educationAre you heading overseas for higher studies in the coming academic year? If you have been granted admission to one of the many foreign institutions, you might also be seeking a loan to finance your studies since foreign education can be quite expensive.

Education loans are not difficult to get as many lenders are vying to offer finance to students. “Any person of Indian origin, between the ages of 16-35 years and pursuing a degree in India or abroad can apply for an education loan,” Adhil Shetty, CEO, Bankbazaar said.

But there are things you should be aware of before heading to the lender with your application. Firstly, education loans can be expensive and hence you should assess your future repayment capacity before signing the deal.

“Education loan interest rates are not low. In addition, it is compound interest, which means that your dues multiple phenomenally,” says Shetty. PSU banks usually charge 0.5-3% over the 1-year MCLR for education loans. This would work out to an interest rate of over 11 per cent at the higher end. The actual rate depends on the type of educational institution and the quantum of loan. Thus, loans for students joining premier institutions are much lower than a lesser ranked universities. Women applicants get a 0.05% rebate on the interest.

You must also assess your repayment capacity. “Defaulting on loans would increase your loan burden substantially. In case you actually end being unable to pay your education loan, you will be starting your career with a poor credit record and would be ineligible for further loans. Not just you but your family, who are your guarantor, could be held responsible and their assets will be used to clear your liabilities. So it is best to begin repaying your loan as soon as possible without utilizing the moratorium period to keep the interest rates to the minimum,” says Shetty.

Lenders provide a substantial period as a moratorium before the borrower starts making repayments. You do not need to start your repayments during your entire course span as well as for some more time post that. The Moratorium or waiver period varies from bank to bank and you should check with your bank about the waiver period before planning your education loan repayment. Shetty points out that banks start charging the interest on education loans immediately and not wait until the waiver period ends. So the longer you wait to begin the repayments, the higher interest you would be paying.

However, this should not deter you from approaching a lender if you need a loan. But before you head to a lender, you need to be prepared with all the necessary documents to get quick approval of your loan request.

“It is essential to have all required documents ready before applying for the loan. Students will be required to provide identity proof, age proof, and address proof and co applicant’s document which includes relationship proof, address proof, income document. They should also submit the admission letter with a fee structure. In a case of foreign bound students, they need to submit visa approval papers, Travel papers, GMAT /GRE Score etc,” says Amit Gainda, CEO, Avanse Financial Services Limited.

Published in World
Wednesday, 09 August 2017 12:25

Twitter Adds Zero New Users in Quarter 2

twitterTwitter has added zero users since the first quarter, posting $574 million in revenue in the second quarter this year which is a decrease of five percent YoY (year on year). Twitter now has 328 million monthly active users (MAUs) the same number it reported in the first quarter of 2017. On the contrary, Facebook has over two billion users, WhatsApp now reports over one billion daily users and Instagram 'Stories' has over 250 million users. The not so good results brought Twitter's stock down almost 12 per cent in trading on Thursday.

"Monthly active users (MAU) increased five percent YoY and daily active users (DAU) increased 12 percent YoY, marking the third consecutive quarter of double digit growth," said Jack Dorsey, Twitter's CEO, in a statement. Last quarter, the micro blogging platform had daily active user growth of 14 percent YoY. Twitter's net income in the second quarter was $56 million, or eight cents per share.

"We're strengthening our execution, which gives us confidence that our product improvements will continue to contribute to meaningful increases in daily active users," Dorsey added. "We continue to invest in revenue products and services that leverage Twitter's unique value proposition and are delivering more value to advertisers than ever, with double digit growth in daily active users, improvements in ad relevance and better pricing," added Anthony Noto, Twitter's COO. Twitter was now more focused towards video streaming on its platform.

"We're proud of our strong growth in video, which remained our largest and fastest growing ad format, and we received a positive response from advertisers around the live premium video content debuted at Twitter's Digital Content NewFronts," Noto said. Despite stalled user growth, Twitter was now exploring new revenue streams and ways of innovation. When it comes to "Promoted" tweets, the number of brands using Twitter for advertising has been on the rise. Globally, in the first quarter of 2017, Twitter streamed more than 800 hours of live premium video from content partners across over 450 events, reaching 45 million unique viewers an increase of 31 per cent from the fourth quarter of 2016.

Published in Technology

949886-CM-Making-Mockery-Of-Farmers-Plight-In-HisCongress leader and former Union Minister Jyotiraditya Scindia was on Tuesday arrested along with some party leaders while on way to Mandsaur to visit the families of the farmers killed in firing, police said.

