Found 242 Articles for Finance

First, it's a huge exaggeration to say that the Indian economy is controlled by any one factor, even if that happens to be precious metals like gold or silver. Also, to say that silver ever had a controlling stake in the Indian economy is also far from the truth.Indian Economy Actually Lies OnThe Indian economy in nominal dollar exchange terms is the sixth largest in the world valued at around $ 2.5 trillion and in PPP (Purchasing Power Parity) terms, it is the third largest in the world valued at around $ 10 trillion.Around 16-17% of that amount comprises India's ... Read More

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

For the common man who makes up the salaried middle class, Budget 2018 offers a flat deduction of Rs. 40, 000. Those earning salaries of Rs. 3 lakhs per annum are already exempted from paying income tax while those earning between Rs. 3 and Rs. 5 lakhs per annum have to pay just 5%. So, on the direct taxes front, the salaried middle classes, whose contribution to the IT pool have been the largest and the most significant over the years, has been spared any shock in this budget. On the flip side, higher MSP (Minimum Support Price) for farm ... Read More

Great! Now, ask yourself this basic question - is it going to solve a genuine problem? Mind you, your perception of a unique idea might not match with the ground realities of the market. So, if your idea solves a problem, then the first thing you need to know is that you should learn about the problem in such detail that there is no chance of missing anything when it comes to offering a solution. It's only when you know the problem in and out that you will find the solution more effectively. Coming to your question about where to ... Read More

The word ‘Budget’ is derived from the root word ‘Bougett’ which means a sack or a pouch in which papers for the presentation in Parliament were carried by the British Chancellor of the Exchequer. These papers would have the details for the government’s financial program for the upcoming year. Article 112 refers to the term ‘Annual Financial Statement’ of expenditure and receipts of the government. In other words, the term ‘Budget’ is the popular name used for Annual Financial Statement mentioned in the Constitution.Here are some of the points that highlight the features of Budget in alignment with Article 112 ... Read More

Inflation has hit many areas of in the lives of the people. Each and every product from electronics to grocery has hit skyrocket price. Hence, there is always a burden on each individual as the expenditure is on the higher side leaving no scope for savings. People are often in a fix on how to save sufficiently each month.Here are some methods that can help in increasing the monthly savings:Spend only on NecessitiesThe excessive expenditure often happens when the individual is keener to spend on luxury items than the necessities. These luxury items pinch your pockets and often need to ... Read More

You will be surprised with agony and angry when you come to know that crude oil is costing only Rs. 31 per liter whereas Petrol and diesel are hovering at Rs.76-80 in India. One more fact that many people are not aware is Petrol and Diesel prices change every day based on the International market prices of Crude Oil and Foreign Exchange Rates. Earlier these prices were changed fortnightly i.e. on the 1st and 16th of each month based on the average price of crude oil and foreign exchange rate of the preceding 15 days.There are many reasons why there ... 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

The following business ideas are not way different from common business ideas. Today’s women are intelligent and capable enough to embrace and run any business. However, considering the scenario in India, most women are still home-bound even if they have the passion to learn and get themselves independent. Thus, small business ideas, best suitable for women, come into the picture.Amazon FBA ProgramBloggingFreelance WritingGraphics and Designing ServicesBeautician ServicesHandmade ProductsPrivate TutorUrban Landscape ArtistDog TrainerSoap MakerBoutique/Sewing BusinessEvent PlannerCooking ClassesJewelry MakingHome Based CateringData EntryTelephone Answering ServiceRemember, kicking off a business not only demands money and time but also it is nurtured by your energy. ... 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