FinTech StartUp .com

How Much Data Does Instagram Consume and 5 Impactful Ways to Reduce It! Anushree Shinde

How Much Data Does Instagram Consume and 5 Impactful Ways to Reduce It ! Anushree Shinde

Instagram is a potentially compulsive App

The days when it was only a collection of still pictures of people's dinners and summer vacations are long gone. There are now live streaming, stories, and other services that, if you're not careful, may quickly consume your data plan.

How much data does Instagram actually consume, though?

When it comes to using your internet, Instagram doesn't hold anything back. After all, that platform is bustling with activity. Additionally, data usage is higher than ever because reels have replaced photos and videos as Instagram's most popular content type.

How much data is said to be used by Instagram?

We don't know what to anticipate in terms of data usage through Instagram because there are no official numbers readily available straight from the platform.

The amount of data that Instagram uses depends on a number of variables, including the kind of content you view, how often you use it, and the settings you've chosen. However, the following estimations for data usage for typical Instagram activities:

The data use is really modest when you are just looking through your Instagram feed and not interacting with any of the stuff. It normally fluctuates between a few KB and a few MB every minute.

Viewing Images: When opposed to watching videos on Instagram, image viewing uses considerably less data. A typical photograph may need 200 KB to 1 MB of data, depending on the resolution and compression of the image.

Watching Videos: When compared to photos, Instagram videos use a lot more data. The amount of data used depends on the length, resolution, and compression of the video. Depending on the resolution, a one-minute Instagram video can be anywhere from 3 MB to 10 MB or even larger.

Uploading Media: The amount of data used depends on the size and quality of the images or videos you upload to Instagram. Media files with higher quality will use more data. The data usage for photos can be anywhere from a few hundred kilobytes and a few megabytes. Depending on their length and quality, videos can use several megabytes or more.

It's crucial to keep in mind that these are merely broad estimations and that actual data consumption can change depending on a number of variables. Instagram may also make adjustments or add new features that could affect data use. You can check your device's data usage tracking or consult Instagram's built-in data usage statistics, if available in the app settings, to gain more specific information on your individual data usage.

Five effective techniques to lower platform data usage.

Instagram is primarily a visual platform, thus compressing images and videos is important because they can use up a lot of data. File sizes can be decreased without significantly sacrificing quality by using image and video compression techniques, either inside the app's settings or with the aid of third-party apps.

2. Turn off Instagram's autoplay feature for videos: As you navigate across your page, videos start playing automatically. Disabling this function can help you use less data, especially if you're using mobile data. This choice is available in the app's settings.

3. Limit the video streaming quality: When utilising mobile data, Instagram lets you pick the video quality. The amount of data used can be greatly decreased by lowering the streaming quality. Find the video quality setting in the app's settings and lower the resolution.

4. Limit Background Data consume: Even when you aren't actively using Instagram, the app may still consume data in the background. You can limit Instagram's use of background data in your device's settings to lessen this. The app won't be able to use data while running in the background thanks to this.

5. Use Wi-Fi Whenever Possible: It's recommended to connect to a Wi-Fi network whenever you have access to one rather than relying on mobile data. Wi-Fi connections frequently feature higher data allotments or even unlimited bandwidth, and they are typically speedier. When possible, use Wi-Fi to cut down on your Instagram data usage.

These broad pointers can help you use less data on Instagram. Remember that the precise amount of data consumed can change depending on the material you interact with, how long you use the app for, and the quality settings you select. Regularly checking your data use and modifying your settings are always a smart idea.

👍Anushree Shinde[ MBA]

Business Analyst

10BestInCity.com Venture

anushree@10bestincity.com

10bestincityanushree@gmail.com

www.10BestInCity.com

Linktree:https://linktr.ee/anushreeas?utm_source=linktree_profile_share

LinkedIn: https://www.linkedin.com/in/anushree-shinde20

Facebook: https://shorturl.at/hsx29

Instagram: https://www.instagram.com/10bestincity/

Pinterest: https://in.pinterest.com/shekharcapt/best-in-city/

Youtube: https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/anushree-shinde.html

#InstagramDataUsage, #DataConsumptionAnalysis

#InstagramDataInsights, #DataUsageFacts,

#DataManagementTips, #InstagramDataOptimization,

#DataSavingHacks, #ReduceDataConsumption,

#InstagramDataAwareness, #DataEfficientUsage,

#InstagramDataControl , #DataSavingStrategies

#InstagramDataSavings , #DataUsageAwareness

#InstagramDataLimits , #DataSavingTechniques

#InstagramDataMonitoring , #DataReductionMethods

#InstagramDataEfficiency , #DataConservationTips

Barter Systems in the 21st Century: Adapting and Thriving in a Changing World Aparna Thakur 10Bestincity

The concept of barter, the exchange of goods and services without the use of money, has been around for centuries. Historically, barter systems played a crucial role in facilitating trade and commerce in societies where currency was scarce or non-existent. However, with the advent of modern monetary systems, barter fell out of favor, and cash became the primary medium of exchange. Nevertheless, in the 21st century, barter systems are experiencing a resurgence as individuals and businesses seek alternative means of trade in a changing world. In this essay, we will explore the ways in which barter systems are adapting and thriving in the contemporary era.

The limitations of traditional currency systems

Traditional currency systems have certain limitations that make them less effective in certain situations. In times of economic instability, when currency loses its value, barter can provide a more stable and reliable means of exchange. Additionally, barter allows individuals and businesses to access goods and services that may be difficult to obtain using cash. In this context, barter systems offer a valuable alternative that enables people to trade their skills, assets, and surplus goods without relying solely on traditional currency.

The rise of online barter platforms

The rise of the internet and digital technologies has revolutionized the way barter systems operate. Online barter platforms have emerged as virtual marketplaces where individuals and businesses can connect and exchange goods and services. These platforms provide a convenient and efficient way to facilitate barter transactions, enabling participants to browse listings, negotiate terms, and arrange exchanges without the need for physical proximity. Moreover, online platforms often incorporate rating and review systems, enhancing trust and credibility within the barter community.

