Subscribe

   

 

Premium Sponsors

Find us on Facebook

 

Personal Finance Articles

Insurance: A Necessity in the present times?

Insurance: A Necessity in the present times?

We all are susceptible to the hard situations and unforeseen circumstances and calamities in our life, Insurance is one investment that keeps an individual and his family secured and insulated from the harsh realities of life like death, sickness, loss of income, sick investments etc. It is imperative to have an insurance cover that adequately protects the policy holder and his immediate family in case of unforeseen calamities and it is advisable to enhance the cover value from time to time evaluating the income levels and rising cost of living, and this can be achieved by a simple process but has many benefits as you are entitled to more dividends and interest bonus and on the expiry of the cover you are given a sizable amount. Apart from the life cover, it is important to have a sufficient  [...] 

Process of Granting Personal Loans to Salaried Persons

Process of Granting Personal Loans to Salaried Persons

Personal loan is a loan taken by an individual form an institution like bank or a financing company for personal use.  A personal loan is offered by the institution to the individuals depending on their past 6 month’s salary and the current salary drawn.  The financing institution appoints an officer in charge for a particular individual who studies his last 6 months to a year profile of work and financial position.  There is investigation process followed for approval of loan.  If the individual has approached a particular financing institution for a loan he or she will specify an amount which he requires as a loan.  The individual will submit all the required documents relevant in applying for the loan which basically includes his or her address proof, the company where he is working,  [...] 

Tax Saving Investments

Tax Saving Investments

With the deadlines to be met soon for filing the tax returns, many tax payers will be in search for tax saving investments, and the most common investments normally fall under the gambit of section 80 C, and are based on simple dynamics of decent returns, stability and safety of the investment, flexibility and fast liquidity and finally the tax benefits. Tax planning should be based on the tax saving investments which are simple to evaluate and analyze, hence a novice or seasoned investor finds it easy to choose the investment option. Public provident fund (PPF), is one of the most viable and top tax saving instrument and it has varied attractive benefits like it is interest rate is linked to the bond yield in the market and the returns are relevant to the existing market conditions, hence  [...] 

Income Tax Returns and Rebates

Income Tax Returns and Rebates

It is the duty of each and every citizen to file their tax returns as this is how the nation will progress. If we do not contribute to the growth of our country then we too cannot prosper beyond a point. Hence when we pay our taxes on time and that too diligently then we are simply paying to enhance the services, amenities and security which our nation provides us. The government does not only take and take, in fact it also has provisions to return in the form of rebates, but often we are ignorant of the facts regarding the same. While filing tax returns it is important and imperative to seek all the relevant details regarding the tax rebates for which you are duly entitled and claim in your tax returns, and if you are ignorant regarding the same, you will lose a chance to lose your rightful  [...] 

Significance of Nomination Forms

Significance of Nomination Forms

  Lately the courts are flooded with cases and applications filed by litigants to claim their right fully inherited property and the legal battle takes a heavy toll on them with rising cost of fighting a legal battle and the time consuming tedious and complex process of law. A simple nomination form duly filed by the property owner in favour of his appointed nominees, who will inherit the said property in case of his demise, can ease the legal litigations and minimize the hardships of the inheritor. Every co-operative society according to the Co Operative Societies Act, must issue nomination forms to all its members and the same must be submitted, and the society will transfer the shares and rights of the property of the deceased to the nominee with absolutely no legal litigations and  [...] 

How To Avoid Falling Prey To Financial Frauds?

How To Avoid Falling Prey To Financial Frauds?

Financial frauds pertaining to credit cards are on the rise, and the amounts involved are huge and the fraudsters are making use of the innovative technology to dupe innocent credit card holders. The techniques used for credit card frauds are phishing, hacking passwords, hacking mobile SIM cards  and laptops or by a misdirected email or a phone call. It is imperative to safeguard yourself from credit card frauds by following some simple tips which we share with our readers: You must contact the bank immediately if you receive an SMS alert about transactions made on your card, and which have not be authorised by you. Under the law, if the fraud has been committed on your credit card, you have to inform the issuing bank and file a formal complaint for the same with the bank, and if during  [...] 

How every financial plan can benefit from gold

How every financial plan can benefit from gold

One of the priorities of people who are driven to succeed and have a meaningful life is to be financially secure, and it’s common knowledge that it’s never too early to start saving up for the future. This is where a sound financial plan comes into play—even those who are not business-inclined would agree that having a plan is a sound method in securing financial stability. Do we really need a financial plan? According to the Personal Finance section of US News, there are many reasons for having one. Financial planning helps in defining monetary goals as well as in determining proper investment allocation. It will also aid in identifying periodic savings and will see to one’s assets should an unfortunate circumstance occur. Employer and insurance benefits are also part of the plan. Investments  [...] 

Know About Just In Time Production

Know About Just In Time Production

  To avoid the problems associated with expensive stock holding, to withstand the volatile business environment, the recession and inflation factor, Japanese Business houses, US Multinational companies are strictly following the concept of  ‘just-in time –production’ which has been devised after a long process of discussion and brain storming. During this process production is geared towards the customer and output is only produced when needed. Raw materials and unfinished goods are ordered “just in time” to enter the process and goods are finished “just in time” for delivery. The concept utilizes a card system, termed as KANBAN, designed to stimulate the ordering of materials and components only when required. A card is attached to the bin or trolley on which components  [...] 

What do you mean by Integrated Budgeting Systems?

What do you mean by Integrated Budgeting Systems?

The common practice adopted today in business enterprises is to optimize the budgeting systems and it has been found that integrated budgets are very effective as most of the business activities today are market oriented and integrated budgets are formatted from sales budgets which are broken down and split in to minute details and then passed over to the production side, as it will form a major input in to the construction of the production budget. The process of integrated budgeting takes in to accounts factors and statistics related to monthly production outputs, purchases of raw materials, manpower planning, salaries and day to day expenses, and whether any necessary capital investment is needed. Every business segment will contribute their input and these all are formatted to gather to  [...] 

Business Trends Evolving in the Modern World

Business Trends Evolving in the Modern World

  The complex world of business today is dynamic, vibrant and at times very volatile. The business climate and environment is constantly changing and it is imperative that the business practices and goals are constantly updated to match the market trends. However every business organization needs to be pro-active, to plan ahead with long term strategies to reach the targeted goals and even put in place contingency plans against likely events, but at times even the conscientious business strategies at times fail due to un expected events, hence the business needs to be reactive even in any adverse situations and crisis management methods have to be adopted to combat the crisis. It is important that business practices must balance with ease between dynamic leadership style, a corporate  [...] 



Page 1 of 5212345...102030...Last »