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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Sep 12, 2023

Asked by Anonymous - Sep 07, 2023
Career

My son is a US citizen , but he is doing his schooling from India. Will he be eligible for scholarships while applying for admission to US UG programs ? What are the exams and scores he has to have for admission (SAT , Others ?)

Ans: Hello,

First and foremost, thank you for contacting us. Yes, your son may be eligible for scholarships if he applies on time and meets the standards put forth by the universities. With a US passport, the English proficiency requirement may be eliminated, nevertheless, various universities may demand it, and thus, he should appear for the IELTS/TOEFL/PTE/Duolingo as well. The SAT test is required for the program. Not all institutions require it, however it is required if you want to be considered for scholarships. Our team of experts can assist you throughout the entire procedure. I am writing to ask you to visit our nearest branch and share your information with us so that our team can guide you further.

For more information, you can visit our website.

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Sushil

Sushil Sukhwani  |94 Answers  |Ask -

Study Abroad Expert - Answered on Aug 28, 2023

Career
My son is working as research scholar in IIT but wants to pursue research in US what are the options to do that . He wants stipend fore that kindly guide
Ans: Hello Kavita,

To begin with, thank you for contacting us. Through pursuing research in the US, your son can acquire a fantastic chance to broaden his academic horizons, learn about modern research, and work with subject-matter experts. He could think about the following options:

1. Graduate Studies (Ph.D.): Applying for a Ph.D. program at a university seems to be one of the popular methods to pursue research in the US. Through these programs, students can earn stipends and tuition exemptions in exchange for research and teaching assistantships. Your son can submit an application to the graduate programs at his preferred universities.

2. Fellowships and Grants: For foreign students pursuing research in the US, multiple grants and fellowships are offered. Examples include The NSF Graduate Research Fellowship, Fulbright Program, and several university-specific scholarships. Financial assistance viz., stipends and tuition coverage are offered through these programs.

3. Research Assistantships (RA): Research assistant roles are available in several research initiatives, labs, or departments. In this salaried position, your son will carry out particular research projects under a faculty member’s supervision.

4. Teaching Assistantships (TA): Teaching assistantships are similar to research assistantships, here students help the professors teach undergraduate courses while he is still pursuing his own research. This may also include a stipend and at times, tuition coverage.

5. Working in partnership with Professors: Your son might consider working together on research projects, if he has developed relationships with professors in the US. Getting invited for short research trips or even longer research stays could stem as a result.

6. Postdoctoral Jobs: Your son could think about applying for postdoctoral jobs if he finishes his Ph.D. in India and wishes to further his research in the US. These research positions are temporary enabling him to continue his research under the guidance of experienced researchers.

7. Centers and Institutes for Research: Researchers can enrol as visiting scholars or researchers at a number of US research institutes and centers. These jobs could offer stipends and access to cutting-edge facilities.

8. Academic Workshops and Meetings: Your son can engage with possible colleagues and look into research opportunities by attending conferences and seminars in the US that are pertinent to his academic field.

Your son should inquire about labs, universities and programs that match his research interests, get in touch with teachers/advisors he intends working with, submit a compelling Statement of Purpose, study proposal, and recommendation letters, appear for English language competency tests viz., IELTS or TOEFL as required by universities, and look into scholarships, fellowships, and assistantships that offer international students financial aid.

To make sure he finds the perfect match for his research interests and career prospects, your son should plan well in advance, begin early, and conduct extensive research on each possibility.

For more information, you can visit our website.
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Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Asked by Anonymous - Sep 14, 2023
Money
Sir, I just retired from my service @60yrs. I will get my PF+other fund ₹50L. Please advice how to invest the amount so that my principal not disputed and I can get ₹30,000 pm for my monthly expenses. My family of 2 persons are covered ₹50L health insurance. Regards
Ans: Considering your age and your requirement, you will need to invest in a mix of debt and equity instruments. Here are some investment options available to you:-

• Senior Citizens’ Savings Scheme (SCSS) – This is a pure debt instruments and provides guaranteed returns of 8.2% per annum. The interest is paid quarterly. The maximum amount that you can invest is Rs. 30 Lakhs.

• Corporate FDs – It provides you return more than the regular bank FDs. It contains two options i.e. cumulative and non-cumulative.

• Post Office Monthly Income Scheme (POMIS): This is another government-backed scheme that offers guaranteed monthly income. The current interest rate is 7.1%.

• Debt Mutual Funds: As your main concern is to protect the principal amount you may consider debt funds and monthly income can be achieved through the route of SWP (systematic withdrawal plan).

• Equity mutual funds: Equity mutual funds offer the highest potential returns, but they are also the riskiest. A small portion of the amount can be invested in the equity mutual funds for growth of the money in the long-term horizon.

It is good to know that you are adequately insured for any healthcare emergency.

Your requirement of Rs. 30,000 will be changing in the future due to inflation, hence you should consult with your financial advisor for a proper increasing income or SWP (systematic withdrawal plan) which can help you to ensure sufficient amount available for your monthly expenses.
(more)
Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Sep 23, 2023

Money
Hi Sir, I worked a small level company between 01.02.2018 to 30.04.2021. They paid standard EPF contribution of Rs. 1800/- from my side they deducting the same of Rs. 1800/-. After I exit the company I applied the EPF Withdrawl (both contribution) on 06.05.2023 and it was rejected by the officer and the reason was mentioned "Claim Rejeced EQUAL SHARE 07/18". The Employer deposit the July 2018 share in wrongly i.e. The deposited Rs. 1800/- in Employee Share and Rs. 1800/- employer Share and Pension is " 0 ". instead of Rs.1800/- as employee, Rs. 550/- as Employer and Rs.1250/- as pension contribution. When I sent a 2 continues mail to EPF they taking my query as a grivience and sent a query to the employer. But Still they not close the issue. How to I approch them to clear my claim. Because there is no mistake from my side. Thanks in Advance. Narayanan
Ans: I understand that your EPF withdrawal claim has been rejected due to an error in your employer's contribution. This is frustrating, but it is important to remember that you are not alone. Many people experience problems with their EPF claims, especially when their employers make mistakes.

When filing a grievance, be sure to provide clear and concise information about the issue. You should also include any relevant documentation, such as your EPF statement and the revised Form 11 from your employer (if you have one).

Once you have filed a grievance, the EPFO will investigate the matter and try to resolve it. This process can take some time, but it is important to be patient.

Here are some additional tips:

• Keep track of all your communication with the EPFO. This includes emails, phone calls, and visits to the office.
• If you are not satisfied with the EPFO's response, you can escalate the issue to the regional or national level. You can also mail on employeefeedback @ epfindia.gov.in for the redressal of your grievance.
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