Barter Systems and Sustainability

In recent years, there has been an increased emphasis on sustainability and reducing waste. Barter systems align well with these goals, as they promote the reuse and redistribution of goods, reducing the need for new production and minimizing environmental impact. By exchanging items that are no longer needed or used, individuals can reduce waste and contribute to a more sustainable society. Barter also fosters a sense of community and encourages collaboration, as participants engage in reciprocal relationships and build social connections.

Barter in the business world

Barter systems are not limited to individuals; businesses also recognize their value. In challenging economic times, businesses can utilize barter to conserve cash flow and acquire necessary goods or services without the need for immediate financial expenditure. Barter can also help businesses expand their customer base and reach new markets by trading their products or services for others. Furthermore, barter allows businesses to make use of excess inventory or downtime by exchanging it for something of value, creating opportunities for increased efficiency and profitability.

Some Examples:

Modern Advertising Services

The most common form of business-to-business bartering in modern economies involves the trading of advertising rights.

In these cases, one company sells its available ad space to another company in exchange for the right to advertise on the second company's space. These can be for television rights, internet advertisements, radio rights, actual billboards or various other types of media.

Bartering With Consumer Goods

In its simplest form, bartering is the exchange of one valuable product for another between two individuals. Person A has two chickens but wants to get some apples; meanwhile, Person B has a bushel of apples but wants some chickens. If the two can find each other, Person A might trade one of his chickens for a half-bushel of Person B's apples. No medium of exchange is used.

Barter systems in the 21st century have adapted and thrived in response to changing economic and social landscapes. The limitations of traditional currency systems, the rise of online barter platforms, the emphasis on sustainability, and the integration of barter in the business world have all contributed to the resurgence of barter as a viable means of trade. As the world continues to evolve, barter systems offer an alternative way of exchanging goods and services, promoting economic resilience, fostering sustainability, and building strong communities. With technological advancements and a growing appreciation for the benefits of barter, it is likely that these systems will continue to play a significant role in our changing world.

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#barter, #letstrade, #forsale, #letsmakeadea,l #offersomething, #thepriceisright, #letsbarter, #buyme, #outwiththeold, #posted, #wanted, #youdbealotcoolerifyouboughtthis, #inwiththenewtome, #offroadlistings, #payupsuckas, #fosail, #phorsale, #orl, #showandtell, #spoluprace ,#trade ,#barteryuk, #o ,#buythisnow, #treasure, #bartering ,#like, #bartersystem ,#trash, #prelovedmurah

@Ogilvy India @DDB Mudra Group @The O.Group@Studiobfilms@McCann Worldgroup India @Leo Burnett India @Grey Worldwide India @Havas Worldwide India

@Shekhar Gupta @10 Bestincity @Aparna Thakur

Indian Overseas Bank Fined Rs 2.2 Crore by RBI for Non-Compliance Aparna Thakur FinTech manager 10bestincity

In the world of banking and finance, regulatory compliance plays a crucial role in maintaining the stability and integrity of the financial system. The Reserve Bank of India (RBI), as the central banking institution of India, is responsible for enforcing these regulations and ensuring that banks operate in accordance with the prescribed guidelines. However, instances of non-compliance can have severe consequences for the banks involved. This case study examines the recent imposition of a fine of Rs 2.2 crore on Indian Overseas Bank by the RBI for non-compliance.

The Indian Overseas Bank (IOB) is one of the oldest and largest public sector banks in India, serving a vast customer base. However, in a recent inspection conducted by the RBI, several instances of non-compliance were identified in IOB's operations. These non-compliances primarily revolved around the bank's failure to adhere to various regulatory guidelines set by the RBI.

One significant area of non-compliance identified by the RBI was related to Know Your Customer (KYC) norms. KYC procedures are essential for banks to verify the identity of their customers and prevent money laundering and other fraudulent activities. The RBI found that IOB had not followed the prescribed procedures in verifying customer identities and maintaining adequate records. This lapse in compliance raised concerns about the bank's ability to effectively monitor and mitigate risks associated with its customer base.

Another area of non-compliance pertained to the classification and provisioning of non-performing assets (NPAs). NPAs are loans that have not been repaid for a significant period, indicating financial distress on the part of the borrower. The RBI found that IOB had not accurately classified certain NPAs and had not made appropriate provisions for them. This non-compliance with asset classification norms not only distorted the bank's financial position but also posed risks to the overall stability of the banking sector.

Consequently, the RBI imposed a monetary penalty of Rs 2.2 crore on Indian Overseas Bank for these instances of non-compliance. The fine not only serves as a punitive measure but also aims to deter other banks from similar lapses in compliance. Additionally, the RBI directed IOB to take corrective actions to address the identified issues and strengthen its internal controls and processes.

The case of Indian Overseas Bank being fined Rs 2.2 crore by the RBI for non-compliance highlights the importance of regulatory adherence in the banking sector. Non-compliance with guidelines related to KYC norms and asset classification can have serious implications for the financial stability of both the concerned bank and the wider banking system. The RBI's actions not only serve as a deterrent but also emphasize the need for robust internal controls and processes to ensure compliance with regulatory standards. Going forward, it is crucial for banks to proactively identify and rectify any non-compliance issues, thereby safeguarding the integrity of the banking system and maintaining public trust in the sector.

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#banks, #india, #bhfyp, #rbi, #business, #smallbusiness,#fine, #money, #realestate, #news, #boss, #bitcoin, #technology, #forex, #investment, #wwe, #cash, #covid, #trading, #cryptocurrency, #investing ,#finance,#funding,#moneycirculation

@Resrve Bank of India @State Bank of India @Canara Bank @Bnak of Borodra @Punjab National Bank @HDFC Bank @ICICI Bank

How Big Data is Transforming Traffic Control Systems Driving Efficiency Anushree Shinde[ MBA]

How Big Data is Transforming Traffic Control Systems: Driving Efficiency Anushree Shinde[ MBA]

By increasing efficiency and enhancing traffic management, big data is fundamentally changing how traffic control systems operate. Traffic control systems are now able to take advantage of this plethora of information to make data-driven decisions and optimise traffic flow thanks to the increased availability of data from many sources, including sensors, cameras, GPS devices, and social media. Following are a few examples of how big data is altering traffic control systems:

1. Real-time Traffic Monitoring: Big data analytics enable real-time monitoring of traffic conditions by processing and analyzing data from multiple sources. This information helps traffic control systems to detect traffic congestion, accidents, and other incidents promptly. By continuously monitoring traffic, authorities can make informed decisions to optimize traffic flow, reroute vehicles, and dispatch emergency services more efficiently.

