Financial Hunt

The Social Benefits of Tax Exemption in India

noreply@blogger.com (Ritesh Patil) — Sun, 7 Jul 2019 09:48:00 -0700

Tax Exemption - There is a compassionate part hidden among all of us. And, the thought of getting out there and doing something for the society also must have crossed our minds many times. But, how often have we actually gone ahead and done it? We get so caught up in our daily humdrum that our benevolence takes a backseat.

But, as they say, 'where there is a will, there is a way.' So, one of the many ways that can provide you a platform to actively participate in social causes is to engage with a charity. Every charity works towards benefitting, uplifting, and sustaining society by encompassing factors related to social, legal, environment, ecology, health, economy, education, welfare, and the like. The cause of each non-governmental organization directly or indirectly reflects the broader perspectives of global organizations such as the UN, UNESCO, WHO, ILO, etc.

Since charities work at the ground zero levels of the society; their involvement with a cause brings about a more sustainable outcome. Hence, when you get involved with a non-governmental organization it provides you an avenue to constructively participate in a cause.

In view of the significant role of charities and to encourage the participation of individuals and businesses in various causes, the Government of India has made the provision of tax exemption in India for all charitable donations. Yes, as per Section 80G of the Income Tax Act, contributing donations to a registered charitable trust can avail the donor 100% or 50% exemption on the donated amount based upon the type of charitable trust and the clauses of the Income Tax Act. The exemption is applicable for both online donation and offline donation. However, due to ease and convenience, many donors have started taking the online mode of contributing charity. And, since non-governmental organizations understand the worth of each penny, the donor can rest assured that their money is being utilized in the right way. Hence, considering this form of tax exemption is quite a noble way to contribute towards society.

Let's take a couple of instances, if a donor identifies with an environmental cause such as afforestation and contributes towards Save Green, then his taxable income will be utilized towards increasing green cover and initiating several environment-friendly programmes. Similarly, if a donor identifies with child education and nutrition, then contributes towards TAPF, a non-governmental organization in India. So, essentially you are contributing towards a healthier and educated society. And, you are also being a catalyst in nation-building.

Well, as you can decipher from the above-mentioned instances, your taxable income has the potential to transform the society in many different ways. Hence, don't you think making online donations or offline donations to charities can make the most of the tax exemption in India to upkeep your benevolence, save your hard-earned money while also partaking to uplift the society?

The Akshaya Patra Foundation is an NGO in India running the world's largest NGO-run school meal program. This charity provides school lunch to over 1.6 million children across 12 states of India. By donating to this NGO, you can actively participate in the battle against classroom hunger and avail tax exemption too.

SEBI Approves DVR Shares Issuance Framework

noreply@blogger.com (Ritesh Patil) — Thu, 27 Jun 2019 09:21:00 -0700

In its board meeting today, Securities and Exchange Board of India (SEBI) made some decisions including tightening of disclosure norms for promoter share pledges.

It also announced new regulations for liquid mutual funds to make them safer and more liquid. These funds schemes will have to invest at least 20 percent in liquid assets like government securities gilts.

The framework for issuance of differential voting rights (DVR) share issues for tech startups wanting to list on Indian bourses were also approved with effect from 1 July 2019. New rules were targeted at helping tech startups with asset-light business models where the promoter or founder is key to the success of the company to maintain control. SEBI said that tech companies having superior rights (SR) shares would be permitted to come out with IPO and if the SR is a part of the promoter group and his/her net worth does not exceed Rs 500 crore. Further, companies seeking to pay royalty over 2 percent will require to seek shareholders' nod. Any payment of over 5 percent of sales will be considered material, SEBI said.

Facebook's Libra cryptocurrency faces questions from international regulators

noreply@blogger.com (Ritesh Patil) — Wed, 26 Jun 2019 04:22:00 -0700

Chair of Financial Stability Board says company’s plans could spark closer scrutiny of cryptocurrencies

Facebook’s Libra cryptocurrency is facing increasing skepticism from international regulators days after ambitious plans for it were unveiled by the social media company.

On Tuesday, Randal Quarles, chair of the Financial Stability Board (FSB), a policy coordinator for G20 countries, said Facebook’s plan to expand into retail payments could lead regulators to take a closer look at such financial instruments.

Quarles’s comments mark the first time a senior US regulator has spoken of how they might approach Libra, which aims to transform the global payments markets.

Quarles said that while the board did not plan to discuss the issue at this week’s G20 summit in Japan and “crypto-assets” like Libra did not currently pose a risk to global financial stability, he envisioned gaps where they fall outside the remit of regulators and the oversight of international standards.

“A wider use of new types of crypto-assets for retail payment purposes would warrant close scrutiny by authorities to ensure that they are subject to high standards of regulation,” Quarles said in a letter released ahead of the summit and first reported by Reuters.

Quarles added: “The FSB and standard setting bodies will monitor risks very closely and in a coordinated fashion, and consider additional multilateral responses as needed.”

The remarks follow an agreement in March 2018 by G20 finance ministers and central bankers to monitor crypto-assets. The FSB has said if Libra takes off, a different regulatory response will be needed.

Quarles remarks follow a statement from the Bank for International Settlements on Sunday that politicians need to move rapidly to coordinate regulatory responses to any new risks.

The FSB’s interjection over Facebook’s Libra, which is backed by more than 20 international institutions including Visa, Mastercard, PayPal and Uber and could launch as soon as next year, comes as the UK’s Financial Conduct Authority said it would not allow the social media company the digital currency without close scrutiny.

Andrew Bailey, the head of the UK’s FCA, confirmed on Tuesday that the organization was working with the UK Treasury and the Bank of England to monitor Facebook’s plans.

“We will have to engage domestically and internationally, with Facebook and this other [Libra] organization. They are not going to walk through authorization without that,” Mr. Bailey told a Treasury select committee.

The FSB and the FCA have joined Mark Carney, governor of the Bank of England, in alerting Facebook that if its plan to attract users to a new currency is successful “it would instantly become systemic and will have to be subject to the highest standards of regulation”.

The European Union’s head of financial stability, Olivier Guersent, said ahead of Libra’s unveiling that Facebook’s potential concentration of both personal and financial data needed attention from regulators.

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Bitcoin Price Hits $11K Less Than 24 Hours After Breaking $10K Mark

noreply@blogger.com (Ritesh Patil) — Sat, 22 Jun 2019 13:05:00 -0700

June 22 — bitcoin (BTC) has crossed the $11,000 line for the first time since March last year today, according to Coin360. The leading cryptocurrency had surged past the $10,000 mark less than 24 hours ago.

Bitcoin is currently already approaching $11,100, up to a notable almost 13 percent in the past 24 hours to press time. Meanwhile, major alts have also surged, with ETH seeing a multi-month high over $300.

Yesterday, on June 21, professional trader Peter Brandt tweeted that bitcoin’s price is currently taking aim at $100,000 target.

In his tweet, Brandt noted that bitcoin is on its fourth parabolic growth phase and is a market like no other:

“Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.”

Attached to the tweet, Brandt also published a table containing data about the price growth of bitcoin. According to the data contained in the image, from October 2011 to December 2017, bitcoin increased its value 9,765-fold.

Among the responses to the post, there are numerous scam attempts, publicizing fake BTC and ETH giveaways from Brandt. At least one of the scams is promoted through verified Twitter profiles.

In late May, the co-founder of blockchain investment firm Kenetic predicted that the price of bitcoin will rally as high as $30,000 by the end of this year.

Earlier this month, the founder and CEO of Digital Currency Group argued that it “looks like, perhaps, we are coming out of a crypto winter and we’ve entered a crypto spring,” in an interview with Bloomberg.

However, in an interview with Cointelegraph the same week, another industry commentator — ex-Wall Street executive and current blockchain researcher Tone Vays expressed skepticism about the fact that crypto winter is over.

Earlier this week, cybersecurity firm Kaspersky Lab released the results of a survey showing that 19% of people globally have purchased cryptocurrency.

Indiabulls Housing Finance-Lakshmi Vilas Bank merger gets CCI nod

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 03:11:00 -0700

In April this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance in a share-swap deal with an intent to create a combined entity with a larger capital base and wider geographical reach.

Indiabulls Housing Finance on Friday said the Competition Commission of India (CCI) has approved the proposed merger of the company with Lakshmi Vilas Bank.

In April this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance in a share-swap deal with an intent to create a combined entity with a larger capital base and wider geographical reach.

"The Competition Commission of India... at its meeting held on June 20, 2019, considered the proposed combination and approved the same," Indiabulls Housing Finance said in a BSE filing.

The board of Lakshmi Vilas Bank had approved the merger with Indiabulls Housing Finance in which shareholders of the bank will get 14 shares of Indiabulls Housing Finance for every 100 shares they hold.

The combined entity, with employee strength of 14,302, will have a loan book size of Rs 1.23 lakh crore for the first nine-month period of 2018-19.

After the proposed merger, Indiabulls Housing Finance will get access to low-cost deposits, geographical diversification and expanded client-base and cross-selling opportunities.

How to Win the Financial Battle Vs Your Automobile

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 03:06:00 -0700

Think in the Long Term (for Models)

Buy the car you want - but only after it is at least two years old, and three would be better. By doing this, you automatically save hundreds of thousands of dollars over your lifetime.

When I was 23, I wanted to buy a nice four-door sedan, and I was drawn to the Cadillac STS. The new model had a base price of more $50,000, and with any kind of little extras, the sticker was almost $55,000. I was doing very well at a young age, but I wasn't doing that well to blow 50 grand on a new car.

