Retirement planning is crucial, especially when inflation is a silent yet powerful force eating away at your purchasing power. In this article, let’s examine the situation using Rakesh’s example across three income-level scenarios. We have used Angel One’s retirement calculator for the analysis. Scenario 1: Rakesh’s Annual Expense Amounts to ₹6 Lakh Age: 35 years …
The Odisha government has disbursed the 3rd phase of the first instalment under the Subhadra Yojana, providing ₹5,000 each to over 20 lakh women. The initiative aims to empower women through direct financial support. Transfer of Funds and Key Figures The funds were distributed during a public event in Sundargarh, Odisha. Chief Minister Mohan Majhi …
The Subhadra Yojana, launched by the Government of Odisha, aims to empower women by providing financial assistance, raising awareness about their rights, and improving their health and education. Under this scheme, eligible women are granted ₹50,000 over 5 years to promote self-reliance and enhance their overall quality of life. This blog will guide you through …
The Subhadra Yojana is an empowering initiative launched by the Government of Odisha, aimed at enhancing the financial independence of women across the state. Announced by Prime Minister Narendra Modi on May 12, 2024, this scheme offers eligible women a total financial support of ₹50,000 over five years. By fostering self-reliance, it seeks to improve …
On Monday, Prime Minister Narendra Modi launched the Life Insurance Corporation’s (LIC) Bima Sakhi Yojana, a transformative initiative aimed at empowering rural women economically. The scheme focuses on providing rural women with the opportunity to work as insurance agents, helping them earn a livelihood while promoting awareness about insurance in rural areas. By targeting financial …
Vishnu is a 40-year-old IT professional who invested in fixed deposits and a few insurance products through most of his early adult life. Given the current situation of low returns on fixed deposits, he has been pondering about investment in mutual funds for potentially better returns that could multiply his wealth. Being a novice about …
The Goods and Services Tax (GST) system in India mandates that certain registered taxpayers, specifically those required to deduct Tax Deducted at Source (TDS), file GSTR-7 returns every month. The return captures the details of TDS deducted, paid, and payable, including any refund claims. While filing GSTR-7 is necessary for taxpayers involved in TDS deductions, …
Every one of us has a little activist within us, urging us to stand up for what is right. At the heart of these values lies the concept of human rights—fundamental freedoms and protections that belong to every individual, regardless of their background, nationality, or identity. Human rights, as outlined by the United Nations in …
Central banks across the globe purchased 60 tonnes of gold in October 2024, according to the World Gold Council (WGC). The Reserve Bank of India (RBI) led the buying spree, adding 27 tonnes to its reserves. India’s Gold Reserves Hit 882 Tonnes With the October addition, India’s gold reserves now stand at 882 tonnes, of …
The RBI (Reserve Bank of India) will declare its decision on the interest rate today at 10 AM. The announcement follows a 3-day meeting of the Monetary Policy Committee (MPC), chaired by Governor Shaktikanta Das. Economists foresee that the central bank will maintain the repo rate at 6.5%, unchanged since February 2023. Some adjustments to …
