Author: Roky Binty

My name is Roky Binty and I am a full-time blogger. I love to share finance and business news.

Jul312019 by Roky BintyNo Comments

Income Streams You Need Not Pay Tax On

It is the duty of every citizen to pay their taxes if they earn taxable income. However, the idea of non-taxable income is something that might intrigue you. You must understand that taxation is not always about paying taxes. It is also about knowing when you need pay them and when you need not. Firstly, the concept of income tax bracket is applicable on every earning member of society. You do not have to pay taxes, or pay a lower tax, if your annual income falls under a certain amount. Below are the brackets you must know about.The income tax brackets for individuals below 60 years of age are:Income tax slab Tax rateUp to INR 2,50,000 No taxINR 2,50,001 to INR 5,00,000 5% on the income over INR 2,50,001INR 5,00,001 to INR 10,00,000 INR 12,500 + 20% of the income ov...

Jul312019 by Roky BintyNo Comments

Tips to Invest in High-Interest Fixed Deposits

Finance

Fixed or time deposits are common and a popular investment option in India. These deposits provide interest higher than a regular savings account and are less risky than other instruments like shares. You may open a time deposit account without any inconvenience with minimal documentation. However, premature withdrawal before the due date results in the payment of a penalty. If you want to invest in high-interest deposits, here are seven tips to keep in mind:Check various optionsDifferent institutions offer varied interest rates on fixed deposits (FDs). It is recommended you check with various institutions to know the best rate available for your required tenure.Split the capitalBased on the capital you want to invest, it is recommended you split the same among mul...

Jul312019 by Roky BintyNo Comments

How to become a successful forex trader?

Finance

Forex trading has been the sensation on the recent days. Forex trading offers the space to earn good money. Its awareness are started to reach people all over the world and magnetize them to involve on trading. Forex generally stands for foreign exchange and in this method, the trader have to buy or sell one currency in the exchange to another one. Forex trading is rated as one of the most heavily traded market around the world. A forex trader definitely needs a international broker for their trading purpose. People in Namibia are highly interested on forex trading and if you are one amongst them, then fish out the brokers with higher efficacies is no big deal. Researching on internet for more details paves a way to find the best option available.Forex trading: Imagine yourselves trav...

Jul312019 by Roky BintyNo Comments

Trading in the Indian Share Market

Finance

To initiate the process of trading in the Indian Share Market, the investor first needs to understand the process of opening a Demat account from the potential stock broker, the pros and cons of the stock market, and its functions. After weighing all his options, the investor then needs to register for a trading account and a Demat account. These accounts need to be linked to his bank account, which will give him an estimate of the interface and how the account works, while giving him time to research. It is an essential step and will require the investor to familiarize himself with the broking company, and check its credibility and credentials before opening an online trading account. Do your research It helps if you browse the cyberspace for terms like buy, sell, IPO, portfolio, quotes...

Jul42019 by Roky BintyNo Comments

5 Recent Developments in the Life Insurance Industry

Insurance

India is currently set on an upward growth trajectory and the recent developments in the insurance sector have contributed to that heavily. Apart from the favorable economic conditions, the biggest reason behind the boom of the insurance industry is the various initiatives the government has taken to improve the economy and the performance of the insurance sector.Here are five developments in the life insurance industry that are significant: Growth in premium INR 4.58 lakh crore was collected as premiums in the financial year 2017-18. This has been one of the most noteworthy developments in the industry. This is a considerable rise as compared to the premium collection of INR 4.18 lakh in the financial year 2016-17. This is an indication that the people of India are now ...

Jun152019 by Roky BintyNo Comments

Amazing techniques to reduce risks in trading

Bankruptcy

Forex is a high-risk industry in which millions of people are investing money. While the sector may seem risky, there are certain tricks that can lower the risks of losing capital. This article will tell how to make money with low risks plan. It is more suitable for investors who want to start a career with a low deposit. The only thing to keep in mind is never to become greedy. If greed overtakes, it becomes an inevitable destiny for traders. It is the reason many wonderful investors quit trading early. Get detailed information about the strategy to maximize the profit ratio, on this website: https://newshub4.com/Overlapping sessions are profitable This is the time when different markets of the finance overlap. In this period, a large number of people gather and that increases the rewa...

May292019 by Roky BintyNo Comments

If installment loan is better or payday loan

Uncategorized

The online lenders offer many types of loans but nowadays installment loan has become popular among lenders. As compared to other lending options there are some features better than other. Scan through different lenders to compare their offers and terms if you are not sure where to start.Mostly people like to take loan on installments, a fixed amount of loan money for a long period of time. The installment loan is better than payday loan in many ways. You have no tension of paying back loan in a lump sum amount when your pay cheque arrives. You can easily pay your loan money in installments, smaller monthly payments for a longer period of time. Some people think it as a safe way to repay as financing explained in this type of loan is comparatively easier.Many financing options are...

May112019 by Roky BintyNo Comments

5 Significantly Changing Personal Loan Trends in India

Loans

Individuals often turn to loans in an event of a cash crunch. Banks and Non-Banking Financial Companies (NBFCs) offer various options to those seeking capital to meet their financial needs. A very popular type of finance option, known as a personal loan, is given to those seeking funds for various purposes. Financial institutions do not question the intent of the borrower, and hence a personal loan may be used for a variety of reasons, such as funding your wedding expenses, borrowing for your child’s education, purchasing a new home, meeting medical contingencies, or consolidating debt, among others. Such loans do not require the need of collateral and are based on the creditworthiness of the applicant. Personal loan scenario in India There have been a series of developments that have...

May112019 by Roky BintyNo Comments

7 Common FAQs People Ask on Loan against Property

Loans

You may have come across the term ‘Loan Against Property’ (LAP) in the housing finance market or real estate sector. Such a loan is exactly as the name implies – a loan borrowed from a bank or a Non-Banking Financial Company (NBFC) against the mortgage of a property. Financial institutions generally give a loan on the property as a certain percentage of the market value of the property, up to a maximum limit of 90%. Some borrowers are often riddled with certain queries on such a type of a loan. It is imperative to resolve all your doubts, so as to be a well-informed borrower. Following are seven common frequently asked questions about finance against property.How is a LAP different from a home loan?A home loan is extended to purchase a new home. LAP, on the other hand, ma...

May112019 by Roky BintyNo Comments

5 Effective Ways to Increase Business Efficiency Using Technology

Business

Technology has changed the business landscape rapidly. In fact, it’s the speedy upgrades in technology that have aided globalisation. Being updated with the latest trends in technology can catapult a business to new heights, and failure to do so can render it bankrupt. There has been a revolution in data production and storage due to the advent of cloud and automation technology, which has impacted the way business is carried out. This has led to increased business efficiency and productivity, which correlates to increased profits. If you would also like to lead your business into the digital era, here are few ways in which you can use tech to improve efficiency: Employing the Right Technology: It’s absolutely essential that you do your research on what kind of technology is beneficia...