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Our perceptions of the world around us are increasingly being transformed by the blockchain sector. The digital mantle has now been taken up by both art and artists. Non-fungible tokens (NFTs) are the newest addition to the blockchain asset category, backed by celebrities and coveted by investors alike. Making NFTs out of any digital asset is the latest trend. Different blockchains may be used to create NFTs that can subsequently be sold on any marketplace. When these NFTs go live, they can only be purchased using the blockchain's native tokens. Once they've generated buzz and interest, these NFTs, which are often based on unique and fascinating ventures, may be sold for a healthy profit. By 2022, India's most important NFT markets will include: Wazirx: People may now sell their NFTs on Wazirx's new NFT marketplace. Wazirx was previously endorsed as a cryptocurrency exchange. BeyondLife.club: After the debut of Bollywood actor Amitabh Bachchan's NFTs, the first platform that offered NFTs to Indians came to light. Always First: In this marketplace, NFTs were introduced that described the spectacular career and life of Sunil Gavaskar. It is a departure from other NFTs in that it depicts the life of Gavaskar. Bollycoin: Celebrities are preparing to launch their NFTs at an alarming rate. Salman Khan and Sonu Sood are just two of the prominent names that have used the Bollycoin NFT marketplace to establish their own NFT currencies. RARIO: In the wake of the NFT frenzy, cricketers are now taking use of it by introducing their own NFT tokens. NFTs may be launched through RARIO's marketplace by cricketers all over the world. It's more beneficial to learn about worldwide platforms that enable you to invest and participate in NFTs than our own domestic platforms. NFT Stars: Those looking to purchase NFTs based on the AVAX and Ethereum blockchains will find a home at NFT Stars. It is possible to purchase some of the greatest digital art and paintings on the market If you're interested in launching your own NFT market, this platform offers a white labelling solution. Blockparty: NFT marketplace and retail platform Blockparty is widely used by artists (individual and corporates). This platform is popular by both buyers and sellers because of its user-friendly interface and wide range of purchasing and selling options. It doesn't matter if you're a digital artist or if you're just interested in buying and selling NFTs. VeVE: You should use VeVE if you're concerned about your brand's image. One of the finest NFT collection launches was hosted by VeVe, an application-based NFT marketplace where the best companies present their digital collections. Patrn: Innovators may present their NFT concepts to the community. Donations to the crowdfunding accounts of these artists in turn support their work. Once the funds have been raised, the developers will turn their attention to the development of the NFTs. Using this platform, you may share your digital artworks with the world and receive exposure for your work. SolSea: Similar to OpenSea, SolSea is a Solana-based marketplace This page is for those who are interested in investing in NFTs that are housed on the Solana blockchain because of its speed and low costs. NFTs created on this platform can include copyright licences embedded in them. WazirX NFT: Trading in NFT on WazirX, a well-known Indian cryptocurrency exchange and trading platform aims to make it easier for Indians interested in NFT to acquire or dispose of their holdings. Crypto.com: Blockchains and cryptocurrencies are a common theme in most NFTs. By staking your cryptocurrency, this platform offers a unique card that works like a credit or debit card. An international audience may easily locate amazing projects, purchase them, and save them thanks to one of the early NFT markets. OpenSea: Ethereum-based NFTs may be sold on the OpenSea NFT marketplace, which is the largest of its kind in the world. NFTs have become a popular investment vehicle because of their high returns. NFT investments can be made on any of our platforms if you're interested in diversifying your portfolio.

