[searchwp_no_index][searchwp_no_index] Showing results for rules electricals limited A budget is a spending/revenue plan for a person, a group of people, a business, a government, or other entity based on income and costs. It’s an estimate of how much money you’ll make and spend over a given time period and this is frequently created and re-evaluated on a regular basis. Short-term budgets cover and track expenses of a short span of time like a week, month or a year whereas Long term Budgets cover expenses over a year and these may include long term investments and other business goals. A simple budgeting approach that can assist one in successfully, easily, and sustainably managing their money and budgeting is the 50/30/20 rule . The basic idea of this is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants, and 20% for savings. The 50/30/20 rule is an excellent way to add discipline to the spending habits and achieve one’s financial objectives. 50% NEEDS: Needs are unavoidable expenses such as payments for all the basic necessities that one would find impossible to survive without. Your most essential expenses should be covered by 50% of your after-tax income. If your needs require more than that, you’ll have to either cut back on your wants or reduce your lifestyle to fit your budget. 30% WANTS: You can spend up to 30% of your after-tax income on your wants. Wants can be defined as non-essential expenses or desires that you choose to spend your money on, although you could live without them if you had to. Wants are essentially all of the small extras that we spend money on to make life more pleasurable and engaging. 20% SAVINGS : The remaining 20% can be used to achieve your savings objectives or to pay off any existing obligations. Putting aside 20% of your earnings on a monthly basis can help you build a stronger, more long-term savings strategy. (I) Some examples of essential costs(50%) : 1) Living expenses like Rent or a mortgage 2) Monthly bills which will include A cell phone bill, credit card bill or electricity bills. 3)Food: Grocery purchases and meals are other examples. 4)Other essential costs based on individual needs like health care, car insurance etc. II) 30% of your monthly budget goes to wants which can include :- a] Hobbies like painting supplies, knitting yarn ,gym equipment/membership. b] Dining out. c] Clothing items. d] Entertainments like movies and gaming come under entertainment costs. e] Vacation costs like flights, hotels and entertainment. (III) Identifying your financial goal is also important while budgeting.When are where to allocate the set 20% can be a question for many.Some examples of these can be :- STEP 1 : Calculate your monthly income. Let’s Assume Person A receives Rs. 50,000/- every month in this bank account. STEP 2: Categorize your spending. Divide the total amount you have into 3 different categories to match the 50:30:20 rule. Eg:- TOTAL IN-HAND : 50,000 Rs. NEEDS : 50,000 /100 x 50 = 25,000 Rs. WANTS : 50,000/100 X 30 = 15,000Rs. SAVINGS: 50,000/100 X 20 = 10,000Rs. STEP 3 : It’s also crucial to keep track of your spending each month and make adjustments in the budget as needed. Life is meant to be enjoyed, but spending your money like water is also not a solution. Therefore having a plan and sticking to it will allow you to cover your expenses, save for retirement, all at the same time doing the activities that make you happy. The 50-20-30 rule of budgeting is intended to help individuals plan how they should manage their income more seriously and help you become aware of your financial habits, limit overspending and give a chance for saving up for retirement and emergencies. View Chapters These two Insurance have sub categories which includes Sr. No General Insurance Sr. No Life Insurance 1. 1 Term Life Insurance 2. 2 Unit Linked Insurance Plans 3 Property Insurance 3 Whole Life Insurance 4. Fire Insurance 4 Endowment Plans 5 Travel Insurance 5 Child Plans for Education 6 Retirement Plans Health insurance covers cost of an insured individual's medical and surgical expenses. Subject to the terms of insurance coverage, either the insured pays costs out-of-pocket and is subsequently reimbursed or the insurance company reimburses costs directly. Every individual is different and has a unique set of needs. A single health insurance product is not enough to cover every person's individual requirements. This is precisely where there are a number of different types of health insurance plans available. Let's take a look at what they are: One can purchase an individual health insurance policy to provide cover for oneself, spouse, children and parents. These policies typically cover all kinds of medical expenses, including hospitalization, daycare procedures, hospital room rent and more. Under an individual health insurance plan, each member has their own sum insured amount. So, let's say if a person has taken an individual plan for oneself, spouse and both parents with a sum insured of INR 8 lakhs. Each of them will be able to claim a maximum amount of 8 lakhs per policy year against their health insurance. A family floater plan allows the individuals to cover their family members under a single policy and everybody shares the sum insured amount. These plans are typically more affordable than individual plans since the sum insured is shared. Let's say if a person purchases a family floater plan for oneself and spouse with a sum insured of INR 8 lakhs. In a single policy year, here the individual can make claims worth only INR 8 lakhs. The spouse may make claims worth INR 6 lakhs and one could make claims worth INR 2 lakhs or vice-versa. Typically, family floater plans are ideal for young nuclear families. These health plans have been designed specifically keeping the medical needs and requirements of senior citizens in mind. Most senior citizens policies offer additional cover, such as domiciliary hospitalization and even some psychiatric benefits. Since older citizens are more likely to have health issues, these policies may require a full medical check-up beforehand and could be more expensive than regular insurance policies. There are a number of lifestyle-related diseases that are on the rise. Health issues such as cancer, stroke, kidney failure and cardiac diseases can be very expensive to deal with and manage long-term. This is precisely why critical illness insurance policies have been created. They can either be purchased as a rider or add-on with their regular health insurance plan or separately as their own plan. These policies offer cover for very specific issues and often provide claim payouts as a single lump sum payment after the diagnosis of a critical illness. Unlike individual andfamily floater policies, group health insurance plans can be purchased by a group manager for a large number of individuals. For example, an employer can purchase group insurance for all their employees or a building secretary may purchase such a plan for all the residents of the building. These plans are fairly affordable, but they often only provide cover for basic health issues. Employers often purchase these plans as an additional benefit for employees. Purchasing health insurance is crucial for a number of reasons. Let's take a look at the most important benefits of our health insurance policies: People purchasehealth insurance policiesto safeguard their finances against ever-rising medical costs. An accident or medical emergency could end up costing more than a few thousand rupees. With a medical insurance plan, one can enjoy cover for everything from ambulance charges to daycare procedures, making it easier to get the care you need to recover. Many health insurance policies will also offer cover for critical illnesses at an additional cost. Given the rising incidence of lifestyle-related diseases today, this is another crucial cover to have. Here the policy holder will be provided with a lump sum payout in case you are diagnosed with any of the covered critical illnesses. These issues are often very expensive to deal with and manage, so critical illness cover is another vital benefit of having health insurance. Every health insurance provider will tie-up with a number of network hospitals where one can enjoy cashless claims. This makes the entire process of receiving emergency medical care much easier. At a network hospital, the person need not really pay for any of the covered treatments. For all valid claims, the insurance companies take care of the medical costs, without having to pay for anything, except non-covered expenses and the mandatory deductibles. If the insured person enjoy cover under a group health insurance plan, then one can wonder why to purchase own health insurance policy. Well, individual health insurance plans offer provider more and better cover than group plans. Additionally, if the person happen to leave the group at any time, then he or she risk losing the cover, which could make their finances vulnerable. Under Section 80D of the Income Tax Act, 1961, premiums paid towards the upkeep of health insurance policies are eligible for tax deductions. For a policy for self, spouse, children and parents below the age of 60, one can claim a deduction of up to INR 25,000 per year from their taxable income. If a person has also purchased a policy for a parent who is over the age of 60, he or she can claim an additional deduction of INR 50,000. Like every kind of insurance policy, health insurance also helps one deal with the financial repercussions of an accident or emergency. Let's take a look at how health insurance actually works. Need for Medical Insurance Buying a health insurance policy is not something that most people willingly do, until it is too late. While the awareness and intent to buy health insurance has increased, it is still not seen as a priority. There is still a big lag between the intent and actual buying. A medical emergency can come knocking anytime. If the insured person is young, chances of falling ill are low but not zero and accidents can also happen. The medical expenses associated with such situations could make a big hole in their pocket. Agood Health insurance plancan protect from this financial blow to savings and provide the much-needed cushion to bear the costs towards doctor’s visits, tests, medicines and other procedures. Healthcare expenses are increasing at a rate higher than medical inflation; health insurance helps to get the required treatment without cutting any corners for the lack of funds. There are several health insurance policies available in the market. To enjoy cover without any hassles, one need to find the policy that best looks after ones unique needs. Here are some important factors to consider while choosing a health insurance policy: Many insurance providers have a limit on the maximum sum insured one can choose. If a person needs a high sum insured, then he or she needs to find a health policy that offers what he or she is looking for. A good rule of thumb is to get cover that is a minimum of six times the salary. If a person earns INR 50,000 per month, look for a policy that offers at least INR 3 lakhs as the sum insured. One should also look for other benefits. If the insured person is planning on starting a family in a few years, make sure maternity costs are covered. But at the same he has to will to check the waiting period as maternity benefits are subject to slightly longer waiting periods. Different insurance providers may have different hospitals in their network. Ideally, look for a policy that offers cashless claims at all the top hospitals in the city. One should also make sure that the preferred hospital is on the list. This will make the entire process of getting the treatment much easier. Every health insurance policy has various limits and sub-limits. One needs to check the policy documents thoroughly to understand exactly how much coverage will be needed to get per treatment charges or hospitalization. For example, some policies may help cover the per day room cost, but only up to INR 2,000 per day. If it happens to be in a hospital where the room rent is INR 4,000, then the person will have to pay for half the cost of the room. One should also check the limits of pre- and post-hospitalization expenses. Some plans offer cover for only 30 days pre-hospitalization and 60 days post-hospitalization. Others offer 60 and 90 days respectively. Given that the insurance market is fairly competitive, different policies offer various benefits. No-claim bonuses and the restoration of sum insured are some of the most popular ones. One should always check whether the chosen insurance policy will provide these benefits. Always look for policies that offers additional benefits. Every policy has its own exclusions or medical procedures and situations that it will not cover. Make sure to check what's covered and what isn't before purchasing a plan. One should also check if there's a co-pay clause, how much one will have to co-pay and what the waiting periods are. Shorter waiting periods and voluntary co-pay are ideal. A mediclaim plan or health insurance policy works a little bit differently as opposed to a critical illness insurance plan. Let's take a look at the differences between these plans: Mediclaim plans are known as indemnity plans. This means that the claim amount one receives will help offset