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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Aug 22, 2023

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
nikhil Question by nikhil on Aug 22, 2023Hindi
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Career

sir, my son is LLM in international law from Brussels . But find difficult placement in india as well outside. being father in concern i m worried . would like to know if law career is wrong choice to get settle .

Ans: I understand your concerns about your son's career prospects in international law. It's natural for parents to worry about their child's future, especially when it comes to career choices. International law is a highly specialized field that can offer rewarding opportunities, but like any profession, success can depend on various factors.

Here are a few considerations to keep in mind:

Specialization and Niche Expertise: International law is a complex and competitive field. Having a specialized skill set or focusing on a niche area within international law can make your son stand out. Whether it's human rights, trade law, environmental law, or something else, finding a unique area of expertise can improve his prospects.

Networking and Internships: Connections within the legal community are invaluable. Encourage your son to attend conferences, workshops, and seminars related to international law. Internships, whether paid or unpaid, can also provide him with practical experience and valuable contacts.

Location Flexibility: International law often involves working with governments, NGOs, multinational corporations, and international organizations. Being open to working in different geographical locations can increase his chances of finding suitable opportunities.

Further Education: Depending on his specific interests, pursuing further education such as a Ph.D. or specialized postgraduate courses might enhance his qualifications and marketability.

Adaptability and Multilingualism: International law often requires working with diverse cultures and languages. Proficiency in multiple languages and an ability to adapt to different legal systems can be advantageous.

Consult Career Advisors: Many universities and professional organizations offer career counseling services. Encourage your son to utilize these resources to explore different avenues and receive guidance on how to navigate the job market effectively.

Online Presence: Maintaining a professional online presence, such as a LinkedIn profile, can help showcase his skills and accomplishments to potential employers.

Persistence and Patience: The job search process can be challenging, especially in specialized fields. Encourage your son to remain persistent, patient, and open to different opportunities that might arise.

Remember that success in any career is a combination of individual effort, timing, and external factors. While the journey might be challenging, a career in international law can indeed be fulfilling and impactful. It's essential to support your son's aspirations while providing guidance and realistic expectations.

Regards,
Abhishek Shah
Career

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My Son, in class 10th wanted to pursue his career in Law/Legal abroad after 10+2. With AI coming big way, I think Law/Legal will have huge impact. Please suggest if it has bright future or may be very challenging ? Also, help me understand what is the path available to pursue legal studies in countries like Canada, European Countries, Australia etc., Any best Universities you can recommend.
Ans: Hello Mahesh,

To begin with, thank you for contacting us. I am glad to hear about your son’s interest in pursuing a career in Law overseas after he completes his 12th grade. As an answer to your query, I would like to inform you that taking in account the changing landscape of Artificial Intelligence (AI) and its effects on a broad range of professions, including law, your son’s desire to practise law overseas seems encouraging. Remember, with the introduction of technology, major changes are being brought about in the legal arena. Artificial Intelligence (AI) may change some facets of the legal profession, but it also creates new opportunities in areas viz., data privacy, legal tech, and AI ethics in the legal system. It would therefore, seem that the future of law will be both difficult and fruitful, requiring flexibility as well as a fusion of legal knowledge with technical developments.

You would be glad to know that outstanding programs are offered by a number of countries to those aspiring to pursue law overseas. The University of British Columbia, University of Toronto, and McGill University in Canada are regarded for their law schools. Coming to European countries, the University of Cambridge, the London School of Economics (LSE), and Oxford University in the UK, as well as Leiden University in the Netherlands, are highly regarded. Law schools at Australian universities viz., Australian National University (ANU), the University of Melbourne, and the University of Sydney, are also renowned. As an answer to your query concerning the path available to pursue legal studies in these aforementioned countries, I would like to tell you that this path generally entails earning an undergraduate i.e. Bachelor’s degree, usually in any area of study, after which one needs to complete a legal degree i.e. Bachelor of Law (LLB) or Juris Doctor (JD), and then possibly undertake specialized programs or internships. In order that your son chooses the program that best resonates with his passion and objectives, I would recommend that he conducts an extensive study on particular program offerings, the competence of the faculty, as well as the curriculum’s primary emphasis.

For more information, you can visit our website.

