Want to shift from metro city? Here are costs, ease of living features of tier 2 towns

THE ECONOMIC TIMES Tue, Oct 29, 2019 | 08:34 AM IST ET Wealth Newsletter

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Want to shift from metro city? Here are costs, ease of living features of tier 2 towns If the pollution and stress of a metro city are getting to you, consider the following tier 2 cities, which offer both high-class amenities and a better quality of life. Here is a comparison on the basis of cost of living and qualitative parameters. How much should you spend on a smartphone? The cost has 3 parts Every expense would have three components— the basic mandatory spend; the discretionary spend; and the lifestyle spend. The distinctions between the three are not rule-bound. As incomes increase, what was a lifestyle expense might become mandatory. Podcast: How you can fight lifestyle inflation Lifestyle inflation not only hampers long-term wealth creation, but also leads to discretionary expenses. In this week's dose of wealth wisdom, we tell you how millennials, who are the most vulnerable to it, can combat it. Should you prepay your home loan or make new investments? The answer may surprise you You have outstanding loans and also the capacity to make fresh investments. The question arises whether it is a better idea to repay your housing loan before the schedule or invest the money in an equity-oriented mutual fund for the long term. Was there an insider trading in Infosys stock? A INR740 November put option has come under the scanner, where premium shot up from INR17 to INR130. Bajaj Pulsar vs. TVS Apache: the race is on By extending the Pulsar brand lower, Bajaj is trying to lure consumers who are downtrading in a weak economy. Though it is a risky strategy, Bajaj can afford to make mistakes unlike its rival TVS Apache. While the race between the brands has certainly intensified, so far it hasn't hurt either's profitability. Weather as a weapon: the Chinese threat Using technology, weather can be manipulated for use as a weapon to wage a covert war. It can damage the enemy's ecosystem, destroy agriculture, and disable communications networks. Can India afford to ignore this unconventional — yet lethal — weapon, especially when its neighbour China has acquired expertise in wielding it? From our Partners Evolving Change in Consumer Behaviour for Individual Lending Bureau Score Evolution – Capturing the changing retail lending landscape | Interpreting the bureau scores as evolved over time | How the CreditVision® Score works? From our Partners Evolving dynamics of MSME lending industry – A perspective from MSME Pulse by Vipul Mahajan Gain insights on where are new-to-credit MSMEs are coming from and who is lending to them Investing in stocks of private sector banks can get you good returns: Here's why According to data compiled from RBI, gross NPAs as a percentage of total advances for PSU banks jumped from 4.4 percent to 14.6 percent between March 2014 and March 2018, whereas the same increased from 1.8 percent to 4.7 percent for private banks. Perpetual bonds are offering higher interest rates than fixed deposits: Should you invest? The yield being offered by these bonds are significantly higher than fixed deposit rates and therefore, it is natural for investors to be interested. So should you buy these bonds? Here is a closer look at the risks involved with perpetual bonds. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 16.47 27.25 9.69 0.63 Invest Now Axis Bluechip Fund-Growth ★★★★★ 14.99 25.71 9.02 0.55 Invest Now Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 11.97 16.45 1.84 1.57 Start SIP Motilal Oswal Focused 25 Fund Direct-Growth ★★★★★ 11.31 24.57 9.06 2.86 Invest Now JM Core 11 Direct Plan-Growth ★★★★★ 11.11 25.87 2.98 3.26 FeaturedAditya Birla Sun Life Tax Relief 96 Direct-Growth ★★★★★ 9.01 10.32 -1.94 1.79 Start SIP Insurance stocks' prices hit 52-week highs: Should you invest? All three listed life insurers and private general insurer ICICI Lombard hit 52-week highs on October 22 and 23. How to track the leading, lagging and coincident economic indicators Understanding economic indicators is the key to predicting the state and trajectory of the economy.

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Cost of living in 'new' metros: Hyderabad vs Bengaluru vs Ahmedabad vs Pune Apart from the four metros - Delhi, Mumbai, Kolkata and Chennai, India has four 'new' metros. These cities are providing a better quality of life, job opportunities and lower cost of living. Read on to know what it costs to live in these cities. Cost of living in four tier 2 cities: Indore, Dehradun, Thiruvananthapuram, Ranchi Here is a list of four tier-II cities along with a comparison of cost of living and other qualitative parameters. They have the potential of becoming the next metro cities. Some of these cities also come under government's 'smart cities' initiative. ET survey: Why people are willing to take 40% pay cut, move to non-metro city Many people living in metro cities are now looking at moving to tier 2 cities. Some of the reasons cited are high pollution and cost of living. The survey found that people are even willing to take a pay cut as high as 40% to move to a tier 2 city. Realty hot spot series: This Gurgaon locality is an upcoming residential hub This part of Gurgaon, NCR, is developing at a rapid pace and attracting end-user buyers. Properties here are priced between Rs 4,200 per sq. ft and Rs 8,300 per sq. The locality has widespread connectivity through National Highway-48. How to use India Post mobile app to access your post office savings accounts This app can be used by only those customers who have an account in core banking enabled post office. KYC of the account should be complete beforehand. The account should have internet banking and mobile banking services enabled. What is Muhurat trading? The session marks the beginning of a new Hindu calendar year called 'Samvat' and it is believed that muhurat trading brings prosperity and wealth throughout the year. Do you lack confidence in your abilities at work? Try these 6 steps Have you had your early life decisions taken for you? It is not unusual to have the education and initial career choices made by elders or even by the peer group. Your imposter syndrome may thus be rooted in a lack of confidence in your own wisdom. Stock pick of the week: Why analysts are bullish on Federal Bank As per consensus estimate, Federal Bank is expected to report a net profit of 24% in 2020-21. Significant cut in its share price in recent past and the resultant fall in valuation is another reason. This has made the company a favourite of analysts. How should a single mother manage her personal finances? ​​SIPs in equity mutual funds will ensure that money is saved, even before you begin to spend it. You can start small and enhance the amount later on as and when your salary goes up. By doing this, the amount can grow into a decent sum over time. Tax optimiser: IT professional Halder needs to use Sec 80C limit fully, opt for NPS A big tax break will come your way if you opt for the NPS benefit offered by your company. Under Section 80CCD(2), up to 10 % of the basic salary put in NPS is tax-deductible. ET wealth tells how you can optimise your tax by rejigging your income. Disciplined asset allocation helps: Manish Gunwani, Nippon India Mutual Fund "At this point, it makes sense to increase equity allocation. Typically we have seen over the years that when you invest after a downturn in the economy or market, that is when bigger returns are made,"says Manish Gunwani, Nippon India Mutual Fund .

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