Every retiring employee receives a letter from the Employees' Provident Fund Organization (EPFO) with the information of the Pension Payment Order (PPO), which is used for the provision of pension and the distribution of pension. Any correspondence with the Central Pension Accounting Office must include this number (CPAO). Having a PPO number makes it easier to get the pension. It is also vital to provide this PPO number when filing a life certificate every year. A PPO number serves as a point of contact for all correspondence with CPAO. Each pensioner and family pensioner will have their own 12-digit PPO number, which will serve as a point of reference in all communications with CPAO. Only the 12-digit PPO number is recognised by the CPAO database, so pensioners may check on the status of their benefits and file complaints. To date, CPAO has no record of pensions approved by different government departments prior to January 1, 1990. Pensioner information can be submitted by the PAO of the pensioner's parent office or the relevant CPPC with authenticated photocopies of old pension documents in order to create a record in the CPAO computer database of such pensioners and get a 12-digit number. A guide to understand the PPO number PPO Issuing Authority's code number is the first five digits, followed by two digits for year of issuance, four digits for sequential PPO numbering, and the last digit is a check digit for computer purposes. Know your PPO status. The "know your status" link may be used by anyone to find out the current status of any PPO. Additionally, pensioners may now obtain copies of their PPOs and subsequent revisions from the CPAO website, www.cpao.nic.in, using their login and password after registering on the CPAO website. If you lose or forget your PPO number, you may quickly locate it using your bank account number or your Member ID at any time. These steps can help you locate a lost PPO number: First, go to the EPFO website – www.epfindia.gov.in – to learn more about your benefits. Second, click on the 'Pensioners Portal' option ( left side of page under Online Services) Please click 'Know your PPO No.' in the Welcome to Pensioners' Portal section on the next page. This field allows you to input the pension account number. You will get your PPO Number, Member ID, and kind of pension after submitting. This site (https://mis.epfindia.gov.in/PensionPaymentEnquiry) can also be accessed directly. You may find out more about your PPO details on a separate website dedicated to pensions. Here, you have access to four services, including - Jeevan Pramaan Enquiry, Know your PPO No., PPO Enquiry/ Payment Enquiry Know Your Pension Status

Employees who participate in an Employee Stock Ownership Plan (ESOP) are given the opportunity to hold a stake in the company. It is up to the employer to decide who can take advantage of stock ownership plans that are offered as direct stock or profit-sharing plans or incentives. Employee stock ownership plans, on the other hand, are simply options that may be acquired at a predetermined price before the exercise date. In order to give Employee Stock Ownership plans to their employees, businesses must follow the laws and restrictions laid out in the Companies Rules. How do ESOPs function? After the option period, a firm provides ESOPs to its workers in order to purchase a particular number of shares of the company at a certain price (a certain number of years). Prior to exercising stock options, an employee must complete the pre-determined vesting time, which requires that the employee work for the company until some or all of the stock options may be exercised. Why does the company give its employees ESOPs? Employee stock ownership plans (ESOPs) are frequently used by companies to attract and retain top talent. The stocks are frequently distributed in a staggered way by organisations. For example, a firm may give its employees stock options at the end of the fiscal year as a way to reward them for sticking with the company. Employee stock ownership plans (ESOPs) are offered by companies with a focus on the future. Increasingly, firms want to keep their employees on board for the long haul, but they also want to make them shareholders. Companies in the information technology sector are experiencing worrying turnover rates, which might be reduced by the implementation of employee stock ownership plans (ESOPs). To entice top personnel, start-ups issue shares of their company. Often, these groups are short on funds and can't afford to pay high wages. Because of this, they are able to provide a competitive salary plan. Employee stock ownership plans (ESOPs) allow employees to buy stock in their firm for a minimal price, and then sell those shares at a profit at the end of a certain time period. There have been a number of examples of employees making a fortune alongside the company's founders. When Google went public, it made a huge splash. Everyone from Sergey Brin and Larry Page to the company's stockholder workers made millions as a result of their company's success. ESOPs' Tax Implications It is considered a perk for employees to participate in Employee