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Although mutual funds are seen as a way to build wealth, many investors don’t have the patience to stick with them for the long haul. According to experts, this is one of the main reasons why the returns you get on your hand are so much lower than the amount stated in your fund’s fact …
Despite the constant threat of Covid-19, the new global threat of monkeypox, and the decline of the Indian rupee against the dollar, many Indians continue to travel abroad. Airports are crowded and flights are full. In any case, the only thing you need to clarify before traveling is how much money you want to take …
Many people have this habit of keeping track of their expenses. While not an uncommon habit, it has transformed avatars in recent years. People used to keep track of their spending on paper. But now there are hundreds of free apps that will do it automatically. Just search “Expense Tracker” in your phone’s app store …
There has been an improvement in gender diversity in mutual fund management, with the number of female fund managers increasing to 32 this year from 30 a year ago and 18 in 2017. According to the recently released Morningstar Women Fund Managers Report 2022, that number only dropped after the 2020 pandemic, when it fell …
US economic growth contracted 1.4% on an annualized basis in the first quarter of 2022 as the Omicron variant of COVID-19 and reduced government spending hit consumers and businesses, data showed the government on Thursday. The data was much worse than the modest increase analysts had expected after the economy grew 6.9% in the last …
The cost of education at foreign institutions, already much higher than its Indian counterparts, has risen sharply in recent decades. While most major banks and some non-bank financial firms offer study abroad loans, large loan amounts and tighter work visa restrictions increase the risk of remaining in debt. This makes it even more important to …
It will take almost 15 years for the Indian economy to recover from the losses suffered during the coronavirus pandemic, according to the Reserve Bank of India (RBI) FY22 monetary and financial report. “Assuming a real growth rate of -6.6% for 2020-21, 8.9% for 2021-22 and an assumed growth rate of 7.2% for 2022-23 and …
The Federation of Hotel and Restaurant Associations of India (FHRAI), which also includes MSMEs and other companies, has again issued a statement to the Secretary of the Treasury, Nirmala Sitharaman, requesting her intervention to support the loan guarantee program of 60 billion announced this year in June. The association had also asked Nirmala Sitharaman to …
