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Munimji

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Jan16

2017

  • It’s has been over 60 days since government demonetised 500 and 1,000 rupees notes. It was a major decision which had its impact on all sections of the society. Demonetisation has given a new direction to the way people do monetary transactions in India. Just like a coin has a flip side, demonetisation too has its advantages and disadvantages.

Advantages of Demonetisation

  1. A major advantage of demonetisation is that it helped the government track black money. Large sums of black money was kept hidden by tax evaders. Demonetisation helped government uncover huge amount of unaccounted cash. According to estimates made by RBI, people have deposited more than rupees 3 lakh crores worth of black money in the bank accounts. This has helped the government in slowing down the plague of parallel economy.
  2. A major reason behind demonetisation was that a big part of black money was being used for funding terrorism, gambling, in inflating the price of major assets classes like real estate, gold and other social evils. Demonetisation is acting as an effective countermeasure against such activities. Now all such activities will get reduced for some time and also it will take years for people to generate that amount of black money again and hence in a way it helps in putting an end this circle of people doing illegal activities to earn black money and using that black money to do more illegal activities.

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Jan02

2017

  • ESI Gross limit has been increased from Rs. 15,000 to Rs. 21,000 with effect from 1st January 2017.
  • Therefore, Employee with gross salary upto Rs. 21,000 will be under the net of ESIC.

Oct03

2016

  • You have probably heard this a hundred times, “you have got to work smart not hard to succeed”.
  • How do you define working smart though? Would working smart mean less work and not working hard to be smart? If we work hard does that have nothing to do with working smart? Do smart people not work hard? Or do hard workers not work smartly? Confusing, right! Let’s take a deeper look.
  • Traditionally, working hard is considered to be the cornerstone of achievement. You work hard at something, burn midnight oil, sweat and out run everyone else around you, to reach your goal. Maybe it’s school, or grad school, or looking for a job. Maybe it’s learning a new skill, or improving an existing one for that manner.

Sep26

2016

  • It’s easy to assume that as society becomes wealthier and healthier people would become more fulfilled and happy, but this is not the case. Despite all the advancements in technology and increasing access to information and resources people are not becoming happier.

    increase your happiness

  • Maybe this is why happiness has become such a popular topic in self-help over the past decade. We are in search of a path leading to true fulfilment and satisfaction and we don’t know which direction to turn.

Sep12

2016

  • Budgeting, a habit that is rated very low since many do not follow it, is actually the best way to manage personal finances. We all are used to receiving the monthly pay on a fixed date and then spend it generously over the next 20 days of the month. The dwindling situation of the pocket comes to notice only in the last few days of the month and then we are left with no choice but patiently await the next pay day.
  • Here is how you can avoid being broke during the last days of the month by following some simple budgeting practices:

Aug29

2016

  1. Imagination often turns into reality. Imagine a certain situation over and again, with love and joy, and sooner or later you will attract it into your life, provided you don’t let contradictory thoughts enter your mind. Start with simple situations first, to gain faith and experience with this process.
  2. What you do every day will turn into a habit. Choose habits that will lead you to success and repeat them every day. In time, they will become automatic, not requiring thought, attention or effort. There are many new habits you can adopt, such as positive thinking, being on time, being more considerate, getting a stronger willpower or staying calm in difficult situations.
  3. Letting moods control your life is like sitting in a boat and letting the waves and currents take you wherever they please. Developing inner strength and self-discipline is like attaching a powerful engine to your boat. With this powerful engine, you will be able to navigate the boat of your mind wherever you want.

Financial Management