I was thumbing through my local paper (yes, this was before the Internet changed everything) and saw an ad for a 2½-year-old Cadillac STS for $19,500. The car had less than 40,000 miles on it and came with an extended warranty to 90,000 miles. It was gorgeous, shiny and just serviced.

It was an attractive price since the first owner was eating the depreciation.

According to the average car will lose 11 percent of its value the second you roll it off the lot and an additional 15 percent to 20 percent the first year you own it. The second-year depreciation (loss) is another 15 percent, for a loss of at least 45 percent over the first two years.

Depreciation is usually calculated off of the base price, not the extras. This could be the sport package that raises the price of $10,000 but only gives you $2,000 back after the first year or two. So it's quite possible to find beautiful cars with manufacturer warranties still in place and pay 35 percent to 50 percent less than the first owner did when purchased new.

I drove that car for four years, had very few out-of-pocket repairs, and sold it for $3,500.

So what kind of deal could you get today? When I was young, one of the dream cars was a Ferrari Testarossa, and its price was around $200,000. You can buy one now for around $50,000, and most don't have that many miles on them because they're babied by the owners.

Think in the Short Term (for Loans)

If you finance your auto purchase, you can save a lot of money by keeping the term to no more than 36 months. This builds equity in the car faster and saves on interest.

This might be difficult because the monthly payment is higher than if you finance over six years, and it's higher than a monthly lease. If you finance $25,000 at 5 percent interest for three years, your monthly payment will be $749.27, and your total payout will be $26,974. If you extend that loan out to six years, your monthly payment drops to $402.62, but your total payout rises to $28,989. That's $2,015 more out of your pocket to own the car.

Assuming you buy the car with a small down payment, by financing it for six years, your loan pay-down is going at a much slower pace than the depreciation on the vehicle, creating an "underwater" situation on the car almost from the get-go. During the three-year program, you're paying down the car faster than it's depreciating, giving you options if you have to sell the vehicle.

If you truly can't afford that three-year payment, take out a five-year option and send a little extra every month toward the principal to pay it off sooner.

Leasing a newer model looks attractive because the monthly payment is less, but you might not want to do that. I'll explain why the next post when I offer several other ways to save loads of money when purchasing an automobile.

Believe it or not, you might be better off buying your own car rather than funding your 401k or IRA!

What Is a Secured Loan on My Car? Your Questions Answered

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 03:02:00 -0700

When you look to take out any kind of loan, you'll always be faced with dilemmas and choices. Whichever loan you decide to go for, it's usually the options that surround each one where it can get confusing. However, the first thing to decide on is whether your loan will be secured or unsecured. Almost every loan available on the market today is one or the other, so which is best?

Unsecured loans

Though unsecured loans are a bigger risk for lenders, they are more widely available and come in several different guises such as a credit card or personal loans. Also, they don't usually require any form of security or assets and could have greater flexibility in terms of repayment options.

But for all these benefits, even the highest loan amounts are lower than with a secured loan. Rigorous credit checks are undertaken to prove you're creditworthy and capable of paying the loan back in full. Plus, if you have a low income or had credit problems in the past, it can make it much harder to take out an unsecured loan.

If you're successful, you'll need to ensure your budget can handle the repayments. Many unsecured loans have a higher rate of interest that could cost you more in the long run. If you miss any payments or can't pay back the total amount, it will affect your credit rating making it harder to borrow again in the future.

Secured loans

A secured loan is the type of loan that is protected by a valuable asset or item of collateral. It's a lower risk to lenders who can offer larger loan amounts because, as the name suggests, you'll be providing 'security', whether it's a house or a car, to help borrow the money.

Though credit checks are usually still applied to ensure a creditworthy background, the process is more focused on the security you can provide. The lender sees the high-value item that's offered against the loan as a guarantee that you'll repay the loan in full and therefore retain ownership of it.

It does mean, however, that the lender has the right to take possession of the item if the loan isn't paid back in full, including fees and charges. This will affect your credit score in the same way as if you defaulted on an unsecured loan.

A secured loan on your car

One of the easiest and quickest ways to get a larger sum of money is to take out a secured loan on your car. Often known as a logbook loan, the process involves getting a secured loan with your car being the valuable security against it.

There are several trustworthy lenders available to you and a few have already helped thousands of customers withdraw the cash from their cars and make the process nice and simple. Some companies offer NO formal credit checks, so as long as you own your car and it's free from finance, there's no reason why they won't help you.

It is important you do your research before committing to a loan company. Many offer hidden fees and charge you penalties for paying back the loan early. This can come as a nasty surprise to many people once they have already been tied into a contract.

Car Cash Point is the best value logbook loan provider in the UK, and will never be beaten price - guaranteed! So contact Car Cash Point today to get a secured loan against your car and receive your money on the same day - usually within just one hour!

Just apply online at http://www.carcashpoint.co.uk or call 0333 220 4419 and our friendly experts will guide you through the process.

Know the Advantages of Taking a Lending Capital

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 03:00:00 -0700

If you are dealing in today's financial market you know how the lending capitals are helpful. They operate the liquidity of any business, organization, and other government entities. The plants and equipment are the compulsory assets that a company has fixed. The working capital can be considered a part of the operating capitals. The proper amount is found out by calculating the current assets by deducting the current liabilities.

What Is Lending Capital?

This can also be characterized as a type of loan. The capital is generally granted to the business making professionals. They help in meeting the financial needs of a business. They are available not only for the small business but in fact mostly for the larger businesses. But these capitals can never be used to purchase assets or something that means financing for a longer time. There are several advantages of getting these kinds of capital. These are as follows:

Handling Financial Difficulties

In certain situations, some financial difficulties might arise in a company. If the businesses have assets they would go bankrupt if they are unable to pay their dues. So, in order to prevent such situations, the loans are generally provided. The companies can apply for the loans so that they can prevent the shortage and stabilize the situations. The business owner can thus, retain his ownership intact. When you borrow from such lenders then you will not have a tight obligation from the lenders to pay the money exactly on time like the banks do.

Collateral Is Not Required

Loans are of two types. They are secure and unsecured. The most common loans are found to be of the unsecured type. They are commonly for small businesses with lesser to no risks. They also require having a good history.

No qualification restrictions are there for the businesses then that is there for the unsecured loans. Shorter terms of the loans should be applied for the short term loans. With this in hand, the money is spent on the business for a shorter period of time.

The Money Can Be Used

When you are taking the lending capital from any of the financial institutions there are very few restrictions on how you can utilize the money. They can be used for the maintenance of operations and increase revenue opportunities.

Quicker Approval of Money

With these financial lending, you can get money fast from the lender without any hassles.

Thus, this process is considered to be a boon for the business making organizations when they are running short on their finances.

To know more about lending capital, please check our website.

The Process of Car Repossession - Understand It So It Doesn't Happen to You

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:55:00 -0700

In a perfect world, things would always go as they should.

Sometimes that's just not the case.

If you've found yourself in a bind or on the verge of falling behind on your payments. The best thing to do is to contact your credit card, mortgage or auto loan companies and explain your situation.

Take action

If you have a car loan, you understand the importance of paying your loan on time. If you cannot make your payments on the exact due date.

You are granted a 30-day grace period to make a payment without having this late reported to the credit bureaus.

If you don't think you'll be able to make a payment before the 30-day grace period ends or foresee yourself being in a bind that will last longer than 30 days, there is something you should know.

Ignoring calls from your creditor is the wrong route to go.

*While you may feel embarrassed or reluctant to contact your creditor, you are not alone. Thousands of people fall behind on their payments due to financial hardships. The person on the other end of the phone is trained to handle these types of calls and will be more than willing to help you the best way they can.

What should you do?

Most car loans have a stipulation that allows you to defer your payments for a short amount of time while you get your finances situated. Other options besides deferment might be offered such as lower payments until you can make the full payment.

Your options will depend on your specific car loan and terms agreed upon at the time of sale.

If you are currently in good standing:

Call your creditor and explain that you've had some setbacks and ask about your options to defer your loan payment until you can make payments. This will usually give you about 2 months to catch up.

If you are currently not in good standing(late beyond 30 days):

Call your creditor back and explain that you've had some setbacks and would like to make a plan to catch up on your payments or defer a future payment. Ask about your options to defer your loan payment until you can make a payment. You will usually be asked to make your account at least current up to 30 days before a deferral can be granted.

How will this help you?

Car repossession doesn't end well for anyone. Not you and certainly not your creditor. Once a car is repossessed, it is usually sold at an auction for a fraction of the cost. This is a lose-lose situation for everyone.

While your loan is in deferment you will not be reported late to the credit bureau as you have made an agreement with the company to pay at a later date.

The downside to this, of course, is that your loan agreement will be extended and you will end up paying more interest in the long run. This is, however, a better alternative to having your vehicle taken.

When can your car be repossessed?

It all depends on the specific car loan you have in place. You are usually considered in default of your loan agreement as soon as you miss a payment.

With that being said, you are granted a 30-day grace period. Some states allow cars to be repossessed after one missed payment. The longer you take to make your payment is one step closer to having your car was taken and a serious ding on your credit report.

A repossession will remain on your credit for up to 7 years and hurt your chances of obtaining other car loans in the near future. Even after a repossession, you may still owe the difference between what you owed your lender and what your car was sold for. This is called a deficiency balance. A deficiency balance is usually the norm especially if you purchased a newer vehicle.

Please note that these options are for those experiencing temporary hardships. It is not recommended for long-term foreseeable situations.