costs as per actuals. These payouts are provided against actual medical costs and bills. On the other hand, critical illness plans offers a lump sum payout of the sum insured once diagnosed with a covered critical illness. One can use the money to pay for treatment, repay debts or even replace their lost income. Regular mediclaim policies offer cover against a wide range of issues. Everything from accidents to surgeries, AYUSH and domiciliary treatments are covered under these policies. Critical illness plans, on the other hand, provide a lump sum payment only for very specific critical illnesses. Vehicle insurance is an insurance product that covers the financial risk related to vehicle damage. It is also called auto-motive/auto insurance or motor insurance. The policies include four-wheelers, three-wheelers like auto rickshaws, and two-wheelers. The car insurance industry in India has undergone several positive changes in the recent past. Digitization is the most prominent of them. Insurance has been simplified with the arrival of new-age digital insurance companies. Now, potential policyholders do not have to depend upon agents to help them understand the nuances of an insurance policy. All information is available in an easy-to-understand manner on the insurer’s website. This way, the prospective policyholder can make an informed choice. Policies can be compared and quotes can be generated within minutes One should buy car insurance in India to ensure that he or she do not face a financial loss in case of an unfortunate circ*mstance such as a car accident, natural calamity, etc. Also, buying car insurance in India is compulsory. Failing to do so will amount to penalties. Going by the number of vehicles on the road and the rate of accidents, it is imperative to make the right choice when it comes to purchasing car insurance coverage. Listed below are the two options when it comes to selecting a car insurance policy. The Motor Vehicles Act states that this type of car insurance is compulsory if the policyholder wants to drive their four-wheeler legally on Indian public roads. When police officials ask for insurance, they check whether the Third-party Liability Car Insurance policy is active or not. If not, then he or she have to face penalties. The rule is so strict that the policy holder can end up in jail as well. This policy is more desirable if the person wants all-round coverage. A Comprehensive policy, as the name suggests, is a wide-ranging cover. It not only includes the features offered by a Liability-only policy but also offers Own Damage cover. This means policy holders are insured if their car causes damages to others, and also if it is damaged by others or natural calamities. Here’s the answer to what does car insurance cover in India? For an exact list of coverage, refer to the respective Policy Wordings. Third-party Car Insurance Coverage: Comprehensive Car Insurance Coverage: Here’s a list of items not covered in a car insurance policy. For an exact list of exclusions, refer to the respective Policy Wordings. Nowadays, one can hire a car on rent and drive it. Such cars are often referred to as self-drive cars. In India, the vehicle insurance purchased is for a particular vehicle, therefore it won’t apply if one is driving a rental car. The person will have to abide by the terms and conditions of the rental car company for therental car insurancecover. Usually, such companies have a Third-party Liability Cover in place for the self-drive cars. Insurers consider a lot of factors before finalizing the insurance premium for a Comprehensive policy. However, when it comes to a Third-party Liability policy, the premium is stated by the Insurance Regulatory and Development Authority of India (IRDAI), which is based on the vehicle engine’s cubic capacity. Here’s a list of factors that affect the insurance premium of a Comprehensive policy. This is popularly known as IDV. IDV is the market value of the car. It is not the resale value but the amount one shall receive in case the vehicle faces a total loss. Some insurers allow the policy holder to select IDV from a range. A higher IDV will amount to a higher premium and a lower IDV will amount to a lower premium. However, the relation between IDV and the Sum Insured is the same as IDV and the premium. If one chooses multiple Add-ons, it is bound to increase the car’s insurance premium. Therefore, it is suggested to select only those Add-ons that one feels are suitable. The age of the car is also related to its value. An older car will be less costly as its value will be on the lower side due to factors like depreciation. Installing safety features such as anti-theft devices in one’s car will lower the premium charged. Make it a point to install only those anti-theft devices that are certified by the Automotive Research Association of India (ARAI). No claims result in No Claim Bonus. And No Claim Bonus equates to a discount on the premium while renewing the car insurance policy. The price calculation for the two types ofcar insurancein India is different. Here’s how they are priced. The rates of a Third-party Car Insurance policy are not decided by insurance companies. The IRDAI gives directives regarding such rates. They might or might not change from a year-to-year basis. Third-party rates are the same across all car insurance companies. Here, the insurance companies are free to charge their premium. However, they have to abide by the IRDAI rules when it comes to the inclusive Third-party insurance component. The factors on which the insurance companies charge premium are mentioned above. Apart from the above-mentioned factors, they also consider their competition and charge accordingly. One can consider purchasing the following Add-ons to ensure that he or she has enhanced car insurance coverage. Property Insurance refers to different types of property insurance policies. Homeowners insurance, renters insurance, earthquake insurance, and flood insurance are a few.Property insurance provides owners with coverage against loss or damage caused to their property due to covered unfortunate events. They help owners get financial reimbursem*nts for the expenses they incurred while fixing these damages. 1. Home Insurance These types of property insurance policies help property owners protect their homes against loss or damage caused due to theft, fire, or natural & manmade disasters. Residential properties like apartments, flats, villas, bungalows, etc. can be insured using this type of property insurance policy. The insurance plans help insured people cover the expenses incurred due to damages. Additional spaces such as a garage, shed, washroom, etc., are also covered under these insurance plans. 2. Renter’s Insurance Property owners can buy these types of property insurance policies when renting out their properties. The Renter’s Insurance covers loss or damages caused to the property by tenants. Electronic appliances, furniture, fittings, and other expensive installations are also covered under these insurance policies. People also avail of these types of property insurance policies when renting out commercial property. 3. Commercial Insurance These types of property insurance plans are for commercial property owners. They can insure their business units, shops, factories, warehouses, etc. by simply purchasing a property insurance policy from their preferred insurance company. Financial losses caused to commercial properties due to natural disasters are also covered under such plans. 4. Fire Property Insurance Fire Property Insurance Plans help people protect their properties against losses or damages caused due to fire. The insurance plans cover fire accidents caused due to explosions, implosions, lightning, etc. Valuables such as fixtures, fittings, furniture, etc., placed in the insured property are also covered. These types of property insurance plans can be bought for both individual and commercial properties. 5. Public Liability Insurance These are third-party property insurance policies that can be availed of by property owners to protect themselves against the losses or damages caused within their property. These insurance policies best suit the owners of commercial properties such as bakeries, restaurants, hotels, cafes, etc. to pay for losses caused to their customers. Residential property owners can also purchase this type of property insurance policy to insure losses or damages caused to their guests while they stay in their place. Here are three major types of coverage that different types of property insurance providers offer. Option 1:This type of property insurance policy covers only the contents of the insured residential or commercial space. Option 2:This type of property insurance policy covers the contents of both, the building and the contents of the insured residential or commercial property. Option 3:This type of property insurance policy covers the contents of both, the building and the contents of the insured residential or commercial property, in addition to the valuables, such as gold, cash, jewellery, cash counter, etc., placed inside them. The eligibility criteria differ for different types of property insurance policies. However, here are a few major requirements that you must meet as an applicant. The applicant must be an Indian resident. The applicant must own the residential or commercial property that needs to be insured. The applicant must age between 18 and 60 years. An under-construction property, a plot, land, or a kutcha house cannot be insured. The applicant must have a good credit history. The geographic location of the property plays a critical role in the application approval process. A police investigation report FIR copy, in case of an accidental loss or damage A filled-out application form Repair estimates Original Invoice in case of a product replacement Invoices of owned articles, if any Court summons, if any Medical certificates for injuries or death, if any The insurance provider may ask for some additional documents based on the nature of the event. Various insurance companies offer different types of property insurance policies based on the requirements of their target audience. To choose the one that best fits your preferences, you must look out for the following things. Insurance Premiums:Your chosen property insurance policy must have affordable monthly, half-yearly, or annual premiums. This helps you pay for the same while managing to pay for your other financial requirements. Policy Tenure:Most property insurance policies come with a policy tenure of one year. Check the same for your policy with your chosen insurance service provider. Also, check the policy renewal process. A simple and quick policy renewal process helps extend the coverage duration. Liability Cover:Liability cover is the amount that your insurer provides you after your insurance claim gets approved. However, the amount is disclosed at the time of policy purchase. Make sure you check how much coverage your chosen property insurance policy offers. The amount offered helps you get rid of your financial liabilities in the case of an unexpected event. Extended Coverage:You must check if your selected property insurance policy covers all the related expenses, in addition to the main cover. You can compare different insurance policies in terms of coverage amount and eligibility criteria. Make sure you choose the one that offers extended coverage at a lower premium amount. Claims Registration:The best property insurance policy always has a simple claim process. You can contact the help and support team of your chosen insurer to know the list of documents you need to provide when registering a property insurance claim. A simple claims process helps you get a quick reimbursem*nt with minimal documentation. Claim Settlement Ratio:Make sure you check the claims settlement ratio of your chosen property insurance provider. Dividing the total number of claims registered in one year by the number of claims the insurance company has settled helps you find the claims settlement ratio. It must range above 80 per cent. Here are a few simple steps that you can follow to find the best property insurance policy based on your preferences. Determine Liability Cover Amount:First, determine the required liability coverage that you need on a yearly basis. Also, analyse your budget requirements to know the premium amount that you can pay every month without facing any financial difficulty. You can also use insurance calculators available online to perform these calculations. Compare Property Insurance Policies:Make sure you visit the online portals of multiple property insurance providers to compare the different types of property insurance policies that they offer. Make sure you compare the coverage amount, premium payment method, payment schedule, eligibility criteria, and the list of documents required. Checking all these details helps you find the best-fit property insurance policy in no time. Check Out the Registration Process:You can contact the help and support team of the chosen property insurance provider to know the detailed registration process. This helps you have all the required details handy while reducing the chances of making any errors at the time of online application. Gather the Required Documents:Once you know the registration process, it will be easier