Monthly Archives: June 2022
When the pandemic hit the world 2 years ago, there was panic among Central Banks around the world to come up with strategies to stimulate their respective economies. As a reaction, most Central Banks announced cuts in their respective benchmark rates, making it easy for people to borrow money. Today, the tables have turned. Amid…
The availability of EMI facilities on credit cards has made it easy for people to make big-ticket purchases. Many people prefer not to make cash payments for big-ticket purchases and this is where EMIs can be of great help. When you convert your purchase into monthly EMIs, you can repay the amount in small instalments,…
Opening a savings account is the first step that you take to manage your finances. Designed to help you access your money demand, a savings account helps you park your additional funds and earn attractive interest rate on the money saved. However, a savings account does more than just acting as an emergency fund. When…
As an entrepreneur or a small business owner, probably the biggest challenge that one faces is how to raise capital. Finance is a critical requirement to build a business and small businesses do not necessarily have the track record to get their funding requirements met by most major banks. Therefore, for small businesses it becomes…
FASTag was introduced in 2014 as an alternative to cash payments at toll plazas on Indian National Highways. It is essentially a sticker that is placed on the front windshield of your vehicle that uses RFID (Radio Frequency Identification) technology to communicate with the toll plaza when your vehicle crosses one. The amount of toll…