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How To Plan Personal Finance Better?

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Personal Finance Planning

Be it for an individual or a family, financial management is a very important aspect. Managing one’s personal finances is vital in order to save and keep various financial risks at bay. When we talk of planning personal finance, one needs to take into account a variety of things into consideration. Be it expenses, debts, savings, retirement, insurance, budgeting etc, one needs to understand all the topics well to make sure that a strong financial plan is put in place for the future.

With the start of the new year, take a look at these certain rules of Personal Finance planning that one needs to keep in mind if he/she wants to save some of their hard earned money by the end of the year and enable them to fulfill certain goals in the future:

  • Need to create a Budget: If an individual intends to plan his/her finances in a better way, the basic thing needed is to put in place a budget. Doing this enables the individual to know where the money is being spent. This helps them in identifying the areas where the money is being spent and enables them to plan their expenses appropriately. Budgeting helps individuals to cut down on unnecessary expenses and helps them to put their money in a place which will be rewarding in future. Prior to putting a budget in place, it is imperative for the individuals to be aware of his/her net worth and goals, assess their risk-taking ability as well as identifying the areas where to invest.
  • Save a certain percentage of the Monthly Income: When it comes to planning one’s personal finances in a better way, it is always beneficial to start saving a certain amount from the monthly income of the individual. This helps the concerned person to be well placed, in case there is an emergency. Doing this consistently also ensures him/her in achieving the future goals that they might have set themselves.
  • Securing oneself and the dependents: When one intends to plan his/her personal finances, the question of taking up certain risks do come up. And considering this the individuals must make sure that the risks which are taken are covered. By covering the risks, it enables the individuals to not only secure himself/herself but also the lives of his/her dependents. This can be done by buying insurance policies with regards to death, health issues and accidents. The insurance policies can also double up as investment options for individuals and can be quite beneficial in covering the finances for future goals by getting hold of endowment and child policies.
  • Get out of Debts: To ensure that one can plan his/her personal finances better, it is mandatory to get out of debts. Irrespective of how small or big the debt might be if one only pays the minimum amount due it can take a long time to clear the debt. This ultimately results in the individual paying a lot more money than he/she might have borrowed courtesy the high-interest rates.
  • Paying Taxes: Though many people view paying taxes as something that eats into one’s finances, it is not exactly the case. On the contrary, paying taxes can help in increasing the gains. To plan one’s finance better without needing to evade taxes, an individual can spit tax saving investments, tax payment and filing of returns into separate heads. Doing this at the start of every financial year will enable the individual in cutting down on the amount paid as penalties as well as maximize exemptions and deductions.
  • Monitoring Investments are mandatory: In today’s world, Investments form an important part of a financial plan for every individual. However, if not monitored well all investments that individuals make can go to waste. Hence, it is important to periodically review the investments either on a quarterly, half-yearly or annually. Doing this ensures that the individuals can take corrective measures with regards to their investments as may be deemed necessary due to the prevalent market conditions.

 

Apart from the above points, the most important thing that individuals need to do is to stay aware of the changes that take place around them. And with many online portfolio trackers and money making websites available, managing one’s personal finance have never been that easy. The recently launched BankBazaar app can also hugely beneficial for individuals in managing their expenses better by keeping a track of their transactions. The app also helps individuals by providing tips and advice on managing their finances and financial products which will serve the purpose of the individuals depending on their needs.

If you are one of those individuals who is considering to start planning your personal finance in a better way than in the past, you can consider the above-mentioned points discussed as well as download the BankBazaar App from Google Play store to get a head-start – DOWNLOAD NOW!

A Financial Advisor with more than 5 years of experience. Love sharing latest financial updates and quick financial tips!

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Diamond Power Infrastructure on a transformational spree with Digital India program

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India, being one of the fastest growing economies in the world, is witnessing a digital revolution. PM Narendra Modi has trotted out numerous programs to promote Digital India, ensuring digital inclusion across the country. On this note, Amit Bhatnagar Diamond Power MD, has digitally-empowered his company, in the field of manufacturing power transmission equipment.

Diamond Power Infrastructure Ltd, also known as Dicabs, was the first Indian company to manufacture alloy conductors and proto-test HSHC (High Strength and High Conductivity) conductors. Today, Dicabs is the only company in India, which holds a BIS mark certification for alloy conductors.  It also complies with the ISI quality standards for manufacturing all types of conductors.

The Vadodara- based company has also established India’s headmost ‘continual horizontal lead extrusion facility’, along with the ‘aluminum corrugation facility’ for cables (66KV). Dicabs is also ranked at the fifth position in the world, for manufacturing extra high-voltage cables up to 550 KV.

The homegrown companies are getting new opportunities to grow, as the Centre has reduced imports in the segment. India is on a transformational spree, and will become a hub for technology and innovations in the coming years. The initiative has already received pledges from Diamond Power Infrastructure Ltd and other corporate ventures, with investments worth Rs 4.5 lakh crore. This figure is expected to surge as the ‘Make in India’ campaign gains momentum.

Amit Bhatnagar Diamond Power

Amit Bhatnagar believes that quality and technology go hand in hand. Being a technocrat, he has always supported technology by reining on state-of-the-art technology for all business operations.

