Private secretaries yet to be assigned to many Madhya Pradesh ministers. CMO vetting candidates
Recommendations by 15 ministers for appointment of personal staff were turned down as they were working during CM Shivraj Singh Chouhan's rule. Work affected, says a minister. Key Points
ThePrintpersonal loans to get costlier? Interest rates likely to rise by up to 1.5% in 2024 with new RBI rules
Find out why personal loans in India are set to become more expensive in 2024. Learn about the recent rule changes by the Reserve Bank of India (RBI) and how they will impact the cost of unsecured lending. Discover the potential increase in interest rates and stricter eligibility criteria for borrowers. Key Points
Times Of IndiaBlade maker Supermax goes into bankruptcy
The operational creditor had approached the tribunal in September last year after Supermax personal Care defaulted on its dues of ₹1.97 crore. Key Points
Economic TimesSC denial of IBC relief to personal guarantors opens new recovery window for lenders
The latest data from the Insolvency and Bankruptcy Board of India (IBBI) show that a total of 2,289 cases related to personal guarantees involving corporate debt of Rs 1.63 lakh crore have been filed at the National Company Law Tribunal (NCLT). Of these, 282 have been admitted, out of which 21 have yielded Rs 91.27 crore. The order means cases stuck at the NCLT will move forward with banks likely making fresh pleas in this regard. Key Points
Economic TimesET Explains: What is the significance of personal guarantee and what will change for a guarantor after SC
In a landmark ruling, the Supreme Court upheld the constitutional validity of the personal guarantor provisions found in the Insolvency and Bankruptcy Code (IBC). This opens the door for lenders to pursue recovery against individuals such as Kishore Biyani of Future Retail, Venugopal Dhoot of Videocon Industries, and Anil Ambani of ADA Group. ET explains how the sequence has implications Key Points
Economic Times
SC denies IBC relief to personal guarantors
IBC cannot be held to be operating in a retroactive manner in order to hold it violative of the constitution, it said. Thus, we hold that the statute does not suffer from the vices of manifest arbitrariness. Key Points
Economic Times10 banks offering cheapest personal loan interest rates
Personal loans usually have higher interest rates than other types of loans since they are given without any form of security. Here are top banks offering best rates on personal loans. Key Points
Economic TimesUsing personal loan for debt consolidation? The pros and cons of this move
Leveraging a personal loan for debt consolidation can serve as a beneficial strategy to handle your debt and potentially cut costs. However, it's essential to approach this cautiously and be aware of potential drawbacks as well. Key Points
mintBuilding Financial Wellness: The Role of personal Loans in 2024
Applying for a small personal loan on Tradofina app, not just helps you settle limited expenditures on time. It further assists you attain financial stability and wellness, anytime you come across a shortage of a small amount of cash. Key Points
mintSec 494 discriminatory? Allahabad high court issues notice
Under IPC section 494, if a person marries for the second time during the lifetime of the first wife or husband without getting a divorce, the marriage is void. For this offence, there is a provision for seven years’ jail and a fine. | Latest News India Key Points
Hindustan Times
Taking a personal loan for your business? Here are its pros and cons
While many personal loans offer flexibility in fund usage, opting for this route is generally not the most advisable choice. Prospective borrowers should prioritise exploring business loan options first. Key Points
mintWedding Bells or Debt Spiral? Should you take a personal loan to manage your wedding expenses?
Entering into matrimony should not be burdened with the additional weight of an unnecessary personal loan. Nonetheless, if you require funds for your wedding, carefully evaluate the advantages and disadvantages of obtaining a loan for such purposes. Key Points
mintQuick, easy personal loans may become difficult now as RBI tells banks, NBFCs to be more careful
Alarmed by very higher growth in the disbursal of personal loan in past few quarters, RBI has cautioned banks and NBFCs against quick and easy personal loans and has asked lenders to implement strong underwriting norms. As a result lenders will have to bring in tougher underwriting norms which will make getting a personal a little difficult for the borrowers. Key Points
Economic TimesPay just Rs 800 more to upgrade car insurance personal accident cover to all-round 24X7 personal accident
It is mandatory to buy a personal accident cover of Rs 15 lakh under car insurance, if you are the owner-driver of a car. It usually costs between Rs 300 and 400. However, there are certain limitations when it comes to compulsory car insurance cover under car insurance. Meanwhile, a standalone personal accident cover protects you from any type of accident around the clock and around the world. The premium for a Rs 15-lakh personal accident cover can range between Rs 800 and Rs 1,200 in a year. Is it a good idea to spend a little extra and buy a separate standalone personal accident cover for a holistic coverage? Read on to find out Key Points
Economic TimesSC support for legislation on UCC prompted by cases involving gender justice
The issue of personal law running at odds with a woman's rights tore on to the national consciousness in the Mohd Ahmed Khan Vs Shah Bano Begum (1985) case where the SC ordered that maintenance be paid to Khan's first wife Shah Bano beyond the iddat period. The SC order regretted that Article 44 remained a 'dead letter' and questioned the logic of allowing communities to usher in reforms on their own. Key Points
Economic Times
EC Arun Goel quit due to personal reasons, we must respect personal space: CEC
Election Commissioner Arun Goel, whose tenure was till December 2027, resigned last Saturday. Asked about the resignation, Kumar said, Mr Arun was a very very distinguished member of our team, I thoroughly enjoyed working with him, but in every institution someone will have to be given the personal space, and I am sure personal space should not touched, one should not be insensitive to ask personal questions. Key Points
Economic TimesSensex Today | Share Market Live Updates: Sensex, Nifty expect positive start; Gift Nifty in green
