Found 1120 Articles for Banking & Finance

From the perspective of small businesses, GST has been a nightmare so far. Now, which kind of small businesses are suffering due to the impact of GST? I would say all kinds because GST has disrupted the entire supply chain of the SME sector. Take the case of certain categories of cosmetics manufacturers like shampoos, shaving creams, and body deodorants.Nightmare for Small FirmThese items were initially kept in the highest slab of 28% and were later brought down to the 18% slab which is still high for such everyday use items. Now, a big manufacturer won't have a problem adjusting ... Read More

In the beginning, people bartered. Bartering is the exchange of goods or services for some other goods or services. The exchange items included bags of rice, wheat, cattle, sheep, pigs and so on. Barter system worked like this, take one bag of rice in exchange for one lamb.But after a few days, it has become increasingly difficult to store the goods taken in exchange and people started thinking they deserve more than these perishable goods. The selfishness to own the things by themselves and store for their kith and kin has made the man think of an alternative, and introduced ... Read More

As women empowerment progresses rapidly across the country bringing in a large number of women into the workforce, financial services providers like insurance companies are coming up with specially designed plans for women that offer both savings and protection. Here are some optimum plans offered by well-known insurance companies although it would be difficult to point out anyone as the 'Best'.HDFC Life Smart Women ULIP (Unit Linked Insurance Plan)This is an optimum unit-linked investment plan tailored specifically to meet the needs of women and it covers them for pregnancy complications, female-specific cancers and other conditions that are known to affect ... Read More

I created MobiKwik account in 2014 with the greed to get cashback and even more cashback as it was kind of war like situation among digital wallets that time. Everyone wants to allure customers whether hook or by cashback. You won’t believe that I used to earn up to ₹ 50 with every transaction of or above ₹100. A race had commenced among the giants like Paytm, Freecharge, and MobiKwik.This was a scenario until demonetization but his whimsical policy of Modi not only fucked up Indian economy but also my personal financial growth.Anyway! I will lament over my poor economic ... Read More

It has been reported on some media channels that irate e-wallet users are threatening to stop using e-wallets altogether as the functionality of these e-wallets encountered barriers due to the new KYC (Know Your Customer) compliance requirement. While that may be true for the moment, it doesn't appear likely that e-wallets are on their way out for the simple reason that they're an integral part of e-commerce and cannot be wished away.In fact, nobody wants to wish them away but the government's new KYC googly has caused some turbulence in the e-wallet industry that has seen exponential growth till now. ... Read More

Go for PPFVery much popular as a long-term investment plan, PPF (Public Provident Fund) can be one of the profitable investment options for you as the Government of India has recently announced that the interest rate on PPF will be revised every year. However, for the year 2017-18, PPF account holders will get an increased interest rate of 8.1 percent. Also, many government and private banks are offering profitable PPF plans with varied interest rates. More important, You get the tax rebate on investing in PPF.Mutual Fund (SIP)Investing in share market through mutual funds is a practice done widely with ... Read More

India’s biggest banks like SBI, ICICI, and PNB have hiked their deposit and loan rates and made the way for interest rates to head only one-way-up. SBI has increased marginal cost based lending rate (MCLR) by 0.20% for the duration of 1 year and 0.25% for three years. This will directly influence your EMI.Now suppose, you have taken a home loan of 20 Lakh then you have to pay Rs 253 additional for the next installment. Similarly, PNB has raised the MCLR by 0.15%. The new rates will be applicable from March 1. So, if you are planning to take ... Read More

Putting an end to all the speculations, Tata Sons sold a 1.48 stake in Tata Consultancy Services (TCS) to raise Rs. 8127 crore. This crucial step is taken to pay off some debt as well as invest in group firms, which belong to the auto and steel sectors.Through block trade, the state sale was made on the National Stock Exchange. The discount between 4.17% and 5.9% to the stock’s closing price of Rs 3052.15 was given to the transaction on the NSE Monday.What Do Experts Think?On this major move by Tata, experts believe that the sum can be used to ... Read More

Yes, certainly. However, to get this facility farmers have to register with the local Rural Agriculture Development Authority (RADA) and once it is done they will get a concession on particular vehicles used in farming and that too once in every five years.To register and avail this facility, they have to submit the following documents to their local RADA branchLatest Tax Receipt (if the applicant owns the land) and Tax Compliance Certificate (TCC);Letter from family member signed by a Justice of Peace (JP), if the land the family owned;Proforma invoice for the vehicle and it should include the CIF amount ... Read More

Like me, I am sure most of you also have been hacked off by now with the recurrent reminders from banks, mobile operators, gas agencies, etc. for linking your Aadhaar-to enjoy uninterrupted services, else your services will be barred-although they say this, but they actually mean this-(prepare for the grave consequences). But the comic part is they keep on extending the last date to link. All this fuss made me ponder upon the following questions in −Why is the government pushing Aadhaar insanely?How much safe our Aadhaar card is?Why do I have to link my Aadhaar card to other services?Why ... Read More