ICTs, Business and Society
Category: Business
Liquidity is an important aspect of one’s personal finances. Is bank savings account the best way to maintain liquidity? No, there are better ways of managing liquidity. We can here mention about liquid funds.
Liquid Fund is a kind of mutual funds which invest your money in money market instruments such as a certificate of deposits, commercial paper, and Treasury bills, with a residual maturity of up to 91 days. Continue reading “Know the Working of Your Liquid Funds”
With growing awareness about Mutual Funds, What is SIP is a very common question asked by those who are new to mutual funds. Simply speaking, SIP is a method of investing a fixed amount, regularly – weekly, monthly, quarterly or annually in a mutual fund scheme. SIP allows you to buy the units of your chosen scheme on a date/s chosen by you. You can invest a fixed amount in a chosen scheme every week, month or quarter, depending on your convenience through ECS (auto-debit from your bank account) facility or through post-dated cheques. Continue reading “What is SIP – All about SIP and SIP Calculator”
Recently SBI slashed interest rates and introduced a two-tier interest system for savings accounts, whereby savings accounts with less than 1 crore deposits will incur just 3.5% (this is a drop from 4%, which is the continued rate for deposits over 1 crore) The reason given behind the change was that, a decline in Inflation must be met with a corresponding decline in the savings rate. Continue reading “Make your Money work in your Interest”
Of all the inventions that truly revolutionised modern life, the Internet surely ranks as one of the top contenders. Combined with automation workflows powered by analytics in the backend, technology has revolutionized the banking experience for all customers, especially those with NRI accounts and FCNR accounts, which are less accessible physically. Banking today is less of a financial business and more of a technology business, and no wonder, the focus of investors is so high in the Fintech industry. Continue reading “The internet has revolutionized digital banking for individuals”
Launched recently, a few months back, based on RBI guidelines, the Unified Payments Interface (UPI) offers an architecture and a set API standards to facilitate online payments more securely. The central UPI platform is developed and managed by the National Payments Corporation of India, which also manages other digital payment mechanisms like retail clearing platforms such as Immediate Payment Service (IMPS), National Automated Clearing House (NACH) and Cheque Truncation System (CTS). The move towards promoting UPI aims to simplify and provide a single interface across all NPCI systems so that they can facilitate seamless data interchange thereby facilitating superior user experiences across stakeholders like customers, service intermediaries and service providers. Continue reading “The Future of Digital Banking lies on UPI”
To keep federal resources from being abused by certain individuals or entities, the Office of Inspector General (OIG) has created the List of Excluded Individuals/Entities (LEIE). This list contains the names of people and groups that have been excluded from participating in healthcare programs that benefit directly or indirectly from government funds. The exclusion or sanction can be caused by a proven history of committing fraud, abusing medical supplies such as medicine and other medical equipment, and exploiting resources that could have otherwise been used for providing healthcare to patients. Continue reading “AUTOMATED SYSTEM + PEER REVIEW = STRONG SANCTION SCREENING”
We have seen life insurance being sold aggressively by agents at the end of the financial year, mostly during the month of January to March. You know the reason? It is tax saving! Most of the companies ask their employees to submit proof of their investments so that the remaining tax on their salary income for the financial year can be deducted and deposited with the Income Tax department.If you are one of those who do tax planning at the last moment should note that you might end up buying a wrong life insurance plan. Continue reading “Life Insurance: Saving more than your taxes”
Meaning of Life Insurance
Life insurance is a protection against financial loss that would result from the premature death of an insured person. The named beneficiary or nominee receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. Continue reading “What is Life Insurance and what are Life Insurance Tax benefits”
4 simple tips will get you the best home loan product. Try them today!
