Lt. Governor Kiran Bedi has sought a set of measures to improve road safety/engineering, sanitation and cleanliness on city roads.

Ms. Bedi, who led a team from Raj Nivas on a cycle tour to make an inspection on Sunday as part of weekend visits, directed officers for immediate action on marking the roads as per traffic rules including zebra crossing for pedestrians wherever required.

The Lt. Governor demanded that speedbreakers be painted to serve as indication to motorists. Other instructions include removing the debris and the tree breakages dumped either side of the road and clearing of drainage slabs taken from the drainage and kept on the road, causing a hindrance to traffic. Ms. Bedi has asked the officers of PWD and Municipality to take a daily round of their respective areas for maintaining road safety and cleanliness.

She was accompanied by Shurbir Singh, Secretary, Works, S.D. Sundaresan, Special Secretary to Lt. Governor, Rahul Alwal, SSP, Mahalingam, Chief Engineer, PWD, M. Kandasamy, Commissioner, Oulgaret Municipality, S. Sivakumar, Pondicherry Municipality, Sekar, Superintending Engineer, PWD and Bascarane, CGO and the Manager of Swachatha Corporation. A plan to convert the Raj Nivas gardens into a biodiversity hub in collaboration with Sri Aurobindo Ashram ecologists, was also initiated.

Ms. Bedi cut a cake and honoured the staff on the occasion.

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Here is the original post:
Take steps to improve road safety: Bedi - The Hindu

(Eds: Disclaimer: The following press release comes to you under an arrangement with PR Newswire. PTI takes no editorial responsibility for the same.) MHRD Minister Launched 35 State-wise Innovations Handbooks

NEW DELHI, March 6, 2020 /PRNewswire/ -- A National Conference and award ceremony was organised recently at Dogra Hall- Indian Institute of Technology (IIT), Delhi by Sri Aurobindo Society and HDFC Bank to recognise the effective grassroot innovations in teaching.

Highlights of the Event

Shri. Ramesh Pokhriyal 'Nishank', Honourable Minister, MHRD felicitated more than 1000 Teachers gathered from all that states and union territories of country

MHRD Minister launched 35 State-wise Innovations Handbooks consisting of best teaching practices and grassroot innovations

Shri. Prakash Javadekar, the Honourable Minister of Information & Broadcasting graced the event and motivated the teachers

Shri. Narendra Singh Tomar, Honourable Minister, Ministry of Agriculture & Farmers Welfare, Rural Development and Panchayati Raj appreciated the mass-scale teacher outreach program 'Zero-Investment Innovations For Education Initiatives' (ZIIEI) of Sri Aurobindo Society and HDFC Bank Shri. Sanjay Shamrao Dhotre, Honourable Minister of State for HRD boosted the morale of the teachers and felicitated education officers Shri. Pratap Chandra Sarangi, Honourable Minister of State for Micro, Small and Medium Enterprises graced the occasion Shri. Anurag Thakur, Hon'ble Minister of State for Finance motivated the teachers at the event Shri Ram Madhav, National General Secretary, Bhartiya Janata Party applauded the teachers for their unique teaching innovations at grassroot level.

Shri Ramesh Pokhriyal 'Nishank', honourable Human Resource Development (HRD) minister felicitated more than 1000 teachers from across the country for their unique zero-investment grassroot innovations in teaching.

The event, named as 'SHUNYA SE SASHAKTIKARAN- Empowering Through Zero' highlighted and promoted various zero-investment innovative ideas that are developed and being implemented by the school teachers in their respective schools. 35 state-wise Innovations Handbooks were also launched at the event. These handbooks document the most effective innovations by teachers of different states. The event was organised by Sri Aurobindo Society and HDFC Bank to acknowledge the best practices and innovative ideas of the school teachers on 01st and 02nd March 2020, at Dogra Hall- Indian Institute of Technology (IIT), Delhi.

Hon'ble Minister MHRD- Shri Ramesh Pokhriyal 'Nishank', Dr. Satbir Bedi Chairperson, NCTE, Ms. Ashima Bhat - Group Head, HDFC Bank, Shri. Ashish Goel - Divisional Commissioner Prayagraj, Uttar Pradesh, Shri. Pradeep Narang - Chairman, Sri Aurobindo Society, Shri. Vijay Poddar - Member Executive, Sri Aurobindo Society along with Shri Sambhrant Sharma- Director, Education, Sri Aurobindo Society felicitated 1,000 innovative teachers and launched 35 Innovation Handbooks.

Addressing the audience and media persons present at the event, Shri Ramesh Pokhriyal 'Nishank' emphasised on the need to empower the teachers to upgrade the education sector of the country. He also appreciated and acknowledged the efforts of Sri Aurobindo Society for their dedicated approach in this sector.

Speaking at the event, the Honourable MHRD minister, said, "I hope from next year we celebrate this day as Innovative Teacher's Day. I congratulate Sri Aurobindo Society and HDFC Bank for the commendable work of acknowledging teachers' contribution in the education sector". He also described the teachers as Chanakya who are capable of creating a Chandragupta in every student.

Shri. Pokhriyal also acknowledged the efforts of HDFC Bank in Nation Building and presented a memento to Ms. Ashima Bhat Group Head, HDFC Bank. Speaking at the event, Ms. Bhat said, "It is the vision of HDFC bank to build an educated and progressive society. The Bank has been actively involved in making a stronger and better India and Sri Aurobindo Society's ZIIEI program has been an incredible partner in this vision of transforming education in India."

Ms. Nusrat Pathan, CSR Head, HDFC Bank and Shri Vikas Wahal, Head Retail Banking, HDFC Bank also marked their presence.

The event was graced by the presence of Shri Prakash Javadekar, the Honourable Minister of Information & Broadcasting focused on improving the access and quality of education and applauded the teachers for their praiseworthy efforts in building a stronger and progressive nation. The honourable minister said, "The society where a teacher is recognized and felicitated is a remarkable one. Innovation is the mother of research. Each innovation is a vision. A nation cannot progress without innovation. It is the sole responsibility of the teachers to create great leaders for tomorrow."

The event was also graced by Shri. Narendra Singh Tomar, Honourable Minister, Ministry of Agriculture & Farmers Welfare, Rural Development and Panchayati Raj, Shri. Sanjay Shamrao Dhotre Honourable Minister of State for HRD, Shri. Pratap Chandra Sarangi, Honourable Minister of State for Micro, Small and Medium Enterprises, Shri Anurag Thakur, Hon'ble Minister of State for Finance and Shri. Ram Madhav, National General Secretary, Bhartiya Janata Party.

Along with Shri Narendra Singh Tomar, Shri J. M Bala Murugun - Principal Secretary to Governor, Punjab and Shri Amrendra Kumar Sengar - Inspector General, NDRF also shared the dice and motivated the teachers.

Overwhelmed with the honest approach of the teachers in the education sector, Shri. Narendra Singh Tomar, Honourable Minister, Ministry of Agriculture & Farmers Welfare, Rural Development and Panchayati Raj said, "I hope the teachers continue to contribute towards improving the education system through their noble work. Nation building comes first. Innovative teachers inculcate such moral and human values in their students who play an instrumental role in building a progressive nation."

