The first quarter of 2024 has exposed a growing financial concern: a sharp rise in credit card defaults. This alarming trend, particularly among low-income cardholders with smaller credit limits, has raised questions about spending habits and financial planning. With defaults crossing critical thresholds, regulators and economists are analyzing the causes and devising measures to prevent …
On December 9, 2024, Prime Minister Narendra Modi launched the LIC Bima Sakhi Yojana, a visionary initiative by the Life Insurance Corporation (LIC) aimed at empowering rural women. This scheme seeks to address the dual objectives of livelihood generation and expanding insurance awareness in underserved areas. With an ambitious target of enrolling 1,00,000 Bima Sakhis …
As 2025 begins, it’s the perfect time to reset and take control of your financial future. If you’ve come to the conclusion that 2024 was a year of excessive, reckless spending, you’re not alone. The growing popularity of Buy Now, Pay Later (BNPL) schemes and easy e-commerce instalment options has been pushing many, particularly young …
The Mahila Samman Yojana (Delhi) and Subhadra Yojana (Odisha) are government initiatives that offer financial assistance to empower women. While the core objective of both schemes is to uplift marginalised women, the specifics of each program vary in terms of eligibility, benefits, and application processes. In this article, we will compare these two initiatives. Scheme …
Many travellers often find themselves confused about what is included and excluded in their travel insurance policies. With so many different plans and providers, it can be challenging to determine what kind of coverage you’ll have in various situations. To help clear up this confusion, here’s an exhaustive list of what is typically covered and …
The holiday season is here, and while it’s one of the most exciting times of the year, it also comes with its own set of uncertainties. From sudden flight cancellations to medical emergencies and unexpected weather disruptions, travel during this time can be unpredictable. That’s where travel insurance comes in! It’s your safety net, offering …
The third instalment of advance tax for the financial year 2024-25 is due on Sunday, December 15, 2024. Taxpayers must ensure that 75% of their total tax liability is paid by this date. However, due to an existing Income Tax Department circular, payments made on Monday, December 16, 2024, will be accepted without any penalties. …
Retirement planning is crucial, especially when inflation is a silent yet powerful force eating away at your purchasing power. In this article, let’s examine the situation using Rohan’s example across three income-level scenarios. We have used Angel One’s retirement calculator for the analysis. Scenario 1: Rohan’s Annual Expense Amounts to ₹6 Lakh Age: 45 years …
Ahead of the Delhi Assembly elections, former Chief Minister Arvind Kejriwal unveiled the ‘Mahila Samman Yojana,’ a welfare scheme aimed at financially supporting women in Delhi. Under this initiative, the Delhi government will provide ₹1,000 to women every month. Kejriwal assured that if the Aam Aadmi Party (AAP) wins the 2025 Delhi Assembly elections, this …
On Monday, Prime Minister Narendra Modi launched the Life Insurance Corporation’s (LIC) Bima Sakhi Yojana, a transformative initiative aimed at empowering rural women economically. The scheme focuses on providing rural women with the opportunity to work as insurance agents, helping them earn a livelihood while promoting awareness about insurance in rural areas. By targeting financial …
