I was sitting with my friend Raju one fine evening, when he stared at me for a long duration before asking, “You are a commerce graduate right? Can you tell me what exactly is the difference between repo rate and reverse repo rate? My teammates often discuss about it and I am standing clueless in…
The importance of Aadhar in today’s life cannot be undermined. While the PAN card was used for all digital and online transaction, income tax filings and official correspondence, this has now shifted to the Aadhar Card. The articles explains in detail – How to link Aadhar with Mobile Number, PAN, Bank Account, UAN, LIC, Demat…
How often do we dream about early retirement in India ? Usually this feeling kicks in since we are generally surrounded in a stressful environment and we look for opportunities to take a break from them. The more commonly used terminology is “taking Sanyas” or moving up the hills to lead a peaceful stress free life. Have…
How to calculate gratuity amount using gratuity formula in 2018? The latest amendment bill increased the new limit of gratuity to Rs. 20 lakhs in March 2018. This article covers Gratuity Formula – Last drawn salary X years of service X 15/26. Gratuity New Limit – Rs. 20 Lakhs Gratuity Eligibility – 5 Years of Services…
There is something rather strange happening in the political conversations in the country right now. I recently met with some industrialists and asked how the market was faring. All of them had one answer- market is in a slump. Then I asked them if it is due to the policy changes effected by the central…
The urban population of our country is expected to cross the mark of 814 million people by the year 2050. Anticipating this phenomenal growth in population and the demand it will create for housing in urban areas, the Government of India has envisioned PRADHAN MANTRI AWAS YOJANA (PMAY 2018)under the ambit of Ministry of Housing and…
Life insurance companies in India- Did you know that there were around 245 Life Insurance Companies in India in January 1956. Life insurance business was started in India in 1818 with the establishment of Oriental Life Insurance Company in Kolkata. After that, many companies started operations in India. In 1938, the Government of India introduced…
Life Insurance- Is it worth buying and how much Life Insurance should I buy? Should I go for term Insurance? What are term insurance benefits and disadvantages and how the policy works? Do I get maturity benefits in term insurance policy? What are the tax benefits in term insurance? I was addressing a meeting on Financial…