The rates are falling everywhere (except the US) and so EPFO also finalized the interest rate to 8.65% pa for 2016-17. This is a fall of 15 bps (1%=100 basis points) as earlier it was an 8.8%. The EPFO (Employees Provident Funds Organisation), has roughly 17 crore accounts and every year they take a view on the prevailing rates and announce for any new cut or increase.Read More
Why Do Women Stay Away from Money & Wealth Management
Why Do Women Stay Away from Money & Wealth Management? Women have never liked finance and this thinking got inside me when we passed our 10th standard and were divided as per the subjects were chosen. Very few girls wanted to go with commerce. Many got around science and even humanities had takers but nobodyRead More
Save Some Extra Money by Going Digital
On 8th Dec 2016, Government through our Finance Minister announced 11 new measures to promote digitalisation of payments. Some of these incentives not only provide some extra cash, but some measures cover a part of your risk (insurance). Why not embrace some extra gains!!! But for this, you need to learn a bit of technology andRead More
Demonetization Impact PART 3: Impact on Your Investments
More than a month has passed since the demonetization decision and people have solved or planned to resolve the cash in hand problem. But what about investments? If you have already made investments in share or mutual funds or property, what do you see the returns will be after all this settles down? All avenues will have a different effect and the intensity will also differ. That is why diversification is a must for a healthy portfolio.Read More
Demonetization Impact PART 2: Impact on Economy
The economy is also important as it is a summation of entire country’s well being. Emotions are linked to the economy as economic news builds people’s mood. Demonetization is one such economic event which has drastically changed everyone’s way of thinking. Social media is full of reactions. The common man is tweeting, commenting & making videos express what they feel.Read More
Demonetization Impact PART 1: Impact on Sectors
I think the note exchange frenzy has halted or lessen a bit and we can see a long picture now. I purposely delayed my analysis, as I believed this was a huge event and in a war, the casualties and gains can only be ascertained, when the fight stops during evening hours and dust settles. A lot of my friends asked why am I not writing on Demonetization? My response is simple – I am not in News business to create headlines. I believe in spreading awareness.Read More