Shri. Rajender Pensiya - Chief Development Officer, Farrukhabad emphasised on creating a joyful learning atmosphere in the classroom and applauded ZIIEI Innovative Pathshaala, an initiative under ZIIEI that focuses on experiential learning atmosphere in the classroom.

Speaking at the event, Shri. Sanjay Shamrao Dhotre, Honourable Minister of State for HRD said, "Teachers are not just imparting education but are also elevating their learning experience. Knowledge multiplies when we share. It is the responsibility of every generation to pass on the inherited knowledge, culture and values to the next generation. Through initiatives like ZIIEI, we are succeeding in upgrading the education sector."

Prof. V. Ramgopal Rao Director, IIT Delhi, present at the occasion said, "Innovation is the need of the hour, and as we all need to provide a conducive environment to our students to enable them to become entrepreneurs in life."

Shri. Pratap Chandra Sarangi, Honourable Minister of State for Micro, Small and Medium Enterprises also emphasized on the need and importance of innovation in teaching. The honourable minister, said, "It is an enriching experience to meet more than thousand of innovative teachers. I thank Sri Aurobindo Society for the opportunity. It is important that every individual takes conscious efforts towards building a strong, morally rich society. Teachers are responsible for shaping the future of the children of our country and I congratulate you all for your efforts in transforming education."

Shri Mayank Aggarwal, Chief Operating Officer, Rupantar, Sri Aurobindo Society, said, "ZIIEI has been able to reach out to the teachers to the remotest corners to the urban areas, and teachers have been provided a first of its kind constructive platform to share their zero-investment innovative ideas."

Addressing the teachers at the grand event, Shri Anurag Thakur, Hon'ble Minister of State for Finance said, "India has a young population. We need to provide them good education and inculcate moral values in them. Collected efforts of the teachers and students are changing the face of the nation. The young India is true contributor in building a nation."

Shri Ram Madhav, National General Secretary, BJP said, "Education is an assimilation of character building ideas. Teaching implies right guidance at the right time, not just for the teacher & students but for the entire community." He also appreciated the teachers for their innovations solutions in teaching. Acknowledging the efforts of teachers present at the ceremony, Shri. Ram Madhav also said, "The teachers are making an outstanding contribution in the society by infusing and boosting moral values in the education system."

Calling teachers as the nation's pillars Shri. Hrushikesh Senapaty Director, NCERT, said, "It is a proud moment for the nation, as the teachers are working progressively for creating a innovation based ecosystem."

The event witnessed two engaging discussion sessions wherein speakers from education field shared their experiences and need of grassroot innovations.

Speaking on 'Importance of Micro-Innovation in Perspective of Zero-Investment Innovations' Shri. G.P Upadhyaya, ACS Education, Sikkim, Shri. A. Anbasru, Secretary Education, Puducherry, Shri Sanjay Awasthi, Member Secretary-NCTE, Shri Prashanth Nair, Managing Director of Kerala Shipping & Inland Navigation Corporation collectively called for more and more active participation of the teachers. They said that low/zero-cost replicable practices developed by the teachers and principals have the potential to contribute in improving the quality of education and create foster better learning outcomes in the students. The session was chaired by Mr. Nitin Bhalla, Head, Outreach & Partnerships, Rupantar, Sri Aurobindo Society.

In another set of discussion, based on the topic 'Open Source Innovation & Challenges for it's implementation', Dr. Rajesh Nathani - Advisor to Minister, MHRD, Ms Preeti Hingorani, Vice President, Brand & PR, Cambridge University Press, Shri Narayanan Ramaswami, Partnership Head, Education & Skill Development, KPMG collectively emphasised that shared knowledge and wisdom hold the key for unlocking many education related problems. Thus, platform such as ZIIEI, are providing great opportunity to the teachers to find solutions related to community participation, enrolment, drop-outs etc. This session was shared by Dr. Simmi Mahajan, Head- Quality Assurance, Sri Aurobindo Society, Delhi.

About ZIIEI

Zero-Investment Innovations for Education Initiatives (ZIIEI) has come a long way from its inception. The project is a mass-scale teacher outreach initiative started in 2015 by Sri Aurobindo Society and HDFC Bank. Till date around 2 Million teachers have been oriented towards ZIIEI across all the states and union territories of India.

ZIIEI aims to find 'the scattered, isolated and unrecognised, but effective solutions' created by teachers at the grassroot and systematically scale them up to lakhs of schools every year.

In the process, teachers are: Sensitised about the critical need for innovations in the Indian state-run schools; Educated about the potential of innovation that requires zero monetary investment; Encouraged to share such best practices freely with the teaching community; and Recognised grandly for their contribution towards improving the quality of education.

For more information, please visit: https://www.ziiei.com/

About Innovative Pathshaala Zero investment innovations to improve syllabus learning outcomes

Innovative Pathshaala is the innovation guidelines for the teachers based on the existing school curriculum, where they have been converted into evolving Experiential Learning Concept, completely based on ZIIEI ideas. It is an everyday classroom teaching tool created as an extension of the zero-investment innovative ideas presented by the teachers themselves. Till date more than 15 lakh teachers are using Innovative Pathshaala App on their mobile phones on day to day basis.

For more information, please visit: http://rupantar.in/

About Sri Aurobindo Society

Sri Aurobindo Society (SAS) is an international, spiritual, and cultural, not-for-profit global NGO. SAS has been recognised by the Government of India as a Charitable Organisation, a Research Institute and an Institute of Importance throughout India. Rupantar, a dynamic and multidimensional program of Sri Aurobindo Society is dedicated to transform education in schools by harnessing the power of the people and existing resources. 'Zero-Investment Innovations of Education Initiatives' (ZIIEI) is a mass teacher outreach program under Rupantar, that recognises, supports and promotes zero-investment innovations of the teachers.

For more information, please visit: https://aurosociety.org/

Photo: https://mma.prnewswire.com/media/1120545/NationalConferenceandNationalAward_Ceremony.jpg PWR PWR

See the original post:
MHRD Minister Promotes Grassroot Teaching Innovations by Felicitating More Than 1000 Teachers From all the State's UT's of India - THE WEEK

NEW DELHI: A national conference and award ceremony was organised recently at Dogra Hall- Indian Institute of Technology (IIT), Delhi by Sri Aurobindo Society and HDFC Bank to recognise the effective grassroots innovations in teaching.

Highlights of the event

* MHRD Minister launched 35 State-wise Innovations Handbooks consisting of best teaching practices and grassroots innovations

* Prakash Javadekar, the Minister of Information & Broadcasting graced the event and motivated the teachers

* Narendra Singh Tomar, Ministry of Agriculture & Farmers Welfare, Rural Development and Panchayati Raj minister appreciated the mass-scale teacher outreach program 'Zero-Investment Innovations for Education Initiatives' (ZIIEI) of Sri Aurobindo Society and HDFC Bank

* Sanjay Shamrao Dhotre, Minister of State for HRD boosted the morale of the teachers and felicitated education officers

* Pratap Chandra Sarangi, Minister of State for Micro, Small and Medium Enterprises graced the occasion

* Anurag Thakur, Minister of State for Finance motivated the teachers at the event

* Ram Madhav, National General Secretary, Bhartiya Janata Party applauded the teachers for their unique teaching innovations at the grass-root level.

