Category: Atmanirbhar bharat

How Budgeting Helped Arjun Take Control of His Finances

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How Budgeting Helped Arjun Take Control of His Finances

Allow me to introduce you to Arjun, a young professional who has just acquired his first job. The excitement of earning one’s own money and the newly acquired freedom to spend it as he saw fit was intoxicating. Arjun celebrated his new job: nice dinners, gadgets that he had hitherto eyed and bought, enjoying weekends out with friends. Pretty soon, the thrill started to wear off as reality started seeping in. Despite his salary, Arjun soon came to realize that meeting his most basic or unexpected expenses came from waiting for a paycheck. The piling of unexpected costs, with no …

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What are High Beta Stocks? Should You Invest in Them?

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Investing in the stock market comes with inherent risks and rewards. The general consensus is that a volatile stock is a risky bet, but at the same time it has the potential of generating higher returns. Now the question arises – what standard should we use to gauge whether a stock’s volatility is on the higher side or not. That’s where the Beta value of a stock becomes helpful. Read on, to know what high beta stocks are and whether you should invest in them. How To Calculate the Beta of a Stock Beta of a stock is calculated using …

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Set-off & Capital Loss Carry Forward To Save Taxes: A Comprehensive Guide

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Set-off & Capital Loss Carry Forward To Save Taxes: A Comprehensive Guide

As we gear up for 2024-25, it’s important that you know how you can utilise your losses in the best possible manner to save on taxes. The Indian Income Tax Act of 1961 has rules that let you reduce your tax liability by setting off losses against gains and carrying them forward strategically. In this guide, we’ll break down the details in an easy-to-understand way to help you make smart tax decisions. Understanding Different Incomes The Income Tax Act divides income into various sections. Whether it’s your salary, earnings from a property, business profits, gains from selling something (like a …

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5 Ultimate Tips To Improve Your Credit Score

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Are you planning to buy your dream home or pursue higher education at top international universities? Securing a sizable loan is a crucial step to taking the next big leap in your life. Here your credit score can make or break the game. But what is it, and how can you improve the score?   What is a credit score? And, What Is a Normal Credit Score For an Average Citizen?   A three-digit credit score determines the creditworthiness of a borrower. It is a measure of your financial health and discipline. The score is based on your credit history, …

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Crucial Collaborations: The Companies That Fueled The Chandrayaan-3 Mission

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In a historic feat, India achieved yet another milestone in space exploration with the successful soft landing of Chandrayaan-3 near the lunar south pole. India became the fourth country in the world to successfully land on the moon and the 1st to land on the lunar south pole. This achievement not only solidified India’s position as a prominent player in space exploration but also highlighted the critical role that a few private sector companies played in making this mission a reality. Let’s delve into the crucial collaborations that powered the Chandrayaan-3 mission and acknowledge the companies behind its success.   …

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Is Ethanol Blending India’s Answer to the Energy Crisis?

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Is Ethanol Blending India’s Answer to the Energy Crisis?

In 1932, economist Lionel Marshall identified one major economic problem – “resources are limited, but wants are unlimited.” With the world fighting a depleting natural resource crisis, these words have become a reality today. In the joint battle against the energy crisis, the Government of India is successfully contributing to energy independence and reducing the country’s reliance on fossil fuels. The path towards a greener and sustainable future is being fueled by ethanol blending, a technique that combines environment-friendly additives like ethanol with gasoline. Ethanol Blending: The Chemistry Behind It As the name suggests, ethanol blending is a process of …

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Core Sectors In India And How They Impact Your Portfolio

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Core Sectors In India And How They Impact Your Portfolio

Four or five months back, India was standing on the brink of a coal shortage. For a country like India, where 70% of the energy needs are met by coal, the looming shortage rang alarm bells across the country. But why did every industry across all the verticals panic? What’s so dangerous about coal shortage? It’s because the coal sector is a sector upon which most industries depend. No matter which industry a company is associated with, it invariably requires electricity to run properly. There are some industries – like the Aluminium industry – that will be forced to stop …

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Private Funding of Indian Railways to Develop 15 Stations Across India

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Private Funding of Indian Railways to Develop 15 Stations Across India

Indian Railways is under the ownership of the Ministry of Railways, Government of India. This government-run organisation operates the world’s 4th largest National Railways System in the world. It runs about 13169 trains every day (long and short suburban routes), covering around 7325 stations all across the country. Now Indian Railways has planned for a massive overhaul of the entire collection of its operating networks – the stations (urban, suburban, and rural); platforms; locomotive coaches, and engines. This massive boost has been announced by the Government of India under “Make in India.” The railways have announced and identified 2 major …

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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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Did you know that you can still save taxes on NPS tier 1 in the new tax regime?

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Did you know that you can still save taxes on NPS tier 1 in the new tax regime?

National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable subscribers to make optimum decisions regarding their future through systematic savings during their working life. NPS seeks to inculcate the habit of saving for retirement amongst the citizens. It is an attempt to find a sustainable solution to the problem of providing adequate retirement income to every citizen of India. Under NPS, individual savings are pooled into a pension fund which is invested by PFRDA-regulated professional fund managers as per the approved investment guidelines in the diversified portfolios comprising Government Bonds, Bills, Corporate Debentures, and Shares. These contributions …

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