Sangam Sharma Blogs

Paytm Payments Bank: Rocky Road Ahead? Decoding the Recent News and its Impact Paytm Payments Bank (PPBL) has been in the news lately, but not for the reasons it would have hoped for. Recent developments, including restrictions imposed by the Reserve Bank of India (RBI) and its subsequent decision to sever ties with One97 Communications, have cast a shadow of uncertainty over the bank's future. Let's delve deeper into these events and analyze their potential implications: The Trigger: KYC Irregularities and Compliance Concerns RBI inspections unearthed significant irregularities in PPBL's Know Your Customer (KYC) norms. These included instances of missing or incomplete KYC details, multiple accounts linked to single PAN cards, and even potential money laundering concerns. These lapses prompted the RBI to take action, raising questions about the bank's compliance practices and ability to safeguard customer data. The Impact: Restrictions and Uncertain Future As a conseque

  India's Union Budget 2024, presented as an "interim budget" due to upcoming elections, has sparked debate and analysis. While the government touts it as a "Viksit Bharat Budget" paving the path for a developed India, others see it as lacking concrete measures and missing key opportunities. Here's a closer look at the key highlights and potential implications: Focus on Infrastructure and Youth: Infrastructure push: The budget boasts an 11.1% increase in capital expenditure, aiming to boost infrastructure development in sectors like railways, roads, and digital connectivity. This could create jobs and improve logistics, potentially benefiting the youth. Skill development: Initiatives like the revamped PMKVY 4.0 program aim to equip youth with industry-relevant skills, enhancing their employability. However, concerns remain regarding the effectiveness and reach of such programs. Social Welfare and Sustainability: Affordable housing: The budget promises 2 cro

  "The Active Participation of Women, Especially in Financial Affairs, Can Revolutionize Wealth Management and Inheritance Patterns." Women are vital contributors to societal progress, donning numerous roles such as mothers, daughters, spouses, caregivers, business leaders, and more. They exhibit remarkable multitasking abilities, embodying a harmonious blend of yin and yang energies. Women excel in leadership, whether as Fortune 500 CEOs or homemakers managing households. Yet, their active involvement in financial matters often lags behind. While change is emerging, it remains in its early stages. "Let's explore several compelling reasons why women should assume control of their financial matters." Prospective Heirs : Indian women are projected to have a longer life expectancy than men by a few years on average, as per the Economic Survey 2021-22 presented by Finance Minister Nirmala Sitharaman in the previous year. This implies a higher likelihood of women inh

 If you are starting your investing journey in your 20s then this Blog is absolutely for you .So in this blog , for all those who are in their 20s  I will present a step-by-step guide so that you can start your investing journey . Every important question will be answered . Step 1 : What should be the Focus. Step 2 : How to decide the investment amount ? Step 3 : How does compounding affect our investment ? Step 4 : Which Assets to invest in ? Step 5 : How to Invest ? #1 Things To do before investing Starting Investing in your 20s is the best time to start because you have the most precious thing when it comes to investing , and that is TIME . Because the amount you invest is not as important as the duration for which you are investing . That's why , I would strongly recommend that you start your investing journey as soon as possible . Step 1: What Should Be the Focus The first step to investing in your 20s is to have a clear focus. What are your goals? What are your values? What a

Long-term wealth creation is a goal that many people strive for, but few are able to achieve. In today's world, where we are bombarded with quick-fix solutions and get-rich-quick schemes, it's important to remember that building wealth takes time, patience, and discipline. In this blog post, we will discuss some strategies for long-term wealth creation that can help you achieve your financial goals. Start early and invest regularly The earlier you start investing, the more time you have for your investments to grow. Even small amounts of regular investments can compound over time and lead to significant wealth creation in the long run. This is why it's important to start investing as soon as possible, even if you can only afford to invest a small amount each month. Diversify your portfolio Diversification is another essential strategy for long-term wealth creation. By spreading your investments across different sectors, asset classes, and geographies, you can reduce your ov

 Introduction: The Union Budget 2023 has brought significant changes in the Indian taxation system by introducing a new tax regime for individuals and Hindu Undivided Families (HUFs). The new tax regime provides a lower tax rate for taxpayers who are willing to give up their exemptions and deductions. The old tax regime, on the other hand, continues to offer tax exemptions and deductions. In this blog, we will analyze the differences between the new tax regime and the old tax regime in the context of the Budget 2023. New Tax Regime: The new tax regime introduced in Budget 2023 offers lower tax rates to individual taxpayers and HUFs. Under the new tax regime, taxpayers can choose to forgo their exemptions and deductions and pay taxes at lower rates. The new tax regime has seven tax slabs ranging from 1% to 35%. The tax rates under the new regime are as follows: Up to Rs 2.5 lakh: Nil Rs 2.5 lakh to Rs 5 lakh: 1% Rs 5 lakh to Rs 7.5 lakh: 5% Rs 7.5 lakh to Rs 10 lakh: 10% Rs 10 lakh to R