Ramesh Pokhriyal 'Nishank' felicitated more than 1000 teachers from across the country for their unique zero-investment grassroots innovations in teaching.

The event, named 'SHUNYA SE SASHAKTIKARAN- Empowering Through Zero' highlighted and promoted various zero-investment innovative ideas that are developed and being implemented by the school teachers in their respective schools. 35 state-wise Innovations Handbooks were also launched at the event. These handbooks document the most effective innovations by teachers of different states. The event was organised by Sri Aurobindo Society and HDFC Bank to acknowledge the best practices and innovative ideas of the school teachers on March 1st and 2nd 2020, at Dogra Hall- Indian Institute of Technology (IIT), Delhi.

Ramesh Pokhriyal 'Nishank', Minister MHRD, Dr Satbir Bedi - Chairperson, NCTE, Ashima Bhat - Group Head, HDFC Bank, Ashish Goel - Divisional Commissioner Prayagraj, Uttar Pradesh, Pradeep Narang - Chairman, Sri Aurobindo Society, Vijay Poddar - Member Executive, Sri Aurobindo Society along with Sambhrant Sharma- Director, Education, Sri Aurobindo Society felicitated 1,000 innovative teachers and launched 35 Innovation Handbooks.

Addressing the audience and media persons present at the event, Ramesh Pokhriyal 'Nishank' emphasised on the need to empower the teachers to upgrade the education sector of the country. He also appreciated and acknowledged the efforts of Sri Aurobindo Society for its dedicated approach in this sector.

"I hope from next year we celebrate this day as the Innovative Teacher's Day. I congratulate Sri Aurobindo Society and HDFC Bank for the commendable work of acknowledging teachers' contributions in the education sector", said the MHRD minister. He also described the teachers as Chanakya who are capable of creating a Chandragupta in every student.

Pokhriyal also acknowledged the efforts of HDFC Bank in nation-building and presented a memento to Ashima Bhat - Group Head, HDFC Bank. "It is the vision of HDFC bank to build an educated and progressive society. The bank has been actively involved in making a stronger and better India and Sri Aurobindo Society's ZIIEI program has been an incredible partner in this vision of transforming education in India", said Bhat.

Nusrat Pathan, CSR Head, HDFC Bank and Vikas Wahal, Head Retail Banking, HDFC Bank also marked their presence.

The event was graced by the presence of Prakash Javadekar, who focused on improving the access and quality of education and applauded the teachers for their praiseworthy efforts in building a stronger and progressive nation. "The society where a teacher is recognized and felicitated is a remarkable one. Innovation is the mother of research. Each innovation is a vision. A nation cannot progress without innovation. It is the sole responsibility of the teachers to create great leaders for tomorrow", said the minister.

Along with Narendra Singh Tomar, JM Bala Murugun - Principal Secretary to Governor, Punjab and Amrendra Kumar Sengar - Inspector General, NDRF also shared the dice and motivated the teachers.

"I hope the teachers continue to contribute towards improving the education system through their noble work. Nation-building comes first. Innovative teachers inculcate such moral and human values in their students who play an instrumental role in building a progressive nation", said Narendra Singh Tomar.

Rajender Pensiya - Chief Development Officer, Farrukhabad emphasised on creating a joyful learning atmosphere in the classroom and applauded ZIIEI Innovative Pathshaala, an initiative under ZIIEI that focuses on experiential learning atmosphere in the classroom.

"Teachers are not just imparting education but are also elevating their learning experience. Knowledge multiplies when we share. It is the responsibility of every generation to pass on the inherited knowledge, culture and values to the next generation. Through initiatives like ZIIEI, we are succeeding in upgrading the education sector", said Sanjay Shamrao Dhotre.

"Innovation is the need of the hour, and as we all need to provide a conducive environment to our students to enable them to become entrepreneurs in life", said Prof V Ramgopal Rao - Director, IIT Delhi.

Pratap Chandra Sarangi emphasized on the need and importance of innovation in teaching. "It is an enriching experience to meet more than thousand of innovative teachers. I thank Sri Aurobindo Society for the opportunity. It is important that every individual takes conscious efforts towards building a strong, morally rich society. Teachers are responsible for shaping the future of the children of our country and I congratulate you all for your efforts in transforming education", said Pratap Chandra Sarangi.

"ZIIEI has been able to reach out to the teachers to the remotest corners to the urban areas, and teachers have been provided a first of its kind constructive platform to share their zero-investment innovative ideas", said Mayank Aggarwal, Chief Operating Officer, Rupantar, Sri Aurobindo Society.

"India has a young population. We need to provide them good education and inculcate moral values in them. Collected efforts of the teachers and students are changing the face of the nation. Young India is a true contributor in building a nation", addressed Anurag Thakur.

"Education is an assimilation of character building ideas. Teaching implies right guidance at the right time, not just for the teacher & students but for the entire community", said Ram Madhav.

He also appreciated the teachers for their innovative solutions in teaching. "The teachers are making an outstanding contribution in the society by infusing and boosting moral values in the education system", added Ram Madhav.

"It is a proud moment for the nation, as the teachers are working progressively for creating an innovation-based ecosystem", said Hrushikesh Senapaty - Director, NCERT calling teachers as the nation's pillars.

The event witnessed two engaging discussion sessions wherein speakers from the education field shared their experiences and the need for grass-root innovations.

Speaking on 'Importance of Micro-Innovation in Perspective of Zero-Investment Innovations' GP Upadhyaya, ACS Education, Sikkim, A Anbasru, Secretary Education, Puducherry, Sanjay Awasthi, Member Secretary-NCTE, Prashanth Nair, Managing Director of Kerala Shipping & Inland Navigation Corporation collectively called for more and more active participation of the teachers.

