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Kanchan

Kanchan Rai  |175 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 06, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Rajesh Question by Rajesh on Apr 05, 2024Hindi
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Relationship

Goodmorning I am working in PSU. I exposed a fraud in my company few years ago. Nothing happened to culprits. Rather they continued to gain elevations and reached to top management. Well as anticipated, I am being regularly victimized, my career for promotions got spoiled and now working disgracefully. I suffered heart attack in my office due to such disgraceful treatment in workplace. I even filed a law suit against my no promotion but all this take years and said culprits after enjoying time are retiring or hv retired recently. Suggest me to overcome this situation which many may be facing as consequences of honesty in our country. How can I use these people for mental harrassment and loss of time and money in career and life. I am male 57 yrs old and left with 3 years of service. Thanks.

Ans: I'm truly sorry to hear about the challenges you've faced as a result of exposing fraud in your company. It's disheartening to hear that you've experienced victimization and unfair treatment in the workplace, especially considering your dedication to honesty and integrity.

While it's understandable that you may feel angry and frustrated about the lack of consequences for those involved in the fraud, it's important to focus on finding ways to overcome the situation and move forward.Your health and well-being should be your top priority. Make sure you're taking care of yourself physically and emotionally. Consider seeking support from a therapist or counselor who can help you cope with the stress and trauma you've experienced. Continue pursuing legal avenues to seek justice for the mistreatment you've faced in the workplace. While it may be a lengthy process, holding those responsible for the fraud and your mistreatment accountable can provide a sense of closure and vindication. Keep detailed records of any instances of harassment, discrimination, or mistreatment you've experienced in the workplace. This documentation may be valuable evidence if you decide to pursue legal action or file a complaint with relevant authorities. Evaluate your career options and consider whether it may be beneficial to seek opportunities outside of your current company. You deserve to work in an environment where you're treated with respect and fairness. Lean on friends, family members, and colleagues who can offer you support and encouragement during this challenging time. You're not alone, and having a support network can make a significant difference in your ability to cope with adversity.Engage in activities that bring you joy and relaxation, whether it's spending time with loved ones, pursuing hobbies, or enjoying nature. Taking care of yourself emotionally and physically is essential for resilience and well-being. While it's natural to dwell on past injustices, try to focus on the future and what you can control. Set goals for yourself, both personally and professionally, and take steps to work towards them. Given that you have three years left of service, consider your retirement plans and whether it may be beneficial to retire early or explore other options for transitioning out of the workforce.

Remember that you have the strength and resilience to overcome this difficult situation. It's not easy, but by taking care of yourself, seeking support, and exploring your options, you can navigate through this challenging time and find a path forward
Asked on - Apr 30, 2024 | Not Answered yet
Thanks Kanchan. Its helpful and working on suggested areas giving a sign of relief and energy. Regrds

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Anu

Anu Krishna  |836 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 12, 2020

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I'm 62, quite active socially. My problem is this that the people who are stronger than me emotionally or physically or even weaker than me, I always agree with them or keep mum. But keep on cribbing inside. This is, because, I don't want to make them angry or lose them. I can't express my feelings or show my anger even if someone owe's me a big amount of money in millions of rupees (which is true). And always fear and keep on brooding, visualising them fighting with me and insulting me. I also visualise them refusing to pay my money back to me. I worked my whole life and earned and saved few millions in my lifetime. People knew that I have money and people started asking me for loan on one pretext or other. Some included me in their business without a legal paper work and asked me to invest money in their business by becoming their partner. They looted me with both hands and now are refusing to return my money. My fears came true. I have already suffered two major heart attacks and my health is deteriorating every day and has made me almost bedridden. Very less amount has been left with me which is insufficient for the survival of my family. I keep thinking, fearing and getting more sick. Kindly advise, how I can overcome this situation.
Ans: Dear AS, what you focus on grows bigger with time as your mind has been trained to magnify it beyond what it truly is. 

You constantly worried about what you would lose rather than what you have. And in the bargain, trying to please people so that wouldn’t lose them, you ended up getting cheated due your poor decisions.

Let bygones be bygones.

How about at this very moment as you are reading this, think exactly how you had managed to make those millions of rupees?

There is something wise in the way you managed your work/business/network to create that wealth, isn’t it?

So what is it?

Take out a diary and jot it down.

We have a lot of inner resources to bank on that we give ourselves credit for. And if you have done it once before, you truly know how to do this once more.

Just that, your health and loss of money are making you believe otherwise.

Start with:
1. Planning household expenses statement. Right now, only priorities will count. Anything extra will be out till you have disposable income on hand.
2. If you are planning to start something new, do that with the same confidence from the time you were financially abundant and. If you are employed some place, do what you would do with your skills in every project and enjoy the fruits of labour.
3. Take care of your health. Ask your doctor, what exercises can be done by you to keep your health well so that you can work happily

Do remember, nothing is worth worrying so much; your family loves you and want you around them for a long time.

