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Car Loan vs Lumpsump Payments – Explained by Rohit Tripathi

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Rohit Tripathi is an Entrepreneur who recently made a very interesting video on YouTube about why he took a car loan when other influencers are against it. He Runs a Channel on YouTube called, Retire with Rohit, where he speaks about Early Retirement and other things that would boost everyone’s financial knowledge.

His answer was purely mathematical.

People buy a car for many reasons, they can be genuine or just based on hobby. But the problem really happens when people buy cars when they have no money to afford it. 

They end up taking loans that put stress on their finances and make their life difficult and put a big dent in any savings potential.

But what if you have money? Let’s say you have a few lakh rupees in your account and you want to buy a Car. This is where Rohit Tripathi comes in and explains, why you should take a loan for your car at a minimal interest of 8.6% and invest your money in an Index fund, or even an FD to earn more on your investment.

Due to the amortization schedule of Car Loans, the net interest you will pay on a 10 Lakh Rupees Car loan would be around 3.3 Lakhs over a course of 7 years. 

However, 10 Lakh rupees invested in a Fixed Deposit at 7% will generate over 6 Lakhs in interest income over 7 years, even after tax deductions this interest income will be higher than the total interest paid on the car loan.

This calculation becomes even more exciting if the 10 Lakh is invested in an Index fund at 12% CAGR which makes it even more exciting as the value of this corpus more than doubles in 7 years, and thanks to Long term capital gain taxes, the taxation on this amount will be only 10%, compared to the 30% in case of FDs. (assuming you’re in the top tax bracket).

This strategy devised by Rohit which he used to buy his own car as well, holds true mathematically and is actually a good idea.

If you want to know more about it, consider watching his video about taking a car loan on YouTube, and it will clear your doubts.

Rohit Tripathi has a Research Analyst Certification from NISM (National Institute of Securities Markets), however the SEBI Registration is pending and he wants to get SEBI Registered in a couple of years. He doesn’t offer any financial services of investment advice, yet. To Contact Rohit, you can do so by visiting his website at retirewithrohit.com

Note – This article should not be considered financial advice, or encouragement to take any bank loans. Please do your own due diligence or speak to a registered advisor.

I am passionate and curious writer. I love exploring this lovely and vibrant city and capturing its essence through words. I am an explorer and a storyteller who loves writing about the hidden gems of our city.

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Education

Punjab CM Urges Teachers to Preserve Heritage and Inspire Youth

Anandpur Sahib, Punjab: On a sunny Sunday, Chief Minister Bhagwant Mann spoke to teachers about their important role in shaping the future of Punjab.

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Punjab CM Urges Teachers to Preserve Heritage and Inspire Youth
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The Punjab CM urges teachers to preserve heritage during a special Teacher’s Day event held in Anandpur Sahib, Punjab. On a bright Sunday morning, Chief Minister Bhagwant Mann met hundreds of teachers and praised their contribution to building the future of the state. He called teachers the “true builders of the nation” and urged them to teach students about Punjab’s rich culture and glorious history.

CM Mann said teaching is not just a job but a mission. Being the son of a teacher, he understands the dedication, patience, and love that go into shaping young minds. He encouraged teachers to pass on Punjab’s traditional values, language, and heritage to ensure that the next generation remains connected to its roots.

This year has been especially difficult for Punjab because of devastating floods. Mann informed the audience that 3,200 government schools and 19 colleges were severely damaged. Additionally, nearly 8,500 kilometers of roads and 2,500 bridges were washed away. Despite this destruction, he said that the spirit of Punjabis remains strong.

The Chief Minister also mentioned that floods ruined crops across five lakh acres of farmland. He highlighted how this affected farmers and their families, yet he praised the courage and unity of people who stood together during this crisis. According to him, such strength is what defines Punjab’s character.

Mann also appreciated teachers who continued supporting students even during the floods. Many teachers helped local families, offered shelter in schools, and provided moral support to children who lost their homes. He said, “Such acts of humanity are rare in the world.”

During the event, 71 teachers received the State Teacher Award for their outstanding work. Mann said these awards are not just honors but symbols of gratitude for those shaping young lives. Recognizing teachers, he said, is essential to inspire others to serve with equal passion and honesty.

The Chief Minister explained the deeper meaning of the word “Guru”, derived from Sanskrit: “Gu” meaning darkness and “Ru” meaning remover. A teacher, he said, removes the darkness of ignorance and replaces it with the light of knowledge. He added that teachers are like sculptors who carve young students into doctors, engineers, artists, and leaders of tomorrow.

Another key announcement made by CM Mann was about a heritage walkway leading to Takht Sri Kesgarh Sahib in Anandpur Sahib. This project, launched after 55 years, aims to preserve Punjab’s spiritual and cultural legacy. The walkway will showcase the state’s art, history, and traditional architecture, attracting tourists and teaching the youth about their ancestral pride.

Mann said that even though Punjab faces natural disasters, the government remains committed to improving education. Investments are being made to rebuild schools, train teachers, and modernize classrooms. The goal is to give students the best learning environment while keeping cultural education alive.

He also shared that Punjab now has world-class trained teachers in government schools. These educators use modern teaching techniques and also inspire moral and cultural learning. Mann emphasized that strong teachers mean strong students, and strong students mean a strong Punjab.

In the end, CM Mann said that teachers carry the responsibility of preserving Punjab’s soul. By teaching about the state’s history, art, and language, they ensure that future generations never forget their roots. The event concluded with applause as teachers pledged to continue their mission with dedication and pride.

