Tag: Finance

JK Bank Bike, Scooty Loan Finance Scheme Check Eligibility
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PURPOSE
For purchases of fresh Two wheelers i.e. Scooters, Scooties, Motor Cycles, Mopeds, Battery-Operated Scooters etc of any make and model.
ELIGIBILITY
Employees of Government/Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or Reputed Establishments.
Professionals or Self-employed individuals / Businessmen / Employees on contractual basis (Rehbare-I-Talim, Rehbare-I-Zerat)
Pensioners , Family Pensioners drawing their pensions from our Bank.
Persons engaged in Agricultural and allied activities.
Students with a parent (Mother or father or both) as Co-borrower. Income of both the father and mother can be considered for arriving at quantum of finance and repaying capacity.
Housewives aged 18 years & above, with spouse as Co-borrower. Income of the spouse shall be considered for finance.
Minimum employment
(Applicant/Co-borrower): The applicant must have been in current employment for a period not less than 6 months or must have a business standing of at least 1 years.
Employees on contractual basis in Government / Semi-Government undertakings, Autonomous bodies & public Sector undertakings shall also be eligible, if they have been in current contractual job for a period not less than 1 year and the remaining contract period is longer than the chosen repayment period.
AGE
Minimum age of applicant/co-borrower: 18 years
(16 years for purchase of scooter having engine capacity below 55CC).
Maximum age of applicant at loan maturity: 65 years.
INCOME CRITERIA
Minimum Net Annual Income : Rs. 75,000/- .
QUANTUM OF FINANCE
Minimum: Rs.25,000/-
Maximum: Rs.2,50,000/-
MARGIN
10% of the ex-showroom price for Two wheelers with ex-showroom price up to Rs.1,00,000/-.
20% of the ex-showroom price for Two wheelers having ex-showroom price above Rs.1,00,000/-.
REPAYMENT PERIOD
Maximum period of 60 months.
RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR+2.00% (Fixed) RLLR+1.50% (Floating)
Click here for rate of Interest
Rebate of 25 basis point for female borrowers.
SECURITY
Primary
Hypothecation of Two – Wheeler to be purchased.
Collateral
a) No third party guarantee required in respect of permanent employees of State / Central Government, State / Central Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
b) Guarantee of one person for all others.
PREPAYMENT CHARGES
Nil
PROCESSING CHARGES
1% of Loan amount to be paid upfront subject to a
Minimum of Rs. 500/- and
Maximum of Rs-2000/
The post JK Bank Bike, Scooty Loan Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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#Bank #Bike #Scooty #Loan #Finance #Scheme #Check #Eligibility
( With inputs from : kashmirpublication.in )
February 2, 2023
Education Qualifications of India’s Finance Minister Nirmala Sitharaman – TheNewsCaravan Newspaper

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Nirmala Sitharaman was born and brought up in a Tamil Iyengar family, She completed her schooling from Madras and Tiruchirappalli.
She pursued Bachelor of Arts degree in economics at the Seethalakshmi Ramaswami College, Tiruchirapalli in 1980, Master of Arts degree in economics and M.Phil. from Jawaharlal Nehru University, Delhi in 1984.
Wikipedia states that she enrolled for a Ph.D. program in Economics with a focus on Indo-Europe trade; but later left this program and moved to London because of which she couldn’t complete her degree.
Also Read: Budget adopts seven priorities to guide India through Amrit Kaal: FM
Nirmala Sitharaman Career
Niramala Sitharaman also served as the Defence Minister of India. She was India’s second female defence minister and the second female finance minister after Indira Gandhi, and the first full-time female minister to hold each of those portfolios. She has also served as a national spokesperson for the Bharatiya Janata Party.
Wikipedia claims that Sitharaman joined the BJP in 2006 and was appointed as a spokesperson for the party in 2010. In 2014, she was inducted into Narendra Modi’s cabinet as a junior minister and in June 2014, she was elected as a Rajya Sabha Member from Andhra Pradesh.
In another life update, Niramala Sitharaman got featured in the Forbes 2022 list of World’s 100 most powerful women and secured rank 36. She was also ranked as most powerful woman in India by Fortune.
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#Education #Qualifications #Indias #Finance #Minister #Nirmala #Sitharaman #TheNewsCaravan #Newspaper

( With inputs from : www.TheNewsCaravan.com )

