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MIDDLE CLASS SAVINGS
‘Rs 70,000 Salary, Rs 15.5 lakh debt, no savings, no property and a dependent mother’: Woman’s viral post on loan burden sparks financial adviceA 31-year-old woman's plea for financial help on Reddit highlighted the struggles of being the sole earner supporting her mother on a ₹70,0...
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...
DBS optimistic about India’s long-term structural growth: Chief says country must invest in talent; focus on wealth spaceDBS Bank's CEO views India as a significant long-term growth opportunity. The nation can benefit from the AI-driven demand for hardware. Ho...
FM Nirmala Sitharaman calls Karnataka's stand on Jan Aushadhi Kendras as Congress pettiness, rejects tax devolution chargeThe Jan Aushadhi scheme had made medicines up to 60% cheaper and helped families save nearly Rs 40,000 crore across the country, Sitharaman...
Inside Samsung's strategy to own every tier of the Smart appliance marketSamsung's new Bespoke AI refrigerator range targets India's growing premium appliance market with a three-tiered strategy. From practical D...
Income tax burden reduction over 12 years reflects 'Ramrajya', government saysA government booklet marks Narendra Modi's tenure as India's longest-serving Prime Minister. It highlights tax reductions and reforms like ...
A very online Israeli army spokesman is the face of war for millions of ArabsAvichay Adraee, Israel's Arabic-speaking military spokesman, has become a prominent figure. He uses social media to issue warnings ahead of...
Reassure homes, not just economy: Why India’s growth feels weaker at household levelThe ripples of global disruptions are felt in the everyday lives of Indian families, shaping individual narratives beyond simple data point...
'Income Rs 1.7 lakh per month, savings just Rs 2,250': Couple say they are living paycheck to paycheck, mentally exhaustedA young Indian couple earning a combined ₹1.7 lakh monthly faces financial strain. High loan EMIs, including a ₹70,000 personal loan, leave...
Wealth wisdom of the day: ‘It's not how much money you make, but...’ – ‘Rich Dad Poor Dad’ fame Robert Kiyosaki on assets that work for youWealth wisdom of the day: Working for money is not the key to wealth; it should be the other way around, is what Robert Kiyosaki suggests -...
No cost EMI a scam? CA warns why it can be a financial trap targeting middle classNo-cost EMIs are popular in India, making big purchases seem affordable. Chartered accountant Nitin Kaushik warns this is a psychological s...
Bengaluru techie earns Rs 1.7 lakh a month but still wants to sublet a room in his new home: 'Part of me feels trapped'A Bengaluru tech professional is experiencing significant financial stress after purchasing his first home. Despite a good salary, the home...
Bengaluru techie, earning Rs 24 LPA, reveals how her parents ruined all of her savings: ‘Living paycheck to paycheck…’A Bengaluru professional earning Rs 2 lakh monthly felt helpless after her parents, burdened by debt, pressured her into buying a house. No...
Paying home loan for 30 years? CA explains the hidden trap behind the home loans and the only way to beat itHomebuyers often overlook the true cost of 30-year home loans. Early EMIs primarily pay interest, not principal. Chartered Accountant Nitin...
Vijay Kedia says long-term capital gains tax should be abolished for nation building. Here’s whyAce investor Vijay Kedia has urged the government to abolish long-term capital gains (LTCG) tax on listed equities, stating that long-term ...
China luxury market trends: Why consumers are shifting to frugal and online shoppingWhen Beijinger Jacqueline Li first heard one of her favourite luxury department stores in the city was closing, she was shocked -- until sh...
PM Modi promised achhe din, but delivered hard times, says SiddaramaiahKarnataka Chief Minister Siddaramaiah criticised Prime Minister Narendra Modi saying that recent increases in petrol and diesel prices are ...