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Some of us tend to compare our career scripts to that of previous generations. We only see the difference in salary level, not knowing that Rs 100 in the 1960s is Rs 8,858 in 2022! (This assumes an inflation rate of 7.5%). Therefore, using the same old scale to measure the success or effectiveness of …
For parents, saving for their children’s future is at the top of their priority list. That’s right. A good course at a good university can put a child’s career on the right track. While there are several investment options to help secure your children’s future, here are the top three: Sukanya Samriddhi Yojana (SSY): For …
Total public debt, measured as debt to government gross domestic product (GDP), is expected to remain high at 30-31% in the current fiscal year 2022-23, about the same as the previous fiscal year at around 31, 5 %. said the largest national rating agency CRISIL in its report published on November 10. Additionally, the report …
Last week, when inaugurating a new aircraft factory in western India, Prime Minister Narendra Modi resorted to a slogan he coined just months after taking office in 2014: “Make in India.” This time, however, he added: “Do it for the world.” This is not the first time Modi has pointed out that India needs to …
India’s headline retail inflation rate fell to a three-month low of 6.77% in October from 7.41% in previous months with a favorable base effect, data from the Ministry of Statistics and Program Implementation showed on 14 of November. At 6.77%, the latest Consumer Price Index (CPI) inflation reading is broadly in line with expectations. According …
The Insurance Regulatory and Development Authority of India (Irdai) is actively considering giving policyholders the flexibility to change agents at any time during the policy term, as long as the policy term is 20 years or less. . Customers should use this privilege to only connect with agents who build lasting relationships. For now, insurers …
A number of high-net-worth charities and trusts are at risk of losing their tax-exempt status due to two recent Supreme Court (SC) rulings if they don’t undertake a proper internal restructuring, tax experts said. However, since the judgments are applied prospectively, these companies do not have to pay higher amounts of taxes for previous periods …
The number of new home buyers is increasing across the country. Total sales in the seven largest cities are expected to exceed 3.6 lakh units in 2022, according to a report. The uptick in home buying makes it imperative to stay on top of property taxes and the implications of not paying. Local authorities collect …