It has become imperative, in today’s times, to take a home loan if one wants to buy a house. The cost of real estate has escalated tremendously over the last decade, and most buyers are unable to fund the purchase unless they take a home loan. Continue reading “How to get the best home loan”
Marketplaces have always been the preferred shopping choice since forever. They allowed access to multiple brands and various options in a single area. This translated into a convenience in terms of saving the time to be spent in traveling as well. Similarly, for the sellers in the marketplace, this resulted in giving them access to a large customer base as well. As such, marketplaces were a win-win situation for both the shoppers as well as the sellers. Further, with the advent of the internet era, the concept of marketplace got redefined and was taken to another level, as online e-commerce portals like Flipkart, Amazon etc. enabled access to several marketplaces just with a click of the mouse. Similarly, for booking your travel tickets, you no longer need to check with your travel agent every time you need to plan your vacation and just log on to any of the travel booking sites like MakeMyTrip, Yatra etc. Continue reading “Online Lending Marketplaces – New Talk of the Town”
These days, numerous enterprises depend on strong channel partnership networks in order to maintain their growth and sustainability. These indirect channels—whether distributors, affiliates, dealers, resellers, or independent sales agencies—all play a vital role in your success, as they help you expand your business’s sales volume, geographic reach, and brand equity without you having to shell out the resources typically required for such expansions. Continue reading “Things to Consider When Instituting a Channel Incentives Program”
Your first income opens a gateway to financial independence. But how you map your finances from there on will decide the course of your life.
One’s first salary is a watershed moment in one’s life. It may be a paltry sum or a handsome one, but one is never going to forget it for as long as one lives.
In many ways, the first salary marks a significant departure from when one is a youngster, to the point where one is considered a ‘grown up’[1]. It is a moment when one steps into the world as an earning member of society that can pay expenses and become responsible for themselves. If the salary is high enough, the person may even begin to shoulder the responsibilities of the household. Continue reading “Your first salary is your stepping stone to a stable financial future”
Subscription box businesses have recently seen a surge in popularity. This business model is perfect for almost any kind of products, whether it’s food, pet supplies, beauty products, or even an assortment of trinkets or toys. Savvy entrepreneurs are keen to start their own subscription box businesses, but that only means one thing if you’re one of them: it would be very difficult to stand out among the competition. Continue reading “How to Come Up with a Fantastic Subscription Box Business Idea”
Would you ever board a plane knowing that it has a poor safety record? Would you drive a car with the knowledge that not all of its instrumentation was functioning properly? These real-world examples are just as pertinent when translated into the domain of online trading. There are literally hundreds of investment platforms to chose from and each is naturally associated with unique benefits and drawbacks. Why is it so important to select the correct architecture and what are some of the hallmarks of a trustworthy firm? The answers to these questions will define success or failure within the modern trading community. Continue reading “Why the Right Trading Platform Matters”
Tech debt, which is inevitable for a software engineering and development business, is not just the responsibility of the business owner to regulate, control and address, but it is a team effort off all the staff of the business including the stakeholders. There are some specific actions which are meant for the stakeholders. When such actions are taken, it would effectively reduce tech debt and result in the proper functioning of the codes as well as the survival of the business on the whole. Now, there are several categories of the stakeholders, and every type has their specific role towards addressing tech debt and keeping it to the minimum. Continue reading “Responsibilities Of Stakeholders In Reducing Tech Debt”
To be frank, wealth management is beyond the scope of dummies. It needs to be well understood so that your future is safe. Wealth management entails a highly technical, professional and individualised service that combines financial and investment advice, accounting and tax services, and any other related financial advise for a set fee payable to an individual or institution. One who decides to venture into the domain must have a formal training background like CA, Costing or CFA holder.
Being stylish doesn’t always have to mean that your pocket gets empty. With Myntra, you can get your much-loved look for less. Myntra offers you with many coupons, promotions and sales all through the year to give you with low prices on high quality apparel and other items. It doesn’t matter what you’re on the lookout for to purchase, you’re sure to find something to suit your style when shopping with Myntra. Continue reading “Up your Style Quotient with these Myntra Offers on Zoutons!”
