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Finance by definition is the creation and study of money, assets, liabilities, wealth, banking which make up the financial system. The more vital section to it is financial planning which requires knowledge of financial instruments, laws and regulations and the impact of its implementation on your finances. At InformalNewz.com, we cover all the latest finance news so that you have the easy access to all the latest happenings in the Stock/Share Market, Banking sector and more. It is such a universe and a complicated one where it stretches from infinity to infinity without on knowing where to stop. Finance can be broken down into, corporate finance, which includes management of assets liabilities and wealth. Personal finance includes activities of individual like planning investments, savings and retirement. Public finance is a macro-oriented category, which incorporates government expenditures, budget procedures, stabilization policies and government concern. Another, lesser known division is Social Finance which includes investment in a social project wherein investors not only generate monetary profits but also social gain, say, funding local entrepreneurs in less developed countries. Now the question comes – Is Finance an Art or a Science? I would say “Both”. Finance, as a field spreads and has roots in statistics and mathematics. Also, as management is an important part of finance it is an art and skill which is learnt by knowing how the complex financial instruments work, which again has financial theories and formulas. Financial apprehension is crucial to interpret and decipher as to what is going around the in the economy and across globe and what impact it is going to have on your life. To understand the intricacies of it requires basic financial literacy, which will have a profound impact on consumers and their ability to provide for their future while avoiding the pitfalls of debt. Recent changes to the financial system are making it even more imperative that individuals understand basic finances. To back this up we can see that, in past generation, cash was used for every purchase. Today, cash is rarely used. Financial institutions are inundating consumers with credit opportunities and other sources of transactions – the ability to apply for credit cards and other virtual money – and without the proper knowledge, it is easy to get into financial trouble. However, do not sweat it out! At InformalNewz.com, we cover the latest Finance News, Stock/Share Market News, and investment analysis, mutual funds, banking news, M&A, Entrepreneurship, management, investors and strategy besides tracking the economy of the world. Also, expanding it to Private Equity, Venture Capital, IPO, funding and deals and their transactions. We aim to connect decision makers to a dynamic and enterprising network of ideas, insights and information.

Black money crackdown: As Income-Tax Dept targets Benami property assets and deals, here are...

The Income Tax Department is now scanning the income tax filings of individuals and corporates to ascertain unexplained credits and might even invoke the...

Delinquencies in commercial vehicle loans, homeloans to stay stable in 2018, says report

The delinquency rate in commercial vehicle loans and home loans are likely to remain stable in 2018 aided by healthy economic growth, says a...

10 important things you need to know about tax saving fixed deposits

As per the present income tax laws, under Section 80C of the income tax act, you can claim deduction for investments up to Rs...

Tax Benefits Available to Senior Citizens

Articles Discusses Income Tax Benefits Available to Senior Citizens in India. A person becomes senior citizen under Income Tax Act in any year after...

Next on Modi’s list? Mandatory Aadhaar linkage with property

When Prime Minister Narendra Modi announced demonetisation to fight black money, a valid criticism was that the black money is hoarded more in immovable...

Aadhaar-linked seamless air travel from next year

NEW DELHI: Come 2018 and domestic flyers out of Kolkata, Ahmebadad and Vijayawada will whiz through airports if they link their Aadhaar number to...

How to withdraw PF and EPS money after leaving your job

After resigning from a job many individuals do not get their provident fund (PF) transferred from the previous employer to the new employer. People do...

Government approves launch of National Nutrition Mission

NEW DELHI: The government has approved the launch of the National Nutrition Mission (NNM) to tackle the problems of under-nutrition, low birthweight and stunting,...

How safe are your deposits if your bank fails? Read about the bail-in option

The Centre's proposed Financial Resolution and Deposit Insurance Bill (FRDI), which is aimed at plugging bankruptcies in the financial services sector, includes a special...

DoT allows call-based number re-verification

EW DELHI: Mobile phone users will have to wait until January 1, 2018, for the comfort of re-verifying their mobile numbers through Aadhaar, without...

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