Read the original post:
MHRD minister promotes grassroots teaching innovations - Times of India

(Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.) New Delhi, Delhi, India Business Wire India MHRD Minister promotes grassroot teaching innovations by felicitating more than 1000 teachers from all the States & UTs of India MHRD Minister launched 35 state-wise Innovations Handbooks A National Conference and award ceremony was organised recently at Dogra Hall- Indian Institute of Technology (IIT), Delhi by Sri Aurobindo Society and HDFC Bank to recognise the effective grassroot innovations in teaching. Highlights of the Event Shri. Ramesh Pokhriyal Nishank, Honourable Minister, MHRD felicitated more than 1000 Teachers gathered from all that states and union territories of country MHRD Minister launched 35 State-wise Innovations Handbooks consisting of best teaching practices and grassroot innovations Shri. Prakash Javadekar, the Honourable Minister of Information & Broadcasting graced the event and motivated the teachers Shri. Narendra Singh Tomar, Honourable Minister, Ministry of Agriculture & Farmers Welfare, Rural Development and Panchayati Raj appreciated the mass-scale teacher outreach program Zero-Investment Innovations For Education Initiatives (ZIIEI) of Sri Aurobindo Society and HDFC Bank Shri. Sanjay Shamrao Dhotre Honourable Minister of State for HRD boosted the morale of the teachers and education officers Shri. Pratap Chandra Sarangi, Honourable Minster of State for Micro, Small and Medium Enterprises graced the occasion Shri. Anurag Thakur, Honble Minister of State for Finance motivated the teachers at the event Shri Ram Madhav, National General Secretary, Bhartiya Janata Party applauded the teachers for their unique teaching innovations at grassroot level. Shri Ramesh Pokhriyal Nishank, honourable Human Resource Development (HRD) minister felicitated more than 1000 teachers from across the country for their unique zero-investment grassroot innovations in teaching. The event, named as SHUNYA SE SASHAKTIKARAN- Empowering Through Zero highlighted and promoted various zero-investment innovative ideas that are developed and being implemented by the school teachers in their respective schools. 35 state-wise Innovations Handbooks were also launched at the event. These handbooks document the most effective innovations by teachers of different states. The event was organised by Sri Aurobindo Society and HDFC Bank to acknowledge the best practices and innovative ideas of the school teachers on 01st and 02nd March 2020, at Dogra Hall- Indian Institute of Technology (IIT), Delhi. Honble Minister MHRD- Shri Ramesh Pokhriyal Nishank, Dr. Satbir Bedi Chairperson, NCTE, Ms. Ashima Bhat - Group Head, HDFC Bank, Shri. Ashish Goel - Divisional Commissioner Prayagraj, Uttar Pradesh, Shri. Pradeep Narang - Chairman, Sri Aurobindo Society, Shri. Vijay Poddar - Member Executive, Sri Aurobindo Society along with Shri Sambhrant Sharma- Director, Education, Sri Aurobindo Society felicitated 1,000 innovative teachers and launched 35 innovations handbook. Addressing the audience and media persons present at the event, Shri Ramesh Pokhriyal Nishank emphasised on the need to empower the teachers to upgrade the education sector of the country. He also appreciated and acknowledged the efforts of Sri Aurobindo Society for their dedicated approach in this sector. Speaking at the event, the Honourable MHRD minister said, I hope from next year we celebrate this day as Innovative Teachers Day. I congratulate Sri Aurobindo Society and HDFC Bank for the commendable work of acknowledging teachers contribution in the education sector. He also described the teachers as Chanakya who are capable of creating a Chandragupta in every student. Shri. Pokhriyal also acknowledged the efforts of HDFC Bank in Nation Building and presented a memento to Ms. Ashima Bhat Group Head, HDFC Bank. Speaking at the event, Ms. Bhat said, It is the vision of HDFC bank to build an educated and progressive society. The Bank has been actively involved in making a stronger and better India and Sri Aurobindo Societys ZIIEI program has been an incredible partner in this vision of transforming education in India. Ms. Nusrat Pathan, CSR Head, HDFC Bank and Shri Vikas Wahal, Head Retail Banking, HDFC Bank also marked their presence. The event was graced by the presence of Shri Prakash Javadekar, the Honourable Minister of Information & Broadcasting focused on improving the access and quality of education and applauded the teachers for their praiseworthy efforts in building a stronger and progressive nation. The honourable minister said, The society where a teacher is recognized and felicitated is a remarkable one. Innovation is the mother of research. Each innovation is a vision. A nation cannot progress without innovation. It is the sole responsibility of the teachers to create great leaders for tomorrow. The event was also graced by Shri. Narendra Singh Tomar, Honourable Minister, Ministry of Agriculture & Farmers Welfare, Rural Development and Panchayati Raj, Shri. Sanjay Shamrao Dhotre Honourable Minister of State for HRD, Shri. Pratap Chandra Sarangi, Honourable Minister of State for Micro, Small and Medium Enterprises, Shri Anurag Thakur, Honble Minister of State for Finance and Shri. Ram Madhav, National General Secretary, Bhartiya Janata Party. Along with Shri Narendra Singh Tomar, Shri J. M Bala Murugun - Principal Secretary to Governor, Punjab and Shri Amrendra Kumar Sengar - Inspector General, NDRF also shared the dice and motivated the teachers. Overwhelmed with the honest approach of the teachers in the education sector, Shri. Narendra Singh Tomar, Honourable Minister, Ministry of Agriculture & Farmers Welfare, Rural Development and Panchayati Raj said, I hope the teachers continue to contribute towards improving the education system through their noble work. Nation building comes first. Innovative teachers inculcate such moral and human values in their students who play an instrumental role in building a progressive nation. Shri. Rajender Pensiya - Chief Development Officer, Farrukhabad emphasised on creating a joyful learning atmosphere in the classroom and applauded ZIIEI Innovative Pathshaala, an initiative under ZIIEI that focuses on experiential learning atmosphere in the classroom. Speaking at the event, Shri. Sanjay Shamrao Dhotre, Honourable Minister of State for HRD said, Teachers are not just imparting education but are also elevating their learning experience. Knowledge multiplies when we share. It is the responsibility of every generation to pass on the inherited knowledge, culture and values to the next generation. Through initiatives like ZIIEI, we are succeeding in upgrading the education sector. Prof. V. Ramgopal Rao Director, IIT Delhi, present at the occasion, said that innovations is the need of the hour, and as we all need to provide a conducive environment to our students to enable them to become entrepreneurs in life. Shri. Pratap Chandra Sarangi, Honourable Minister of State for Micro, Small and Medium Enterprises also emphasized on the need and importance of innovation in teaching. The honourable minister said, It is an enriching experience to meet more than thousand of innovative teachers. I thank Sri Aurobindo Society for the opportunity. It is important that every individual takes conscious efforts towards building a strong, morally rich society. Teachers are responsible for shaping the future of the children of our country and I congratulate you all for your efforts in transforming education. Shri Mayank Aggarwal, Chief Operating Officer, Rupantar, Sri Aurobindo Society, said that ZIIEI has been able to reach out to the teachers to the remotest corners to the urban areas, and teachers have been provided a first of its kind constructive platform to share their zero-investment innovative ideas. Addressing the teachers at the grand event, Shri Anurag Thakur, Honble Minister of State for Finance said, India has a young population. We need to provide them good education and inculcate moral values in them. Collected efforts of the teachers and students are changing the face of the nation. The young India is true contributor in building a nation. Shri Ram Madhav, National General Secretary, BJP said, Education is an assimilation of character building ideas. Teaching implies right guidance at the right time, not just for the teacher & students but for the entire community. He also appreciated the teachers for their innovations solutions in teaching. Acknowledging the efforts of teachers present at the ceremony, Shri. Ram Madhav also said, The teachers are making an outstanding contribution in the society by infusing and boosting moral values in the education system. Calling teachers as nations pillars Shri. Hrushikesh Senapaty Director, NCERT said that is it a proud moment for the nation, as the teachers are working progressively for creating a innovation based ecosystem. The event witnessed two engaging discussion sessions wherein speakers from education field shared their experiences and need of grassroot innovations. Speaking on Importance of Micro-Innovation in Perspective of Zero-Investment Innovations Shri. G.P Upadhyaya, ACS Education, Sikkim, Shri. A. Anbasru, Secretary Education, Puducherry, Shri Sanjay Awasthi, Member Secretary-NCTE, Shri Prashanth Nair, Managing Director of Kerala Shipping & Inland Navigation Corporation collectively called for more and more active participation of the teachers. They said that low/zero-cost replicable practices developed by the teachers and principals have the potential to contribute in improving the quality of education and create foster better learning outcomes in the students. The session was chaired by Mr. Nitin Bhalla, Head, Outreach & Partnerships, Rupantar, Sri Aurobindo Society. In another set of discussion, based on the topic Open Source Innovation & Challenges for its implementation, Dr. Rajesh Nathani - Advisor to Minister, MHRD, Ms Preeti Hingorani, Vice President, Brand & PR, Cambridge University Press, Shri Narayanan Ramaswami, Partnership Head, Education & Skill Development, KPMG collectively emphasised that shared knowledge and wisdom hold the key for unlocking many education related problems. Thus, platform such as ZIIEI, are providing great opportunity to the teachers to find solutions related to community participation, enrolment, drop-outs etc. This session was shared by Dr. Simmi Mahajan, Head- Quality Assurance, Sri Aurobindo Society, Delhi. ZIIEI Zero-Investment Innovations for Education Initiatives (ZIIEI) has come a long way from its inception. The project is a mass-scale teacher outreach initiative started in 2015 by Sri Aurobindo Society and HDFC Bank. Till date around 2 Million teachers have been oriented towards ZIIEI across all the states and union territories of India. ZIIEI aims to find the scattered, isolated and unrecognised, but effective solutions created by teachers at the grassroot and systematically scale them up to lakhs of schools every year. In the process, teachers are: Sensitised about the critical need for innovations in the Indian state-run schools; Educated about the potential of innovation that requires zero monetary investment; Encouraged to share such best practices freely with the teaching community; and Recognised grandly for their contribution towards improving the quality of education. About Innovative Pathshaala Zero investment innovations to improve syllabus learning outcomes Innovative Pathshaala is the innovation guidelines for the teachers based on the existing school curriculum, where they have been converted into evolving Experiential Learning Concept, completely based on ZIIEI ideas. It is an everyday classroom teaching tool created as an extension of the zero-investment innovative ideas presented by the teachers themselves. Till date more than 15 lakh teachers are using Innovative Pathshaala App on their mobile phones on day to day basis. To View the Image Click on the Link Below: (L-R) Mr. Vijay Poddar - Member Executive, Sri Aurobindo Society; Ms. Ashima Bhat - Group Head, HDFC Bank; Mr. Ramesh Pokhriyal ''Nishank'' Honourable Minister, MHRD; Mr. Pradeep Narang - Chairman, Sri Aurobindo Society; Dr. Satbir Bedi Chairperson, NCTE felicitated 1,000 innovative teachers and launched 35 Innovations Handbook PWR PWR Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI More from Outlook Magazine

