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There are many ways to reduce education debt. Here are some of the most common, Education loan What is the best solution for student loan debt Pay more than your minimum monthly payment. This is the single most important thing you can do to reduce your student loan debt. Even if you can only afford to pay a little extra each month, it will make a big difference in the long run. Stick to a budget. This will help you track your spending and make sure you have enough money to cover your monthly loan payments. There are many budgeting apps and websites that can help you get started. Consolidate or refinance your loans. This can help you get a lower interest rate, which can save you money in the long run. However, it's important to compare rates and fees before you consolidate or refinance your loans. Look into loan forgiveness programs. There are many government and private loan forgiveness programs available. These programs can help you pay off your loans for free or for ...

The current Chairman of HCL Technologies India is Roshni Nadar Malhotra. She is the only child of HCL founder and billionaire businessman Shiv Nadar.   Thanks bing Who is the new chairman of HCL Technologies She was appointed Chairperson in 2019, making her the first woman to lead a listed IT company in India. She is also the CEO of HCL Corporation , the holding company of all HCL Group entities. The previous Chairman of HCL Technologies India, was Shiv Nadar, who is now the Chairman Emeritus and Strategic Advisor to the Board. He founded HCL in 1976 and grew it into one of India's largest IT companies. He is also the founder of the Shiv Nadar Foundation, a philanthropic organization that works to improve education and healthcare in India. What is the net worth of Roshni Nadar Malhotra, The current chairman of HCL Technologies India, Roshni Nadar Malhotra's net worth is estimated to be around Rs. 84,330 crore (US$ 11.4 billion) as of 2023. She is the richest woman i...

Income Tax: How is it possible to not pay tax even if you have an income of Rs.10 lakh? It is possible to not pay tax even if you have an income of Rs. 10 lakh by claiming deductions and exemptions under the Income Tax Act. Some of the common deductions and exemptions that can be claimed include, Income tax  How to avoid tax for 10 lakhs Standard deduction: A standard deduction of Rs. 50,000 can be claimed by salaried individuals. Deduction under section 80C: A deduction of up to Rs. 1,50,000 can be claimed for investments made in various saving schemes, such as EPF, PPF, ELSS, and NSC. Deduction under section 80D: A deduction of up to Rs. 25,000 (Rs. 50,000 for senior citizens) can be claimed for health insurance premiums. Deduction under section 80TTA: A deduction of up to Rs. 10,000 can be claimed for interest paid on home loans. In addition to these deductions, there are also a number of other exemptions that can be claimed, such as the exemption for income from hou...

LIC introduced a new Jeevan Kiran policy on July 27, 2023. It is a non-linked, non-participating, individual, savings, life insurance plan. The plan offers life cover with return of premium. The minimum sum assured is Rs. 15 lakh and the policy term ranges from 10 to 40 years. The premium can be paid in regular or single installments. LIC introduced a new Jeevan Kiran policy The key features of the LIC Jeevan Kiran policy are Life cover with return of premium Minimum sum assured of Rs. 15 lakh Policy term of 10 to 40 years Premium can be paid in regular or single installments Differential premium rates for smokers and non-smokers Rebates available for sum assured more than Rs. 50 lakh If the life assured survives till the maturity date, the total premiums paid will be refunded. In case of death during the policy term, the sum assured will be paid to the nominee. The  LIC Jeevan Kiran policy is a good option for those who want life cover with the option of getting back t...

No, the Life Insurance Corporation (LIC) will not refund the full policy amount if only half of the premium has been paid and the balance is not paid in between.  Life insurance corporation  What happens if you dont pay your whole life insurance policy? The amount that can be refunded is called the surrender value, and it is calculated based on the premiums that have been paid and the length of time the policy has been in force. The surrender value will be lower than the full policy amount, and it may also be subject to a surrender charge. The amount of the surrender value will depend on the specific policy terms and conditions, but it is generally around 30% of the premiums that have been paid. For example, if you have paid $10,000 in premiums on a policy and then surrender the policy after 3 years, you may be able to get a surrender value of $3,000. If you are considering surrendering your LIC policy, it is important to carefully review the policy terms and cond...

It is important to take out a death only policy at a young age. Here are some of the reasons why: Life insurance  in article's 1,   Life Insurance: Read this first if you are going to take it  2, What are the terms and conditions of term insurance?  3, Here are some additional terms and conditions 4, Claim settlement ratio of health insurance companies 5, Here are some of the benefits of a high CSR 6, What are the most common claims rejections 7, Which company and which policy is best? 8, Here are some additional tips 9, Additional benefits with life insurance Life Insurance: Read this first if you are going to take it Your premiums will be lower. The younger you are when you take out a life ins...

