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...
by Vidya Kumar | Feb 18, 2020 | Home loan, Interest Rates, personal finance, Vidya Kumar
Summary: The RBI announced its monetary policy in February 2020. Though there were no rate cuts or changes in CRR, the other measures have given banks to have higher liquidity. Therefore banks such as SBI, BoB, etc. have amended interest rates on loans and FDs. The...
by Vidya Kumar | Feb 8, 2020 | Budget 2020, taxation, Vidya Kumar
Summary: Finance Minister, Nirmala Sitharaman presented the Union Budget 2020on the 1st of February, 2020. The main talking points that affect the common man are around changes in the income tax rates, taxation rules for NRIs and scrapping of Dividend Distribution...
by Vidya Kumar | Jan 27, 2020 | Personal Loan, Vidya Kumar
Summary: Personal loans are unsecured loans. They have a high interest rate and are given to people with high CIBIL score. It is best to avoid a personal loan if it is for a non-emergency or an impulse purchase. Loan against collateral and building an emergency...
by Vidya Kumar | Jan 13, 2020 | Health Insurance, Vidya Kumar
Summary: The IRDA has mandated all health insurance companies to launch a health insurance policy – Arogya Sanjeevani Policy. It will be a basic health insurance plan that offers coverage up to ₹ 5,00,000. People can buy it on a yearly basis and have...
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