As the Indian Government announced the Budget for the FY, many changes have been proposed that can alter the budgets of a common man’s household. However, most law-abiding, income-earning, and tax-paying citizens are more interested in the new changes made to the income tax provisions. Let’s begin with a quick recap of the income tax-related announcements in the Interim Budget 2019.
With the advent of technology, every service company is using a digital platform for a global reach and to make their customers’ life comfortable; banks are no exception. Online/Net banking is a bliss for customers who are tech-savvy and don’t have time to stand in long queues at brick and mortar banks. It is a facility provided by banks to customers to enable them to use their services online. Let’s delve into an in-depth discussion to find the nuances of internet banking.
Old McDonald had a farm. And in that farm, he had a hundred hens. When the hens laid eggs, old McDonald gathered them in a basket and merrily started his journey to the market. Old McDonald had high hopes of making big bucks that day. The road went downhill. Old McDonald lost his balance. The poor old fellow, like Jack and Jill, went rolling and tumbling down the hill. Alas! Not only was he badly hurt, but all the eggs were gone for good. Old McDonald cried and cried and cried, but nothing could bring him back those spoiled eggs. He couldn’t recover from the loss! Hence, the adage – “Never put all your eggs in one basket.”
Breaking the persistent shackles of patriarchy, the women of India have established their strong presence in almost all walks of life, thus emerging as an empowered lot. But how empowered are women in handling their money? Patriarchy is still extant when it comes to managing finances, and the average Indian woman has been somewhat diffident in taking independent financial decisions.
Financial management strategies must be customized to suit one’s requirements; there isn’t any handbook! Whether you are a young girl or an elderly lady, a risk-taker or risk-averse, single or married – all of these and several other factors will influence your style and technique of money management.
Let’s get you started on the basics of ‘intelligent financing.’
As the Union Budget was announced on February 1, 2018, by the Union Minister for Finance, Mr. Arun Jaitley, a lot of curiosity was created about what it meant for the country’s inhabitants. The 2018 budget was a mixed bag of sops with a lot of goodies for the economically weaker sections and the uber-rich, but very little for the middle class.
The Prime Minister, Mr. Narendra Modi, called the budget a “Farmer friendly, common citizen friendly, business- environment friendly, development friendly budget.” But not all of the budget is bright and shiny. Several provisions are definitely not pro-salaried class. The bigger corporate houses are also expected to be disappointed.
Blockchain is a revolutionary technology that aims at improving the way we make monetary and non-monetary transactions. Central Banks, multinational companies and governments throughout the world have been experimenting with this technology to increase the efficiency and productivity of their operations.