Author: Finance Khabar
Finance Desk – As a new government prepares to take charge, there’s a buzz of optimism among banks regarding the liquidity conditions. But first let know, what is liquidity in banking world, it means how much cash banks have on hand to meet immediate demands. When banks have a shortage of this cash, it’s called a liquidity deficit. In the past few months, banks have been tight on cash. This was because the government hadn’t been spending as much money, also, there were cash outflows due to payments related to the Goods and Services Tax (GST). To help banks manage,…
Google has recently launched a new initiative “Google for Startups AI Academy: American Infrastructure”. This program is aim to integrate artificial intelligence (AI) technology into public sectors on areas such as agriculture, energy, education, and more. The program spans 12 weeks and is specially tailored for startups that are keen on utilizing AI. Participants will not only gain invaluable insights developed by Google’s People + AI Research (PAIR) team but will also partake in advanced workshops focused on sales and market strategies. This initiative is equity-free nature, this means startups can participate without giving up any ownership stakes. Graduates from…
Finance Desk – Health insurance is about to get faster in India because of the new regulations from the Insurance Regulatory and Development Authority of India (IRDAI). IRDAI has now mandated that health insurance companies must settle cashless claims within 3 hours. This simply means, when your family member is hospitalized, the insurer needs to approve your cashless treatment request within just 1 hour. If they fail then, any extra charges incurred will be the insurer’s responsibility. Before this, hospitals and insurance companies took a long time to settle bills. Now, the new rules make this quicker by reducing the…
Finance Desk – What to use a debit or credit card? it’s important to understand the basic differences. Both types of cards offer convenient ways to pay, but they work differently. Debit Card: A debit card is a direct linked to your bank account. When you buy something with a debit card, the money comes out of your account saving. You’re spending your own money. Credit Card: A credit card is like a short-term loan. Every time you use it, you’re borrowing money from the credit card company. You can spend up to a certain limit set by the company.…
Want to grow your saving? If yes, then major banks like IDBI Bank, Indian Bank, and Punjab & Sind Bank are offering attractive interest rates of up to 8% on fixed deposit schemes. But the offers are only available until June 30, 2024. So hurry up! These special fixed deposits are time-bound schemes that banks offer periodically. They provide higher interest rates compared to regular deposits. IDBI Bank Utsav FD: 300 Days: 7.05% per annum; Senior citizens 7.55%. 375 Days: 7.1% per annum; Senior citizens 7.6%. 444 Days: 7.2% per annum; Senior citizens 7.7%. Indian Bank Special FD: Ind Supreme…
Finance Desk – Recently, Richa Chadha shared some personal insights on financial planning during a podcast called UnStreeOType. She highlighted the importance to invest in mutual funds and the stock market for the women. Richa share that her own investment in a mutual fund came to her rescue during her wedding to actor Ali Fazal. They both also announced they are expecting their first child. She faced unexpected expenses as they were also funding a film. She said, the returns from her mutual fund over the costs of one of the wedding ceremonies. The actress urged women not to rely…
Finance Desk – The real estate market is growing rapidly and more people want to invest to own their dream home. However, getting a home loan requires careful planning. Here’s a simple guide. By following these simple steps, you are ready to take on a home loan. (Image/Pixabay)
Finance Desk – When considering whether to use instant loan apps for personal loan, it’s important to know the pros and cons carefully. Here are some straightforward points you should know: By keeping these points in mind, you can make a more informed decision about whether to use an instant loan app or not. (Image/Pixabay)
Finance Desk – Fixed deposits (FDs) are one of the most secure investment options available. With this the State Bank of India (SBI), offer FDs with varying time frames such as 1-year, 2-year, and 5-year durations. Although SBI has several FD options, but their 5-year FD stands out due to its tax benefits under Section 80C of the Income Tax Act. So consider is a smart choice for reducing your taxable income. How Rs 5 Lakh Investment Grow? Principal Amount: Rs 5 lakh Interest Rate: 6.50% per annum Duration: 5 years If you invest Rs 5 lakh in this FD,…
Finance Desk – Google Pay introduced a new helpful feature that lets users to easily view the benefits of your credit cards while shopping online. Now, when you check out using Google Pay on your laptop, you can see what rewards or savings your credit cards offer which includes cash back or any extra points. Right now, this feature is available for some American Express and Capital One cards. Google will include more cards in the future. When you pay and choose a credit card, a menu will pop up showing each card and its benefits. Isn’t it amazing? Additionally,…
