Categories
Finance

Pradhan Mantri Awas Yojna Eligibility Criteria

The introduction of the PMAY has made buying a home easy for all. But, to qualify for its benefits, you meet certain scheme’ requirements. Read on to know more about it.

The Pradhan Mantri Awas Yojna is an ambitious affordable housing scheme that was launched in 2015. Under the project, the government aims to build more than two crores new pucca houses and provide permanent shelter to poor citizens. Apart from building new homes, under the CLSS (Credit Linked Subsidy Scheme), which is an integral part of the PMAY, the government aims to help the people from lower and middle-income groups become homeowners by offering them a subsidy on the home loan interest rate.

 The subsidy benefits are available provided you meet certain eligibility requirements listed by the government. If you are looking to apply for a home loan under the Pradhan Mantri Awas Yojna, you must meet the following criteria:

  • You must belong to any of the following income groups – EWS (Economically Weaker Section), LIG (Lower Income Group), MIG – I, or MIG – II (Middle Income Group). The income category is decided based on the annual income of the household. For EWS and the LIG, the total yearly income of the family must be between Rs. 3 lakhs and Rs. 6 lakhs. For MIG – I, the total household income, must not be more than Rs. 12 lakhs per annum, and for MIG – II, the income limit is Rs. 18 lakhs.
  • To benefit from home loan interest subsidy under the Pradhan Mantri Awas Yojana, you or any of your family members must not own a pucca house in any part of India.
  • Another important eligibility you must note is that, if you or your family members have availed financial assistance under any other central government or state government housing scheme, you will not be eligible for the PMAY benefits.
  • If you belong to the MIG income group, you must mandatorily have an Aadhaar Card; it is an important document you must submit to the lender while applying for a home loan under PMAY.
  • If you are applying for a home loan under PMAY to construct your own house or extend the existing house, then the construction or the extension work must be finished within 36 months from the date of the first instalment of the loan amount. If you fail to complete the work, you will not be eligible to receive the interest subsidy benefits guaranteed under PMAY.
  • If you belong to either the EWS or the LIG income group, then the house you purchase or construct must necessarily be registered in the name of a female member of the family, either as a full owner or co-owner, irrespective of whether they contribute towards the loan repayment. The requirement is not applicable only if your family does not have an adult female member.
  • People belonging to the EWS category are eligible to get complete assistance under the PMAY. But people from the LIG and MIG categories are only eligible for the CLSS under PMAY.
  • If you are married, you can either jointly apply for a loan with your spouse or apply for the loan individually, but you are eligible for a single subsidy.

Now that you are aware of the various eligibility requirements of the PMAY make sure that you review your home loan application carefully and apply for the appropriate income category to get maximum benefit. You can apply for a home loan with any lender of your choice provided the lender is authorised to extend the PMAY benefits to you.

Ensure that you do your research well about the different lenders and choose the one that offers the loan at a competitive interest rate so that you can easily afford the EMI repayment.

Categories
Business

Why Would You Use Corporate Secretarial Services For The Company?

Advertising media are a business, you have to make sure the processes inside your corporation run easily and inside the regulations.

Ever question what exactly are your exact required as being a Director of the Company?

Have you ever satisfied your statutory obligations as reported by the dependence on the businesses Act? In case your response is ‘no’, ‘not sure’ or ‘maybe’, continue reading…

The overall responsibilities mean a director must act within the interests of the organization and away from the interests associated with a more events – including shareholders. Unsure what this signifies? You might be better of utilizing professional corporate secretarial services.

Understanding this principal helps it to be simpler at your discretion how you can act when there might seem like quantity of your customers with apparently conflicting interests. The organization comes first. This principle how to monitor work from home employees applies for ‘one man’ companies, meaning a sole shareholder/director might not put his/her interests above those of the organization.

Duty to do something inside the company’s forces

Additionally towards the responsibilities and responsibilities enforced on company directors through the Act, every company may have its very own algorithm referred to as its ‘constitution’.

•It is the duty to do something in compliance using the company’s metabolic rate that’s, company directors must observe any limitations contained within.

•The forces delegated to company directors through the shareholders can be used for the advantage of the organization.

