If you are planning to take your business to the next level, there will be career threatening risks; but if you are able to manage those risks and calculate the pros and cons of your actions, then your enterprise will be a few steps up the ladder. Enterprise risk management will help you deal with backfiring decisions and control the damage in case it is unavoidable. Following points will help you out.
No matter where a person works or which part of the country one belongs to, financial budgeting is the utmost priority. Saving money for various purposes is the common goal of the population but how to save it is the hardest part. One of the finest ways to increase the status of saved assets is to reduce the spending rates and find new ways to save more money. It sounds very easy but is the most difficult thing to maintain.
Money is one of the most influential weapons we humans have. Money brings about the power to buy, and this power has to be regulated. With money, we can buy amenities, goods and services that are essential as well as luxurious. But money has to be saved to avail benefits. It should not be always splurged. Kids learn about the concept of money by observing their parents and the environment surrounding them. If they see their parents spending money easily, they are likely to learn different things about money saving and spending.
Every one of us has certain dreams that we wish to fulfill. Certain dreams, like buying our dream home or dream car, require some external help in monetary terms. This help is provided to us by banks and financial institutions in the form of financial assistance to an extent. This financial assistance is a loan. Loan is an agreement, in which a lender gives money or property to a borrower and the same agrees to return the property or repay the money, along with interest in the future. Loan provides a large sum of money for the time being, but, with this, we also have to return the money borrowed with interest to clear the debt. Interest rate is the extra amount that the borrower pays to the lender.
As per the recent report which was presented by The World Bank, India, as a country, is set to arise as the world’s fastest-growing economy by the year 2015. The economy of India ranks seventh in the world by nominal GDP and ranks third by purchasing power parity. According to the report, the rate of India’s GDP is expected to grow at 7.5 percent in the year 2015. Due to strong government policies and reforms, RBI’s inflation focus scenario, backed by global commodity prices, has caused improvement in economic fundamentals of the country.
When you enter your pin after having a splendid dinner in your favourite restaurant, do you check your surroundings? After cancelling your transaction in the nearby ATM, do you wait for a minute after the cancellation? After you swipe your credit card in a shopping mall, do you receive a valid message on your phone? If not, then start adopting these measures because you need your money and bank account secured. Identity theft is the new coined word in the world of information and technology rather; cyber world.