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A Power-Packed National Conference and National Award Ceremony for Innovative Teachers - Outlook India

Ask a Delhizen where youre likely to get the best pizzas in Delhi, and youll have a divided house pretty fast. While several normcore people will throw out the one name that everyone tends to (it's on our list) and the self-professed hipsters unearth the two other names that vie for top billing (one of which is also on our list), weve curated 10 places that will bring you a pie to write home about.

You may not see a couple of presumed favourites on this curation, but thats only because popular consensus agreed that theyve depreciated in that special something that made them brilliant over the years or were never worth the hype in the first place. The ones that did make the cut, however, know exactly how to make a pizza pie that deserves both a repeat visit, and repeated Instagram topshots.

Ask a Delhiite where youll get the best pizza in the city, and the answer youll get on loop is most people dont know of it, but Leos. The textured paned windows, wooden benches and warehouse vibe of this Vasant Vihar spot are only part of the draw of this favoured pizzeria. Its their woodfired pizzas, with a crust to die for, buffalo mozzarella and a non-overbearing tomato base, that makes regulars of people. Getting the pepperoni is a non-negotiable.

Address: 28, Basant Lok Market, Vasant Vihar, New Delhi

Phone Number: +91 9821277236

Cost For Two: 1,700 for two people (approx.)

One of the OG pizza spots in the city to do woodfired thin crusts, Amici may have seen a lot of (strong) competition turn up, but it hasn't lost its mojo. Their classic Capricciosa (Italian ham, black olives, artichoke, mushrooms) is still a crowd favourite, as is the Spinach and Goat Cheese, with its divine red wine onions. If youre the dude on a diet whos just trying a slice, they do a mean Smoked Salmon and Avo salad too.

Address: 8, Defence Colony Main Market, Defence Colony, New Delhi

Phone Number: 8, Defence Colony Main Market, Defence Colony, New Delhi

Cost For Two: 1,200 for two people (approx.)

You might think this Qutub veteran is on the list because were besotted by its beautiful outdoor space and Grecian blue and white aesthetic, but ask any real Olive fan, and the the thing theyre likely to have ordered the most is their delicate, elfin pizzas. The German Tarte Flambe Pizza, with its crumbled sausages, bacon rashers and sour cream, is easily top of the charts. Pair with a gin cocktail for best results.

Address: 6-8, Kalka Das Marg, Mehrauli, New Delhi

Phone Number:+91 9810235472; 011 29574444

Cost For Two: 4,000 for two people (approx.)

Possibly still quite undiscovered except for that series of pizza fanatics that go beyond the places that have become pop culture icons, EVOO (which stands for Extra Virgin Olive Oil). We love this sweet, happily sunlit place with its chalkboard specials and its Evoo-drizzled pies. While the pasta might leave a little to be desired, the Pistachio & Pesto pizza (rosemary, green olives and ricotta, best with an add on of bacon chips) and Pork Calabrioan pizza (smoked pork calabrian sausage, pancetta) more than make up for it.

Address: B-2, Ground Floor, Shivalik, Near Sri Aurobindo College, Geetanjali Pancheel Road, Geetanjali Enclave, New Delhi

Phone Number: +91 8368428737

011 41662030

Cost For Two: 1,500 for two people (approx.)

To curate this list without including the original big daddy of traditional Italian would just be shoddy research. Head to this nuanced restaurant if the rendition youre after is more haute cuisine than happy comfort. The Pizza Emiliana (parma ham, rucola, parmesan) ends up in a photo finish for the best on the list with the Quatro Formaggi (mozzarella, parmesan, smoked scamorza, blue cheese).

Address: Hyatt Regency, Bhikaji Cama Place, New Delhi

Phone Number: 011 26791234

Cost For Two: 4,500 for two people (approx.)

