It is always easy to buy rather than pay and credit cards are based on the simple rule: buy now and pay later. When swayed away by a number of surrounding myths, we fail to understand the financial mechanics and end up paying more. We can use the credit cards wisely if these myths are… Read More »
The Indian rupee has witnessed tremendous depreciation in value since the past two months, and experts opine that this is going to continue further. The central bank of the country – RBI has not been very aggressive in stemming the fall of the rupee, and opinions have been mixed in the street on actions to… Read More »
Commonly referred to as FX in short, the forex market is by far the largest in the world with over trade worth $ 4 Trillion on an average day. Simply stated this implies exchange of currencies of foreign countries with the purpose of trading. In India there are three aspects of Forex starting with the… Read More »
Purchasing a home and moving into it is a dream come true for many individuals. Almost all home purchases today are funded by a home loan. This means payment of hefty amount as down payment as well as monthly outflow in the form of Equated Monthly Installments (EMI). Even if you can actually manage… Read More »
“If you think education is expensive, try ignorance”. This quote is often repeated to encourage people to opt for education. It has never been truer than today. Education indeed, has become expensive. The rising cost of education Consider this; engineering education used to cost about Rs. 5,000 to 25,000 per year 10 years back. Today… Read More »
Pavitra received Rs. 3.5 Lakhs from the sale of a family property in her native place. She has a housing loan of Rs. 30 Lakhs for which she is paying a monthly EMI of Rs. 35,000. She has completed 2 years of the 7 years of the loan tenure. Pavitra is thinking about repaying a… Read More »
Following the increasing incidence of card frauds, Reserve Bank of India (RBI), the banking regulator of India had come out with a regulation on Feb 28th 2013 directing banks to replace all magnetic strip based debit and credit cards used for international transactions with chip based credit and debit cards. RBI had said that cards… Read More »
It depends upon the company’s management to decide who gets how many options. But as a general guide, people in higher management are offered more options. Sometimes people in special projects which brought the company more profits are offered more options. Suzlon, as discussed earlier has given equal number of options to all its employees.… Read More »
Filing tax returns is an annual activity which must be fulfilled as a moral and social obligation by every citizen of this nation. This is a means for the government to determine the amount and means of expenditure of the citizens and also provides a platform for the assessee to claim refunds and other forms… Read More »
Personal loans are being availed today by thousands of earning professionals to meet various requirements in their lives. The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in… Read More »