How does Budget 2022-23 affect me?
The Finance Minister Nirmala Sitharaman presented the budget for the financial year 2022-23 on February 1. While there are no changes to income tax slabs, here is a list of some of the key announcements that will have a direct bearing on personal finance - Citizens...
How will the Account Aggregator Framework benefit us?
When Mahesh wanted to buy a home and take a housing loan, he spent a lot of time and effort. It was not just deciding the house to buy but the logistics of collecting documentation such as bank statements, tax information, identification proofs and more too. These...
Get More Out Of Your Money
Summary: It is important that we make our money work the right way for us. Manual renewal of FDs, caution in using credit cards for top-ups, utilizing the tax exemption available fully, and depositing gold in banks to earn interest are some ways to get more out...
Residential Status Demystified..After Latest Announcements
Executive Summary – It is important to ascertain the residential status of a person to find out the person's tax liability. A person of Indian origin can be a Resident or Non Resident. A Resident of India can be Resident and Ordinary Resident or Resident and...
What Do The New Changes In Health Insurance Mean To Me?
Summary: IRDAI has brought in some new rules in health insurance that bring in standard definitions, strict timelines for claims, and changes in inclusions and exclusions. This can mean enhanced coverage, standardised policies, a higher ratio of settled claims, and...
How Can I Earn Passive Income
Summary: Passive income is money earned from a source other than your job, contract or business. It adds to your income and supports you in tough economic conditions. With passive income, you achieve your financial goals sooner. Rental income, royalties, earnings from...
Should I Invest in Gold
Summary: The price of gold has risen significantly. Gold investments have been delivering good returns for the last few years. Allocation of some part of your portfolio to gold will serve as a hedge against volatile equity markets, depressed interest rates and provide...
Should I Opt For Staggered Term Insurance Payouts
Summary: Insurance companies offer different options of payout of the sum assured for term plans at the time of claim. Check the premium, total sum assured, liabilities to be paid off and nominees’ financial acumen before selecting a payout option. A term plan is...
Portfolio Management Service versus Mutual Funds
Summary: A Portfolio Management Service firm offers wealth management services. It invests your money in different investment avenues with the aim of generating maximum returns. It charges fees and in many cases, a share of the profit in case the performance exceeds...
How Can I Earn Passive Income
Summary: Passive income is money earned from a source other than your job, contract or business. It adds to your income and supports you in tough economic conditions. With passive income, you achieve your financial goals sooner. Rental income, royalties, earnings from...
Should I Invest in Gold
Summary: The price of gold has risen significantly. Gold investments have been delivering good returns for the last few years. Allocation of some part of your portfolio to gold will serve as a hedge against volatile equity markets, depressed interest rates and provide...
Should I Opt For Staggered Term Insurance Payouts
Summary: Insurance companies offer different options of payout of the sum assured for term plans at the time of claim. Check the premium, total sum assured, liabilities to be paid off and nominees’ financial acumen before selecting a payout option. A term plan is...
Portfolio Management Service versus Mutual Funds
Summary: A Portfolio Management Service firm offers wealth management services. It invests your money in different investment avenues with the aim of generating maximum returns. It charges fees and in many cases, a share of the profit in case the performance exceeds...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!
