The best part is that the insurance behemoth doesn’t consider the credit worthiness or the CIBIL score as a parameter for offering this loan as it is an advance paid against the policy’s maturity proceeds. However, income proof and bank statements apart from the original policy documents are needed while requesting for a loan. … [Read more...] about All you need to know about loans against insurance policies
Credit ecosystem rejig and policy stimulus needed for infrastructure
They gently refute a common refrain among Republicans in Congress: that Americans returning to work will repair the economy. The economists write that “consumer spending accounts for about two-thirds of the GDP so reviving the economy will require sustained efforts to strengthen it. Even after businesses start to reopen and jobs begin to come back, there will be significant economic fallout, and demand will continue to lag if people don’t have money to spend.” … [Read more...] about Second stimulus checks? Direct payments should be automatic and ongoing, say 156 top economists
But the party backtracked after coming to power. “Under the existing scheme of state disaster response fund/national disaster response fund of the ministry of home affairs, there is no such provision to declare any disaster including floods as a national problem/calamity,” Union Minister of State for Jal Shakti Rattan Lal Kataria had told Parliament on July 18 last year in response to a question from Assam Congress lawmaker Pradyut Bordoloi. … [Read more...] about Assam flood policy: Flip-flop on national calamity tag hurting state
He added that the two governments were in talks to re-negotiate the air service agreement. According to the agreement, there are 1,068 flights a week between destinations in the two countries. The ambassador said 1.38 lakh seats were being sold by UAE carriers a week. … [Read more...] about International flights | SpiceJet Chairman Ajay Singh and UAE Ambassador wrangle over open-sky policy
Since gold has always been a reliable ally during financial hardships, many people are turning to the yellow metal during this COVID-19 crisis. With business operations coming to a halt during the lockdown, many people had to stay home, and that meant deferred salaries, pay cuts or even job losses. And those without savings have had to look elsewhere to make ends meet. … [Read more...] about How can a Gold Loan help you fulfil all your financial needs on your own?