for you to gather the required documents based on the type of policy that you want to purchase. Make sure you have soft copies of all the essential documents at the time of online policy registration. Buy a Property Insurance Policy:Now that you have everything ready, you can go ahead and apply for buying your chosen property insurance policy online. Keep reading to know the detailed process. Some of the steps may vary depending on the online portal requirements of some specific insurance providers. Now that you have chosen the best-fit property insurance policy, here are a few simple steps you can follow to apply for one online. Fill Out the Application Form:Visit the online portal of the chosen property insurance provider. Fill out the online application form by providing the required details related to you and your property. Attach the Required Documents:Attach the required documents and submit the form. These documents help insurers verify your details and finish the policy registration Check the Add-Ons:Some property insurance providers offer a list of add-ons that you can buy separately based on your requirements. For example, the loss or damage caused due to the depreciation of your property is not included in the regular property insurance policy. However, you can get additional coverage against the same by purchasing an add-on. Pay the Premium Amount:Next, you will get an option to choose the premium amount and its payment schedule. Next, pay the premium using your preferred payment method. You can pay the premium using a credit or debit card, online banking, or wallet applications. Print the Insurance Card:Once the premium payment gets processed, you will get the insurance card up on your screen. Make sure you download or print it for future reference. You may also get it sent to your registered email address. You can check for the same with the help support team of your insurance service provider. Find below a few simple steps to register a property insurance policy claim online. Report the Incident:Contact your insurer and report the incident. You need to provide them with all the required loss or damage-related details. Lodge an FIR:Next, you need to lodge an FIR for the unfortunate incident that has occurred. Make sure you get a copy of the FIR as it is one of the essential documents to provide to the insurance company. Provide Required Details:Provide all the relevant information including the policy number, the policy registration details, the FIR number, etc. to the insurance provider. Get the Inspection Done:Next, the surveyor of the insurance company will prepare the inspection report. They will process the claim request when all the details provided are verified Provide Essential Documents:Provide all the required documents to the insurance provider. The set of documents varies based on the requirements of different types of property insurance policies. Claim Submission:Once done, the final report will be made by the surveyor. This report will be submitted to the insurer with a set of supporting documents. Wait for Approval:Wait for approval from the insurance company. You will be notified about the same via a call, SMS, or email. A fire insurance could be bought as a part of property insurance or as a stand-alone policy. It offers compensation for the costs incurred in the replacement, repair or reconstruction of a property that was damaged due to fire. Since the estimation of loss from fire is unpredictable, this policy is issued with fixed value compensation as an upper limit set by the property insurance policy. The actual loss or the maximum amount agreed beforehand is paid as compensation when you file a claim for fire insurance. To avoid ambiguity for the claim amount, certain types of clauses are included in this policy. Such types give more clarity on premium payable and claim amount payable without any scope of a dispute. Businessmen should be clear about the type of policy they need and whether it suits his/her business operations. Let us look at some of the types of fire insurance. When it is difficult to ascertain the value of the property or articles at the time of claim, a valued policy is issued. For example, the value of paint or art or jewellery is not constant during all the days of the year. For such cases, the estimated value is fixed in advance by the insurance company and policyholder, at the time of taking the insurance. In case of an unfortunate event, the predetermined value is paid, and actual loss is not assessed. Here the principle of indemnity is not applied, but the attempt is made to compensate the losses to the insured at a predetermined rate without entering into debates or disputes at the time of actual loss. Under this policy, the maximum amount payable is fixed in advance. In case of an unfortunate event, the amount equivalent to the actual loss or prefixed amount, whichever is less, is paid.For example, if a fire insurance policy is taken with a specific value of Rs. 2 lakh, then in case the loss due to fire is worth Rs.3 lakh, the amount payable is Rs. 2 lakh. However, if the loss is worth Rs. 1.5 lakh, the full amount of Rs. 1.5 lakh will be payable. Many a times, the applicant prefers the insured amount to be less than the value of the property. In such cases, the insurance company imposes the “average clause” to penalize the insured for taking up a policy less than the value of the property. For example, the valuation of your shop and goods inside the shop is Rs. 20 lakh, but you are takingafire insurance of Rs. 10 lakh. In such a situation, if a fire in the shop leads to damage worth Rs. 20 lakh, the insurance company will pay you Rs.10 lakh only, under the average policy clause. If a businessman has warehouses at different locations, s/he may opt for a floating policy. With the help of this single policy, all the goods lying in different warehouses can be insured together. Such an arrangement eliminates the need for buying separate policies for every warehouse. Moreover, you can opt for an average clause if you want to reduce the premium. However, at the time of loss, the amount payable is substantially lower than actual loss, in case of the average clause. The loss due to fire is not the only loss an insured person faces after fire break. Your factory may lose important machineryand the production line could go down for several weeks or months after the fire. The loss of production is a loss of business or profit. Such indemnity can be claimed under consequential loss policy. The business in which continuous production is the essence must take consequential loss policy to make good of such losses. It can happen that business owners want to cover their properties against all possible mishaps like fire, burglary, theft, explosion, earthquake, lightning, labour unrest, and similar other reasons. In such a case, the business owner should go for comprehensive policy or all risk policy, which can take care of all possible causes of loss. The loss of property due to fire raises the need to get a new property to restart business operations. The policy comes with two variants. In the first option, it makes good of lost property on depreciated value bases. Alternatively, it makes good to compensate for the actual cost of the replaced property. While taking the fire insurance, you must understand the replacement policy clause to get appropriate claim at the time of the unfortunate event. It covers all the losses arising out of the accidental fire, subject to terms and conditions of the fire policy which is limited by the policy value and not by the extent of damage sustained by the property owner. In general, the following losses are covered: If you happen to encounter an eventuality because of fire, you need to make claims under fire insurance. To avoid rejection and fasten the claim process, you should be clear of the procedure and the documents needed. Not all situations and cases are covered by fire insurance. Some situations are excluded. This list does not include all the exclusions as they vary for different providers The concept of a fire insurance is based on three essential conditions which should be met before you can file a claim Travel insurance is coverage designed to protect against risks and financial losses that could happen while traveling. The risks range from minor inconveniences such as missed airline connections and delayed luggage all the way to more serious issues including injuries or major illness. Depending on the coverage you choose, travel insurance can cover a broad array of possible damages and losses: Travel insurance can help protect you from medical expenses abroad that your normal health insurance doesn’t cover. Most health insurance plans don’t provide full coverage in foreign countries and some health plans provide no coverage at all, including Medicare. Travel insurance works in addition to your everyday health insurance and can help supplement medical costs if you get sick or injured before or during your vacation. Travel insurance can help cover expenses stemming from lost or stolen luggage. This is especially useful if an airline loses your bags, as it can be very difficult to get them to pay for lost luggage. In the United States, the Department of Transportation (DOT) requires airlines to compensate fliers up to $3,300 for lost baggage. In foreign countries that amount is a maximum of $1,750. But to receive those maximum amounts, passengers must provide receipts proving the value of the lost bags and their contents. And some airlines require that the claim be filed within 21 days. To make matter worse, DOT doesn’t define when baggage is officially lost (as opposed to just “delayed”). Overseas, a bag is only considered “lost” after 21 days. For delayed bags, DOT only requires airlines to provide victims with enough money to buy necessities like clothing, medicine and toiletries. Travel insurance can help cover costs stemming from trip cancellations. Most resorts or cruise lines won’t give you a full refund in the event of a cancellation. If you cancel two weeks or more before your trip, most resorts will at least charge a cancellation fee; many cruise lines might only give you a 25% refund or will give you partial credit on another cruise. If you cancel within two weeks of a trip, with most companies you won’t give any refund whatsoever. Unforeseen circ*mstances happen, and you want to be covered just in case. Some credit cards provide limited coverage, with annual limits and restrictions for cancellations and interruptions (if they offer cancellation/interruption coverage at all). However, few credit cards offer coverage for the most expensive travel risks: medical expenses or emergency evacuations, which travel insurance can cover. It’s important to know that while there are manyreasons to buy travel insurance, certain things may not be covered under travel insurance. If you have a preexisting condition, look for a plan that provides a preexisting condition waiver. If you’re visiting an area with political unrest, check into what coverage a policy provides if you wish to cancel due to problems in the area. Travel insurance policies cover some incidences of tour operator defaults due to financial issues. Look into how that’s handled before booking your trip. Travel insurance cost is primarily based on the price of the trip and the age of the traveler. A 35-year-old might expect a policy to add 3% to 5% to the cost of a trip while a 60-year-old might pay around 10%. It can be a small price to pay to safeguard your investment for the trip of a lifetime. Before looking into travel insurance, think about the reasons you might cancel. Is a trip delay due to weather going to dramatically change your vacation? Is it possible your school year will be extended, or you will need to take a work-related trip instead? Are there acts of war in the country you’re going to visit? Are you nervous about the CDC issuing a travel warning for your vacation destination? These are all valid reasons for cancelling a trip or wanting insurance coverage. But not all travel insurance covers these concerns. When you buy this coverage, if you want to cancel because you have a hangnail, go ahead. The insurance company usually doesn’t need a reason. They just need you to cancel within the specified time frame, typically at least 48 to 72 hours before you depart. You’ll trade convenience for a lower reimbursem*nt level. With cancel for any reason insurance, you’ll get a percentage of your pre-paid, nonrefundable trip costs back, around 70%, without having to give a reason. You can sometimes purchase this as a standalone policy or as a rider on a comprehensive policy. This is the typical policy that people imagine when they think of trip insurance. The comprehensive policy usually covers delays, cancellation due to sickness or death, lost luggage and some emergency medical costs. Just read the fine print so you know exactly what it covers. If you decide shortly after you purchase the policy that it doesn’t meet your needs, you can get a full refund (perhaps minus a small administrative fee) within a specified time period. This gives you time to fully read the coverage and make sure it provides what you want. Usually that time frame for 10 to 15 days. When possible, it’s best to understand exactly what the policy covers and how claims work ahead of time, in case you need to file a claim. BUDGET 2023-24 has cheered up Indian Industry Leaders and have hailed it as “prudent”, “positive” and “progressive”. The Budget has a clear vision with 7 Priorities or Saptrishi as India enters in the “Amrit Kaal”. The modifications under the new tax regime has provided relief to common man which will certainly boost consumption. The overall perspective of the BUDGET 2023-24 is positive and includes great optimism at every stages for economic growth. This is the year where Finance Minister Mrs. Nirmala Sitharaman has used many of the Sanskrit terms like “Shree Anna”, “Panchamrit” and many more which makes this budget unique on its own. PART A The word Amrit Kaal was coined by Prime Minister Mr. Narendra Modi in the year 2021 during the festivities of 75th Independence Day. While announcing a new blue print for India’s next 25 years, PM Modi used this phrase. Amrit Kaal has a goal of improving quality of life for Indian habitants and close development gap between rural and urban areas. The term “Amrit Kaal” comes from Vedic astrology. It refers to a crucial period when humans enjoy greater pleasure. It means the most fortunate time to begin any work. BUDGET 2023-24 was presented by Smt. Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs. While presenting the budget she emphasized that Indian economy is on the right track and despite challenges it is heading towards a bright future. Finance Minister said that this Budget hopes to build on the foundation laid in the previous budget and the blueprint drawn for India@100. This Budget envisions a prosperous and inclusive India, in which the fruits of development will be enjoyed by all the citizens, especially youth, women, farmers, OBCs, Scheduled Caste and Scheduled Tribes. While presenting the Budget, Mrs. Nirmala Sitharaman also said that during the nine years of the government, Indian economy has increased in size from being 10th to 5th largest in the world. India has significantly improved its position as a well governed and innovative country with a conducive environment for business. India has now a rising profile due to several accomplishments like World Class Digital Public Infrastructure namely Aadhaar, Co-win and UPI; Covid-19 vaccination drive, proactive roles in frontier areas such as achieving the climate related goal, mission LiFE, and National Hydrogen Mission. She Also Pointed Out Certain Points Mentioned Below Before Beginning The Budget The Amrit Kaal Budget has three vision for Empowered and Inclusive Economy The Amrit Kaal Budget includes technology driven and knowledge based economy with strong public finances and a robust financial sector and to achieve this, Jan Bhagidhari through Sabka Sath Sabka Prayas is essential. This can be achieved through the three visions mentioned above that is Opportunities for citizens with focus on youth, Growth in Job creation, Strong and Stable Macro Economic Environment The Finance Minister also discussed about the four opportunities that be utilized during Amrit Kaal which are as follows BUDGET 2023-24 has 7 major priorities known as Saptrishi which are listed below So the Saptrishi can be described in following way “IF YOU GRIP” I – INCLUSIVE DEVELOPMENT F- FINANCIAL SECTOR YOU- YOUTH POWER G -GREEN GROWTH R -REACHING THE LAST MILE I -INFRASTRUCTURE AND INVESTMENT P – UNLEASHING THE POTENTIAL Inclusive Development projects include benefits such as Farmers, Women, Youth, Scheduled Castes, Scheduled Tribes, and Other Backward Classes such as OBC, Divyangjan (PWD) and economically weaker Sections (EWS) are specifically covered in Inclusive Development. Overall priority for the underprivileged and sustained focus on Union Territory of Jammu and Kashmir and Ladakh and the North East Region is also included. It has two prolonged strategy which was first unveiled in 2019 like Incentivizing the private sector thus creating jobs and pushing growth and “Minimum Government, Maximum Governance” increasing capex and raising more revenues via disinvestment , There are three categories which is included in Inclusive Development –Sabka Saath Sabka Vikas Credit Guarantee Scheme: In 2022, the credit guarantee scheme for MSMEs was revamped and will take effect from 1st April 2023 through infusion of Rs 9000 crore in the corpus. This will enable additional collateral free guaranteed credit of Rs 2 lakh crore. The cost of credit will be reduced by about 1%. Financial Information Registry: A National Financial Information Registry will be set up to serve as the central repository of financial and Ancillary Information. This will facilitate efficient flow of credit to promote financial inclusion and foster financial stability. A new legislative framework designed in consultation with the RBI will govern this credit public infrastructure. Small Saving Scheme: In the honor of Azadi ka Amrit Mahotsav, a new one time small saving scheme, Mahila Samman Saving Certificate will be made available for a period of two years up to March 2025. This will offer deposit facility up to Rs 2 Lakh in the name of women or girls with partial withdrawal option. The maximum deposit limit for Senior Citizen Saving Scheme will be enhanced from Rs 15 lakh to Rs 30 Lakh. The maximum deposit limit for the Monthly Income Account Scheme will be enhanced from Rs 4.5 lakh to Rs 9Lakh (for single account) and from Rs 9 lakh to Rs 15 lakh (for joint account) On the Job training, industry partnership, new age courses like AI, robotics, mechatronics, 3D printing, drones etc. Expanding digital ecosystem to enable demand based formal skilling, linking with employers and facilitating access to entrepreneurship schemes. To provide stipend support to 47 lakh youth in three years. 50 destinations to be selected and developed as complete package for domestic and foreign tourists. For promotion and sale of ODOPs (One District, One Product), GI and handicraft products. An outlay of Rs 19700 crores has been allocated to the National Green Hydrogen Mission to facilitate transition of the economy to low carbon intensity and reduce dependence on fossil fuel imports and make the country assume technology and market leadership in this sunrise sector. The target is to reach an annual production of 5 MMT by 2030. 500 new waste to wealth plants under GOBARdhan Scheme will be established to promote Circular Economy which includes 200 compressed biogas CBG plants and 300 community cluster based plants. Total investment here would be Rs 10,000 crore. In due course a 5% CBG mandate will be introduced for all organizations marketing natural and biogas. Over the next 3 years, the Centre will facilitate1 crore farmers to adopt natural farmingby setting up10,000 Bio-Input Resource Centres, creating a national-level distributedmicro-fertilizer and pesticide manufacturing network. Rs. 35,000 crore for priority capital investments towards energy transitionandnet zero objectives, and energy security (Ministry of Petroleum & Natural Gas). Battery Energy Storage Systemswith capacity of 4,000 MWH to be supported withViability Gap Funding. Rs 20,700 crore(central support – Rs 8,300 crore) forinter-state transmission systemfor evacuation andgrid integrationof 13 GW renewable energy from Ladakh. Building on the success of theAspirational Districts Programme, theAspirational Blocks Programmewas recently launched covering 500 blocks. It is aimed at improving the performance of areas across multiple domains such ashealth, nutrition, education, agriculture, water resources, financial inclusion, skill development, and basic infrastructure. To improve socio-economic conditions of theParticularly Vulnerable Tribal Groups (PVTGs), Pradhan Mantri PVTG Development Missionwill be launched. An amount ofRs 15,000 crorewill be made available to implement the Mission in the next 3 years under theDevelopment Action Plan for the Scheduled Tribes. The Centre will alsorecruit 38,800 teachers and support stafffor the 740Eklavya Model Residential Schools, serving 3.5 lakh tribal students. In thedrought prone central region of Karnataka, central assistance ofRs 5,300 crorewill be given to theUpper Bhadra Projectto provide sustainable micro irrigation and filling up of surface tanks for drinking water. Theoutlay forPM Awas Yojanais being enhanced by 66%to over Rs 79,000 crore. A‘Bharat Shared Repository of Inscriptions (Bharat SHRI)’ will be set upin a digital epigraphy museum, withdigitization of 1 lakh ancient inscriptionsin the first stage. Capital investment outlay increased for the third consecutive year – by33% to Rs 10 lakh croremaking it3.3% of GDP. The‘EffectiveCapital Expenditure’is budgeted at Rs 13.7 lakh crore –4.5% of GDP. The Government has decided tocontinue the50-year interest free loan to state governmentsfor one more yearto spur investment in infrastructure and to incentivize them for complementary policy actions. The enhancedoutlay for this is Rs 1.3 lakh crore. A capital outlay ofRs 2.40 lakh crorehas been provided for theRailways– the highest ever outlay and about 9 times the outlay made in 2013- 14. 50 additional airports, heliports, water aerodromesandadvanced landing groundswill be revived for improving regional air connectivity. 100 critical transport infrastructure projects,for last and first mile connectivity for ports, coal, steel, fertiliser, and food grains sectors have been identified andwill be taken up on priority with investment of Rs 75,000 crore, includingRs 15,000 crore from private sources. AnUrban Infrastructure Development Fund (UIDF)will be established through use ofpriority sector lendingshortfall. UIDF will be managed by theNational Housing Bank, and will be used by public agencies tocreate urban infrastructure in Tier 2 and Tier 3 cities. Rs 10,000 crore on a yearly basiswill be allocated for this purpose. To enhance ease of doing business, more than39,000 compliances have been reducedandmore than 3,400 legal provisions have been decriminalizedunder theamendments to the Companies Act 2013. To further the trust-based governance, the Government introduced theJan Vishwas Billto amend 42 Central Acts. To realize the vision of“Make AI in India and Make AI work for India”,threeCentres of excellence forArtificial Intelligencewill be set-up in top educational institutions. Tofacilitate innovation and research by start-upsand academia, aNational Data Governance Policywill be brought out, which will enableaccess to anonymized data. AnEntityDigi Lockerwill be set up for use by MSMEs, large business and charitable trusts forstoring and sharing documents online securely,whenever needed, with various authorities, regulators, banks and other business entities. Vivad se Vishwas: Less stringent contract executionfor MSME. Easier and standardized settlement schemeenablingfaster settlement of contractual disputesof Govt and Govt undertakings. e-Courts: Phase III ofe-courtswill be launched for effective administration of justice. 100 labs for developing applications using5Gserviceswill be set up in engineering institutions to realize a new range of opportunities, business models, and employment potential. The labs will cover, among others, applications such assmart classrooms, precision farming, intelligent transport systems, andhealthcare apps. The Finance Minister stated that all states must utilize their fifty year loan for capital expenses by the end of 2023-24. Most of this will happen at the discretion of states but a part will be conditional on states designated for the purpose such as States are allowed to have a deficit of3.5% of theirGross State Domestic Product (GSDP), with0.5%of this amount specifically designated for power sector reforms. Sr. No Estimates Amount 1 Totalestimated receipts(excluding borrowings) Rs 27.2 lakh crore 2 Total estimated expenditure Rs 45 lakh crore 3 Net tax receipts Rs 23.3 lakh crore. 4 Fiscal deficit: 5.9%of GDP. To finance the fiscal deficit in 2023-24 the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore. Thegross market borrowingsare estimated atRs 15.4 lakh crore. Also, the government is committed to sticking to this plan toreduce the fiscal deficit tobelow4.5% by 2025-26. PART B The finance Minister Mrs. Nirmala Sitharaman provided major relief to the tax payers. The indirect tax proposals contained in the budget aims to promote exports enhance domestic value addition, encourage green energy and mobility. There are five major announcements relating to personal income tax. The revised rebate limit as per the new tax regime is increased to Rs 7 lakh. The tax structure of the new personal tax regime has been changed by reducing number of slabs to five and increasing the tax exemption limit to Rs 3 lakh. This will provide major relief to all tax payers in the new regime. The benefit of standard deduction has been extended to the salaried class and the pensioners including family pensioner under the new tax regime. Salaried individual will get standard deduction of ₹ 50,000 and pensioner ₹ 15,000 as per the proposal. Each salaried person with an income of ₹ 15.5 lakh or more will thus gain ₹ 52,500, from the above proposals. The highest surcharge rate in personal income tax has been reduced from 37% to 25% in the new tax regime for income above ₹2 crore. This would result in maximum tax rate of personal income tax come down to 39% which was earlier 42.74%. The limit of tax exemption on leave encashment on retirement of non-government salaried employees has been increased from ₹3 lakh to ₹25 lakh. The new income tax regime has been made the default tax regime. However, the citizens will continue to have the option to avail the benefit of the old tax regime. Current Income Slab Proposed Income Slab Tax Rate Up to Rs 2.5 lakh Up to Rs 3 lakh Nil Rs 2.5 lakh to Rs 5 lakh Rs 3 lakh to Rs 6 lakh 5% Rs 5 lakh to Rs 7.5 lakh Rs 6 lakh to Rs 9 lakh 10% Rs 7.5 lakh to Rs 10 lakh Rs 9 lakh to Rs 12 lakh 15% Rs 10 lakh to Rs 12 lakh Rs 12 lakh to Rs 15 lakh 20% Rs 12 lakh to Rs 15 lakh – 25% Above Rs 15 lakh Above Rs 15 lakh 30% To reduce the compliance burden, promote entrepreneurial spirit and provide tax relief to citizens. The Indirect tax proposals mentioned in the Union Budget by Mrs. Nirmala Sitharaman emphasized on simplification of tax structure with fever tax rates so as help reducing the burden and improving tax administration. The number of basic customs duty rates on goods, other than textiles and agriculture, has been reduced from 21 to 13. There are minor changes in the basic customs duties, cesses and surcharges on items including toys, bicycles, automobiles and naphtha. The Indirect Tax Proposals include 1. Green Mobility : To exempt excise duty on GST Paid compressed bio gas. 2. Electronics : To provide relief in customs duty on import of certain parts of mobile phones. To reduce basic customs duty on parts of open cells of TV panels to 2.5%. 