Once in every few years, the onion prices in India start an upward spiral. The humble onion moves from being an everyday purchase to a luxury item! While the average housewife generally budgets Rs 20 for a kilo of onions, now she has to shell out anywhere between Rs 50-100! Hotels get into panic mode […]
In the days of economic slowdown – How to secure your personal finances
The news of economic gloom and doom is all around us. India’s GDP rate has slowed to 5%, much lower than what was expected. The rupee is not stable against global currencies. Manufacturing industries are severely affected due to stagnant demand. There is wide spread talk of job losses. It’s not just in India, we […]
Changes proposed in Chit Fund Act – A welcome move in investor’s benefit
The Government of India has recently announced that there is a plan to introduce key amendments to the Chit Fund Act 1982 in the next parliament session. This is a long awaited legislative step, which finds a wide welcome in the chit fund industry – from investors and companies alike. We at Shantala Chits whole […]
Happy Ganesha Chaturthi ! May the lord shower his blessings on all our readers and investors.
The festival season has arrived! Between August and January every year, we Indians get into celebration mode with a series of religious and cultural festivals from Janmashtami to Sankranti! Krishna Janmashtami was recently celebrated all across the country with great devotion and gaiety. Now it’s the turn of our beloved Lord Ganesha. At the outset, […]
Stay away from fraudulent Ponzi schemes – earn your freedom from financial mismanagement
This Independence Day, let’s make a pledge. Let’s free ourselves and our near & dear ones from the dangers of fraudulent financial schemes. Let’s ensure we make informed and rational decisions. We must not fall for fake inducements of high returns. The after effects of the disastrous IMA scam are still echoing around us. The […]
The rise and fall of celebrities – how to avoid blunders in financial planning
Quite often we see an erstwhile celebrity hitting the headlines for all the wrong reasons. The astronomical rise and fall of Tennis legend Boris Becker is the most recent one to catch our attention. Bollywood stars who fall from their pinnacle of popularity into deep pools of debt and financial distress is again a common […]
The Annual Budget –key lessons in financial planning
It was a proud moment for all Indians when a woman Finance minister arose in Parliament to present the annual budget for FY 2019-2020. Having already held the stellar position of Defence Minister in her previous term, this time Mrs NirmalaSitharaman was scripting history by planning the finances of a country of a billion people. […]
The World Cup is here – Are we ready to be Champions?
The madness and frenzy is back. It’s that time again, when the whole country takes a break from their own busy lives and sits in front of the TV. For an entire month, all that people can talk about is cricket. It’s the month of the Cricket World Cup! After the grand success of 2011, […]
5 Tips for Dads on How to Be Good Financial Role Models
In the life of a child, the role of the mother is celebrated and glorified much. But the silent, hard work of a father in shaping a child’s life is often taken for granted. While the mother might be a care-giver and nurturer of the child, the father is responsible for providing economic support and […]
It’s back to school time – Plan for a successful new academic year
2 months of fun time and vacationing are slowly coming to an end. It’s time to get new uniforms stitched, new books covered, and new pencils sharpened. A new school year begins. Parents have mixed feelings about the beginning of every academic year. On one side they are relieved that the kids are finally going […]
