Author: Anthony M. Smith

Finance

The availability of funds has increased remarkably over the past decade because banks and non-banking financial companies (NBFCs) offer different types of loans. This has enabled businesses to grow without any constraints.

Loans may be classified into secured and unsecured loans. Both types have their unique features, pros and cons. Based on your requirements, it is recommended to choose the most appropriate type of loan.

Loan Against Property Verses Unsecured Business Loan - A Comparison 2

A loan availed of by mortgaging a property is secured and is known as a Loan against Property (LAP). When you avail of a LAP, you receive a certain percentage of the asset value. This is known as Loan to Value (LTV). Loans issued without any collateral are known as unsecured loans.

When you consider a business loan or any other type of credit facility, you should consider certain factors. These include equated monthly installments (EMIs), interest rate, loan tenure, and LTV.

  1. Rate of interest

All types of loans include a certain interest rate. It is the cost of availing of the funds and using them for a period of time. This rate of interest is determined based on your credit rating and the repayment tenure. Generally, lenders levy higher business loan interest rates because these are unsecured and are risky.

2. Loan tenure

When you choose a longer repayment tenure, the EMI is lower. Generally, a loan against property offers a longer duration when compared to unsecured business finance. Furthermore, when you compare the servicing charges and interest rates, the unsecured business finance rate is higher than the loan against property interest rates. If you require the funds for a longer duration, a LAP is more advantageous.

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3. Eligibility

When you choose to avail of a loan, you need to meet the eligibility criteria. These include your income, credit score, age, and documentation. Your credit rating plays a crucial role in determining your eligibility for an unsecured business loan; a loan against property eligibility, on the other hand, depends on the asset value.

4. Documentation

Generally, documents needed to avail of an unsecured credit facility are lesser when compared to those required while applying for a LAP. This is because, in addition to your basic documents, you will need to submit property-related documents when you avail of a LAP.

The following table summarizes the differences between an unsecured loan and a LAP.

DifferenceBusiness loanLAP
CollateralUnsecuredAny property (commercial, residential, or industrial)
Loan amountINR 3 lakh – INR 75 lakhINR 5 lakh – INR 10 crore
Repayment tenure1 Year – 4 yearsUp to 15 years
EligibilityRetailers, doctors, chartered accountants, traders, professionals, and manufacturers, and private and public limited companiesPartnership and sole proprietor firms, salaried or self-employed professionals, micro, small, and medium enterprises

Before you decide on one of these loans, you must compare the various products offered by different financial institutions. Furthermore, assessing your personal requirements will help you make an informed decision. In addition to your needs, you must consider your repayment capability to choose one of these options.

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After awarding subsidy to half a dozen films shot in Uttar Pradesh in 2015, the state government is all set to present cheques of subsidy to 15 more films in a few days. “After being screened through the script and finance committees of the Film Bandhu, we have processed around 15 films for the subsidy. The films shortlisted include ‘Masai’, ‘Thoda Ishq Thoda Lutf’, ‘Bandhan’, ‘Jai Jawan Jai Kisan’, ‘Majaz-E-Gham’ and ‘Hum Hain Jodi No. 1’, among others,” informs Gaurav Dwivedi, vice chairman Uttar Pradesh Film Development Council (UPFDC).

Film shot in Noida

Films like ‘Nil Battey Sannata’, ‘Aligarh’, ‘Babumoshai Bandookbaaz’, ‘JD’ and ‘Jolly LLB 2’ have been cleared by the script committee of Film Bandhu, the nodal agency for handling the film policy that has been formed to ensure availability of all the film production-related facilities under a single roof.

The state government awards a subsidy of up to `2 crores for a film, which has been shot in the state. The number of days a film is shot determines the amount of subsidy it gets. While 30% of the amount is given after the film gets a certificate from the censor board, the remaining is awarded after the film is released or gets the release certificate.
The scheme, which came into effect in October 2015, has proved to be quite a hit with filmmakers and has managed to attract a lot of films with big ticket stars to be shot in UP including Salman Khan’s ‘Sultan’.

