Fake Currency

Proliferation of fake currency can affect you. Here is what you need to know

Kozhikode, Ahmedabad, Amritsar, Mumbai, Mizoram and Dubai – fake Indian currency has been found in all these places in the past few months. The existence of a fairly large fake currency racket in India is nothing new. The Naik Committee had estimated that over 61,000 million fake Indian currency notes, valued at...

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Student Defaults

Beware: default on education loans creates adverse credit history

Television advertisements showing banks happily offering education loans are a little misleading. A senior Reserve Bank official, speaking at a MoneyLIFE workshop, said, “Repayment among young people is not very good,” especially compared to regular loans. A senior banker corroborates this view. “I have seen a lot of young...

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Unite If Builders Renege

Buyers of under- construction properties need some protection

India’s realty industry is in serious trouble and, with it, hundreds of thousands of investors who have booked brand new homes in the past couple of years. The demand for newly constructed property has dipped dramatically due to a combination of high construction costs, high interest rates and lower economic growth.

Leading...

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