Monthly Archives:

July 2018

Finance Lifestyle

Why should you buy travel insurance when you travel abroad?

Many view travel insurance as an unnecessary add-on when travelling. People generally believe or are hopeful that nothing can possibly go wrong when travelling, at least not to them! Being optimistic is indeed a very good thing, but taking precautionary measures is always a wiser move. Any mishap while travelling abroad could be really expensive which wastes both time and money with added frustration. Things like cancellation, medical emergencies, damaged or lost luggage could strike without any prior notice. So,…

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Finance Lifestyle

Why, what, and how to teach your kids about Financial Literacy

Today’s economic structure is way more convoluted when compared to earlier generations. Comprehensive financial literacy or at least the fundamentals of it is requisite for both adults and children to cope with the current economic trends. The reality is that most of us would have experienced financial breakdowns or budget deficits resulting from poor decisions at some time or the other. But maybe if as a child we were acquainted with the proper financial knowledge we could have avoided such…

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Global

Power of remittance in enhancing personal and societal development

Worldwide remittances received in the year 2016 was only 0.7 percent of the Global GDP. Despite the low number, it plays a vital role in the progress of many developing and underdeveloped nations. Although such nations are losing its citizens to migration, the remittances are helping their families by increasing the net income and standard of living.   According to a World Bank Report, in the year 2016, the total personal remittances received hit a staggering mark of 532 billion…

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News

Settled Status scheme for EU people who wish to remain in the post-Brexit UK

The UK government unveils details of the “settled status” scheme for EU Citizens who wish to remain in the post-Brexit UK Currently, there are around 3.2 – 3.8 million EU citizens who live and work in the UK. As the UK is about to leave EU, it has developed a special scheme to provide a provisional stay for these EU citizens.  Under the new scheme, EU citizens living in the UK for five or more years before 2020 can apply…

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