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Akshay Kumar’s ‘Jolly LLB 2’, Nawazuddin Siddiqui’s ‘Freaky Ali’ and ‘Babumoshai Bandookbaaz’ among others. The scheme has also prompted Hollywood and other foreign filmmakers to send their proposals for shooting in UP of which Victoria And Abdullah will be shot in Agra this month, Hollywood-based Indian producer Swati Bhise will be shooting a film on Rani Laxmibai in Jhansi next year, while British filmmaker Colin Burrows will shoot Daku Sultana, a film based on dacoit Sultana in the Chambal valley and its adjoining areas next year. Around 180 films have been registered with the script committee in a year, out of which some have been shot, some are being shot and a few more are yet to start filming.

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CHENNAI: When the public mood in the city was turning to one of dread over four murders in as many days, the Chennai police said on Friday that they had cracked all of them.

Chennai cops

In a span of six days, police have solved eight murders case and arrested 28 suspects. On Friday, six people were arrested for three murders. The Teynampet police arrested Gorak Singh, 34, his friends Maan Singh, 36, and Lalit Kohli, 30, all from Nepal, for murdering 60-year-old Shanthi at her Habibullah Road home.

In a few hours, the Thousand Lights police announced the arrest of S Suganthi, 35, and her boyfriend, A Yohan, 26, for the murder of Suganthi’s house owner Dhanalakshmi, 48. She was killed for asking the tenants to vacate the house. Almost simultaneously came the arrest of a 34-year-old man for the murder of a 58-year-old woman lawyer in Kumaran Nagar on Monday, My general.

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This week, police arrested 11people for the murder of three ganja peddlers in Kannagi Nagar on October 30. The next day, a gang chased and murdered a history-sheeter at Vyasarpadi. Six people were arrested in the case. On November 2, five others were arrested for murdering revenue inspector Manimaran.

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Four held for youth’s murder.

AHMEDABAD: Paldi police on Friday arrested four youths connected with a murder of a 26-year-old youth on Thursday afternoon. Police claimed that the youth was thrown in the Sabarmati River by two after a feud over his girlfriend. One of the accused is the son of a police constable, said investigators.

According to Paldi police, the body of Rahul Rathod, 26, a resident of Babunagar Society in Danilimda, was fished out from below Ambedkar Bridge by a team of Ahmedabad Fire and Emergency Services (AFES) at 3 pm on November 3 after Dipen Shah, a resident of Satellite, informed city police control room and fire brigade about an incident he witnessed were two youths on a scooter dragged a youth near the bridge and threw him down.

youth's murder

A G Gohil, an inspector of Paldi police station, said that the two primary accused were identified as Dhaval alias Mitesh Parmar, 19, and Bhargav Parmar, 20, both residents of Danilimda, who had thrown Rathod in the river. “Two others – Malhar, 19, and Rajan Parmar, 19, both residents of Danilimda – were involved in beating Rahul up just before the incident at Mangal Vikas Crossroads and have been arrested,” he said.

Investigators said that Rathod was suspicious of Dhaval and Bhargav that they talked to his girlfriend and asked them not to approach her. Over the issue, they had a scuffle on Thursday morning, but as families had intervened, the youths had got dispersed. The four again approached Rathod at 2 pm at the crossroads and beaten him up before taking him to Mexico.

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Rathod’s family had refused to cremate the body till police nab all the accused, including Rajan, son of a police constable. Family members had alleged that police were trying to shield him and were underplaying his involvement. Thus, police investigators had intervened and informed the family that all four persons, named by the family and accused, have been rounded up. Rathod’s last rites were performed on Friday evening.
Family members said that Rathod was the eldest of three children of Shashikant Rathod, an auto driver, and had started working at a unit in Vatva six months ago.

