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Mayank

Mayank Rautela  | Answer  |Ask -

HR Expert - Answered on Feb 18, 2024

Mayank Rautela is the group chief human resources officer at Apollo Hospitals.
A management graduate from the Symbiosis Institute of Management Studies with a master's degree in labour laws from Pune University, Rautela has over 20 years of experience in general management, strategic human resources, global mergers and integrations and change management.... more
dinesh Question by dinesh on Dec 19, 2023Hindi
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Hi Mayank ji myself dinesh negi searching for new job opportunity in operation

Ans: All the best
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Mayank

Mayank Rautela  | Answer  |Ask -

HR Expert - Answered on Mar 02, 2021

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Hi Mayank,Hope you are doing great.I am Jitendranath, 45 years, from Hyderabad. I am writing this after reading your article on Rediff.Basically I am a mechanical engineer having 20+ years of experience in the EPC (engineering, procurement and construction) and manufacturing industry in the procurement/SCM function.I worked with companies like Fenner and Kirby in Hyderabad before moving to Thermax, Pune, where I worked for 6+ years. I then returned to Hyderabad with the intention of starting a small business.But, even after four years, I couldn't succeed in establishing my business and lost all the capital. So I started searching for suitable positions.I have had no success since the past two years as the EPC and manufacturing industry is itself struggling for several years (since 2012) from scams like coalgate, policy paralysis, demonetisation, GST and now COVID-19.Even though there are a few jobs in the market, I may not be meeting their requirements.Could you please help me?How I should change and develop my skills to meet current and future demand so that I get a suitable job? I am the single source of income for my family of six.Thanks and regards,Jitendranath V
Ans:

Hi Jitendranath.

I believe you have the right foundation to restart your corporate career.

You can plan that with these specific points:

1. With your background in EPC, and with the economy looking up, you can focus on infrastructure and the real estate industry.

2. You can also explore opportunities in international markets like the Middle East and Canada.

3. With 20 years of experience, you must continue to focus on managerial and leadership competencies.

All the best.

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Nitin

Nitin Narkhede  |68 Answers  |Ask -

MF, PF Expert - Answered on May 19, 2025

Asked by Anonymous - May 18, 2025
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I am 47 years old, have saved approx 2.3 crs through mutual funds, nps, epf, etc. I save around Rs1.25 lacs pm. I wish to work for 5-8 more years. My son is in 12th and wants to pursue engineering. I live in office provided lease accommodation and dont own any house. Is purchasing a house in my name necessary or can I just continue to save for retirement and stay on rent? Will the corpus be enough when i retire after 5-8 years?
Ans: At 47, with a solid corpus of ?2.3 crore and monthly savings of ?1.25 lakh, you're on a strong financial path. If you continue saving for 5–8 years, assuming modest growth (10% annually), your corpus could grow to around ?4.5–5.5 crore—potentially sufficient for a comfortable retirement, especially if expenses are kept in check.

Buying a house isn’t strictly necessary unless emotional security or future housing stability is a priority. Renting can remain viable if you're disciplined with investments and ensure rising rents don’t strain your retirement income. You may also consider buying a smaller house closer to retirement, funded partially by your corpus, without compromising long-term returns.

Also factor in your son’s engineering expenses in the next few years, which could temporarily reduce your savings rate. Ensure you’re adequately insured (life and health) and have an emergency fund. A financial plan aligning your retirement income needs with inflation-adjusted expenses will help fine-tune your decisions.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

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Nitin

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MF, PF Expert - Answered on May 19, 2025

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MF, PF Expert - Answered on May 19, 2025

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Dear Sir, Me and my wife are 39 years old, our total in hand income from salary is 1.3 lakhs. I have a car loan EMI of 28100, 4 yrs left in tenure. We have personal loan EMI of total of 25k monthly and 4 yrs remaining. We have invested in 3k monthly in PPF and 6k monthly SIP in MF (both of us incuded). We pay rent of 26k per month. Our kid is 2.5 yrs old and we have put him in daycare as we have to go office. Daycare expenses are 9k per month, including his 3 times meal. Petrol expenses are 7k per month (have to take our own car as using public/shared/office transport takes additional 1 hr to an fro from office). Broadband and moble connection together costs us 2.2k per month and Electricity is 1.8k per month. Remaing amount is spent in Groceries+Misc. We dont have any gold/own house/land/parents house or any savings left nor do we have any cash left. We dnt have any insurance for neither of us. Our child is growing and we need money for his education and futue, we need to buy a home for ourself. How to plan for our child's education and future and our retirement and our income and our future.
Ans: Dear Deepankar,
At 39, with a child and heavy EMIs, focus first on stability. Get term insurance (?1 crore each) and family health insurance (?10–15 lakh). Build a 3-month emergency fund by cutting discretionary spends. Consider refinancing loans to reduce monthly EMIs. Pause SIPs temporarily; restart once debts ease. Shift to a more affordable rental if possible. Delay home buying until finances improve. Track every expense and optimize where possible. Later, restart SIPs for your child’s education and your retirement. Discipline and clear priorities now will secure your family's financial future. Consult a financial planner to structure goals and investment strategy effectively.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

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Dr Dipankar

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Tech Careers and Skill Development Expert - Answered on May 19, 2025

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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