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 […]
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. […]