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World News

No doubt, your pet is your favorite companion, but you can’t deny the fact that the smell of your pet’s urine is utterly terrible. Pet stains and odor are not only unpleasant, but it is also almost impossible to remove them from carpets, upholstery, fabric, floors, bedding, or walls. We love these furry friends, but living with the stink of their pee seems unbearable.

Dog

If left untreated, the dog pee or cat urine sits in a carpet, and bacteria build-up. The stain and lingering odor of dog pee and cat urine is a serious problem for every pet owner. Many products are available to get rid of those stains and that acrid smell, but most of these products do not work. You may use them, but the problem remains, and the smell returns after some time.

Various options are suggested to pet owners from different sources, which may actually damage the floor, carpet, and furniture. Therefore, it is important to use the right products and avoid using the following cleaning agents.

• Avoid using bleach as it will not kill the persistent odor of the urine. Though it works as a disinfectant, it is harmful to you and your pets.

• Next on the list is ammonia, as it will only make the smell worse. Moreover, never mix bleach and ammonia as it produces dangerous fumes.

• Items found in the kitchen, like vinegar, peroxide, dish detergent, or baking soda, can be used, but these are not effective in eliminating that stinky urine odor.

Remedies to eliminate Dog/Cat urine stains and odor:

Some enzyme-based products are available in the market and at pet stores to clean up dog and cat urine odors. These enzyme-based products break down the bacteria and neutralize the odor. First, soak the target area with the urine odor removal product and then let it air dry. Repeat the process more than once to eliminate the odor. Some commonly used enzyme-based odor removers are Simple Solution and Nature’s Miracle. However, for older stains, enzymatic cleaners may not work as it only works on fresh urine.

Another option is a homemade cleanser:

• White vinegar helps neutralize pet urine odors, but again it isn’t always effective against cat and dog pee.

• You can also try using Baking soda for absorbing odors. After cleaning and drying the area, apply baking soda on the spot, left it for few hours, and then vacuum clean it.

• To remove the stinky smell, using OxyClean, an oxygen-based cleaner, is also recommended. It helps in killing the smell-causing bacteria.

There is another homemade, natural recipe for cat urine odor and stain removal. Mix 16 ounces of 3% hydrogen peroxide, 1 tablespoon baking soda, and 1 teaspoon dishwashing liquid. Put the mixture in a spray bottle and apply it to the urine-affected area. Keep the solution for some hours and once it is completely dried, vacuum it. However, it is important first to spot test a small area of the fabric or carpet. The solution can be used on fabric, woven carpets, and floors.

If, even after trying the safest possible cleaning products, the stain and odor persist, it is best to hire a professional pet stain and odor cleaning service. The professionals use the best products and techniques to remove every stain and odor most safely.

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CHENNAI: Police on Friday arrested a 34-year-old man for the murder of a 58-year-old woman lawyer in Chennai.
Police said M Karthikeyan, a resident of Nolambur here, killed P Lakshmi Sudha at her home in Kumaran Nagar on October 31 when she threatened to expose his illicit relationship with her.

woman lawyer in Chennai

The Kumaran Nagar police arrested him based on eyewitnesses’ accounts. Police said Karthikeyan, who was running a massage center in the area, had met Sudha through a common friend and developed a relationship with her. He used to visit her house often, police said.

Karthikeyan got married in 2015 and started to avoid Sudha My Latest News. When Karthikeyan visited her home on October 31, Sudha wanted him to continue the illicit relationship. She threatened to expose their illicit relationship to his wife if he tried to avoid her. This provoked him, and he stabbed her to death, police said.

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BENGALURU: The murder case of RSS worker Rudresh in Shivaji Nagar on Friday took a drastic turn, with Udupi-Chikkamgalur MP Shobha Karandlaje alleging that the minister for infrastructure development and wakf Roshan Baig is behind the murder. Karandlaje said the minister instigated the murder of Rudresh, as the latter was politically growing in stature in Shivajinagar.

