ArthikDisha – A Personal Finance Blog.Spreading Financial Literacy.

ROPA 2019 Gratuity Arrear Calculation w.e.f 01.01.2016

By / Home, News
WB ROPA 2019 Gratuity Arrear Calculation

Learn How to Calculate ROPA 2019 Gratuity Arrear w.e.f 01.01.2016 The Pension Branch, Finance Department of Government of West Bengal vide Notification No: 536-F(Pen) dated 1st October 2019 has superseded the provisions of old Notification No:201‐F(Pen), dated 25.02.2009 regarding payment of Death cum Retirement Gratuity. This new Notification No: 536-F(Pen) states that the maximum amount …

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WB ROPA 2019 Salary Calculator w.e.f 01.01.2020

By / Home, News
WB ROPA 2019 Salary Calculator w.e.f 01.01.2020 1

*WB ROPA 2019 Highlights*
• WB ROPA 2019 is applicable from 1st January 2020.
• Pay has been fixed notionally from 01.01.2016.
• No arrear salary has been announced here.
• No DA has been announced here.
• New revised HRA has been set to 12%.
• Maximum HRA allowance is capped at Rs.12000.
• 2.57 Multiplier factor has been taken into consideration.
• Medical Allowance has been increased to Rs.500.
• Default increment is set to July every year.

What is A GDR or Global Depository Receipts

By / Financial Management, Home
Global-Depository-Receipts-Mechanism

Global Depository Receipts Meaning, Features Global Depository Receipts or GDR means negotiable instruments issued by a domestic company in the abroad to raise funds in the home country. A Global Depository Receipt is generally denominated in US Dollar terms. So in simple terms, it can be said that under the Global Depository Receipts arrangement, a …

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Don’t Buy Home Loan Insurance Plans-5 Best Reasons

By / Home, Insurance Planning
Home Loan Insurance Plans

Home Loan Insurance Plans or Home Loan Protection Plans
• Are home loans insurance plans worth buying while taking a home loan?
• Does a borrower deserve losing an existing home loan insurance plan while transferring his home loans to a new lender for getting best interest rate?
• Can a lender forcefully sell me a home loan insurance plan at the time of taking a home loan?
• If you have to secure your home loan at any cost, why don’t you sell us a Term Insurance Plan, which is more cost-effective?
• Does taking an HLIP or HLPP relieve us from mortgaging our property to the lenders?

Interest Rate Swap/Example/Valuation

By / Foreign Exchange Management, Home
Interest Rate Swap-ArthikDisha

What is an Interest Rate Swap? How to value Interest Rate Swap? Interest Rate Swap is a forward contract or agreement between two or more parties to exchange interest payment obligations in the future. This agreement clearly defines when the cash flows are to be exchanged and the manner of their calculations by taking into …

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Indian Mutual Fund Industry 2019 – 5 unknown facts

By / Home, Mutual Funds
BSE Sensex last 20 Years PE Ratio Data- Indian Mutual Fund Analysis

Indian Mutual Fund Industry Analysis. 5 crucial facts you must know. Indian Mutual Fund Industry is going through a very tough phase for the last couple of months, specifically for the last 12 months or so. The Assets Under Management (AUM) of the Indian Mutual Fund Industry reached ₹24 Trillion in 2018. Everyone was hoping …

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