We hope this was helpful. Any questions or comments can be left below or sent to admin@thetalawa.com

All You Need to Know About 2 Wheeler Loan Finance

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:43:00 -0700

With the growing demand in semi-urban and rural areas, 2 wheeler industry is a high growth sector. The industry is estimated to be Rs.6, 000-Rs.7, 000 crore in size. This means there is abundant opportunity for 2 wheeler finance companies. There was limited awareness about financing for a 2 wheeler in the olden days but with the increasing penetration of financial institutions across the country, it has become possible to obtain 2 wheeler finance quickly and conveniently.

Getting 2 wheeler loan finance has become easy. The eligibility criteria, documentation requirement, and the process have been mentioned below:

Eligibility:

Individuals above the age of 18.
Salaried individuals who have been employed for more than a year.
Business owners who are running a business for over a year.

Documentation:

Identity Proof
Address Proof
Income Proof
Valid KYC documents
Passport size photographs

Procedure:

In order to apply for 2 wheeler loan finance, the applicant needs to scout the market for various Banks and financial institutions offering the loan. Based on the terms and conditions of the respective financial institutions, the applicant should choose the one that suits his requirements. The application process is quick and transparent. The applicant needs to meet the eligibility criteria in order to apply for the loan. Further, the applicant needs to submit the application form and provide the required documents to the financial institution. The customer executives are friendly and will guide through the entire process of application. The application will be processed within 48 to 72 hours and the loan will be approved in no time.

It is advisable to seek a loan from a trustworthy financial institution. They offer flexible tenure and easy repayment options. With a low rate of interest and a flexible repayment tenure, purchasing a 2 wheeler has become quick and easy. Individuals with a positive credit history can get the loan approved quicker and are also eligible for the special schemes. Once the loan amount has been disbursed, it is not possible to change the tenure and amount, hence it is important to give the loan application a good thought and settle for a repayment tenure which is possible based on the monthly income of the applicant. Financial institutions offer customized solutions to applicants based on their requirements. Depending on the type of 2 wheeler to be purchased, the loan amount will be sanctioned.

The applicant will only be required to pay a small amount as down payment and the balance can be converted into a 2 wheeler loan which is to be repaid in easy monthly installments. Up to 95% of the on-road price of the vehicle is available as a loan to the applicant and the repayment tenure ranges between 12 months to 48 months. With the increasing demand of 2 wheelers across the country, Banks and financial institutions are offering loans that meet the requirements of the consumers and they also settle the terms accordingly.

Neha Verma is affiliated with Herofincorp, a finance company, and writes on topics related to getting 2 wheeler loan finance has become easy.

Some of the Biggest Mistakes When Looking For a Motorcycle Loan

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:40:00 -0700

The Essentials in deciding On Motorcycle Loan.

Sometimes the necessity or excitement of owning a motorcycle cast a bad spell on our buying decisions, especially when the purchase form is a loan. So, before making that impulsive mistake only to regret later consider these essential factors when deciding to apply for a motorcycle loan.

Interest Rates:

The moment you think of a loan, the interest rate coupled with it should ring a bell. Most often attract interest rates over shadow the risk factors involved. Always begin with a good amount of research and comparison of interest rates. You do not want the burden of high-interest rates to steal the joy of riding your new bike!

Smart negotiation:

When you are about to make a purchase decision, do not merely focus on the form of payment and negotiate on how you intend to go about it. A smart negotiation effort would include, negotiating on the payment. Payment always precedes the payment method!

Loan Inclusions:

Discuss with the lender all the accessories that the loan is inclusive of. You do not want to pay additional bills besides paying off your loan. The wiser discussion and decision would be to know about the inclusions and the exclusions of the loan you have applied for.

Loan security:

Always consider what is at stake should you face difficulty in paying off your loan. Some lenders hold the purchased motorcycle as the security, failing to pay will mean ceasing your bike. Some other lenders may consider other collaterals as security. Unsecured loan plans are other alternatives but come with a high cost of increased interest rates. So, your loan security should be well thought through deliberate decisions considering all the risks involved. You do not want to risk something in vain!

Loan penalties:

Pause before you sign your loan agreement. Although knowing the details of the penalties tailed to your loan amount can be cumbersome and you want to skip through it, it may not be the best of your decision. At best, avoid signing loan agreements that come with stringent penalties. A decision in time saves you from a future disaster!

Easy loan termination:

Most lenders allow early clearance of your loan and some do not. It is best for you to verify the termination policies before you sign that loan agreement. You do not want to pay with interest rates, while you own the money to clear a credit.

Owning a motorcycle is useful as well as exciting, but what is more important is sustaining both whiles using it. Using the right loan tailored to your needs is worth every effort.

Hidden Advantages of Outsourcing Services for the Car Loan Industry

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:38:00 -0700

Let us face the reality that today, we live in a 'do-it-yourself' way of life. As they should, people want to show off their auto repairs, home improvement projects, and many other tasks that the majority of us would more often not seek professionals to perform the task, as they just prefer to do it by themselves.

It is absolutely a great value in a number of ways. You can gain expertise from your experience. Sometimes, it does not necessarily mean that it is a better way to go from doing something by yourself because oftentimes, it pays more to hand over and look someone for help.

Many of the car loan businesses are beginning to worry about not only getting in the game but also in maximizing their returns with all sizes racing to compete in the lending market. To outsource car loan business services, many industry experts understand that it is often considered more cost-effective. The most obvious reason for doing this is because industries don't have to hire new staff or underwriters solely for car loan operations and services. You have to keep in mind that those industries are also avoiding the other expenses related to assisting the infrastructure associated with an internal underwriting team.

But the advantages don't stop there because there are a number of hidden advantages that many businesses fail to consider when entertaining ideas of outsourcing their car loan business processing that includes staffing and funding. Here are some of the hidden advantages of outsourcing for car loan business:

Increase the Number of Loans that Leads to More Net Profit

Just consider it as any consumer business committing to sales. As this dealer management is all about being able to see, looking for your niche and catering your offers to the biggest needs of your dealers. Better and stronger relationships with dealers and having more dealerships in the network in order to drive portfolio growth is one of the end goals of outsourcing some services when you are in the car loan business.

Improved Relationships with Customers

Your staff will be able to intensify its focus on strengthening relationships with your customers- making visits, gathering feedback and better addressing their needs that will drive growth for your car loan business portfolio.

A Guideline that Allows the Outsourcing Provider to Serve as an Extension of Your Car Finance Team

Your outsourced car loan provider should be able to efficiently, quickly, and easily customize its financing scorecard to fit your representation. By doing this, it guarantees that making a decision for car loan financing is consistent and fits your appetite and business plan.

Access to Consultation and Expertise

It allows your business to avoid common pitfalls that businesses fall victim to when trying to get in-house functions off the ground when outsourcing your car loan business processing. Through outsourcing, those businesses must hire the expertise that is readily available.

After-Hours Process

By waiting until the next business day to respond to proposals, don't miss out on those deals especially over the weekend when many consumers have time to hunt for motorcycles, cars, and trucks.

It will absolutely offer a significant benefit over businesses with in-house operations that are confined to traditional business hours when you have access to after-hours processing service.

Are you ready to revolutionize the way you do business? Grow your business by outsourcing.

Check our services at [http://www.workforcebpo.ca]!

Leasing a Car Versus a PCP - The Key Differences

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:33:00 -0700

So, you need a car. Perhaps it's to get to work, maybe it's to do your work or simply get the kids to school on time in the morning. Whatever the reason, you just know that a car is what you need. Perfect, just head to a garage and... Wait. PCP or leasing? What's the difference?

The answer, sadly, is quite a bit. Everything from the way your payments is structured to what happens to your car at the end of your agreement is different under a PCP than a leasing agreement.

What happens at the end of the agreement?

On a PCP

A PCP (Personal Contract Purchase) is, effectively, a form of hire purchase. What do we mean by that? Well, the ownership of the vehicle is with the finance company until all payments have been made. You're still the registered keeper, but the vehicle is owned by the finance company.

With all your payments made, you've got a few options:

Want another car? Simply hand it back to the finance company, with no extra fees.
Want to keep the car? You can settle your agreement by paying the remaining value on the car, as laid out in your agreement.
Want a different car? Part exchange it. Depending on the value of the car, you could be able to cover the deposit on another car.

In a Lease

Leasing is simply hiring a car for a set period of time. So, in the end, your only option is to give the car back. Thankfully, leasing companies will often come and pick up your car on a pre-arranged date, and even drop a new one-off for you, if you choose.

Do you pay a deposit?

On a PCP

Yes. Often you can pay as much or as little as you'd like, which affects how much you'll pay on a month-to-month basis.

In a Lease

No. You will need to front up to an 'initial payment' however. This is usually a 1,3, 6, or 9-month up-front payment. Following that, you'll pay a monthly sum and, just like a PCP, the higher the initial payment you choose, the lower the monthly payments will be.

Can you change your mind?

On a PCP

PCP agreements are more flexible than their lease counterparts and often allow you to:

Change your car if, say, you need more seats for an upcoming addition to the family.
Need to increase the number of miles per year

Depending on your contract and situation these changes might incur a fee, or they could be free. When investigating a PCP always ensure that you read the terms of your contract closely. Do note however that if you wish to cancel your PCP you will typically have to pay up the entirety of your contract.

In a Lease

Leases offer far less flexibility if you want to make a change like swapping vehicles. Typically, your only option is to cancel your agreement and pay any remaining payments. However, some leasing companies just charge a fee for canceling.

Are there any additional costs?

On a PCP

Insurance is still required on a PCP, so factor that in. You'll also need to consider the fact that VAT is on top of your quoted PCP prices. Additionally, most PCP providers will offer maintenance packages, an additional monthly fee that will take care of any mechanical issues you might come up against.

