Category: Finance

Overcome superstition and get insured for a safer future

HimBuds Desk
overcome superstition and get insured

Overcome superstition and get insured for a safer future Superstition is something that has been a part of life in the Indian society since time immemorial. As per Hindu mythology, human beings came into existence with Manu & Shatrupa being the first ones, the universal parents of mankind. As the civilization flourished, along with a rich epitome of spirituality came into being some unwanted irrational superstitious practices. with the passage of time, some such practices have so strongly deep-rooted the society, that an individual is forced to think multiple times before breaking…

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How good are Investment Advisors in their work?

HimBuds Desk
how good are investment advisors

How good are Investment Advisors in their work? World-renowned value investor Warren Buffet shows disdain towards investment advisors and their advice. He raises the question, “How good are investment advisors?” And in answer says, “Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway”. How true? Warren Buffett, Chairman Berkshire Hathaway, wants to highlight this ridiculous but true state of affairs. Indeed Wall Street is the only place that people ride to in a Rolls-Royce to get advice…

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Understanding GST in simpler terms

HimBuds Desk
Understanding GST in simpler terms

Understanding GST in simpler terms RISHI JARYAL || India is home to nearly 1.3 billion people that makes it the second most populous nation in the world. With this huge population comes great responsibility. Of course handling this much population is quite a difficult task… isn’t it? India also is the fastest growing economy in the world. It’s growth rate has come out to be nearly 7.2% in 2016 and it is expected to grow further. In this race we already have surpassed the super-powers of the world. You can…

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Common Business Needs of Borrowers in India

HimBuds Desk

Different SME business owners need business loans for different purposes. Despite the diversity of growing businesses, they all seem to have an underlying need for loans for common purposes. Often, it gets difficult to secure a loan because the businesses do not meet the requirements that higher financial institutions have for loans. However, these businesses can opt for online platforms such as Loan Frame. Some of the most common business needs of borrowers in India that are sought through loans include: 1. Loans against Property for Working Capital Many start-up…

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Paytm Payments Bank Launched, Earn 4% interest for your money

HimBuds Desk

Paytm Payments Bank Launched, Earn 4% interest for your money After Airtel payments Bank, now Paytm, India’s most used mobile wallet, has launched Paytm Payments Bank. Paytm had decided to launch its Payment Bank last year near Diwali but due to some reasons it wasn’t able to go ahead with the plan. Paytm, through its newly incorporated company Paytm Payments Bank Ltd has entered the Payments bank market. In India, Paytm is now the second company after Airtel, to have entered the Payments bank segment. Paytm founder, Vijay Shekhar Sharma…

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All Rupee 10 coins in circulation are original: RBI

Vishal Sharma

All Rupee 10 coins in circulation are original, confirms RBI You might have come across a situation when a shopkeeper would have denied accepting a Rupee 10 coin, in exchange of a commodity, stating it to be a fake coin. Its not just you who have been facing this situation, but many others across the nation (including me). This is a common notion prevailing in different parts of the country where people have started differentiating between original and so called ‘fake’ coins based on rumours. Even social media has played…

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CM Virbhadra Singh presents Himachal Pradesh Budget 2017

Vishal Sharma

Chief Minister Virbhadra Singh today presented his 20th Budget as the Chief Minister of Himachal Pradesh. Presenting his last budget for this tenure as CM, Virbhadra Singh tried reaching out to each section of the society fulfilling the 2012 Polls promise of giving Unemployment Allowance to the youth of the state. HimBuds brings you the highlights of Himachal Pradesh Budget 2017. Unemployment Allowance will be given to unemployed youth in the state who are 10+2 pass and above. An amount of Rs. 1,000 per month will be disbursed, whereas Rs.…

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Union Budget 2017 Highlights

Vishal Sharma

Hi friends, Himbuds.com brings you the Union Budget 2017 Highlights in easily comprehend-able point-wise format. Please go through, to has an in-depth gist of Union Budget 2017. Income Tax rate cut to 5 pc for individuals having income between Rs 2.5 lakh to Rs 5 lakh 10 pc surcharge on individual income above Rs 50 lakh and upto Rs 1 cr to make up for Rs 15,000 cr loss of due to cut in personal I-T rate 15 pc surcharge on income above Rs 1 cr to continue Of 3.7 cr…

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ATM Cash Withdrawal Limit Raised From Rs. 4,500 To Rs. 10,000 A Day, Says Reserve Bank

Virender Singh Rana

HIGHLIGHTS Cash withdrawal limit increased to Rs. 10,000 per day starting tomorrow Weekly withdrawal limit of Rs. 24,000 per bank account remains unchanged Weekly withdrawal amount for current accounts doubled to Rs. 1 lakh NEW DELHI: Starting tomorrow, you can pull out 10,000 per day from an ATM, though a weekly limit of 24,000 per bank account remains unchanged. The RBI has increased the daily limit for ATM withdrawals from Rs. 4,500 which has been in place for a few weeks now. From current accounts, the amount that can be collected…

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Need Extra Money? How Salary Overdraft Could Help You

Virender Singh Rana

HIGHLIGHTS Some banks offer facility of overdraft against salary accounts They charge one-time fee or processing charges for offering this facility Banks extend credit based on account holder’s take home salary Do you need to break your bank fixed deposit when you need funds in an emergency or for the short term? For such situations, many banks offer an overdraft facility against assets like property, fixed deposits, mutual funds and insurance holdings. Some banks even offer the facility of overdraft against salary accounts. This facility allows account holders to withdraw…

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