Personal finance expert Abhinav Angirish offered some valuable invetsment tips.
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
A workshop on 10 common mistakes that most investors make and how to avoid them to be conducted by Harsh Roongta, personal finance expert and CEO, ApnaPaisa.com on November 25.
Palanivel Thiaga Rajan was on the hit-list, not because the chief minister was unhappy with his performance, but because there were constant complaints from other ministers that he was sitting on their files far too long, observes N Sathiya Moorthy.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
Seems daunting? With right financial planning, patience, and commitment, this goal is entirely achievable, says Ramalingam Kalirajan. Here's how
Link your UPI app to a separate bank account or wallet that has only a limited sum.
'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'
If you have a huge debt, pay up, don't neglect it, says personal finance expert Harsh Roongta.
One should concentrate on using credit card only for planned expenses rather than trying to plan an optimum usage of all the cards, says Harsh Roongta.
'Mrs Gandhi had nothing to do in the day-to-day working of Dr Singh's government.' 'People say Mrs Gandhi's office used to give orders, which is nonsense.'
The best way to find an advisor is to talk to your friends and family who are using the services of one, says personal finance expert Rahul Goel.
'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'
While festive offers can reduce costs, borrowers should also consider the lender's transparency and service quality. Customers need to be mindful of their repayment capacity.
Banks report you to the credit bureau if you default on your credit card payments. Here's what happens if you are blacklisted.
If you are about to retire then the government savings schemes would suit you more. A word of caution here: do not take insurance to save tax. take it for the right reason - to secure the future of your dependents in your absence, says personal finance expert Rahul Goel.
Personal finance expert Rahul Goel answered to many such readers' queries during an hour-long chat on Thursday.
If you invest in one shot into a mutual fund, you run the risk of having mistimied the investment. The SIP dilutes this risk by having you invest money on a fixed date every month over a period of time, says financial planning expert Rahul Goel.
Mutual funds and ulips are two very different investment instruments. Before investing, please understand the product your are putting you money in very well, says Rahul Goel.
Do you know that you can get an education loan of upto Rs 4 lakhs to pursue an MBA course from a recognised university? What's more, you don't have to bother about repayment till you complete the course! Read on to find out more.
It is best to build a portfolio of mutual funds that will deliver capital appreciation over the long term, advises Rahul Goel.
The markets represented by the BSE Sensex had become very expensive in terms of valuations, so one should not get panicky, says financial planning expert Rahul Goel.
It is difficult for an NRI to get a loan in India, says personal finance expert Harsh Roongta.
Harsh Roongta says cash withdrawal on cards incurs heavy fees (normally around 2 to 2.5% of the amount withdrwan) plus the interest on that amount also starts immediately - no free credit period.
'Assess the property in terms of type, size, location and price point, and whether it fits into your budget.' 'If it checks out on these fronts, one may consider the accompanying offers.'
You can invest in two ways. you can either approach a qualified investment advisor or you can invest on your own.
Amid the Budget preparation, the revenue department is assessing the feasibility of further adjustments to maximise benefits for salaried individuals.
Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.
Experts say you should be certain of living in a city and locality for a long time before purchasing a home.
Budget has received mixed reaction from experts.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Follow this 15 x 15 x 15 rule to become a crorepati without taking big risks. Ramalingam Kalirajan explains how
Three experts on cyber security, digital forensics, networks and hardware were roped in by the Supreme Court on Wednesday to "enquire, investigate and determine" whether Pegasus spyware was used for snooping on citizens and their probe would be monitored by former apex court judge R V Raveendran.
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public-sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed by the investors for seven consecutive years. "While Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, allows the transfer of unclaimed dividends to the IEPF, it, however, does not mention a provision for transferring unclaimed shares and may now be amended by the next government to allow such transfers to happen," said a person familiar with the matter.
'Expectations are high regarding the change in LTCG with respect to equity investments.'
rediffGURU Krishna Kumar, founder and CEO of GoMoTech, offers expert advice on how to scale up in your career and life.
The pandemic should force you to take a hard look at the downside risks that could jeopardise your finances.