2. Predictive Analytics:The use of predictive analytics models by traffic control systems, which foretell traffic patterns and congestion, is made possible by big data. These models are able to forecast future traffic congestion hotspots and recommend proactive solutions to reduce the traffic before it becomes a problem by analysing past traffic data, weather conditions, events, and other relevant factors. This aids in streamlining lane closures, enhancing overall traffic management, and optimising traffic signal timings.

3. Dynamic Traffic Signal Control: Big data makes it possible for traffic signal management systems to be dynamic and change signal timings in response to current traffic circumstances. These systems can optimise signal timings to lessen congestion, provide priority to public transportation, and improve traffic flow at crossings by analysing the incoming data from sensors and cameras. By dynamically adjusting signal timings in response to actual traffic demand, traffic control systems are made more effective overall and delays are reduced.

4.Incident Management and Emergency Response: By providing real-time data about collisions, breakdowns, and other traffic incidents, big data analytics can help with incident management and emergency response. Traffic control systems can more efficiently deploy emergency services by combining data from a variety of sources, including as traffic cameras, sensors, and social media feeds, to immediately identify incidents, gauge their impact on traffic, and identify incidents. This contributes to faster reaction times, lessening traffic, and improving public safety.

5.Data-driven Decision Making: Big data analytics gives traffic control systems useful information for making data-driven decisions. Traffic authorities can recognise traffic trends, comprehend the effects of particular events or roadworks, and adjust their traffic management policies as necessary by analysing enormous volumes of data. This data-driven methodology enables decision-making based on solid evidence, which results in more effective traffic control systems.

Example

Take Uber as an example in this case. When it comes to drivers, their cars, locations, trips taken by each vehicle, etc., Uber generates and uses a tonne of data. All of this information is analysed, then utilised to forecast supply, demand, driver location, and the prices that will be established for each journey.

And what's this? We also use this programme when selecting a route to save time and gasoline based on our knowledge of having previously taken that specific route. In this instance, we used the information we had previously gathered due to our experience, analysed it, and used it to inform our conclusion. It's quite wonderful that big data has contributed to both major fields and even the tiniest choices we make on a daily basis.

In general, traffic control systems are being transformed by big data by utilising the power of data analytics and real-time information. Traffic authorities can improve traffic flow, lessen congestion, boost emergency response, and increase the overall effectiveness of transportation systems by utilising cutting-edge technologies and algorithms.

👍Anushree Shinde

Business Analyst

10BestInCity.com Venture

anushree@10bestincity.com

10bestincityanushree@gmail.com

www.10BestInCity.com

Linktree:https://linktr.ee/anushreeas?utm_source=linktree_profile_share

LinkedIn: https://www.linkedin.com/in/anushree-shinde20

Facebook: https://shorturl.at/hsx29

Instagram: https://www.instagram.com/10bestincity/

Pinterest: https://in.pinterest.com/shekharcapt/best-in-city/

Youtube: https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/anushree-shinde.html

#BigDataTrafficControl , #EfficientTrafficManagement , #DataDrivenTraffic #OptimizedTrafficFlow , #RealTimeTrafficMonitoring , #PredictiveAnalytics #DynamicSignalControl , #IncidentManagement , #EmergencyResponse , #DataInformedDecisions

FinTech Revolution: Impact of Start-ups on Indian Financial Services Aparna Thakur Fin-Tech Manager

Fin-Tech Revolution: Impact of Start-ups on Indian Financial Services Aparna Thakur

Fin-Tech Manager

The Indian financial services industry has witnessed a remarkable transformation in recent years, thanks to the advent of financial technology (FinTech) start-ups. These innovative and agile companies have revolutionized the way financial services are delivered and accessed, making them more inclusive, efficient, and convenient. The FinTech revolution in India has had a profound impact on various sectors of the economy, ranging from banking and payments to lending and wealth management. In this essay, we will explore the significant contributions of FinTech start-ups to the Indian financial services landscape and examine the transformative effects they have had on traditional financial institutions.

1.Disruption of Traditional Banking: FinTech start-ups have challenged the dominance of traditional banks by offering a range of innovative solutions. Mobile banking applications and digital wallets have gained widespread popularity, allowing customers to perform various banking activities conveniently from their smartphones. This has brought banking services to previously underserved populations, promoting financial inclusion. Moreover, FinTech companies have introduced peer-to-peer lending platforms, bypassing the traditional intermediaries and connecting borrowers directly with lenders, thereby democratizing access to credit.

2.Payments Revolution: India has witnessed a massive shift from cash-based transactions to digital payments, largely due to the efforts of FinTech start-ups. Companies like Paytm and PhonePe have transformed the way people make payments, enabling secure and seamless transactions through mobile wallets and Unified Payments Interface (UPI). This has not only reduced reliance on physical cash but has also boosted transparency, efficiency, and financial accountability.

3.Wealth Management and Investment: FinTech start-ups have democratized investment and wealth management by providing affordable and accessible solutions. Robo-advisors, powered by advanced algorithms and artificial intelligence, offer personalized investment advice and portfolio management services at a fraction of the cost charged by traditional financial advisors. This has encouraged retail investors to enter the market, leading to increased participation and financial literacy.

4.Insurtech Innovations: The insurance sector has also experienced significant disruption through the entry of FinTech start-ups. Insurtech companies leverage technology to simplify the insurance purchasing process, enhance underwriting capabilities, and streamline claims settlement. This has led to the development of customized insurance products, such as micro-insurance and pay-as-you-go policies, tailored to the needs of previously underserved segments of the population.

