What did the budget have in store for the Green Hydrogen Industry?

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What did the budget have in store for the Green Hydrogen Industry?

What is the Green Hydrogen Mission? The objective of the Green Hydrogen Mission is to make India the Global Hub for the production, usage, and export of Green Hydrogen and its derivatives. This will contribute to India’s aim to become self-reliant through clean energy. The Mission will also lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen. You can check out the entire explainer here. What is Green Hydrogen, and how is it obtained? This technology is based on hydrogen generation — a universal, light, …

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Cut-Off Timing Rules for Mutual Funds Transactions: Why You Need to Know Them

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Cut-Off Timing Rules for Mutual Funds Transactions: Why You Need to Know Them

In recent years, mutual fund investments have become increasingly popular among Indian investors. The flexibility, diversity, and potential for higher returns that mutual funds offer have made them a go-to investment option for many. One of the reasons for this growth in popularity is the increased awareness and education about mutual funds among the general public. Many investors now understand the benefits of diversifying their portfolio through mutual funds, which can mitigate risk and generate higher returns. Additionally, the availability of online platforms and mobile apps for investing in mutual funds has made it easier for individuals to access and …

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Don’t Leave Your Child’s Education to Chance: A Guide to Planning and Investing

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Don't Leave Your Child's Education to Chance: A Guide to Planning and Investing

Every parent wants to give their child the best start in life; a solid education is a fundamental part of that. Planning for a child’s education can be overwhelming and confusing, with many options and decisions to make. And financing is a very crucial part of the various decisions you are likely to make as your child grows up. In this blog, we’ll explore the importance of education planning, how you can plan for your child’s education, and the various vehicles available to help you fund it. The importance of planning Some crucial points on why planning your child’s education …

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Is Your Money Safe in a Fixed Deposit? Here’s What You Need to Know

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Is Your Money Safe in a Fixed Deposit? Here's What You Need to Know

Fixed deposits have long been a popular investment choice for Indians. It is commonly used as a reliable way of generating regular income or the best place for stashing that extra cash. Cash that could be used if anything untoward happens or for the “big” expenses. FDs offer a secure way to save and grow your money, with the benefit of potentially higher returns than a traditional savings account. Recent events in the banking space, like in Yes Bank, PMC, and DHFL, also have investors questioning the safety of their money in a fixed deposit. Being the common investment choice …

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কীভাবে মুদ্রাস্ফীতির হাত থেকে সম্পদকে রক্ষা করবেন

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কীভাবে মুদ্রাস্ফীতির হাত থেকে সম্পদকে রক্ষা করবেন

মুদ্রাস্ফীতি আজ সারা বিশ্ব জুড়ে মানুষের উদ্বেগের বিষয়। কারণ মুদ্রাস্ফীতি সম্পদের ক্রয়ক্ষমতাকে কমিয়ে দেয়। সম্পদ রক্ষার প্রয়োজনের কথা ভেবে মানুষ প্রতিনিয়ত মুদ্রাস্ফীতির বিরুদ্ধে লড়াইয়ের প্রচেষ্টা চালিয়ে যাচ্ছে। এক সময় ছিল বিনিময় প্রথা। মানুষ নিজেদের উৎপাদন করা খাদ্যশস্য ও অন্যান্য সামগ্রীর বিনিময়ে তাদের প্রয়োজনীয় খাদ্য ও বস্তুসামগ্রী জোগাড় করত। সভ্যতার এগিয়ে চলার সঙ্গে সঙ্গে সেই প্রথা বন্ধ হয়ে বিনিময়ের মাধ্যম হিসাবে চালু হয় মুদ্রা । আজ তা কড়ি-সোনা-রূপা-তামার পথ পার হয়ে সর্বজনগ্রাহ্য ছাপানো মুদ্রা। সম্পদের মধ্যে সবথেকে লিক্যুইড অর্থাৎ বিনিময়যোগ্য সম্পদ হল অর্থ। অর্থের মূল্য তার ক্রয়ক্ষমতা। আর একটা নির্দিষ্ট পরিমাণ অর্থের বিনিময়ে যখন আগের তুলনায় কম পরিমাণ পণ্য বা পরিষেবা …

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The 3 most important decisions you can make for your finances in 2023

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The 3 most important decisions you can make for your finances in 2023

