Coronavirus update: Key developments in the last 24 hours and takeaways

Yesterday, in a video conference with chief ministers, Prime Minister Narendra Modi indicated the nationwide lockdown could be extended beyond May 17, but with eased restrictions for businesses

The total number of Covid-19 cases in India has reached 70,765, with more than 3,600 cases being reported in 24 hours. Here are some key takeaways: Delhi has added 319 new cases in a day. It has consistently added more than 200 cases for 11 days. Total cases added on these days comes to 3718, which is 51.5% of all case tally of 7233.

Also Read: Centre releases Rs 6,195 crore to 14 states to fight coronavirus crisis

Gujarat has added 347 new cases in 24 hours. It has consistently added more than 300 cases on each of the past 13 days. Total cases added during this period, 4767, is 56% of its case tally of 8541. Maharashtra has added 1230 new cases in 24 hours. The state has consistently added more than 1,000 cases on seven of the past eight days. Its addition of cases in the past eight days is 10427, which is 44.5% of its case tally of 23401…

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Will Thalaiva take the plunge? Rajinikanth politics in Movie-mad Tamil Nadu

Rajinikanth’s comments to his fans were as cryptic as Kamalahaasan’s comments on state politics

Kamal Haasan, Rajinikanth, Sharath Kumar, Vijayakanth…take your pick. In movie-mad Tamil Nadu, the transition from a film actor/director to politics is effortless. And, the latest chatter is about Rajinikanth joining politics. This is not the first time. Before the 2009 general election, a gathering of diehard Rajini fans converged at a small temple in Rajapalayam to pray that their icon get a divine message and join politics.

With the All India Anna Dravida Munnetra Kazhagam in a shambles after Jayalalithaa’s death and the Dravida Munnetra Kazhagam seemingly powerless in wresting power, the state is sensing a leadership vacuum. Rajinikanth, once a bus conductor in Karnataka, who then made good in Tamil Nadu’s film industry, was supposed to meet fans from April 12 to 16. This meeting, for fans to get themselves photographed with the legendary actor, would have been the first time in 10 years that the star met his admirers personally.

Also Read : IPL final 2017: Mumbai Indians beat Rising Pune Supergiant; Dhoni defeated

Prime Minister Narendra Modi had called on Rajini at the latter’s residence a few days before the 2014 Lok Sabha poll. Last week, Bharatiya Janata Party national secretary H Raja said Rajini was a “popular” personality and welcome to join their party. Rajini on board the BJP will be an electoral trump card for the latter, yet to make inroads in the state.

Sensing that his fans would ask questions about political options, the April 12 meeting never happened and was postponed indefinitely, to be then held in Chennai last week, in truncated form. “Please don’t ask political questions,” he told reporters when they quizzed him about joining politics. To his fans, the actor said: “My life is in the hands of God. I’m not sure what he has in store for me. But, I will always perform the duty that he bestows on me. So, don’t feel disappointed if I don’t enter politics.” ReadMore

Exploring Untapped Potential of Mutual Funds

 

The Mutual Fund industry has seen unprecedented growth in the past 3 years. In November 2016, total assets managed by mutual funds touched a record high of ?16.5 lakh crores rupees, a year on year growth of 27%.

Total number of folios in India also reached a record number of 4.7 crore. However, mutual funds still suffer extremely low penetration in India. A 7% share of Assets under Management (AUM) of Mutual Funds to GDP is significantly lower than some other emerging economies like Brazil (42%) and South Africa (33%).

Introducing Direct plans of mutual funds

MoneyFront aims to highlight the true potential of mutual funds to investors by firstly adopting the no-conflict option of direct plan of mutual funds. Direct plans are an alternative to the regular plans of mutual funds where you can skip the distributors and agents and invest directly with the Fund House.

Exploring Untapped Potential of Mutual Funds A direct consequence of this is an increase in returns by up to 1.5% annually, as the commissions paid to the distributors/agent are not charged to the scheme. MoneyFront, in its endeavour to provide maximum benefits to clients offers only ‘Direct Plans’.

For investors who are not well-versed about mutual funds or who need help with their asset allocation, MoneyFront also offers investment advisory that provides model portfolios and scheme recommendations tailor-made to the investor’s financial goals and risk tolerance levels. Over and above that, the investors have access to a vast library of news, views, developments, and statistics related to mutual fund schemes and everything else that impacts them.(read more...)

Your Loan Eligibility Holds the Key to Your Dream Home

LATEST NEWS – Have you ever been hounded by telemarketers urging you to apply for a loan? Calls, text messages, WhatsApp or even meeting you in person, representatives of financial companies leave no stone unturned when it comes to convincing you to take a loan.

But how is the LOAN ELIGIBILITY application processed? Do lenders really bend over backwards to hand you the loan cheque? It does not quite work that way.

Yes, sales personnel employed by financial institutions are aggressive in their attempts to lure you. They have to be; their commissions depend on it. And if one takes the bait and applies for a loan, the situation is likely to change by the time the application is processed.

It is the borrower who is expected to satisfy the credit parameters and fulfil all the eligibility criteria for the Home Loan.

Let’s get down to the basics. What do you think is the main eligibility criteria for taking a Home Loan?

The simple answer is the borrower’s ability to repay the loan.

This means the income of the loan applicant must be enough to pay the instalments on time. The lender provides a schedule for paying the equated monthly instalments (EMIs).

With interest rates favourable, now is as good a time to take a Home Loan as any. And non-banking financial companies (NBFCs) such as BAJAJ FINSERV offer instant approvals and Home Loans at attractive interest rates when you apply online.

Find out how:(READ MORE...)

Why are More People Applying for Personal Loans?

 

Why do people prefer Personal Loans

There are many factors that make Personal Loans more attractive.

• Easy to get: Personal Loans are easier to obtain than many other types of loans.
• Flexible usage: You can use the funds in a variety of ways. You can use it to pay for a vacation or a medical emergency. You can use it to fund a wedding, renovate a house, and more. 
• Quick process: It can take as little as three days to get approval for a Personal Loan. Just make sure you have all the necessary documentation.
• No collateral: Personal Loans are unsecured loans. In other words, they are not backed by any collateral. This helps reduce the documents required for your loan application or even the duration of the vetting process. 

You can even apply for a Personal Loan from the convenience of your home. All you need to do is visit the lender’s website. An application for a Personal Loan from Bajaj Finserv , for instance, usually takes seconds for approval and you can get funds of up to Rs.25 lakh in as little as 72 hours. 

The bottom line

Personal Loans are popular today, but it is important that you opt for a professional lender to avail financing. Keep the various factors in mind when you apply for a Personal Loan and take the first step towards fulfilling your financial goals. (read more...)