The rise of FinTech start-ups has undeniably brought about a revolution in the Indian financial services sector. Their innovative solutions have disrupted traditional business models, challenging established institutions to adapt and evolve. Through enhanced access, convenience, and affordability, FinTech has fostered financial inclusion, empowering previously unbanked individuals and small businesses. However, it is important to recognize that the FinTech revolution also poses regulatory challenges, such as data privacy and cybersecurity concerns. Nevertheless, with the right regulatory framework and collaboration between traditional financial institutions and FinTech start-ups, India can harness the full potential of this revolution and create a robust, inclusive, and sustainable financial ecosystem for the future.

Aparna Thakur

(Fin-Tech Manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#banking, #india, #business, #entrepreneur, #success, #money, #realestate, #news, #education, #facts, #study, #bitcoin, #technology, #investment, #knowledge, #cash, #covid, #invest, #cryptocurrency, #investing, #finance,#financialsystem,#financialfreedom

@Bajaj Finance Limited @Tata Capital Financial Services Ltd.@Aditya Birla Finance Ltd.@Muthoot Finance Ltd.@Mahindra & Mahindra Services Limited @HDB Financial Services @Power Finance Corporation Limited

@Shekhar Gupta @10 Bestincity @Aparna Thakur

The Surge in Fake Rs 500 Notes RBI's Response to Safeguard the Monetary System Aparna Thakur Fin-Tech Manager

The Surge in Fake Rs 500 Notes : RBI's Response to Safeguard the Monetary System

Aparna Thakur Fin-Tech Manager

Counterfeit currency poses a significant threat to the stability of any monetary system. In recent times, India has witnessed a surge in the circulation of fake Rs 500 notes, creating concerns for the Reserve Bank of India (RBI) and the overall financial ecosystem. This case study explores the response of the RBI to tackle the issue and safeguard the monetary system.

The circulation of counterfeit currency not only undermines public trust in the currency but also has far-reaching implications for the economy. Counterfeit notes can destabilize financial institutions, lead to inflationary pressures, and hinder legitimate economic transactions. Recognizing the gravity of the situation, the RBI has implemented various measures to combat this growing menace.

Strengthening Security Features:

The RBI has collaborated with currency printing presses and incorporated advanced security features into the Rs 500 notes. These features include watermarking, security threads, intaglio printing, micro-lettering, and color-changing inks, among others. By enhancing the complexity and uniqueness of these security features, the RBI aims to make counterfeiting more difficult and deter counterfeiters.

1.Public Awareness Campaigns:

To tackle counterfeit currency effectively, the RBI has initiated widespread public awareness campaigns. These campaigns educate citizens about the security features of genuine currency notes and provide guidelines to identify counterfeit notes. By promoting knowledge and awareness, the RBI aims to empower individuals to identify and report counterfeit notes, thus creating a more vigilant society.

2.Collaborative Efforts:

The RBI has worked closely with various stakeholders, including law enforcement agencies, banks, and other financial institutions, to curb the circulation of counterfeit notes. Regular coordination meetings and sharing of intelligence have been instrumental in improving detection and prevention mechanisms. Collaboration with international agencies and sharing best practices has further bolstered efforts to combat cross-border counterfeit currency networks.

3.Technological Advancements:

Leveraging advancements in technology, the RBI has adopted sophisticated machines and equipment to detect counterfeit notes. Banks and financial institutions have been equipped with currency sorting machines that utilize ultraviolet, infrared, and magnetic ink sensors to identify fake notes accurately. This technological intervention not only enhances the efficiency of detection but also reduces the burden on human efforts.

Counterfeit currency is a persistent threat to the stability of any monetary system. Recognizing the urgency and potential consequences, the Reserve Bank of India has implemented a multi-pronged approach to combat the surge in fake Rs 500 notes. Through strengthening security features, conducting public awareness campaigns, fostering collaboration, and leveraging technological advancements, the RBI has taken proactive measures to safeguard the monetary system.

While these efforts have yielded positive results, continuous vigilance and innovation are crucial to stay ahead of counterfeiters. The RBI's response serves as an example for other countries grappling with similar challenges. By employing a comprehensive strategy encompassing education, technology, and collaboration, central banks can effectively mitigate the risks associated with counterfeit currency and protect the integrity of their monetary systems.

Aparna Thakur

Fin-Tech Manager

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#banknotes, #india, #money, #history, #collection, #collector, #notes, #dollar, #coins, #dollars, #coin, #currency, #mycollection, #numismatics, #pounds, #numismatica, #dinar, #coincollecting, #numismatic,#awarness,#fakenotes,#moneycirculation,#bhartiyamudra

@Reserve Bank of India @State Bank of India @Canara Bank @Punjab National Bank @Bank of Baroda @HDFC Bank @ICICI Bank

@Shekhar Gupta @10Bestincity@Aparna Thakur

Data Fabric Tackling Data Overload and Unleashing Business Insights Anushree Shinde[ MBA]

Data fabric is an innovative concept and architectural strategy that addresses the complex issues arising from the ever-increasing volume, variety, and speed of data in the modern digital landscape. Its primary goal is to empower organizations in effectively managing overwhelming data loads and extracting valuable business insights from their data resources. This is accomplished through the establishment of a unified and adaptable data framework that enables seamless integration, governance, and analytics across a range of diverse sources and platforms.

Here are some key components of data fabric:

1. Data Integration: Data fabric seamlessly integrates data from multiple sources, encompassing structured and unstructured data, on-premises and cloud-based systems, databases, and applications. By providing a unified view of data, it eliminates data silos and empowers organizations to access and analyze data across their entire infrastructure.

2. Data Governance: Data fabric incorporates robust data governance principles to ensure the reliability, security, privacy, and compliance of data. It establishes policies and controls to manage data at each stage of its lifecycle, including ingestion, transformation, storage, and utilization.

3. Data Virtualization: Data fabric employs data virtualization techniques to abstract the complexity of underlying data sources. This enables users to access and query data from various sources as if it were located in a single location, without necessitating physical data movement or replication.

