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5 Important Tips to Avail Personal Loans Online

When people have dreams, they work to realize them. They aspire to renew their home, start a business, have a fairy-tale wedding, take a vacation, etc. Due to various constraints, such as a lack of support, financial constraints, etc., realisation of these dreams may seem difficult. A personal loan may be the answer if a person's financial condition prevents them from achieving their goals. For several people, personal loans are a convenient credit option. They are for those who have a..

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Lessons from Life of Eklavya

Story When we think of Mahabharata, we immediately remember Krishna, Pandavas, Kauravas and other prominent characters. But there is one character which we usually tend to miss, even when he teaches us one of the most important corporate lessons. And that is Eklavya. A son of the hunter chief of the forests of Hastinapur, Eklavya was passionate about learning archery from Dronacharya, the royal guru of Pandavas and Kauravas. When Eklavya approached the guru, he refused to impart knowled..

Posted in articles |   8 comments |   3702 Views

RBI extends deadline for card tokenisation till 30th September 2022

Reserve Bank of India encourages cardholders to tokenise their cards Currently, many entities, including merchants, involved in an online card transaction chain store card data like card number, expiry date, etc. [Card-on-File (CoF)] citing cardholder convenience and comfort for undertaking transactions in future. While this practice does render convenience, availability of card details with multiple entities increases the risk of card data being stolen/misused. There have been instances wher..

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Communication is the key to good governance

"To look is one thing. To see what you look at is another. To understand what you see is a third. To learn from what you understand is still something else. But to act on what you learn is all that really matters. Isn't it?" "The human relationship is purely based on the power of communication. If only we can understand each other well, it would have served the purpose of human welfare and wellbeing without any conflict of interest and misunderstanding." The Aforesa..

Posted in articles |   1 comments |   1422 Views

All About National Saving Certificate

What is NSC? The National Savings Certificate (NSC) is a fixed income investment scheme that you can open with any post office branch. The scheme is a Government of India initiative. It is a savings bond that encourages subscribers – mainly small to mid-income investors - to invest while saving on income tax. Who is Eligible to Invest in NSC? Only Individuals who are Resident Indian Citizens can invest in NSC. The following people are not allowed to make investment in NSC- ..

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Is Your Term Plan Giving You the Right Coverage? Find Out

A term plan is a contract between the insurance company and the policyholder, towards which the latter pays the former a fixed amount annually for a fixed number of years. Statistics reveal that about 1.28 trillion INR is the total value of insurance premium in India. In return, the insurance company will give a predetermined amount to those nominated by the policyholder on the latter's demise, in the manner mutually agreed upon. The purpose of term plans is to protect the loved ones of t..

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How to make visualization and affirmations do wonders!

Why do visualization and affirmations do not work for us the way they are made out to be: Our mind tends to be protective of ourselves, it shies away from trying something which it hasn't experienced before. Moreover our sub conscious mind is store house of our experiences in the past and present. Our experiences become our belief system and once our belief systems are ready, it becomes habit knowingly or unknowingly. For example, initially you are cautious while learning car driving b..

Posted in articles |   3 comments |   786 Views

How to achieve Financial Freedom

What if I told you,that your financial freedom is just Rs. 15,000 p.m. away? Start at 25, and by 45, you can retire with a corpus of Rs. 1 crore and a house worth Rs. 50 lakh! Every Indian is familiar with the concept of "compromise". We have multiple plans, but we almost never have the resources to execute them all. This is when plans get divided into wants and needs, with some plans never seeing the light of day ever again. Among the above two goals, early retirement might be c..

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The Downfall of Sri Lankan Economy

Sri Lanka might be a small economy but it was not a poor country in the 1950s, even at Sri Lanka was much ahead of many Asian countries like India and China after its independence in 1977. Until the second half of the 1950s, the Sri Lankan economy enjoyed a trade surplus owing to rising primary commodity prices. The rising tax revenue from export crops allowed Sri Lanka to invest in free education and free health care facilities. So, how did the economy been struggling so much in recent times th..

Posted in articles |   3 comments |   2172 Views

Understanding Infrastructure Projects and their Financing and Eventual Execution & Closing

Introduction When I was doing my CA Articleship in the year 1990, I clearly remember the then Railway minister Late Sri George Fernandes laying the first foundation of the construction of the Udupi-Mangalore line in the first phase of construction of the Konkan railway through the SPV known as KRCL (Konkan Railway Corporation Limited) which was a small step in connecting the west coast of India with the rest of the railway network of India which was considered a missing link of approximately ..

