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India has been an attractive investment destination because of its sound Economy. Another factor is the performance of the Mutual Fund industry and Indian Stock Markets. There are various investment opportunities available for Indian residents as well as NRIs seeking to invest in the Indian Capital Market. The invention of the internet and information technology, globalization and international cooperation with free trade practices, high-level education & training facilities, and currency management has changed the scenario of Wealth Management. It is a high-level professional service that combines investment and financial advice and is designed to utilize, grow, protect, and disseminate one’s wealth. Following are the key investment areas of Wealth Management in the Indian Capital Market as well as the Indian Money Market. Types of Investment Plans in India include the following: Direct Equity - It is probably the most potent investment vehicle to buy partial ownership of a compa...

India, being one of the fastest-growing economies, offers a wide range of investment opportunities to Non-Resident Indians (NRIs). Investing is an essential component to achieve your financial goals and make the future bright. India is a tax haven as it offers a diversified range of assets for investments thereby helping NRIs avail tax benefits on their equity investment.  the first step in planning your wealth management... Figuring out the right investment that fits your profile and requirements should be the first step in planning your wealth management. When you have numerous investment options, you should invest in only those options that serve your requirements and fall under your risk tolerance. Points to be Considered before Investment in India  You should choose investments plans carefully after doing a comprehensive analysis You should be aware of the boasting schemes that assure high returns in a short period You must review your mutual fund and stock investments pe...

The Indian Armed Forces consist of three wings namely, the Indian Army, the Indian Air Force, and the Indian Navy. The candidates who wish to join the Indian Armed Forces as officers are given two choices to opt for the service, one is Permanent Commission (PC) and the other is Short Service Commission (SSC). To help you understand the differences between these two service options clearly, we have come up with an elaborated article to clear your doubts. Image Courtesy: The Economic Times Permanent Commission (PC ) A Permanent Commission means a career in the Armed Forces till you retire. In other words, a Permanent Commission in the Armed Forces means a career opportunity to serve the Nation as an Officer from the very early date of joining till the age of your retirement. Short Service Commission (SSC)  A Short Service Commission means a career opportunity in the Armed Forces for a short period of time, i.e., for an initial period of 10 years which can be extended up ...

Before we start discussing in detail about the Nationalization of Banks, let’s understand the exact meaning of the term “Nationalization.” So, Nationalization is a process of transferring the ownership from private individuals to the Government authorities. Similarly, in the case of the Nationalization of Banks in India which lasted in two phases, the ownership, regulation, and control of the banks were transferred in the hands of the Government from private authorities.  The Nationalization of Banks was a step to end the private monopoly and channelize the Indian Banking System as per the laws and regulations of the Reserve Bank of India.  Image Courtesy: The Economic Times The Nationalization of Banks was first enacted during the tenure of the then Prime Minister of India, Smt. Indira Gandhi. Before the process of Nationalization was initiated, notwithstanding the provisions and regulations of the Reserve Bank of India, all the banks in India except the State Bank of India ...

Joining the defence forces has been witnessed as one of the most prestigious and respected career options in our country. Most of the young aspirants prefer to have a professional career filled with challenges, growth, excitement, adventure and much more. Defence forces have always been a preferred career option for them providing an adventurous life filled with excitement and enthusiasm. Image Courtesy: The Sentinel Indian youngsters are patriotic and they like to have a career in defence forces with multiple amenities, a challenging life, job security, economic stability, and other relevant facilities. There are several reasons that influence the interest of youth to join the elite forces.  Indian youngsters have always admired the adventurous lifestyle of the defence forces. Immense feeling of patriotism and supreme sacrifice for the sake of the country.  Respectable profession with prestigious life and career-enhancing opportunities.  Individual satisfaction and pride...

Digital payments provide a secure and faster way to conduct financial transactions easily. The dynamic evolution in the Internet and Information Technology has changed the banking system and paved the way for an enhanced mobility of cash through digital platforms.  In most of the developed as well as emerging countries, millions of cash payments including business transactions, fund transfer, salaries, wages, and other transactions are carried out via internet banking or mobile banking.  This shifting from traditional method of transacting the financial resources to a modern way of making digital payment has improved the lives of billions of people throughout the world. The evolution of digital payments is bringing out positive outcomes by encouraging safer, convenient, cheaper, and a reliable way of financial transactions.  Digital payments has changed our financial lives through induction of various online platforms which offer a comfortable, and reliable source of tran...