As the Punjab CM urges teachers to preserve heritage, this message reminds everyone that education is not only about knowledge, it is also about keeping culture, identity, and values alive for generations to come.

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Education

CA Exams Postponed Due to Floods in Punjab and Jammu

The Institute of Chartered Accountants of India (ICAI) announced changes to the CA exams in May 2025.

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The Institute of Chartered Accountants of India (ICAI) announced that the CA exams postponed due to floods in Punjab and Jammu. Heavy rainfall and flooding disrupted cities including Amritsar, Bathinda, Jalandhar, Ludhiana, Mandi, Gobindgarh, Pathankot, Patiala, Sangrur, and Jammu City. These conditions made daily life difficult and created major challenges for students preparing for exams. 🌧️

ICAI emphasized that student safety comes first. Therefore, they decided to postpone the exams until conditions improve. In their notice, ICAI also clarified that exam dates will not change if a public holiday is declared by either the central or state governments. This ensures consistency in planning.

Students were reminded to check updates regularly on the official website icai.org. Staying informed online is essential for anyone preparing for such important exams.

Meanwhile, the CA Foundation exams began today. These exams mark the starting point of a Chartered Accountancy career. ICAI has also released dates for the September 2025 Foundation exams, September 16, 18, 20, and 22. 📅

Importantly, ICAI holds these exams not only across India but also in nine international cities. The list includes Abu Dhabi, Bahrain, Thimpu, Doha, Dubai, Kathmandu, Kuwait, Muscat, and Riyadh. This reflects the global demand for the CA qualification.

Exam times remain synchronized with Indian Standard Time (IST). For example, Abu Dhabi, Dubai, and Muscat will start at 12:30 PM local time, matching 2:00 PM IST. Bahrain, Doha, Kuwait, and Riyadh begin at 11:30 AM local time, again aligning with 2:00 PM IST. In Kathmandu, exams start at 2:15 PM local time, while in Thimpu, the start is 2:30 PM local time, both corresponding with 2:00 PM IST. ⏰

Punjab frequently struggles with seasonal flooding, especially in Mohali and Chandigarh. Roads often suffer damage, making travel hard for residents. For students, these conditions bring extra pressure, affecting both preparation and access to exam centers.

By postponing, ICAI gave students a fair chance to appear without fear or obstacles. The decision provides relief and time for candidates to recover from the disruption. It also shows that academic institutions must balance strict schedules with compassion during crises.

As the weather improves, students will get another opportunity to perform at their best. Authorities encourage them to stay focused and continue preparing diligently.

In conclusion, the CA exams postponed due to floods highlights how ICAI prioritized safety while supporting students through difficult times. This decision ensures fairness and encourages resilience as candidates prepare for one of India’s toughest professional journeys. 🌈

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Chandigarh Teacher Parveen Kumari Honored with National Award

A Proud Moment for Chandigarh

Parveen Kumari, a dedicated teacher from Chandigarh, has been chosen for the National Teachers’ Award 2025.

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Chandigarh Teacher Parveen Kumari Honored with National Award

Parveen Kumari Honored with National Award, marking a proud moment for Chandigarh as she joins just 45 teachers across India recognized this year. A Social Studies teacher at Government Model Senior Secondary School, Sector 20-B, she will be celebrated on September 5, 2025, at Vigyan Bhawan in New Delhi. The honor from the Ministry of Education carries a certificate, silver medal, and a ₹50,000 cash prize.

The Chandigarh Education Department expressed pride in her achievement, stating that the recognition reflects their transparent and fair nomination process. Director Harshuhinder Pal Singh Brar emphasized that her success validates their approach, while Secretary Prerna Puri noted that focusing on true contributions helps identify national role models.

For Parveen, the award is deeply personal. Overwhelmed with happiness, she shared her emotions in simple words, while her retired teacher parents felt immense pride. Her father, Pawan Kumar, praised her consistent dedication, and her mother, Naresh Kumari, reflected on their years of hard work. Her supportive husband Rajneesh, along with children Parth and Prachi, also celebrated the achievement.

Parveen has brought innovation into her classrooms. With advanced degrees in English, History, and MPhil, she introduced creative methods such as puppet shows, role-play, music, and dance to make Social Studies engaging. She built a Social Science Lab, set up a Herbal Nursery and Lily Pond, and shared over 150 resources on platforms like Diksha, PM Vidya, and Kishor Manch to support inclusive education.

Her influence extends beyond academics. Since 2018, she has led the Student Police Cadet (SPC) Program, empowering girls with skills like self-defense and road safety. As a Guide Captain, she has taken students to national and international jamborees and now serves as the State Training Commissioner, training educators to establish Guide units in schools.

Parveen also champions environmental causes. She spearheaded campaigns such as “Go Green Diwali” and “Herbal Holi,” along with anti-tobacco and substance abuse awareness programs. Recognized with several honors, including the Eco Warrior Award in 2024, her efforts earned praise from senior environmentalists.

Her dedication continues a family legacy in teaching, inspired by her uncle Om Parkash, a 2011 National Teachers’ Award recipient. Colleagues describe her as an all-rounder with a cheerful spirit, always ready to serve.

Ultimately, Parveen Kumari Honored with National Award symbolizes more than an individual achievement. It reflects her unwavering commitment to education, community, and environment, inspiring both students and teachers to pursue excellence and make a lasting impact.

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