Duty to advertise the prosperity of the organization

The word ‘success’ isn’t defined in the process as this can vary from business to business. However, the actual principle is the fact that every director includes a legal duty to act in a way which, within their judgment, is probably to create ‘success’ to the organization. For many companies ‘success’ will probably mean sustainable profitability.

Duty to workout independent judgment

This really is self-explanatory however the Act won’t be breached should you act in compliance with any prior agreement with the organization around the exercise of the responsibilities or as set through the company’s metabolic rate.

Now, are you currently curious about other statutory obligations like a director? There’s much more which article can’t possibly cover all of them.

Because of so many responsibilities to satisfy and legal obligations to abide with, you’d be best departing these administrative tasks to some professional corporate secretarial services company to help you help you stay business around the advantages from the law.

SGP provides for a reliable List of Corporate secretarial Companies in Singapore. It is one area of work that has garnered widespread attention over the past few years. The list offers for all the information that you may want overall.

Categories
Business

Learn How to Use Packaging Professionally

Do you wish you could use your skills and help others save money while doing a good job of custom packaging for their products? If so, you may be interested in learning more about professional packaging, so that you can start out by doing business with professionals who are able to help you with customized packaging. You can also start out by doing online research, or by talking to other businesses and others who are looking for solutions.

The demand for professional packaging services has increased significantly over the last decade. There are many types of packaging that need to be done to meet the demands of the market. Whether you are trying to sell a product, or you are trying to purchase a product from a wholesaler or distributor, the need for custom packaging solutions has never been higher.

Finding the right service provider is the key to success. You want to find a company that can create a package that can help you sell more products, and one that will allow you to get rid of unneeded inventory. What will you be packaging? Will it be packaged as individual items or packaged as part of a gift set?

The trick is to find a company that can create packages that contain custom products that suit your company’s needs. Creating the right custom package requires the skills of a professional. The easiest way to find a specialist in packaging is to begin online research and visit local business associations in your area.

Your needs should be determined. The type of product you are going to sell, and how much inventory you are trying to eliminate, should determine the type of packaging you will need. Will your products need to remain frost-free? A professional from Refine Packaging or other large firm should be able to talk with you about whether your products will meet the requirements of their packages.

Your customers should be kept informed about the types of packaging you will be using. If you need a pre-packaged gift set for a gift-giving event, your professional should be able to do this on your behalf. They should also be able to offer you advice about what type of packaging will work best for your business.

Your professional should be able to provide you with all the packaging materials you need, including graphics, artwork, stencils, and stamping and embossing. He or she should have experience in the creation of packaging products, and they should be able to advise you about the best options. He or she should be able to help you ensure that the best look and feel can be achieved.

Using a professional to help you create your packaging is a great way to find packages that are unique and can help you succeed. They should have experience in creating packaging to meet the needs of today’s businesses. They should be able to take your ideas and transform them into packages that will help you sell more products and get rid of unneeded inventory.

Categories
Business

Connectivity Has Reached New Heights

With the growth and development of technology, we as a society have come to do just about anything. But as great as those capabilities are, we still need a way to connect. This means connecting with one another globally but also within a specific organisation in a more effective manner.

That is why there is a need for companies such as Netlinkz. Companies such as these, creators of a giant virtual network that no one can actually see or touch, allows for connectivity not only within an organisation but on a global scale.

A Link

The best global networks are in high demand because of what they can offer to a potential infrastructure or business. This technology will have likely won awards because of the outstanding job it does allowing businesses to connect in ways unlike ever before.

This means being able to connect devices, sites, and their staff through an Internet connection. But this isn’t just any Internet connection where online safety can become compromised and so too does the important information that goes with it.

No, this is a unique network that is practically invisible, creating a secure connection between all members of that organisation, their devices, and any sites that remain relevant to the organisation. That is a level of cyber security that is in high demand these days where digital safety is of the utmost concern.

Virtual Invisible Network

These services, also known as VIN, is a huge step in the process of creating virtual networking that will be used in place of a private or public network.

