Budget Better, Live Greater
8th Pay Commission Expected Soon: The 8th Pay Commission is gaining traction, with the Union Cabinet accepting its creation on January 16, 2025, with its implementation scheduled for January 1, 2026. This commission is expected to raise salaries by 20–35%, potentially raising the minimum basic pay from 18,000 to 34,560–51,480, based on a fitment ratio … Read more
The Indian economic environment is brimming with chances, and Aegis Vopak Terminals Ltd planned Initial Public Offering (IPO), which will take place on May 26, 2025, is generating a lot of attention. Aegis Vopak, the biggest independent tank storage firm for liquid goods and liquefied petroleum gas (LPG) in India, is taking a proactive approach … Read more
Indian Middle Class Salary: The middle class in India, which makes between ₹5 and ₹20 lakh a year, would have to walk a tightrope financially in 2025. With over 100 crore UPI users, 2 crore demat accounts, and a $5 trillion economy aim by 2030, middle-class households in Tier-2 cities like Patna and metro areas … Read more
Microsoft Layoffs: Microsoft announced layoffs in May 2025 that would impact 6,000–7,000 workers (about 3% of its 228,000 employees), focussing on middle management, software developers, and positions across Xbox, Azure, and LinkedIn as it invests $80 billion on AI and cloud infrastructure. These layoffs, the biggest since the 10,000 job loss in 2023, have left … Read more
Reserve Bank of India Fines SBI & Jana Bank: On May 9, 2025, the Reserve Bank of India (RBI) slapped significant penalties on State Bank of India (SBI) (₹1.73 crore) and Jana Small Finance Bank (₹1 crore) for regulatory non-compliance, creating worries among borrowers about loan safety. These fines underscore the significance of banking compliance … Read more
Prepay Home Loan Calculator: Home loans are a lifeline for millions of Indians who want to buy a house; as of 2025, there would be ₹25 lakh crore in outstanding debts. However, housing loans can put a strain on budgets due to their high EMIs (₹30,000–₹50,000), long tenures (15–20 years), and interest rates (8–10% p.a.). … Read more
Tata Technologies Share vs Debt EMIs: In India, financial planning sometimes entails deciding between controlling debt through EMIs (Equated Monthly Instalments) for large expenditures and investing in stocks to build wealth. The stock performance of Tata Technologies, a multinational engineering and digital services firm, has drawn attention. As of April 2025, its market capitalisation was … Read more
Medical Emergency Expenses? Here’s Your Financial Survival Guide: Medical crises may happen at any time, and if you’re not prepared, they can have a devastating financial impact in India, where healthcare expenses are growing quickly. Depending on the treatment and location, a single medical emergency might cost anywhere from ₹50,000 to ₹10 lakh or more, … Read more
Effective Chit Fund Debt Solutions: Managing debt is a daily reality for India’s middle class, which will number over 400 million by 2025. In Tier-2 towns like Patna or cities like Delhi or Mumbai, debt may put a burden on budgets, ranging from ₹5 lakh personal loans at 15% interest to ₹1 lakh credit card … Read more
Gold Loan vs Personal Loan: Financial crises, such as paying off high-interest credit card debt, wedding costs, or medical expenditures, sometimes force families in India to look for loans. According to RBI projections, loans represent a lifeline for many, with over 100 million retail borrowers and ₹90 lakh billion in outstanding credit as of 2025. … Read more