The Retirement Planning Secrets No One Tells You About

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The Retirement Planning Secrets No One Tells You About

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 …

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Holiday Planning Is All About Planning Your Cash Flow Wisely

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Holiday Planning Is All About Planning Your Cash Flow Wisely

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 …

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Education Loans: A Smart Investment or a Debt Trap?

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Education Loans: A Smart Investment or a Debt Trap?

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 …

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Compound interest is the eighth wonder of the world!

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Compound interest is the eighth wonder of the world!

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 …

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Bioethanol Industry and the Union Budget

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Bioethanol Industry and the Union Budget

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 …

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Healthcare and the Union Budget

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Healthcare and the Union Budget

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: …

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Millet Industry and the Union Budget

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Millet Industry and the Union Budget

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 …

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Urban Infrastructure and the Union Budget

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Urban Infrastructure and the Union Budget

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, …

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Indian Railways and the Union Budget

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Indian Railways and the Union Budget

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 …

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Drone and the Union Budget

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Drone and the Union Budget

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 …

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