What is inflation? Inflation refers to the hike in the prices of goods and services in an economy over time. The hike in prices signifies that purchasing power of the currency reduces or fewer goods and services can be purchased with the same amount of money. Consumer demand and moneyContinue Reading

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You are wrong when you say that I want to arrange Rs 1 Crore within X years or by age Y. You are even wrong when you say that I want to gift Rs 1 Crore to my son when he turns 18. You are often wrong when you think Rs 1Continue Reading

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What Is Inflation? A rise in prices is called inflation. This means that the value of a given currency decreases over time, which is known as inflation. A way to get a sense of how quickly purchasing power is going down in an economy is to look at how muchContinue Reading

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Concerned about the FD rate’s drop? Here are four possibilities. Fixed deposit interest rates were already falling, and major banks have reduced their FD interest rates still again. SBI, HDFC Bank, and Kotak Mahindra Bank have all reduced their fixed deposit interest rates. SBI has slashed the interest rate onContinue Reading

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