Major Highlights

• Railways get highest ever allocation of Rs 2.4 Lakh Crore
• Agricultural credit target increased to Rs 20 Lakh Crore
• 50 additional Airports, Heliports planned
• Mahila Samman Savings Certificate for two years, deposits of up to Rs 2 Lakh at 7.5% Interest
• Senior Citizen’s Savings Scheme deposit limit raised to Rs 30 Lakh
• Income tax rebate limit increased from Rs 5 Lakh to Rs 7 Lakh under new tax regime
• Allocation for PM Awas Yojna increased by 66 % to over Rs 79,000 Crore
• 157 New Nursing Colleges in Major Locations
• Eklavya Model Residential Schools - 38,800 Teachers will be hired
• 3 centers for excellence for AI will be set up in Top Educational Institutes
• Green Hydrogen Mission for reduced dependence on fossil fuel
• 30 Skill India international centers to be set up
• Natural Farming - 1 Crore farmers will get assistance

Valuable Financial Lessons from the Festival of Diwali!

This Diwali, light the lamp of financial freedom

Diwali, one of the most awaited festival of the year is here. It is a celebration of good over evil and light over darkness. It is also a time for shopping, delicious sweets and quality time with family and loved ones.

Diwali is considered very auspicious for new beginnings and ventures. This makes it the perfect occasion to start your journey towards a financial freedom.

We all have different financial goals and dreams like planning for children’s marriage or education, foreign trip,  buying a house or vehicle, retirement etc. However, without a proper plan, many of these goals remain a distant dream.  A small but regular saving can help in creating a huge corpus due to the power of compounding with time. If you are not sure about how to create a financial plan, it is best to seek the help of an expert for financial planning.

Get Rid of Your Loans and Liabilities

Just like our home cleansing ritual before Diwali, one should get rid of all their loans and liabilities at the earliest as they put an unnecessary burden on our finances thus leaving very less scope for saving and investing.

Plan for Retirement

Retirement is a period when your income stops but expenses won’t. Besides due to increasing life expectancy people are now living longer than before. By planning for your retirement when you are young and earning, you can not only have adequate income but also live comfortably without depending on others.

Buy Adequate Health Insurance

Health is the real wealth. Medical issues can crop up anytime putting a huge burden on one’s finances. Lack of adequate money in such circumstances can result in a compromise. Health insurance can ensure there that one can avail the best treatment without breaking their hard-earned savings.

Need to Do Estate Planning

Life insurance is one of the best options for estate planning in the world which ensures there is no legal disputes after your lifetime and helps your chosen one to receive your wealth smoothly.