Sure, they might be delivery only but Napoli manages to zip over a quality pizza to South Delhi diners swiftly enough to make it a go-to for Netflix and actual chill day. Their base is comforting, they never skimp on toppingsorder a Meat Lovers pizza and theyll throw on enough bacon and pepperoni to feed a small countryand they almost always turn up hot. Their calzones are both ricotta-full and wonderful, but be prepared to make an absolute mess when you eat them.

Address: Delivers In and around Safdarjung

Phone Number: 011 40517365

Cost For Two: 800 for two people (approx.)

It would be remiss to not mention this iconic eatery on our list of best pizzaand, in this city, asking to be crucified. The charming, movie-themed restaurant does their Italian a touch more cheesily than the more authentic restaurants, but we love them for it. Their garlic salami and black olive pizza is fantastic, but were fans of the four-fourths pizza that divides four meats into two slices eachbasically giving you four types of pizza slices in the same pie. A Belgian chocolate shake with it completes the indulgence.

Address: 68-A, Khan Market, New Delhi

Phone Number: 011 41757588

Cost For Two: 1,500 for two people (approx.)

Youd imagine a jack of all trades like The Oberois all-day diner wouldnt make it to a best-of-the-best- list, but they surprise us every time. The thin, light and beautifully done pizzas at 360 definitely make the cut for the best in the cityin particular the Tricolore (spinach, feta, sun dried tomatoes, pine nuts) and Burrata and Arugula.

Address: The Oberoi, Dr. Zakir Hussain Marg, New Delhi

Phone Number: 011 24363030

Cost For Two: 5,000 for two people (approx.)

From its fat cursive font at the door to its warm wooden interiors and triangular trusses, everything about Fat Lulus is comforting and easy. The perfect space to kick back with a thick shake (Nutella and Salted Caramel, anyone) and a pie, this will always be in our top spots for its brilliant Polop pizza (Katsu chicken in teriyaki with sesame seeds) and Butter Chicken Masala za. A side of their Pomme Frites doesnt hurt if youre okay to carbo-load.

Address: C 7, Commercial Complex, SDA Market, SDA, New Delhi

Phone Number: +91 9599288395

Cost For Two: 800 for two people (approx.)

Sure, this place is already on our list of most romantic places in the city, but it isnt too focussed on creating a quality date night vibe to forget how to make a quality pizza pie. While we definitely love the intimate atmosphere, the wood-fired pizza is definitely one of their big sells. Try the A La Spagnola (Spanish chorizo, gorgonzola) if youre a meat-eater, or the Basilica (basil pesto, artichoke hearts, French goat cheese) if youd rather keep it green.

Address: 10/48, Malcha Marg Shopping Complex, Chanakyapuri, New Delhi

Phone Number: +91 9810877553

Cost For Two: 2,400 for two people (approx.)

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Best pizzas in Delhi: 10 restaurants that serve the most authentic pizzas in the capital - GQ India

Maurie Backman, The Motley Fool Published 7:00 a.m. ET March 4, 2020 | Updated 9:19 a.m. ET March 4, 2020

You can retire on just $30,000 a year at these destinations outside of the U.S. USA TODAY

Many people dream of retiring early, or at least on time.

But if you kick off that milestone unprepared, you'll regret pulling the trigger. And while delaying retirement may not be something you want to do, it's something you'll have to do if these three scenarios apply to you.

You need independent savings to live comfortably in retirement for one big reason: Social Security will replace only about 40% of the income you're used to, and that assumes you're an average earner. If you're an above-average earner, it will replace even less. Meanwhile, most seniors need 70% to 80% of their former paycheck to enjoy life and keep up with their bills, and retirement savings are generally what's needed to fill in that gap.

As a general rule of thumb, it's wise to enter retirement with about 10 times your ending salary socked away in an IRA or 401(k). If your current savings balance looks nothing like that, then you'll need to look at postponing retirement until you're able to get closer.

Say you're 65 years old and are itching to retire, but you currently earn $75,000 a year and have only $500,000 socked away. Though half a million dollars is certainly a respectable sum, it means you're still worlds away from the $750,000 should you be targeting. If that's the case, postponing retirement until age 70 will give you five more years to build wealth. And if you max out a 401(k) at today's annual limit for older workers $26,000 for five years, you'll wind up with a bit more than $750,000 if your investments in that account generate a relatively conservative 5% average annual return during that time.

Social Security: Should you claim at 66 years old? Here's how to tell

Taxes: Here are 3 ways they could be sabotaging your retirement income

Once you retire and move over to a fixed income, you may find that you're forced to cut back on certain expenses just to make ends meet. It therefore stands to reason that entering retirement with debt payments that monopolize your limited income is not a good thing to do at all.

If you're carrying debt, it pays to eliminate it before you retire, and you can do so by cutting back on expenses in your current budget or getting a second job to boost your earnings. This especially holds true if you're carrying credit card debt, which is generally considered the least healthy kind to have.

That said, if the only type of debt you have is mortgage debt, you don't necessarily need to postpone retirement until your home is paid off. Mortgage debt is regarded as one of the healthiest types of debt out there, and the interest you pay on your home loan can serve as a lucrative tax break.

Retirees are 40% more likely than workers to suffer from depression. The reason? They often find themselves hopelessly bored once they stop having a job to go to.

If you have no idea how you'll spend your days in retirement, then you're better off continuing to work until you figure it out. And if you know what you want to do with your time but can't afford it (say, you're hoping to travel extensively), work a few more years and boost your savings to make your goals more attainable. If you decide to retire without having a good sense of how you'll fill your days, you may find that your mental and physical health quickly start to deteriorate.

Postponing retirement may seem like a terrible thing to have to do, but remember, Americans are living longer these days, and if you push yourself to work until your late 60s or early 70s, there's a good chance you'll still enjoy a solid 20 years of retirement, if not more. And that way, you'll retire at a time when you're financially and emotionally ready.

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The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY.

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If these 3 things apply to you, you'll have to postpone retirement - USA TODAY

2. Set a clear savings goal

Besides healthcare expenses, you'll need to supplement Social Security. It's important to have an idea of how much you'll need saved. There are multiple approaches to set a retirement savings goal, but one of the simplest is to figure out what your final salary is likely to be, and assume you'll need 10 times that amount.

With an idea of the amount you need to save, online calculators can tell you how much to invest each month to achieve your goal.

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Set this as the minimum monthly contribution. You can increase it later if your salary goes up unexpectedly or put aside some extra if you get a bonus. Just ensure your baseline savings will enable you to hit your target.

You'll probably need to do some budgeting to afford the necessary minimum contribution. This should be a priority, so you may need to cut spending in other areas.

You'll want to invest your retirement money in an account that provides tax breaks, such as a 401(k) or an IRA. By taking advantage of tax savings, you can more easily hit your savings goals since your taxable income won't be reduced as much.

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5 Retirement Moves to Make Today That Your Future Self Will Thank You for - Elko Daily Free Press

Heres a quick calculation that can show you whether your finances are ready for you to retire: Take your last 12 months of spending and multiply it by 25. If your investment portfolio exceeds the product, youve crossed the threshold of financial freedom. If not, keep socking away until you get there.

