On an average approximately 4 to 5 million new professionals below 25 years of age join the workforce in India every year. This workforce needs to draw up the right financial strategy right from the beginning in order to make the best of their earnings while not compromising on the lifestyle that they desire and… Read More »
Education is undoubtedly a very important part of life. More so, higher education, as it decides the future course of your life. With the help of educational loans, it is possible for anyone to study the course of choice at any place, India or abroad. However, educational loan comes with its own conditions and it… Read More »
Let’s say you can purchase one kilogram of rice with Rs. 50 today. Ten years ago, you could have purchased 2 kilograms of the same quality of rice with Rs. 50. And ten years hence, you will probably have to shell out Rs. 75 for one kilogram of the same quality of rice. This means… Read More »
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 credit and debit cards used for international transactions with chip based credit and debit cards. RBI had said that cards… Read More »