Mumbai, April 1 — Amid ongoing conflicts in West Asia, domestic rating agency Crisil has projected a slight decline in bank loan growth and an increase in defaults in the fiscal year 2026-27. Crisil stated that banks are expected to record a 13 percent increase in loans for 2026-27, which is a slight drop from the estimated 14 percent for the fiscal year 2025-26.

The rating agency also mentioned that banks' gross non-performing assets (NPAs) have reached their minimum level and could increase by 0.20 percent to 2.5 percent by March 2027.

Chief Rating Officer Krishnan Sitaraman emphasized the need to monitor loans given to micro, small, and medium enterprises, particularly those small industries that have markets in West Asia or procure raw materials from there. Additionally, there is a need to keep an eye on small loans secured against assets and some unsecured loans.

He acknowledged that sectors such as ceramics and diamond polishing are already facing adverse conditions due to the ongoing war in West Asia.

When asked whether a relief package could be provided in light of the West Asia conflict, Crisil officials stated that fiscal and monetary authorities could take appropriate measures for the industry following adverse events.

The rating agency noted that these measures could be implemented if the war persists. However, it is currently difficult to estimate the exact impact of relief measures.

Besides asset quality, there is also a need to monitor deposit mobilization by banks, as this will also affect loan growth. Crisil stated that the final loan growth will depend on the performance of banks in mobilizing deposits.

Everyone wants to improve their career prospects to ensure a more secure life. So, completing higher studies is paramount. The majority of students opt to secure a personal loan to fund their higher education. Indeed, these loans come to the rescue of students who have extreme financial constraints. Quick, seamless access to substantial money enables them to afford higher studies.

Obtaining personal loans from a reliable provider should be your priority. In addition, ensure the interest rate on the loan you secure is low. Doing so can help you make monthly loan repayments on time with ease. There are multiple alternatives to personal loans for students. So, weighing the advantages and drawbacks is essential.

What Advantages Can Students Reap by Securing Personal Loans?

A student with limited financial capacity can reap a host of advantages by obtaining an instant personal loan. These loans help them fund their higher studies at top institutes and cover various expenses. Here are the pros of these loans.

Instant Access to Substantial Money

It is obvious for a student with financial difficulties to meet unexpected education expenses. So, applying for personal loans is a prudent decision. A reliable lender disburses the loan amount instantly after approval. Fulfilling financial requirements is easier when students get easy access to funds. These loans are a convenient solution for students who want to pursue higher studies.

Repayment Terms are Flexible

Banks and online lenders ensure repayment terms are flexible on long-term and short-term loans in India. Students who secure loans to fund their higher education find flexible repayment terms beneficial. They get the opportunity to select a repayment plan that aligns with their budget and earnings. 

Consolidate Existing Debts

Students who have multiple existing debts can apply for and secure personal loans. Doing so will enable them to consolidate debts into one more manageable debt payment. The loan repayment process every month won’t remain a hassle.

Aside from affording higher studies, students can use the borrowed amount to invest in training and career development. Taking this step can help them enjoy financial advantages in the long term.

Loans without Collateral

If students obtain personal loans, which are unlike secured loans, there is no need for collateral. Anyone can get these collateral-free loans without even having valuable assets. Choosing a trusted lender that provides a personal loan in Delhi to students for their higher education is wise.

Disadvantages of Personal Loans for Students

Personal loans may not be the right option for students with financial issues. Here’s why.

●    Many loan providers often charge high interest rates when students apply for personal loans. 

●    Missing monthly payments or repaying after the due date can affect the credit score of a student. 

●    A student’s future financial health can suffer to a significant extent due to debt burden.

●    Managing these unsecured loans can be overwhelming for students when they experience financial problems.

●    The emergency fund of students will become limited if they secure loans to cover education expenses.

Alternative Financing Choices for Students

Students can choose from several financing options if they don’t wish to secure personal loans.

●    Government and private student loans are a feasible option.