This quick math is an offshoot of the 4% rule, a centerpiece of conversations between people on the cusp of retirement and their financial planners. If a potential retiree has assets of $1 million, they can retire safely if their annual spending is less than $40,000 a year (i.e $1 million x 4% = $40,000).

Two decades ago, thats all a 65-year-old needed to think about before cashing in on their hard-earned social security and pensions. But today, retirement itself has become more fickle, the result of fraying social safety nets, the changing employee-employer contract, and spillover effects from the global financial crisis; according to Gallup the average projected retirement age is 66, up from 60 in the 1990s.

Whats more, the glory of retirement is no longer the exclusive domain of the twilight years. Now, some people in their 30s and 40s aspire to spend most of their lives not working, and need their finances to be up to the task. This is the appeal of the Financial Independence, Retire Early (FIRE) movement, whose disciples range from college kids to Google engineers, unified in their aim to save at least 50% of their income to reclaim their retirement destiny.

So should you base your anticipated retirement on the 4% rule? Does it matter whether youre planning to retire when youre 35 or 65? What are the assumptions that go into the rule and where could you get tripped up?

A typical retirement account is comprised of financial assets such as stocks, bonds, mutual funds, and bank deposits. These financial assets are held primarily in 401(k)s and brokerage accounts. Over the course of a persons career, the theory holds, both pools of assets should growfirst from additional contributions (such as automatic deductions into your 401(k)retirement account), and second from the increase in their value (i.e. stock prices going up).

If all goes according to plan, once you leave the workforce, you can live off the interest and dividends these assets produce, or you can sell them off little by little as a substitute for the income you once earned.

And heres where the 4% rule kicks in. Lets walk through the math:

You can also flip the calculation around by taking something that you knowyour annual spendingand seeing how much money youd need today (i.e. your hypothetical portfolio) to be able to retire. Heres the calculation in reverse:

The 4% rule is officially known as the safe withdrawal rate (SWR). First defined in the 1994 article Determining withdrawal rates using historical data,financial planner Bill Bengen used historical data to show that a retiree would be safe (i.e. they would not outlive their savings, according to actuarial estimates of life expectancies) if they spent no more than 4.2% of their portfolio each year.

Three professorsPhilip L. Cooley, Carl M. Hubbard, and Daniel T. Walzfrom Trinity University corroborated Bengens findings. In 1998, the trio published a study that used slightly different portfolios (different percentages of stocks and bonds, or other assumptions about a persons longevity) to arrive at a similar conclusion: a 4% withdrawal rate gives you a 95% chance of being safe.

Twenty years later, the Trinity Study, the 4% rule, and safe withdrawal rates are used interchangeably among people in retirement and those looking to retire. Mr. Money Mustache (ne Peter Adeney), the FIRE movements de facto chief evangelist, argues in a blog post: Far from being a risky proposition, assuming 4% safe withdrawal rate is actually the most conservative method of retirement saving I could possibly recommend.

The studies behind the 4% rule assume that your retirement will last for up to 30 years. If you retire in your early 60s and live to about 80, that feels like a safe bet. But it can be hard to predict how long youll live; though the average life expectancy is 76 for men and 81 for women in the US, we all know (or have at least heard of) exceptions who have lived well into into their 90s. For those privileged enough to live extra long lives, the rule would fail, possibly putting their financial stability at risk.

Now imagine looking to FIRE in your 30s. Simply because of their age, younger folks have a higher likelihood of reaping the benefits of medical breakthroughs that could extend life expectancies. How could you project your future expenses if you become the first person to live to age 150?

Another critique of the 4% rule is that life is messy, complicated, and unpredictable. No matter your age, its simply unrealistic to assume that ones spending stays constant over time. Add to that the variability of healthcare costsone researcher found that someone earning an average wage in 1958 had to work nearly 15 days to cover a particular medical expense, while a worker in 2012 would need 58 days worth of wagesand it seems absurd to assume that one number could so much of your future financial livelihood. Furthermore, the size and long-term viability of entitlement programs such as Medicare and social security are not a guarantee. Even for people retiring now, relying too heavily on these programs to take care of you in retirement is no longer the safe bet it once was.

Rising medical bills are part of why retirement can be so expensive. In the 2013 paper Estimating the true cost of retirement, David Blanchett, the head of retirement research atthe financial research firm Morningstar, observed that there appears to be a retirement spending smile whereby the expenditures actually decrease in real terms for retirees throughout retirement and then increase toward the end driven by a significant increase in relative healthcare spending exposures.

But if youre looking to retire in your 30s and kids are a part of your future, the dramatic uptick in costs for things like education and healthcare might not leave you smiling at all. In 2017, the US Department of Agriculture estimated the cost of raising a child at $233,610excluding the cost of education (private college cost an average of $35,676 per year in 2019). Conversely, pursuing a DINK (dual income, no kids) lifestyle wouldmake your spending more predictable.

If you have that gnawing feeling that the viability of the 4% rule is left over from an era in which we could count on systems not to fail, you wouldnt be alone. Professional investors, academics, and policy-makers have been debating if the combination of the 2008financial crisis,along withglobal central banks aggressive monetary policy (focused on keeping interest rates historically low to stimulate economic growth) has permanently changed the future return prospects of both stocks and bonds.

One of the anchors of any retirement portfolio is the US Treasury bond, which pays interest and principal (i.e. the amount you invested in the Treasury bond)with the backing of the US government. The bonds have the highest credit rating of any investment in the world, which means the chances of not getting your payments are extremely low. That means theyre a great source of income for retirees.

When Bengen introduced the 4% rule 25 years ago, a three-month US government bond paid interest at a rate of 4% which means you could pretty much guarantee the 4% needed for the rule to hold, with low risk of losing your invested money (as it would require the US government go bankrupt). Therefore, your spending could be easily covered by a very low risk investment. Today, that same bond pays a paltry 0.04%, forcing retirees to invest in far riskier instruments to clear the 4% threshold.

Those risky investments usually take the form of stocks, which zig, zag, and occasionally crash. Therefore, the timing of your retirement also impacts the validity of the 4% rule. If you started your retirement the day before the global financial crisis, youd be hit with a double whammy: Youd have to sell investments that have lost money, with no chance for them to recover their value. Investors refer to this as sequencing riskthe sequence of your returns affects your outcomes.

In their 2013 paper The 4 Percent Rule is Not Safe in a Low-Yield World, Blanchett, alongside retirement researchers Michael Finke and Wade Pfau, argue that the success of the 4% rule in the US may be a historical anomaly and it cannot be treated as a safe initial withdrawal rate in todays low interest rate environment. Today, this may be even more true.

Regardless of your age, planning your retirement around a single number is a risky proposition. The 4% rule is a great starting point, but assessing the likelihood of not outliving your retirement funds requires many more assumptions and calculations, then evaluating these assumptions under extreme circumstances (i.e. you live 10 years longer than the average life expectancy).

