Diversifying portfolios are a critical part of modern investment strategies. Subscribing to different monetary instruments that are unevenly spread across the financial layout of the economy will shield you from potential losses. Of course, it has to be emphasised that there is no guarantee that losses will not be procured. The key is to make…
As we move towards a cashless economy, digital payments have become a mainstay. What was earlier a distant dream to send and receive money in a few clicks, has now become a reality due to continuously evolving technology. Enter BHIM which was launched in December 2016 in lines with India’s vision to go cashless.
With the rising popularity of cashless transactions in India and the government’s efforts to shift towards a digital economy, it becomes vital to keep your Aadhaar card up-to-date. Your Aadhaar number or UID is your 12-digit identification number where all your information is stored. Since the introduction of the Aadhaar scheme in 2009, we’re sure a lot has changed; you’ve probably moved houses or changed your phone number and it’s important that you update your details on your Aadhaar card at the earliest. So, how do you go about it? Here’s a step-by-step guide on how to go about it.
Short term investments are usually sidelined when compared with long term investments. In a conventional sense, any investment for a tenure lesser than 1 year is considered to be a short term investment. People often associate short term investments with high risk but that needn’t always be the case. You need to make informed decisions when it comes to investments; be it long term or short term.
We’re only about a month into 2017 and it seems to be a successful year thus far. To help you keep this prosperity going we’ve shortlisted seven books from the world of finance. In fact a recent study revealed that 88% of rich people spend at least thirty minutes everyday reading to improve their knowledge! We hope our list of classics and new releases will help you stay on top of your finances this year!
The story of every middle-class Indian kid growing up is pretty much the same. Those monthly shopping and movie trips with the entire family in tow where your parents picked out the baggiest jeans for your ‘outings’, those Bata shoes before the new academic year began, those “tu kitni badi ho gayi hai, kal hi tho kareedha tha” everytime mom realises you’ve outgrown your school uniform. And amidst all that there is dad. Unflinching. One thing common to most dads is their financial wisdom. Haven’t we all watched our dads do the family accounts, budgeting and spending hours poring over sheets of numbers that made absolutely no sense to us as kids? But through it all, we pick up certain pearls of financial wisdom like the ones below.
The Union Budget was announced on February 1, 2017 amidst great hope. The public hoped for a Budget that would address the dull after demonetisation. And it did not disappoint. The government focussed on expanding the tax net while rewarding the honest taxpayers of the country. Let’s take a look at the key taxation reforms announced in the Budget for the common man.
The 2017 Union Budget rewarded the honest taxpayers and the public most affected by demonetisation. Interestingly, the only people the Budget may not have satisfied are the politicians. The Budget was focussed on bringing about a sustainable change for the country by promoting a more digital economy, introducing measures to help the rural and agricultural sectors through NABARD and creating opportunities for the youth.
Haven’t we all been through situations when you don’t have a single penny in hand and all of a sudden your bank balance is not in single digits anymore? Be it a hike, a good business deal or a kind relative who is the reason behind this sudden influx of money, those moments certainly do make us feel good, don’t they? Being the responsible mature adult that you are (or try to be), you curb your impulses to splurge all that money and instead set it aside, untouched. But of what use is it if it just sits in your savings account earning a paltry interest that is akin to your month-end bank balance? Let us introduce you to some options to invest that money and earn great returns!
Invoice Discounting platforms work like matchmaking services for Businesses with Invoices and Investors seeking alternative financing solutions with high returns. Even with all the positives about the product, it is not a zero-risk investment product. If you are considering purchasing invoices through Invoice Discounting platforms, here are Five things you should keep in mind.