●    Students who prove their talent and remarkable skills qualify for merit-based scholarships.

●    Those who demonstrate their financial limitations receive grants

●    One of the alternatives to personal loans is a credit card for students. But it is essential to use these cards in a sensible manner to avoid higher interests.

Final Words

Students must carefully evaluate their financial conditions before securing personal loans from banks or online lenders. Shopping around for the best interest rates and loan repayment terms is imperative. Obtain loan from personal loan app, or reliable online loan provider. You will require minimal documents to submit along with the application form to get instant approval. 

New Delhi (India), June 12: EveryDayLoanIndia is leading the way in modern financial solutions with premier short term loans for whenever individuals need them. The new-age fintech platform is empowering borrowers with the fastest loan approvals, 24×7×365 service, easy documentation, and hundred percent customer satisfaction. 

In the past decade, innovative digital technology has immensely transformed financial services. Modern-day fintech platforms like EveryDayLoanIndia are now driving greater access to financial solutions for the convenience of users. A host of fintech platforms, including EveryDayLoanIndia, have emerged to meet financial needs in the most competitive, inclusive, and efficient way. The trusted modern financial solution serves as an instant loan solution due to its user-friendly interface, prompt disbursal, easy access to funding, quick and high conversion rates, credit score protection, etc.

EveryDayLoanIndia is a unit of the Jointolead solutions Pvt Ltd. EveryDayLoanIndia’s modern financial solutions play a helpful role in financial crises. The quick financial support and services by EveryDayLoanIndia can be used to meet financial commitments or for emergencies. Borrowers can use financial aid for endless purposes to suit their needs. They can take a loan from EveryDayLoanIndia and quickly repay it in a manner where the loan doesn’t become a burden on them. Each loan service they offer ensures a smart and easy borrowing experience.

Modern financial solutions have brought security, seamlessness, and user-friendliness into lending. EveryDayLoanIndia understands this. The platform lives up to the lending expectations of borrowers by extending valuable customer support, reasonable interest rates, real-time loan status updates, no prepayment or foreclosure charges, 24/7 customer service, and funds whenever borrowers need them. https://www.EveryDayLoanIndia.com/ offers different type of loan services and tailor-made instant personal loans for special needs of borrowers. From loans for household emergency needs to loans to clear credit bills, borrowers can almost instantly access funds they need for all kinds of requirements.

EveryDayLoanIndia does not disappoint borrowers in any way. Unlike the traditional loan system, this financial services platform provides borrowers with an easy EMI option that allows them to pay their short-term loan amount on a loan scheme. All the repayments are online to allow borrowers to enjoy accessibility and luxury when it comes to refunds of the amount. The reputed fintech company promises quick financial support and services and a 3-day cooling period. One can enjoy a neat experience by availing oneself of credit without any hiccups. The responsible lending terms further ensure that borrowers can easily access loan services in a professional, secure, and proficient medium. 

The Founder of EveryDayLoanIndia shares, “As financers and tech-elites, EveryDayLoanIndia offers collective expertise of a decade in lending to help customers. The mission of our platform, EveryDayLoanIndia, is to provide funding to all needful customers without any inclinations or preconceptions based on the customer’s ability to repay.”

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New Delhi (India), June 12: Alok Kumar Agarwal Alankit opines, “From renewable energy infrastructure to sustainable agriculture practices, investments in sustainability can drive job creation, foster innovation, and bolster the resilience of communities against climate change impacts. Moreover, by promoting inclusive growth and reducing inequalities, sustainable finance can contribute to India’s broader socio-economic development objectives.”

In the dynamic landscape of global finance, a paradigm shift is underway—one that is steering investments toward sustainability and responsible stewardship. “In recent years, sustainable finance has emerged as a pivotal force in reshaping the financial services sector globally, and India is no exception,” says Alok Kumar Agarwal Alankit, an industry expert in the domain and the former Managing Director of Alankit. This article explores the critical aspects of this trend, from the efforts of financial institutions to the vital role of government policies, and the transformative potential of sustainable finance on India’s economic development. 

