ICTs, Business and Society
Tag: Financial management
In theory, Bitcoin mining can be compared to the process of mining for traditional metals, such as gold, copper, and platinum. While ‘traditional’ miners search for gold by hacking away at rocks, Bitcoin miners work to find the exact code that will provide them with valuable assets. However, Bitcoin miners extensively use the power grid in order to generate revenue.
Continue reading “Eco-friendly Bitcoin Mining: A Sustainable Solution?”
Thanks to mobile card reader technology, it’s easier and cheaper than ever before for small business owners to accept credit card payments. If your small business doesn’t take credit cards, it’s time to change. Why?
Simple — it’s because accepting cards can be the best thing you’ve ever done to grow your business. You’ll attract more customers, make more sales, improve your cash flow, shore up security, slash expenses and more. Here’s why your small business needs to start accepting credit cards, sooner rather than later. Continue reading “Here’s Why You Should Accept Credit Cards in Your Small Business”
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”
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”
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”
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”
People who take up trading are often seen as gamblers or risk-takers. But trading is not just rolling dice and hoping for the best. Many people decide to trade before they get the right education for it, sometimes simply because they don’t realize there is an education to be had. But when it comes to trading, trading without knowing how can be costly.
Ask any successful trader what tools were most helpful in their training, and they are sure to mention a trading simulator. Trading simulators are designed to mimic what it’s like to trade on the market, without the risk of losing real money. Continue reading “What to Look for in an Online Trading Simulator”
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”
When you come to now of the existence of tech debt in your code, it is time to address it without any further delay to keep it functional and also keep your business running. There are some easy and effective ways to repay the tech debts with interest. Your prime objective is to keep tech debts to the minimum and prevent any further accumulation, and that can easily be done by maintaining a strategic and planned development process. You have to ensure that quality of the code developed is perfect right from the word go and all measures have been taken to keep the code clean. This first-time-right work culture would ensure that there is no accumulation of tech debt in the long run. Continue reading “Easy and Useful Ways To Minimize Tech Debt Effectively”
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”
The new guide boasts the fact that no data based material that can guide an individual or a company in the costs of an acquisition or merger exists. The quality of the material is based on the reputation of Firmex’s excellence in data analysis in the cloud. The reliability of the information is further supported by Divestopedia’s vast library of how to information about mergers and acquisitions. Continue reading “Report About Merger And Acquisition Free Guide”
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.
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”
Ever since liberalization in the early 1990s, life insurance in India has seen significant growth. Between April 2015 and February 2016, new premium income of Rs. 1.072 trillion (US $ 15.75 billion) was recorded in the country, at a growth rate of 18.3%. Till the end of February 2016, growth of 14.1% was seen in gross direct premium at Rs. 864.2 billion. Continue reading “Changing Life Insurance Trends in India”
Did you know that by 2017, India is set to cross the 500 million internet users mark? The growth in numbers is phenomenal, considering that it was 200 million in 2013. This rising number also includes the 314 million mobile internet users. Statistics released by IAMAI also reveal that the 3G user base in India is growing rapidly and will grow up to 61.3% during 2013-2017. Speaking in numbers, the approximate 82 million 3G user base in India at the end of 2014 is estimated to reach to 284 million by then end of 2017. Continue reading “Recharge Apps – A Window to Paperless Transactions”
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”
If you are about to open a savings bank account, we guide you through the procedure and the documentation required.
Every person who makes an income starts by opening a savings bank account. It is the best way to stow away one’s surplus funds and use it in the future for personal and professional purposes. Whatever money one earns or saves every month can be safely put away in the savings account. It is the best way to put away your savings and also earn interest from the bank. Continue reading “The step by step guide to opening a savings bank account”
It is interesting to know that as of June 2016, India recorded approximately 4,200-4,400 start-ups. According to a report by a top lobby group, Nasscom and Zinnov Consulting, India has the third highest number of start-ups in the world, behind only the US and the UK. It is possible that India will overtake the UK (4,500-5,000 start-ups) in 2017. Another important statistic to know is that most of the founders, almost three out of every four, are under the age of 35. Thesesure are the few guys who will be fulfilling their dreams early in life. Continue reading “An SME Loan Can Help You Build Your Dreams”
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?”
Opening a Fixed Deposit account is something of importance in today’s economy. But, how does one ensure that their FD gets them the best possible returns? Read on to find out.
Fixed Deposit accounts are a type of savings account that functions on a fixed interest rate for a predetermined period of time. Once the account matures, the interest is then credited to you, the investor. Fixed Deposit rates in India are constantly fluctuating, so if you opened your FD at a reasonable interest rate, then you probably have nothing to worry about. However, here are a few ways to improve your returns from your FD. Continue reading “7 secrets to improve your Fixed Deposit interest”
When you think of April, do you feel a fondness for warmer weather and flowers, or do you feel a sense of dread for the tax deadline? It seems like a lot of people these days focus too much on the negative aspects of filing their taxes. Some of them think about it so much that they forget to appreciate the return of spring. It probably doesn’t help that taxes are in the news due to elected officials who want to lower taxes even though the United States has one of the lowest tax burdens in the developed world. Continue reading “Myths about Tax Refunds”
Why should you opt for term insurance over other life insurance products? We present four compelling reasons.
Every person is aware of one basic fact of life: it changes in one instant. There is nothing one can do to prevent future tragedies from taking place. At best, one may prepare oneself emotionally and financially to meet a future mishap with equanimity.
However, despite being aware of this basic fact of life, not every person takes proactive steps to pre-empt the financial ramifications of a future setback. While one may feel that one’s savings can help in times of a crisis, the reality is that just one visit to the hospital can wipe out not just your savings but everything you own. On the other hand, unpaid debts can haunt the family when the primary earning member is absent from their lives. No matter how diligently you save your money or how carefully you live, there is no way to predict how soon or late a catastrophe may strike. Continue reading “4 essential factors to consider before buying a term insurance plan”
