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...

Wi-Fi usage has been in the news recently. Initially, it was the Brihanmumbai Municipal Corporation which unveiled mega plans of making entire Mumbai Wi-Fi-enabled. Later, it was in the news because an email linked to the recent Ahmedabad blast apparently used an open Wi-Fi connection of a computer at a home in Navi Mumbai. Since these events, there has been a lot of confusion regarding...