Prior to investing in a fixed deposit in a bank, depositors are recommended to compare the interest rates of different banks. This can help them maximise their earnings. Typically, depositors opt for a bank with which they share a long-term banking relationship. However, it should not be seen as a rule of thumb. Sometimes, a…
The Central Board of Direct Taxes (CBDT) has released the Central Action Plan (CAP) for the fiscal year 2024-25, charting a roadmap for the Income Tax Department as India approaches the centenary of its independence in 2047. CAP 2024-25 calls for quick resolution of high-priority tax demand cases, identification of above â‚ą2 lakh cash transactions…
If you are planning to study for an MBA in an overseas university, one of the key factors to consider is the cost involved in it. There are two popular destinations for the Indian students wanting to study abroad: US and UK. There is no denying the fact that the US is the most popular destination…
New investors should be cautious as they invest in the financial markets since we are already half-way through the bull run. And a lot of sectors and stocks are trading at a very high premium to their P/E averages, says Jayesh Faria, Director, Regional Head, West, Motilal Oswal Private Wealth in an email interview with MintGenie. He also…
When it comes to fulfilling short-term financial goals, people usually have the option to either plan for it by accumulating money or fund it with a credit card/ personal loan. The second option will give you instant gratification, and the first option may take some time and hence may give delayed gratification. In this article,…
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…
1:10 Stock split effect: As Rome was not built in a day, a stock market investor can’t become rich overnight. It is often said that money is not in buying and selling stocks but in waiting. This rule also applies to an IPO (Initial Public Offering) investor. If an IPO investor is convinced about a…
Acknowledging the importance of financial security and future planning, having an intention to save money is an excellent initial stride! Yet, saving money isn’t straightforward due to increasing prices and the impact of loans, debt, and taxes on our monthly income. To translate that intention into action, consider these steps: Monitor and automate your expenses…
What enables the affluent to attain and maintain wealth? Why do some individuals see their fortunes and respect diminish over time? Why does prosperity seem out of reach for many, despite their belief in their chosen path? Many fail to recognize that the wealth gap is a multifaceted issue that extends beyond mere income disparities….
These assets, which include uncollected shares, dividends, mutual funds, and more, pose a substantial burden that is made worse by problems like insufficient knowledge, out-of-date information, and ineffective administrative procedures. Notwithstanding these obstacles, nascent technologies such as blockchain and artificial intelligence (AI) have prospects for expediting the detection and retrieval of these misplaced assets. This…