So, look into their eyes and know that the stress that you are carrying around like a special baggage needs to be dropped down this very instant.

Take care and be happy always!

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Anu

Anu Krishna  |836 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 14, 2022

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Dear ma’am, I really appreciate you helping the community getting mentally healthy.I feel very complicated and sleepless. Please help.I am 45, male. My whole life, as I remember, I have been taken advantage of -- by friends, parents, siblings.I am sensitive, I have anger but I cannot talk back or stand up for myself and try to adjust, move on, simmer within, not to talk back to elders (or anybody). If I talk back I get so much guilt, and maybe so continue to be taken advantage of.I have had many soft abuse/humiliation/pressure episodes with friends/family that are stuck and stuck; but those don't happen since I am grown-up, plus people are no more around. I feel I got damaged that way.But financially since the last 20 years -- relatives, friends, father, siblings have cheated me loaning money with false promises and they don't take care about their loan responsibility and live their sporty life. Here I feel like a beggar the whole time enquiring about getting my own stuck money back, getting false promises, false reasons, hundreds of those conversations, also sometimes making me feel guilty in reverse (what is your money urgency type?) to ask my own money back. Those people are still around. The total runs in many lakhs just principal and nominal interest also will run that much. I don't have energy deal those people, negativity, bad values that comes along. So last few years, I just kept mum, on surface smile (internally bad memories). But that is bu**sh**Six months ago, I decided and started cutting off those people for good. I don't need negativity. I have enough savings. I felt relaxed that I at least mentally I took that hard decision.But other side, it is so difficult as they are close people, family, friends -- I am bound to see them at family functions, my mom/wife/kids talk with some, they may call them home also etc. I feel afraid and super angry to even see their face, and even if they hypothetically return money -- I don't feel like accepting it also; let them remain cut off from my life.Plus I suffer from depression since 15 years (on/off medicines) that mom/kids don't know, wife cannot really empathize. I just feel too weak. Did I do the right thing to cut off people and stick to that decision in future? How to face them in life then?
Ans:

Dear KK,

The reason why people bend backwards to do things for people and have trouble saying NO is because they worry not being loved by others or getting their attention.

Maybe they also worry about being alone because others might reject them if a boundary is drawn.

So, find out why you have been allowing these people (family and friends) take advantage of you.

When will you find the strength to respect and value yourself?

Once you do, others will do that as well and not complain about you standing up for yourself. And there is no need to hold onto people by being nice to them by loaning money. Are they going to lie you for the money or for who you are?

Work with the person who has prescribed medicines for your depression on the deep-rooted cause for your poor self-esteem which makes you depend on others to make you feel good or feel anger when you see them.

Till you work on these, your connection with your family will be a struggle. So, help yourself first by taking care of your emotional health.

All the best!

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Moneywize

Moneywize   |102 Answers  |Ask -

Financial Planner - Answered on May 02, 2024

Asked by Anonymous - Apr 20, 2024Hindi
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Money
I have submitted my Form 15 to my bank in April 2023. My income falls under the non-taxable category against interest received from bank FDs. Bank has not deducted any TDS up to September 2023 but from October 2023 they have started deducting TDS on FD interest earned by me saying that interest earned on my FDs have crossed the limit of Rs 5 lakh. Is the bank right in deducting tax citing this reason? Please enlighten me.
Ans: No, the bank is likely not right in this case. Here's why:

• Form 15G validity: A valid Form 15G submitted before April 1, 2023 is applicable for the entire financial year 2023-24 (assessment year 2024-25). This means if your income falls under the non-taxable category, the bank shouldn't deduct TDS on your FD interest for the entire year.
• TDS exemption limit: The current exemption limit for TDS on FD interest is Rs 40,000 for individuals below 60 years old, and Rs 50,000 for senior citizens (above 60 years old). There's no limit of Rs 5 lakh for TDS deduction on FD interest.

Here's what you can do:

• Reach out to your bank: Inform them that you submitted a valid Form 15G and your income falls under the non-taxable category. You can clarify the exemption limit and point out the mistake.
• Request rectification: Ask the bank to rectify the error and reverse the TDS deducted on your FD interest from October 2023 onwards.
• Seek professional help: If the bank doesn't resolve the issue, consider seeking help from a tax consultant or financial advisor. They can guide you further on how to claim a refund for the deducted TDS.

Additional points to consider:

• Ensure you have a copy of the Form 15G submission acknowledgement for your records.
• Keep a record of any communication with the bank regarding the TDS deduction.

By following these steps, you should be able to resolve the issue with the bank and avoid unnecessary TDS deduction on your FD interest.