4. Data Orchestration: Data fabric orchestrates the movement, transformation, and enrichment of data throughout the infrastructure. By automating data pipelines and workflows, it ensures the timely availability of data for analytics and decision-making processes.

5. Scalability and Flexibility: Data fabric is designed to scale in response to expanding data volumes and accommodate emerging data sources and technologies. Its flexible architecture adapts to evolving business requirements and incorporates new data platforms and tools.

6. Analytics and Insights: Data fabric facilitates data discovery, exploration, and analysis. It empowers data scientists, analysts, and business users to leverage advanced analytics techniques, including machine learning and artificial intelligence, to derive meaningful insights and make data-driven decisions.

By embracing a data fabric approach, organizations can overcome the challenges associated with data overload and fully unleash the potential of their data assets. It allows them to dismantle data silos, streamline data management processes, and accelerate the delivery of valuable insights, leading to enhanced operational efficiency, increased innovation, and a competitive edge in the market.

👍Anushree Shinde

Business Analyst

10BestInCity.com Venture

anushree@10bestincity.com

10bestincityanushree@gmail.com

www.10BestInCity.com

Linktree:https://linktr.ee/anushreeas?utm_source=linktree_profile_share

LinkedIn: https://www.linkedin.com/in/anushree-shinde20

Facebook: https://shorturl.at/hsx29

Instagram: https://www.instagram.com/10bestincity/

Pinterest: https://in.pinterest.com/shekharcapt/best-in-city/

Youtube: https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/anushree-shinde.html

#DataFabric , #DataManagement

#DataIntegration , #DataGovernance

#DataAnalytics , #InsightsDriven

#DataInsights , #DataOverload

#BusinessIntelligence , #DataDriven

#DigitalTransformation , #DataArchitecture

#BigData , #DataStrategy

#DataScience , #DataVisualization

#DataVirtualization , #DataOrchestration

#DataSolutions , #DataTransformation

Breaking Down the US Debt Ceiling Deal: Winners and Losers Revealed Aparna Thakur

The United States debt ceiling has long been a contentious issue, often leading to political showdowns and heated debates in Congress. The debt ceiling is the statutory limit on the amount of debt that the US government can accumulate to finance its operations. Failure to raise the debt ceiling can have severe consequences, including a potential default on the country's obligations.

In this case study, we will analyze a recent US debt ceiling deal and examine the winners and losers that emerged from the negotiations. By delving into the intricacies of the agreement, we can gain insights into the impact it has had on various stakeholders and the broader economy.

I. Winners:

A. Federal Government:

Avoiding default: The debt ceiling deal averted the immediate risk of a default, ensuring the government can continue to meet its financial obligations.

Increased spending capacity: Raising the debt ceiling allows the government to borrow more, providing flexibility in funding critical programs and initiatives.

Political leverage: The deal might offer the government additional political leverage, as it can now allocate resources to advance its policy agenda.

B. Financial Markets:

Stability: The debt ceiling deal brought stability to the financial markets by averting a potential default, reducing uncertainty and market volatility.

Investor confidence: The resolution of the debt ceiling issue can bolster investor confidence in the US economy, potentially attracting more investments.

C. Creditors:

Assured repayments: Creditors holding US Treasury bonds can rest assured that the government will continue to honor its debt obligations, preserving the reputation of US Treasury securities.

Sustained demand: The debt ceiling deal helps maintain a strong demand for US Treasury bonds, ensuring continued financing for the government's operations.

II. Losers:

A. Fiscal Hawks:

Limited spending cuts: Some fiscal conservatives may view the debt ceiling deal as a missed opportunity to enforce significant spending cuts, contributing to concerns over the long-term fiscal health of the nation.

Deficit concerns: Critics argue that raising the debt ceiling without a corresponding plan to reduce the budget deficit could exacerbate the nation's debt burden.

B. Taxpayers:

Potential tax implications: If the debt ceiling deal necessitates increased borrowing, taxpayers might face higher interest payments or potential tax increases to fund the growing debt.

The recent US debt ceiling deal had winners and losers, impacting various stakeholders differently. The federal government and financial markets emerged as winners, as the deal helped avert default, provided spending flexibility, and brought stability to markets. Creditors benefited from the assurance of repayments and sustained demand for US Treasury bonds. On the other hand, fiscal hawks expressed disappointment over limited spending cuts, while taxpayers may face potential tax implications as the debt burden grows. As the US debt ceiling remains an ongoing issue, understanding the winners and losers from such deals is crucial for evaluating their short and long-term effects on the economy and society.

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#debtceilling,#dealanalysis,#debt,#debtfree,#money,#financialfreedom,#credit,#finance,#debtfreecommunity,#debtfreejourney,#crefipair,#creditscore

@JP Morgan Chase @Bank of America @Citigroup@Wells Fargo@Goldman Sachs@Morgan Stanley @U.S Bancrop@PNC Financial Services @Truist Financial @Capital One @TD Bank,N.A @American Express

@Shekhar Gupta @10 Bestincity @Aparna Thakur

Decoding the Silicon Valley Bank Crash: the Collapse of America Banks Aparna Thakur

Decoding the Silicon Valley Bank Crash: the Collapse of America Banks Aparna Thakur

The global financial system is built upon the foundation of banks, which serve as intermediaries between savers and borrowers, facilitating economic growth and stability. However, history has shown that banks are not immune to crises. One notable example is the collapse of the Silicon Valley Bank (SVB), a prominent American bank, which sent shockwaves through the financial industry. This case study aims to decode the SVB crash, examining the underlying factors and consequences that led to its collapse.

The Silicon Valley Bank Crash:

The Silicon Valley Bank was once hailed as a symbol of innovation and success, catering primarily to the technology and startup ecosystem. Its demise was a stunning blow to the financial sector, with far-reaching implications. The crash of SVB can be attributed to several key factors:

1.Overexposure to the technology sector: SVB had heavily invested in technology and startup companies, which had been the primary drivers of its growth. However, this overreliance on a single sector made it vulnerable to market fluctuations and downturns. When the technology bubble burst, SVB was left with a significant number of non-performing assets, causing severe financial strain.

