![]() From litigation to transactional work, his expertise spanned the gamut, and so did his clientele. Senior advocate Amit Desai described Luthra as an entrepreneur in the legal profession, making his debut in the highly-competitive market in Delhi. ![]() “Rajiv Luthra was numero uno in many fields,” said Additional Solicitor General Balbir Singh. So much so that he started an adventure travel company before setting up his law firm. Other than being a lawyer and a chartered accountant, he was a genuine lover of the outdoors. Luthra was a man of many talents and interests. Luthra’s family and stand by them in these difficult times.” “On behalf of all the members of the Firm, we extend our deepest condolences to Mr. He will be remembered for his magnanimity, ethics, leadership and larger-than-life personality,” the firm said in a statement. “He was not just the Founder and Managing Partner, but the voice of the Firm and inspiration to all members of the Firm. At one time, the firm had over 350 lawyers across its offices. He went on to establish his own law firm Luthra and Luthra, in 1989. Luthra started his law studies late, at the age of 31, after qualifying as a chartered accountant. Luthra, who leaves behind his wife Gayatri and his daughters Sana and Arshia, was a late entrant to the legal profession but he more than made up for lost time. “It’s a huge loss but we celebrate the man he was and the large than life persona he was.” What a wonderful and full life he led and what a great man, father, son, husband, friend he was, said Adil Zainulbhai, the chairman of the Network18 group and the head of the government’s Capacity Building Commission. His sudden passing is being mourned deeply-by colleagues in the legal profession, in corporate India, in the judiciary and by Network18, where he was an independent director. Tags: inflation loans financial planning Salaried Class SIP Health Insurance systematic investment plans Emergency Funds employer benefits equities investing debt investments personal finances Follow News on abp LIVE for more latest stories and trending topics.Rajiv Luthra, who died on Wednesday at the age of 67, was one of India’s best lawyers, and also among its most-loved. It provides behavioral discipline and guidance. A financial plan is crucial to manage finances and achieve goals. The start of the financial year is a good time to assess finances. Younger investors tend to prioritize high-yielding but high-risk products such as P2P lending, non-convertible debentures (NCDs), and stock baskets. The report also noted that despite the widespread availability of mutual funds and the popularity of Systematic Investment Plans (SIPs), investors are still allocating a low portion of their overall portfolio toward these funds. Factors that contributed to low savings included lifestyle expenses, large loans, and a lack of focus on saving. Among those surveyed, 57 per cent saved less than 20 per cent of their take-home salary, while 24 per cent did not save at all. However, saving money was identified as a significant obstacle for many individuals. Respondents expressed a desire to expand their knowledge of financial planning, mutual funds, and taxation, the survey noted. About one-third (34 per cent) of respondents did not invest because they were unsure where to invest, the report said.Īlso Read: The Rise In Banking Services Frauds In India: How To Stay Vigilant And Prevent It In terms of investment, investing in equities was the choice of 44 per cent of the surveyed individuals, whereas 36 per cent preferred debt investments such as fixed deposits and insurance policies. In addition, 23 per cent of the respondents were not equipped to handle medical emergencies at all. According to the survey, 48 per cent of those who participated stated that they depended on medical insurance provided by their employer, but they were uncertain if it would be sufficient. Supporting elderly parents and paying for medical expenses were bigger financial worries than not being able to repay loans, especially credit card debt. According to a survey, 48 per cent of the respondents identified that planning for financial goals was their most significant financial challenge, while 42 per cent said they would not be able to cover their expenses if they became unemployed. It was conducted among 1,364 salaried employees. The report cites a survey by Finsafe India, a financial education company. ![]() According to the report, the salaried class tends to rely solely on employer benefits and is unsure if they are planning correctly for their goals. A Mone圜ontrol report citing a survey of salaried employees said that Indians lack financial planning. Lack of financial planning continues to be one of the biggest challenges faced by salaried Indians.
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