The ongoing Corona Virus crisis has brought in a lot of uncertainty and danger into the lives and businesses of people. This is especially true with some of our esteemed customers who are successful entrepreneurs. Brave, smart people who are running their businesses – delighting their customers and bringing employment to several people around them. […]
Money matters for the youth – Chit funds, an attractive option for the young Indian
When we hear about a chit fund investor, we tend to visualise a conservative housewife or a rural householder with no access to modern banking. It is true that women and rural folk were the major patrons of chit funds in earlier days. That’s because they needed an avenue for monthly saving and anytime withdrawal. […]
You don’t need to be a senior citizen to retire – Smart planning for an early retirement
Gone are the days when people worked till the age of 60-65, often staying in the same company for decades. By the time they retired from work, they were too old to enjoy their well-earned leisure time! In today’s fast-paced world, people are not ready to wait till they turn into senior citizens to enjoy […]
Chit funds Vs other Investment tools – how do they rate?
Paper money was invented as a financial instrument in exchange for goods and services around the 7th century in China. Since then various instruments of expenditure, lending, and investment of money have come into being. Bank deposits, equity shares, mutual funds, debt instruments, pension funds, chit funds and so on. An average citizen approaches the […]
Annual Budget FY2020-21: How Small Investors Can Secure and Grow Their Financial Holdings
The enormous annual budgetary exercise by Government of India has begun for the Financial Year 2020-21. India is the fastest-growing trillion-dollar economy in the world and the fifth-largest overall, with a nominal GDP of $2.94 trillion. So our budget planning is a vast and complicated exercise involving several stakeholders – government, industries, bankers, investors, borrowers, […]
Did you know about Japanese budgeting method – Kakeibo, for better money management?
With Makara Sankranti, a long and lovely holiday season comes to a grand close. Now it’s time to gear up for the new year ahead. Business goals, final exams and financial year end targets are going to be the main focus areas. With all the festivities coming to an end for the year, family expenditure […]
What you need to Know about Chit Funds (Amendment) Bill, 2019?
Landmark legislation passed for the Chit fund industry – Ushering in a new era of credibility and financial inclusion On November 20, 2019, the Indian parliament unanimously passed the Chit Funds (Amendment) Bill, 2019 that is aimed at setting up a mechanism to ensure transparency in chit fund schemes, protect subscribers and regulate the […]
Mental pressure faced by men – A largely neglected issue
Did you know that 19th November was International Men’s Day? The day came and went, largely unnoticed. While Children’s Day and Women’s Day attract a lot of public attention and celebration, Men’s Day doesn’t generate that kind of buzz. This is true for several things related to men, especially problems faced by men. Since men are […]
Let’s Teach our Children a little about How to Handle Finances in this Digital World
One of the greatest joys of childhood is the constant awe and wonder that a child feels at everything he sees in the world around him. Every sight, sound, and situation is new! Whether it is a simple bike ride, a day in school or a new toy, there are always novel and exciting experiences […]
The onion crisis is back – A similar crisis should be avoided in your personal finances
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 […]
