Simple ways for Managing Rupaya

On last Sunday I was watching a beautiful documentary on Mathematics on you tube, suddenly one pop up was there for suggestion. When I clicked on suggestion, I was navigated to the trailer of movie “Shakuntala Devi” with Vidya Balan as lead artist. During the year, we had movies like Super 30, URI, Mangalyan having teachers, scientist, and soldiers as the central theme of movies. Being a professor, it feels really good to watch the story of real heroes on screen. Suddenly one question pops up in my mind that do we have any movies which are also good for learning finance? If we search for the same on internet we will get a long list of movies but most of them are from Hollywood. Don’t we have a single movie on economist or accountants or subjects covering the financial aspects? In this blog, I am going to discuss about the Bollywood movies having the finance or financial education as a part of story plot. Let’s look at the Old Bollywood movies having noteworthy subject of livelihood i...

India was badly hit by 2 back to back cyclones, Nisarga on Konkan area, Maharashtra and Amphan on West Bengal in the last month. Every citizen of India was horrified by the destruction done by the “Nisarga” & “Amphan” cyclones. We all have seen how the residential houses, commercial sheds were devastated. This triggered the question in my mind “How can we minimise the loss occurred by the natural or man- made calamities?” Insurance is a one word answer for this question. I started analysing the real time data for getting the answer whether people really care about taking the general insurance for natural and manmade calamities. Chart 1: Summary of Insurance general sector – Rs. In crores It can be observed that Motor and health insurance are playing the dominant role in type of general insurance. Generally I have also observed that common man is little bit ignorant about the home/ property insurance. He/she purchases the insurance only when bank suggests the same while pr...

I am writing the blogs for the last 2 months now. I have experienced that most of the people are interested in understanding the strategies for earning good amount of the returns in the share market. I feel very happy that common man is keen to know about shares and mutual fund. Even before the launch of the various financial instruments in the India, citizens are investing the money in the gold for many centuries. This has resulted into strong faith and demand for the gold. Let’s look at the current prices of the Gold, Platinum and silver in the India for the last 10 days of the May 2020 Chart 1: Gold, Platinum and silver rate per gram Date Gold Rate per gram Platinum rate per gram Silver rate per gram 20-May-20 4,657.00 2,100.64 47.67 21-May-20 4,620.00 2,038.41 48.20 22-May-20 4,625.00 2,043.25 48.25 23-May-20 ...

In India, number of middle class families is more than the rich class. Generally, it’s observed that all the middle class people pay their taxes on the time with help of the financial experts regularly but they hardly contact him/her again throughout the year while dealing with the financial crisis or management of the income. This blog is purposefully written for all my middle class readers who are currently facing many problems in the day to day life. I am sure you will start behaving like a financial expert to a certain extent after reading this blog. In the last blog we have already seen the importance of the financial survival for the next 6 months. On the other hand, it’s pretty clear that middle class person cannot increase his/her income immediately but after analysing the past transactions, he/she can curtail the unnecessary expenses and start planning to generate the new income source. Many great economist have already forecasted that India will recover in “V” shape bu...