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Quota bill: Rajya Sabha approves 10 per cent reservation for upper caste poor

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The 124th Constitution Amendment Bill, 2019 to award 10 per cent reservation to economically weaker sections was passed with majority in Rajya Sabha after a 10-hour long debate. Quota bill in the Rajya Sabha:   The 124th Constitution Amendment Bill, 2019 to award 10 per cent reservation to economically weaker sections was passed with majority in Rajya Sabha on Wednesday. After 10-hour long debate, most of the members in the Upper House of the Parliament agreed to go ahead with the bill despite opposition from some parties. The Congress party supported the bill in Rajya Sabha today, but raised question over its timing and implementation. Congress Rajya Sabha member Anand Sharma says the bill is being introduced considering the Lok Sabha elections, which are scheduled to be held in May. "We understand what is happening, we are not kids," says the Congress leader Anand Sharma. If the clauses are added to the Constitution after this bill, I believe that even the ...

Flexi Personal Loan (Flexi Cash)

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Flexi Personal Loans in India People love to go after products with an additional feature that others don’t offer. Be it a beauty product or an electronic gadget, customers love to own something different. Financial products is not an exception for this. If you wish to avail a  personal loan  with the freedom to choose the type of interest you pay and an added option to withdraw it whenever you are in need of financial assistance and pay interest only on the amount withdrawn, flexi personal loan is your answer. In other words, flexi personal loans is an overdraft facility offered by banks to its trusted customers. It is a pre-approved cash limit available in the customer’s kitty that can be withdrawn whenever the customer is in need. Whether you need to go on a shopping spree or pay off your high interest debts, FelxiCash makes sure that you have the money ready to use. Benefits of Flexi Personal Loans or FlexiCash Liquid cash is available when you really need ...

Personal loan vs overdraft vs credit card

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Which one is the best option for you?  Personal loans, overdrafts, and credit cards might seem similar on the surface, but each have certain features and benefits  that make them a better choice depending on your individual circumstances. How will you know which is the best option for you? We’ve outlined the main differences here.  Personal loan: a  personal loan  provides a lump sum of money, which is required to be repaid regularly over a set period of time. Interest is charged on the entire amount of the loan.  Overdraft : an  overdraft   is generally attached to an everyday transaction account, and acts like a revolving line of credit. It lets you access additional funds when your account balance reaches zero. You are approved for a certain limit and can draw as much as you need up to that limit. You are only charged interest if you use funds from your overdraft. Credit Card: a credit card is also a revolving line of...
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These days home loan companies are offering many customized repayment options to suit the borrower’s loan requirements. Among these options, some provide flexibility in repaying the loan, while others are linked to the various stages of the house construction. Overall, these plans are for the benefit of both the lender and the borrower. Some of these plans can even increase the repayment capacity of the borrower along with some tax benefits. A Home Loan which starts with Delayed EMI Payments A home loan with delayed EMI payments is a very good option for some of the borrowers who are not able to pay the EMIs at the beginning of the loan tenure. This option offers the home loan borrower to begin the repayment of their home loan later. This facility is provided by SBI with which flexi pay is available where the borrower is not bound to make repayment anywhere between 36 months and 60 months. This period is known as moratorium period and during this, the home loan borrower need...
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All You Need to Know about Commercial Property Loans Taking a loan for residential property is a common thing nowadays but there are many people who want to take a loan for an office space or for an outlet but they are not able to get as they have very limited knowledge on it. Yes! It is possible to get a  commercial property loan  as some banks provide this facility. But there is differences when you go for a residential property loan and a commercial property loan which you need to know. You can get a commercial property loan to serve either of the two purposes: For an office space For outlets These two categories can be further categorized into two – ready to occupy and under construction. A majority of the lenders hesitate to lend for the commercial properties and the reason behind this is most of the people who apply for a commercial property loan are investors. The lenders are happier to lend a commercial property loan to the individuals who want ...
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What are affordable home loans and how they impact you Housing projects: Then and now For a long time most of us watched as developers launched premium projects one after another. Each one promised better amenities, location and quality than the other. So much so, that supply of flats was soon more than the demand. So, many projects were left with unsold units. But most of these projects were beyond budget for the common man even if he took a home loan. So a large section of our population was completely neglected. This picture has been changing rapidly over the past few years. Affordable housing is the new mantra. 3 Categories were identified under the Pradhan Mantri Awas Yojana last year: Economically Weaker Section (EWS) – With family income less than Rs.3 Lakh a year Low Income Group (LIG) – With family income less than Rs.6 Lakhs a year Middle Income Group (MIG) –  With family income less than 12-18 Lakhs a year   The Government is working in Private ...
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