The most important rule of investing is consistency. Putting aside money for your financial goals every month is an absolute must. How much you end up with does depend on how much you invest, but you also need to keep in mind that longer tenures of investment can give amazing results.
Let us take an example of Rs 1,000 being invested every month in any investment avenue that generates a modest return of12% per annum over a 30-year period. The investor will end up with around Rs 35lakh at the end of 30 years. This is much higher than the invested amount........ Read More
‘Make in India’ has come to signify the hopes of an aspiring generation of our country. India’s growth story, both in the short and the long term, will depend a lot on whether it can transform this slogan into reality. But before this, it is important to understand what exactly does ‘Make in India’ mean and whether it is the most efficient route to achieve a positive transformation of our economy. The Make in India initiative includes under its ambit 25 manufacturing sectors of the economy........ Read More
I never have any money left over after paying my bills to even think about financial goals. I am frustrated because I know I have to do more than just think about my future. Can you help?
It is not how much you make, but what you do with what you have got. Proper money management does not involve a magic formula to find more money; it simply means getting the most from the money you have.
Before you can begin to manage your money, you need to identify and write down what is important to you and use your list to help you determine goals for your money......... Read More
Have you ever wondered what the best things are that you can do for your financial future? Here is our list of the smartest things that anyone can do for their finances.
If you are spending more than you earn, you will never get ahead—in fact, your finances are headed for trouble. The best way to make sure that your income is greater than your expenses is to track them for a month or two and then make a budget. It can be a very simple budget........ Read More
Here are five key terms you should know to understand the policy:
1) CRR: Banks have to park a portion of their deposits with the Reserve Bank. They do so by buying government securities from the RBI. How much depends on the Cash Reserve Ratio or CRR. This acts as safety in times of crises.
However, the RBI regularly changes the CRR to regulate liquidity levels in the system. Higher the CRR, lower the liquidity in the system. With lesser money in the pockets, banks can only lend so much. This helps curb demand, and thereby puts downward pressure on inflation........ Read More