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Personal Accident Cover: Why You Need It and How It Can Protect You from Financial Burdens

March 25th, 2023admin0 Comments

Like all of us, Nihar had so many dreams. But he dreamt not just about himself. He dreamt of seeing his loved ones happy, safe, and secure forever. Alas, all his dreams came crashing down when he met with a road accident a year ago. He lost his job. Now, Nihar has used up all his health insurance coverage and bank balance. He can no longer provide the best of everything to his loved ones. The smile on their faces is no longer there. “If only I had a personal accident cover,” – is what Nihar says to himself these …

Getting The Most Out Of Your Interest Rate

March 18th, 2023admin0 Comments

“To be, or not to be” – Shakespeare’s Hamlet contemplated this in the Elizabethan era. Cut to the present era of consumerism – he would have definitely been pondering on whether “to borrow or to save” before purchasing his 3BHK apartment or the newest model of Mercedes-Benz! The common factor between the two extremities of borrowing and saving is the Interest Rate, a force that works FOR you when you SAVE money and AGAINST you when you BORROW. What are Interest Rates? In its simplest form, interest rates are the costs of borrowing money, usually expressed as a percentage of …

The Retirement Planning Secrets No One Tells You About

March 11th, 2023admin0 Comments

Retirement is a significant milestone in life that many people look forward to. However, it can also be a source of stress and uncertainty if you’re not prepared for it. That’s why it’s essential to know the retirement secrets that can help you make the most of your golden years. In this blog post, we will discuss the top five retirement secrets that you aren’t supposed to know about. Retirement can be a stressful and uncertain time if you’re not prepared for it. Knowing these retirement secrets, you can be better prepared for your golden years. Thank you for taking …

Holiday Planning Is All About Planning Your Cash Flow Wisely

March 4th, 2023admin0 Comments

Life is all about experiences, whether good or bad, and traveling experiences are usually the good ones; at times, adventurous too! If you are a person who believes traveling is therapeutic and can help you rejuvenate, then this article is for you. Whether you are traveling solo or with your family or friends, planning your holidays is important to avoid last-minute mess. While most people love to travel, not all can do it that frequently because the money often becomes a constraint – when not planned properly. Therefore, it is important to plan your cash flows well in advance so …

Education Loans: A Smart Investment or a Debt Trap?

February 25th, 2023admin0 Comments

Pursuing higher education is expensive, and education loans have become a popular way to finance it. However, it is essential to consider the pros and cons of taking an education loan before deciding. In this blog, we will discuss the advantages and disadvantages of education loans and help you decide if it’s the right choice for you. What is an Education Loan? An education loan is a type of loan that helps students finance their education expenses, including tuition fees, accommodation, books, and other related expenses. Education loans can be availed from various financial institutions, including banks, NBFCs, and the …

Compound interest is the eighth wonder of the world!

February 18th, 2023admin0 Comments

Compound interest accelerates your investments’ growth over time, along with balance expansion. It’s a tool that helps your principal grow fast as your interest earns interest, i.e., by adding the earned interest back into your principal balance and making interest on that. The growth of one’s investment balance would accelerate over time as one earns interest on an increasing basis. Numerous additional alternative intervals can be used in addition to the frequently used annually, quarterly, monthly, and daily compounding periods. The more frequently interest is compounded, the more rapidly your wealth grows over Time. Simple Interest vs. Compound Interest Simple interest and …

Bioethanol Industry and the Union Budget

February 16th, 2023admin0 Comments

Recently, the union cabinet approved amendments to the National Policy on Biofuels to advance the date by which fuel companies have to increase the percentage of ethanol in petrol to 20% from 2030 to 2025. Ethanol, or ethyl alcohol, is a hydrocarbon. When burnt, it can generate heat and power engines. The use of ethanol as a fuel for internal combustion engines is beneficial due to its environmental benefits (fewer emissions) and long-term economic advantages over fossil fuels. It can immensely help a country like ours which is heavily dependent on the import of fossil fuels. The policy of introducing …

Healthcare and the Union Budget

February 15th, 2023admin0 Comments

The 2023-24 budget incorporated some fundamental changes in the healthcare industry which are required to transform the sector. The Government has allocated a total of Rs. 89,155 crores in the 2023-24 union budget for the health sector. This allocation was an increase of around 13% over Rs. 79,145 crores allocated in the 2022-23 union budget. Out of the total planned healthcare expenditure in India amounting to Rs. 89,155 Crore, the Department of Health and Family Welfare would receive Rs. 86,175 Crore and the Department of Health Research would receive Rs. 2,980 Crore. Some Crucial changes announced for the healthcare industry: …

Millet Industry and the Union Budget

February 14th, 2023admin0 Comments

For promotions and production of millets, the Indian government is working towards making India a global hub of Shree Anna. Shree Anna is another term for millets that was used by the finance minister and includes a variety of grains like Jowar, Ragi, Bajra, Srikut, Ramdana, Kangni, Kutki, Kodo, Cheena, and Sama. Millets are a group of small-seeded grasses that are cultivated and consumed as a staple food. The global market for millets is relatively small compared to other cereal crops such as wheat, rice, and corn. However, millets are gaining popularity due to their nutritional value, gluten-free nature, and …

Urban Infrastructure and the Union Budget

February 13th, 2023admin0 Comments

The union budget announced a capital outlay for infrastructure at INR10 lakh crore (3.3% of GDP). Significant urban infrastructure expenditures planned in the infrastructure and development budget 2023 have a multiplier effect across sectors and set a strong footing for resilient economic growth. Further, a dedicated amount of INR 10,000 crore per annum has been allocated through urban infra-development funds for tier II and tier III cities, which will result in quality urban infrastructure and a higher standard of living for citizens. This will also translate into higher demand for housing and commercial real estate. The urban infrastructure comprises drinking water, …

