Money Management and Financial Planning covers personal finance basics, setting goals, budgeting, debt management, emergency funds, investing, credit scores, and estate planning. Additionally, it dives into advanced budgeting, debt elimination, investment vehicles, tax planning, real estate, risk management, alternative investments, and early retirement.
3 Seasons
Foundations of financial literacy encompass budgeting, saving, investing, debt management, tax planning, and cultural considerations. These aspects are crucial for personal finance management and achieving long-term financial goals.
Advanced Financial Strategies comprises of investment diversification, tax planning, budget optimisation, debt management, and emergency fund planning for holistic financial wellness.
The 2024 Union Budget, presented by the finance minister focuses on 9 key areas. These include agriculture, employment, urban development, and innovation. Major tax reforms were introduced, such as increasing the standard deduction to ₹75,000 and revising tax slabs. These could result in significant savings for salaried employees. A 12.5% tax will now be levied on long-term capital gains. Additionally, substantial investments were announced for housing under PM Awas Yojana, solar energy, and various state-specific projects. New schemes were introduced for minors' savings, higher education loans, and enhanced Mudra Loans. Moreover, the budget suggested a reduction in customs duties for mobile phones, gold, silver, and specific cancer drugs. The focus was also on tourism development, with significant allocations for road projects and state-specific development packages.