Personal Finance

It’s time we stopped focusing on fear and anxiety around Covid-19 and started answering practical questions about all the changes it has brought about in our daily lives. “We all will need to live through the isolation and months of working from home. And, perhaps sooner or later work on lower salaries or even with a no-paycheck scenario. Thus everyone needs to bring about a change in their financial strategies to survive the new environment,” says Mumbai-based Certified Financial Planner Pankaj Mathpal. “This means close monitoring your cash flows (money coming in and going out), and changing them in according to the situation.”

In short, if you already have a household monthly budget, you would need to tweak it. If not, then it’s about time you made one.


Best of times and worst of times: The first step is to assess your current financial situation. Know

In October 2019, Salesforce CEO Mark Benioff declared capitalism was dead in a New York Times op-ed. Earlier in the year, Larry Fink, chairman of BlackRock, caused a seismic stir in a letter to chief executives demanding that companies pursue purpose. In August 2019, CEOs of 181 companies in the Business Roundtable rejected the idea of shareholder primacy in favor of creating value for all stakeholders. Today, increasingly, corporations are being asked, pressured, forced, encouraged, regulated, and coaxed to consider a broader set of stakeholders in their business calculations.

The 2008 financial crisis focused attention on the ways in which corporations have wide-ranging effects on society. Climate change has attuned people to the potentially toxic effects of corporate policies. The global supply chain is more visible than ever before. Consumers are increasingly conscientious about their buying habits.

Further, in the current political environment, people are turning to corporations to pursue


This financial year, taxpayers will be able to choose between two sets of slab rates and pay their taxes accordingly. They could either opt for the new rates announced in Budget, or stick to the existing slabs. Under the new regime, there is no on annual income up to Rs 2.5 lakh, while 5% is payable on income above Rs 2.5 lakh and up to Rs 5 lakh, and 10% on income over Rs 5 lakh and up to 7.5 lakh. For income betwen Rs 7.5 lakh and Rs 10 lakh, tax has to be paid at a rate of 15%. Income between Rs 10 lakh and Rs 12.5 lakh attracts 20% tax, while 25% tax is payable in the Rs 12.5 to Rs 15 lakh bracket. Anything above Rs 15 lakh attracts 30% tax. These rates are lower than those prevailing under the old

The coronavirus crisis is unlike any we have seen in recent memory. Its impact on our collective physical, mental, and economic health has elements in common with the 1918 influenza pandemic, the wave of terror bombings in the early 2000s, and the economic crash of 2008. It’s an inflection point, beyond which our personal and professional lives will be changed in ways we can’t yet fully understand.

Nevertheless, we must persevere. Our organizations need to survive both as vital components of the global economic engine and integral threads in the fabric of social coherence. Many people derive not just financial reward but some of the meaning in their lives from the work they do. They consider their coworkers to be part of their extended family. The workday is a metronome in the rhythm of their lives. Forging a new normal falls largely on the shoulders of those who lead. Regardless


With the epidemic bringing the entire country to a standstill, many taxpayers, who had procrastinated and left the task of investing for for the last few days of the financial year, had got stuck. Fortunately for them, the government has extended the deadline until June 30, 2020, for people to make their tax-saving for the financial year 2019-20.

This relief will matter especially to those who are not savvy enough to make their online. Now that tax savers have got a second opportunity, they should exercise due diligence and make their tax-saving with a lot of care. In this article, we shall discuss some of the common mistakes that investors tend to make when doing tax-saving investments.




Avoid acting in haste: Now that you have got three additional months, do not once again leave the task of

The Inside the Mind of the CEO interview series explores a wide range of critical decisions faced by chief executives around the world. For more insight, see PwC’s CEO Survey.

The story of Titan, the fifth-largest watch manufacturer in the world, is the story of serendipity. In a quest for an exciting project, two employees of the Indian conglomerate Tata Group decided to design a watch, even though the Indian government closely regulated business and banned large corporations from manufacturing watches at the time. Bhaskar Bhat was their first recruit in 1983; the first Titan watch hit the market four years later.

In his 35-year career at the company — during which he was managing director from 2002 to September 2019 — Bhat built Titan into a multibillion-dollar retail powerhouse that today sells jewelry, eyewear, precision engineering components (through a separate subsidiary), and, most recently, handwoven saris, in addition