Stock Ownership Plans (ESOPs). Employee stock ownership plans are subject to the following two types of taxation: – As a condition of participation in physical activity. The difference between the FMV on the day of exercise and the exercise price is taxed as a perquisite when an employee exercises his option. In the form of a capital gain. After purchasing shares, an employee may decide to sell them. He would be subject to capital gains tax if he sold these shares for more than their FMV on the exercise date. Based on the length of time the asset was held, capital gains would be taxed. From the date of exercise through the date of sale, this time is counted. Long-term capital is defined as equity shares that have been held for more than a year on a recognised stock exchange. if the stock is sold within a year, it is referred to as short-term stock. Long-term capital gains (LTCG) on listed equity shares are now tax-free. Sale of equity shares held for more than a year on or after April 1, 2018, will be subject to a 10% tax and a 4% cess under the most recent budget changes. There is a 15% tax rate on short-term capital gains. Benefits to the employer of ESOPs An organisation may grant its staff stock options as a means of motivating them. It would be an incentive for the employee to put in his or her full effort if the company's share prices went up. In addition to employee engagement, retention, and recognition, ESOPs also provide a number of other benefits for companies. With the use of ESOP alternatives, companies may prevent rapid cash loss by avoiding monetary compensations as an incentive. If a company is growing or beginning a new firm, ESOPs are a better alternative than monetary awards. Employers difficulties with Employee Stock Ownership Plans (ESOPs) ESOPs are straightforward to sell to corporations that are looking at their liquidity and succession options. There are, nevertheless, a number of compelling reasons not to use Employee Stock Ownership Plans. Plans for employee stock ownership are quite complicated, necessitating extensive monitoring. Although ESOP TPA (Third Party Administration) businesses and external advisers might fulfil this job, the ESOP company needs certain internal individuals to be the program's champions. There might be challenges and potential breaches if a firm doesn't have enough personnel to effectively implement the ESOP. In order to properly administer the ESOPs, the corporation must hire third-party administrators, trustees, valuers, and attorneys. The costs of running a business must be taken into consideration by the company's owners and managers. Over time, the company's cash flow may limit its ability to make long-term investments in the firm, which is not ideal for an ESOP programme. ESOPs should be avoided by enterprises that require a considerable amount of new money to continue operating. Stock purchases by employees through employee stock ownership plans (ESOPs) are funded by the company's operating cash flow. This would put the company's management in a delicate situation if it needed extra operating cash or capital expenditures, which would be made impossible by ESOP transactions.

Because of the rapid gains they provide, cryptocurrencies have attracted a great deal of attention from throughout the world. As more countries begin to use cryptocurrencies in everyday transactions and daily spending, more individuals across the world are interested in learning new methods to use cryptocurrencies beyond than investing. Crypto Cards- One of the most innovative banking and financial innovations is crypto credit cards. Consider a credit card that allows you to make a purchase and then pay it back over a certain period of time. A credit card with a cryptocurrency as the underlying currency is called a crypto card. When you use a credit card, you accrue miles and reward points. With a crypto card, you can do the same with cryptocurrency. Crypto debit cards, which work much like bank debit cards, are also an option for cryptocurrency owners. As long as the establishment accepts cryptocurrency, these cards can be used to make payments. The prizes are also given out in cryptocurrencies such as Ethereum and Bitcoin. Keep a close eye on your spending- Keep in mind that crypto cards are like traditional credit cards in that they charge hefty interest and late penalties if you fail to pay them back on time. Additionally, these cards will contribute to your credit score. Traditional credit cards include annual fees as well. If you don't pay back your crypto credit in a timely manner, it might cost you dearly. Crypto credit card terms and conditions are critical to your financial well-being. Some Popular Crypto Credit Cards- BlockFi Bitcoin SoFi Credit Card Gemini Credit Card Crypto.com Visa Card Nexo Some Popular Crypto dedit Cards- Wirex Debit Card Coinbase Debit Card Crypto.com Prepaid Debit Card Binance Debit Card Nexo Debit Card Aside from that, with so many cryptocurrencies on the market and their accompanying crypto cards fighting for your attention, it makes sense to just have one after learning enough about its legality, utility, and costs involved.

