Sukanya Samriddhi Yojana – Details and More..

Sukanya Samriddhi Yojana Sukanya Samriddhi Yojana (SSY) is a scheme exclusively for girl children, started by the Prime Minister of India Mr. Narendra Modi on 22nd January, 2015 in Panipat, Haryana. The scheme mainly assists parents of girl child to create a reserve for their education & marriage related expenses.  SSY scheme proposes a deposit plan [...]

Atal Pension Yojna – Details and More..

Atal Pension Yojna - Securing the Unorganized Sector On 9th of May 2015, Prime Minister Narendra Modi formally launched the Atal Pension Yojna (APY) which is a government supported pension program in India and is meant for workforce in the unorganized section. The scheme is managed by PFRDA (Pension Fund Regulatory and Development Authority) with [...]

New Accounting Standards in India: A Step Up to Ind AS

Ind AS - New Accounting Rules for Companies As per the new Accounting Standards in India (Ind AS), for companies having a net worth of Rs 500 crore or more it is mandatory to adopt the Indian Accounting Standards from April 1, 2016. In the 2009 G-20 summit, India had committed to take required steps to [...]

What is RBI’s Unified Payment Interface?

Unified Payment Interface (UPI) - Instant and Cashless Developed by National Payments Corporation of India (NPCI) the Reserve Bank of India launched Unified Payment Interface (UPI). Money transfers will not only be easy to send but more instantaneous and secured. Unified payment interface is a common system across retail systems designed to enable all account [...]

Startup India Campaign

Startup India Initiative to Boost Entrepreneurship  On the Independence Day, 2015 at Red Fort, Prime Minister Mr.Narendra Modi recited the slogan, "Startup India, Stand up India". Startup India campaign aims at promoting bank financing for start-up companies to encourage entrepreneurship and eventually leading to more In-house jobs for people of India. On 16 January 2016, Vigyan Bhavan, New [...]

Frequently Asked Questions on Retirement

The Answers To Your Retirement Questions As a pre-retiree in your 50s, you may be facing some challenging financial choices and some of them may be the most important ones you make in your lifetime. Here we're diving into some of the most common situation you may be looking at and providing retirement planning solutions. [...]

What is SIDBI?

SIDBI - Small Industries Development Bank of India Small Industries Development Bank of India (SIDBI) is a financial institution which is headquartered in Lucknow, India. It was established in 1990 on April the 2nd and is mainly responsible for promotion and development of micro, small and medium-scale enterprises (MSMEs). These small enterprises contribute about 45% [...]

What are Personal Loans?

Personal Loans You need money for almost everything. To tackle emergencies, to fulfill wishes, to get higher education, to buy any amenity for your home or to get the best treatment for a health condition, money is all you want. And in these situations Personal Loan comes to our rescue.     Definition Personal loan [...]

What are Moneylender Loans?

Moneylender Loans  Moneylenders provide small personal loans for a short time period at high rates of interest. In other words, the risks and repayments are high. There are many different types of moneylenders. Some give small amount loans which are to be repaid over a number of days. Some offer heavy sum of money with [...]

What are Foreigner Loans?

Foreigner Loans A foreigner loan is a type of loan which can easily be accessed by someone who is not the citizen of the country from which he/she is acquiring the loan. Lets say if you need money to set up your business, buy some goods etc. however you don't have enough cash then there [...]