by Vidya Kumar | Apr 22, 2020 | financial planning, Vidya Kumar
Summary: A review of the financial plan is necessary to be financially on track. Changes such as inheritance, loss of job, marriage, the birth of a child, retirement, lifestyle modifications will affect your financial health. Revisit your financial plan in case of...
by Vidya Kumar | Apr 8, 2020 | Coronavirus Covid-19, loan, Vidya Kumar
Summary: RBI announced that banks and other lending institutions have to offer a 3-month EMI moratorium. It means borrowers can defer payment of EMIs from March 1, 2020 – May 31, 2020 in the light of the coronavirus outbreak. If you are unable to manage your...
by Vidya Kumar | Apr 1, 2020 | Coronavirus Covid-19, Vidya Kumar
Summary: The coronavirus outbreak has created a tough economic environment. Some financial measures have been announced to hopefully ease the financial situation for the common man. The RBI decreased the repo rate and reserve rate. It has offered a 3-month...
by Vidya Kumar | Mar 18, 2020 | Banking, savings, Vidya Kumar
Summary: Recent events related to PMC Bank and Yes Bank have shown that our money is not entirely safe in banks. Unfortunately, the insurance cover for depositors is not enough to cover every individual’s entire deposit. Depositors therefore have to take...
by Vidya Kumar | Mar 11, 2020 | Coronavirus Covid-19, Vidya Kumar
Summary: The coronavirus outbreak continues to wreak havoc. There is no cure yet and the number of people getting affected is increasing. World economy has taken a significant hit. Markets are down. Though it is easier said than done, retail investors should not...
by Vidya Kumar | Feb 26, 2020 | Financial Advice, Vidya Kumar
Summary: There is a lot of financial advice out there. Most of it is sensible. But you must not heed to it blindly. Income volatility, loan parameters, current financial situation, asset acquisition circumstances, and personal retirement plans may not allow you to...
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