Sensex Today | Share Market Updates: The Indian stock market is expected to gain at the start amidst mixed global cues and Gift Nifty trading higher than yesterday's close. Wall Street ended on a mixed note on Thursday, while Asian markets are also sluggish in today's trading. Key Points
MintLenders look to derisk promoter guarantees, implementing negative liens to safeguard assets
In response to the recent Supreme Court order upholding recovery provisions against personal guarantors, Indian lenders are now taking measures to protect their interests. They will require a negative lien on the assets underlying personal guarantees given by promoters of companies raising bank loans. This will prevent promoters from transferring these assets to a special trust that is bankruptcy remote. Key Points
Economic TimesCha Eun Woo's Wonderful World drama ratings hit all-time high record ahead of his birthday
Astro's Cha Eun Woo celebrates his birthday on March 30. He was treated to his well-deserved present in advance as Wonderful World set a new personal best. | Web Series Key Points
Hindustan Timespersonal loan interest rate likely to rise up to 1.5%; loan eligibility norms to get tighter in 2024 with
Personal loan interest rates to go up in 2024: All lenders regulated by the RBI are required to hold capital in a certain proportion of the loan amount they lend. The riskier the loan, higher the capital a lender has to maintain. As a direct consequence of the RBI raising the risk weightage, lenders now have to maintain higher capital reserves for the riskier category. What changes for the lenders? Read on to know how much more you will have to pay for your next personal loan. Key Points
Economic Times
Tips to get a personal loan with low EMIs
Although a personal loan can be a useful financial instrument, it is wise to plan your monthly EMI payments ahead. The following suggestions will help you get a personal loan with low EMIs. Key Points
FinancialexpressPhilips to sell more made-in-India products
Philips’ India manufacturing footprint spans multiple sites, including in-house facilities apart from co-manufacturing partnerships. The company’s capabilities serve both local and regional demand. Key Points
mintWhat is Uniform Civil Code? What does Constitution say about it & why it's such a controversial topics in
The concept of a Uniform Civil Code (UCC) in India has been a controversial topic for many years. The idea is to have a common set of laws for personal matters such as marriage, divorce, inheritance, and adoption for all citizens, regardless of their religious affiliations. However, implementing a UCC poses challenges due to the religious and cultural diversity in India. Key Points
Economic TimesBe prepared. We’re just at the beginning of the market party: Shankar Sharma
Shankar Sharma believes in buying bottom-up companies that interest him, regardless of the sector they belong to. He cites some interesting logistics and visa processing companies, as well as those in the services and manufacturing sectors, as key areas of investment. Sharma is not interested in new-age listings, such as Zomato, due to a preference for good valuation comfort. He stated that we are at a fantastic point in the market, as we are seeing all-time highs, and says the party will be long, hard and strong. Key Points
Economic TimesMiniaturisation & democratisation of credit and de-stigmatisation of debt is building a perfect storm: Rit
The growth of personal loans lent by fintechs is due to miniaturization of credit, with millennials and Gen Z taking smaller loans of Rs 25,000. However, such loans can create debt traps for those who take buy now pay later (BNPL) and travel now pay later loans for lifestyle needs. Ritesh Srivastva of FREED says there has been a cultural and behavioural shift with people being more open to new forms of credit for aspirational purchases. Key Points
Economic Times
Aparna Ramachandra on how to manage loans & credit rating, avoid EMI defaults
Missing EMIs on loans, particularly personal loans, can result in penalties, late payment fees and legal action against borrowers. With personal loans attracting high penalty charges, a missed EMI can cost Rs 7,000-8,000 in additional outflow. In terms of home loans, there are three charges for missed EMIs, including a check bouncing charge and fees ranging between 0.25% to 0.75% of the loan outstanding. Even a delay of 30 days is reflected in a borrower's credit score as a ‘delayed payment and negatively impacts creditworthiness. Key Points
Economic TimesDabur India beats profit estimates on higher demand for household products
Consumer goods maker Dabur India (DABU.NS) reported second-quarter profit above market expectations on Thursday, benefiting from rising demand in its household and personal care and healthcare segments. Key Points
ReutersShriram Finance slows down farm equipment loans, sees recovery from Q3
The non-banking financial company on Thursday reported a 19.7% year-on-year (yoy) increase in assets under management (AUM) to ₹2.03 trillion Key Points
mintGovt defers implementation of restrictions on imports of laptops, PCs and tablets to Nov 1
India's Directorate General of Foreign Trade (DGFT) has announced that from November 1, 2023, it will restrict the import of laptops, computers, and their components without a license. After this set date, these electronics can only be imported with a valid license meant for restricted imports. India's electronics imports, including laptops and personal computers, accounted for $19.7 billion between April and June 2023. Key Points
Economic TimesEveryone Wants to Regulate AI. No One Can Agree How
US lawmakers and CEOs alike say new rules are needed to prevent artificial intelligence from doing harm. So far, there are more wish lists than laws. Key Points
WIRED
Considering converting credit card debt into personal loan? Here are its pros and cons
Opting for a personal loan to consolidate debt can be a strategic decision. It streamlines your financial situation, enabling you to concentrate on a cost-effective repayment strategy. Key Points
mintpersonal accident insurance policy covers death, disabilities, medical expenses at low cost. Why you shoul
A personal accident policy covers death, disabilities and medical expenses at a very low cost. Find out why you should buy one. Key Points
Economic TimesThere’s no silver bullet to leadership; live by values!
India Business News: Learn about the importance of values in leadership and how they can guide your path. Find out why there is no one-size-fits-all approach to leadership. Key Points
Times Of India