India is much too dear for Aspiring Pilot

Compared to India, the fees of commercial pilot training courses in places like US, South-east Asia and Australia are much less expensive. This has many aspiring pilots flocking to these countries. This is, when there are around 37 applications for setting up flying academies pending with the government, for clearance. The Indira Gandhi Rashtriya Uraan […]

Read More

Education Loans Tax Benefits

Now when the costs of education is only moving upwards, it is constantly worrying those parents who want their children to pursue higher education. To finance the high priced higher education is a matter of concern for all such parents. However the last decade has seen Indian banking industry coming to the rescue of such […]

Read More

Is Guarantor Equivalent to Borrower?

One fine morning when I was relaxing in the jogger’s park after my routine jog, I met my  old banker friend who happened to head the loan section of a leading private sector bank. After exchange of pleasantries, an engaging talk began on the banking scenario which moved on to loans and its intricacies. This […]

Read More

Good intentions -Not so good results

Generations of Indians have gone through the poverty cycle. Poor parents who cannot afford to educate their children and who remain illiterate or at best semi literate, are forced to do manual labour. They remain poor and in turn their children are also unable to educate their children and so on the vicious cycle of […]

Read More

Loans & Taxes

Loans are generally assumed to be a risky liability as the generally individuals avail loans more than what they can bear. A loan, by itself, is never risky; it is only by the improper utilization and improper budgeting, the problem starts. An individual perhaps forgets that the way he wishes to earn interest on his […]

Read More

Section 80 E defines Education Loans

College fees – two words that can strike terror in the heart of any parent. Today students do not have the means (parental or otherwise) to fund either tuition fees, course materials, or general living expenses, and find themselves having to apply for education loans. The loan includes not only tuition or college fees but […]

Read More