. Soon you will come to know where you are going wrong. The engineering course is just a time management course. One of the possibilities that you might be lagging is, you may be doing engineering without any interest or you might be forced to do it. You did not mention where you are studying in a government or private college. Start creating an interest in CSE subjects, set your target for the future, and plan accordingly your studies. if lazy, then come out of that factor which is very common. Only 1 and 1/2 years remain in your hand. If you excel in your studies, your CGPA will also improve. Focus on your personality, communication skills, and other parameters that are badly needed at the time of campus interview. Talk with the senior and passed-out students and change yourself as early as possible. Last but not least, remove negative thoughts from your mind. For jobs, CGPA is not the only deciding factor. Overall curricular activities also matters.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

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Ramalingam

Ramalingam Kalirajan  |7133 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Asked by Anonymous - Nov 26, 2024Hindi
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Money
Hello Sir, I want to grow my money by investing 50000 rupees every month for 6 maths. I need the invested money at end of every 6 mths.Kindly advise
Ans: Your requirement for short-term investments of Rs 50,000 per month is unique. The strategy must ensure capital safety, liquidity, and minimal risk. Here’s a step-by-step guide:

1. Understand Short-Term Investment Options
Low-Risk Focus: Investments should avoid high-risk avenues like equity or aggressive hybrid funds.
Liquidity Matters: The funds must be easily accessible without penalties.
Capital Preservation: Priority must be given to protecting the principal amount.
2. Recommended Avenues for Short-Term Investments
Fixed Maturity Plans (FMPs) or Short-Term Debt Funds
These funds invest in short-duration instruments with maturity matching your tenure.
They aim to generate higher returns than savings accounts.
Ideal for short-term goals due to low volatility.
Ultra-Short-Duration Funds
These funds invest in instruments maturing within 3-6 months.
They offer better returns compared to bank fixed deposits.
Risk is minimal, and liquidity is high.
Liquid Funds
These are ideal for parking surplus money for a few months.
Funds are invested in treasury bills and other short-term securities.
They provide slightly better returns than savings accounts.
Bank Recurring Deposits (RDs)
Since you plan to invest every month, RDs provide a fixed interest rate.
These are safe and predictable for short-term savings.
However, returns might be lower than mutual fund options.
Corporate Fixed Deposits (with High Ratings)
Corporate FDs with AAA ratings can offer higher interest rates.
Ensure the tenure aligns with your requirement.
Check pre-withdrawal penalties before opting.
3. Why Not Equity Funds for Six Months?
Equity funds are volatile in the short term and unsuitable for a 6-month horizon.
Market fluctuations can erode capital, leading to potential losses.
Actively managed funds work better for long-term goals, not short-term needs.
4. Disadvantages of Direct Funds in Your Case
Direct funds lack the personalised advice needed for time-bound goals.
Regular funds through a Certified Financial Planner provide tailored strategies.
Professional guidance ensures better alignment with your objectives.
5. Tax Considerations for Short-Term Investments
Gains from debt funds held for less than 3 years are taxed as per your income slab.
Fixed deposits and RDs also fall under the taxable income category.
Ensure tax efficiency by consulting a Certified Financial Planner.
Action Plan for Six Months
Start Monthly Investments
Allocate Rs 50,000 monthly to liquid funds or ultra-short-duration funds.
Avoid locking the amount entirely to ensure liquidity.
Automate RD for Predictable Savings
If risk-averse, opt for RDs in a trusted bank or post office.
Use this option for guaranteed returns, albeit lower.
Monitor Returns and Tax Impact
Track the performance of your chosen funds every 1-2 months.
Consider tax obligations when redeeming the investments.
Final Insights
Investing Rs 50,000 monthly for 6 months requires low-risk, liquid options. Prioritise liquid funds, ultra-short-duration funds, or RDs based on your risk profile and preference for returns. Avoid equity or high-risk funds as they are unsuitable for short-term goals. A Certified Financial Planner can guide you in aligning these investments with your needs effectively.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7133 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

Money
Hi my name is Somani, I have completed 39 years and planning to retire in my career, below are my current financial situation. Saving account: 5 Lac FD: 15 Lac, all maturing in 2026 Mutual fund: 28 Lac (current value: 36 Lac, Large cap: 50%, Mid cap: 26%, Small cap: 22%, Other: 2%) Gold Bonds: 3.5 Lac (current value: 6.85 Lac) Equity share: 26 Lac (current value: 47 Lac) NPS: current value: 6 Lac EPFO: 12.25 Lac PPF: 7.67 Lac Term Plan: 1 Cr Pension Plan after 60: 30k approx monthly Health insurance: 13 Lac whole family My wife is working and gets around 70k in hand Having one daughter, age is 8 year and studying in 2nd class My father is retired and below are his financial situation Pension: 45k approx per month FD: 1 cr Equity Share/Mutual fund/ Gold bonds: 1 cr approx Property: 80 Lac approx current valuation Own House: 1.75 cr - 2 cr current valuation Rental income: 18k approx per month Please guide me on above data, how much corpus I should have to have a peaceful retirement considering my current monthly expense around 1.25 Lac per month.
Ans: You have a strong and diverse financial foundation. Let us analyse it comprehensively.

