Your credit card can be the single most important factor in improving and increasing your credit score. On the other hand it can also plummet your score to dark depths if you are not careful. Think smart and use your credit cards to your advantage. Here are some pointers on what to do and what not to do in order to achieve this reality.

1. No debts so far. Opting for a brand new credit card for the first time.

This makes sense for your credit score. Making use of a credit card judiciously will help you improve your credit score. Just make sure you open your credit card with a respected and popular brand name.

2. Opening a new credit card account.

When you already have a couple of credit cards, opening a brand new credit card account can cause a dip in scores. By all means obtain a new credit card if you are not planning to get into more debt, else think several times before opting for one.

3. Low credit limit.

Keep a tab on the credit limit of your credit card. Open a credit card

India is witnessing a fall all around from the stock market to currency value. The only thing that is showing some strength in the market is Inflation.  Even theory of relativity fails when it comes to pulling down the Inflation in India. Crude price has recently shown some weakness as the price of Brent has come down from 124$ to 109$, but the depreciated INR has squared off the benefit of any price easing.  With biting inflation, the purchasing power of investors is also diminishing. The falling stock market seems expensive to the investors now.  This is a bizarre situation for the stock investors as they can't stay in cash because inflation will eat the idle money, and if they invest it then the risk of loss is very high.

Due to funding problem in Euro zone, both external commercial borrowing by Indian corporate and trade credit fell significantly in last few months. While this deterioration of the capital account shows the global funding problems, it is being driven even more by

The importance of planning your savings and understanding tax components that you can utilise to maximize your income cannot be stressed upon enough. One of the best ways to plan your taxes is to start well in advance on this exercise; right in the beginning of the financial year and not wait till the end of the financial year, when there are bound to be constraints on the cash flow and a confusion over what investment route to choose.

It is critical to know all the possible ways one can save tax, to help plan your budget properly. The IT Act of 1961 is loaded with big dollops of taxpaying/tax saving information. Ways to save tax have always been an interesting consideration for tax payers all across the world, as tax saved is money saved. While some of the tax-saving avenues are well-treaded by the tax payers in the nation, there are some roads to tax saving which are lesser known. Two of them are explained below.

Save tax for your contributions to political parties/charitable