Flexi and sweep in fixed deposit facilities can give a simple approach to achieve greater returns on your deposits in a savings bank account. However, if the facilities are not used efficiently, you may not obtain the required return. In other words, if you make withdrawals often from your savings account which is coupled with flexi and sweep in fixed deposit services, you will lose out on interest. Further, this will also confuse the computation of the returns, making it harder to compute how much interest you have actually managed to earn during the year. Flexi Fixed Deposit- A flexi-fixed deposit is a type of deposit that is offered by banks, and it is a specific sort of deposit.The depositor must manually add money to their deposit account in a flexi-fixed bank. A flexi FD provides the liquidity of savings accounts while also providing the high yields of fixed deposits to the depositor. Unlike a sweep in deposits, where any money over a certain threshold is automatically swept into a fixed deposit, depositors must actively create a flexi account for the chosen duration. Sweep-in deposits, on the other hand, automatically remove funds when the savings account balance falls below a certain threshold. Sweep-in Fixed Deposit- This feature is offered by banks to their clients, in which a customer's savings account is connected to the customer's fixed deposit account. Saver must establish a money transfer limit for the duration of time in order to use this feature (the tenure of the deposit is normally one year but it can vary and go up to five years, and the interest rates can vary accordingly). The surplus amount in the connected fixed deposit account is automatically transferred when the balance in the linked savings account exceeds that limit. This may be the case if, for example, you've linked your savings to your Sweep in FD account for the next year. Sweep in is a new feature that allows you to specify a limit (say, 50,000) above which any money would be immediately sent to your FD account. Assuming your current balance is 40,000, and you moved 30,000 from a customer to your savings, you now have a total of 60,000 in your account. In this situation, your bank balance will climb to 70,000, which is 20,000 more than the maximum you had set. Consequently, the bank will send the extra 20,000 to your connected FD account instantly. How to efficiently use these facilities Even while flexi-fixed deposits and sweep ins offer superior yields and liquidity, they're particularly handy for building up emergency savings. Sweep in deposits,  offer flexibility, but they should only be used if the depositor is able to keep cash over extended periods of time and isn't involved in an excessive number of transactions. While the majority of banks do not charge a penalty for auto-sweep FDs, the service should be utilised prudently. This is because each time your income is deposited into an auto-sweep savings account, the excess over the MAB is transformed into one or more fixed-rate deposits. As you pay for various costs during the month, the savings account balance depletes, and some of your FDs are liquidated to fund the savings account. If you make frequent withdrawals from your FD, regardless of how much money you deposit, you will forfeit interest. This is because interest is computed on the basis of the number of days the FD was held by the bank. Thus, if the term of the FD was one year but you withdrew funds within 45 days, the appropriate interest rate will be 45 days.

Even though February it is the shortest month of the year, the amount of love that is shared at this time is the greatest. Valentine's Day falls in the midst of the month, making it a particularly romantic one. It is also an excellent moment to show your love with money as well as your feelings. We refer to financial love as protecting the futures of ourselves and our loved ones. A family's financial well-being may be enhanced through safeguarding, developing, and expanding its assets. The first step is to figure out what the couple's end aim is. To do this, they will need to pool their resources and develop a cohesive strategy for realising their goals. In this case, we're talking about a young couple, so they've got the luxury of time to think large. Maintaining a modest lifestyle is an essential component of pursuing your dreams and realising them. Prior to making any major purchases, you should begin saving for your goal. The correct investment product may help a family's wealth grow even if only one of the partners is employed full-time. Few investment strategies are mentioned below: Family Insurance The breadwinners of the family need to be insured in order to secure the family's income stream in the event of their death. Insurance is not a good way to save money for children. Therefore, health insurance is critical for the entire family's well-being. A family's ambition might be shattered by an unexpected occurrence, and it may take years to recover. Investing for Prosperous Future Dreaming about achieving each of their life's goals is the first step, but figuring out how to do it is where the acumen lies. Invest in assets that will both safeguard and increase your money. Invest according to your age, which means starting with a risky asset and shifting your attention to capital preservation as you become older. Investing with a Plan Make sure there are no holes in the system as you plan your investments. Taking advantage of rebates and discounts might help you save money. This will not only cut our tax burden, but it will also serve as a valuable source of cash in the long term. The couple's financial savings strategy should incorporate tax planning investment items. Be Cautious before taking Loan Only borrow when absolutely necessary. Things that you don't really need might lead to you having to sell those that you do. Spend prudently and just on things that will rise in value, and you'll save money in the long run. A tax-advantaged home loan is a smart investment. Taking the first step as a pair on Valentine's Day is a great way to begin your journey together. With several difficulties on the way, the largest of which are pecuniary in nature, the family's future is at stake. The couple may overcome the stress of not having enough money by planning ahead and taking action as soon as possible.