“If Baig is not behind the murder of Rudresh, he should impress upon chief minister Siddaramaiah to call for a cabinet meeting and hand over the investigation to a central investigating agency,” she alleged.

RSS worker's murder

Karandlaje alleged that Baig couldn’t find tolerable towards Rudresh and his political growth in the constituency. Thus, he instigated the Popular Front of India (PFI) and Social Democratic Party of India (SDPI) activists to murder the RSS workers in My Live Updates.

In response, Baig said he was ready for any investigation as he had no role to play in the heinous crime. “Having come from Udupi-Chikkamagalur, she does not know Shivaji Nagar. I am a born and brought up Shivajinagar boy. Karandlaje is trying to gain cheap publicity from these kinds of baseless statements,” he said.

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Baig said, keeping the 2018 elections in mind, the BJP is trying to flare up communal violence in Shivaji Nagar, and these statements were meant to divide the voters in the constituency.

“I am even considering with my legal team on filing a defamation case against Karandlaje. The BJP MP is trying to malign my name by dragging me into this murder. With the government having apprehended the culprits, the BJP has no issue to rake up and are thus keeping it alive with such statements,” he claimed.

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NSA Ajit Doval and his Chinese counterpart Yang Jiechi, State Councillor, concluded their discussions in Hyderabad on Friday in a “friendly, open and cordial environment,” it was officially stated here on Saturday.

Wide range of areas

The Ministry of External Affairs said their discussions covered a wide agenda spanning bilateral, regional, and international issues of mutual interest. It was Mr. Yang’s third visit to India in the last two months. The two sides agreed to maintain the pace of high-level exchanges in political, economic, defense and counter-terrorism fields. They also agreed that the forthcoming high-level engagement in counter-terrorism is yet another manifestation of growing convergence of views of two countries on this pressing challenge facing the international community,” it said.

NSA Ajit Doval and his Chinese counterpart Yang Jiechi concluded their discussions in Hyderabad on Friday in a “friendly, open and cordial environment,” New Delhi officially stated. But it remains vague whether contentious issues like India’s entry into the Nuclear Suppliers Group and designation of JeM chief Masood Azhar as global terrorist were discussed. FILE PHOTO

Did Azhar, NSG figure in talks?

However, there was no official confirmation on whether the two sides discussed contentious issues such as China blocking Indian’s entry into the Nuclear Suppliers Group as also stopping Indian efforts to get Jaish-e-Mohammed chief and Pathankot mastermind Masood Azhar getting banned by the United Nations.
NSA Doval and State Councillor Yang, who are also the Special Representatives on the Boundary Question of India and China, agreed to hold the 20th Round of Special Representatives Talks on the Boundary Question in India next year.

Towards greater mutual trust

Mr. Doval and Mr. Yang also agreed that their consultations during which they exchanged views on various important and pressing bilateral issues have helped enhance mutual understanding and contribute to greater mutual trust. They agreed to continue such consultations in the future.

The two sides have also appreciated that 2016 is an important year for bilateral engagement. President Xi Jinping’s visit to India for the BRICS Summit and Prime Minister Narendra Modi’s visit to China for the G-20 Summit being the major highlights of high-level exchanges.

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Property

While many people don’t find it necessary, basement insulation is an integral part of any residential or commercial building. Most homeowners gain several benefits from it, such as a reduction in energy costs and environmental impact. It has various other benefits as well. Here is why you should get your basement thoroughly insulated.

Staying warm

According to experts, as much as fifty percent of the warmth in your house is lost from the basement of your house. This could occur due to the presence of gaps, cracks, and poorly insulated walls of your basement. They let the valuable heat escape from through them.

If you put proper insulation in your walls, including the ceiling of your basement, it has proven to reduce energy loss. In this way, you can save on the heating cost as well. It also boosts comfort and coziness. During cold winters, uninsulated walls create dry and uncomfortable conditions in your basement. This might sometimes even affect the first floor of your house.

