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Loan sharks are back in a new avtaar- digital lending apps
Vapi’s Ashwin Kumar( name changed) is caught between the devil and the deep sea. And this sea is infested with sharks. He draws a monthly salary of Rs 12,000. He was happy to become a father but his son had an ailment that required a monthly blood transfusion. An added cost of Rs 5,000 per […]
Money9January 12, 2021/12:02 PM IST -
Four ways of buying digital gold
Indians love splurging on gold. As a country, India is the largest importer of gold, with 800-900 tonne of gold imported every year, accounting for 25% of the global demand. The yellow metal is popular for many reasons. It not only provides capital appreciation and liquidity, but has also proved to be an excellent hedge during […]
Money9January 12, 2021/11:11 AM IST -
Why do you need an emergency fund?
An emergency never comes knocking at the door and the unseen blows hit you really hard. An emergency fund is a guard that helps you tide over a financial emergency. What is a financial emergency? Any unprecedented and/or unexpected event that either stops the stream of income or add pressure to your existing income creates […]
Money9January 12, 2021/9:39 AM IST -
A look at which health insurance policy you should take to fight coronavirus
With new variants of the coronavirus covid-19 coming to fore, one thing is quite clear that COVID-19 is going to linger around for a long time. While we take necessary precautions to keep ourselves safe, that might not be enough. We also need a health insurance policy so that we have something to fall back […]
Money9January 12, 2021/9:30 AM IST -
Which is the better route to invest in mutual funds? Lump-sum or SIP?
One of the best ways to invest your money can be in mutual funds. It pools money from different investors and invests that money in other stocks or bonds. There are two ways in which you can invest money in Mutual Funds: Lump-sum and Systematic Investment Plan (SIP). Under Lump-sum, the investments are made in […]
Hemanshi TewariJanuary 12, 2021/9:28 AM IST -
Are credit cards good or bad?
Some people find credit cards complicated and stay away from them. Some people tend to overspend and easily fall in a debt trap. But do you know when used wisely credit cards can actually put the money back in your wallet. Here is a lowdown on how credit cards work and pros and cons of […]
Money9January 12, 2021/9:21 AM IST -
Everything you need to know about Sukanya Samriddhi Scheme
The government has launched a small savings plan called the Sukanya Samriddhi Yojana that encourages parents to build a fund for the future expenses of their girl child. Under this scheme, the account can be opened in post offices or any bank in the name of the girl child. The Sukanya Samriddhi Yojana provides tax […]
Hemanshi TewariJanuary 12, 2021/9:19 AM IST -
India urges WTO members to find permanent solution for public stock holding for food security
New Delhi: India on Friday urged members of the World Trade Organization (WTO) to work on finding a permanent solution to the issue of public stock holding for food security purposes. Commerce Secretary Anup Wadhawan said COVID-19 has again brought to the fore the importance of food and livelihood security. He “urged the Membership for […]
Press Trust of IndiaJanuary 8, 2021/2:31 PM IST -
Not too late to join the gold rush, says Angel Broking
Even with gold trading at Rs 56,200 per 10 grammes on Friday, it is still not too late to join the gold rush party, says Prathamesh Mallya, AVP Research, Non-Agri Commodities & Currencies, Angel Broking. 100% Returns in 5 Years An investor who bought gold on January 1, 2016, at Rs 25,042 would have doubled […]
Money9January 8, 2021/1:27 PM IST
