Understanding the Term ‘Finance’
Understanding the Term ‘Finance’ Finance is a wide concept that defines activities associated with banking, leverage or debt, credit, capital markets, money, and investments. In other words, finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that […]
Financial Literacy
Financial literacy is one of the most significant subjects for many nations. It is taboo for developing nations like India, where the majority of the people are not aware of finance and its benefits. Many consumers have a common understanding of holding credit cards, banking, money transfer, etc. Such financial stability may sometimes even expose […]
Importance of Financial Literacy in India
Importance of Financial Literacy in India Financial literacy in India is still taboo for many of them, especially in regional sectors. Financial literacy refers to the skills and knowledge about finance that are used to make an informative decision while maintaining income and resources. Financial literacy allows a person to make a robust and viable […]
What is Financial Literacy?
What is Financial Literacy Financial Literacy, is the rationalizing of financial components such as budgeting, investing, borrowing, taxation, and personal financial management. The absence of such components or skills is referred to as being financially illiterate. Many nations especially developing countries like India, lack financial literacy. Let’s us all understand the components of Financial Literacy. […]
The Meaning and Implications of Your CIBIL Score
The Meaning and Implications of Your CIBIL Score A person may encounter people talking about CIBIL score quite often these days, especially when he or she tries to avail any type of credit from financial institutions. In such scenarios, it becomes very important to be aware of this very crucial terminology which reflects one’s credit […]
What Should You Do If You’re in Debt in India?
What should you do if you’re in debt in India? Being in debt in India has now become more and more stressful, What should you do if you’re in debt in India With high profile debtors and fraudsters like Nirav Modi, Vikram Kothari and our favourite Vijay Mallaya has made life for the ordinary debtor […]
Planning and Rationalizing the Spending of Salary Expenses
Planning and Rationalizing the Spending of Salary Expenses Everyone loves that day of the month when they hear the sweet chime of their phone’s massage tone informing them of their salary being credited in bank account. However, the important task of spending that credited amount responsibly, starts after the credit. Let us try to understand […]
Coping with Financial Stress
Coping with Financial Stress Millions of people around the globe were affected by the financial crises and stress caused by COVID19 and the subsequent lockdowns. The global economy was adversely affected where many jobs were lost, and many businesses were on the edge of shutting down. The crisis had made people vulnerable, not only were […]
7 Steps to Avoiding Falling into a Debt Trap
Debt is One Party’s Liability, and Another Party’s Asset During the period of our ancestors, paying off debts was practiced traditionally. Debt for them was equivalent to society’s judgments. The easiest way for them to recover all their debts was to use their savings. They used to save their income first and make suitable provisions […]
Operation Hafta Vasooli- Know What RBI crackdowns on lending apps
Operation Hafta Vasooli- Know What RBI crackdowns on lending apps The campaign – Hafta Vasooli was boosted for unfair lending practices by digital lending platforms. Zee business carried out the sting operation, in order to gain more influence over illegal lending practices. The purpose of launching this campaign was to protect innocent borrowers who had […]
