Under PMAY (Urban) scheme, Centre provides a direct subsidy to urban buyers of affordable homes. The credit-linked subsidy classifies applicants under four groups -- Economically weaker section (EWS), Light income group (LIG), Middle-income group (MIG I), and Middle-income group (MIG II) -- for considering the qualification. Under the scheme, those purchasing a new affordable home can avail a concession in interest of about 3-4 per cent on the amount borrowed, subject to certain conditions. On an average, PMAY scheme home loans carry a subsidy amount of up to Rs 2.67 lakh, with a much lower interest rate of 6.50 per cent per year. … [Read more...] about PMAY Subsidy: Learn How PMAY Subsidy Make Home Loan Cost Effective
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While MWC 2020 may have been called off because of the coronavirus outbreak, but this hasn't stopped February from being a mega-month for smartphones. Samsung and Xiaomi have unveiled their flagship smartphones, while Realme, Vivo, iQOO, Oppo, and Huawei are gearing up to follow suit. The latest comes from China's biggest smartphone player’s camp. … [Read more...] about Huawei could take the lid off P40 series and Mate Xs during February 24 launch event
2 p.m. I do a quick check-in on Instagram and Facebook and scroll through some of the photos our recipients are posting to see how arrangements [look] when they arrive. Social is kind of a slippery slope on holidays; it’s easy to get sucked down the rabbit hole. Valentine’s Day, in particular, is hard for me. Most of the year, the majority of our customers are women buying for other women. For Valentine’s Day, this flips on its head, and for most men, the stakes feel really high. So if anything goes wrong, it can get hairy in the comments section. Flowers sitting on frozen porches all day is one of the biggest culprits this time of year. I have some incredible team members who handle the majority of this now, but I can’t help but look and address some of it myself during these busy times. … [Read more...] about Farmgirl Flowers CEO Christina Stembel normally sleeps just 4 hours per night
India's trade with the US now resembles, in terms of volume, America's trade with South Korea ($167 billion in 2018) or France ($129 billion), according to Council on Foreign Relations.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about India hitting US ‘very hard’ on trade; will ‘talk business’ with PM Modi: Trump
The health industry’s problem with Medicare for All When it comes to Medicare for All—Bernie Sanders’s policy to turn the government into America’s one and only healthcare payer and save us from a profit-driven healthcare system—the people pocketing the $3.6 trillion Americans spend on healthcare every year foresee some problems with it. Here is the logic as told to me: Let’s say Medicare for All gets passed. The new rule would simplify billing and reduce costs immediately. There would also be an opportunity to shift to a more value-based, preventative healthcare model. However, it would kill off a significant number of jobs. The health insurance industry employs roughly 500,000 people, per the New York Times, which says nothing of the large numbers of administrative people hired in doctors’ offices and hospitals. Economist Robert Pollin estimates the job losses from such a shift would be 2 million. Critics of this argument say that perhaps it … [Read more...] about Can high-tech capitalism fix the healthcare industry?