The Growing Importance of Sustainable Finance and ESG Criteria in India

Sustainable finance is no longer a peripheral consideration but a central component of financial decision-making. “Recognizing the interconnectedness of financial markets and environmental, social, and governance issues, stakeholders across the spectrum are embracing sustainable practices as a strategic imperative. From organizations to investors, there is a growing realization that sustainability is not merely a moral obligation but also an effective business strategy” explains Alok Kumar Agarwal Alankit. ESG criteria have become essential in assessing the sustainability and ethical impact of investments. In India, this shift is driven by several factors:

Global Trends and Investor Demand: International investors increasingly prioritize ESG compliance, influencing Indian companies to adopt sustainable practices.

Climate Change and Environmental Concerns: India faces significant environmental challenges, including air pollution, water scarcity, and climate change impacts. Sustainable finance addresses these by funding green projects and promoting cleaner technologies.

Social Responsibility and Governance: Improving labor practices, corporate governance, and community development initiatives are critical to enhancing social equity and ethical business conduct.

Financial Institutions Integrating Sustainability Principles

Indian financial institutions are progressively embedding sustainability into their operations. “Leading the charge are forward-thinking financial institutions that are recalibrating their investment decisions and lending practices to align with sustainability principles. Institutions such as banks, asset managers, and insurance companies are integrating ESG considerations into their risk assessments, capital allocation strategies, and product offerings,” mentions Alok Kumar Agarwal Alankit.  By incorporating sustainability metrics into their operations, these institutions are not only mitigating risks but also uncovering opportunities for long-term value creation. Several initiatives highlight this integration:

Green Bonds and Loans: Banks and financial institutions are issuing green bonds to fund renewable energy, energy efficiency, and other environmental projects. “The State Bank of India, for example, has launched green bonds to support sustainable development projects,” explains Mr. Agarwal.

Corporate Sustainability Programs: Leading financial institutions, such as HDFC Bank and ICICI Bank, have established sustainability frameworks guiding their investment decisions and operational practices. These frameworks prioritize financing projects with positive environmental and social impacts.

Potential Impact on India’s Economic Development

The implications of sustainable finance extend far beyond the financial bottom line. “By directing capital towards environmentally friendly and socially responsible projects, sustainable finance has the potential to catalyze India’s economic development in profound ways,” says Alok Kumar Agarwal Alankit. The integration of sustainable finance can be beneficial as follows: 

Job Creation: Investment in green projects such as renewable energy, sustainable agriculture, and eco-friendly infrastructure can generate millions of jobs. The renewable energy sector alone has the potential to employ a substantial workforce in the coming years.

Infrastructure Investment: Sustainable finance can drive significant investments in critical infrastructure. “Projects focusing on sustainable urban development, efficient public transportation, and resilient infrastructure can enhance the quality of life while fostering economic growth,” mentions Mr. Alok Kumar Agarwal Alankit. 

Enhanced Economic Stability: By mitigating environmental risks and promoting social equity, sustainable finance can contribute to a more stable and resilient economy. Companies with robust ESG practices are often better equipped to handle economic downturns and regulatory changes.

While concluding, Alok Kumar Agarwal mentions that “Sustainable finance represents the next frontier for India’s financial services sector. By integrating ESG criteria, financial institutions are not only contributing to environmental and social well-being but also paving the way for long-term economic resilience.” The concerted efforts of financial institutions, supported by robust government policies and successful projects, underscore the transformative potential of sustainable finance in driving India’s sustainable development. 

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Mumbai (Maharashtra) [India], July 18: Star Housing Finance Limited (Star HFL), a BSE listed (BSE Scrip code BOM: 539017), professionally run rural focused retail home finance company has continued its growth journey in FY’2023-24 which is reflected in the financial results for the first quarter ending June 30, 2023

During the quarter, Star HFL has reported strong traction in business backed by a liability franchise that continues to compliment the asset growth. The asset quality parameters have also improved during the quarter as the existing book gets seasoned and new book gets build up.