February 2, 2023
JK Bank Laptop/ PC Finance Loan Scheme Check Eligibility
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NATURE OF FACILITY
TERM LOAN.
PURPOSE
To provide finance for purchase of Laptop/ PCs / Netbooks / Tablets.
ELIGIBILITY
Permanent Employees, Contractual employees, Professionals, Self-employed Individuals, Proprietorship concerns, Teachers under Rehaber-a-Taleem J&K Govt., Officials under Rehaber-a Zeerat , J&K Govt., Pensioners drawing their monthly pension through our bank.
Employees of Private Limited Companies, Private Organizations, Reputed Establishments.
Regular students of recognized schools, colleges & universities.
Regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).
AGE OF THE APPLICANT
Minimum age: 18 years.
Maximum age at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
For others: 70 years.
QUANTUM OF FINANCE
Maximum of Rs.1,50,000/=.
MARGIN
10%.
SECURITY
PRIMARY:
NIL for loans up to Rs. 50000/-
Hypothecation of Laptop/PC/Netbook/ be purchased, if loan amount is above Rs. 50,000.00
COLLATERAL:
Nil for:
Government employees drawing salary through our Branches & where letter of confirmation is available.
Platinum / Gold / Premium plus Current account holders, having maintained satisfactory accounts for at least last 6 months.
Cash Credit / SOD account holders having a sanctioned limit above Rs 5 lacs and minimum average utilization percentage above 60% from at least 6 months prior to this facility.
Customers having Fixed Deposit accounts of value more than Rs. 5 Lakh in the Business unit sanctioning the facility. The deposit should be more than 3 months old at the time of disbursement of the loan.
Third Party Guarantee of one person for all other categories.

PROCESSING CHARGES
NIL
RATE OF INTEREST (SUBJECT TO CHANGE)
3 year MCLR plus 2.50%, fixed.
Click here for rate of Interest
REPAYMENT
12 to 48 months in equated monthly installments.
No Pre-payment Charges
MORATORIUM PERIOD
Nil
The post JK Bank Laptop/ PC Finance Loan Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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#Bank #Laptop #Finance #Loan #Scheme #Check #Eligibility
( With inputs from : kashmirpublication.in )
February 1, 2023
Andhra Pradesh Finance Minister welcomes Union Budget’s proposals

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Amaravati: Andhra Pradesh Finance Minister B Rajendranath Reddy on Wednesday welcomed the Union Budget hailing it as an appropriate one in the current times after the COVID-19 pandemic.
Thanking the Centre for accepting Andhra Pradesh’s suggestions during the pre-budget meetings, Reddy said the state along with its people appreciate the increase in the Income Tax rebate slabs.
He said the Central government’s initiative of setting up an Urban Infrastructure Development Fund is one of the suggestions made by Andhra Pradesh.
Reddy further said the reduction in the excise duty on aqua feed is one of the suggestions made by the state that was accepted by Union Finance Minister Nirmala Sitharaman.
Increasing PM Awaas Yojana allotments by 60 percent, providing importance to new railway lines, allocation of Rs 10 lakh crore to infrastructure creation, setting up 175 new nursing colleges and opening new digital libraries are some of the initiatives that would benefit Andhra Pradesh, he further said.
Meanwhile, Leader of Opposition and former chief minister N Chandrababu Naidu, in a statement, described the Union Budget as a progressive one and said the ruling YSRCP MPs failed in putting pressure on the Centre for granting more allocation to the state.
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#Andhra #Pradesh #Finance #Minister #welcomes #Union #Budgets #proposals
( With inputs from www.siasat.com )

February 1, 2023
Finance Minister to present Union Budget today

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New Delhi: Union Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 on Wednesday in Lok Sabha.
She will lay a statement of the estimated receipts and expenditure of the government for 2023-24.
The Finance Minister will also lay statements of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, on medium-term fiscal policy cum fiscal policy strategy and on macro-economic framework.
Sitharaman will further introduce the Finance Bill 2023 in the Lower House.
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#Finance #Minister #present #Union #Budget #today
( With inputs from www.siasat.com )

February 1, 2023
Meadows ally set to plead guilty for illegal campaign finance contribution