In a Lease

Leases tend to be cheaper than PCP deals, largely because the finance company can claim the VAT back on their vehicles. As such, no VAT is payable on your end either. You'll still need to ensure your car though and, just like a PCP, there'll be an optional maintenance package if you want it.

Key2Lease is a leading British provider of car leasing formation and deals. At Key2Lease we take care of all the hard stuff, so all you need to do is pick a car and pick a price. Simple!

Learn How To Accurately Predict The Stock Market With Advanced Algorithms

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:29:00 -0700

It is difficult to predict stock market performance and involves a certain amount of risk. An accurate prediction could result in a significant amount of profit. The stock market is influenced by a number of factors:

News, both domestic and international
Government reports
Natural disasters

The stock market is constantly evolving and it regularly generates a huge amount of data regarding bids, buys, and puts. Data scientists have found out that using Big Data mining techniques and machine learning strategies, the movements in the markets can be predicted in a matter of seconds. Earlier, experts used to employ various methods to try to predict the stock market; however, with the advent of deep learning and data science, these predictions are quicker and more accurate than ever before. This significantly increases the profits of businesses and investors alike.

What are Stock Prediction Systems?

Stock prediction systems are programs that use algorithms to predict future trends in the stock market. The algorithms used in stock prediction systems were originally used for scientific research in fields such as genetics, astronomy, and quantum physics.

However, scientists soon discovered that these algorithms can be applied to stock markets as the field produces huge amounts of data and follows some sort of pattern.

The most commonly used techniques in stock market prediction include genetic algorithms (GA) and artificial neural networks (ANNs).

The use of ANN methods for stock prediction has been found to be widely successful. The ANNs predict future lows by analyzing low price and time lags, while the future highs are predicted using lagged highs. These predictions are then used to determine to stop prices for buying and selling.

Benefits of using a Stock Prediction System

Predicting stock market performance is challenging and risky. There are many factors to be considered - physical factors, psychological and behavioral factors. These aspects make share prices unstable and difficult to predict accurately. However, with the use of algorithms and data science, there has been an improvement in the predictions. The following are some of the benefits of using stock prediction systems:

Using ANN systems, which utilize a classification approach as opposed to a traditional quantitative output approach, produces better predictive reliability.
Certain kinds of data which could earlier not be collected or processed, like unstructured text data, can be used for making predictions which the help of algorithms. This unstructured text data refers to news reports or public sentiment. Use of Big Data techniques makes it possible to keep track of values, opinions and behavioral patterns of people while making predictions; this means that the predictions are not based solely on technical or numerical data.
Algorithms help in speedily processing huge amounts of data that is perishable. In the stock market, conditions are constantly and rapidly changing. This means that in order to predict future events in the market, a reliable and quick system is needed. Algorithms provide this benefit. Algorithms may use pre-processed data, reducing data storage space and speeding up the calculations.

Computer Trading Systems offers prediction systems for stocks, IPOs, ICOs, ETF indexes, bonds, Forex currencies as well as Cryptocurrencies. We are Harvard and MIT trained and have designed advanced algorithm programs that can predict the markets in the current conditions. We can teach you how to use our systems and websites to trade and make consistent profits in the markets.

How to Avail 12-Month Loans in London?

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:27:00 -0700

WHAT ARE 12-MONTH LOANS?

12-month loans are a type of short-term loan that has become increasingly popular in recent times. These are designed so as to last for only a year or 12 months to be precise. They are extremely helpful as they help one to accurately budget for the concerned money that they have borrowed as it is known that it must be fully repaid within a year or 12 months. This is the main difference that makes it stand out from other types of short-term loans offered by various direct lenders.

These types of loans allow one to borrow a wide range of different sums of money and these types of loans help break up the borrower's loan into 12 manageable repayments that must be repaid on a monthly basis. Small loans are a good way of allowing one to budget for anything unexpected.

DESCRIPTION OF 12-MONTH LOANS

The approximate calculated interest for borrowing 100 pounds under such a scheme comes around 13 pounds per month. There are many people who may suffer from bad credit history and there are many lenders available who are willing to provide loans to people who have a bad credit rating and who may have been denied loans elsewhere. Most lenders have eligibility checkers that help check the individual's likelihood of being fully approved for a 12-month loan for bad credit before applying.

One can improve his or her credit score by being accepted for a 12-month loan and keeping up to date with the necessary repayments for the concerned loan. This makes it easier for the individual to be accepted for any sort of credit in the near future. Missing out on payments has the opposite effect and can damage the borrower's credit profile making it difficult for him or her to be accepted in the future for bad credit loans.

There are many UK lenders offering 12-month loans with no guarantor as not everyone may have access to that facility. These 12-month loans have become extremely popular in recent years as direct lenders have started offering these types of loans that do not require a guarantor.

GETTING APPROVED FOR A 12 MONTH LOAN

One is eligible for such loans only if he or she is above 18 years of age and is a citizen of the UK. Having a good income source is advantageous but not necessary. One also needs to have a good credit score to increase approval chances for the borrower. Lenders always prefer people with a good credit score as they can be trustworthy and reliable and are more likely to repay back the loan amount in the stipulated 12 months or 1 year.

If the borrower's credit score is not enough for gaining approval for a 12-month loan, then the borrower can obtain loans by getting into a joint agreement which can be done by convincing a friend or family member to become your guarantor for the 12-month loan. In this case, if the borrower fails to make a repayment to the lender then the guarantor can pay in place of the borrower.

Asset pawning is also a good solution for the concerned individual or borrower. In case he or she is unable to find a guarantor then he or she can pawn any asset which may be a land, property or even a vehicle. This asset should have a value equivalent to the value of the loan.

BENEFITS OF 12 MONTH LOAN

Many lenders often provide people with 12-month loans even though they do not have a guarantor to furnish. This type of loan also helps those who are in need of emergency money. These loans are hassle-free and usually, do not carry any extra hidden charges and are also comparatively easier to repay when compared to personal loans or payday loans which have higher interest rates.

Most lenders nowadays have an easy loan process that allows them to assess the financial situation of the borrower within a short period of time and since most of the systems are now online, this has reduced a lot of paperwork involved. These lenders offer personalized loans to the borrower depending on their financial situation and state of living.

These lenders offering 12-month loans also provide competitive rates of interest to the borrower for people with a poor credit score and this helps a person from any strata of society with any economic background opt for a loan without being financially distressed due to the various competitive rates of interest offered to the borrower by the lender.

One can opt for a 12-month loan in case of any financial emergency or an unexpected expense that may be necessary to be cleared immediately. They provide quick loan approval processes and also credit the concerned loan amount directly into the borrower's bank account making the loan obtaining process smooth and hassle-free. The borrower can easily repay the loan to the lender in simple installments every month for the 12 months time period of the loan.

Even if the borrower has a poor history of credit and is in need of emergency money at the earliest, many lenders exist offering a wide variety of installment loans for all types of credit score borrowers.

CHOOSING A 12 MONTH LOAN

One of the top reasons for more and more people opting for 12-month loans is the fact that it offers competitive APR, hassle-free and reliable loans with options for bad credit too, the lack of the need for a guarantor, availability of small and big loans as required, repayment of loans in easy instalments, ensuring that people from all economic backgrounds have a fair chance at securing a loan and many other reasons.

Carefully compare and choose the best suited 12-month loan option for your needs.

12-month loans in the UK can be easily obtained by the borrower despite having a bad credit score. Timely repayment of such loans may even help you in improving your credit score. Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

Difference Between Payday and Personal Loans in the UK

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 02:24:00 -0700

DEFINITION OF PERSONAL AND PAYDAY LOANS

Most people feel that payday loans and personal loans are one and the same thing, but this is not at all true. They may seem similar, but they have many big differences that set the two options at opposite poles. One should consider the credit and the amount one needs to borrow to know what one qualifies for before one applies for it.

Personal and payday loans are both useful when one requires an extra boost in finances, but this is the only similarity between them. The factors that vary are the term, cost and the amount among other different finances.

DIFFERENTIATING FACTORS

The loan amount also differs when it comes to a comparison between the two. Most banks in the UK do not lend less than 1000 pounds for a 12 month period in case of personal loans.

When it comes to cost comparison, personal ones are considerably cheaper with a maximum APR of 29.9% but one needs to have good and excellent credit. Payday loans can be usually more expensive, but it does not require any strict credit requirement.

When it comes to loan terms, personal loans offer around 5 years maximum as the loan tenure. Payday has a shorter term of around two to maybe four weeks that can go up to 12 months.

When it comes to eligibility, personal loans that are offered by credit unions and banks have very strict criteria for eligibility. They generally require borrowers to have good credit along with a fairly strong financial background. Payday loans seem much more flexible in comparison as lenders only require that the borrowers have a proper and regular source of income for qualifying.

Personal loan lenders are online lenders, banks, peer to peer lenders and credit unions whereas payday loans are offered by those lenders who specialize in check cashing services and short term lending.

PAYDAY OR SHORT TERM LOANS

Payday loans, auto title loans, and installment loans have high fees and rates which could trap a person in a debt cycle. The person could be forced to take a second or even third loan just because they couldn't pay the first one in the stipulated time limit. Alternatives to short term loans like local resources such as local charities, government agencies, and non-profits offer relatively free services for financial needs and also help with rent, food, and utilities for those people who are in dire need of it.

One can also get payment extensions by talking with the concerned bill providers regarding an extension or a longer time frame or payment plan if one is behind on his or her payments. One can also take side jobs to catch up on the payment.