Liquid Assets
Savings account balance of Rs 5 lakh offers immediate liquidity.

Fixed deposits worth Rs 15 lakh maturing in 2026 ensure mid-term stability.

Investments
Mutual fund portfolio of Rs 36 lakh is well-diversified across large, mid, and small caps.

Gold bonds with a current value of Rs 6.85 lakh add stability and hedge against inflation.

Equity shares valued at Rs 47 lakh showcase significant growth.

National Pension System (NPS) holding of Rs 6 lakh offers retirement-oriented savings.

Retirement Savings
EPFO corpus of Rs 12.25 lakh and PPF balance of Rs 7.67 lakh ensure steady long-term growth.

Term plan coverage of Rs 1 crore secures your family's future.

Family Support
Your wife’s monthly income of Rs 70,000 provides stability.

Your father’s solid financial base and Rs 45,000 pension ensure reduced dependency.

Estimating Retirement Corpus
Retirement planning requires addressing future expenses, inflation, and longevity.

Monthly Expense Analysis
Your current expenses of Rs 1.25 lakh per month are significant.

Adjust for post-retirement expenses like reduced work-related costs but increased healthcare spending.

Corpus Needed
For a peaceful retirement, aim for a corpus that generates Rs 1.25 lakh monthly for at least 30 years.

Factor in inflation at 6-7% annually to maintain purchasing power.

A corpus of Rs 12-15 crore is recommended for financial independence.

Strategic Recommendations
Step 1: Optimising Current Assets
Avoid excessive reliance on savings accounts and fixed deposits due to lower returns.

Reinvest FD maturity proceeds into higher-yielding instruments like mutual funds.

Step 2: Enhancing Mutual Fund Investments
Increase mutual fund allocation to Rs 50 lakh in a staggered manner.

Focus on actively managed funds for better performance over passive options like index funds.

Diversify further across asset classes and maintain a balance between equity and debt.

Step 3: Consolidating Gold and Equity
Gold bonds and equity shares have grown well.

Retain gold bonds for stability but monitor equity shares for market risks.

Systematically transfer gains from volatile equity to stable debt funds or hybrid funds.

Step 4: Strengthening Retirement-Specific Savings
Increase contributions to NPS for additional tax benefits and retirement growth.

Continue regular contributions to PPF, which is risk-free and tax-efficient.

Maintain EPFO balance, and avoid withdrawing unless necessary.

Step 5: Creating a Balanced Corpus for Child’s Education
Your daughter is 8 years old, and higher education expenses will occur in 10-12 years.

Allocate Rs 25 lakh into child education-focused mutual funds or debt-oriented funds.

Start an SIP to build this fund systematically.

Step 6: Managing Health and Insurance
Your health insurance coverage of Rs 13 lakh is good. Ensure it includes critical illness coverage.

Consider top-up plans to cover any significant medical expenses in the future.

Review your term plan periodically to ensure adequate coverage.

Optimising Your Father’s Financial Portfolio
Active and Passive Income
Your father’s Rs 45,000 monthly pension is stable.

Rental income of Rs 18,000 adds a small but regular inflow.

Investment Portfolio Management
Consolidate his Rs 1 crore equity/mutual fund portfolio to reduce risks post-retirement.

Diversify between equity, debt, and fixed-income instruments for balance.

Monitor FD renewals to ensure competitive interest rates.

Property Considerations
His property portfolio offers a mix of rental and non-income-generating assets.

Avoid liquidating assets unless it becomes necessary to meet financial needs.

Tax-Efficient Strategies
Use ELSS mutual funds to save taxes under Section 80C while building wealth.

NPS contributions provide tax benefits under Section 80CCD(1B).

Plan mutual fund redemptions carefully to minimise long-term and short-term capital gains taxes.

Finally
A peaceful retirement requires balancing current and future needs.

Build a robust corpus through diversified investments.

Review your portfolio annually and make adjustments with the guidance of a certified financial planner.

Stay disciplined and prioritise long-term financial security over short-term gains.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...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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