Covid-19 and Indie Music#1 Brijesh Sarin

Hello Everyone. The #21dayslockdown have affected people from every field. Lets today start a blog series to know what Indie Artists have to say on this. Today on the panel we have Brijesh Sarin- founder and lead vocalist of the band “Under the Bins”.

Brijesh Sarin has been into Indie music scene since 2011. In order to take music seriously he formed his own band named “Under the Bins” in 2017. In 3 years of time span they have won many various “Battle of Bands”.

On asking them about how their music have been affected by #Coronavirus and #21Dayslockdown, Brijesh is quite positive about situation. He says that he has a recording studio at home, so lot of his work is done from home. He already had many projects pilled up and this lockdown is giving sufficient time. On the other hand due to the closure of University he have even more time to finish up those projects that includes: upcoming original compositions, cover songs, web series, sound scores etc. But then also he has to take more precautions before he use any of the gears in the studio.

When asked since when he is locked down at home, he says he was more concerned about health and as a measure of #selfquarantine precaution he is at home since 14th March.

 Brijesh is also very positive about the steps taken by Indian Government. He says that The government is doing a great job. CoronaVirus is affecting a lot of people who depend on daily work and have daily wages but this lockdown was a necessary thing in order to stop this pandemic COVID-19 to spread further. Also they should now start testing more people for the virus so we know the actual number of people affected.

He have message fans, followers and general people that “please please please take this seriously and cooperate with the steps that government has taken and stay in self isolation and maintain social distancing”

Todays’ India and Loan burden

There used to be a time when our forefathers used to tell their sons and daughters that never take “Udhar” i.e loan of any kind. Once you start taking loans then you are stucked in the vicious circle of loans.

The new India which is full of banks, Nbfc’s and various fintech companies , providing loans in just few mintutes. Gone are the days when people used take loan for purchase of property or for expansion of starting business. With entrance of companies like “home credit” and “Bajaj Finserv”, now loans are available for even consumer products like mobile phone, Washing machine, airconditioners etc.

Some type of loans have become necessity. I am talking about home loan. No one in this era want to pay rent on the house rather want to own the house. Even business men instead of taking credit from friends and relatives prefer going in official way by taking loan from banks, nbfc’s or fintech companies.

With the increase in average package of employees , they now a days prefer to have all luxuries and less of savings.

A middle class of India is stucked with paying atleast two emi’s like home loan , vehicle loan, personal loan , consumer loan etc.

Nowadays each one of us want to live with luxuries like car, Big Home, branded mobiles etc that can create that “Status symbol”.

Here comes financial planning in picture. We need to understand instead of going for loans for each and every thing, we can plan the things well in advance like family planning. Sip’s , Mutual funds, Fixed deposits , recurring deposits are some options that can be thought for loan burden. Ofcourse for buying a home or starting a new venture you necesarily require loan. But financial planning can help you in purchasing consumer products, securing child’s future, Daughter’s marriage etc

Rather than being in due its better to invest. Each one shall invest in RD’s , FD’s , SIP’s Gold etc through which we can reduce loans. Loans are always added with interst and burden of emi. So avoid loans and prefer financial planning.