Financial awareness has always been low in the army and seniors hardly discussed money or investments, he added. Chauhan’s views reflect a broader pattern among defence personnel in the Army, Air Force, and Navy, where financial awareness has traditionally been low. “Financial ignorance and lack of time combined, saving in provident fund (called Defence Service…
In our generation, healthy saving habits were instilled early on through the simple gift of a piggy bank. Any money we received, be it as birthday gifts or rewards for our achievements, was encouraged to be saved in the piggy bank and used wisely when we wanted to buy something. This practice was a foundational…
Now that you’ve seen it, tell me doesn’t that sum up half the financial arguments you see online. You say mutual funds? Someone screams “stocks!” You say fixed deposits (FDs)? Someone else declares them useless. Apparently, on social media, picking one thing means trashing everything else—and nuance has left the chat. Here’s the truth: very…
In a world flooded with flashy deals and fine print, basic numeracy—the ability to understand and work with numbers—is more important than ever. Yet time and again, people fall for offers that don’t add up, misunderstand financial terms, or overlook critical details that could save (or cost) them real money. Two stories—one from fast-food history…
As we enter the financial year 2025-2026, a lot has changed in recent times. Financial markets have been extremely volatile, interest rates are on a decline after a five-year hiatus, and US President Donald Trump’s tariffs have left the world markets jittery. Amid this turmoil, many investors who have specific long-term investment goals are in…
Starting a new job is an exciting milestone for many young professionals. However, alongside the job opportunity come financial responsibilities and challenges that require careful planning. To build a stable financial future, first-time earners must be aware of and avoid common mistakes that could hinder their financial growth. This article explores these common pitfalls and…
Income distribution has evolved over time, with the bottom 60% of India’s population witnessing an increase in their income share from 27% in 2004-05 to 32% in 2015-16, signalling better economic inclusion. However, this progress was disrupted during the pandemic, with their share dropping to 23% in 2020-21 before recovering to 31% in 2022-23. The…
As we celebrate International Women’s Day on March 8, it’s the perfect time to focus on the importance of financial literacy for women. This year, let’s move beyond the celebration and focus on steps that empower women to achieve financial independence. Financial literacy and strategic investments are key to securing a stable future. From the…
Undoubtedly, the digital era has increased accessibility to financial products. Now that there are investment apps and online banking, handling money is easier than before. However, this accessibility may also come with a set of drawbacks. Most importantly, there has been a notable rise in consumer debt as a result of how easy it is…