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Bennett did not respond to messages seeking comment, but her attorney said in a statement that the case “involves a technical violation of campaign-finance regulations, based on a loan from a family member.”
“Lynda looks forward to putting it behind her,” Kearns Davis, Bennett’s attorney, said.
An attorney for Mark Meadows also did not immediately respond to a request for comment.
Bennett’s campaign finance records don’t immediately make clear which contributions prosecutors believe to have been unlawful. Bennett’s reports indicate she loaned herself $80,000 at the end of 2019 and paid a portion of it back. Her report terminating her political committee did not list any outstanding balance.
Campaign finance laws limited individual campaign contributions for the 2020 election cycle to $2,800 in the primary and $2,800 in the general for an aggregate total of $5,600 in that campaign cycle. However, candidates can make unlimited donations or loans to their own campaigns.
Meadows backed Bennett to replace him in Congress after he resigned his seat to join the Trump White House, until she lost the primary to Cawthorn. Then-President Donald Trump also endorsed Bennett in the primary, and Republicans in North Carolina worried that Meadows’ aggressive effort to steer his seat to an ally might backfire.
Meadows’ wife Debbie was active in support of Bennett on the campaign trail and Meadows pointed to his wife’s closeness with Bennett to underscore her support for Trump.
Mark Meadows is facing intense legal scrutiny for his role in Donald Trump’s effort to subvert the 2020 election. Prosecutors in Washington and Georgia are investigating the effort, as well as the role that some of Trump’s close allies played.

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#Meadows #ally #set #plead #guilty #illegal #campaign #finance #contribution
( With inputs from : www.politico.com )

January 30, 2023
15 Kanals land illegally occupied by Ex Finance Minister retrieved in Shopian

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Srinagar, Jan 28: The authorities on Saturday said it retrieved about 15 kanals of land illegally occupied by former Finance Ministe Haseeb Drabu during the ongoing eviction drive in south Kashmir’s Shopian district.
An official told the news agency—Kashmir News Observer (KNO) that around 100 Kanals of land which was illegally occupied was retrieved today.
He said among these 100 Kanals of land, 15 Kanals high value orchard land was illegally occupied by former Finance Minister Haseeb Drabu.
“Among the 100s of kanals of illegally occupied land freed today, Shopian administration retrieved 15 Kanals of illegally occupied high value orchard land from former Finance Minister Haseeb Drabu (15 Kanals). Govt’s zero-tolerance policy ensures land is used for public benefit,” he said—(KNO)
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#Kanals #land #illegally #occupied #Finance #Minister #retrieved #Shopian
( With inputs from : roshankashmir.net )

January 28, 2023
Pakistan Finance Minister seeks divine intervention to rescue sinking economy

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Islamabad: As the Pakistan government struggles to arrest the worsening economic crisis, Finance Minister Ishaq Dar sought to allay concerns by invoking divine favor, saying that the country was the only country founded in the name of Islam “and Allah Almighty is responsible for its development and prosperity”.
Speaking at the inauguration ceremony of the Green Line Train in Islamabad, the Finance Minister said that he had full faith that Pakistan would progress because it was created in the name of Islam, The Express Tribune reported.
He said “if Allah can create Pakistan, then he can also protect, develop, and make it prosper”, adding that under the leadership of Prime Minister Shehbaz Sharif, the government was trying its best to lift the country out of the quagmire.
Dar said that the government inherited several problems from the previous government, adding, the government was working day and night.
“The team is trying to improve the situation ahead of the elections.”
The Finance Minister further said that the economy of Pakistan was destroyed in five years, but the government of the coalition parties wants to improve it till the next elections.
He said the country is still suffering due to the “drama” that started five years ago and insisted that the economy was strengthening during Nawaz Sharif’s tenure from 2013-2017, The Express Tribune reported.
The Finance Minister added that Pakistan Stock Exchange was the best-performing capital market in South Asia and ranked fifth in the world during Nawaz’s era and the sights of the world institutions were set on it.

However, he regretted that the country was today paying the price for the “Panama drama”, the ouster of the PML-N government, and other issues it faced over the last five years.
“Pakistan was on the growth track during Nawaz’s tenure, but it was derailed,” he added.
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#Pakistan #Finance #Minister #seeks #divine #intervention #rescue #sinking #economy
( With inputs from www.siasat.com )

January 28, 2023
Campaign finance regulator asks Santos to clarify who’s in charge of his political accounts

