Author: Shehnaz

Planning for retirement is without doubt one of the objectives that we pursue to reside a snug life after we retire. However, retirement solely places a comma within the every day bills and never a full cease. Thus, specialists say you will need to carry on making and reaching your monetary objectives post-retirement.  Anup Bansal, Chief Business Officer, Scripbox explains, “These financial goals unlike retirement planning are short to medium term and can be divided into three major categories.” i) Maintaining a snug life-style, ii) Health bills, iii) Maintaining an emergency fund. Maintaining a snug life-style Post-retirement, together with a…

When retirement is on the horizon, persons are typically confused as to learn how to make investments their the hard-earned cash. Most retirees are inclined to spend money on schemes the place an everyday month-to-month earnings can complement their pension (if relevant). From mutual funds to month-to-month earnings plans to gold, considerable choices can be found out there, however it additionally makes issues complicated. One such possibility is investing the accrued wealth into shopping for a second dwelling. In truth, it has emerged as one of the vital fashionable funding choices these days as property is alleged to extend in…

Macau shut all its casinos for the primary time in additional than two years on Monday as authorities wrestle to include the worst coronavirus outbreak but on this planet’s greatest playing hub. The metropolis’s 30-plus casinos, together with different non-essential companies will shut for one week and other people had been ordered to remain at residence. Police will monitor flows of individuals exterior and stringent punishments shall be imposed for individuals who disobey, the federal government stated. Hospitals, pharmacies, supermarkets and contemporary meals markets are among the important companies that may stay open.Macau has recorded round 1,500 COVID-19 infections since…

Repaying a house mortgage is an extended and costly dedication, and retaining monitor of your private home mortgage will help you notice hidden fees, accomplish the mortgage’s well timed compensation, and get monetary savings in the long term. Here are some actions that may enable you to keep on prime of your private home mortgage with ease. Visit your on-line mortgage portalWhen your mortgage is disbursed, the financial institution offers you entry to the house mortgage portal. This portal comes with a variety of instruments that enable you to monitor your EMI compensation, know concerning the current and previous rates…

Historically low rates of interest are historical past for now. The current RBI hike of repo charges by 90 foundation factors will impression new dwelling mortgage debtors probably the most as they’ve simply began their reimbursement journey, and their mortgage tenor is lengthy. Since most dwelling loans are taken on the floating rate of interest nowadays, debtors must face a rise of their mortgage tenors. Recent dwelling mortgage debtors had taken dwelling loans at rock-bottom charges, comparable to 6.5% for dwelling loans, however this golden interval of low-interest charges has ended. The mortgage tenor and EMIs will enhance with extra…

Gold costs have moved up round 3% to Rs 52,164 within the home market every week after the federal government raised the import obligation on the steel by 5% to 12.50%, with the efficient obligation at 15%, together with the two.5% agri cess. The hike was carried out to verify the ballooning present account deficit amid rising imports of the yellow steel which spiked to $2.61 billion in June this yr from $969 million a yr in the past. The improve in customs obligation on gold can also be reflecting within the buying and selling costs on change and the…

Retirement fund physique EPFO will take into account and approve a proposal for organising a central pension disbursal system in its assembly on July 29 and 30, paving the way in which for crediting the profit into over 73 lakh pensioners’ financial institution accounts in a single go throughout India. Presently, over 138 regional places of work of the Employees’ Provident Fund Organisation (EPFO) disburse pensions to beneficiaries of their area individually. Thus, the pensioners of various regional places of work are getting pensions at completely different occasions or days. “A proposal for setting up a central pension disbursal system…

A recently-released knowledge by the Reserve Bank of India (RBI) reveals that bank card spending hit an all-time excessive 12 months on 12 months in India. With the rise in transactions, bank card customers, particularly the first-time and younger customers, are suggested to use additional warning in dealing with these monetary merchandise. Here are some tricks to eradicate security issues whereas utilizing your bank cards. Avoid Sharing Your Credit Cards A bank card is like your financial institution password. Only you might be allowed to make use of it. You can’t give it to kin or mates. Giving your bank card to…

Asset administration corporations added 51 lakh investor accounts in June quarter, taking the whole tally to 13.46 crore, on growing consciousness about mutual funds and ease of transactions via digitisation, and consultants hope the continued monetary yr to be promising too. In comparability, 93 lakh accounts (or folios in mutual fund parlance) have been opened in March quarter, whereas a staggering 3.2 crore investor accounts have been added within the final 12 months, knowledge with the Association of Mutual Funds in India (Amfi) confirmed. Although there have been fewer folios in April-June this yr than within the March quarter, there…

India recorded a touch decrease variety of circumstances on Saturday in comparison with that on Friday, July eighth. According to the information launched by the well being ministry, the variety of Covid-19 circumstances within the nation was 18,257, within the final 24 hours. There had been 42 deaths reported within the nation, taking the whole dying toll to five,25,428. The largest contributor to the nation’s new Covid-19 caseload is Kerala, with 3,186 new infections. Delhi sees 544 new circumstances, positivity 3.37 p.c In Delhi, the variety of coronavirus circumstances on Saturday elevated to 544, with two deaths. The positivity charge…