Is luxury losing its luster? How status symbols became commonplace

Is luxury losing its luster? How status symbols became commonplace

There was a time not so long ago when luxury handbags made the loudest status statement. If you wanted to claim that you have arrived, without really using words to that effect, one just bought a luxury handbag, the cost of which onlookers could only guess would go into a few lakhs. Things have evolved … Read more

Brokers dominate client consent requests in account aggregator system to verify income, open F&O accounts

Brokers dominate client consent requests in account aggregator system to verify income, open F&O accounts

Half of the client consent confirmations obtained by financial information users regulated by the Securities and Exchange Board of India were used to verify income and determine their eligibility to open futures and options accounts, underscoring the need to provide more holistic financial advisory services in India, a report showed. About 48% of the consents … Read more

Riches Revealed: 3 game-changing habits of wealthy people

Riches Revealed: 3 game-changing habits of wealthy people

What enables the affluent to attain and maintain wealth? Why do some individuals see their fortunes and respect diminish over time? Why does prosperity seem out of reach for many, despite their belief in their chosen path? Many fail to recognize that the wealth gap is a multifaceted issue that extends beyond mere income disparities. … Read more

Budget 2024: 48% households face declining income and savings, reveals survey; hopes pinned on income tax relief

Budget 2024: 48% households face declining income and savings, reveals survey; hopes pinned on income tax relief

India’s 48 per cent of households expect a reduction in their household annual earnings and savings for the financial year 2024-2025 in comparison to the previous year, according to a survey conducted by LocalCircles, a research agency. The survey was conducted with a sample size of 21,000 respondents from 327 districts in India. The cluster … Read more

How can single women build emergency funds? Here are 6 key ways

How can single women build emergency funds? Here are 6 key ways

Financial security is a cornerstone of independence and peace of mind, especially for single women in India. Building a robust emergency fund is crucial, providing a safety net against unexpected expenses and economic uncertainties. Single women in India face unique financial challenges, including lower average incomes, limited access to financial resources, and societal pressures that … Read more

Income Tax Return: How to choose the correct ITR form for tax filing

Income Tax Return: How to choose the correct ITR form for tax filing

Filing income tax returns (ITR) is an essential responsibility for every taxpayer in India. The process begins with selecting the appropriate ITR form, which varies depending on your income sources, residential status, and other financial particulars. Choosing the correct form ensures compliance with tax laws and helps in accurate reporting of income. This article serves … Read more

What is the greatest secret of creating wealth? MintGenie explains

What is the greatest secret of creating wealth? MintGenie explains

In any financial well-being session, the part which gets the audience visibly excited is when the talk on investing begins. This is not surprising because we all want to create wealth, be richer, and have more money to spend. While it’s true that identifying the right type of investment goes a long way in your … Read more

Where does your money really come from?

Where does your money really come from?

One of the most common errors we make is visualising our income as arriving from a distant source like our organisation. We put a ‘psychological distance’, a gap between our income and ourselves. Sarah Newcomb, in her book Loaded highlights this phenomenon, which might resonate with those who perceive their income originating externally. “Our money … Read more

Budget 2024: Centre’s FY25 gross market borrowings pegged at ₹14.13 trillion

Budget 2024: Centre's FY25 gross market borrowings pegged at ₹14.13 trillion

New Delhi: The central government plans to borrow a gross ₹14.13 trillion from the bond markets in 2024-25 to finance its fiscal deficit, according to the interim budget for FY25 presented in parliament on Thursday. The government, which reiterated its commitment to a continued fiscal consolidation, has set a fiscal deficit target of 5.1% of … Read more