3. Electricals : To increase basic customs duty on electric kitchen chimney from 7.5% to 15%. To reduce basic customs duty on chimney heat coils from 20% to 15%. 4. Chemicals and Petrochemicals : To exempt basic customs duty on chemicals and petrochemicals. To reduce basic customs duty on acid grade fluorspar and crude glycerin to 2.5%. 5. Marine Products : To reduce duty on key inputs for domestic manufacture of shrimp feed. 6. Lab Grown Diamonds : To reduce basic customs duty on seeds used in their manufacturing. 7. Precious Metals : To increase customs duties on articles made from gold and platinum. To increase import duty on silver dore, bars and articles 8. Compounded Rubber : To increase basic customs duty rate on compounded rubber from 10% to 25%. 9. Cigarettes : National Calamity Contingent Duty on specified Cigarettes to be revised upwards by about 16% STANDARD DEDUCTION: MSMEs: COOPERATIVES: STARTUPS: ONLINE GAMING: GOLD: RATIONALISATION EXCEPTION FROM INCOME TAX: EXCEPTION FROM DUTIES: LEGISLATIVE CHANGES IN CUSTOMS LAWS: TheCustoms Act, 1962 is going to be revised to set anine-month deadline for the Settlement Commissionto make a final decision after an application has been filed. TheCustoms Tariff Actwill be revised to make the purpose and scope of Anti-Dumping Duty (ADD), Countervailing Duty (CVD), and Safeguard Measures clearer. Changes will also be made to theCentral Goods and Service Tax Act: RUPEE COMES FROM RUPEE GOES TO The Union Budget 2023-24 aims to strengthen India’s economic status. The mood behind this budget presented has been optimistic. The Indian economy is being viewed as a bright star amid crisis and economic slowdown outperforming with it peers. With this Budget India hopes to become a envisioned and prosperous country. India has now set new rules for mining through its “Mines and Minerals Amendment Bill, 2023”. Through this Bill India wants to secure its mineral supply chain and wants to use clean energy technologies. This bills provision enables collaboration between public and private sector stakeholders towards sustainable resource development. Let us understand in details what is Mines and Minerals Amendment Bill, 2023. Provisions MMDR Act 1957 MMDR Amendment Bill Private Sector to Mine Atomic Minerals Exploration of the atomic minerals such as lithium, beryllium, niobium, titanium, tantalum and zirconium was allowed only for state agencies. The Bill allows the private sector to minesix out of 12 atomic mineralssuch as lithium, beryllium, niobium, titanium, tantalum and zirconium. When it becomes an Act, Centre will have powersto auction mininglease and composite licence for critical minerals such as gold, silver, copper, zinc, lead, nickel etc. Auction for Exploration Licence The exploration licence willbe granted by the state governmentthrough competitive bidding. The central government willprescribe details such as manner of auction,terms and conditions, and bidding parameters for exploration licence through rules. Maximum Area in which Activities are Permitted Under the Act, a prospecting licence allows activities in an area up to 25 square kilometers, and a single reconnaissance permit allows activities in an area up to 5,000 square kilometers. The Bill allows activities under a single exploration licence in an area up to 1,000 square kilometers. After the first three years, the licence will be allowed to retain up to25% of the originally authorized area. Incentive for exploration Licence If the resources are proven after exploration,the state government must conduct an auction for mining lease within six monthsof the submission of the report by the exploration licence. The licencee will receive a share in the auction value of the mining lease for the mineral prospected by them. Private sector participation is crucial for the exploration of critical and deep-seated minerals for several reasons: Different formalities and clearances that are required to continue operations conveniently in mining sector. These also include legal obligations that make mining activities unviable and unprofitable. Various mines have to close down due to failure in meeting environmental compliances. Mining is not permitted in certain areas due to the possibility of adverse effects on the population and environment. The mining sector suffers from the lack of modernized techniques for exploration and extraction. Most of the mines use old and inefficient machinery without making any progress toward the upgrade in technology. The mining sector suffers from the problem of low asset and resource underutilization, especially under the control of public sector units. Moreover, the state governments are generally involved in the auction of mines and there may be ambiguities in political approaches between the center and state. The mining sector has to bear the pressure of taxation that makes the operation less profitable. Also, there is a lack of further investment and involvement of private enterprises in mineral exploration. Several mining zones are located in areas that are the natural habitat of tribes and rural communities. The displacement of these people is a matter of concern. Due to complexities related to the rehabilitation or compensation of these people, it becomes difficult to start the mining activities. Also, there are security threats in some mining belts from local people and agitators. The Mines and Minerals (Development and Regulation) Amendment Bill, 2023, introduces some important provisions aimed at private sector engagement, which differs with the existing MMDR Act of 1957. Some of the key provisions in comparison include: Industry experts have raised certain apprehensions regarding the Mines and Minerals Bill, 2023. These include: The much awaited Interim Budget 2024-2025 was presented by Finance Minister Mrs. Nirmala Sitharaman on 1st February 2024. This was the sixth Budget presented by Mrs. Sitharaman which included announcements ranging from railways, tourism, healthcare, technology, aviation, green energy, aquaculture, housing and more. The tax slab was untouched meanwhile the startups and investments made by sovereign wealth or pension funds were given an extended tax exemption till 31st March 2025. Let us understand What Interim Budget 2024-2025 is all about. (1) enhance aquaculture productivity from existing 3 to 5 tons per hectare, (2) double exports to ` 1 lakh crore and (3) generate 55 lakh employment opportunities in near future. Five integrated aqua parks will be setup. Three major economic railway corridor programmes will be implemented. These are: (1) energy, mineral and cement corridors, (2) port connectivity corridors, and (3) high traffic density corridors. The projects have been identified under the PM Gati Shakti for enabling multi-modal connectivity. They will improve logistics efficiency and reduce cost. Towards meeting our commitment for ‘net-zero’ by 2070, the following measures will be taken. Vineeta Singh – A woman for whom even sky is not the limit has shown the world what importance does beauty products have and how it boosts confidence among women who aspire for good looks and personality. Sugar Cosmetics which is one of the top cosmetic brands in India is founded by Vineeta Singh. Today Sugar Cosmetics is the choice for strong, independent women. The design is strong and quality is very high. Sugar cosmetics is committed in creating products that are perfect fit for every Indian skin tone throughout all seasons and throughout calendar. Let us understand Vineeta Singh and her success Journey in detail. Vineeta Singh Success story is full about her persistence and resilience. She was only 23 when she declined Rs 1 crore job offer from an investment bank just to start her entrepreneurial journey. Now she owns a brand $ 85.5 million in funding and Rs 500 crore annualized revenue. She is one of the most loved Judges in Shark Tank India show because of her leadership skills and consistent efforts to achieve success. While chasing terrifying goals, Vineeta Singh is motivated to create a successful empire doing what she is passionate about-building the best company for women to work at. Vineeta Singh was born in Delhi, India in 1991. She finished her schooling at the Delhi Public School, R.K. Puram in Delhi. Vineeta received her undergraduate degree in the course of Electrical Engineering from the Indian Institute of Technology Madras in 2005. Later she got herself into IIM Ahmedabad to pursue her MBA in 2007. Vineeta Singh is a terrific example for aspiring female entrepreneurs. She has not only earned success for herself but she serves as an inspiration to many aspiring founders. She appears in Shark Tank India as Shark and has invested in the following few start-ups. Sr. No Company 1 Skippi Ice Popsicles 2 CosIQ 3 BluePine Foods 4 Booz 5 NOCD 6 Heart Up My Sleeves 7 Sunfox Technologies 8 The Quirky Naari 9 Humpy A2 Milk & Organic Farms 10 Wakao 11 Kabaddi Adda 12 Jain Shikanji Masala 13 Nomad Food Project 14 Get-A-Whey Sugar Cosmetics Operates as Direct to Consumer(D2C) Business Model. It uses Omni channel approach for running its business. By using this strategy Sugar cosmetics takes advantage of other e-commerce market places such as Amazon and Nykaa to increase its accessibility and reach. The brand emphasizes its global presence through a variety of revenue streams, including both domestic sales in India and international export sales. Sugar Cosmetics’ business model using these nine building blocks. Some of the key value propositions that set Sugar Cosmetics apart from competitors include: Channels Sugar Cosmetics utilizes a multi-channel approach to reach its customers. The brand’s products are available through various channels, including: Customer Relationships Revenue Streams Key Resources Key Activities Some of the key activities carried out by Sugar Cosmetics include: Key Partnerships Sugar Cosmetics has established key partnerships to help them grow and expand their business. Some of their key partners include: Cost Structure DATE ROUND AMOUNT LEAD INVESTORS Sep 3, 2022 Angel Round – Ranveer Singh May 30, 2022 Series D $50 million L Catterton Oct 21, 2020 Debt Financing $2 million Stride Ventures Oct 21, 2020 Series C $21 million A91 Partners, Elevation Capital, India Quotient, Stride Ventures Mar 8, 2019 Series B $12 million A91 Partners, Anicut Capital, India Quotient Jun 1, 2017 Series A $2.5 million India Quotient, RB Investments Pte. Ltd. The brand is set to venture into new categories, with an imminent entry into the hair care segment following its acquisition ofENN Beauty. Additionally, Singh shares the company’s vision of filing for anIPOby2024 or 2025 The “FAB BAG” Premium Products Unique Packaging E-commerce Expansion: Shopify and Mobile App Strategic Collaborations: Amazon Prime Exclusive Kit Media Synergy: OMP India Partnership Celebrity Alliance: Kareena Kapoor Khan Investment The top ten rivals in SUGAR Cosmetics’competitive groupcan be listed as: Sr. No Name 1 Marico 2 Lakme 3 Maybelline 4 Lotus Herbals 5 Blue Heaven Cosmetics 6 Nykaa 7 Plum 8 NewU 9 Emami 10 Purplle Global Expansion and Offline Presence Resilient Expansion Amidst Challenges 2001-05 2 Gold and 2 Silver medals for IIT Madras during the 4 Inter IIT Sports Meets attended 2019 Start-up of the year award by Entrepreneur Awards 2021 W-Power Award by Forbes India 2021 BW Disrupt 40 Under 40 Award by Business world 2021 Fortune’s 40 Under 40 2022 World Economic Forum’s Young Global Leadership list Vineeta Singh, the CEO of Sugar Cosmetics, brings her entrepreneurial flair and a net worth of Rs 300 crore to Shark Tank. The brand Sugar Cosmetics is nearing unicorn status with an estimated valuation of more than half a billion and with a retail footprint of over 45,000 retail outlets. In 2015, armed with experience and a definitive vision, Vineeta, alongside husband Kaushik Mukherjee, launched SUGAR Cosmetics. SUGAR Cosmetics is acruelty-free makeup brandthat