The overall performance has given credence to look forward to achieve the yearly business and operational milestones set by the Company at the beginning of the financial year

Performance Highlights:

AUM and Top Line Numbers: AUM as of June 30, 2023 increased 134% y-o-y to Rs. 271.62 crs. Total income grew 99% y-o-y for the quarter. The Company disbursed Rs.34.67 crs during the quarter registering y-o-y growth of 26%

Bottom line Growth: PBT and PAT registered 121% and 122% y-o-y growth respectively during the quarter

Leadership Team Strengthened: With an objective to strengthen the senior management, Star HFL board has recently appointed senior professionals within the Company Mr. Kalpesh Dave as CEO and Mr. Anoop Saxena as COO. These professionals, along with MD Mr. Ashish Jain and CFO Mr. Natesh Narayanan are now leading Star HFL’s growth phase

ESOP II scheme introduced: Star HFL board has approved the ESOP II scheme for eligible employees. The scheme, subject to shareholders’ approval and related clearances is in continuance with the philosophy of Star HFL being employee owned and managed company through its journey

Liability Compliments Growth: Star HFL continues to develop strong funding pipeline through engagement with Banks, Financial Institutions, Social impact fund and the NHB

Credit Rating Revised: Taking into account the business growth and asset quality displayed in the last financial year, India Ratings has upgraded Star HFL’s bank loan facilities to IND BBB/Stable

Asset Quality Continues to Improve: As of June 30, 2023,PAR (0+ days past due) has reduced to 4.82%, of which GNPA as of June 30, 2023 stands at 1.56%. NNPA as of June 30, 2023 stands at 1.13%.

Speaking on the performance CEO Mr. Kalpesh Dave said, “We have been able to start the financial year on a positive note across operational areas. 150+ member team is geared up to continue 100%+ y-o-y growth momentum that was exhibited in FY’2022-23. We are happy to have received rating upgrade which will further bolster our liability franchise. We continue to establish physical presence in our areas of operations enabling the branch network to build business traction and AUM growth. Our asset quality parameters continue to improve and this shall always take precedence in our day to day operations. I feel we are well poised to achieve Rs. 500 crs AUM milestone over the next few quarters.”

Speaking on the performance of the Company, Mr. Ashish Jain, MD of Star HFL said, “Star HFL is at an inflection point and we have structured our growth backed by solid risk framework. The day to day operations are driven by defined policies, processes and guidelines. Finally, we are governed by a strong and independent board. We as a team are confident to achieve our business and operation milestones. Exciting times are ahead for us and we look forward to exhibit quality growth in this phase of our journey.”

Star Housing Finance Limited (Star HFL) is BSE listed rural focused housing finance company. The Company has been operational in the low cost housing finance space since 2009. Star HFL provides long term housing finance assistance to EWS/LIG families towards purchase/construction of low-cost housing units (affordable housing) in its operational geographies. Star HFL is a professionally managed Company with a presence across states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan and Tamil Nadu. Star HFL is registered as a Primary Lending Institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY) and has received subsidy for its qualified customers under CLSS scheme. Star HFL has its Registered & Corporate Office in Mumbai, Maharashtra.

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New Delhi (India), July 15: Tripzygo International, a prominent player in the travel industry, is gearing up to introduce a new offering that will make tour packages even more accessible to travelers. The company is planning to provide EMI options for its tour packages, relieving countless individuals who have been constrained by affordability issues. Price is a key factor that sets it apart from other travel agencies. The company firmly believes that discovering the world’s wonders should not come at the cost of breaking the bank. In the vast realm of travel, finding a company that offers personalized experiences, affordable prices, and advanced technology-driven solutions can be a challenge. That’s where Tripzygo International comes in. 