Meerut – Making it to the Forbes 30 Under 30 Asia list is a prestigious milestone for young entrepreneurs, celebrating those who have made significant achievements before turning 30. This year, Forbes has selected Sunny Garg, Shaifali Jain, and Archit Chauhan, co-founders of Crib, a digital ecosystem that connects landlords, tenants, and entrepreneurs. Crib, founded in 2022, offers a comprehensive SaaS-based solution for landlords that enhances operational efficiency, streamlines finances, and boosts sales. For tenants, Crib provides a modern platform to explore and book properties while enjoying exclusive discounts. Sunny Garg, hailing from Delhi, and Shaifali Jain from Meerut, were…
Meerut — Bharti Airtel (“Airtel”) and Google Cloud today entered into a long-term collaboration to deliver cloud solutions to Indian businesses. The strategic collaboration will offer a suite of cutting-edge cloud solutions from Google Cloud to fast-track cloud adoption and modernization for Airtel’s customers. In addition, Airtel will provide a suite of cloud managed services to its customer base of more than 2,000 large enterprises and one million emerging businesses. Through this collaboration, the two companies are targeting the large and growing Indian public cloud services market, which is expected to reach $17.8 billion by 2027, according to IDC.* The…
Finance Desk – A recent survey found that over 40% of people who tried to claim their health insurance faced issues. Let’s break down this: A group called LocalCircles conducted a survey and discovered that many people have trouble getting their medical bills paid by their insurance. Problems with Claims: Many people face issues like their claims being rejected, or facing delays in the insurance company. Confusing Terms: Insurance documents often use complex language that can confuse you about what is covered and what is not. Pre-existing Conditions: Sometimes, claims are rejected if the insurance company thinks the medical issue…
Finance Desk – Mutual funds are a popular choice for investing because they offer good returns. Not only this, you can also use mutual funds to get loans when you need money. Biggest advantages of getting a loan against your mutual funds is that you don’t have to sell your investments. The interest rates for these loans are usually between 9% and 11%. This means you end up saving money on interest. Getting a loan against mutual funds is now faster and less complicated. You can get the funds you need without a long wait. You can borrow money as…
Finance Desk – There are several strategies that can significantly lower your taxes. From taking advantage of home loan deductions to investing in health insurance, here are four straightforward methods to save on taxes. Invest in a Home Loan You can save up to ₹1.5 lakh on the principal amount under Section 80C of the Income Tax Act. Plus, you can also save up to ₹2 lakh on the interest you pay on the home loan under Section 24B. That adds up to ₹3.5 lakh in total tax savings. Get Health Insurance You can get a tax rebate of up…
If you’re thinking about taking out a personal loan, you’ll be interested to know that the process is getting much easier. Here’s a breakdown of five major trends: Digital Lending Platforms: Now, you can apply for a personal loan using digital platforms. These platforms make the application process quick with fast approval times. Innovative Credit Assessment: Instead of looking at your credit score, more lenders are now considering other aspects like your bank transactions or how regularly you receive income. Better Deals from More Competition: As more lenders enter the market, they’re trying to attract customers by offering better terms.…
Financed Desk – Fixed Deposits (FDs) have always been a favorite choice among conservative investors. A popular choice is the 5-year FD, because it offers tax benefits under Section 80C of the Income Tax Act, for investments up to Rs 1.50 lakh. Whereas, retirement mutual funds, offer potentially higher returns but come with market risks. An example of such a fund is the ICICI Prudential Retirement Fund – Pure Equity Plan, which has a five-year lock-in period Investment in a 5-Year Fixed Deposit: If you put Rs 5,00,000 into a post office 5-year FD with an annual interest rate of…
Meerut : Bharti Airtel (“Airtel”), one of India’s leading telecommunications service providers, today, unveiled affordable international roaming packs for customers travelling abroad. The new packs include access to 184 countries and the tariffs start at as low as Rs. 133/day, making them an affordable option even when compared to local sims. In addition, they offer enhanced data benefits, in-flight connectivity and 24×7 contact centre support. To make things as convenient as possible, Airtel has also ensured that customers travelling to these 184 countries no longer need subscribe to multiple packs for various travel destinations and have the convenience to simply…
Finance Desk – When to pay your credit card bill helps you maintain a healthy credit score, avoid unnecessary fees. Here’s a simple guide to help you. What is a Credit Card Statement? A credit card statement is a summary provided by your credit card issuer that lists all the transactions. It includes all your purchases, and any cash advances. Why is the Due Date Important? The due date on your credit card statement is the deadline by which you must pay at least the minimum amount due. This date is typically 20-25 days after your statement date. Best Practices…
Finance Desk – The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced significant changes to health insurance regulations. They open new opportunities for individuals over 65 years old and those with serious health conditions. This move marks a progressive shift towards more inclusive health care insurance coverage, include demographic groups senior citizens, students, children, and those with maternity needs. Health Insurance Guidelines: ( Image/Pixabay)