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The interim budget of the outgoing government was presented on 1st Feb 2019. This being the last budget of the ruling party was expected to be populist in nature. However, experts say that this budget was balanced and tried to offer something to all sectors and classes of population.  

The benefits of having a credit card are known to everyone. In addition to being convenient for payments for online and offline transactions, they also help you tide over short-term credit needs. And not to mention another added advantage of getting benefitted with reward points, partnership deals, and co-branding arrangements. 

Finance is crucial for building any business. As a business grows, so does its need for finances to meet its requirements. All the finance required for building a business cannot be brought in by the promoters alone. Hence, there arises a need for credit. 

Trade Credit is an important lifeline of running a successful business. Allowing payment on credit to your customers and paying in advance to your vendors are some of the usual ways of working of a business.  

World Intellectual Property Organisation (WIPO) recently published that India is ranked as 57th most innovative country in the world. Initiatives such as ‘Make in India’ by the Government of India has spurred the growth of business across 25 sectors.

Just like a good diet and fitness can give you great health, good credit score has beneficial effects as well. Some of them are quick loan approvals, lower rates of interest and other favorable terms on credit. And a bad credit score does just the opposite. Rejected loans, higher interest rate, etc may be some of the detrimental effects of a bad credit score.  

It is common knowledge that the business entity and individuals representing the business are two different entities; their personal actions do not affect the running of the business. Similarly, the business credit scores and personal credit scores are different, right from the way they are computed to the way the scores are being represented.  

There are various types of businesses being run to satisfy a wide range of needs. It may be a manufacturing company or a service-based business or a business that acts as a market place, the need for finance is a common line that binds all of them. 

Finance and a business go hand in hand. As with an individual, a business may also come up with requirement of credit at any time. As funds required for a business would be in greater proportion in comparison to an individual's requirement, the loan requirements vary as well.  

The importance and relevance of credit score is well known now. Credit Score is an indicator of your creditworthiness issued by credit bureau. It ranges between 300-900 with higher scores indicating higher levels of creditworthiness.  This is one of the first and decisive factors that a lender looks at before deciding on your loan/credit card application.  

Year 2017: Raj of Mumbai got into financial difficulties and he had availed 2-3 loans for his business. He found it very difficult to pay EMIs on all of them on time. While he somehow managed to clear of 2 of those loans, he just could not pay the third loan. After giving a lot of time, his bank agreed to settle his loan of Rs 50000 by paying Rs 40000 only.  

The need for credit could arise at any moment for anyone. While availing big loans like a home loan or vehicle loan, there is some amount of pre-planning that must be done.  Also, there may be individuals who are out of work due to a host of reasons like health issues, availing a sabbatical, starting a venture on their own, period of break between two jobs, or maybe have some alternate sources of income.  

Anyone looking to obtain any kind of credit just cannot avoid knowing about credit score or credit report. There is a lot of awareness built around the subject and individuals are increasingly keeping themselves updated of their credit scores.  

Jitesh Shah is a happy go lucky young media professional starting out his career in Mumbai. He was very ambitious and spent long hours at work and hung out with his friends during free time.  Financial matters did not seem important to him. He was regularly maxing his credit card, missing loans EMIs, and when he ran out of cash, he was quick to apply for another personal loan.  

Often a car is perceived as an extension of your home! More so in major Indian cities where individuals end up spending so much time in their cars due to long commute involved. Therefore, owning a car is considered a necessity and is also a matter of pride in our country.  

Are you a credit card user? You must have read or heard about the exorbitant rates of interest charged on the credit cards? But not many of us know how exactly the interest on your credit works. 

You must have heard the terms "Credit Limit" and "Credit Utilisation" in the context of credit cards. Have you been wondering what these terms are and how they really matter to a common credit card user? You must also must have heard that your credit utilization should not exceed 30 or 40%? Is it something to signify the number of times you should use your credit card?  

Nowadays, we see many students studying away from home, either in India or abroad, who have to manage their day-to-day expenses at hostels, buy books, commute from one place to another, etc. Being technologically savvy, they obviously prefer to make monetary transactions either by through mobile wallets or the online route.

India, the second most populated country, has 50% of its population below the age of 25 which makes it the youngest nation in the world. If the power of youth is properly channelized, the nation will see unprecedented growth in the economic sector. Education is the basic requirement for the masses that can drive splendid growth across all sectors. Realising this, the Government of India has launched several schemes to provide education for all.  

Your credit score plays an important role in determining your creditworthiness. Lenders access your credit score before your loan application is processed for approval. Based on your credit score, the approval and interest rate are determined. A credit score is generated only when an individual becomes a borrower with banks or NBFCs.  

Credit cards are the financial instruments that bring in a lot of convenience in payments for various products and services. They can be utilized with great ease for both online and offline payments. These days, credit cards bring in a lot of added advantages in terms of offers, rewards, and other associated benefits. Newer cards with lots of features and branding are also launched frequently.