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...
by Vidya Kumar | Dec 11, 2019 | Spending, Vidya Kumar
Summary: We pretty much do everything on our smartphone – Socialize, get entertained, pay bills and click photos. But it need not cost us an arm and a leg . Many smartphones will satisfy our needs and be within our budget. Understand your usage and income and...
by Vidya Kumar | Nov 19, 2019 | Arbitrage Funds, Vidya Kumar
Summary: Arbitrage funds take advantage of price differences in securities. Fund managers buy and sell securities in different markets and generate returns based on price mismatch. Arbitrage funds are treated as equity funds from a tax perspective. They are less risky...
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