COST FOR EACH OPTION

The payment cost varies when it comes to payday loans versus personal loans. The interest rate that you will receive along with the terms is based on the individual's credit history and if one has collateral or not along with the amount you borrow and the stipulated loan term.

Payday loans whereas have APRs of three or four digits (100%-1000%). The actual total cost depends on the state of living of the borrower. APR represents the yearly cost which is important to note.

DECIDING THE RIGHT TYPE OF LOAN

Deciding whether to opt for a payday loan or a personal loan depends on the amount of money that the individual intends to borrow and it also depends on the person's credit. If one needs to borrow around 50 pounds to 1000 pounds, he or she can opt for a short term loan as personal loans require the person to borrow a minimum of 1000 pounds to around 2000 pounds.

One must also consider the time factor. Short term loans offer faster times for the turnaround when compared to personal loans as it involves less approval process. Nowadays, more and more personal loan providers are shifting online hence they have almost the same processing speeds similar to short term loans like payday loans.

Credit history is also an important factor. If the borrower has excellent credit scores, they are more likely to save money by obtaining a personal loan at a lower interest when compared to a payday loan which will be available at a higher cost.

The total cost of the loan depends on the borrower's monthly payments and also depends on the total amount to be repaid which depends mostly on the interest rate. One should always compare and consider various different options and check on online calculators offered by the lender to see which mode of loan is best suitable for your needs and how much one will need to repay.

ALTERNATIVES AVAILABLE

There are many alternative options available to personal loans and payday loans which can be beneficial to the borrower. One can borrow a small sum or amount of money without the need for the borrower taking on a payday loan.

Another short term loan is an installment loan in which the borrower repays the amount in a single lump sum. Thus, personal loans and payday loans for bad credit can be beneficial only when one carefully examines which loan type is best suited for his or her needs.

One can carefully choose among personal loans for bad credit versus payday loans for bad credit depending on one's financial status and the credit one possesses. The borrower must carefully examine the various options available and then decide which type of loan is best suited for his or her needs. Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

High Quality FX Launch - Fibo Quantum Scalper - Insane Conversions!

noreply@blogger.com (Ritesh Patil) — Fri, 21 Jun 2019 00:45:00 -0700

Amazing Sales Videos That Will Leave Your Visitors No Chance But To Get The Product And The Upsell. 65% Commissions On Both Initial Product & Upsell. Up To $158 Per Sale. Welcome To Your New Money Making Machine!

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Join the Knightsbridge Trading Academy program today

noreply@blogger.com (Ritesh Patil) — Tue, 18 Jun 2019 10:25:00 -0700

At Knightsbridge Trading Academy, our aim is to develop the trading skills of our students by equipping them with the latest strategies and technology. Our programs will help you learn to earn from the elite traders, CISI accredited tutors, brokers and financial analysts in the industry, who have worked for some of the most prestigious financial institutions in the world.
Our programs include three online courses which cater to different levels of trading abilities. This includes our CPD accredited online master trader program, as well as our exclusive CPD and CISI, accredited trading program in partnership with the London Stock Exchange Group and its academy.

Offers
We are offering a huge 40% CPA on eligible purchase made via clicking the qualified link within 30 days of the initial click through and purchase.

If multiple affiliates refer a sale, a credit will be given to the last publisher with the last click before the purchase.
Example text links

- Learn how to manage your financial risk in the markets. Join today!

- Develop your trading skills with the CPD accredited online Master Trader Program. Join today!

- Advanced CISI and CPD accredited Institutional Traders Program in partnership with the London Stock Exchange Group and its academy. Join today!

*Managed by Influence Me Ltd - www.influence-me.co.uk*

Axos Bank | Online Banking: Checking, Savings, Loans

noreply@blogger.com (Ritesh Patil) — Tue, 18 Jun 2019 10:15:00 -0700

Axos Bank, a digital bank with the highest level of security and privacy, offers a comprehensive range of products and services accounts.

By giving our customers the tools, information, and ability to make smarter choices, we empower them to make real progress toward their goals. Banking Evolved is more than a tagline — it's who we are. Welcome to banking that's built for you.

Leading Rates > Industry-leading rates to mean more money to reach your goals faster.
Lower Fees > From ATMs to monthly maintenance, lower fees take your money further.
Agile Software > We have the technology and banking experience to empower our customers.

Our Product offers to include:

Consumer Deposits

Essential Checking: No Fee Checking Account. No maintenance fees. No non-sufficient fund fees. Unlimited domestic ATM fee reimbursements. Just what you need, right when you need it.
Rewards Checking: Up to 1.25% APY. No maintenance fees. No non-sufficient fund fees. No minimum balance requirements. Plus, unlimited domestic ATM fee reimbursements. Open today, compound tomorrow

Payout = $40 Cost per Funded Account

UFB High Yield Savings

UFB High Yield Savings Account offers up to 2.45% APY with interest compounded daily.
It is specifically designed for maximizing large balances of $10,000 and above
Apply online. If approved, fund your account and start growing your savings
Deposits are insured up to the maximum amounts allowed by law

Payout = $150 Cost per Funded Account

UFB Premium Money Market Account

The UFB Premium Money Market Account offers up to 2.45% APY with interest compounded daily.
It is specifically designed for maximizing large balances of $25,000 and above
Apply online. If approved, fund your account and start growing your savings
A free Visa® Debit Card will be available upon request

Payout = $150 Cost per Funded Account

Guiding New Graduates to Financial Success

noreply@blogger.com (Ritesh Patil) — Mon, 10 Jun 2019 07:22:00 -0700

New college graduates are on the loose and out building their new work wardrobes for their first job. Are you a proud parent and grandparent? In addition to celebrating with them over parties and gifts, now is the time to give them the gift of financial independence too. As they start their first jobs, you might ask yourself, "Is my child prepared for the financial responsibility that comes with a full-time job and living on their own?" Right from the start, you want them to develop savings priorities and healthy spending habits. Here are some tips to help you point them in the right direction:

Explain the importance of saving

As young adults start receiving a paycheck, they may find it tempting to spend their funds a lot more on "wants" rather than "needs." You can help by reminding them of the difference between the two and sharing the importance of saving. Whether it's saving for unexpected expenses and emergencies or to eventually buy a car or home, encourage your young adult to put a set amount aside from every paycheck. You may also tell them to check with their employer and see if they can direct the savings portion of their paycheck directly into a savings account with only the remainder going to their checking account for spending.

Emphasize retirement contributions

New graduates hardly think about retirement. They've just entered the workforce - why would they need to think about an event that will impact them 40+ years from now? With rent, bills and other responsibilities, your young adult may choose not to contribute to their retirement right out of school. We all know that this is a mistake! This is your chance to emphasize how a long retirement time horizon can benefit them financially. Educate them about compounding growth in savings and encourage them to speak to their employer about any professional guidance offered. Emphasize to them that they have one of the greatest assets working for them at this age: time.

Teach them to follow a budget

Budgeting allows young adults to create a spending plan with their money. It's a great way for them to track their expenses and see if they have enough to spend on the things they really enjoy. Budgeting can keep your young adult focused on their money goals and avoid any unnecessary financial hassle. If they become overwhelmed, share how you learned to live within your paycheck and show them that there are apps and online tools today that they can use - here are just a few examples.

Show them how to pay bills on time

As an independent adult, your child will need to take on lots of responsibility quickly. Perhaps this includes regularly paying a variety of bills (rent, cell phone, etc.). Keeping track of when bills are due can become cumbersome for those just starting out. Show your child that it's crucial to stay on top of bills and pay them on time. Late payments and fees - and any outstanding interest on balances - will deplete their disposable income, leaving them less money to spend on entertainment and fun. Many apps and computer programs exist to help set reminders and automatic payments. Help your young adult look at the options and share any systems you use to manage monthly payments.

Help them build credit

Many college grads have not yet had a chance to establish a credit history. Educate them about how a credit score can impact their future. A good credit score can influence their ability to get car loans and mortgages approved. Their credit score can also impact the interest rates on these loans: A good credit score may lead to lower interest rates. Some employers use a credit check in their hiring process. Some insurance companies also use credit scores as part of their underwriting process as a person's credit can be a predictor of insurance claims. To help your young adult build their credit score, encourage them to pay bills on time, avoid acquiring too much debt on any open credit cards, limit the number of credit cards used, and keep their oldest credit card open.

Now that your graduate is officially launched, use some of your time together to pass on good financial habits. Whether it's dedicating a portion of every paycheck to savings or using an app to track spending, these tips may help your young adult to stay on top of their finances and develop good money habits that can last a lifetime.

5 Benefits of Financial Technology

noreply@blogger.com (Ritesh Patil) — Mon, 10 Jun 2019 07:19:00 -0700

Financial technology (also referred to as FinTech) is the use of innovative technology to deliver a wide range of financial products and services. It is intended to facilitate the multi-channel, convenient and fast payment experience for the consumer. This type of technology is effective in many different business segments, such as mobile payments, investment management, money transfer, fund-raising, and lending.

The rapid growth of financial technology has been very beneficial for consumers worldwide, such as the ability to serve customers that were not previously attended to, a reduction in costs, and an increase in competition.

Let's take a look at a few of the benefits related to financial technology:

Better payment systems - this type of technology can make a business more accurate and efficient at issuing invoices and collecting payment. Also, the more professional service will help to improve customer relations which can increase the likelihood of them returning as a repeat buyer.

Rate of approval - many small business ventures are starting to use alternative lenders like those involved in financial technology because it has the potential to increase accessibility and speed up the rate of approval for finance. In many situations, the application process and time to receive the capital can be completed within a period of 24 hours.