Posted in articles |   1305 Views

Key Factors to Consider Before Taking a Personal Loan

Speedy loan disbursal, no restrictions on end-usage of loan proceeds, minimal documentation and no requirement of collaterals or margin amount make personal loans a preferred option for customers facing financial shortfalls. The personal loan features like interest rates, tenures, processing fee, etc. can vary widely depending on the lender and the credit profile of the loan applicants, implying varying implications on their financial health. Here are some factors that wou..

Posted in articles |   2547 Views

JanSamarth: Launch of new government portal

The Government of India has launched a new portal - JanSamarth Portal, a unique one-stop digital portal linking all government schemes.  This new portal has been launched to provide a one-stop destination for all government schemes available for financial assistance for different industries and lenders on board.  At present, the portal has 13 schemes in 4 different categories under which loans can be taken by the eligible businesses from the 125+ lenders which have been onboarded..

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PM launches National Portal for Credit Linked Government schemes - Jan Samarth Portal

PM inaugurates iconic week celebrations of Ministry of Finance and Ministry of Corporate Affairs PM launches National Portal for Credit Linked Government schemes - Jan Samarth Portal Increased public participation has given impetus to the development of the country and empowered the poorest: Prime Ministe The Prime Minister, Shri Narendra Modi inaugurated the iconic week celebrations of the Ministry of Finance and Ministry of Corporate Affairs here today. This week is being celebrated b..

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FM Nirmala Sitharaman to launch Training Modules of Department of Expenditure

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to launch of Single Nodal Agency (SNA) Dashboard during the Iconic Week Celebrations of Azadi Ka Amrit Mahotsav celebrations of Ministry of Finance Smt. Sitharaman will also launch Training Modules of Department of Expenditure Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to launch of Single Nodal Agency (SNA) Dashboard during the Iconic Week Celebrations of Azadi Ka Amrit Mahotsav ..

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States to get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23

Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 States Total Revenue Deficit Grant released to States so far in current financial year has gone up to Rs. 21,550.25 crore States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23 The Department of Expenditure, Ministry of Finance has on Monday released the 3rd monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States.  The grant has been released as per the reco..

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FM Nirmala Sitharaman attends 2nd BRICS Finance Ministers and Central Bank Governors Meeting

Union Finance Minister Smt. Nirmala Sitharaman attends 2nd BRICS Finance Ministers and Central Bank Governors Meeting Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated via virtual mode in the second BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the BRICS China chairmanship, here today. The agenda of the meeting included discussions on outcomes of BRICS Financial Cooperation agenda for 2022. This included discussion on BRICS Join..

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Can NRI buy agricultural land in India?

In case of NRI, OCI, PIO it is being governed by Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018, section 3 of the act is recited as under: 3. Acquisition and Transfer of Property in India by a Non-Resident Indian or an Overseas Citizen of India:-   An NRI or an OCI may (a) acquire immovable property in India other than agricultural land/ farm house/ plantation property: Provided that the consideration, if any,..

Posted in articles |   2367 Views

Benefits Of Sukanya Samriddhi Yojana

Ensure High Returns For Your Girl Child With This Plan The Sukanya Samriddhi Yojana (Girl Child Prosperity Scheme) is a savings scheme designed to meet the education and marriage expenses of the girl child. The scheme was launched by the government of India in 2015, keeping in mind that women are an under-served population in India, often deprived of basic necessities like education. Their well-being has also been marginalized by families which tend to invest more in their sons as opposed to ..

Posted in articles |   948 Views

Govt revises premium rates of PMJJBY, PMSBY w.e.f. 1st June 2022

First ever Revision of premium rates of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) w.e.f. 1st June 2022 1st revision in the premium rates since inception of both schemes in 2015, 7 years ago In view of the long-standing adverse claims experience of the schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), and in order to make them economically viable, the premium rates of the sch..

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Monthly Review of Accounts of Union GoI for the month of April 2022 for the FY 2022-23

The Monthly Account of the Union Government of India for the month of April 2022 has been consolidated and reports published. The highlights are given below:- The Government of India has received ₹1,99,983 crore (8.8% of corresponding BE 22-23 of Total Receipts) for Apr 2022 comprising ₹1,84,557 crore Tax Revenue (Net to Centre), ₹11,938 crore of Non Tax Revenue and ₹3,488 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans ₹429 crore and Miscellaneous ..

Posted in news |   138 Views

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