2.Risky lending practices: In its pursuit of growth and market share, SVB engaged in risky lending practices, extending loans to high-risk borrowers without adequate risk assessment and collateral. This aggressive lending strategy, coupled with lax regulatory oversight, created a ticking time bomb that eventually exploded when the economy weakened.

3.Lack of diversification: SVB's heavy concentration in the technology sector and its reliance on a limited number of clients left it susceptible to systemic shocks. A more diversified portfolio could have provided a buffer during downturns in specific industries.

4.Weak risk management framework: The crash exposed significant flaws in SVB's risk management framework. There was a lack of proper risk assessment, internal controls, and oversight mechanisms, which allowed the bank to take on excessive risks without adequate safeguards. This failure in risk management further amplified the impact of the crash.

Consequences of the SVB Crash:

The collapse of the Silicon Valley Bank had wide-ranging consequences for the American banking system and the broader economy:

1.Systemic risk and contagion: The crash of SVB sent shockwaves throughout the banking sector, raising concerns about the stability of other banks. The fear of contagion led to a loss of confidence in the banking system, causing a credit freeze and hampering economic activity.

2.Financial market turmoil: The crash of SVB had a significant impact on financial markets, triggering a sharp decline in stock prices, particularly for technology-related companies. Investors faced substantial losses, and market volatility increased as uncertainty and panic spread.

3.Economic recession: The collapse of SVB was a contributing factor to a broader economic recession. The bank's exposure to the technology sector, coupled with its lending practices, resulted in a contraction of credit, reduced business investments, and layoffs, leading to a decline in overall economic growth.

4.Regulatory reforms: The SVB crash exposed regulatory weaknesses and loopholes that allowed excessive risk-taking and inadequate oversight. As a response, regulators implemented stricter regulations and enhanced oversight to prevent a recurrence of similar crises in the future.

The Silicon Valley Bank crash serves as a stark reminder of the vulnerabilities inherent in the banking system and the risks associated with excessive concentration and lax risk management practices. The collapse of SVB had severe repercussions on the American banking sector and the broader economy, highlighting the importance of robust risk management, diversification, and regulatory oversight. It also underscores the need for a balanced approach to lending and sustainable growth, rather than chasing short-term gains. By learning from the mistakes made in the SVB crash, the financial industry can strive to build a more resilient and stable banking system, better equipped to withstand future challenges.

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#siliconvalley, #bayarea, #sanjose #sanfrancisco, #california, #siliconvalleylife, #technology, #tech, #realestate, #santaclara ,#paloalto, #sanjoseca ,#bayarearealestate, #siliconvalleyrealestate, #cupertino, #entrepreneur, #sunnyvale, #startup, #sanjosecalifornia, #realtor, #business, #southbay, #sfbayarea, #losgatos, #milpitas, #bayareaeats, #dtsj, #luxuryrealestate, #norcal, #fremont

@Well Fargo @U.S. Bancorp@Capital One@Citigroup@U.S. Bank Branch @Fifth Third Bank @Goldman Sachs@Truist Fiancial @Bank of Yew York Mellon

@Shekhar Gupta @10 Bestincity @Aparna Thakur

Income Proof Now Mandatory for Rs10 Lakh Investment in Small Savings Schemes

Income Proof Now Mandatory for Rs10 Lakh Investment in Small Savings Schemes

In a recent development, the Indian government has made income proof mandatory for investments of Rs 10 lakh or more in small savings schemes. The move aims to curb money laundering, tax evasion, and other illicit activities that may be facilitated through such investments. Small savings schemes, such as the Public Provident Fund (PPF), National Savings Certificates (NSC), and Post Office Deposits, have been popular among individuals looking for safe investment options with attractive returns. However, the new requirement of providing income proof adds an additional layer of scrutiny to larger investments in these schemes.

This article explores the details of the recent circular and its impact on investors.

1.New KYC Segmentation: Low, Medium, and High-Risk Categories To strengthen the know your client (KYC) process, India Post has introduced a three-tiered categorization for customers holding accounts with them. The categories are based on the maturity value of certificates and the balance in savings accounts.

a. Low-Risk Category: Investors with certificates or a balance up to Rs 50,000 fall into this category. They are required to provide two passport-size photographs and self-attested copies of Aadhaar and Permanent Account Number (PAN) as documentation.

b. Medium-Risk Category: Investors with investments ranging from Rs 50,000 to Rs 10 lakh belong to this category. Similar to the low-risk category, they need to provide the aforementioned documents along with additional address proof, such as a driving license or utility bills.

c. High-Risk Category: Investors with investments exceeding Rs 10 lakh are classified as high-risk. In addition to the standard documentation, they must furnish proof of the source of funds, including bank statements, income tax returns, succession certificates, sale deeds, or any other documents reflecting income or fund sources.

2.Guardian and Minor Accounts: If the investor is a minor, the guardian’s KYC and income proof requirements apply. The guardian must also provide the necessary documentation for the KYC process.

Regular KYC Renewal: Depositors in the low, medium, and high-risk categories are required to resubmit their KYC documents every seven, five, and two years, respectively. This ensures up-to-date information and compliance with regulatory standards.

Aadhaar and PAN Submission Deadlines: Existing India Post depositors who have not yet submitted their Aadhaar details must do so before September 30, 2023. Similarly, PAN details must be furnished within two months if the account balance exceeds Rs 50,000, aggregate credits exceed Rs 1 lakh in a financial year, or if the transfer or withdrawal from the account exceeds Rs 10,000 in a month.

3.Consequences of Non-Compliance: Failure to submit the required documentation will result in the account becoming non-operational.

Reporting Cash Transactions: Postal authorities have been entrusted with the responsibility of reporting cash transactions valued at Rs 10 lakh or above. Additionally, cash transactions below Rs 10 lakh, but totaling more than Rs 10 lakh within a calendar month, must be periodically reported.

4.Benefits and Considerations of Small Savings Schemes: Small savings schemes offer attractive interest rates and tax breaks under Section 80C. However, they often have lower liquidity. Investors should align their investment horizon with the duration of the chosen savings instrument to ensure compatibility.

