Hi. I am currently living in India and have received a job offer from Dubai. As I plan to shift, I needed to understand some nuances about managing my SIPs, Equity Holdings and EMIs in India. I have following: 1. 80K SIP in 2 DSP Funds and 2 Quant Funds 2. 70K EMI for a home loan 3. About 1Cr equity holding in a demat account Once I move, I will let my flat out on rent. Wanted to understand following: 1. For rent collection, EMI, SIP etc what account is advisable? NRE or NRO? For EMIs, SIPs etc I will have to transfer money from overseas account to Indian account 2. For SIPs - I will have to change my existing account to an NRE/NRO account as well? 3. Demat holdings - is there a separate category of demat accounts for NRIs?

Ans: Deciding to pursue further education, such as an M.Tech. from a reputed university, can be a significant step towards advancing your career, especially if you feel that there are limited growth opportunities in your current role. Reflect on your long-term career goals and aspirations. Consider whether obtaining an M.Tech aligns with your career objectives and whether it will help you progress towards achieving them. Research the job market for mechanical engineers with an M.Tech. degree to assess the potential career opportunities available to you after completing the program. Evaluate the relevance of an M.Tech. degree in mechanical engineering to your desired industry or field of specialization. Determine whether the knowledge and skills gained through the M.Tech. program will enhance your professional competencies and make you more competitive in the job market. Consider how pursuing an M.Tech. degree can contribute to your personal and professional development. Reflect on the opportunity to deepen your understanding of mechanical engineering concepts, engage in research or practical projects, and collaborate with peers and faculty members in a university setting. Assess the financial implications of pursuing an M.Tech. degree, including tuition fees, living expenses, and potential loss of income during the duration of the program. Explore the scholarship, fellowship, or financial aid options available to support your education and minimize financial strain. Research and evaluate the reputation and accreditation of the universities or institutions offering M.Tech. programs in mechanical engineering. Consider the networking opportunities available through an M.Tech program, including interactions with faculty members, industry professionals, and fellow students. Consider how you will manage the logistics of resigning from your current job, applying for M.Tech. programs, and preparing for your future career. Ultimately, the decision to pursue an M.Tech. degree should be based on a careful evaluation of your career goals, personal interests, financial considerations, and the potential benefits of further education in advancing your career. If you believe that obtaining an M.Tech. degree will provide you with valuable skills, knowledge, and opportunities for career advancement, then it may indeed be a worthy decision for you.

Ans: Diets and food habits is the need of the hour from individual practice to the F#B industry it's all about calories and caloric value.

In fact even the sport's industry and sportsmen & women will need sound advice besides the defence forces.

Now do your research and start a career.. Need further assistance, do revert, happy to assist.

Ans: Hi Somashekar,

I see a great fascinating career gone by, reems & gigabytes of information ,handling credit, forex & credit monitoring, 14 years of handling departmental inquiries where frauds and operations negligence. ...Humongous.

You are the know if all, of the the enterprise of deceit,how h where its carried out undertaken and buried to save the skins of those involved...ofcourse few are brought to book under the long drawn legal procedures.

The wealth of knowledge you have amassed can be tapped professionally as a consultant to fiscal sectors in the Banking & Financial, industry .

Confidential in nature happy to assist in a one on one.
Do stay in touch!

Ans: Congratulations on your career advancement! Transitioning into a managerial role can be both exciting and challenging, but there are numerous courses and resources available to help you develop the leadership and managerial skills necessary for success. Here are some suggestions for leadership and managerial courses, as well as options for 1-to-1 coaching. MDPs provide comprehensive training in various aspects of management, including leadership development, team building, communication skills, and conflict resolution. Look for programs offered by reputable business schools or professional training organizations. Many business schools offer executive education programs specifically designed for mid-career professionals transitioning into leadership roles. These programs cover topics such as strategic leadership, organizational behavior, change management, and decision-making. Obtaining a PMP certification can enhance your project management skills and prepare you for effectively managing teams and projects in your managerial role. The certification covers areas such as project planning, execution, monitoring, and closing. Consider hiring an executive coach who specializes in leadership development and managerial effectiveness. An executive coach can provide personalized guidance, feedback, and support to help you navigate the challenges of your new role and accelerate your professional growth. Seek out experienced leaders within your organization or industry who can serve as mentors and provide valuable insights and advice as you transition into your managerial role. A mentorship relationship can be a valuable source of support and learning throughout your career journey. Many organizations offer professional development programs that include 1-to-1 coaching or mentoring as part of their leadership development initiatives. Take advantage of these opportunities to receive personalized guidance and support from experienced leaders within your organization. By investing in your leadership and managerial development through courses, workshops, and coaching, you'll be better equipped to excel in your new role and drive positive outcomes for your team and organization. Remember to approach your learning journey with an open mind, a willingness to learn and adapt, and a commitment to continuous improvement.

