On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Parliament, announcing modifications to direct taxes. One notable highlight of the Union Budget 2024-25 is the 50% rise in the standard deduction, now up to ₹75,000. This is a beneficial move for salaried taxpayers, particularly those choosing the new tax … Read more
One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made two announcements towards this objective. These include proposals to raise the limit for employer contribution towards employee’s NPS to 14% from the earlier 10%, and the introduction of NPS Vatsalya for minors. Let us understand … Read more
The Time Variant Authority has captured Deadpool, and a man called Paradox tries to lure Deadpool to the dark side. After all, he has nothing to live for. He’s just celebrated a birthday, his girlfriend has left him, he has no job to speak of, and the Avengers have rejected him… Did I say ‘rejection’? … Read more
Do you like investing in gold or invest in gold for diversification of your portfolio? Then you need to know about the recent changes concerning gold that came out in yesterday’s budget. In this article, we will look into the changes and how they might impact your personal finances. The first thing that caught everyone’s … Read more
Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him … Read more
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
This season seems to be both the summer of sport – The Euros, Cricket T20, the Olympics – and elections – India, UK, France, and the exciting run-up to the US. In India, with the election out of the way, the next big event will be the Union Budget. Initial thoughts suggest that we have … Read more
When it comes to long-term financial planning in India, two standout options are Systematic Investment Plan (SIP) and the Public Provident Fund (PPF). Both cater to different financial goals and risk appetites. Let’s delve deeper into their unique features, benefits, and considerations to help you make an informed decision. Systematic Investment Plans SIPs allow investors … Read more
Smallcap stocks have been outperforming the Nifty index for a while now, witnessing robust demand by retail investors, multiple new highs and improvement in corporate earnings. The Nifty Smallcap index has advanced over 25 percent in 2024 YTD as against a 13 percent rise in Nifty. Similarly in the last 1 year, the smallcap index … Read more
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