STP explained - Part 9

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"Top 5 takeaways from BUDGET 2019" by FinVise India

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Finance Minister Nirmala Sitharaman presented her first Union Budget and also the first of the Narendra Modi 2.0 government. Here are 5 key takeaways from Budget 2019: 1) Towards a $5 trillion economy Finance Minister Nirmala Sitharaman opened her speech with a target of making India a 5-trillion-dollar economy. She said that the goal was “imminently achievable" in the next few years. She said India took 50 years to become a $1 trillion economy. The Indian economy was at $1.85 trillion five years back, she added. "We have now reached the $2.7-trillion-mark and would become a $3 trillion economy in the current year," she said. 2) PAN card, Aadhaar interchangeable for filing income tax returns (ITR) Finance Minister Nirmala Sitharaman announced the decision to make PAN and Aadhaar cards interchangeable soon. PAN and Aadhaar have been made interchangeable, allowing those who do not have PAN to file income tax returns (ITR). This means that taxpayers will need either a...
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Why Invest in India?........India – Land of Unlimited Opportunities

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Why Invest in India??........ India – Land of unlimited opportunities # Reason 01 One of the world's fastest-growing economies India too remains one of the fastest-growing economies in the world. Source: International Monetary Fund FDI inflows increased by 37% since the launch of Make in India initiative. Source:  Department for Promotion of Industry and Internal Trade, Government of India Leading investors ranked India as the most attractive market. Source:  Ernst & Young Emerging Markets Center # Reason 02 The largest youth population in the world India to have the world’s largest youth population by 2020. Source:  United Nations Population Fund India to be the largest supplier of university graduates in the world by 2020. Source:  British Council India has the third-largest group of scientists and technicians in the world. Source:  All India Management Association & The Boston Consulting Group # Reason 03 ...
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Having an emergency fund can ease financial, emotional pressure.....by FinVise India

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**Source: MINT Vidya, an old client, called me at 9 pm once. I found it a bit strange because I do not receive calls from clients so late, but I took the call. She told me her husband, Venkat, who is a heart patient, had to undergo bypass surgery immediately. He was denied health insurance by many companies because of his ailment. In the couple's last review two weeks before, they were asked to keep six to eight months' expenses in a Flexi bank fixed deposit (FD) for any emergency. Unfortunately, that didn't happen. Vidya had stopped working, and to meet daily expenses, they had to stop their systematic investment plans (SIPs) too. Their next option was to redeem the investments they had accumulated to fund their son's higher education. However, the money would take five working days to reach her bank account and the payment to the hospital had to be made immediately. So, she had to borrow money from her brother for five days. In another case, Bharati, a single ...
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