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Inflation has continued its downtrend as per the latest data released earlier in the month. The easing of inflation is largely due to softness in the food prices. It seems that RBI will now have to decide on the repo rate cut when they meet next to discuss the monetary policy. Implementation of Goods and Services Tax (GST) is not expected to impact the inflation adversely in the coming months. However, the flood situation in some parts of the country…Continue Reading >

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“Principle of Compounding” is a very powerful tool in Finance and Economics. Compounding in simpler terms means interest being added to the principal, thus the addition of interest to the principal is called compounding. “Principle of Compounding” means that not only the principal amount earns interest but the interest amount also earns interest (interest on interest). Thus it leads to accelerated growth of Wealth. COMPOUNDING IN PERSONAL FINANCE In “Personal Finance” it is very important to understand the power of…Continue Reading >

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Individuals are spoilt for choice while opting for an Insurance Policy. We have many Insurers offering many Insurance plans with varied benefits and features. Many Insurers are offering policies at a very low premium to lure potential insurance buyers. Most often buyers get attracted to cheaper insurance plans ignoring various other factors that one should keep in mind while opting for an Insurance plan. Individuals should always keep an eye on the past record of the Insurer before opting for…Continue Reading >

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Investment decisions at times can be very confusing and cumbersome. In current market you have plethora of financial products to chose from which makes the task even more tedious. However, Each Financial Product is designed to meet specific needs and one should understand their purpose before deciding to invest. Pure Investment product is something which should be considered by Individuals as it offers better returns when compared to other Investment Instruments. In this post, I will discuss about strategic advantages…Continue Reading >

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Individuals are often confused when it comes to Investments. It is primarily due to the fact that wide range of products is available for investment. Individuals are often influenced by friends, relatives or even the promotional campaigns used by the BFSI (Banking, Financial Services and Insurance) companies. Thus, in this post I will discuss the 5 most popular Investment Product which every Individual should try to include in their portfolio. The aim is to ensure an ideal balance between Investment,…Continue Reading >

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Tax Planning is the evaluation of individual’s financial position from the tax point of view so as to optimize the Finances in the most efficient way. It helps to make optimal use of the tax benefits available in order to reduce the tax liability during the financial year. Tax Planning is the ethical mean to reduce the tax liability through proper tax exemptions channels available to the Tax Payers. Most of the Individuals are aware of the Tax Deductions available…Continue Reading >

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Retirement Planning is not just about saving for the future rather it involves systematic approach towards accumulation of corpus which would be sufficient to meet the financial obligations post retirement. Individuals may avail various retirement plans provided by the Insurance Companies or invest in Mutual Funds or Public Provident Fund (PPF) which provides lump sum or regular income post retirement. However, many are often confused or not aware of the probable retirement benefit plans which they can avail. Government is…Continue Reading >

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Insurance is financial instrument which provides cover against any possible eventuality which may occur in the future. It is an undertaking between the insuring company/insurer and the insured/policyholder to provide guaranteed compensation in case of death, illness, accident, loss or any other type of coverage stated in the policy/Insurance agreement. The insurer charges a certain sum as premium for the cover provided. The premium needs to be paid periodically for the continuation of the policy/insurance agreement for the tenure agreed…Continue Reading >

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Employees’ State Insurance (ESI) Act was introduced with the objective of providing the workers, employees with proper medical care and benefits. The Act has been amended from time to time to extend benefits to more and more employees/workers so as to provide them with a medical cover. ESI was enacted as a part of Social Security and Welfare measure which would provide protection to the working population especially the lower income group in the society. In this post I would…Continue Reading >

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Government has revised the interest rates on popular Small Savings Schemes for the 2nd Quarter of the Current Financial Year (2017-18). Last Year, Government had decided to align the small savings interest rates with the relevant market rates of Government Securities. The rates are now recalibrated every quarter in order to maintain it at par with the current market rates. The interest rates on Small Savings Schemes are slightly higher as compared to rates offered by Banks. The Central Bank…Continue Reading >