Ans: It sounds like your son has demonstrated entrepreneurial spirit and creativity through his YouTube endeavors, which is commendable. However, I understand your concerns about his future and career stability, especially considering the recent decline in earnings. Here are some suggestions to help support your son in navigating his career and future. Have an open and honest conversation with your son about your concerns regarding his career and future. Express your support and willingness to help him explore alternative paths that align with his interests and strengths. Encourage your son to explore his interests and consider alternative career options beyond YouTube. Help him identify his skills, passions, and values to find potential career paths that could offer long-term stability and fulfillment. Encourage your son to continue developing his skills, both within the realm of content creation and in other areas that could enhance his career prospects. This could involve learning new skills through online courses, workshops, or hands-on experience in different industries. Discuss the importance of financial planning and budgeting with your son, especially during periods of fluctuating income. Help him create a financial plan to manage his earnings effectively, save for the future, and prepare for any unforeseen circumstances. Encourage your son to network with professionals in various fields and seek mentorship from individuals who have achieved success in their respective careers. Networking can provide valuable insights, opportunities, and guidance for career development. While your son may not be interested in traditional higher education, there are alternative education options such as vocational training programs, online courses, or specialized certifications that can provide valuable skills and credentials for specific career paths. If your son is passionate about entrepreneurship, support his efforts to explore new business ideas, ventures, or collaborations that leverage his skills and interests. Encourage him to learn from both successes and failures and to embrace the entrepreneurial journey as a learning experience. Ultimately, it's important to support your son in finding a career path that aligns with his interests, values, and goals while also helping him develop the necessary skills and resilience to navigate challenges and achieve long-term success and fulfillment. Your encouragement, guidance, and support can play a crucial role in helping him shape his future positively.

Ans: Transitioning from electrical engineering to the insurance field is indeed a significant change, but it's certainly possible with careful planning and preparation. Start by assessing your skills, strengths, interests, and values. Reflect on what aspects of your current job you enjoy and what you'd like to change in your next career. Identify transferable skills from your engineering background that can be valuable in the insurance industry, such as analytical thinking, problem-solving, attention to detail, and project management. Gain a thorough understanding of the insurance sector, including its various segments (life insurance, general insurance, health insurance, etc.), products, regulations, and key players. Research different job roles within the insurance industry to determine which ones align with your skills and interests. Identify any skill gaps between your current skill set and the requirements of the insurance industry. Consider enrolling in relevant courses, certifications, or training programs to acquire the necessary knowledge and skills. Courses in insurance fundamentals, risk management, underwriting, claims processing, and sales techniques can be beneficial. Leverage your existing professional network and connections within the insurance industry. Attend industry events, seminars, and workshops to expand your network and learn from professionals already working in the field. Join online forums, LinkedIn groups, and professional associations related to insurance to connect with peers and gain insights into industry trends. Look for opportunities to gain practical experience in the insurance field. This could involve volunteering, internships, or part-time positions to familiarize yourself with industry practices and build credibility. Consider reaching out to insurance companies or brokers for informational interviews to learn more about their operations and potential career paths. Tailor your resume and LinkedIn profile to highlight relevant skills, experiences, and achievements that are transferable to the insurance industry. Emphasize your problem-solving abilities, analytical skills, attention to detail, and any relevant project management experience from your engineering background. Start exploring job opportunities in the insurance field through online job portals, company websites, recruitment agencies, and professional networking platforms. Customize your job applications to showcase how your engineering background and transferable skills make you a suitable candidate for roles in insurance. Once you've secured a position in the insurance industry, continue to invest in your professional development and stay updated on industry trends, regulations, and best practices. Pursue opportunities for further education, certifications, and career advancement within the insurance sector. Remember to stay proactive, persistent, and adaptable throughout the process, and don't hesitate to seek guidance from mentors or career advisors along the way.

Ans: Your son, studying Computer Science Engineering (CSE) at SRM Chennai, has a promising future ahead, given the dynamic and growing nature of the field. The demand for skilled computer science professionals continues to rise globally. With advancements in technology, sectors such as software development, artificial intelligence, cybersecurity, data science, and cloud computing offer numerous career opportunities for CSE graduates. Encourage your son to focus not only on academic studies but also on developing practical skills and gaining hands-on experience. Engaging in internships, projects, coding competitions, and relevant extracurricular activities can enhance his skill set and make him more competitive in the job market. Building a professional network is essential in the tech industry. Encourage your son to participate in industry events, conferences, workshops, and online communities to connect with professionals, mentors, and potential employers. The field of computer science is constantly evolving, with new technologies and trends emerging regularly. Encourage your son to cultivate a habit of lifelong learning and stay updated with the latest developments through online courses, certifications, and self-study. CSE graduates have a wide range of career paths to choose from, including software development, web development, mobile app development, data analysis, cybersecurity, network engineering, machine learning, and more. Your son can explore different career options based on his interests, strengths, and career goals. With the right skills and knowledge, CSE graduates can also consider entrepreneurship as a career path. Encourage your son to explore entrepreneurial opportunities, develop innovative ideas, and learn about startup culture and business management. If your son is interested in pursuing higher education, he can consider options like an M.Tech in Computer Science, an MS in Computer Science abroad, or specialized certifications in niche areas of interest. Further education can deepen his expertise and open up advanced career opportunities.