Greater convenience - the companies involved in financial technology make full use of mobile connectivity. This can significantly increase the number of people who can access this type of service and also increase the efficiency and convenience of transactions. With consumers given the option to use smartphones and tablets to manage their finances, it is possible for a business to streamline its service and provide a better all-around customer experience.

Efficient advice - many of the latest systems rely on robot-advice to give people guidance on their finances. This can be a very quick and low-cost option to get useful information on investments, as well as to limit a person's exposure to risk. However, this type of service won't be able to give the most in-depth advice that would come from a professional adviser.

Advanced security - Using the latest security methods is necessary to ensure more people are confident in using this type of financial service. The need to harness the latest mobile technologies has resulted in a major investment in security to ensure customer data is kept safe. A few of the latest security options used by those in this sector include biometric data, tokenization, and encryption.

Learn more by visiting this new financial technology website.

How Is Tally Holistic Software For Your Business?

noreply@blogger.com (Ritesh Patil) — Mon, 10 Jun 2019 07:17:00 -0700

Here is how Tally holistic software is for your business

Meeting the demands of businesses

Tally.ERP 9 can scale to meet the demands of your business without disrupting any running operations. It easily adapts to your essential business requirements. Tally also offers services in the business domains such as manufacturing, services, and distribution. It offers efficient accounting and inventory management, multilingual functionalities and remote functions. Tally professionals offer their services in data integration and migration, maintaining contracts and other functions. Tally software meets these and more requirements of customers in business domains. It can handle sales, offer good support and services to customers.

Different functions for small businesses to large enterprises

Its Server 9 is an Enterprise product designed for meeting the requirements of medium and large businesses. While businesses invest highly in developing their infrastructure, businesses can opt for Server 9 and leverage their functioning. There are multiple benefits for Tally's Server 9 such as:

• Multiple Tally ERP 9 users can access data simultaneously using Server 9

• It can be quickly deployed and it is simple to operate

• Good security and control initiatives

The software can boost business management with its useful and practical features. It can be used in a versatile number of ways such as for business transactions, sourcing stock report and printing out its copy from any location.

Here are some more features to explore:

Tally.ERP 9 is a complete business management software. Here are some features of the Tally software most useful to businesses.

Use it for budgeting

Plan your financial budget based on the business objectives of your organization. Define a particular amount to the various expenditure of the organization for a short or long period. At the end of the period, get reports and speculate on business operations for planning essential changes and improving the revenue of your businesses.

Payroll management

Using the effective payroll management feature, ERP software can be used to manage payroll accounting and salary processing in organizations. Many organizations are deploying the software for their in-house processes.

Connected solutions

With the connected solutions of the software, share and sync business data

Manage most sales processes

Manage sales invoice, sales order, credit note, delivery notes, and receipts all using the software.

Manage inventory easily

Businesses can handle their stocks or inventory, increase their revenue using Tally ERP 9 software.

Maintain accounts and manage taxation

Using the software, update your financial data and identify your tax liabilities using Tally ERP 9 software.

It is becoming synonymous with simplified accounting worldwide. Discover the useful accounting features of this software.

Invoicing in Tally.ERP 9

It is easy to develop vouchers in it automatically and print it out also. You can create the accounting invoice and Item invoice.

Managing purchases in Tally

With inventory vouchers, find additional costs while purchasing using the software.

Apart from its core business functionalities, Tally.ERP 9 also offers GST compliance. Since the introduction of GST law, Tally.ERP 9 is popular as a Tally GST software. It can be used to create GST invoices.

It is truly a holistic software for businesses.

Riyaz Tamboli is a Director at Antraweb Technologies Pvt. Ltd, a leading provider of Tally ERP 9 Software and support, a Tally GST software. Antraweb is a Master Tally Solutions' partner with over 20 years of experience in providing Tally services including integration, customization, providing mobile apps, add-ons and more. His knowledge and experience have been instrumental in developing customized solutions for various businesses. Organizations can benefit from implementing Tally ERP 9 for their business and can download it from the website.

Opportunities for Africa to Deepen Financial Inclusion and Development

noreply@blogger.com (Ritesh Patil) — Mon, 10 Jun 2019 07:14:00 -0700

When people can participate in the financial systems, they are better able to start and expand businesses, invest in their children's education, and absorb financial shocks.

Sub-Saharan Africa has a population with most lives being at the economic downstream, and most likely underdeveloped. The financial inclusion of the gender gap and income gap persisting just like in other continents, though higher in Sub-Saharan Africa. World Population estimates based on the latest estimates released on June 21, 2017, by the United Nations, shows Africa continues as the second largest continent with a population of 1,256,268,025 (16% of the population of the world) and by the end of January 2018, 40.2% living in urban areas.

The continent has the highest fertility rate of 4.7% (Oceania 2.4%, Asia 2.2%, Latin American and Caribbean 2.1%, Northern America 1.9% and Europe 1.6%) compared to the other continents with a yearly population rate change (increase) of 2.55% - the highest among all continents. Most of its people (59.8%) have lived downstream (rural areas and villages) sometimes out of the mainstream economy. Policy targeting could be difficult in such scenarios, and identifying people who lack access to financial and economic inclusion comes with a huge financial cost in itself, though the benefit in doing so outweighs the cost in mere numbers and requires commitment from leaders and managers of the respective economies. Coupled with a universal phenomenon of non-perfect, untrusted, and in some cases non-existing data on the continent, that could make decision making imperfect and data unreliable, affecting plans, policies and the potencies to resolve stated challenges or improving the economic and social fiber of countries.

The struggles of the financially excluded come from barriers and reasons as access, social and cultural factors, income, education and many possible lists of others. Financial exclusion arguably is one of the reasons some economic policies lack the potency to effectively target well on the citizenry with its results in persistent poverty and inequality. Lack of access to basic needs like an account either at the bank or mobile money could mean significant possibilities of opportunities untapped. Globally countries have realized the importance of achieving inclusive societies and supports efforts at maximizing financial inclusion. Sub- Saharan Africa has made some strides over the years in financial and economic inclusion in this regard at individual country levels.

Efforts ongoing in Ghana include a commitment to promoting and prioritizing financial inclusion. The country made specific and concrete commitments to further advance financial inclusion under the ``Maya Declaration`` since 2012 and has an ambitious target of achieving 75% Universal financial inclusiveness of its adult population by 2020. Ghana currently has 58% of its adult population having access to financial services and is also finalizing its National Financial Inclusion Strategy which will become the guiding document and reference for inclusive actions, stakeholder roles, and responsibilities spelled out for all.

Kenya, however, has earned global recognition in leading all others in the world in mobile money account penetration, and with twelve other sub-Saharan African Countries following, researchers show. The rate at which African countries are projecting innovation technology for digital financial inclusion is impressive. The country has made giant strides in its financial inclusion commitments, especially under the Maya Declaration.

There has been some paradigm shift in Information and Communication Technology and its importance which is being considered as a factor of economic growth. ICT has the ability to provide services with minimal cost, improve innovation, and provide infrastructure for convenient and easy to use services, it can also provide a route to access many auxiliary financial services.

At the macro level, digital innovation influence economic development and economic policy effectiveness. The benefits ICT enabled financial services include the possible creation of employment- mobile money vendors, increases in revenue receipts of government, helps firms productivity (both private and public), aid in cost control and efficiencies, and Could contribute to rural development and governance: Governance and revenue mobilization efforts, especially at local government levels, can be enhanced through ICT which aids in overall improvement in corporate governance. Importantly, Innovation Technology can help in the deepening of financial inclusion either through access, usage, reducing risk and improving quality of services, thus, per formula for Financial Inclusion (FI), thus, FI = (Unlocking Access + Unlocking Usage + Quality) - Risk.

Access to financial services can generate economic activities-Sophisticated use of financial services even presents bigger economic and social possibilities for the included. In Mexico, a research by Bruhn and Love revealed that, there were huge impacts in the economy in Mexico, that is, 7% increase in all income levels (in the local community) when Banco Azteca had rapid openings of branches in over a thousand Grupo Elektra retail stores when compared to other communities that branches were not opened. Also the savings proportion by those households in the local community reduced by 6.6%, a situation attributed to the fact that households were able to rely less on savings as a buffer against income fluctuation when formal credit became available.

Here, it must be noted that through savings is encouraged, the reduction in savings by 6.6% means more funds can rather be channeled for investments into economically viable entities or services. As the cycle continues, and in the sophisticated use of financial services along the financial services value chain, they will need to save however for other investments later. Similar or even more positive correlation is observed if the medium of access and usage is through innovative technology.

Using Digital Financial Inclusion Strategies in Humanitarian Services

Despite the use and usefulness of financial services in crises situations, financial exclusion is particularly acute among crisis-affected countries. 75% of adults living in countries with humanitarian crises remains outside of the formal financial system and struggle to respond to shocks and emergencies, build up productive assets, and invest in health, education, and business.

Researchers continue to show the growth in acceptance of electronic payments especially through the use of mobile phones. There is growing evidence supporting digital financial inclusion. GSMA in its reports revealed that there were 93 countries between the periods of 2006-2016 of with 271 mobile money operating service providers which had registered over 400 million accounts globally. They give some evidence in some countries - which have been receiving humanitarian assistance- where there is growing acceptance of digital financial inclusion through the use of a phone.

In Rwanda significant numbers of refugees used phones for mobile money services whiles, some do so commercially for service fees. In Uganda, Refugee communities are noted for the use of mobile money service as per the report. This has necessitated MNO Orange Uganda, a telecommunication firm to expand mobile money service to refugee communities by building a communication tower to improve access and usage of the services. In Pakistan, one of the largest refugee communities- the third largest- has the government using mobile money for cash transfers to refugees. The evidence abounds and this calls for humanitarian agencies to rethink and reconsider digital inclusive financial services beyond the current numbers. In Lebanon (The largest refugee community) those on humanitarian assistance uses ATM issued by aid organizations to access their cash transfers.