is high on style and higher on performance. The brand is inspired by and targeted towards bold, independent women who refuse to be stereotyped into roles. Yes, Sugar Cosmetics isone of the top cosmetic brands in India Vineeta Singhfounded her third start up Sugar Cosmetics with her husband Kaushik Mukherjee Vineeta Singh is a co-founder of 2 companies; Sugar Cosmetics & Fab Bags. Vineeta Singhis an Indian entrepreneur and CEO and co-founder of Sugar Cosmetics. Nepal and India have signed Power Projects Deals named West Seti Hydropower Project and Seti River Hydropower Project after China withdrew from the projects. Nepal and China Relations Why China Withdrew from the Power Projects RBI –Reserve Bank of India is planning for next round of interest rate hike in the month of August. But there are no consensus on the size of the move given the absence of any clear guidance from the Apex Bank. How a small increase in repo rate effects? What is Repo Rate ? Higher Inflation and Interest Rates Puts Common man in trouble Rate Hike in June 2022 Rate Hike expected in August 2022 Conclusion Peyush Bansal- The Visionary man who founded Lenskart to transform the way people see and experience the World. Since the beginning of the Company, Lenskart has defied expectations on how people engage with eyewear. Yes Lenskart is all about eyewear and eye care. Peyush Bansal and His company visions for a world where eyewear helps you Do More, Be More. He focused for disrupt in eye wear industry and today Lenskart is one of Biggest Eyewear Brand in India. Let us understand his journey in detail. Lenskart operates through a uniquebusiness modelthat has helped it become one of the largest eyewear retailers in India. Here’s a closer look at Lenskart’s business model: Strategic Partnerships Revenue Generation Cost Structure Lenskart’s customer segments can be broadly classified into the following categories: The largest shareholders of Lenskart include ADIA, Soft-Bank Vision, Kedaara Capital, TR Capita, Alpha Wave Global, Premji Invest, etc. Let’s look at the recent shareholding structure of Lenskart- Shareholder’s Name Percentage of Shares Owned SoftBank 20.1% Premji Invest 11.1% Kedaara Capital 9.5% TR Capital 8.3% Peyush Bansal 8.2% Neha Bansal 8.2% UNILAZER 6.6% International Finance Corporation 5.4% Stead view Capital 5.3% ADIA (Abu Dhabi Investment Authority) 10% Others 16.2% The majority of the stakes are owned by Softbank i.e. 20.1% followed by Premji Invest (11.1%) and ADIA (10%). Lenskart signed a definitive agreement withADIAfor a 10% stake in the company. ADIA invested a massive amount in Lenskart through SWF i.e. Gulf Sovereign Wealth Fund. Let’s look at the latest funding rounds of Lenskart- Venture Capitalist Funding Amount ADIA (Abu Dhabi Investment Authority) Rs.4,100 crore DSP Mutual Fund Rs.320 crore Ravi Modi Family Trust Rs.100 crore Avendus Capital, Temasek Holdings Rs.220 crore Alpha Wave Incubation, Epiq Capital Rs.760 crore Alpha Wave Global, Temasek Holdings Rs.1,650 crore SoftBank Vision Fund Rs.2,255 crore Kohlberg Kravis Roberts Rs.779 crore Kedaara Capital Rs.451 crore Peyush Bansal owns8.21%equity in the company, which is valued at a whopping 32,000 crore. The Lenskart CEO enjoys a net worth of 600+ croreapart from the moveable investments he makes in the market. The self-made billionaire has been on the list of India’s most successful businessmen under 40 Peyush Bansal studied at McGill University in Montreal, Canada. Peyush Bansal did his schooling from DON BOSCO New Delhi. After completing his schooling, he prepared for IIT but didn’t get through it. Peyush then decided to study engineering at a foreign university and after so much hard work and effort, he finally got admission to McGill University, Canada. SoftBank Vision Fundis the largest institutional investor in Lenskart. Kris Gopalakrishnan and 9 others are Angel Investors in Lenskart Peyush Bansal, a former Microsoft employee, founded Lenskart.com in 2010 along with Amit Chaudhary and Sumeet Kapahi. Reports indicate that the current annual salary of Peyush Bansal, CEO of Lenskart, is aroundRs 28 crore. Even before Ukraine Russia war crisis rising Oil prices have always been a cause a concern for Indian Economy. India is most vulnerable to Price rise of Gas, coal, edible oil, fertilizers and metals. With Price Rise Inflation can create worrisome situations. Oil’s relentless surge above $125 a barrel threatens to stoke inflation across Asia, forcing central banks to decide whether to respond to higher prices with tighter policy, or hold off amid the blow to economic growth. Why Oil Prices are Rising ? OPEC Production cut leads to Higher Prices U.S. Oil Production Slow Why India is most Vulnerable to Oil Price Rise ? What Can India Do To Combat Oil Price Rise? Penny stocks are the ones which trade at a very low price. Usually, these stocks lack liquidity and carry high risk. The public information available on these stocks/companies is very limited, which makes it difficult for an investor to understand the future prospects of the business. However, penny stocks with good fundamentals and strong business models have the potential to become multi baggers in the long run. Here are some of these stocks. SPTL was established by transferring the plastic business (66% of FY17 revenue) and the Prefab & Infra business of Sintex Industries (34% of FY17 revenue). Sintex Plastics, a leading player in custom molding business (mainly composites), stands to benefit from growing trend of composites replacing metal parts across industries. Thus, we expect revenue CAGR of 12.8% over FY18E-20E. We see EBITDA CAGR of 15.6% over FY18E20E due to operating leverage and better product mix over FY18E-20E. Owing to the decline in interest outgo, we expect SPTL to post 17.5% PAT CAGR over FY18E-20E. SPTL is done with its capex cycle and has lowered its focus on w/c intensive Prefab & Infra business, thus enhancing cash generation. This will lead to net debt declining by ~Rs1,500cr over FY17-20E. Source: 5paisa research NHPC NHPC is a hydropower generation company with power generation capacity of 5,171MW in FY17. The company generated 23,275mn units of electricity against a target of 23,000 for FY17. The company is planning a significant expansion of power generation capacity over the coming years. A total of 8,481MW is currently under the clearance/approval stage. This includes plans to setup a thermal plant (1,320MW capacity) through a joint venture. We expect the company to report revenue CAGR of 18.1% over FY18E-20E aided by 7.2% CAGR in generation volumes and Plant Load Factor (PLF) remaining at 62-63% over the same period. We see EBITDA CAGR of 28.2% over FY18E20E aided by better utilization of newly added capacity. We expect PAT CAGR of 20.8% over FY18E-20E. Source: 5paisa research MEP Infra MEP Infrastructure is independently and collectively engaged in toll projects, OMT (Operate, Manage & Transfer), Hybrid Annuity Model (HAM) and BOT. Due to MEP’s JV with San Jose India, it is strategically planning to extend its road development portfolio based on HAM. It has bagged 5 new projects under HAM model worth Rs3,230cr. MEP has achieved the first milestone for the Nagpur, Package-II and Mahuva to Kagavadar project. The Authority paid the first milestone payment (20% of physical progress) for Nagpur, Package-II and Mahuva to Kagavadar. The appointment date for other two HAM projects is expected shortly. The company has started collecting toll from 124 entry points to Delhi. EPC order book of Rs3,000cr also provides strong revenue visibility. Thus, we expect 27% CAGR in revenue over FY18E-20E. We see PAT CAGR of 39% over FY18E-FY20E. Source: 5paisa research IDFC Ltd IDFC Limited, through its subsidiaries, operates as a non-banking financial company in India. We expect NII to grow at CAGR of ~23% over FY18E-20E led by ~20% growth in credit. Among segments, faster growth is expected to come from retail. Expansion of banking business and non-interest income growth from AMC and securities business will lead to strong loan book growth. Its NIM is expected to expand by ~20bps yoy to 2.30% in FY18E. We foresee non-interest income to grow by ~16% yoy in FY18E supported by the Infra Development Fund worth ~Rs440cr. Alternative Investment Fund is expected to benefit from PE deals and infra debt management. Due to higher granularity, we expect NPA to improve in FY18E. It has increased its focus on branch efficiency, which should improve cost/income ratio. Source: 5paisa research SJVN SJVN is a power generation company which operates hydro, wind and solar plants. The total power generation capacity at the end of FY17 stood at 1,964.6MW. Hydroelectric sources generate power of 1,912MW with wind and solar accounting for 47.6MW and 5MW respectively. SJVN is also planning to set up a 1,320MW thermal power plant at Buxar, Bihar. The company has committed to develop 1,000MW of solar power generation capacity over the next 5-7 years. We expect the company to report revenue CAGR of 7% over FY18E-20E aided by near ~100% utilization levels over FY18E-20E. We foresee EBITDA CAGR of 6.9% over FY18E-20E aided by better utilization of new capacity added by the end of FY19E. We expect PAT CAGR of 6.9% over FY18E-20E. Source: 5paisa research View Chapters The industry analysis process is similar to economy analysis-first is a macroanalysis of the industry to determine how this industry relates to the business cycle and what economic variables drive this industry. This macroanalysis will make the microvaluation easier when we use the several valuation techniques introduced in fundamental analysis (Advanced module) As noted, macroanalysis of the industry will make the estimation of the major valuation inputs (a discount rate and the expected growth for earnings and cash flows) easier and more accurate. The specific macroanalysis topics are: Economic trends can and do affect industry performance. The objective is to monitor the economy and gauge how any new information on our economic outlook will impact the short-run and long-run valuation of our industry. Economic trends can take two basic forms: cyclical changes that arise from the ups and downs of the business cycle, and structural changes that occur when the economy is undergoing a major change in how it functions. For example, excess labor or capital may exist in some sectors, whereas shortages of labor and capital exist elsewhere. The "downsizing" of corporate America during the 1990s, transitions from socialist to market economies in Eastern Europe, and the transition in the United States from a manufacturing to a service economy are all examples of structural change. Industry analysts must examine structural economic changes for the implications they have for an industry under review. While industry performance is related to the stage of the business cycle, the real challenge is that every business cycle is different and those who look only at history miss the evolving trends that will determine future market and industry performance. Switching industry groups over the course of a business cycle is known as a rotation strategy. When trying to determine which industry groups will benefit from the next stage of the business cycle, investors need to monitor economic trends and changes in industry characteristics. The chart above presents a stylized graphic of which industry groups typically perform well in the different stages of the business cycle. For example, toward the end of a recession, financial stocks rise in value because investors anticipate that banks' earnings will rise as both the economy and loan demand recover. Brokerage houses become attractive investments because their sales and earnings are expected to rise as investors trade securities, businesses sell debt and equity, and there are more mergers during the economic recovery. These industry expectations assume that when the recession ends there will be an increase in loan demand, housing construction, and security offerings. Traditionally, toward the business cycle peak, inflation increases as demand starts to outstrip supply. Basic materials industries such as oil, metals, and timber, which transform raw materials into finished products, become investor favorites. Because inflation has little influence on the cost of extracting these products and the firms in these industries can increase prices, these industries experience higher profit margins During a recession, some industries do better than others. Consumer staples, such as pharmaceuticals, food, and beverages, outperform other sectors during a recession because, although overall spending may decline, people still spend money on necessities so these "defensive" industries generally maintain their values–that is, they will experience minimal declines. Similarly, if a weak domestic economy causes a weak currency, industries that export to growing economies benefit because their goods become more cost competitive. Influences other than the economy are part of the business environment. Demographics, changes in technology, and political and regulatory environments also can have a significant effect on the cash flow and risk prospects of different industries. India now has more than 50% of its population with a age of 25 years and above. There is a continuous increase in the number of working age population in India. This increase have