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Santos told CNN on Wednesday that he had no involvement with the amended filings, saying he “[did] not touch any of [his] FEC stuff.” It was still not clear on Friday who actually filed the Wednesday amendments that bore Datwyler’s electronic signature, although the number of people who would typically have access to a congressional campaign’s system for submitting filings to the FEC is small.
Neither Santos’ attorney nor Marks responded to multiple inquiries this week about who is currently serving as the campaign’s treasurer.
Campaigns are required to have a treasurer in order to carry out most functions, including accepting contributions. Santos’ campaign was still listed as accepting contributions via WinRed, the widely used Republican fundraising platform, as of Friday. WinRed processed more than $1 million in transactions for his campaign during the 2022 cycle, according to a POLITICO analysis of FEC data.
The company did not respond to inquiries about Santos’ use of its platform this week. But NBC News reported on Friday that the company had reached out to the Santos campaign over its reports, which show the committee paying more than $200,000 in fees to WinRed. That’s a greater total than would be expected based on the campaign’s total fundraising on the platform.
Santos, who was sworn into Congress earlier this month just weeks after The New York Times reported he had fabricated much of his biography, is also facing several campaign finance complaints before the FEC.
Complaints filed by nonprofits including the Campaign Legal Center and End Citizens United allege Santos may not have had the personal funds to loan his campaign the $700,000 it reported receiving from him last year, and the complaints also allege that his campaign may have misreported components of its spending. The Santos campaign reported dozens of transactions charged at exactly $199.99, just 1 cent below the threshold that required the campaign to keep receipts detailing the expenditures. Federal and local prosecutors are also investigating Santos’ finances, but he has not been charged with a crime.
The FEC has sent more than two dozen letters to Santos’ campaign and affiliated groups in the past two years. While the agency frequently sends such letters to campaigns to correct mistakes in filings, Santos’ political groups have received more of the notices than is typical.
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#Campaign #finance #regulator #asks #Santos #clarify #whos #charge #political #accounts
( With inputs from : www.politico.com )

January 28, 2023
Here’s Everything that You Need to Know About Fast Cash Loans

Fast cash loan refers to a loan in which borrowers don’t have to wait for long to get their funds or get approved. This requires minimal documentation, and hence opting for this can be perfect for those people who need some emergency cash or when they are going through bad days.
Since fast cash loans have been gaining popularity recently, here is everything that you need to know about them before you apply for one:
1. What’s the process for getting a fast cash loan? When you are applying for a fast cash loan, you don’t require collateral, making it easy for you to get a loan. You can either apply for it near a store or get it by filling out an online application on the lender’s app or website. Your loan application only takes a few hours to get approved, and you don’t necessarily need a good CIBIL score.
When you apply for a fast cash loan, your lender might ask you for your income proof, personal contact details, identity proof, and they’ll also check your account information.
2. Fast loans are easy to qualify As the title suggests, fast loans are easy to qualify for and have easy qualification criteria. Your credit score is rarely taken into consideration which means that the chances of your loan getting denied are rare. Since these lenders don’t consider your credit score while giving you a loan, your credit score doesn’t get affected negatively.
3. Fast cash loans don’t allow you to borrow a large sum of moneySince fast cash loans are easy to get, they don’t allow you to borrow a large amount of money. These loans are meant to help you in emergencies like an accident, medical sickness or something else, and the interest charged is usually higher than other available loans. Hence, when you are applying for a fast cash loan, make sure you don’t demand a lot of money.
4. Your credit score isn’t required while taking a fast cash loanWhen you apply for a personal loan or a home loan, lenders usually check your credit score first to see if you qualify for getting a loan or not. Your credit score gives them an idea of your credit history, and when that’s too low, many people get rejected. However, fast cash loans don’t require your credit score, which means that you can get the loan without any problems in most cases.
5. They are unsecuredSince fast loans are unsecured, you won’t lose your car, house, property, or any other assets you own even when you become a defaulter. The lender might ask you to allow him to access your bank account when you fail to pay the money back, and hence it is recommended that when you take a fast loan, make sure you pay it on time.
6. Fast cash loans have the highest interest rate Since fast cash loans are the easiest to get and don’t require any collateral, lenders usually make the highest money on them by charging high-interest rates. The interest charges depend on the lender you are taking a loan from, and in most cases, the amount has to be paid back within a few weeks.

7. Fast cash loans vary by states Before applying for a fast cash loan, you must learn your state’s rules. Some states prohibit their citizens from getting fast cash loans, whereas other states have a limit on the loan amount. ConclusionWhile a fast cash loan is an excellent option for the people who aren’t eligible for another loan, others should try to look for an alternative loan option that comes with a lower interest rate because, ultimately, your priority should be paying the lowest amount.
Author Bio:Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India’s first app-based credit-line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at shiv@freopay.com.

November 30, 2022