Tripzygo International is committed to delivering personalized experiences to its customers. 

Recognizing that every traveler has their own preferences and tastes, the company tailors dream vacations accordingly. Whether it’s a luxurious getaway, a cultural immersion, or an adrenaline-packed adventure, the company ensures that each trip is customized to meet the unique requirements of its clients. It offers a comprehensive range of products and services to cater to all aspects of travel planning. From hotel and flight bookings to excursion activities and holiday packages, the company covers it all. The company also provides visa assistance, corporate travel services, and expertise in MICE (Meetings, Incentives, Conferences, and Exhibitions) and events. Furthermore, it embraces highly innovative technology to streamline those dreams.

Simran Vani, a former journalist turned marketing professional, and Manish Yadav, a passionate traveler, joined forces as the co-founders to create Tripzygo International. While traveling together, they faced numerous challenges that inspired them to come up with a solution to all the problems that an avid explorer faces on the go. Simran brings her creative mindset and branding expertise, while Manish’s industry experience and understanding of customer desires make for a powerful combination. Together, they have built a company that is dedicated to creating tailored and unforgettable travel experiences for adventure-seeking individuals. 

The achievements of Tripzygo International speak volumes about its commitment to excellence. The company is IATA certified, highlighting its adherence to international standards of safety and service. Moreover, it is a proud member of the Adventure Tour Operators Association of India (ATOAI), further solidifying its reputation as a trusted and reliable travel partner. Looking ahead, the company has ambitious plans for growth and expansion. To further enhance the convenience for their customers, they will be launching a mobile app, allowing travelers to access their services at any point in time. 

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Mumbai (Maharashtra) [India], June 29: Star Housing Finance Limited (Star HFL), a rural India focused and BSE listed housing finance company is pleased to announce the appointment of Kalpesh Dave as the Chief Executive Officer and Anoop Saxena as the Chief Operating Officer. These strategic appointments reflect the company’s commitment to accelerating its growth trajectory and further enhancing its position in the dynamic housing finance industry.

With extensive experience and proven leadership in the financial services sector, Kalpesh Dave brings a wealth of knowledge and expertise to his new role as the CEO of Star Housing. He has a deep understanding of the Indian housing finance market and a track record of driving sustainable business growth. Kalpesh Dave will be responsible for leading the company’s overall strategy, strengthening its market presence, and fostering innovation to meet the evolving needs of customer.

As the newly appointed COO, Anoop Saxena will play a pivotal role in overseeing the day-to-day operations of Star Housing. His exceptional operational acumen and strong focus on customer experience will further streamline processes, improve efficiency, and optimize service delivery. Anoop Saxena brings a comprehensive understanding of operational excellence, having successfully led high-performing teams in the financial sector.

Speaking on these appointments, Star Housing’s Board of Directors expressed their confidence in the capabilities and vision of the newly appointed CEO and COO. They believe that under their leadership, Star Housing will continue to drive innovation, expand its customer base, and cement its position as a trusted partner for homebuyers across the country.

Commenting on his appointment, Kalpesh Dave said, “I am honoured and excited to work as CEO at such a pivotal time in the housing finance industry. I look forward to working closely with the team to leverage our strengths, capitalize on opportunities, and enhance our offerings to empower more individuals and families to realize their dream of homeownership.”

Anoop Saxena expressed his enthusiasm for his new role, stating, “I am delighted to work as COO and contribute to Star Housing’s continued success. I am committed to driving operational excellence and delivering exceptional customer experiences as we strive to provide innovative housing finance solutions to our valued customers.”

The entire team at Star Housing welcomes Kalpesh Dave and Anoop Saxena in their new roles and looks forward to their leadership in steering the company to new heights.

Star Housing Finance Limited (Star HFL) is a BSE listed (BSE Scrip code: 539017) rural focused housing finance company. The Company operates in rural / semi-urban geographies to provide housing finance assistance to first time EWS/LIG home buyers for purchase/construction of low-cost housing units. The Company is a professionally managed by a team of experienced housing finance experts across locations and business functions. Star HFL is registered as a Primary Lending Institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY) and is headquartered in Mumbai.

