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RBI, Foreign Exchange, USD

RBI’s foreign exchange reserves cross USD 500 billion

For the first time in history, the RBI’s foreign exchange (forex) reserves have increased to more than USD 500 billion. For the week ending June 5, 2020, RBI’s forex reserves increased by USD 8.4 billion. Since April 3, 2020, forex reserves have increased by approximately USD 27 billion. Why have forex reserves increased? The most Read more about RBI’s foreign exchange reserves cross USD 500 billion[…]

Investing - Covid19

Jaan Hai Toh Jahaan Hai

“Jaan Hai Toh Jahaan Hai” was the war cry against Covid 19 when the Prime Minister announced the lockdown. Staying at home brought the people protection although at the cost of loss of income. This action was needed but was not sustainable. Staying at home was safe but not good for livelihood and certainly not Read more about Jaan Hai Toh Jahaan Hai[…]

Story of Samsung

Story of Samsung- If it’s not working, change:

The Samsung Group is a South Korea-based conglomerate company that makes everything from dishwashers to smartphones, has become one of the most powerful and recognizable names in tech. A lot of people are even lumping Samsung together with Apple, Facebook, Microsoft, Amazon, and Google as one of the most important tech companies right now. So Read more about Story of Samsung- If it’s not working, change:[…]

Pradhan Mantri Vaya Vandana Yojana Pension Scheme

Pradhan Mantri Vaya Vandana Yojana Pension Scheme – PMVVY

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme available for senior citizens. The Indian Government launched a pension scheme and it can be taken from 4 May 2017 to 31 March 2020. In the 2018-2019 Budget Speech, the Government of India increased the maximum limit to Rs.15 lakh under the Pradhan Mantri Vaya Read more about Pradhan Mantri Vaya Vandana Yojana Pension Scheme – PMVVY[…]

PPF

New PPF rules: Five changes you should be aware of

The government recently announced many changes in PPF rules for benefit of account holders New PPF rules relate to deposits, loans and premature withdrawal The government recently notified new rules for public provident funds or PPF accounts for the benefit of account holders. PPF is one of the most popular small savings schemes and it offers a Read more about New PPF rules: Five changes you should be aware of[…]

Life insurance policy guidelines set to change from February 1.

New guidelines for unit-linked insurance plans (Ulips) and traditional life insurance policies will come into effect from February 1, 2020 The Insurance Regulatory and Development Authority of India, (IRDAI), has instructed insurers to make changes in Ulips and traditional life insurance policies. Some of these changes include: Time period within which a policy can be Read more about Life insurance policy guidelines set to change from February 1.[…]

SIP

How a monthly SIP of Rs 5,000 fared over the last 15 years?

SIP Investment Rs 5000 Per Month It is often said that one should invest in equities and equity-oriented investments such as equity mutual funds with a long term horizon. While there is no guarantee for a positive return in the equity asset class, an analysis by CRISIL shows that the risk of getting negative returns Read more about How a monthly SIP of Rs 5,000 fared over the last 15 years?[…]

LIC’s annual bonuses

How LIC’s bonuses work

LIC’s annual bonuses come out of the valuation surpluses in policyholders’ funds. They are not guaranteed They are simple additions to your account and don’t compound. They are not comparable to other kinds of returns because they are calculated on your Sum Assured and not Premiums paid. Strongly refuting social media rumors that it was Read more about How LIC’s bonuses work[…]

5 Most Common Personal Finance Mistakes

5 Most Common Personal Financial Mistakes

For better or worse, money is a big part of most people’s lives and it’s easy to get caught up in financial mistakes that will hurt you in the long run if you’re not careful. Certain financial mistakes can wreak havoc on your financial future, leaving both you and your loved ones under the shadow Read more about 5 Most Common Personal Financial Mistakes[…]