Sujata Krishnan is a high-profile IT professional working with Oracle Corporation, one of the world’s largest enterprise software firm. She started as a trainee some three years ago and moved up the ladder to the senior-executive level with Oracle, a matter of professional envy for her co-workers.
Sujata is quite satisfied with her career graph so far. However, she was a worried person some months back and that too on her job front. She had updated her resume umpteen times and was always looking for one or another headhunter and job consultants. Though Sujata has always been satisfied with her job at Oracle and she was doing her job quite efficiently, rumours were rife that the company was planning a large-scale layoff and that she was likely to fall under the axe.
The planned layoffs had nothing to do with the usual cost-cutting initiatives when a company runs into losses. Oracle has always been a big profit-making venture. However, the global business software major has also been always into some big acquisition deals. And with every acquisition or merger deal come a hoard of pink slips for employees of both the companies involved.
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Did you ever think that paying telephone bills on time would help in getting that dream job ? Or, for that matter in getting that park-view apartment on rent? This is already happening in the US and several other countries and your prospective employers and landlords are soon expected to follow the suit.
Get ready to witness the power of credit score in your day-to-day life. In fact, you may not know, but this is already affecting your financial state of affairs. Last time when your loan application was rejected by a bank, your credit report card might have been the culprit. But contrary to popular belief, your credit score is not just about your eligibility and worthiness for loans and credit cards . This tracks almost everything related to money in your life -- be it payments for your telephone, electricity and water usage, credit cards, bank accounts, home loans, personal loans, your spending habits and your shareholding patterns among others.
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Roti, kapada aur makaan has been the guiding light for mankind since time immemorial. Throughout the world to own a house has been one of the cherished dreams. Thanks to this dream, the real estate market has been consistently on an upswing. With prices surging up an average Indian always feels short of funds for his dream home when he ventures into the market.
However, the economic reforms over the past few years have led to a significant decline in the housing finance interest rates. The southward movement in interest rates, together with tax sops associated with home loans, has made opting for a housing loan almost a must when one thinks of buying a house. So when India's richest man and software major Wipro's chairman Azim Premji wanted to build a house (a palatial farmhouse, to be precise), even he went for a housing loan. Premji draws an annual salary of Rs 2.4 crore and he is estimated to be worth nearly Rs 40,000 crore.
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We take saat phere and an equal number of vows to solemnise a marriage that is said to unite the two together for the rest of their lives. Unfortunately none holds true when a couple decides to call it quits. While emotional loss is something one can live through, the reality of financial loss that arises after being alone is some thing one has to live with forever.
While the emotional loss is equal for both the partners, it is the partner who has no visible means of supporting oneself, who is going suffer financially as well. Divorce settlement, or alimony, is something that one can look forward to for filling the financial gap created after parting ways with the once-loved one. Moreover, there are chances that even this small grace can come to nought for the lack of proper planning.
Here are seven steps one must follow to reach a money-smart divorce settlement.Read Full Story
Both the earning and non-earning wives bring a different set of expenses to the household budget , and the actual contribution of the two can vary depending on various factors such as total household income, ages, job profiles, work experience, lifestyles, societal status and the emotional compatibility.
Here, we will discuss two set of couples each in three different income groups for a comparative analysis --. the husband being the sole contributor to the family kitty in the first set and both the partners earning in the second set. Also, we have tried to keep the household expenses have been confined to those heads that vary between the different sets of couples discussed here.
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