Indian Railways and the Union Budget

February 11th, 2023admin0 Comments

Indian Railways is set to see a record capital expenditure (CAPEX) of Rs 2.6 trillion in the fiscal year 2023-24 (FY24). As you know, the railway budget has been merged with the Union Budget, this announcement in the Budget on February 1 would give a push to the massive infrastructure expansion lined up, and the government’s share would contribute around Rs 2.4 trillion to this — the highest ever. “This year is the highest ever outlay in the history of Railways — almost nine times the outlay made in 2013-14,’ the finance minister said. The Railways is targeting an operating ratio …

Drone and the Union Budget

February 10th, 2023admin0 Comments

Announcing the Pradhan Mantri Kausal Vikas Yojana 4.0, the Government announced to train lakhs of Indian youngsters in the next three years to enable them to take up industry-relevant skill training that will help them in securing a better livelihood. The scheme includes new-age courses for industry 4.0 in emerging areas like drones. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a scheme of the Ministry of Skill Development & Entrepreneurship (MSDE) implemented by the National Skill Development Corporation. Drones stocks in NSE and BSE are something that should be kept a close eye on after this development. In the last …

EV Industry and the Union Budget

February 9th, 2023admin0 Comments

The Electric Vehicle (EV) industry got the much-needed impetus in the union budget. In the Government’s push for green mobility, the customs duty exemption has been extended to the import of capital goods and machinery required to manufacture lithium-ion (Li-ion) cells for batteries used in EVs. This can help the domestic players boost their manufacturing capabilities, make the market competitive, reduce vehicle costs, increase demand, and make the overall EV industry more efficient. This development is sure to boost EV stocks in India. There are many such stocks in the NSE and BSE that can turn out to be multi-baggers …

5G and the Union Budget

February 8th, 2023admin0 Comments

The union budget had focused on realizing new opportunities, business models, and employment potential from the 5G technology. In that direction, the Government has declared the construction of 100 5G labs. The labs will focus on developing applications for use in areas such as smart classrooms, precision farming, intelligent transport systems, and healthcare. 5G is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network designed to connect virtually everyone, including machines, objects, and devices. A 5G Lab works with startups, academia, and enterprise teams to build a 5G-powered world. Apart from …

AI, IoT, Robotics, and the Union Budget

February 7th, 2023admin0 Comments

India is to set up three centers of excellence for Artificial Intelligence in top educational institutions. The Government also plans to partner with leading industry players to conduct interdisciplinary research and develop cutting-edge applications and scalable problem solutions in the areas of agriculture, health, and sustainable cities. Artificial intelligence leverages computers and machines to mimic the problem-solving and decision-making capabilities of the human mind. The artificial intelligence of things (AIoT) is the combination of artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure. It’s Now Time To Look Out For The Best AI Stocks In India The union budget also included the …

Budget and the Tourism Sector

February 6th, 2023admin0 Comments

India is estimated to contribute USD 250 billion to its GDP from Tourism and create 137 million jobs in the Tourism sector. The tourism industry will also contribute to more than 56 billion USD in Foreign Exchange Earnings, and 25 million foreign arrivals are expected to be achieved by 2030. In FY20, the tourism sector in India accounted for 39 million jobs, which was 8.0% of the total employment in the country. Time To Look Out For Top Hotel Stocks In India In line with promoting this industry, the Government launched the ‘Dekho Apna Desh’ campaign back in December 2019 …

Old Tax regime or New Tax regime?

February 4th, 2023admin0 Comments

Which is better after the budget? Old v/s new tax regime.

“Which is better, the old tax regime or the new tax regime?” This is the question that people have been asking since 2020. Budget 2023 made some important tax changes for middle-class taxpayers applicable from the Financial Year 2023-24. The old tax regime wasn’t touched, while the new tax regime saw quite a few changes. Changes were made to the tax slabs, the rebate was tweaked, and more. The budget has left more questions for taxpayers on what they should opt for while filing their taxes. In this blog, we look at which tax regime is more advantageous, what has …

The tale of Union Budget & Green Farming

February 3rd, 2023admin0 Comments

Last Wednesday when finance minister Nirmala Sitaraman presented the union budget, “Green Growth” was the prime focus. “We are implementing many programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy across various economic sectors,” said Mrs. Sitaraman as she read out the budget. Thanks to this announcement, organic farming stocks in NSE and BSE are likely to see some movement in the near term. For farmers, it meant green farming through the use of natural fertilizers and organic methods of farming. The Government plans to support over …

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

February 2nd, 2023admin0 Comments

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. With the push for the adoption of this clean energy, Green Hydrogen stocks in India are likely to see …

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

January 27th, 2023admin0 Comments

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 …

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

January 20th, 2023admin0 Comments

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 …

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

January 13th, 2023admin0 Comments

Is fixed deposit safe? 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 …

কীভাবে মুদ্রাস্ফীতির হাত থেকে সম্পদকে রক্ষা করবেন

January 7th, 2023admin0 Comments

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 …

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

December 31st, 2022admin0 Comments

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. …

5 Terms You Must Know About Your Health Insurance

December 17th, 2022admin0 Comments

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 …

How to store your financial documents safely?

December 10th, 2022admin0 Comments

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 …

When should one buy a life cover?

December 3rd, 2022admin0 Comments

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 …

Three Investment Tips for Young People

November 26th, 2022admin0 Comments

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. Investment Guide For Young People 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 …

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