A lot of things can be on your mind on the eve of the New Year. Thank the internet and the media for flooding hundreds of things you can change and resolutions you can take. It can surely be motivating. To keep things simple and not overburden your mind, we have decided to list just three simple things you can do better about your finance. Yes, just three simple things to start with and make a material change in your financial life. Check your liquidity: How you will handle a financial emergency can say a lot about your financial fitness. …

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5 Terms You Must Know About Your Health Insurance

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5 Terms You Must Know About Your Health Insurance

Health insurance is the basic foundation of a sound financial plan. A health insurance policy can help you cover the costs of medical surgeries, expenses, and other procedures. With a comprehensive health policy in place, your overall planning can largely stay unaffected as unexpected medical bills can be covered or reimbursed by health policies. With the rising medical inflation, the cost of surgeries and procedures in India is rising. Hence, health coverage is a necessary step you should be taking toward your finances. Moreover, buying a policy isn’t sufficient if you do not give the time to understand it. Knowing …

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How to store your financial documents safely?

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How to store your financial documents safely?

To store or not to store is the big question…. that everyone, especially the earning members of our society, has to face regularly to keep their records correctly updated for future reference. Often, we misplace some essential documents when we require them the most or cannot remember where we have stored them, which results in stress and anxiety. As we have seen from our childhood, our parents and grandparents used to (still do!) have these big steel almirahs (Godrej). It was used to store various files and folders– loads of papers, small, big, and large ones. Once a year, they …

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When should one buy a life cover?

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When should one buy a life cover?

Have you bought life insurance yet? If yes, that sounds wonderful. You have made the best decision of your life. But why did you get it? Did you buy the policy because you were told it is the best thing one should do or something one should get early? Or was it the tax savings part that persuaded you? If not any of them, was it the “returns”? I hope your decision was not based on “returns” or tax savings. Life insurance is not and shouldn’t be bought for those reasons ever. In this piece, we shall see why you …

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Three Investment Tips for Young People

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Three Investment Tips for Young People

With the increasing reach and volume of information readily available online, it isn’t very hard for youngsters to keep pace with the various investment opportunities available in the market. And even with the uninitiated, a general awareness of the benefits of investing or keeping a part of income aside is likely to be found. Contrary to popular belief, investing isn’t just about how many times you multiply your wealth or the colossal returns you are able to generate. Those are important considerations for any investor, but your investing experience is most likely to improve if you invest in yourself, understand debt better, …

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Where should you park your emergency fund?

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Where should you park your emergency fund?

When you plan your goals or lay out your financial plan, it is essential that you consider the place for an emergency fund in it. Unexpected expenses and job losses can put severe pressure on your existing budget, which can be avoided by having a “Plan B” in place as we learned in this blog. Although we discussed what an emergency fund is and its need, the important question remained as to where one should park it. When parking and emergency fund you should keep in mind that the returns are secondary. You should look for easy accessibility, i.e., liquidity and …

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রিটায়ারমেন্ট প্ল্যানিং – স্বপ্ন নয়, চরম বাস্তব!

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রিটায়ারমেন্ট প্ল্যানিং – স্বপ্ন নয়, চরম বাস্তব!

যাঁদের বয়স কম, বা যাঁরা সরাসরি চাকুরিজীবি নন, কোনও পেশায় আছেন বা ব্যবসা করেন, তাঁদের কাছে ‘রিটায়ারমেন্ট প্ল্যানিং’ ব্যাপারটা বিশেষ গুরুত্ব পায় না! যদিও চাকুরিজীবিদের প্রথম থেকে বাধ্যতামূলকভাবে অবসরের লক্ষ্যে কিছু অর্থ জমাতে হয় – প্রভিডেন্ট ফান্ড বা ন্যাশনাল পেনশন সিস্টেমের মাধ্যমে। আমরা সবাই জানি, জীবনের শেষ দিন পর্যন্ত আমরা কাজ করে চলতে পারব না, অবসর চরম সত্যগুলোর একটা। তবু, বিষয়টিকে অনেকক্ষেত্রেই আমরা এড়িয়ে চলি, অন্তত ততদিন, যতদিন না অবসর এসে দরজায় কড়া নাড়ছে! অন্যান্য লক্ষ্য – যেমন, নতুন বাড়ি কেনা, ছেলেমেয়েদের পড়াশোনা কিংবা বিয়ের খরচ সম্পর্কে পরিকল্পনা থাকলেও জীবনের সবচেয়ে চ্যালেঞ্জিং সময় সম্পর্কে সব সময়ই পাশ কাটিয়ে যাই । …

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