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Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Jan 07, 2024

Asked by Anonymous - Nov 25, 2023Hindi
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Career
Dear Team, I am in my 3rd year of integrated 5 years law course. I was pondering over the options to make a successful career in law. I understand, we have Lower Judiciary, upper judiciary, PSU, Banks and Advocacy with a selection grade to Judiciary. The issue: Options: 1) Judiciary: Lower Judiciary - Given the trend, the selection for upper Judiciary is quite negligible and take a considerable amount of years of your life. 2) Upper Judiciary: India does not have process of selection to Additional Session Judge (ADJ) without completing 7 years of Advocacy to be eligible for ADJ. nor any National level Judiciary exam for such selection after passing from law school. 3) PSU: A mundane process of work like a corporate and not sure, how challenging or exciting as a career option. Just a time scale career stability. 4) Banks: Apart from RBI, which has another level of selection process - meaning quite an extent of separate study from present law course and is a rated option, the other banks law officer is again mundane as in PSU's. 5) Advocacy is something which 1st generation lawyers might need a best of mentors to make to selection grade of Judiciary. 6) Indian Laws firms and Magic circle : May pl guide on the process of internship in magic circle law firms and is it a good to have internship outside of India or better to have in Indian Law Firms. Given the above, what’s the best career move and options as this is one of the profession, wherein name and fame comes later in life, however adding a right career path just adds catalyst, then having instability in your prime years of life. Regards NS.
Ans: If you are looking to make a career in India, please stick to India. Find out top 10 law firms and lawyers. Visit their website and office to meet with them and learn more about how they can mentor. Please check with them how best you could land a significant work experience with them in short span of time. The easiest way to do this would be to interview them and publish them on your blog and social space.

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R P

R P Yadav  |304 Answers  |Ask -

HR, Workspace Expert - Answered on Nov 30, 2023

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Dear Sirs’, I am in my 3rd year of integrated 5 years law course. I was pondering over the options to make a successful career in law. I understand, we have Lower Judiciary, upper judiciary, PSU, Banks and Advocacy with a selection grade to Judiciary. The issue: Options: 1) Judiciary: Lower Judiciary - Given the trend, the selection for upper Judiciary is quite negligible and take a considerable amount of years of your life. 2) Upper Judiciary: India does not have process of selection to Additional Session Judge (ADJ) without completing 7 years of Advocacy to be eligible for ADJ. nor any National level Judiciary exam for such selection after passing from law school. 3) PSU: A mundane process of work like a corporate and not sure, how challenging or exciting as a career option. Just a time scale career stability. 4) Banks: Apart from RBI, which has another level of selection process - meaning quite an extent of separate study from present law course and is a rated option, the other banks law officer is again mundane as in PSU's. 5) Advocacy is something which 1st generation lawyers might need a best of mentors to make to selection grade of Judiciary. 6) Indian Laws firms and Magic circle : May pl guide on the process of internship in magic circle law firms and is it a good to have internship outside of India or better to have in Indian Law Firms. Given the above, what’s the best career move and options as this is one of the profession, wherein name and fame comes later in life, however adding a right career path just adds catalyst, then having instability in your prime years of life.
Ans: Dear N,
I am happy to see that you have a clarity of your career.
Since you have a clarity, pursue the same based on your gut feeling, plan and strategy. The career can be built in Judiciary, PSU and Banks as well as in private firms. The important point is to start with a professional setup in any one of the above as an intern, rest depends upon your hard work and luck.

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Nitin

Nitin Narkhede  |11 Answers  |Ask -

MF, PF Guru - Answered on Sep 15, 2024

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Dear Sir, i am an NRI, investing in mutual funds and stocks through NRO account for quite some time and i am planning to move to india approximately in another 2-3 years of time , given that NRO have high taxation, i just wanted to understand how to swiftly transfer mutual funds and taxes from nro account to indian resident account ? Appreciate if you could provide advice as well as SWP method ?
Ans: Dear Rudolf,
As an NRI planning to move back to India in 2-3 years, transitioning your investments from an NRO account to a resident account requires careful planning. First, once you become a resident, you need to convert your NRO account into a regular resident savings account. This involves contacting your bank, providing updated KYC details, and submitting proof of your new residency status in India. Additionally, you must inform mutual fund houses or registrars (like CAMS/Karvy) about your change in residential status by submitting a KYC modification form.
In terms of taxation, as an NRI, you are currently subject to higher taxes on your investments. Long-term capital gains (LTCG) on equity funds are taxed at 10%, while short-term capital gains (STCG) are taxed at 15%. For debt mutual funds, LTCG is taxed at 20% with indexation benefits, and STCG is taxed according to your income slab. Once you become a resident, the taxation on these investments will continue under resident tax laws, but any new gains after your status change will be taxed according to resident regulations.
To efficiently manage your investments, you can opt for a Systematic Withdrawal Plan (SWP). This allows you to withdraw a fixed amount from your mutual funds regularly while keeping the rest invested. SWP is tax-efficient, as you only pay capital gains tax on the withdrawn portion. After becoming a resident, you can easily set up SWPs to your regular savings account for steady income, while the rest of your investments continue to grow.
So to conclude, it is essential to update your bank and mutual fund KYC details when you return to India to ensure regulatory compliance and take advantage of resident tax laws. SWP can provide regular income while managing taxes efficiently. You need to contact a professional Advisor or CA for managing all your assets.
Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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Nitin Narkhede  |11 Answers  |Ask -