Sarah Bailey, however, observed that humanitarian areas that were receiving cash transfers through mobile money could increase the use of certain services but does not automatically lead to widespread or sustained uptake. People may prefer to continue using informal financial systems that are more familiar, accessible and profitable. Her study revealed that that, the provision of humanitarian e-transfers, even when combined with training, was not sufficient to enable the vast majority of participants to conduct mobile money transactions independently.

The findings are certainly acceptable in the short run per our knowledge. However, on a long-term basis and with financial capability activities - not just training- the results could possibly be different. Financial capability activities deal with not just training and education, but the overall financial health and well-being of the people. And this should be done in a hierarchy- bits-by-bits- and not at a one leap jump approach. This seems to have been echoed by the United Nations. According to Ban Ki-moon as cited in advised that we must return our focus to the people at the center of these crises, moving beyond short-term, supply-driven response efforts towards demand-driven outcomes that reduce need and vulnerability. Financial inclusion strategies may not lead to widespread uptake within a few days, but evidence abounds that in a long-term, it could.

The thirteen countries in the world with the most mobile money penetration today had some being on humanitarian support just a few years back-. Sustained access and use of innovative technology for inclusion then would have a better impact on them the more today.

Undertaking a case study on the use of digital means for humanitarian transfer will show that in the short term run there may be a lack of interest or even rejection. Coupled with regulatory barriers and other barriers mentioned, people during a humanitarian crisis may not really be thinking much of connecting to the economic system on the whole or how their support comes (This is the business of policymakers on humanitarian service) but rather be much interested in survival within a short run. The psychology of that period of need is centered on - What is needed is the urgency of support - money - physical cash in most cases to enable them to get the basics of security and food with the most liquid instrument. Humanitarian communities have needs just like all other communities within the financial services need a framework.

Indeed evidence suggests there have been few instances only worldwide where the use of digital transfers in humanitarian transfers has led to the widespread use of services. Digital transfers in humanitarian services must be a process and done within the particular context of time. In this sense, the digital strategies must be humanitarian, and must embed in the social and behavioral change financial capability activities capable of two-way communications with practices on usage and the benefits it brings in the long term- It must be in a hierarchy. Simple financial needs should be met before sophisticated needs. Any deviation will of course results in a lack of interest in the services.

Howard Thomas observed that "Financial technology still leaves out swathes of people, and this means missed opportunities for development," And in some cases, community structures may not be innovative or agile enough to allow new technologies to spread, he adds. "Savvy entrepreneurs are not necessarily from established authorities. Sometimes it's a matter of identifying individual leaders, networks or pathways through which to promote new technologies."

Indeed there have been some lessons however on how to manage humanitarian remittance, the parameters, however, are that financial inclusion is a continuous and sustaining effort of providing access and usage of financial services in a sustaining and responsible manner which meets the needs within a reduced risk - it is not just one time project of implementation policies at speed but rather concentrate on meeting the basic before sophisticated needs. Within a humanitarian certain, a complex multiplicity of issues may serve as barriers to using digital financial services including location and urgent needs; however those barriers when managed within a considerable period and coupled with financial capability activities (the act of complete financial well-being), then favorable results would be achieved.

The use of behavioral change financial capability education, training and practice into humanitarian communication on digital transfers would help in improvement in the uphill acceptance over a period of time. sub-Saharan African countries have been realizing some tremendous gains in the use of innovative technology, and expansion of ICT services and infrastructure on the continent. Its study time past points out those countries on the continent totally made revenues amounting to 5% of Gross Domestic Product (GDP) from telecommunication related services as compared to European countries where revenues from the telecommunication services represented 2.9% of their total GDP.

Sub-Africans Countries need repositioning and further investment in the "digital economy" in order to open up and benefit fully inclusiveness of their economy. Here our interest is in mobile technology and innovation which is the critical avenue that Africa could use mostly in achieving financial inclusion within the short to long term.

Kenya is making giant strides and leading the way in digital innovation for mobile financial services globally. Researchers have shown that sub-Sahara Africa countries are leading the technological innovation drive in the usage of mobile financial services. Kenya and other Sub-Saharan African nations are making the greatest strides in mobile money accounts penetration and with lots of opportunities foreseen. Globally the thirteen countries that mobile account penetration has been over 10 %, all 13 are from Africa -Botswana, Cote d'Ivoire, Ghana, Mali, Kenya, Somalia, Rwanda, Namibia, Tanzania, South Africa, Uganda, Zambia and Zimbabwe (ranging from 10%-58% for the 13 countries).

Kenya is leading at 58% mobile money account penetration, with Somalia, Tanzania and Uganda "following closely" reporting around 35%. Namibia out of 13 countries has the least of mobile money penetration of about 10% (still higher than all others in the world except the other 12 African countries). Mobile money account is recorded to be widespread in East Africa (20% and 10% of adults have mobile money accounts and mobile money account only respectively) than any other region.

Firms providing financial services, be it services or infrastructure is the most important and unique set of stakeholders who should be encouraged to take the lead roles in financial inclusion activities and implementations. Financial services firms are uniquely positioned, to use their existing infrastructure and leverage to creating access, and usage of digital financial services.

They do so effectively and at a lesser cost as compared to government agencies because they can do so through their already existing departments like the marketing and customer service departments. Financial services firms are driving innovation for digital finance across the globe. Firms as GCAP have been investing in solutions to accelerate financial inclusion. It announced that in its call for proposals on innovative digital technology with huge potential to advancing the financial inclusion drive in sub-Saharan Africa, out of the over 200 applicants and proposals submitted, Financial Technology (Fintech) firms submitted (56%), Financial Services Providers (18%), Non-Governmental Organizations (NGOs) (13%) and Technology Services Providers (9%).

Growing evidence from other similar calls suggests that there is a trend, that the journey of using innovative technology and financial inclusion in the sub-Saharan African is not only picking up but even shows a rather promising outlook for the future, the opportunities for countries in the region are enormous for nations in advancing financial inclusion.

The call now is for countries at their policy levels to position themselves, armed with policies and willingness of governments to support and collaborate with the private sector to drive financial inclusion activities. However, to further enhance financial and economic for much better gain is a continues process and does not take just a few days but undoubtedly without collaborations between public-private role and decision establishment and support, it will take us rather too long. Collaboration is therefore important for financial inclusion drives and actions.

For governments or the public sector, their support in creating the needed supportive framework and regulations for the industry is important. Regulations and environment that supports innovation and drives whiles customer rights are supported are so much needed in this sector. In providing support and helping in creating an environment for financial inclusion activities to make the required impacting effects, government policies must have some balance of care. By doing so, any policy by a government on financial inclusion that does not take views from other important stakeholders may be implemented at last, but not without difficulties and in some case unreasonable delay in implementation.

This can be attributed to a variety of reasons: more importantly, policies may be concluded, but if Financial services providers are not ready or not able to implement those policies, then, problems of ``distressed`` policies then begin to show. In financial inclusion drives, success depends mostly on collaborations for improvement between the public-private sectors.

The Opportunities for sub-Saharan African Economies
The opportunities exist for groups of people who need access and usage of financial services yet unable because of the barriers they confront mostly. Sub-Saharan African governments and private stakeholders can improve on the regulatory constraints and allow for the tap in technology innovation respectively to design solutions that will open access and usage of financial services

An important Segment of organized groups usually out of the formal financial economy thus, the "Savings Groups" always have their common values and beliefs most often deeply rooted with cultural and social entrenchment that must be considered when targeting with financial inclusion products and designs.

The groups usually common in Asia, sub-Saharan Africa, and Latin American come together for social and economic benefits and supports. They have different specific objectives but commonly among reasons are for group savings, group insurance, good trading and all kinds of group support systems. At best design of product and services for "savings groups" if the top is successfully accepted can only be through a consultative process, sometimes customized or tailor-made services (most appropriate where possible) and winning the genuine interest of the groups.

There are over 14 million members of "Savings Groups" across 75 countries in sub-Saharan Africa, Asia, and Latin America, representing a promising platform for financial inclusion in under-served markets. Savings Groups offer an entry point for financial service providers to isolated communities; they are organized, experience and disciplined; they aggregate demand across many low-income clients, and they have identified needs that financial service providers can address. Also, these groups are very goal oriented and purposeful but lack certain financial services- Some basic needs like accounts and payments and other sophisticated needs like saving platforms. Tailoring products to meet these segments who lack access to some financial services and are in need of those financial services would create opportunities for financial inclusiveness.

Prioritization of digital payments is one way of minimizing corruption within expenditures, be it the private or public sector. Digitizing payments means better tracking of records of payments throughout the value chain of spending and transfers. In the Agriculture economy, it means that when the government pays 1 million dollars ($1.000.000.00) directly through ``mobile money` to its citizenry for goods and services, then its most likely that, subject to the cost of the transaction, farmers will receive their funds intact and same. The vulnerable citizen would then have value for money in dealing with the government whiles having to benefit from the opportunities that having an account and using it comes with. Such is not the case when physical cash changes hands in payments.

The adoption level of digital financial inclusion with mobile money is generally high for sub-Saharan African. Stakeholders in the Public in the region can leverage its strong foundation and application of mobile money services to scale up the use of digital payments, but courses they must be the backing infrastructure to expand access as well. Increase in account ownership as a foremost financial inclusion indicator has primarily been through financial institutions except those recorded in Africa where mobile money accounts drove the growth in accounts ownership from 24% to 34% in 2011 and 2014 respectively.

