Category : Financial Insights
The road tax is often charged by both the State Government and the Central Government to the citizens and is collected in various methods. The road tax rules differ from state to state. This causes a few changes in tax rates when moving between Indian states, especially for govt.
Category : Financial Insights
In India, relocating to another state or city is easy. But if you are planning to take your vehicle as well, it is mandatory to re-register your vehicle with that state or city.
Category : Financial Insights
The Ministry of Road, Transport and Highways (MoRTH) introduced the Bharat series in 2021 to streamline vehicle registration. The Bharat Series number plates, also known as BH number plates, aim to simplify the process for individuals who relocate from one state to another in India.
Category : Financial Insights
Debt can be a huge burden that affects ones financial well-being and peace of mind. For many individuals, getting out of debt becomes a top priority, but the process can seem overwhelming.
Category : Financial Insights
In the financial world, credit review plays a pivotal role in determining an individuals or a businesss creditworthiness. This comprehensive evaluation conducted by lenders and financial institutions allows them to assess the risk involved in lending credit and make informed decisions regarding loan approvals, interest rates, and credit limits.
Category : Financial Insights
Over the past couple of years, the number of people applying for some form of credit has increased due to a host of different factors. Most of this is usually attributed to the economy picking up and more people borrowing credit.
Category : Financial Insights
Taking a loan vs. using savings is a never-ending debate for individuals. There is no perfect choice between taking a loan vs. using savings. Both these options are viable as per personal choices and financial requirements.
Category : Financial Insights
Microcredit, also known as microfinance, is a financial service that provides small loans to low-income individuals or groups who have limited access to traditional banking services. It aims to alleviate poverty, promote entrepreneurship, and empower individuals to start or expand their small businesses.
Category : Financial Insights
In the realm of personal finance and business transactions, managing payments is of utmost importance. Two common terms often used in this context are "outstanding payments" and "overdue payments." Understanding the difference between these terms and the implications they carry is crucial for maintaining financial stability and avoiding potential consequences.
Category : Financial Insights
In todays world, credit plays a vital role in our financial lives. It influences our ability to secure loans, obtain favourable interest rates, and even rent an apartment. However, a less-than-stellar credit history can hinder these opportunities, making it challenging to achieve financial goals. This is where credit repair comes into the picture.
Category : Financial Insights
In the digital era, traditional methods of authorizing and processing payments have evolved to keep pace with technology. One such advancement is the introduction of e-mandates, which provide a convenient and secure way to authorize recurring payments electronically.
Category : Financial Insights
In the complex world of finance, credit derivatives have emerged as important instruments for managing credit risk. Credit derivatives are financial contracts that derive their value from underlying credit instruments, such as loans, bonds, or other debt obligations. These instruments enable investors to transfer or manage credit risk without owning the actual underlying assets.