Superintendent of Police Manoj Singh said Scindia was arrested along with Congress MP Kantilal Bhuria and other party leaders at Dadar checkpoint in Mandsaur district of Madhya Pradesh.

Congress sources said Scindia was heading from Ujjain along with his supporters but they were stopped before Mandsaur.

A clash later broke out between Scindia's supporters and the policemen on duty.

"Section 144 has been imposed in Mandsaur and, therefore, this makes it absolutely clear there is no peace there. I want to go alone but still the police are not permitting me", Scindia told media prior to his arrest.

"The Madhya Pradesh Chief Minister ended his fast claiming that peace has returned to the region. But this makes it clear there is no peace there and Chouhan's fast was a pretense", breathe added.

Earlier today, Patidar quota stir leader Hardik Patel was detained in Neemuch district of Madhya Pradesh while he was on his way to Mandsaur.

Patel, who had arrived in Udaipur yesterday, left for Mandsaur today morning but was stopped in Neemuch by the police. He was detailed brief period and was let off soon.

The Mandsaur-Neemuch region, about 300 km from Madhya Pradesh capital Bhopal, became the nerve center of the storm of farmer distress, as protests over low prices for crops and heavy farm debts started on June 1 and snowballed into a widespread agitation.

In Mandsaur, curfew was imposed after the Six farmers were killed in two incidents of police firing during the protest on June 6.

News Source: India TV

Published in Politics

shutterstock-pregnantDon’t eat meat, say no to sex after conception, avoid bad company, have spiritual thoughts and hang some good and beautiful pictures in your room to have a healthy baby.

This is the ministry of Ayush’s prescription for pregnant women in India, where 26 million babies are born each year.

Put together by the government-funded Central Council for Research in Yoga and Naturopathy (PDF,159 KB), whose website describes yoga and naturopathy as “the good old Indian traditional systems of health care having the history of centuries”, the recommendations are part of a booklet called Mother and Child Care. The booklet was released by minister of state for Ayush Shripad Naik in the run up to International Day for Yoga on June 21.

Naik could not be reached for comments. Both his mobile phones were switched off.At least this advice comes free. Last month, the Jamnagar based Garbhvigyan Anusandhan Kendra made news for charging couples to conceive the “best progeny” through purification (shuddhikaran), having sex on auspicious days and abstinence after conception.

“The advice is unscientific. Protein deficiency malnutrition and anaemia are health concerns for pregnant women and meats are a great source of both protein and iron, which is better absorbed from animal sources than plant sources,” says senior gynecologist and obstetrician Dr. Malavika Sabharwal with Jeewan Mala Hospital and Nova Specialty Hospitals of the Apollo Healthcare Group.

As for sex, if the pregnancy is normal, there is no need for abstinence as the baby in the womb is protected by the amniotic fluid and the uterus muscles.

“Caution is advised during the first trimester when the placenta is low lying and for complicated pregnancies, where there is a miscarriage risk,” says Dr. Suneeta Mittal, director of the obstetrics and gynecology at Fortis Gurgaon.

Some studies show that the mother’s stress, anxiety, and depression may affect the baby’s development.

“Pregnant women need to be happy and instead of being prescriptive about what they should think and do to be happy, we must urge them to do things they enjoy and strongly advise the family be too supportive,” says Sabharwal.

New source: hindustantimes

Published in Health

health mediIndia added 450 million people over the 25 years to 2016, a period during which the proportion of people living in poverty fell by half. This period of rising prosperity has been marked by a "dual - disease burden", a continuing rise in communicable diseases and a spurt in non - communicable or "lifestyle" diseases, which accounted for half of all deaths in 2015, up from 42 per cent in 2001-03.

The result of this disease burden on a growing and aging population, economic development and increasing health awareness is a healthcare industry that has grown to $81.3 billion (Rs 54,086 lakh crore) in 2013 and is now projected to grow at 17 per cent by 2020, up from 11 per cent in 1990.

As that happens, in rural areas, mobile technology and improved data services are expected to play a critical role in improving healthcare delivery. Although limited, some companies are also investing in innovative services and creating lucrative yet low - cost digital and device solutions, an example of which would be GE Healthcare's Lullaby Baby Warmer.

However, despite some advances, India's healthcare sector must deal with a plethora of challenges.

