Plan and Policy

Plan & Policy

Only 7% people find securing home loan easy

Banks as well as non-banking financial co­m­panies are quite aggressive in the housing finance market. But only se­ven per cent customers find it easy to get a home loan these days. While rising interest rate is a cause of worry, customers are also intimidated by the long payback period and tedious process involved in securing a loan.

Interfaith couple’s passports cleared, probe says Lucknow official exceeded brief

An internal government probe has found that a Lucknow passport officer and the police exceeded their brief, asking irrelevant questions from an interfaith couple whose travel documents have now been approved. “The passports of Tanvi Seth and Anas Siddiqui (see pic) have been cleared,” Regional Passport Officer (RPO) Piyush Verma said on Wednesday.

Unsecured bank loans rise four-times in FY15-18

Banks’ unsecured loan bo­ok has grown four times the bank credit during the past 3 years, helped by a rise in discretionary spending, tec­hnology-driven disburseme­nts and lower interest rates, says a report.

Unsecured loans are the loans where individual exposures are smaller and more distributed and given without any collaterals but banks get higher margins. Typically personal loan, education lo­ans and credit card spends fall under this category.

Kerala allots 2 seat quota in colleges, varsities for transgenders

Transgender students will now get reservation in universities and affiliated colleges in Kerala. The state government has issued an order reserving two additional seats exclusively for TG members in all courses in universities and affiliated arts and science colleges in the state. The admission of TGs in the reserved seats would be subject to the fulfilment of qualification, the order issued by the Higher Education Department said.

GST helps organised flexi-staffing industry grow faster

General job market is yet to pick up momentum after the disruptions in the economy. But that’s not the case with flexi-staffing. A year into GST, the organised temporary staffing industry has not just made a significant recovery from the lows of demonetisation, but has also clocked a faster growth. GST saw companies shifting from the unorganised staffing pr­o­viders to organised players.

Lucknow varsity shut after attack on teachers

Lucknow University was closed on Wednesday till further orders after a group of students protesting over admission to the new academic session attacked teachers, injuring over a dozen of them. LU vice chancellor SP Singh said the youths claimed they were from the Samajwadi Party.

LG can’t overrule elected government, says apex court

The Supreme Court in a significant judgment on Wednesday ruled that the Lieutenant Governor is bound by the “aid and advice” of the council of ministers, seeking to end months of governance paralysis in the national capital because of serious differences between Delhi chief minister Arvind Kejriwal and Lieutenant Governor Anil Baijal.

Rising global wheat prices augur well for Indian exports

After a three-year break, wheat shipments from India may once again witness a sharp rise this year as exporters are looking to gain from favourable global market conditions. Wheat prices have consistently risen abroad on concerns of production and acute supply shortages in Europe, Russia and Australia.