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New Delhi (India), June 22: Tata Motors Finance (TMF), one of India’s leading automotive financiers, has partnered with BluSmart Mobility, India’s first and leading EV ride-hailing service, and EV charging superhub infrastructure operator, to facilitate the expansion of its fleet and operations in Delhi NCR. The said credit facility is offered in the form of an umbrella financing cum lease solution that will enable BluSmart to expand its fleet by 200 EVs. 

The signing ceremony, which marks a significant milestone, was attended by distinguished individuals including Anmol Singh Jaggi, CEO and Co-Founder of BluSmart and Samrat Gupta, MD & CEO of Tata Motors Finance; Anand Bang – Chief Operating Officer; Surinder Kamboj – Business Head Passenger Vehicles, alongside other dignitaries, and stakeholders from Tata Motors Finance, and BluSmart Mobilty.  

Commenting on this development, Samrat Gupta, MD & CEO of Tata Motors Finance, stated, “Tata Motors Finance is dedicated to provide solutions to EV fleet operators within TML ecosystem in fulfilling their mobility expansion needs through tailor-made credit offerings. Our partnership with BluSmart Mobility bears testament to TMF’s commitment to EV mobility space.”  

Expressing his delight during the signing ceremony, Anmol Singh Jaggi, CEO & Co-Founder, BluSmart, said, “We are excited to partner with Tata Motors Finance to further strengthen the growth of BluSmart. The association will enable us to expand our fleet and enhance our presence in the market, providing efficient, reliable, and eco-friendly transportation services to our consumers.”

Tata Motors Finance Limited (TMFL) is the leading and most preferred financial Institution engaged in financing the entire range of Tata Motors Commercial Vehicle. It is a non-deposit taking systemically important (ND-SI) NBFC. TMFL is one of the pioneers of vehicle financing established way back in 1957 under a different name. The company has a strong footprint across India and operates through its own 350+ branch networks, in addition to Tata Motors dealers’ sales outlets. TMFL’s business interests are focused on benefiting the parent company and its strategic partners within the Tata Motors eco-system.

To learn more visit www.tmf.co.in 

Tata Motors Finance Corporate Communications: Please mail us at corporatecommunication@tmf.co.in or call +91 22 6181 5400. 

BluSmart is leading India’s path to zero emission mobility, and we will continue to improve the quality of lives for people, improve the quality of lives of the driver partners and continue to provide the “most reliable ride hailing service to customers”. It has the largest fleet of electric cabs and the largest network of EV fast charging stations across Delhi NCR and Bengaluru. For more information, visit: https://blu-smart.com/

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New Delhi (India), May 19: The London Institute of Banking & Finance (LIBF) – a 140-year-old prestigious institution which offers excellent and customised training programs for banking & finance professionals, has launched its India operations for better growth and career progression for aspiring professionals.

Sharing views on the launch of the India operations, Alex Fraser, CEO of LIBF, said, “With the introduction of fintech, easy access to capital and India’s rising entrepreneurial spirit, Banking & Finance industry is undergoing a massive revolution. The sector is witnessing fundamental changes to the fabric of BFSI, which calls for better educational prospects for young professionals.”

“As a global professional institution, LIBF is backed with the right experience, insights and learning to empower the sector and communities in this space”, added Fraser.

As a premier institution for financial education, LIBF India will offer a range of professional and executive qualifications, certificates and customized training solutions – allowing participants to thrive in a dynamic business environment. The programmes will focus on the holistic development of professionals to create the next generation of capable banking and finance professionals in the Indian subcontinent.

All professional qualifications and executive programmes cover diverse subject matters like international banking, fintech, risk management, AI in banking and finance, sustainability in banking and digital transformation. The programme also includes micro modules, and bespoke executive training solutions, which are offered through integrated learning with online classes, webinars, podcasts and self-study options.