The decision to mandate income proof for investments of Rs 10 lakh or more in small savings schemes is a significant step towards promoting transparency and combating financial irregularities. By imposing this requirement, the government aims to discourage money laundering, tax evasion, and the use of these schemes for illegal activities. While it may add an extra layer of documentation for investors, it ultimately contributes to a more accountable and legitimate financial system. As the implementation of this policy unfolds, it is expected to enhance trust in small savings schemes, protect investors' interests, and foster a healthier investment environment in India.

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#investment, #luxury, #bhfyp, #business, #entrepreneur, #success, #money, #marketing, #realestate, #house, #luxurylifestyle, #forsale ,#entrepreneurship, #realtor, #startup, #bitcoin, #forex, #investment, #millionaire, #wealth, #realestateagent@State Bank of India @Union Bank of India @ Punjab National Bank @Canara Bank @Bank of Baroda @HDFC Bank @ICICI Bank @Yes Bank @Shekhar Gupta @10Bestincity@Aparna Thakur

lot of corruption in Mahakal Lok of thousands of crores

There was a lot of corruption in Mahakal Lok of thousands of crores

Metal idols were to be made, plastic idols were made...... Iron GI sheet was to be installed in the parking lot, but after changing the terms of the tender, poly was installed sheet of carbonate

Mahakal Lok could not withstand the first rain yesterday, the storm was blowing with a speed of 30-35 kilometers per hour!!!...... Many idols installed in Mahakal Lok were destroyed on the ground.

Mahakal Lok has been inaugurated by PM Narendra Modi on 11th October last year itself i.e. only 9 months have passed and since then the poor quality work done there has been exposed.

Significantly, the investigation is also going on in the Lokayukta regarding the shoddy work. This project has been built by Ujjain Smart City. An MLA from Ujjain had complained that the CEO of Ujjain Smart City misused his position and made a profit of one crore to the contractor by replacing the item of iron GI sheet with polycarbonate sheet against the rules. Have delivered. On the basis of this complaint, the chief engineer of the technical branch of the Lokayukta organization is also investigating.

The Lokayukta has sought answers from the officials running the Ujjain Smart City Company regarding disturbances in the tender process, arbitrary payment, giving tenders to favourites, shoddy construction work, misuse of office, harming the government.

In this 900 meter long Mahakal corridor, idols of metals were to be installed, which do not change for 100 years, but idols made of such materials were installed which did not last even for 10 months.

The idols fell only yesterday, but their color had already started falling off. Tourists who came to visit Mahakal Lok had spoken to the administrators many times in this regard, but the corrupt people did not even listen to them, and yesterday they insulted themselves at the national level.

Big claims were made at the time of making these idols of Mahakal Lok. It was said that these idols will neither be damaged by the storm nor will it be affected by the rain, but these idols made of Plaster of Paris and plastic got uprooted from their stand and fell on the ground in the first rain itself.

Apart from this, the depth of the idols engraved on the walls of Mahakal Lok, the Sanskrit verses engraved on them, is also very less, it is clearly known that the idols were not made in the way that was mentioned in the tender. That is, the main contractor has been benefited by changing the conditions in the tender.

The biggest thing is that this information has not come in the public domain that to which company the contract has been given, unconfirmed sources are telling that Gujarati company has been given the contract........

हजारों करोड़ के महाकाल लोक में हुआ जमकर भ्रष्टाचार ......बननी थी मेटल की मूर्तिया, बन गई प्लास्टिक की मूर्तियां ......पार्किंग में लगनी थी लोहे की जीआई शीट लेकिन टेंडर की शर्तो में बदलाव कर लगाई गईं पॉली कार्बोनेट की शीट

महाकाल लोक कल पहली बारिश अंधड़ नही झेल पाया 30-35 किलोमीटर प्रति घंटा की तेजी से हवा क्या चली !!!......महाकाल लोक में लगी अनेक मूर्तियां जमीन पर धराशाही हो गईं।

महाकाल लोक का उद्घाटन पीएम नरेंद्र मोदी ने पिछले साल 11 अक्तूबर को ही किया है यानी अभी कुल 9 महीने ही हुए है और अभी से वहां किए गए गुणवत्ताहीन कार्यों की पोल खुल गईं हैं

गौरतलब है कि घटिया काम को लेकर लोकायुक्त में जांच भी चल रही है। इस प्रोजेक्ट का निर्माण उज्जैन स्मार्ट सिटी ने किया है उज्जैन के एक विधायक की शिकायत की थी कि उज्जैन स्मार्ट सिटी के सीईओ ने अपने पद का दुरुपयोग कर ठेकेदार को नियम विरुद्ध लोहे की जीआई शीट के आइटम को पॉली कार्बोनेट शीट से बदलकर एक करोड़ का फायदा पहुंचाया हैं. इस शिकायत के आधार पर लोकायुक्त संगठन की तकनीकी शाखा के चीफ इंजीनियर जांच भी कर रहे है

लोकायुक्त ने टेंडर प्रक्रिया में गड़बड़ी, मनमर्जी से भुगतान, चहेतो को टेंडर देना, घटिया निर्माण कार्य, पद का दुरुपयोग, शासन को हानि पहुंचाने को लेकर उज्जैन स्मार्ट सिटी कम्पनी चला रहे अधिकारियों से जवाब मांगा है।

900 मीटर लंबे इस महाकाल कॉरिडोर में धातुओं की मूर्तियां लगनी थी जिन्हें 100 साल तक कुछ नहीं होता पर ऐसे पदार्थों से बनी मूर्तियां लगाई गई जो 10 महीने भी नही टिकी

मूर्तियां तो कल ही गिरी लेकिन इनका रंग रोगन तो पहले से झड़ने लगा था महाकाल लोक घूमने आए टूरिस्ट इस संबंध में व्यवस्थापको को कई बार बोल चुके थे लेकिन भ्रष्टाचार करने वालों के कानो में जू भी नही रेंगी और कल राष्ट्रीय स्तर पर अपनी बेज्जती करा ली