Plus, as you look further into the future, predictions begin losing their accuracy. Its quite easy for Tim Cook to predict how many iPhones hell sell tomorrow. But how about in ten years? Cook could probably still make an educated guess by extrapolating from current trends, but wed all acknowledge that many unknowns could dictate the final outcome. Humans, what with their surprise expenses, are even less predictable.

For FIREees, the 4% rule is a decent starting point, but it shouldnt be where their retirement preparation ends. So what makes Peter Adeney (aka Mr. Money Mustache), who retired at age 30 with a family to support, come down so confident in the the 4% rule? In his post Its all about the safety margin, Adney argues that FIRE itself has given him the flexibility and resilience to survive any potential negative financial and spending surprises arising from retiring early.

Adney believes that retiring at a young age afforded him the option to change his spending habits, such as moving to a smaller house or take fewer trips, or even re-enter the workforce to earn some additional income. There could also be positive surprises, as Adney doesnt factor social security into his 4% calculation. Should it still exist in 30 years, it would be all gravy for his family.

To anybody evaluating their retirement, the 4% rule is a decent starting point, but fails to paint the entire picture. But whether youre four or forty years from retirement, its a quick calculation that can determine if youre on the right path.

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The problem with using the 4% rule to plan for retirement Quartz - Quartz

These days, a large number of workers are exiting the workforce extremely early -- as early as age 40, in fact. Retiring at 40 is far from easy, but it is possible. You just need to commit to that goal -- and make sure the sacrifice to get there is worth it.

If your goal is to leave the workforce by age 40, you'll need to start saving for retirement the moment you start collecting a paycheck. You'll also need to house your savings strategically to avoid being penalized for tapping your nest egg prematurely.

Though there are tax benefits to funding a 401(k) or IRA, in exchange, the IRS wants your money left alone until you turn 59 1/2. That's fine for most retirees, but it's not going to work if your goal is to stop working by the time you turn 40. Therefore, think about where you'll put your money. A traditional brokerage account may be your best bet, because that way, you'll get to invest your money to grow it into a larger sum, but you'll also maintain complete flexibility over your savings.

IMAGE SOURCE: GETTY IMAGES.

Now, let's talk about how much you need to save and invest to make retiring by age 40 possible. First, you'll have to figure out how much income you'll need to pay your basic living costs on a yearly basis. You'll also need to figure out what you'll do with your time once you retire at such a young age, and how much it will cost.

When you run those numbers, keep in mind that you'll need to pay for private health insurance or otherwise run the risks that come with not having coverage (a route that's certainly not recommended). It will be years before Medicare eligibility kicks in, so factor that expense into your budget.

Once you determine how much annual income you'll need if you were to retire at 40, you'll have to save for it. For a regular retirement -- one that begins in your 60s -- saving 15% to 20% of your earnings may suffice. For a super early retirement, you may need to save 50% of your income or more. But if you're willing to live well below your means throughout your working years, you could manage to sock away quite a large sum.

In fact, let's assume you save and invest aggressively between the ages of 22 and 40, so much so that your portfolio delivers an average yearly 8% return on your money (that's just a touch below the stock market's average). Here's what you stand to accumulate (note that the figures below are very slightly rounded upward):

Monthly Savings Amount

Total Accumulated Over 18 Years at an 8% Average Annual Return

$2,000

$900,000

$2,500

$1.125 million

$3,000

$1.35 million

$3,500

$1.575 million

$4,000

$1.8 million

Data source: author.

These numbers may paint an encouraging picture, but here are a couple of things to keep in mind:

Clearly, it's possible to exit the workforce by the time your 40thbirthday rolls around. But whether doing so is worth the sacrifice at hand is a different story.

Say you do need $1.8 million to retire at 40 and live comfortably, and you earn $100,000 a year. To do so would mean parting with more than half of your post-tax salary (remember, there are no tax breaks associated with a traditional brokerage account). That could mean never taking vacations, spending little to no money on leisure, and forcing yourself to live in a cramped studio apartment.

Maybe you're willing to do these things to retire when you want to, and that's totally fine. But if you don't want to go to such major extremes, consider a compromise. That could involve retiring a bit later in life but at an age that's still considered early -- say, 50 or 55. Or, it could mean switching careers at 40 so you're doing something that pays a lot less, but brings you a lot more satisfaction. There are different options to play around with, so your takeaway here is that while retiring by 40 is something that can be done, it may be not be the best choice for you.

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Is It Possible to Retire by 40? - The Motley Fool

Is early retirement a goal of yours? It's something many people strive for. But retiring well ahead of your peers requires lots of planning and even a bit of sacrifice.

The good news? If you commit to that goal early on, it's more than doable, especially if you follow these three steps.

To retire early, you'll need to save money. And a good way to scrounge up that money is to live below your means. To that end, it helps to follow a budget -- one that gives you enough money to pay for essentials and enjoy modest luxuries but also ensures that you're carving out plenty of money for savings month after month.

If you're not used to following a budget, setting one up is easy. Open a spreadsheet and list your monthly expenses. Then, comb through your bank and credit card statements to see what those expenses typically cost you.

Add up your total monthly spending and compare that number to your earnings. If you have plenty of room left over to save money, you're golden. If not, you'll need to rethink some of your expenses so you're consistently able to sock money away for the future.

IMAGE SOURCE: GETTY IMAGES.

You're probably aware that debt is generally an unpleasant thing to have. But the more of it you rack up, the more money you'll throw away on interest -- money you could otherwise be putting into an IRA or 401(k) plan.

Now to be clear, if there's one type of debt you shouldn't shy away from, it's mortgage debt. Most people can't afford to buy a home outright, and with mortgage interest rates being relatively low, you're actually better off financing a home than putting down its entire purchase price and losing the opportunity to invest those funds. But aside from your mortgage and maybe a vehicle, you should aim to be perpetually debt-free.

The money you save each month by living modestly and steering clear of debt can go directly into retirement savings, and the more you're able to set aside month after month, the more feasible early retirement will be. But if you really want to increase your chances of getting to leave the workforce early, you'll need to invest your nest egg aggressively to fuel its growth. For the most part, that means loading up on stocks, especially when you're young.

If you go heavy on stocks so that your retirement portfolio generates an average annual 7% return (which is actually a few percentage points below the stock market's average), and you manage to sock away $600 a month over 35 years, you'll wind up with $995,000. That could very well be enough to leave the workforce a number of years early.

But watch what happens when you play it safe in your portfolio by focusing more on less lucrative investments like bonds. If you only see a 4% return in your retirement account, you'll wind up with $530,000, assuming that same monthly investment and time frame. That's not a small amount of money per se, but it may not be enough to let you leave the workforce several years ahead of schedule.

Though many people dream of early retirement, it doesn't always work out. To increase your chances of getting to end your career when you want to, live on a strict budget that allows you to save consistently, stay away from debt, and invest your nest egg wisely. It won't always be easy, but in the end, it will be well worth the effort.

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3 Things You Need to Do to Retire Early - The Motley Fool