An area Africa is making giant strides - Mobile money account penetration. Accounts ownership and its definition have changed over just three years when the Global Findex Database launched its first data for comparable indicators among countries on financial inclusion. In 2014 it considered mobile money accounts as recognized accounts in their right, hitherto in 2011 that wasn't the case. The opposite was rather the accepted case, and rightly so. Today the digital disruptions in the financial, telecommunication and economic arena are having is impacts.

For policymakers and private sector stakeholders, more keenly important is the fact that 5 of the thirteen sub-Saharan African countries (The only five in the world) - Somalia, Uganda, Côte d'Ivoire, Tanzania, and Zimbabwe have an adult population with more mobile account than they have from a formal traditional financial institution. What this means is that, in those five countries, an ordinary man on the street is more likely to have, use, trust and save in a mobile money account or wallet than saving with a traditional formal bank account. This comes with enormous opportunities and breakthroughs. Digital payments are comfortable, fast and less expensive than physical cash payments platforms.

Tailoring products to meet these segments who lack access to some financial services and are in need of those financial services would create opportunities for financial inclusiveness. Prioritization of digital payments is one way of minimizing corruption within expenditures, be it the private or public sector. Digitizing payments means better tracking of records of payments throughout the value chain of spending and transfers. In the Agriculture economy, it means that when the government pays 1 million dollars ($1.000.000.00) directly through ``mobile money` to its citizenry for goods and services, then its most likely that, subject to the cost of the transaction, farmers will receive their funds intact and same. The vulnerable citizen would then have value for money in dealing with the government whiles having to benefit from the opportunities that having an account and using it comes with. Such is not the case when physical cash changes hands in payments

Today the digital disruptions in the financial, telecommunication and economic arena are having is impacts. For policymakers and private sector stakeholders, more keenly important is the fact that 5 of the thirteen sub-Saharan African countries (The only five in the world) - Somalia, Uganda, Côte d'Ivoire, Tanzania, and Zimbabwe have an adult population with more mobile account than they have from a formal traditional financial institution. What this means is that, in those five countries, an ordinary man on the street is more likely to have, use, trust and save in a mobile money account or wallet than saving with a traditional formal bank account. This comes with enormous opportunities and breakthroughs. Digital payments are comfortable, fast and less expensive than physical cash payments

Recommendations
1) Regional and sub-regional bodies in sub-Saharan Africa should take up the financial inclusion drive as a priority and ensure peer-to-peer commitments of its members based on individual country socio-economic dynamics.
2) Each sub-Saharan African country should develop a National Financial Inclusion Strategy in a highly consultative manner at their country levels to guide their efforts.
3) Sub-Saharan African governments should continuously support ongoing literature and research work on Financial and Economic inclusion to provide reliable data will guide the policymakers developmental aspirations and economic policies. Therefore countries should set up Financial Inclusion Research Fund as part of their National Financial Inclusion Strategy to support continues research on financial inclusion issues for their jurisdiction.
4) Sub-Saharan African Countries should commit a percentage (at least 1%) of their annual GDP as the budget for Innovative technology for the support of the digital economy stimulus for sectors like financial service and other industries to perform.
5) Efforts should be made at country and regional levels to make the use of financial services delivered electronically cheaper - best practice is Wechat and AliPay payment solutions in China. Wechat specifically has no cost build up for use of its platform for payment of goods and services, therefore promoting the use of mobile phones and users can transfer cash and make purchases digitally for goods costing as low as half a dollar. It is practically possible to pay for an item bought at an amount which is less than a dollar with no additional fee except the cost of the item only. These are some of the readily felt benefits of Innovation Technology within the banking space.
6) African government set up support investment funds and partner firms which can design innovative technologies in the area.

How To Use BHIM UPI For Fund Transfer Or Payments Without Internet?

noreply@blogger.com (Ritesh Patil) — Mon, 10 Jun 2019 00:45:00 -0700

Prime Minister Modi launched BHIM (Bharat Interface for Money) app developed by National Payment Corporation of India (NPCI) on 30th December 2016 for facilitating fast and safe cash payment transactions via mobile phones. The launch came in the wake of demonetization when India was confronting huge cash crisis after the scrapping of Rs. 500 and Rs. 1000 banknotes and aimed to promote cashless economy and digital transactions.

Of late BHIM United Payments Interface (UPI) has become the most commonly used platform for making money transfer, bill payments, online shopping transactions, etc. The 24x7 payment service can be accessed over GSM feature phones as well as smartphones. All a user needs to use BHIM UPI service is a bank account, registered mobile number, and a debit card. User can simply download the BHIM app and for making fund transfer or merchant payments the receiver needs to be on the UPI platform. The payment can be done using the beneficiary's VPA or virtual payment address or the UPI QR can also be used for sending or making payments. Nonetheless, if you have a basic phone with no internet facility or your internet is down for some time, you can still access BHIM service. How to access BHIM service for money transfer or payment without internet? For accessing the features of BHIM over your phone, you need to dial *99#. Currently, the functionality is available across all GSM service providers and handsets but not on CDMA phones. The service enables payments or fund transfer through VPA or a combination of bank account number and IFSC code. Below are listed steps to activate BHIM for fund transfer service without internet:

Step 1: Dial *99# from your phone

Step 2: Select your preferred language and send.

Step 3: A message saying Welcome to BHIM *99# will appear. Here in you need to provide your bank's name or first 4 letters of your bank IFSC code.

Step 4: You then need to select the bank account from the provided options

Step 5: After selecting your bank account, you need to provide the last 6 digits of your debit card and month and expiry separated by a single space.

Step 6: Enter your new six-digit UPI PIN.

Step 7: Re-enter your six-digit UPI PIN.

Step 8: Your UPI is set and now you can check your account balance by entering your UPI PIN again.

Notably, *99# service is available at a cost and your telecom service provider charges a fee for it. You need to confirm the exact charges for availing features of BHIM using *99# from your TSP. For using *99#, TRAI has set the maximum cap of Rs. 0.5 per transaction.

Top 10 Financial Experts in India

noreply@blogger.com (Ritesh Patil) — Sun, 9 Jun 2019 10:27:00 -0700

Top 10 Financial Experts in India - In an uncertain time, humans have an innate sense of looking up to someone who has experience. Especially in a sector as agile and unpredictable as finance, we are constantly looking for a mentor whose advice we can rely upon in making important decisions. With money involved, it is of utmost importance that we follow the advice of someone with great expertise. Hence we have picked these 10 advisors (in no order whatsoever) to make this task a teeny bit easier for you-

Nilesh Shetty: A qualified CFA from CIMA, UK, Nilesh has more than 13 years of experience in the field of research and finance. Currently, he is the Associate Fund Manager at Quantum AMC. He was associated with the Edelweiss group prior to that.
Suresh Soni: Up until January 2018, he was the CEO of DHFL Pramerica. He has more than 23 years of experience in Indian financial markets. Having held senior positions across investments and general management, his expertise in the field is unparalleled. He had worked with Deutsche MF, Pioneer ITI, Sundaram Newton and SBI as well over the years.
Lakshmi Iyer: The general mindset in today's world is that finance is a male-dominated industry but Lakshmi shares the refreshing view that "the glass ceiling is in the mind. Not only has she been in the industry for over 20 years, but she has also been winning at it. With her kind of attitude, she has become an inspiration to women all across the globe who wish to build a career in this sphere. Currently, she is CIO at Kotak.
Sonu Iyer: With a rich experience of over 23 years, Sonu is the Tax Partner and People Advisory Services Leader, EY India. He is known for sharing her uninhibited and unabashed opinions over the matters of finance. Her insights and views vividly demonstrate her knowledge in the area.
Saravana Kumar: Saravana has worked for over 25 years in investment management across sectors such as mutual fund, banking, insurance, and portfolio management services. At present, he is the Chief Investment Officer for LIC and before that, he has been associated with huge names in the industry like Tata and Trust Investment Advisors. He also received the World Finance Award in 2013.
Seemant Shukla: After working for ICICI, Reliance and Dhanlaxmi Bank, he is now heading Sales and Business Development for Edelweiss. He has been in the financial globe for about 13 years now rich with experiences and learnings.
Lovaii Navlakhi: Lovaii is one of the first Certified Financial Planners(CFP) of India. He is an MBA (Finance) and an ICWA. A staunch believer in continuing education as a way of life he is now the Founder and CEO of International Money Matters. Lovaii has also been a board member of the Financial Planning Standard Board, India. His blogs also make a great read.
Brijesh Dalmia: The founder of 'The Brijesh Dalmia Leadership Company'.He is a CFP, LUTCF, and LMF. He is also the founder of 'Dalmia Advisory Services', which is among the leading boutique wealth management company in the country. He has authored 9 books and is a regular blogger.
Manish Chauhan: Manish has written articles on over 800 personal finance topics, 2 personal finance books with CNBC, and being a part of about innumerable seminars and workshops. He is the founder of Jagoinvestor which is a Financial Coaching firm. He has been in the finance sector for over 8 years now.
Sumeet Vaid: Undoubtedly a veteran in the industry, he has worked with companies like Bajaj Capital, Prudential ICICI, ING Vysya, Optimix, Networth Stock Broking. He is also is the founder and CEO of Freedom Financial Planners. He has more than 13 years of experience in Wealth Management, business & distribution of financial products.

Bonus: with the rise of technology at a great pace, we can also rely upon our virtual finance experts. In terms of personal loans and credit cards, we have various online portals that can help you out as well.