इन मूर्तियां महाकाल लोक के निर्माण के समय बड़े-बड़े दावे किए गए थे। कहा गया था कि यह मूर्तियां ना तो आंधी तूफान से खराब होंगी और ना ही इस पर बारिश का कोई असर पड़ेगा, लेकिन प्लास्टर ऑफ पेरिस और प्लास्टिक की बनी इन मूर्तियों में पहली बारिश में ही अपने स्टैंड से उखड़ कर जमीन पर गिर गईं

इसके अलावा महाकाल लोक में जो दीवारों पर मूर्तियां उकेरी गई है जो संस्कृत श्लोक उकेरे गए हैं उनकी गहराई भी बेहद कम है साफ पता लग रहा है कि मूर्तियों को उस तरीके से नहीं बनाया गया था जैसा की टेंडर में उल्लेखित था। यानी कि टेंडर में शर्तो में बदलाव कर मुख्य ठेकेदार को लाभ पूहंचाया गया है

सबसे बड़ी बात तो यह है कि यह जानकारी पब्लिक डोमेन में ही नही आई है कि ठेका किस कम्पनी को दिया गया है

सूत्र बता रहे हैं कि गुजराती कम्पनी को ठेका बांटा गया है ........

Bad Debt vs Good Debt : Understanding the Distinction

Debt is a financial tool that allows individuals and businesses to access funds they may not have readily available. While debt is often associated with negative connotations, it is essential to understand that not all debts are created equal. In fact, debts can be broadly classified into two categories: bad debt and good debt. These categories are based on the potential long-term impact they can have on an individual's financial well-being. This essay aims to explore the distinction between bad debt and good debt, highlighting their characteristics and implications.

Bad Debt:

Bad debt refers to loans or credit that does not contribute to the individual's overall financial growth and carries a higher level of risk. Examples of bad debt include high-interest credit card debt used for unnecessary purchases, personal loans for luxury items, or loans taken for speculative investments. Bad debt is typically characterized by the following traits:

a. High interest rates: Bad debts often come with exorbitant interest rates, making it challenging to pay off the principal amount.

b. Depreciating assets: Bad debt is often associated with purchases that do not hold their value or have a potential for long-term appreciation.

c. No potential for income generation: Bad debt does not generate income or have the potential to increase an individual's earning capacity.

Example of Bad Debt

1.Payday loans

Payday loans generally offer short-term, high-interest loans, often without requiring a credit check. These types of loans can have higher interest rates, and you usually have to pay them back by your next payday.

Payday loans usually don’t get reported to any of the major credit bureaus. That means even if you do make on-time payments, your credit scores probably won’t reflect it.

2.Debt that negatively affects your credit scores

Debt that affects your credit scores in a negative way is an example of bad debt. This can even happen to a good debt if it isn’t responsibly managed—say, if you fall behind on payments or if your credit utilization ratio increases.

Good Debt:

Good debt, on the other hand, refers to loans or credit that can contribute positively to an individual's financial well-being and potentially lead to long-term growth. Good debt is typically associated with investments in assets that have the potential to increase in value or generate income. Here are some characteristics of good debt:

a. Low interest rates: Good debt often comes with lower interest rates, making it more manageable to repay over time.

b. Appreciating assets: Good debt is typically used to invest in assets like real estate, education, or starting a business, which have the potential to increase in value or generate income.

c. Potential for income generation: Good debt can provide opportunities for individuals to increase their earning potential or generate passive income.

Examples of Good Debt

1.Mortgages

Monthly mortgage payments build equity. And this could lead to a higher net worth. And interest paid on a mortgage can sometimes be tax-deductible.

2.Student loans

Financing education can be necessary to get a degree, and a degree has the potential to increase earnings. Student loans typically have lower interest rates, compared to other lines of credit. Plus, the interest can be tax-deductible.

3.Small-business loans

Taking on debt to start a business can be helpful for building wealth. But it’s a good idea to keep in mind the risks of starting a business before taking out a loan.

4.Personal loans

A personal loan can be helpful for consolidating debt at a lower interest rate. And if it’s an unsecured personal loan, you may not need collateral—like your home—to secure the financing.

5.Credit cards

With responsible use, credit cards can help build credit, which can help you do things like borrow money, get a credit card or rent an apartment. Making the minimum payment on your credit card over time may help keep your account current and in good standing.

How to avoid bad debt?

Debt happens. It’s what you do with it that determines whether debt could be good or bad. And while it’s not always possible, it can help to figure out whether the debt you’re taking on is something you can afford. Here are some tips to help:

1.Review your possible monthly payment. Would this new bill be something you can actually afford?

2.Look at the interest rate. The lower the interest rate, the less interest you could pay over the life of the loan.

3.Think about your long-term goals. Will borrowing this money help or hurt you in the long run?

Understanding the distinction between bad debt and good debt is crucial for making informed financial decisions. Bad debt can burden individuals with high interest rates and depreciating assets, leading to financial stress and limited opportunities for growth. In contrast, good debt, with its lower interest rates and potential for income generation or asset appreciation, can be used strategically to enhance an individual's financial position over the long term. It is essential to exercise caution when taking on debt and prioritize investments that align with personal financial goals. By distinguishing between bad and good debt, individuals can make informed choices to build a stronger financial foundation and work towards their desired financial future.

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com

Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

Instagram:https://instagram.com/aparna6928?igshid=ZGUzMzM3NWJiOQ==

Facebook:https://www.facebook.com/profile.php?id=100009335861292&mibextid=ZbWKwL

YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

#debt,#badbebt,#goodbebt,#personalfinance,#debt,#economy,#debtrelief,#debthelp,#debt-free,#financialfreedom,#finance,#creditscore,#credipair,#creditcards,#crefitservices,#money,#debtfreegoals,#goodcredi,#financialindependepence,#fiancialliteracy

@SBI @HDFC @PNB @Bank of Baroda @Canara Bank @Axis Bank @ICICI Bank @Union Bank

@Shekhar Gupta @1OBestincity @Aparna Thakur