A Layman’s Guide to Personal Finance/Investing

      This blog is written considering people who have elementary knowledge on personal finance but enthusiastic about starting fresh towards the rewarding journey of investment. They should try to follow below simple steps to begin with,
1.First analyze your income and expenses thoroughly, not only your big-ticket expenses like EMI, but even minute details like laundry expenses which will give you realistic picture how well are you managing your income and expenditure.

2.Create an emergency fund which should be no less than 3 months’ of your monthly income. This will act as a primary cushion for unemployment or unavoidable circumstances.

3.Buy Family floater plan for you and your dependents even if you have an insurance from your company. This will be very helpful when you are out of job or even for buying individual coverage at a later stage of life.

4.Buy a term insurance plan for your dependent to protect your family from any hardship in future in your absence.

5.Try to increase your i…

A Layman's View on PSU Consolidation

Consolidation of Public Sector Banks – Will it serve any purpose?
Yes, definitely. The suggestion of consolidation among PSBs has quite old history. Narasimham Committee Report in 1991 (NC-I), recommended a three tier banking structure in India through establishment of three large banks with international presence, eight to ten national banks and a large number of regional and local banks. Narasimham Committee Report in 1998 (NC-II) also reiterated the recommendations on NC-I.
Few strong arguments for Consolidation can be given below:
1. Indian banking sector is highly fragmented. PSBs mostly competing with each other as they have same business model, products and segments. Herfindahl-Hirschmann Index (HHI)1 for Indian banking sector stands at 545.2, reflecting low levels of concentration. It will also enable geographical diversification, increase in market share and penetration to new markets, and help promote international acceptance and recognition.
2. Need for huge Capital base to Man…

Top Three Entrepreneurship Courses in India

The enthusiasm for entrepreneurship is ever growing. However though it is debatable whether formal education really is a prerequisite to be an entrepreneur, we can at least say there is no harm if you start your entrepreneurial journey with some formal education about business.
There are plethora of choices exist now for entrepreneurship courses, I am highlighting few of those which have created their marks already. SIBM  2 Year MBA in Innovation and Entrepreneurship – This is a formal full time MBA course taught in the same prestigious SIBM Pune campus. Aspirants have to appear for  CAT, however general cutoff for this course is much lower (65% - 75%) compared to SIBM Pune’s flagship MBA BM course where cut off is around 98%. Course fee is around 15 lakhs and no placement is provided to the students to encourage entrepreneurship. TISS  2 Year MA in Social Entrepreneurship – This is one of the most sought-after full time course on Social Entrepreneurship started by one of the most resp…

When You are Without a Job

Co-Parenting With Alexa

The division between Science Fiction Movies and reality is getting thinner with every passing day thanks to AI and Machine Learning! For our children questions won't be " Should we trust Robots"? but "Do we trust them too much"?

Free Courses on Blockchain, AI and Machine Learning

Though free, the below websites/materials are very useful for gaining knowledge related to recent technical developments, try these for free,




4. Machine Learning - Stanford University by Andrew Ng (One of the best)

5. Edx - Introduction to AI - Azure by Microsoft


Good Business Resources

Here are few excellent websites for business savvy users,

1. BusinessWeek
2. Economist
3. MIT Open Courseware
4. and suggested books,
7. Crackverbal