had a large impact on India's consumption, from advertising strategies to house construction to concerns over social security and health care. The study of demographics includes much more than population growth and age distributions. Demographics also includes the geographical distribution of people, the changing ethnic mix in a society, and changes in income distribution. Therefore, industry analysts need to carefully study demographic trends and project their effect on different industries. The changing age profile of the citizens has implications for resource availability, like in India- growing working age population means a high availability of entry-level workers leading to a lower labour costs and ease in finding persons to do the job. In US, the aging population affects U.S. savings patterns, because people in the 40 to 60 age bracket usually save more than younger people. This is good for the financial services industry, which offers assistance to those who want to invest their savings. Alternatively, fewer younger workers and more "saving seniors" may have a negative impact on some industries, such as the retailing industry. This deal with how people live, work, form households, consume, enjoy leisure, and educate themselves. Consumer behavior is affected by trends and fads. The rise and fall of designer jeans, chinos, and other styles in clothes illustrate the sensitivity of some markets to changes in consumer tastes. The increase in divorce rates, dual-career families, population shifts away from cities, and computer-based education and entertainment have influenced numerous industries, including housing, restaurants, automobiles, catalog shopping, services, and home entertainment. From an international perspective, some Indian brand goods-have a high demand overseas. They are perceived to be more in style and perhaps higher quality than items produced domestically. Several industries have benefited from this positive brand reputation. Technology can affect numerous industry factors, including the product or service and how it is produced and delivered. There are numerous examples of changes due to technological innovations. For example, demand has fallen for carburetors on cars because of electronic fuel-injection technology. The engineering process has changed because of the advent of computer-aided design and manufacturing. Perpetual improvement of designs in the semiconductor and microprocessor industry has made that industry a difficult one to evaluate. Innovations in process technology allowed steel minimills to grow at the expense of large steel producers. Advances in technology allow some plant sites and buildings to generate their own electricity, bypassing their need for power from the local electric utility. Trucks have reduced railroads' market share in the long-distance carrier industry. The information superhighway is becoming a reality and encouraging linkages between telecommunications and cable television systems. Changes in technology have spurred capital spending in technological equipment as a way for firms to gain competitive advantages. The future effects of the Internet will be astronomical. The retailing industry is a wonderful example of how an industry can use new technology. Some forecasters envision relationship merchandising, in which customer databases will allow closer links between retail stores and customer needs. Rather than market research on aggregate consumer trends, specialized retailers offer products that consumers desire in preferred locations. Technology allows retailers to become more organizationally decentralized and geographically diversified. Major retailers use barcode scanning, which speeds the checkout process and allows the firm to track inventory and customer preferences. Credit cards allow firms to track customer purchases and send customized sales announcements. Electronic data interchange (EDI) allows the retailer to electronically communicate with suppliers to order new inventory and pay accounts payable. Electronic funds transfer allows retailers to move funds quickly and easily between local banks and headquarters. Because political change reflects social values, today's social trend may be tomorrow's law, regulation, or tax. The industry analyst needs to project and assess political changes relevant to the industry under study. Some regulations and laws are based on economic reasoning. Due to utilities' positions as natural monopolies, their rates must be reviewed and approved by a regulatory body. Regulatory changes have affected numerous industries. An example is the numerous regulations and inspections introduced to protect against terrorist attacks. Changing regulations and technology are bringing participants in the financial services industry-banking, insurance, investment banking, and investment services-together. Regulations and laws affect international commerce. International tax laws, tariffs, quotas, embargoes, and other trade barriers have a significant effect on some industries and global commerce. An insightful analysis when predicting industry sales and trends in profitability is to view the industry over time and divide its development into stages similar to those that humans progress through: birth, adolescence, adulthood, middle age, old age. The number of stages in this industry life cycle analysis can vary based on how much detail you want. A five-stage model would include: The following is a brief description of how these stages affect sales growth and profits: Europe is drawing away much of the global supply to its shores ahead of winter . Because of this India is facing problems for importing natural gas from international markets. Europe Importing More Natural Gas But can Europe cope without Russian Oil? Consumption Reduced by Users Why India is Facing Difficulty? How India is overcoming the challenge? Cost-push inflation happens when the cost of production increases, leading to upward pressure on prices. This article will explore the concept of cost-push inflation, its causes and effects, and how it differs from demand-pull inflation. We will also discuss examples of cost-push inflation, how inflation is measured, and investments that can help beat inflation. So, let’s dive in! Cost-push inflation is when the overall price rises due to increased production costs. Producers face higher expenses when inputs such as labor, raw materials, or energy increase. They pass these increased costs onto consumers by raising prices to maintain profit margins. As a result, the general level of prices in the economy rises, leading to inflation. The increase in production costs drives cost-push inflation. There are numerous potential causes, including: Several factors contribute to the occurrence of cost-push inflation: While increases in production costs drive cost-push inflation, demand-pull inflation happens when the overall demand for goods and services surpasses the economy’s ability to supply them. In cost-push inflation, prices rise due to increased costs, whereas in demand-pull inflation, prices rise due to excess demand. Cost-push inflation is often associated with decreased output or economic growth, as businesses may reduce production in response to higher costs. On the other hand, demand-pull inflation is typically accompanied by increased economic activity and higher employment levels. An example of cost-push inflation can be seen in the oil industry. When the price of crude oil rises notably, it directly affects the cost of production for various sectors, such as transportation and manufacturing. As a result, these sectors may increase the prices of their services and goods to cover the higher expenses incurred due to the increased cost of oil. A combination of factors can cause cost-push inflation: Cost-push inflation can have several effects on the economy and individuals: Inflation is typically measured using various economic indicators, including: To protect against the erosive effects of inflation, investors can consider the following investment options: Gold is often considered a hedge against inflation due to its historical value and limited supply. During inflation, the price of gold tends to rise, which can help investors preserve their wealth. However, it’s important to note that various factors, including market conditions and investor sentiment, can influence gold prices. Cost-push inflation occurs when increased production costs increase prices for goods and services. Factors such as rising wages, raw material costs, taxes, and exchange rate fluctuations contribute to this type of inflation. Individuals and businesses must understand the causes and effects of cost-push inflation to make informed decisions. Inflation can erode purchasing power and impact economic growth. Therefore, investors should consider investment options that can beat inflation, such as stocks, real estate, inflation-indexed bonds, and commodities like gold. Inflation can have both positive and negative effects. Moderate inflation can stimulate economic growth and encourage spending, but high inflation erodes purchasing power and destabilizes the economy. To address cost-push inflation, policymakers can focus on promoting competition, implementing measures to enhance productivity, and ensuring a stable business environment. The inflation rate in India varies over time. It is measured by the Consumer Price Index (CPI) and the Wholesale Price Index (WPI). The four main types of inflation are demand-pull inflation, cost-push inflation, built-in inflation, and hyperinflation. Each type has distinct causes and effects.Budgeting & The 50:30:20 Rule
What does 50, 30 & 20 Stand for?
Identifying Needs and Wants
How does the Rule Work?
Why Is Budgeting Important?
Benifits of 50-30-20 Rule of Budgeting
]]>Chapters
4.1 What Are The Different Types of Insurance
There are basically two types of Insurance in India
4.2 Health Insurance
Types of Health Insurance
1. Individual Health Insurance
2. Family Floater Health Insurance
3. Senior Citizens Health Insurance
4. Critical Illness Insurance
5. Group Health Insurance
Benefits of Health Insurance
1. Helps Deal with Rising Medical Costs
2. Critical Illness Cover
3. Easy Cashless Claims
4. Added Protection
5. Tax Savings
How Health Insurance Works?
How to Choose Health Insurance Plan?
1. Check the Sum Insured
2. Scout the Network Hospitals
3. Check the Fine Print
4. Look for Additional Benefits
5. Examine the Exclusions and Other Clauses
Difference Between Mediclaim Plan or a Critical Illness Insurance Plan?
· Type of Payout
· What's Covered
4.3. Vehicle Insurance
Car Insurance in India
Why Should You Buy Car Insurance in India?
Types of Car Insurance in India:
Third-party Liability Car Insurance Policy:
Comprehensive Car Insurance Policy:
What Is Covered In A Car Insurance Policy?
What Is Not Covered In A Car Insurance Policy?
How Does Rental Car Insurance Work In India?
Factors That Affect Car Insurance Premium:
How Is Car Insurance Priced or Calculated?
Third-party Liability Insurance Policy:
Comprehensive Insurance Policy:
Add-ons for Car Insurance:
4.4. Property Insurance
What is Property Insurance?
Types of Property Insurance
Types of Coverage Property Insurance Offers
Eligibility Criteria for Buying a Property Insurance Policy
Documents Required to Buy a Property Insurance
Things to Consider When Choosing a Property Insurance Policy
How to Find the Best Property Insurance Policy Online?
How to Apply for a Property Insurance Policy Online?
How to Raise a Property Insurance Claim Online?
4.5. Fire Insurance
What is a Fire Insurance?
Types of Fire Insurance Plans
Coverage under Fire Insurance Policy
Claim Process
Exclusions in Fire Insurance Policy
Important Aspects
4.6. Travel Insurance
What is Travel Insurance?
What Does Travel Insurance Cover?
1. Injury or sickness
2. Lost luggage
3. Last-minute cancellations
4. Coverage beyond your credit card
What travel insurance might not cover
How much does travel insurance cost?
What travel insurance coverage should you get?
Cancel for any reason insurance
Comprehensive travel insurance
Changing your travel insurance coverage
SO HERE IS THE BUDGET 2023-24 ANALYSIS
BUDGET 2023-24- AN OVERVIEW
PRIORITY 1- INCLUSIVE DEVELOPMENT
PRIORITY 2- FINANCIAL SECTOR
PRIORITY 3- YOUTH POWER
PRIORITY 4 – GREEN GROWTH
PRIORITY 5- REACHING THE LAST MILE
PRIORITY 6- INFRASTRUCTURE AND INVESTMENT
PRIORITY 7- UNLEASHING THE POTENTIAL
WHAT IS THE STATUS OF FISCAL MANAGEMENT?
PERSONAL INCOME TAX
Current and Proposed Tax Slabs:
DIRECT TAX PROPOSALS
INDIRECT TAX PROPOSALS
Other Tax Reforms:
CONCLUSION
The Mines and Minerals Development and Regulation Act (MMDR)
What Amendments are done through the Bill?
Why Amendments was Done in the MMDR Act, 1957??
Why Private Sector Participation is Essential and critical for Deep Seated Mineral Extraction??
Challenges Faced By India in Mining Sector.
1. Legal Issues
2. Environmental Issues:
3. Lack of New Technology:
4. Administrative Issues:
5. Cost Increase :
6. Displacement of Communities:
How India’s Mines and Minerals Bill 2023 encourages private players: Key provisions
Concerns Raised By Industries For Amendment through Mines and Minerals Bill, 2023
What is Interim Budget??
How is an Interim Budget different from the Regular Budget??
What items are included in the interim Budget?
Why Finance Minister of India presented Interim Budget 2024-2025??