Sumit Mehta, Director of Indiaedge education, said, “We are excited to partner with a global institution like LIBF to offer specialized educational programmes in the Banking & Finance space. This association will provide Indian professionals across industries to upskill, add newer dimensions and enjoy professional growth. With the rising demand for new-aged qualified professionals, the Indian Banking & Finance sector is poised for expansion and is estimated to set a new benchmark ahead.”

“Our integrated techno-functional programs will enable the modern-day banking and finance professionals in India to develop new capabilities, to offer better products to consumers, empower reach and contribute towards the overall development and contribute to national growth”, added Mehta.

About London Institute of Banking and Finance (LIBF)

With its roots in the City of London, LIBF is an internationally-recognized professional body with a 140-year heritage – providing outstanding education to support those working within the banking and finance sector worldwide. LIBF’s focus is on lifelong learning, equipping individuals with the knowledge, skills and qualifications to achieve their career and life goals.

About London Institute of Banking and Finance (LIBF) India – https://libf.in/

LIBF in India is being represented by Indiaedge Education Pvt Ltd., incepted in 2023. With the sole purpose of imparting training to banking and finance professionals, LIBF India will offer a range of professional and executive qualifications, certificates, and customized training solutions.

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Plan N Progress, the leading financial management website in India, focuses on empowering readers with tips on managing finances, financial risks involved, and investing surplus finances available for optimizing their yield to serve users with the best advice to grow their finances.

Established by a richly experienced banking professional eight years ago, the website teaches readers how to invest their time, knowledge, and money to achieve their goals. With every article, Plan N Progress strives to exceed the expectations of both young and senior citizens of India with financial planning, goal setting, and exploring alternative avenues to optimize their risk and return portfolio.

Plan N Progress, India, leading financial management blog, is committed to planning an economic future and promoting peaceful and prosperous living. The website features important insights on personal finance, financial planning, insurance, investments, news, blogs, tax planning for the financial year, and the union budget. All the website services are available free of charge. A citizen will not have to fill in personal details with the website for entering the website.

With a mission to deliver in-depth articles to inform readers how risk and rewards can be managed with proper financial planning, Plan N Progress excels as the top financial management website in India. The website helps its readers understand how to handle various risks they may encounter and also helps them learn how to invest in surpluses for a better future. To maintain its positioning amongst the leading financial blogs in India, Plan N Progress is committed to keeping its target audience informed with the latest articles on investments such as bank deposits, mutual funds, bonds, and stock investments.

Plan N Progress also provides guidance on tax planning to minimize the tax burden. Its articles specially focused on tax planning are popular with its readers. Tax planning is gaining popularity as it allows individuals to cut unnecessary costs while creating a road map for all readers. They can walk this road with discipline and dedication to achieve financial goals. The website also offers the latest news and information on the Indian financial system, including insurance.

Plan N Progress sincerely hopes to inform its readers of the vital role of financial planning and risk management tools. Our vision is to spread knowledge to help individuals realize their dreams. Each article we publish on our website aims to guide readers to create their path for attaining their goals. We understand the road blockers our readers may encounter during their journey and teach them how to surmount such obstacles says the Founder of Plan N Progress, a banking professional with four decades of experience.

Plan N Progress is an acclaimed financial management website in India. Plan N Progress serves as a financial management aid both for young and senior citizens who want to grow rich in a planned way over the years. Launched in 2014, the website offers personal finance, financial planning, insurance, investments, news, blogs, tax planning for the financial year, and union budget insights.

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New Delhi (India), May 4: Pranshu Ranjan is a visionary leader dedicated to empowering youth through financial independence. With a passion for creating positive societal change, he has been instrumental in implementing initiatives that provide young people with the tools and resources they need to achieve financial autonomy and success.