His ability to sense, envision and adapt to change pertaining to technology has been the company’s key growth driver, since the initial years. “With India progressing on the path of innovation and technology, Dicabs would unremittingly partner its journey towards successful frontiers. Simultaneously, we would continue to adapt to as well as lead the change through proactive investments in technology,” says Amit Bhatnagar.

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Diamond Power Infrastructure on a transformational spree with Digital India program

Published

on

By

amit bhatnagar diamond power

India, being one of the fastest growing economies in the world, is witnessing a digital revolution. PM Narendra Modi has trotted out numerous programs to promote Digital India, ensuring digital inclusion across the country. On this note, Amit Bhatnagar Diamond Power MD, has digitally-empowered his company, in the field of manufacturing power transmission equipment.

Diamond Power Infrastructure Ltd, also known as Dicabs, was the first Indian company to manufacture alloy conductors and proto-test HSHC (High Strength and High Conductivity) conductors. Today, Dicabs is the only company in India, which holds a BIS mark certification for alloy conductors.  It also complies with the ISI quality standards for manufacturing all types of conductors.

The Vadodara- based company has also established India’s headmost ‘continual horizontal lead extrusion facility’, along with the ‘aluminum corrugation facility’ for cables (66KV). Dicabs is also ranked at the fifth position in the world, for manufacturing extra high-voltage cables up to 550 KV.

The homegrown companies are getting new opportunities to grow, as the Centre has reduced imports in the segment. India is on a transformational spree, and will become a hub for technology and innovations in the coming years. The initiative has already received pledges from Diamond Power Infrastructure Ltd and other corporate ventures, with investments worth Rs 4.5 lakh crore. This figure is expected to surge as the ‘Make in India’ campaign gains momentum.

Amit Bhatnagar Diamond Power

Amit Bhatnagar believes that quality and technology go hand in hand. Being a technocrat, he has always supported technology by reining on state-of-the-art technology for all business operations.

His ability to sense, envision and adapt to change pertaining to technology has been the company’s key growth driver, since the initial years. “With India progressing on the path of innovation and technology, Dicabs would unremittingly partner its journey towards successful frontiers. Simultaneously, we would continue to adapt to as well as lead the change through proactive investments in technology,” says Amit Bhatnagar.

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How to make your Business successful on a global level with an iOS Application?

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iOS App Development

Are you a startup? Are you looking to make your business successful on a global level? Then iOS application can be a great choice to turn your business digital and get successful on a global level. The iOS system is owned by Apple who is renowned for their precision and futuristic technology. Apple controls the iOS versions and the applications that get published on Apple app store. Therefore there are no chances of bloatware or non-functional applications on the app store.

iOS App Debelopment

The Apple only accepts quality application in the app store, so it is pivotal for the applications to perform well and give quality service to its users. Even though the iOS application only owns 30% of market shares, it brings 70% of total revenue that all app stores generate. The iOS app can be helpful for your business to reel in a good capital for your further business. The iOS also has a sophisticated audience base that dominates many developed countries such as the USA, the UK, Australia, Canada, etc. So if your application becomes successful and popular in those countries the demand for your application will be seen on other platforms, making your business successful.

Apple has created an image of the perfect Smartphone that has become the dream of many Smartphone users to own an iPhone. But with the modernizing lifestyle and the custom of instalment payment, everyone wants to try on the best device in the market.

But how to make your iOS application benefit your business? Below are some advantages of iOS application that promises your business a global growth.

Advantages of iOS applications

Apple’s stamp of approval

The iPhone itself doesn’t work for the users. They need apps to power their phones and as Apple only gives their users the best quality apps, the user knows that every app they download is sorted by Apple themselves. If you develop an app for your business on the iOS platform and once your app gets published on the app store your app will automatically have the Apple’s stamp of approval. This can help your business at a global level.

Easy business expansion

The iOS has a reputation that precedes the border of a single country. Once your app is published on the app store, your business can get a global exposure. This exposure can be beneficial to set up your business abroad. Hence, your dream of global growth can be accomplished with the help of an iOS application.

Scalability

High stability is the primary requirement of any application on the platform they choose to develop their application. And there is no one in the business like the Apple that can provide such scalability. The reason that scalability is important for applications is so that they can provide a better user experience.

Security

Security is one of the factors that Apple is renowned for. The transactions are secure and safe and all business transaction on the iOS platform is secured by the security features that Apple has embedded into the system. Apple always provides their users with the best security possible to save them from any external threats.

Latest features to include

There are many features that Apple introduces in their application with every device that they release. And with the latest iPhone X, it was augmented reality, core machine learning, etc. These features can be really helpful for the applications that can embed these features into their application. For example, if you own an e-commerce application, AR could be really helpful to showcase the product that you sell.

These advantages clearly point out the benefits of using iOS apps to grow your business. When you consider these points collectively the picture becomes clearer. But it is also extremely important to have a reliable development partner. There are many companies that provide Top iPhone App Development that can be extremely helpful for you to develop quality applications at an affordable cost. The countries that are prominent in iPhone app development are India, USA, UK, Australia, etc. Hence, select your development partner carefully and let your business prosper.

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