Overall, with dedication, hard work, and a proactive approach to learning and career development, your son has a bright future ahead in the field of computer science engineering. Encourage him to stay focused, explore his interests, and make the most of the opportunities available to him at SRM Chennai and beyond.

Ans: Certainly! Pursuing certification courses alongside your mechanical engineering degree can enhance your skills and increase your employability. Courses in computer-aided design (CAD), computer-aided manufacturing (CAM), and computer-aided engineering (CAE) software are highly valuable for mechanical engineers. Certifications in software like AutoCAD, SolidWorks, CATIA, ANSYS, or Siemens NX can improve your proficiency in design, analysis, and manufacturing processes. Project management skills are essential for engineering professionals, especially those involved in planning and executing projects. Certifications such as Project Management Professional (PMP) or PRINCE2 can provide you with the knowledge and techniques needed to effectively manage engineering projects. Six Sigma is a methodology aimed at improving processes by reducing defects and variation. Obtaining a Six Sigma certification, such as Green Belt or Black Belt, demonstrates your proficiency in process improvement techniques, which can be beneficial for a career in manufacturing, quality assurance, or operations management. FEA is a numerical technique used to analyze the behavior of structures and mechanical components under various loading conditions. A certification course in FEA, focusing on software like ANSYS, Abaqus, or MSC Nastran, can enhance your analytical skills and understanding of structural mechanics. Courses focusing on manufacturing processes such as machining, welding, casting, or additive manufacturing (3D printing) can provide you with hands-on experience and knowledge of different manufacturing techniques used in industry. Industry 4.0 encompasses technologies like IoT, AI, robotics, and data analytics applied to manufacturing processes. Courses or certifications focusing on these emerging technologies can give you a competitive edge in the rapidly evolving field of smart manufacturing.

But before enrolling in any certification course, consider your career goals, interests, and the specific skills you want to develop. Also, research the credibility of the certification provider and the relevance of the course content to ensure it aligns with your aspirations and adds value to your mechanical engineering education.

Ans: The Indian government has launched various initiatives such as "Make in India," "Atmanirbhar Bharat," and the Production Linked Incentive (PLI) scheme to boost domestic manufacturing, attract foreign investment, and promote the production of goods locally. These initiatives aim to enhance the competitiveness of Indian manufacturing on a global scale; hence, the future of the manufacturing industry in India appears promising, with several factors contributing to its growth potential. Ongoing investments in infrastructure development, including the construction of industrial corridors, logistics parks, and smart manufacturing hubs, are expected to improve connectivity, reduce logistics costs, and enhance the ease of doing business for manufacturers. The increasing adoption of advanced technologies such as automation, robotics, artificial intelligence (AI), and the Internet of Things (IoT) is driving efficiency, productivity, and innovation in the manufacturing sector. This technological transformation is helping Indian manufacturers compete more effectively in the global market. The Indian government has identified several key sectors, such as electronics, automotive, pharmaceuticals, aerospace, and renewable energy, for targeted growth and investment. These sectors offer significant potential for value addition, job creation, and export growth in the manufacturing industry. India's large and growing population, expanding middle class, and rising disposable incomes are driving domestic demand for manufactured goods across various sectors. Meeting this demand presents opportunities for both domestic and foreign manufacturers operating in India. The COVID-19 pandemic highlighted the risks associated with over-reliance on a few countries for supply chain operations. Many companies are now looking to diversify their supply chains and explore alternative manufacturing destinations, such as India. This presents an opportunity for India to attract investment and become an integral part of global supply chains. 

However, to fully realize its potential, the Indian manufacturing industry must address certain challenges, including infrastructure bottlenecks, regulatory complexities, skill shortages, and the need for greater ease of doing business. Additionally, there is a growing emphasis on sustainability and environmental responsibility, which manufacturers need to integrate into their operations to remain competitive in the long term.

Overall, with the right policy support, investments in infrastructure and technology, and concerted efforts to address challenges, the manufacturing industry in India is poised for significant growth in the coming years.