How To Earn Money As A School Student In India?
List 20 Best Ways to Earn Money Online for Students
- Affiliate Marketing.
- Blogging.
- Taking Online Surveys.
- Online Tutoring.
- Data Entry.
- Virtual Assistant.
- Graphic Designing.
- Social Media Management.
More items
View complete answer
Contents
Can 16 year old work in India?
Penal Provisions for Violating Child Labour Laws – The violation of the child labour law contributes to fines and imprisonment. In this aspect, any individual who employs or allows any child to work in violation of the Child Labour (Prohibition and Regulation) Act, 1986, is punishable by jail time for a period of at least 6 months but not more than 2 years.
- In addition, the employer could face a fine ranging from ₹20,000 to ₹50,000.
- Penal provisions are also applicable to parents.
- In this aspect, parents who pressure their children to engage in family occupations, as child artists (without permitting them to go to school), or any other banned businesses under the law could be punished.
Parents are initially punished with a warning under the law, but if they engage their child in illegal occupation again, they face a maximum fine of ₹10,000. Conclusion Child labour is one of the main reasons behind the harmful physical and mental development of children.
View complete answer
How much pocket money for a 13 year old in india?
According to a survey conducted by the Associated Chambers of Commerce and Industry of India (Assocham), Current Pocket Money Trends in Urban India, released earlier this month, schoolchildren and college students who were getting an average of Rs500 as monthly allowance till 2005 now get approximately Rs3,600.
Over 3,000 teenagers and young adults from New Delhi, Chandigarh, Ludhiana, Chennai and Kolkata were surveyed. Pocket money seems to begin as soon as children are able to count and start wanting things they can buy without necessarily taking the permission of parents. Children in the age group of 7-10 get an average of Rs100 per week as pocket money, which they normally spend on eatables such as chocolates and chips.
For older children, around 35% of the pocket money is spent on gadgets such as digital cameras, iPods, MP3 players, game consoles and cellphones. Movies, malls, food and eating out took up a sizeable chunk of allowances. Interestingly, children in the north get a much higher allowance than children in the south, with children from Chennai at the bottom of the heap in the survey. Divya Babu/Mint Main expense: Ahona mainly spends her pocket money on the cakes and besan ke laddoo sold in her school premises, or ice cream at the Mother Dairy outlet. “I really don’t go out for a movie or a burger or pizzas with my friends, and if it is my birthday, my mother gives me the money to treat my friends,” she says.
“I keep telling my mother to increase my allowance to at least Rs100, but she is determined that it stay at Rs70.” Parental guidance: According to mother Ajanta Dutt, pocket money as a concept came down from Enid Blyton books, where the children were actually dependent on pocket money they received for everything they needed.
“I want her to be aware that this is not money she has earned but cash she is getting, and realize its value, the effort that goes behind earning it,” says Ajanta. “We take care of her daily expenses, and she doesn’t really need any additional money.” Hriday Akashdeep, 12, Class VII, Mumbai Allowance: Rs500 a month. Abhijit Bhatlekar/Mint Main expense: He spends money on edibles such as chocolates, chips and juices, or the occasional toy. “Whatever I buy with my pocket money, I show my parents before buying it because it is better to get their approval rather than have them not approve of it after I’ve bought it,” says Hriday. Abhijit Bhatlekar/Mint Main expense: Akarsh spends the money on gifts such as perfumes and books for his parents and toys or books for his younger brother on birthdays, or saves up pocket money for a few months to buy himself a game CD. “My parents don’t let me spend it when we go out. Gireesh GV/Mint Main expense: “My mom’s deal was that I save half of my pocket money, but that was something I didn’t end up doing, so she has stopped it,” says Rhea. Now, Rhea takes money as and when she requires something. “If I’m going for lunch with my friends, I ask my mom for money, and she might give me Rs500-1,000, depending on where we are going and how long I plan to stay out, so I actually prefer it this way.” Parental guidance: Meena Sastry, her mother, says, “I thought having a fixed amount of pocket money would make her more responsible about money, but that didn’t happen, so now she gets no pocket money.” Riddhi Bisani, 13, Class VIII, Chennai Allowance: Riddhi lives in a joint family and her uncle is responsible for handling the children’s allowances in the family. Nathan G/Mint Main expense: She spends the money when she goes out with friends. “The other day we decided to treat ourselves at a bakery near school, and I spent Rs30. Another day, we just hung around eating pani puri from a roadside stall. That cost me only Rs10.” Riddhi also uses her allowance to buy birthday gifts for her friends.