One of his core beliefs is that financial independence is a key component of overall empowerment. Pranshu Ranjan aims to break the cycle of poverty, promote economic growth, and foster sustainable development in communities by equipping young people with financial knowledge, skills, and opportunities.

Through various programs and initiatives, he has been working to empower youth to take charge of their financial future. These efforts include financial literacy programs, entrepreneurship training, job skills development, and access to financial services such as savings accounts, credit, and investment opportunities.

Pranshu Ranjan recognizes that financial independence is not just about providing young people with financial education and resources but also addressing systemic barriers and inequalities that limit their access to economic opportunities. This may involve advocating for policy changes, promoting gender equality, and creating inclusive financial systems that cater to the needs of marginalized communities.

Pranshu Ranjan’s work has positively impacted the lives of countless young people, equipping them with the skills, knowledge, and resources they need to become financially independent and lead meaningful, productive lives. By empowering youth through financial independence, he is creating a ripple effect of positive change, transforming communities and building a brighter future for future generations.

He believes achieving financial freedom involves increasing active income, making wise investments, and diversifying passive income sources. To maximize growth, one must carefully research the relevant sources, sectors, platforms, and skill sets needed for active and passive income streams. Mr. Ranjan provides training for active and passive income sources, including guidance on investing in the stock market, real estate, and starting side businesses. His ultimate mission is to empower young people to achieve financial independence through employment, business, and trade.

To achieve this mission, Mr. Ranjan’s initiative collaborates with local businesses, industries, and organizations to create employment opportunities for youth through internships, apprenticeships, and job placement programs. Additionally, the initiative provides career counselling, vocational training, and skill development programs to enhance employability across diverse industries.

The initiative also provides mentorship, training, and access to capital for young entrepreneurs to start and grow their businesses. This includes guiding business planning, marketing, financial management, and access to networks for business support. It also facilitates partnerships between youth-led businesses and established enterprises for mutual growth and learning.

Through fostering youth entrepreneurship, creating employment opportunities, and promoting trade education, Mr. Ranjan aims to empower youth and secure their future. His initiative envisions a brighter future for young individuals, enabling them to contribute to their communities and achieve economic success.

As of today, Pranshu Ranjan has already mentored over 500 individuals to achieve financial independence, while more than 3 lakh people have attended his digital workshops and webinars. Additionally, he has provided guidance and support to over 1000 MSMEs and businesses, helping them achieve profitability and scalability. His dedication to empowering individuals and businesses through financial education and mentorship has made a significant positive impact on the lives of countless people and has driven success and economic growth in the communities he serves.

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New Delhi, April 11 (IANS) Defying the global downturn trend and ongoing layoffs, Indians are now spending a lot more online on purchasing flight and movie tickets and dining out with families, a report showed on Tuesday.

The consumer spending on flight tickets soared by 83 per cent and expenses on hotel accommodations nearly doubled in value in the fiscal year 2023.

Online travel aggregators saw a massive 224 per cent increase in transaction value in the April 2022-March 2023 period, according to the report by full-stack payments and banking platform Razorpay.

The consumer spending on movies saw a whopping 173 per cent growth and the launch of the movie 'Pathaan' resulted in a massive 70 per cent jump in multiplex transactions over the daily average.

The co-working spaces also witnessed a massive 245 per cent increase in transactions while the number of payments made for cab services grew seven times, as pandemic fear eased.

"FY23 has been a year of hope, resilience, and rejuvenation for India, with a sharp growth in transactions across sectors as people rekindled old-forgotten joys of life. It also showed how Indians have embraced the digital age," said Rahul Kothari, Chief Business Officer, Razorpay.

However, the biggest shift was that broadband spends dropped by almost 80 per cent, the report mentioned.

In FY23, the spending on dining out increased by 2.5 times and transaction volumes jumped by 162 per cent in comparison to last financial year.

As per transactions held on Razorpay's offline payments platform, Ezetap, in-store payments grew 88 per cent by value and transactions more than doubled in number across most metros, the report said.