International investing may be a more effective means of achieving portfolio diversity for some investors. When it comes to investing abroad, investors search for more than just native stocks. One of the easiest ways to achieve this is through mutual funds. Investments in foreign shares through mutual funds are now suspended due to the Sebi's $7 billion restriction, which is anticipated to be increased in the near future. It is possible to invest in individual stocks or ETFs directly by an experienced investor. The direct stock choosing method and its contrast with the mutual fund method are discussed in this section. Certain Indian brokers/platforms have partnered with overseas brokers to facilitate direct investing in foreign markets. Services such as Vested, Stockal, and Groww enable users to invest in overseas markets. Another possibility for the investor is to create an account directly with a foreign broker operating in India. Users must, however, verify that the foreign broker is a member of the Securities Investor Protection Corporation (SIPC), which guarantees the user's account up to $500,000 in the case of the broker's bankruptcy. Prior to initiating international trading, consumers should be aware that fees will apply to funds moved from their Indian bank account to their foreign bank account. Additionally, the majority of Indian trading platforms enable users to engage in fractional investment, which allows them to purchase a fractional value of a stock regardless of its price. Direct Investment in Foreign Equities: The RBI's Liberalised Remittance Scheme regulations apply to direct investment through a broker. An Indian citizen can only invest up to $250,000 per year in this program. Mutual funds are not included in the plan since they are considered domestic investments by an Indian investor. Furthermore, the cost of mutual fund investments is consolidated into a single ratio. The bank charges for moving and remitting funds, as well as the brokerage fees associated with each transaction, apply to direct trading. Remittances above Rs 7 lakh in a financial year may be subject to 5% TDS. Tax on Direct Investing in Foreign Equities: When made directly, foreign equity investments in mutual funds are taxed as unlisted shares whereas they are treated as debt funds by mutual funds. ITRs for direct transactions must include the specifics of the financial assets bought. If an Indian investor dies and his or her money is transferred back to India, inheritance tax will be applied to the money invested in foreign stocks. This is important to keep in mind if one were to do direct investing.

The Union Budget mandating – 30% capital gains tax, 1% tax deductible at source (TDS), and the inability to offset or even carry forward losses puts Crypto industry in a precarious situation. Moving from a 10-year imprisonment and a Rs 25 crore penatly in the 2018 Bill to a regular tax system is a huge relief. So, while this acknowledgment is a positive development in general, the way the taxes have been proposed suggests that the government has rushed into this decision. This may result in the loss of new prospects and industry participants in this arena, which global tech leaders are pursuing vigorously. Any tax policy must be reasonable to the country's citizens and encourage them to report their assets accurately. Given the small number of taxpayers and the availability of good tax advisors, a flat rate of 30% may encourage people to find ways to circumvent these onerous tax regulations. Because, most investors in the market have holdings of upto Rs 1 lakh, a tax rate of 10-15% would have been preferable. An easy fix would have been to employ the existing tax slabs based on income levels. However, not all of the measures in the Union Budget will be implemented by April 1, 2022. Some will commence on July 1, 2022, while others from April 2023. Another key fact is that cost of acquisition have not been included for existing crypto miners or future business opportunities, such as 'Nodes as a Service,' which is a huge potential market for the industry. This is a significant omission because India is regarded as a global IT hub due to its vast talent pool and infrastructure. It has the potential to become a "multi-billion dollar" market. We are at a crossroads that could result in a significant loss of opportunity, potentially changing the prospects of its people and the economy. Such tough standards and disparities are a clear negative signal for global corporations and crypto exchanges. According to new regulation, What's disappointing is that although start-ups are initially exempt from paying taxes. However, cryptocurrencies based start ups, which will be at the forefront of the Web 3.0 ecosystem, will be heavily taxed. To be honest, discouraging young entrepreneurs isn't going to propel India to new heights. It would encourage them to migrate to friendlier regime, boosting their economy. India is a potential market for crypto sector because of its vast population. However, compliance with the Goods and Services Tax (GST), TDS compliance, and a high tax rate may make it appear difficult for international entities and exchanges to invest in India.Around 10,000 young Indians are currently employed by Indian exchanges and crypto-focused enterprises. Furthermore, Indian programmers and developer are being offered a plethora of opportunities from all over the world. Hopefully, New legislation will consider all of these factors into account and provide sufficient room to the industry for its growth and development . Now is the time to act and, It is crucial that we board the bus before its too late.

