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INDIAN WAR LOAN REPAYMENT
MP family gets response from UK debt office on Rs 35,000 loan given to British Empire during WWI in 1917; how much is it worth today, 109 years later?MP Man UK War Loan Claim: A 109-year-old war loan certificate has prompted an Indian family's renewed inquiry into a 1917 loan. The UK's De...- CA warns how 'no-cost EMIs' is keeping Indian middle class broke: ‘If you have to borrow for 36 months, you cannot afford it’CA Nitin Kaushik warns that “no cost EMIs” can leave India’s middle class financially stretched by encouraging lifestyle upgrades through d...
- Invoice discounting: Know how this fund-raising option works, its types, benefits and drawbacksIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
- Indian middle class going 'broke' due to common spending trap: CA warns about financial habit that drains even future wealthThe Indian middle class may be facing a financial problem that is easy to miss while incomes and spending continue to rise. A CA has now po...
- Rs 1 crore debt, no work and C-grade films: Golmaal actress reveals the struggle that left her with no choice and sold her soulActress Susmita Mukherjee found herself in a tough financial situation when her production company declared bankruptcy. This unfortunate tu...
- RBI allows gradual device restrictions for EMI defaults, eases recovery agent disclosure normsThe Reserve Bank of India will permit lenders to restrict devices bought on EMI financing. These restrictions will be gradual and only afte...
- RBI's draft curbs on revolving credit may impact NBFC flexi loans: Morgan StanleyThe Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial c...
- Rs 1 crore debt, children’s education abroad...: Why Shah Rukh Khan co-actress Sushmita Mukherjee did C-grade filmsSushmita Mukherjee opened up about doing films she was not proud of, revealing that financial struggles influenced her choices. After her m...
- Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCsShares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively ba...
- Renewable energy developers seek Rs 3,000 crore relief amid transmission bottlenecksRenewable energy developers are urgently requesting comprehensive financial assistance from the government due to significant delays in ess...
- RBI plans to bar NBFCs from offering revolving credit without approvalIn a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, N...
- Rajpal Yadav faces another blow as bank moves to auction two properties in Rs 16.61 crore loan recovery case; online bidding on September 9: ReportActor Rajpal Yadav's financial troubles escalate as two of his properties are set to be auctioned off to recover a staggering outstanding l...
- Indian Bank raising $400 million in overseas loan; syndication underwayIndian Bank has embarked on a significant financial undertaking by securing a four-year loan worth $400 million, underwritten by CTBC of Ta...
- Microfinance lending dips as uneven monsoon alters the landscapeIndia's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and l...
- Retiring with an EMI? Here's when it can make sense and when it could derail your retirementRetiring debt-free is an ideal goal, but not always achievable or necessary. Experts suggest focusing on EMI affordability rather than comp...
- DMRC's outstanding JICA loan stands at Rs 35,828 crore: GovtDelhi Metro Rail Corporation owes JICA thirty-five thousand eight hundred twenty-eight crore rupees. The corporation has already repaid nea...
- Czech proverb of the day: 'Nothing seems expensive when it is bought on credit'; life lessons on the dangers of overspending from popular sayingRelying on credit cards can certainly create an illusion of abundance and prosperity. However, a popular Czech proverb highlights how depen...
- Lavish wedding, Rs 15 lakh loan and zero savings: CA warns about a financial trap his friend will face for 5 yearsCA Nitin Kaushik highlighted the financial risks of funding a lavish wedding with debt after a close friend took a Rs 15 lakh loan despite ...
- Gold prices and long-term value: What you should knowLearn what influences gold prices, why gold is often considered a hedge against inflation, and how it can also support short-term financial...
- Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understandUnderstanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as t...
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