Customer service is playing an important role in the BSFI sector. Some of the service orientation is introduced in BFSI through extensive customer relationship management systems and advanced analytics. These systems appear at the background and facilitate the front end service providers to deliver a personally crafted service experience based on needs. If one walks into any bank today, tellers and personal bankers provide an extensive service orientation and help the customer feel empowered into making any decision. Further personal bankers these days help the customers through processes of onboarding, engagement, problem redressals and discovery. Continue reading “Buying Insurance Online is now Simpler – Click to Insure”
Let us start with a little statistic-speak, shall we? The percentage of unemployed youth in the United States alone is 10% of the population. While 10% might seem small to you, calculate that against the population of the entire country. It gets a little scary. Let us go a bit further and imagine that you are safe and comfortable in employment. Now, according to Inc.com, as of September 2015, there were 27 million adults were entrepreneurs. That is about 14% of the population, and growing every year. So that means that there are 27 million unique startup ideas out there, working perfectly well. One more statistic, 51% of those in employment believe that there are great opportunities in business. Continue reading “Why you should build a startup and inspire the world”
The task of setting up a new business office can be confusing and overwhelming. There are so many things to consider and it’s challenging to determine what needs to be done first. Combine this huge To Do list with signing a lease for your office space, hiring personnel along as well as purchasing office equipment and you can see why savvy business owners opt for serviced offices. Continue reading “3 Critical Considerations for Your New Business Office”
When you’re thinking about starting up a hotel business and are considering the ways you can make yours a unique success – there are probably a host of priorities that immediately spring to mind. These priorities will no doubt include working on your marketing campaign, considering the right way and the right time to properly launch your website, the way you will handle to content on your website and manifest customer service consideration you will no doubt have. Continue reading “The Customer, the Client and Your Internet Booking Engine”
If your wheels are turning and your mind is heading toward the realm of personal loans, then you are on the right track. Welcome to club borrow. More people are taking personal loans than ever before. In fact, CNBC reported a 30 percent increase of applicants from 2013 to 2016. Such people take personal loans to conduct a wide variety of tasks. One of the most common tasks for which consumers borrow personal loans is debt consolidation. Therefore, you have many sisters and brethren in the same financial boat that you are in. However, you have to develop a plan to make the personal loan work for you. You will have to take such a loan from a top provider. You should never just settle for any half-concocted loan product. Way too many respectable lenders are in the world for that. Continue reading “Personal Loans 101”
Most people have grown up listening to the story of the hare and turtle. It is a fable about a race between two animals who could not have been more mismatched in terms of speed and agility – on one side is a hare which is renowned for being lightning quick on its feet, and on the other side is a turtle, a animal that has the unfortunate distinction of being the slowest animal on four feet.
In the original tale, of course, the hare takes off at top speed – leaving the slow-moving turtle far behind – but then he gets complacent. Thinking that there is no way the turtle is going to catch up with him, he sits down for a rest under a tree, and falls asleep. The turtle, maintaining a slow but steady pace, eventually goes past the sleeping hare and crosses the finishing line, just before the hare wakes up and realises its mistake. The moral of the story was that slow and steady wins the race, while there is no point in going fast if you are not going to complete the task. Continue reading “The Modern Twist in the Tale”
What’s more important than cash and clothes when your child leaves the country? It’s student travel insurance – don’t let your child leave home without it.
Ever since your child was born, gratifying his every wish became your life’s mission. You gave him everything: the toys he wanted, fulfilled his dream to visit Disneyland, bought him the PlayStation he pestered you for…and now you got him admission to the foreign university he wants to study in. His bags are being packed as you read this, his admission procedures are complete and now you await the bittersweet moment of parting. Continue reading “Don’t let your child step into a plane without this essential item”
Although India has seen a decline of 13% in the monsoon during 2014 and 2015, the nation’s economy registered growth of 7.6% in 2015-16. Foreign investment reserves rose to a record value of US$350 billion. The Consumer Price Index (CPI) also came down from 9 to 5.4 during this period. The Finance Minister of India, Arun Jaitely, presented the Union Budget on February 29, 2016, with a special focus on income through taxes and foreign direct investment. There were many reforms included for finance companies in India as well. It also focused on the development of the agriculture and health care sectors. Here’s how the Union Budget could affect your finances and finance companies in India. Continue reading “What Does the Budget 2016 Mean for Your Finances?”