Tata Motors announced on July 25, 2023 that it would be cancelling its 'A' ordinary shares. This is a move to simplify the company's capital structure and make it more efficient.   Tata motors shares The 'A' ordinary shares were issued by Tata Motors in 2008. They have voting rights at 10% of ordinary shares but get a 5% higher dividend. However, they have been trading at a steep discount to the ordinary shares, which has made them less attractive to investors. Under the cancellation scheme, Tata Motors will issue seven ordinary shares for every 10 'A' ordinary shares. This will imply a 23% premium on the previous day's closing level of 'A' ordinary shares. The scheme will be subject to approval from the National Company Law Tribunal (NCLT). The cancellation of the 'A' ordinary shares will reduce Tata Motors' overall share count by 4.2%. This will make the company's capital structure simpler and more efficient. It w...

India's economic growth rate in the first quarter of 2023 was 6.1%, which is higher than the previous quarter's growth rate of 4.5% and well above market forecasts of 5%. This growth was mainly boosted by private consumption,  India economy growth  What is the growth rate of India economy in 2023? services exports and manufacturing amid easing input cost pressures. Also, services have emerged as a major driver, comprising more than half of GDP. The International Monetary Fund (IMF) has also revised its growth forecast for India in 2023 to 6.1%, up from its previous estimate of 5.9%. The IMF said that the  Indian economy is "poised for a strong recovery" in 2023, driven by strong domestic demand and rising exports. The government of India has set a target  of 8% GDP growth for the current financial year. However, it remains to be seen whether the economy will be able to achieve this target, given the headwinds that it is facing, such as rising inflation an...

Investors sold Yes Bank shares heavily in morning trade today. But this morning, Yes Bank shares rose 2.22% to hit a high of Rs 18.54 in intra-day trade. Yes Bank News today What are the results of Yes Bank quarter 4 2023 But after that the share price started falling to Rs.17.70. Yes Bank stock, which saw heavy selling pressure from morning highs, has since been pushed lower. Stock marke t experts said that even if Yes Bank releases its quarterly results on Saturday, its share price will reverberate on Talal Street on Monday, so a decline in share prices is inevitable. While the bank's net profit and income have posted good numbers, the stock price has fallen is one to watch out for. Yes Bank shares fell by around Rs 12 to Rs 13 and have been trading between Rs 14.50 and Rs 19 each for a long time, said Vaibhav Kaushik, research analyst at GCL Broking. ...

Axis Bank has announced a number of changes to its Magnus credit card, effective September 1, 2023. These changes include:Increased annual fee: The annual fee for the Magnus credit card will be increased from Rs. 10,000 to Rs. 12,500. Axis Bank's Magnus Changes credit card New rules for Axis Bank Magnus credit card Changes to reward points: The number of reward points earned per Rs. 200 spent will be reduced from 12 to 10 for the first Rs. 1.5 lakh spent in a year. Beyond this threshold, the number of reward points earned will be increased to 35 per Rs. 200 spent. Changes to the annual benefit voucher: The annual benefit voucher worth Rs. 10,000 will be discontinued. Changes to the fee waiver criteria: The fee waiver criteria for the Magnus credit card will be changed. New customers will need to spend Rs. 25 lakh in the preceding card anniversary year to qualify for a fee waiver, while existing customers will need to spend Rs. 1...

Kakeibo is a Japanese budgeting method that was first developed in 1904 by Hani Motoko,  a Japanese journalist. The word "kakeibo" means "household financial ledger" in Japanese. Save money tips What is the kakeibo method in Japanese The  Kakeibo method is a simple, yet effective way to track your spending and save money. It involves tracking your income and expenses in a journal, and then reflecting on your spending habits at the end of each month.  The goal of Kakeibo is to help you become more mindful of your spending and make conscious decisions about where your money is going. Here are the basic steps of the Kakeibo method 1. Set financial goals. What do you want to save for? A down payment on a house? A new car? A vacation? Once you know what you're saving for, you can start to track your spending and make adjustments as needed. 2. Track your income and expenses.** This is the most important part of the Kakeibo method. You need to track every p...

India has become the fourth largest sector in electronics exports, according to data released by the Ministry of Commerce. Electronics exports grew by over 56% in the April-June period, reaching Rs 57,220.24 crore, up from Rs 36,533.18 crore in the corresponding period last year.  largest export in India India 4th largest electronics exports This growth is particularly significant as it stands out as the only sector to record growth among the top five categories of exports. The growth in electronics exports is being driven by a number of factors, including the government's production-linked incentive (PLI) scheme, which has attracted investment from major global companies such as Samsung, Foxconn, and Pegatron. The PLI scheme provides financial incentives to companies that set up manufacturing plants in India and export a certain percentage of their output. At present, Gold Jewellery and Navaratna Gems are the 3rd largest exporters, although there is no sign of growth ...