- We always pool money for a gift.
- After I got my allowance, I put in Rs50 for a friend’s gift.” She likes to buy trinkets, such as hair clips, with her allowance and hopes she will soon be able to get nail polish of all shades too.
- Anything else I need, like clothes or paying for my dance lessons, will come from my parents” Parental guidance: Manoj Bisani, Riddhi’s uncle, says: “It’s better to give children money at the beginning of the month than have them ask you for money on a daily basis.
It’s inconvenient and uncomfortable for the child as well as us. I’ve also told Riddhi that she’ll get her next allowance only after she has finished spending the first one. An allowance is not meant for saving, but spending.” Tamanna Kapila, 14, Class VIII, Mumbai Allowance: Rs2,000 a month. Abhijit Bhatlekar/Mint Main expense: Tamanna uses this money to eat in the school canteen once or twice a week. She is a voracious reader, so she buys books ranging from classics such as Dracula, Pride and Prejudice, to young adult fiction from authors such as Stephenie Meyer or Lauren Weisberger.
She also spends on CDs with music by Justin Bieber, Akon and Bollywood dance numbers. “I budget for what I want to spend my allowance on at the start of the month itself. If I decide to buy books, then I won’t buy myself the CD that month.” Her priorities in terms of spending her pocket money are books, CDs and games.
For outings or movies with friends, she gets money over and above her pocket money. Parental guidance: “She is a sensible child,” says Chavi Kapila, her mother. “Often, she brings back the money left over from such outings and returns it to us.” “We are always around when she spends her money, and sometimes, if we feel something is not worth it, we do tell her frankly.
But we leave the decision to buy or not to her. She also uses her allowance to buy gifts for her friends on their birthdays.” Niranjana Ramesh contributed to this story. Write to [email protected] Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
View complete answer
What is the legal age to earn money in India?
7: Any other law apart from Child Labour (Prohibition & Regulation) Act which prohibits the employment of children below the age of 14 years? ➢ Mines Act, 1952: The Minimum age of a person to be employed in mine is eighteen years as specified under sub-section (1) of Section 40 of the Mines Act, 1952.
View complete answer
What should be pocket money of a 16 year old in India?
NEW DELHI: Middle class parents may be feeling the pinch of spiralling prices, but it seems their teenaged children have never had it so good. A survey finds that the pocket money of urban Indian kids aged 10-17 years has gone up more than four times in the past 10 years, and children in Delhi lead the pack with a princely average of Rs 1,800 to spend in a month.
No wonder, even the spending pattern of children in this age group is changing fast – it now typically includes investments on DVDs, mobile phones and multiple outings. According to the survey – “Trends of pocket money in urban areas” commissioned by industry chamber, Assocham – the average monthly allowance of urban children in this age group was Rs 300 in 1998.
It has now shot up to Rs 1,300. Kids in Bangalore are the richest after Delhi, with an average pocket money of Rs 1,600, followed by young Mumbaikars who get to blow up Rs 1,500. Children in Chennai follow close behind at Rs 1,450 per month while Kolkata kids seem to be poor cousins in comparison – they get just Rs 1,200.
- The survey was done through interviews with 2,500 children across the country.
- The survey said, in the 12-15 age bracket, the average monthly pocket money was Rs 125 in 1998.
- This has risen by 550% to Rs 800 at present.
- Principals say it is the “most natural thing” that Delhi with its substantial number of nuclear families and families where both parents earn, tops the chart.
Says Usha Ram, principal of Laxman Public School, “I can’t really give a quantitative tag to it but it is very obvious that pocket money has really gone up in the last few years.” “As a school we have had to consciously take measures to curb flaunting of wealth inside the school.
- Till Class V, a child cannot bring more than Rs 10 to school.
- After that, though we say that kids should not carry more than Rs 50, it is more difficult to enforce because there are children who come from some distance away and do not bring lunch either,” said Usha Ram.
- Many schools have banned on-campus birthday celebrations to maintain some kind of equality.
But, off the record, principals say it’s tough to rein in expenditure when parents are increasingly looking at money as a substitute for not spending time with their children. Some 65% of the children surveyed said that they received pocket money, with children aged between 15-17 years receiving an average of Rs 350 per week and those between 12-15 years getting about Rs 200 per week.