Property

Moisture issues

Moisture is one of the major concerns for your basement. Ground moisture can enter your house through the cracked foundation walls. You must spray a closed-cell SPF foam onto the inside of a foundation that helps prevent moisture intrusion through these walls. If you choose fiberglass for the exterior wall insulation, you must ensure that the vapor barrier meets local code requirements. While traditional fiberglass insulation can only protect against heating and cooling loss caused by conduction, spray foam thoroughly protects against all six heating and cooling losses (conduction, convection, radiation, air infiltration, moisture accumulation, and air intrusion). Anyway, it would help if you secured the walls and the ground from moisture. Once it enters, it would not cause heating issues but might also lead to molds.

Code compliance

This is one of the important factors to consider. Depending on your location, you may need to insulate basement walls to comply with building codes. Different places have different rules and regulations, and you must abide by them. Minimum R-values (a measure of thermal resistance. The higher the R-value, the greater the insulating effectiveness.) vary from one region to the next.

These rules are still applicable when you install heating equipment years after constructing your homes. If a basement lacks heat, you may need to insulate the ceiling to comply with local codes.

Professional Assistance

With proper insulation in place, you can avoid all such conditions. You will also be able to cut down on maintenance costs and reduce heating expenses. This would also increase the resale value of your house. Hiring professional to assist would help you in insulating your basement adequately and enable you to maintain it. They would complete the project on time and with great efficiency. By hiring an experienced firm, you would receive quality service, time after time. These experts guide you throughout the process and might also give you tips to ensure longevity.

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Life is a rose garden, so make sure you keep the pest dust handy. Pest is a bigger issue in today’s time. It can be found everywhere, right from your bedroom, kitchen to the washroom. Rodents can put an end to everything, such as food, furniture, etc. So it is wise enough to call for pest control when one is facing pest problems. But one should also keep in mind the same before moving into a new apartment. There should be a routine check-up every once in a while. To make sure that the check-up is worth every penny, one must consider the following things before hiring a pest control professional:

Image result for PEST CONTROL

Are The Technician Well-Trained?

You must consider if the technician is technically sound and is perfect with its technical-know-hows. This can be judged by looking at their certificates that further tells if they have cleared the state exams to become professional exterminators. In addition to all this, one must also read reviews up on the internet about pest control services and ask family members and relatives to find out who is the best in the business. One should never underestimate word of mouth. One should run a thorough check about the company; the company’s website reveals a lot. Thus one should visit the site to protect his/her property and their liability.

Experience And Safety

You must inquire about the number of years the company has offered its pest control services. The longer the number of years, the better knowledge they shall have about how to treat a pest with advanced technology and they would also be more aware than the companies that haven’t been in the business for long. So Longevity factor of the company is a good indication for consideration while hiring a pest control service. Safety is also important, see which exterminator use chemicals and tools that don’t harm any family member or pets. Knowing this will take precautions beforehand.

Are The Services Worth The Money?

Just because they are charging less that doesn’t mean that they are the best; suppose they provide you with X service and charges Y money, but the problem persists, that means the value of money is too less as you will again have to shell out more money from your pocket to get it fixed. So never choose quality over price. One way to avoid shelling out money unnecessarily is to ask for quotes from the potential pest control services and then weigh the pros and cons based on which you can choose a service.

Follow The Basics

Never fail to check on a company’s guarantee policies, whether it be as simple as “Guaranteed satisfaction.” Also, look for recommendations, references, knowledge, and how much the company considers protecting the environment. Such as a company like Huron pest control gives you proper details of what services they provide to prevent pests at your premises. Furthermore, never forget to get details about the payment process and get a proper quotation before signing up for payment. If you consider the points above, you will end up with a job well done and not have to worry about pest problems for a while.

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