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Ramalingam Kalirajan  |1298 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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Hi, my age is 29. Married. My daughter is 8 months old. My monthly salary is Rs. 1.33L PM. Monthly expense - Rs. 35,000 Current commitments are: Home Loan EMI - Rs. 43,535 (8 months completed. 30 years tenure) Term Insurance - 1cr (Annual premium - Rs. 36,000 for 10 years. 7 more premium pending) Current NPS Balance - Rs. 75,000. Investing Rs. 15,000 pm SSY - Rs. 12,500 pm. APY - Rs. 409 pm I'm planning to save for Emergency Corpus Fund, get a medical insurance floater policy. My short term goal is to save Rs. 20 lakhs within 4 years for registeration and interior work for house. My long term goals are for daughters UG education, wedding, retirement at 55 years. I took investment risk test and Im an aggressive investor and planning to invest more on equity. Also, I want to diversify the portfolio and invest across asset class.
Ans: It's great to see your proactive approach to financial planning! With your solid income and clear goals, here's a suggested plan:

Emergency Corpus Fund: Aim for 6-12 months' worth of living expenses in a high-yield savings account for emergencies.
Medical Insurance Floater Policy: Ensure adequate coverage for your family's healthcare needs, including your daughter.
Short-Term Goal - House Expenses: Consider a mix of equity and debt mutual funds for potential growth while safeguarding against market volatility.
Long-Term Goals - Daughter's Education, Wedding, Retirement: Continue investing in equity through mutual funds or stocks for higher returns over the long term. Also, explore options like PPF, NPS, and diversified funds for diversification across asset classes.
Review and Adjust: Regularly review your portfolio's performance and make adjustments as needed to stay on track with your goals.
Remember, financial planning is dynamic. Consulting a Certified Financial Planner can provide personalized guidance tailored to your unique circumstances and aspirations. With discipline and strategic investing, you'll be well-positioned to achieve your financial dreams.

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Mayank Chandel  |437 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on May 02, 2024

Asked by Anonymous - Apr 24, 2024Hindi
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Career
I completed bams a year ago. I passed 12th in 2014 and prepared for neet 2 times but couldn?t get seat because i was not serious about my career at that time. I had no clearity. I was so confused that I couldn?t focus. Even my parents and relatives were scolding me and not helping me . So I wasn?t thinking roperly focused. Then i gave bams entrance for the first time and got seat. I feel like if they wouldn have helped me or asked me what do i feel then i must not have been in the same place as am today. I feel i have ruined my life. Am currently working in delhi as a physician in a very renowned ayurvedic institute. But i feel like I don?t have passion for ayurveda. Am 26 years old. Everytime i feel like failure as I couldn?t get mbbs. Still my teenage to final year of my college i used to be so confused about my career. As now at 27 am having clearity that i want to be a cardiac surgeon, i feel like it?s too late to restart again. I feel depressed, failed and guilty. I don?t know if its a good decision to appear for neet again or not. I feel like defeated. I dont Feel happy. This time i have a lot of passion for becoming a cardiac surgeon but i am not able to decide this thing myself. I feel helpless. I feel guilty that I couldn?t clear neet exam. On the other hand there are some of my friends who never ever appeared for neet and did bams from private colleges are really happy and don?t have any complaints from this career. Why do i only feel defeated and unhappy.
Ans: Hi,
I cannot help you psychologically. But yes if you are really serious & want to restart give it a second thought that whether you will be able to give another 10 years into study. Plus NEET has become more competitive now as almost 24L+ students are writing this year. Again you won't make it there you will be more depressed. Other option would be MBBS abroad then. But still the question is will you be able to give your next 10 years into study?

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Ramalingam

Ramalingam Kalirajan  |1298 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

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Money
Hi Jinal, We both partner are 40 year old. These days after having second child (9 month old), I am bit worried about my both sons (Elder one 10 year) future. We couple currently earning 3.5 Lack per month together (In hand). I am investing 15 thousand in LIC SIIP (Last two year), 25 thousand in SIP (SBI, Last two year), and nearly 20 thousand in LIC per month (Last 10 years). I do invest 1.5 Lacks in PPF every year (Last 13 year). With all this investment can i reach a core plus of 60 Lac (For younger one education) by 2030 and another 1 Cr (For Elder one education and marriage) by 2040. I don't have to plan our retirement as we both are government employee and automatically investing in NPS as per government rules (Current value of NPS is 80 Lack combined). Is this investment is sufficient or i have to increase further for our sons education. One more thing I do investment in gold also (Physical) approximately 3 Lack per year from last 2 years.
Ans: It's heartening to hear your dedication to securing your children's future amidst the joys and challenges of parenthood. Your commitment to various investments, including LIC policies, SIPs, and PPF, reflects your foresight and responsibility.

While your current investments provide a solid foundation, it's essential to regularly review and adjust your financial plan. Consider consulting with a Certified Financial Planner to assess if additional contributions or adjustments are needed to meet your ambitious goals.

Remember, financial planning is a journey, and flexibility is key to adapting to life's twists and turns. With careful planning and guidance, you can navigate towards a brighter future for your children with confidence.

...Read more

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