How to Manage Debt during Cashflow Crisis?

You have Rs 4 lacs in your bank account. You have 3 loans running and a bit of credit card debt. Home loan of Rs 20 lacs (Remaining Tenure: 17 years, Rate: 8% p.a., EMI: Rs 18,000) Personal loan of 5 lacs (Remaining Tenure: 3 years, Rate: 13% p.a., EMI: Rs 17,000) Personal Loan: Rs… Continue Reading

Reducing the Impact of a Credit Card Fraud

Online frauds are on the rise. Almost on a weekly basis, I hear new ways of customers being duped of their hard-earned money. Of late, the UPI frauds have been on the rise, where the fraudsters call/text you on one pretext or the other. You eventually end up installing malicious software on your phone or… Continue Reading

Budget (July) 2019 — Salient Points

The Finance Minister, Nirmala Sitharaman, presented the final budget for the FY2019-2020 on July 5, 2019. The Interim Budget was present in February this year.  The new budget retains the relief offered to the taxpayers and adds a few tax incentives for the taxpayers. At the same time, there will a small section of taxpayers… Continue Reading