To assist small company owners, the RBI has reduced the requirements for opening current accounts with less than 5 crore in loans and overdraft. Banks are now free to offer current accounts, cash credit, and overdraft facilities to these clients, provided they get an assurance from the consumers that they would notify the banks if the total credit and overdraft reaches 5 crore. Simultaneously, borrowers with exposures above 5 crore rupees can retain a current account with any of the banks with which they have an overdraft capacity. However, the sole stipulation is that these institutions own at least 10% of overall banking exposure. If no bank has a 10% or more exposure, the bank with the greatest exposure may create a current account. The RBI also waived limitations on banks opening inter-bank accounts, accounts with organisations like as NABARD, NHB, EXIM Bank, and SIDBI, as well as accounts attached by government and investigative agencies. Current Account- A current account is one that is kept by business people who conduct a high volume of transactions on a daily basis. In contrast to a savings account, which allows only a limited number of transactions, a current account allows unlimited withdrawals and deposits. It was announced in August 2020 that the central bank was implementing new criteria for the establishment of current accounts, which meant that only banks with at least 10% of total borrowing may open current accounts for borrowers. Other lending institutions are no longer allowed to operate collection accounts, according to the banking authority, which stipulates that payments put in these accounts must be returned within two days of receipt.

RBI Governor Shaktikanta Das said on Thursday that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has held the repo rate constant at 4% for the tenth time in a row . After a unanimous 5:1 vote in favour of keeping interest rates at their current levels, the central bank's governor indicated that the reverse repo rate had also remained constant at 3.35 per cent. The (Marginal Standing Facility) MSF and bank rates stayed steady at 4.25 percent. Following the Budget 2022-23 presentation in Parliament on February 1, this is the first MPC meeting since. To stimulate demand, the central bank dropped its policy repo rate or short-term lending rate to a historic low on May 22, 2020, in an off-policy cycle. According to Das, India's economy is on a separate path from the rest of the globe, and the country is expected to develop at the quickest rate year-on-year among major countries, according to the International Monetary Fund. Large-scale vaccinations and continuous financial and monetary assistance have helped this recovery to take hold. Das stated that the real GDP growth for the following fiscal year 2022-23 is expected at 7.8 percent (FY23). Real GDP growth of 9.2% in the current fiscal year (FY22) is expected. The bi-monthly policy is a response to the FY23 budget, which estimates a nominal GDP of 11.1 percent. The budget estimates nominal gross domestic product (GDP) growth of 11.1% in 2022-23, which is in line with the bimonthly policy. The CPI inflation forecast for the current fiscal year 2021-22 (FY22) has been maintained at 5.3 percent, while the retail inflation forecast for the next fiscal year (FY23) has been revised downward to 4.5 percent. CPI for the quarters of FY23 is expected to rise by 4.9 percent, 5.0 percent, 4.0 percent, and 4.2 percent respectively. Though food costs have eased, rising oil prices pose a major risk to the economy's long-term outlook.

In investing, the 60/40 rule states that a well-balanced portfolio should contain 60% of equities and 40% of bonds. This is a tried-and-true formula. On this basis, the long-term return on stock is larger, but bonds provide a steady stream of income. Because of this, things have shifted significantly. Investors may now choose from a wider range of financial instruments than ever before as interest rates fall to record lows. When interest rates were higher in the 1980s and 1990s, the 60/40 rule was a popular strategy. This investing strategy's usefulness has waned in light of current interest rate declines and the availability of alternative investment opportunities. Financial advisors no longer recommend investing 60 percent in equities and 40 percent in bonds, but rather distributing funds over a broader range of assets. Other investment choices to consider include commodities, gold, REITs, and mutual funds, among others. Keeping a portfolio limited to two types of investments was a simple and practical option because there were less sophisticated financial products. Keeping portfolios limited to just two asset classes is no longer sustainable as the financial markets have matured and additional alternatives have become accessible. When using the 60/40 rule, keep the following things in mind: Consider diversifying your portfolio with commodities, gold, and real estate investment trusts (REITs) instead of simply stocks and bonds. This technique doesn't work if bond returns are at their lowest point. It's a bad idea to put 40% of your money into an asset class that pays so little interest. The investor's age is also an important element. A youthful investor in their 20s or 30s may make sense to keep their equity allocation greater than that of an experienced investor. As the investor ages, it is optimal to adjust the allocation. It's important to remember that even as you become older, the percentage of your portfolio allocated to equities should not shrink. Conclusion: We can say that the 60/40 rule of investing has evolved considerably since its inception. In order to maximise their profits, investors are increasingly delving into a wider range of financial instruments, but they aren't neglecting the basics of personal finance in the process.