- In an interesting finding, the survey shows that girls aged between 15 and 17 years receive more pocket money than boys even though the trend is reversed for younger children.
- This may be because girls are supposed to be bigger spenders with their penchant for shopping, and more importantly, parents often trust daughters more,” said an Assocham official.
The amount spent on various items varies according to gender – girls spend the most money on clothes, cosmetics and toiletries while boys spend most on computer games etc. The allocation of pocket money was found to differ with age and gender with children aged between 15 and 17 years being more likely to receive it than those aged between 10 and 14 years.
In fact the amount is enough for children to save up for quite “grown-up” things, the survey showed, including vacations. A lot of times, pocket money is linked to academic performance. Of all the children interviewed, 24% said their pocket money increased once a year while 6% said it was revised more than four times a year.
For 26%, the timing of the increase varied while 22% said their pocket money never went up. Birthdays are the most common occasion for parents to revise the amount of pocket money they give, with the annual increase at times being as high as 33%. [email protected] Also Read
View complete answer
Who is 17 year old millionaire in India?
Global Reach – This was a step towards reaching a global audience. Luthra got his first breakthrough when he received a call from the late Apple CEO, Steve Jobs, for advice on Apple’s app store. “I was starstruck. I was a boy from India with little to no experience at the time, and here I was, talking to Steve Jobs,” Luthra was quoted as saying.
- Jobs had a group call with new developers, took their feedback about the brand’s app store, and shared his business experience and advice.
- Two years later, Luthra sold his company for a seven-figure amount.
- He was just 17 years old to attain the stature of a millionaire.
- But he had his share of criticism.
The 27-year-old says that many people doubted whether he would make a living out of it.”.but when my company sold for seven figures, I got my revenge,” Luthra said.
View complete answer
Who is the 16 year old billionaire?
Kim Jung-youn, daughter of Nexon-founder Kim Jung-ju, becomes the world’s youngest billionaire thanks to her inheritance from her late father. – 
Agencies Kim Jung-youn is the world’s youngest billionaire, according to reports. While both Kim and her elder sister Jung-min inherited equal shares of a 30.78 per cent stake each in NXC, the teenager has now become the world’s youngest billionaire.
View complete answer
Is becoming a millionaire in India easy?
There is no way anyone can become rich overnight. But it’s also true that accumulating wealth and financial security isn’t out of reach. You’ll have to put in a lot of time and effort to achieve the dreams you’ve always had. Increasing the value of your money can be accomplished in many ways, including cutting unnecessary expenses, investing wisely, and altering your way of life.
Creating a path to wealth necessitates more than just making wise financial decisions. To become wealthy in India, one must put in a lot of effort. It’s important to remember that patience also plays a role. It may sound impossible to some people, but becoming wealthy or a multi-millionaire is not an impossible challenge.
It requires the right set of skills and business acumen. So, do you want to know how to become rich in India ? We’ve compiled a list of the best businesses in India to start your million-dollar journey in this post. Pick and choose what works best for you from this list! Did you know? India is ranked 6th among the wealthiest countries, with a total wealth of USD 8,230 billion.
View complete answer
Can I work at mcdonalds at 16 in India?
Yes, but they need the consent of parents that they approved their children to get the job at McDonald’s. Do you accept 14 yrs old?
View complete answer
Is 16 a minor in India?
India – In all 28 states and 8 union territories, a minor is referred to as someone under the age of 18. In rare cases minors aged 16 or 17 who are charged with extremely heinous crimes could sometimes be treated as an adult.
View complete answer
How can I move out at 16 in India?
There is no legal procedure to leave the house of your parents. After attaining majority you are free to leave them and reside at a place of your will. Police has no authority under any law to take you back to your parents upon attaining age of majority i.e.18 years.
View complete answer
Can a 15 year old get a job in India?
Hiring children below the age of 14 years for any kind of work, other than in certain family-based work, is a cognizable offence and will attract a jail term of up to 2 years. Adolescents between the age of 14 – 18 years cannot be employed in any hazardous occupation.
View complete answer
Can you work at 15 in India?
No child below the age of 14 years shall be employed in work in any factory or mine or engaged in any other hazardous employment.
View complete answer
