But remember, the lender’s internal limit of 40 per cent as EMI cap may not be realistic for everyone. For example, if you earn Rs 1 lakh and have expenses of Rs 30,000 a month, then you can easily go for a loan with Rs 40,000 EMI. But for someone with the same Rs 1 lakh salary, but having Rs 75,000 in expenses, will find the Rs 40,000 EMI unaffordable. … [Read more...] about Home loan: How much can you afford?
Just cause how to wreak havoc
Regional Disaster Management Cell chief Santosh Kadam told PTI that no one was hurt in the fire. He added that the cause of the blaze was yet to be ascertained. … [Read more...] about Fire at chemical factory in Dombivali, none hurt
The MPC has placed its CPI inflation projection for Q4 2019-20 at 6.5 percent, substantially higher than its December 2019 forecast of 5.1-4.7 percent for H2 2019-20, with risks broadly balanced. Moreover, it has considerably revised its CPI inflation forecast for H1 2020-21 to 5.4-5 percent from its December 2019 forecast of 4-3.8 percent, with risks broadly balanced. This is expected to be followed by a base effect-led fall in retail inflation to 3.2 percent in Q3 FY21. … [Read more...] about RBI Policy | Stance to stay accommodative as long as output gap is negative
The meeting lasted three hours. Val munched on Kit Kats and raspberry-flavored fig bars and drank coffee and Coke and smoked his e-cigarette and unspooled his story a final time. The agents told him they had started out investigating Deutsche’s money laundering in Russia—the notorious mirror trades—but they had widened their scope to focus on an array of potential criminality at the bank. They were interested in DBTCA. They were interested in Monte dei Paschi. They were interested in the Fed’s stress tests. (Soon the same agents would be in touch with a number of Deutsche whistleblowers. One of the employees who had complained to the SEC about how the bank was hiding billions of dollars in losses on derivatives got a call. So did Tammy McFadden, the former compliance officer who had raised concerns about Kushner’s company moving money to Russians. These former employees were more than happy to help bring the bank to justice.) … [Read more...] about How a Wall Street exec’s suicide led his son to share files on Trump’s favorite bank with the FBI
For the lenders, led by State Bank of India, there are few options. If the new suitors don't show up with a bid, liquidation will be the only other option to recover some part of the over Rs 8,000 crore that Jet owes them. The airline, overall, has a liability of over Rs 20,000 crore. … [Read more...] about Jet Airways gets new interest, this time from Russia’s Far East Development Fund