20 Key Points of Budget 2024-2025
Sabka Saath , Sabka Vikas and Sabka Vishwas for Viksit Bharat 2047
Garib Kalyan, Desh ka Kalyan
Amrit Peedhi-The Yuva
Benefits expected
Maternal and Child Health Care
Ayushman Bharat
Nano DAP
Dairy Development
Lakhpati Didi
Jai Jawan Jai Kisan
Railways
Aviation Sector
Green Energy
Electric Vehicle Ecosystem
Blue Economy 2.0
Reforms in the States for Viksit Bharat
Budget Estimates for Fiscal Deficit
Direct Taxes
. In the last five years, our focus has been to improve tax-payer services.Indirect Taxes
Economy Then and Now
Vineeta Singh – Biography
Early Life and Education of Vineeta Singh
Vineeta Singh Net Worth and Investments
Vineeta Singh Family
Vineeta Singh Career
Vineeta Singh Story of Sugar Cosmetics
Sugar Cosmetics – Name, Tagline and Logo
Sugar Cosmetics – Business Model
Sugar Cosmetics – Revenue Model
Sugar Cosmetics – Challenges Faced
Sugar Cosmetics – Funding and Investors
Sugar Cosmetics – Mergers and Acquisitions
Sugar Cosmetics – Products and Launch
Sugar Cosmetics – Partnerships
Sugar Cosmetics – Advertisem*nts and Social Media Campaigns
Sugar Cosmetics – Competitors
Sugar Cosmetics – Future Plans
Vineeta Singh Shark Tank India
Vineeta Singh Personal and Professional Achievements
Personal Achievements
Lessons to Learn From Vineeta Singh
Frequently Asked Questions (FAQs)
Before we begin Lets Understand Nepal and India Relations
Nepal choses India for Power Projects
RBI and Rate Hikes
On the other hand, people who have savings and have a fixed deposit, for example,will benefit from an increase in interest rates.Peyush Bansal – Biography
Early Life and Education of Peyush Bansal
Peyush Bansal Net Worth and Investments
Peyush Bansal Family
Peyush Bansal Lenskart India: How It All Began?
Business Model of Lenskart
Customer Segments in Lenskart’s Business Model
Value Propositions in Lenskart’s Business Model
Lenskart Funding and Valuation
Fundings so far & Valuation
Competition Analysis: What Makes Lenskart Stand Out?
Peyush Bansal in Shark Tank
Peyush Bansal Personal and Professional Achievements
5 Companies Launched by Peyush Bansal before Lenskart’s Success
Lessons to Learn from Peyush Bansal
Frequently Asked Questions(FAQs)
Sintex Plastics (SPTL)
Year Net Sales (Rs Cr) OPM (%) Net Profit (Rs Cr) EPS (Rs) PE (x) FY18E 5,996 15.0% 332 5.6 11.6 FY19E 6,757 15.3% 392 6.6 9.9 FY20E 7,635 15.7% 458 7.8 8.4 Year Net Sales (Rs Cr) OPM (%) Net Profit (Rs Cr) EPS (Rs) PE (x) FY18E 9,031 57.3% 2855 2.8 9.9 FY19E 10,700 63.3% 3,593 3.5 7.9 FY20E 12,600 67.4% 4167 4.1 6.8 Year Net Sales (Rs Cr) OPM (%) Net Profit (Rs Cr) EPS (Rs) PE (x) FY18E 2,444 44.2% 67 4.1 20.9 FY19E 3,877 33.3% 116 7.2 12.0 FY20E 3,994 33.6% 124 7.6 11.3 Year Net Profit (Rs Cr) EPS (Rs) PE (x) P/BV FY18E 851 5.3 9.8 0.7 FY19E 1,193 7.5 7.0 0.6 FY20E 1,445 9.1 5.7 0.6 Year Net Sales (Rs Cr) OPM (%) Net Profit (Rs Cr) EPS (Rs) PE (x) FY18E 2,669 78.8% 1561 3.8 9.2 FY19E 2,856 78.7% 1,691 4.1 8.5 FY20E 3,055 78.6% 1784 4.3 8.1 Chapters
7.1 Process of Industry Analysis
7.2. The Business Cycle and Industry Sector
7.3. Structural Economic Changes and Alternative Industries
7.4 Life Cycle
Lets first understand why India needs to Import Natural Gas ?
What is cost-push inflation?
Understanding cost-push inflation
Graphic Representation of Cost-Push Inflation
Causes of Cost-Push Inflation
Cost-Push Inflation vs. Demand-Pull Inflation
Example of Cost-Push Inflation
What causes cost-push inflation?
What effects cost-push inflation?
How is inflation measured?
What investments beat inflation?
Can You Beat Inflation with Gold?
Conclusion
frequently Asked Questions (FAQs)
Search Results for “Rulka Electricals Limited” – Finschool By 5paisa (2024)
Table of Contents
Chapters
4.1 What Are The Different Types of Insurance
There are basically two types of Insurance in India
4.2 Health Insurance
Types of Health Insurance
1. Individual Health Insurance
2. Family Floater Health Insurance
3. Senior Citizens Health Insurance
4. Critical Illness Insurance
5. Group Health Insurance
Benefits of Health Insurance
1. Helps Deal with Rising Medical Costs
2. Critical Illness Cover
3. Easy Cashless Claims
4. Added Protection
5. Tax Savings
How Health Insurance Works?
How to Choose Health Insurance Plan?
1. Check the Sum Insured
2. Scout the Network Hospitals
3. Check the Fine Print
4. Look for Additional Benefits
5. Examine the Exclusions and Other Clauses
Difference Between Mediclaim Plan or a Critical Illness Insurance Plan?
· Type of Payout
· What's Covered
4.3. Vehicle Insurance
Car Insurance in India
Why Should You Buy Car Insurance in India?
Types of Car Insurance in India:
What Is Covered In A Car Insurance Policy?
What Is Not Covered In A Car Insurance Policy?
How Does Rental Car Insurance Work In India?
Factors That Affect Car Insurance Premium:
How Is Car Insurance Priced or Calculated?
Third-party Liability Insurance Policy:
Comprehensive Insurance Policy:
Add-ons for Car Insurance:
4.4. Property Insurance
What is Property Insurance?
Types of Property Insurance
Types of Coverage Property Insurance Offers
Eligibility Criteria for Buying a Property Insurance Policy
Documents Required to Buy a Property Insurance
Things to Consider When Choosing a Property Insurance Policy
How to Find the Best Property Insurance Policy Online?
How to Apply for a Property Insurance Policy Online?
How to Raise a Property Insurance Claim Online?
4.5. Fire Insurance
What is a Fire Insurance?
Types of Fire Insurance Plans
Coverage under Fire Insurance Policy
Claim Process
Exclusions in Fire Insurance Policy
Important Aspects
4.6. Travel Insurance
What is Travel Insurance?
What Does Travel Insurance Cover?
1. Injury or sickness
2. Lost luggage
3. Last-minute cancellations
4. Coverage beyond your credit card
What travel insurance might not cover
How much does travel insurance cost?
What travel insurance coverage should you get?
SO HERE IS THE BUDGET 2023-24 ANALYSIS
BUDGET 2023-24- AN OVERVIEW
PRIORITY 1- INCLUSIVE DEVELOPMENT
PRIORITY 2- FINANCIAL SECTOR
PRIORITY 3- YOUTH POWER
PRIORITY 4 – GREEN GROWTH
PRIORITY 5- REACHING THE LAST MILE
PRIORITY 6- INFRASTRUCTURE AND INVESTMENT
PRIORITY 7- UNLEASHING THE POTENTIAL
WHAT IS THE STATUS OF FISCAL MANAGEMENT?
PERSONAL INCOME TAX
Current and Proposed Tax Slabs:
DIRECT TAX PROPOSALS
INDIRECT TAX PROPOSALS
Other Tax Reforms:
CONCLUSION
The Mines and Minerals Development and Regulation Act (MMDR)
What Amendments are done through the Bill?
Why Amendments was Done in the MMDR Act, 1957??
Why Private Sector Participation is Essential and critical for Deep Seated Mineral Extraction??
Challenges Faced By India in Mining Sector.
1. Legal Issues
2. Environmental Issues:
3. Lack of New Technology:
4. Administrative Issues:
5. Cost Increase :
6. Displacement of Communities:
How India’s Mines and Minerals Bill 2023 encourages private players: Key provisions
Concerns Raised By Industries For Amendment through Mines and Minerals Bill, 2023
What is Interim Budget??
How is an Interim Budget different from the Regular Budget??
What items are included in the interim Budget?
Why Finance Minister of India presented Interim Budget 2024-2025??
20 Key Points of Budget 2024-2025
Vineeta Singh – Biography
Early Life and Education of Vineeta Singh
Vineeta Singh Net Worth and Investments
Vineeta Singh Family
Vineeta Singh Career
Vineeta Singh Story of Sugar Cosmetics
Sugar Cosmetics – Name, Tagline and Logo
Sugar Cosmetics – Business Model
Sugar Cosmetics – Revenue Model
Sugar Cosmetics – Challenges Faced
Sugar Cosmetics – Funding and Investors
Sugar Cosmetics – Mergers and Acquisitions
Sugar Cosmetics – Products and Launch
Sugar Cosmetics – Partnerships
Sugar Cosmetics – Advertisem*nts and Social Media Campaigns
Sugar Cosmetics – Competitors
Sugar Cosmetics – Future Plans
Vineeta Singh Shark Tank India
Vineeta Singh Personal and Professional Achievements
Personal Achievements
Lessons to Learn From Vineeta Singh
Frequently Asked Questions (FAQs)
Peyush Bansal – Biography
Early Life and Education of Peyush Bansal
Peyush Bansal Net Worth and Investments
Peyush Bansal Family
Peyush Bansal Lenskart India: How It All Began?
Business Model of Lenskart
Customer Segments in Lenskart’s Business Model
Value Propositions in Lenskart’s Business Model
Lenskart Funding and Valuation
Fundings so far & Valuation
Competition Analysis: What Makes Lenskart Stand Out?
Peyush Bansal in Shark Tank
Peyush Bansal Personal and Professional Achievements
5 Companies Launched by Peyush Bansal before Lenskart’s Success
Lessons to Learn from Peyush Bansal
Frequently Asked Questions(FAQs)
Chapters
7.1 Process of Industry Analysis
7.2. The Business Cycle and Industry Sector
7.3. Structural Economic Changes and Alternative Industries
7.4 Life Cycle
What is cost-push inflation?
Understanding cost-push inflation
Graphic Representation of Cost-Push Inflation
Causes of Cost-Push Inflation
Cost-Push Inflation vs. Demand-Pull Inflation
Example of Cost-Push Inflation
What causes cost-push inflation?
What effects cost-push inflation?
How is inflation measured?
What investments beat inflation?
Can You Beat Inflation with Gold?
Conclusion
frequently Asked Questions (FAQs)
References
References
- https://www.nytimes.com/athletic/2166758/2020/10/29/georgia-georgia-tech-atlanta-falcons-geoff-collins/
- https://www.5paisa.com/finschool/search/Rulka+Electricals+Limited/feed/rss2/
- https://san.com/cc/nato-needs-options-to-deal-with-deadly-drones-here-are-two/
- https://www.scientificamerican.com/article/there-is-too-much-trash-in-space/
- https://tonyisola.com/2024/05/how-to-blow-up-your-portfolio-in-six-minutes/
- https://www.wvtm13.com/article/nil-alabama-uab-trent-dilfer/60777135
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