The Government of India has considered the Indian currency to be used for local transactions in Sri Lanka. This was announced by Sri Lankan Foreign Minister Ali Sabry on July 22, 2022, after his meeting with Indian Prime Minister Narendra Modi. The move is seen as a way to help, Sri Lanka's attempt to use the Indian rupee Sri Lanka's economy, which is currently in crisis. There are a few reasons why the Indian government might consider this move. First, it would make it easier for Indian tourists and businesses to operate in Sri Lanka.  Currently, they have to convert their rupees into Sri Lankan rupees, which can be a hassle and can lead to losses due to unfavorable exchange rates. Second, it would help to stabilize the Sri Lankan rupee, which has been depreciating rapidly ...

India's water-based business future is likely to be shaped by the following factors: Future water India  What is the future of water problem in India Increasing water scarcity: India is already facing water scarcity in many parts of the country, and this is only going to get worse in the future. This will create a demand for new water-saving technologies and water-based businesses that can help to conserve water. Growing demand for water-based products and services: As India's economy grows, so too will the demand for water-based products and services. This includes everything from bottled water to water treatment systems to water-efficient appliances. People need you to think. A drop of water, a drop of tears, priceless.. You don't know beauty when you have it, you know beauty only when you don't, then you ...

I have bank taken a personal loan from the bank. No installments for three months. If the fourth installment is not paid, should the entire amount (Outstanding) be paid next month What happens if I don't pay EMI for 3 months When a person defaults on a personal loan ,  the following things happen. After 30 days; Late payment charges will be added to the amount due to you. You will be given one more month. Immediately, the credit rating agencies will not be informed about your loan defaults. After 60 days; Your information will be reported to credit reporting agencies as a defaulter. It will remain on your credit report for up to seven years. Your loan will be marked as delinquent. The late payment penalty will be added to your loan installment. After 90 days; Your loan will be marked as in default. It will be included in your credit report. Your credit rating will take a big hit. It becomes difficult to get credit elsewhere. You will have to pay your loan ...

A group of investors in the online gaming industry in India have written to the government to reduce the Goods and Services Tax (GST) on online gaming.   online game GST increased india How is GST charged on online gaming Currently, the GST on online gaming is 18%, which is the same as the GST on casinos and gambling. The investors argue that this is too high and is discouraging investment in the online gaming industry. They point out that the GST on other forms of entertainment, such as movies and music, is much lower. The investors are hoping that the government will reduce the GST on online gaming to 5% or 12%. They believe that this would make the industry more attractive to investors and would help to boost the growth of the industry. While the Indian Union Finance Ministry has announced that 28 percent GST will be levied on online gaming, more than 100 online gaming companies have written to the government to reduce this 28 percent tax. The government has not yet responded t...

As you know how important rice is in India, now India is banning rice exports due to scarcity. Rice export India Why did India ban rice export India banned non-basmati white rice exports on July 20, 2023, in an effort to control rising domestic prices and ensure adequate supplies for its own people. The ban applies to all non-basmati rice, except for premium varieties such as basmati, which is mainly exported to the Middle East and North Africa. The ban comes at a time when global food prices are already on the rise due to factors such as the war in Ukraine and extreme weather events. India is the world's largest rice exporter, and its ban could have a significant impact on global markets. The government has said that the ban will be reviewed every fortnight and could be lifted if domestic prices stabilize. However, some experts believe that the ban could be in place for several months. What is the problem of rice in India Here are some of the reasons why India banned ...

Gold is refined to 99.99% purity with precision using a multi-step process that involves,   What is the process to get 99.99% pure gold 1. Crushing and milling the raw gold ore to a fine powder. 2. Leaching the gold out of the powder using a chemical solution. 3. Separating the gold from the solution using a process called electrowinning. 4. Purifying the gold by melting it and removing any impurities. The final step, melting and purifying the gold, is where the precision comes in. The gold is melted in a furnace under carefully controlled conditions to ensure that the impurities are completely removed. The molten gold is then poured into molds to cool and solidify. The entire refining process is carefully monitored to ensure that the gold meets the required purity standards. This is done by using a variety of analytical techniques, such as atomic absorption spectroscopy and inductively coupled plasma mass spectrometry. Here are some of the key steps involved in refini...