With the lowest government spend and public spend, as a proportion of gross domestic product (GDP), and the lowest per capita health spend China spends 5.6 times more, the US 125 times more Indmet more than 62 per cent of their health expenses from their personal savings, called "out - of - pocket expenses", compared with 13.4 per cent in the US, 10 per cent in the UK and 54 per cent in China.

India's existing infrastructure is just not enough to cater to the growing demand.

While the private sector dominates healthcare delivery across the country, a majority of the population living below the poverty line (BPL) the ability to spend Rs 47 per day in urban areas, Rs 32 per day in rural areas continues to rely on the under - financed and short staffed public sector for its healthcare needs, as a result of which these remain unmet.

Moreover, the majority of healthcare professionals happen to be concentrated around urban areas where consumers have higher paying power, leaving rural areas underserved.

India meets the global average in a number of physicians, but 74 per cent of its doctors cater to a third of the urban population, or no more than 442 million people, according to a KPMG report.

India compares unfavourably with China and the US in a number of hospital beds and nurses. The country is 81 per cent short of specialists at rural community health centres (CHCs), and the private sector accounts for 63 per cent of hospital beds, according to government health and family welfare statistics.

New source: health news

Published in Health

bse-kxlEconomic growth in India has been hobbled by what has been termed the twin balance sheet problem excessive corporate debt, mirrored in the mounting bad loans of banks. Companies are reluctant to take on more debt as a result, while banks are wary of lending. Do the corporate financial results for the March quarter show any improvement in corporate balance sheets, any signs of breaking away from this logjam?

One important yardstick to find out whether the corporate debt problem is getting better is to look at the interest cover. Interest cover measures the extent to which a firm’s earnings are sufficient to pay interest charges. It is the earnings before interest and tax divided by interest charges. The higher the cover, the more comfortable can the firm pay its interest expenses. The Centre for Monitoring Indian Economy (CMIE) database shows a distinct improvement in the interest cover of the manufacturing sector, excluding petroleum products. Interest cover moved up from 2.6 times for the December 2016 quarter to 3.2 for the March 2017 quarter. It’s easy to figure out why banks lowered their interest rates substantially during the last quarter and this has been reflected in the financial results of BSE companies. One big reason for banks’ lowering interest rates, of course, is the huge influx of deposits as a result of demonetization, which led them to lower deposit rates as well as loan rates.

New source: livemintnews

Published in Health

chimp main 1Hercules and Leo are only 11 years old, but they’ve already come close to retiring twice. The two chimpanzees, born and raised at Louisiana’s New Iberia Research Center, became lab animals at the State University of New York at Stony Brook in 2011. There they shared a three-room enclosure, where scientists inserted small electrodes into their muscles to study the evolution of bipedalism. In 2013, they were the subject of an unusual legal gambit. An animal rights group sued to declare the pair legal persons and retire them to a Florida sanctuary, but the effort failed.

Two years later, Hercules and Leo returned to New Iberia, where they mingled with other chimps in outdoor domes with ladders and ropes. But retirement to a sanctuary, where they could climb real trees and have more room to roam, again seemed imminent: The U.S. government had just effectively ended invasive work on chimpanzees, and many observers expected all lab chimps to move to sanctuaries in short order. Yet today, Hercules and Leo, along with nearly 600 of their kind across the country, remain at research facilities. It’s unclear when or whether they’ll leave.

In the past 2 years, only 73 chimps have entered sanctuaries, and the slow pace has heightened tensions between the laboratory and sanctuary communities. There’s plenty of blame to go around. Labs have dragged their feet, sanctuaries haven’t expanded quickly enough, and the government itself didn’t have a concrete plan for retirement, despite setting the process in motion in the first place.

“The biomedical community has spent years defending the use of chimpanzees in research instead of figuring out how to retire them,” says Brian Hare, an evolutionary anthropologist at Duke University in Durham, North Carolina, who has studied chimpanzee behavior at sanctuaries around the world. “Now we’re scrambling to do something about it.”

New source: science news

Published in Science

De-Villiers Getty-copyDismayed by South Africa's capitulation, former skipper Graeme Smith said the Proteas were simply unrecognisable during their timid loss to India in the do-or-die Champions Trophy clash.

South Africa were hammered by eight wickets in the virtual quarterfinal match, in which they could only post 191 after being invited to bat.

"I still care deeply about the environment that I spent so much time building as a player, and it hurts to see such an unrecognisable South Africa performance," Smith wrote in his column for the ICC's official website.

News Source: News18

Published in Sports
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