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Munimji

Blog

Apr18

2016

Can women afford to be financially illiterate?

  • Obvious answer is no because most women will have to manage their finances on their own at some point in their life. As a woman you are better off in life earning and managing your own money. You neither can prevent your husband from leaving you or taking another wife nor can you prevent your kids betray you in old age. But you could have some of your dignity if you didn’t have to beg them for financial support. You may also have to finance your ageing parents.
  • That’s why it is it is very important for women to have a strong understanding about how to manage their finance, and invest for their own future. But general tendency amongst women is that they are very reluctant to discuss their finance with anyone else, including their life partner.
  • In general, it is seen that women can discuss their personal, family or even love matters with friends, medical issues with a doctor, but when it comes to talking about money and investments they are very tight lipped. Behind women’s resistance to discuss about money matter lies lack of confidence in their knowledge of financial planning and investing. This lack of confidence is really self-imposed one, completely unwarranted and mostly due to earlier habits, sometimes dating back to childhood spent watching men handle finances in families. Traditionally, women have demonstrated stronger saving rates than their male counterparts and enjoyed better long-term investment performance whenever they did take initiative in this regard. Unfortunately, too many women still hesitate to take control of their finances.”

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Categories

Mar28

2016

  • Budget is already a few days old and the common man is still curious to know what impact this budget will have on his daily life.
  • Some of the important focus areas in this budget were affordable housing, relief to small taxpayers, simplification of taxes, and creating a pension society.
  • The FM also proposed promotion of tax compliance by simplification of procedures and penalize the non-compliant.
  • With that in mind, he has proposed one time settlement scheme for those who want to come forward and comply by paying 45% tax on undisclosed income.

Mar21

2016

Taxes

  1. Relief under Section 87A proposed to be increased from Rs. 2,000 to Rs. 5,000.
  2. Deduction under Section 80GG for individuals paying rent but not receiving HRA proposed to be increased from Rs. 24,000 to Rs. 60,000.
  3. 44AB limit amended from 1 Crore to Rs. 2 Crore & for Professional from Rs. 25 Lakh to Rs. 50 Lakh with minimum income shown 50%.
  4. Corporate tax reduced to 29% for small business having turnover less than Rs. 5 Crores.

Mar14

2016

How to Send Messages To All Facebook Friends At Once

Steps To Send Messages To All Facebook Friends At Once :

  1. First of all you must have the latest version of Google chrome as the extension we are going to discuss right here might not work perfectly with the older version of Google chrome.
  2. Now in your Google chrome add the extension Social Media Toolkit For Facebook there are some features in extension that are actually paid and that is why we have given the tutorial to activate this extension all for free.
  3. After getting this extension in your browser login to your Facebook account where you want to send a single message to each and everyone.

Mar07

2016

Union Railways Minister Suresh Prabhu on Thursday presented his second Railway Budget in Parliament.

Here are some of the key points:

  • Three pillars of change: New source of revenues, new norms and new structures
  • Operating ratio in 2016-17 92 percent (90 percent in 2015-16)
  • Capital Expenditure in 2016-17 at Rs 1.21 lakh crore
  • Savings through efficient operation in 2015-16 at Rs 8,720 crore

Feb22

2016

Fiscal Deficit

What is Fiscal deficit?

  • Fiscal deficit is essentially the difference between what the government spends and what it earns.
  • It is expressed as a percentage of GDP
    Fiscal Deficit = Total Government Expenditure – Total Government Revenue

Reasons for Fiscal Deficit

  • Government spending, inflation and lower revenue are among some of the main factors that point to fiscal deficit.

Financial Management