MF, PF Guru - Answered on Sep 15, 2024

Asked by Anonymous - Sep 14, 2024Hindi
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Hi Sir - I'm 35 years. Both myself and a better half are working with a monthly income of 3.65L together (2.8L mine + 85K wife's). We have a 5 year old male kid. We have a SBI max gain home loan account with a debt of 12.65L and a parked amount of 26.5L apart from the EMI paid so far from previous 5 years. No EMI on car purchased. EPF ~29L, PPF started for both of us an year back. Also started a monthly SIP of ~1.2-1.5L in MF from Jan'2024 with 8.5L balance so far and will continue the SIP in the below funds atleast for next 10 years. Not considering debt funds as I'm already having EPF and PPF components and will periodically review these funds. 1. Nifty next 50 Index, 2. Small Cap 250 Index, 3. Multi Cap, Active 4. Mid Cap, Active 5. Flexi Cap, Active Better half may quit her job by Mar'2025. We are looking to close home loan by March'2025 and stay EMI/debt free with a peace of mind. Is it a wise decision to close a home loan by this financial year and increase the monthly SIP to 2L from next financial year? Or) invest the home loan balance amount in real estate (preferably buying a land)? especially when the home loan interest of upto 3.5L are tax fee in the old tax regime. Thanks!
Ans: Dear Friend, Given your current financial standing, closing your home loan by March 2025 seems like a wise choice. You have Rs 26.5L parked in the SBI Max Gain account, which already reduces your interest liability. By clearing the remaining Rs 12.65L, you can become debt-free, providing peace of mind and freeing up your EMI payments for additional investments. While the home loan offers tax benefits under the old regime, the psychological comfort of being debt-free may outweigh the potential tax savings, especially since your financial portfolio is already strong.
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So closing your home loan by March 2025 and redirecting the freed-up funds into increased SIPs appears to be the best route. It balances peace of mind, tax efficiency, and long-term wealth creation, while real estate can be considered for diversification if you find a promising opportunity.
There are many real estate opportunities like REIT or Partial ownership in commercial properties which can also yield between 14 to 22% overall return with about 5 to 8% monthly return and 10 to 12% of Growth in the Asset Value at end of tenure.
Investment is commodities like gold and silver can also yield a return of 8 to 10% with reducing the risk in one sector.
Diversification is the mantra, do not depend on only one or two type of investment avenues. Explore other options as well.

Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

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Dr Karthiyayini

Dr Karthiyayini Mahadevan  |1065 Answers  |Ask -

General Physician - Answered on Sep 14, 2024

Asked by Anonymous - Sep 13, 2024Hindi
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Health
I am 75 + ....Around two months back I was diagnosed as dengue positive with platelet count at 75,000. with proper medication, platelet counts were increased to 2,05,000 and fever was subsided.However swellings on both arms and legs persisted.. Off late on my both solders i am suffering severe pain and enable to make any movement, i feel like inner vain of my both hands are getting stretched/pulled (right from my solder to the finger tips and swelling on both hands and legs are still there. My doctor says that it may continue for another two three months and proscribed me only pain killer tablets.Doctor says that there is no specific medicine for Dengue. I got thorough blood and urine test along with other test like scanning, x-ray etc. All the test reports are normal except slightly blood sugar (PP) on higher side and enlargement of prostate gland (which is there since last 10 years and i am on regular medicine (silodosin 8-mg, one tab a day) Kindly advise me with your good suggestions that what could be the cause of this problem and which expert doctor I should consult since it is very difficult situation for carrying out my routine activities and also I can't sleep properly due to severe pain. Thank you
Ans: Post viral illness can trigger different chain of immune reactions
They are mostly self limiting if your lifestyle is well disciplined.
Here are the points towards a healthy lifestyle
1.Early dinner by 6 pm and avoid animal protein and fat at dinner meal
2.Sleeping time to be regulated. Fix a specific time around 9/9.30 pm and unwind from the world particularly off media from 7 pm
3.Regular brisk walking 30 mts a day five days a week
4.Balanaced nutrition and avoid highly refined carbohydrates

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