By creating a simple, unique LAN network via a WAN, organisations can feel comfortable having more virtual security than ever before. Not only that, they get increased speeds across their network and a stronger network reliability unlike ever before, whether it be over distances small or great.

This technology is meant to bring the benefits of a LAN (local area network) to a much wider area. This can be hugely beneficial, particularly to industries where information is paramount and more valuable than anything.

New Technology

A LAN is most common in a home or office space. It is just that: a connection that is local to that specific area. By utilising this new technology, that LAN connection can be used over wide area networks (or WANs). Even better, it is both fluid and adaptive, taking any shape and bringing the same kind of benefits and efficiencies that those local connections bring to the table.

With the growth of technology, companies need to be certain that their information is protected and secure. With secure connections, they can feel confident in their transmissions and the protection of their valued information.

Categories
Finance Investment

Demo trading accounts—what are they and why should I use them?

Although they frequently get advertised and mentioned in broker reviews, you might not have paid too much attention to demo trading accounts. For most rookie traders, however, demo accounts don’t get much attention beyond a brief thought when they are first signing up to a platform. Despite this, demo accounts are one of the most useful features that an online brokerage can offer. If used correctly, demo accounts could allow you to maximize any gains you make trading on the markets. But what are demo trading accounts?

Demo trading accounts arean updated version of ‘paper trading’—a technique where you write down entry and exit points for a particular stock, commodity, or currency, and see how your strategy plays out on the live markets, without having invested any real funds. Thattechnique allowed you to try your hand at following the live markets, as well as providing you with a risk-free environment to test out some trading strategies.

Paper-trading is very much a lost art these days because that approach has been replicated and updated for the modern age as trading has transitioned into a fully online environment. Paper-trading now finds its home in so-called ‘demo trading accounts’, which allow a would-be trader to try out strategies in a simulator that replicates market conditions in real-time.

But why would you use a demo trading account when you try your hand on the live markets, surely that is where all the best traders learn their trade?

Although you might think of them as a bit of a waste of time and only of relevance to novice traders, the reality is that no matter what your skill level, demo trading accounts have something to offer you. Although you should always read the broker reviews before you commit to a platform, demo trading accounts provide a great way to conduct your review of a platform without the need to risk any actual funds. From the safety of a demo trading account, you can try out all the various features of a platform without worrying about the risk of losing your own money. This is something that will benefit you regardless of whether you are a seasoned veteran or a novice trader new to the scene.

Additionally, demo trading accounts can also help both new and more experienced traders try out strategies in a risk-free environment. Demo trading accounts accurately replicate market conditions in real-time, providing you with a realistic environment in which to try out new forex trading strategies. Developing a new trading strategy can take weeks and will also involve a significant amount of trial and error to refine. Demo trading accounts allow you to do this in a realistic environment without the same level of risk as the open markets. For this reason, both newer and more experienced traders use demo trading accounts as a way of developing and testing new trading strategies.

Categories
Finance

Gold Market Performance: What Investors can Expect Amid the Covid-19 Global Pandemic

The coronavirus global pandemic has left investors around the world clamoring for the safety of their haven assets amid the recent market volatility. The U.S. dollar has been dominating the global foreign exchange market. However, gold is outperforming against the greenback.

Despite the existence of a systematic banking system financial crisis because of coronavirus, gold still does well. This is because the precious metal is outside of the conventional fiat currency fractional reserve banking system. In fact, even a global debt deflation will not hamper the power of gold.

Gold Demand

Investors see the self-balancing nature of the precious metal market and gold doing what they expected it must, offering liquidity as a solution to uncertainties. Before the Covid-19 onset, demand for precious metals had been strong because of the general uncertainty and economic concern. Such fueled-investment demand towards the end of last year and the emergence of the deadly virus only added a layer of uneasiness that drove investors further to gold. Investors expect this trend to stay for some time, though not all market sectors are faring well.

According to the World Gold Council, demand for retail gold in China, the biggest market for jewelry, has suffered more than 60% year-on-year-drop. Also, gold purchases in India were greatly affected by record prices early in the year, before being nearly wiped out fully by a lockdown that led to a 34% drop from last year’s levels. Moreover, the demand for gold in industrial applications was also down by 19%, with major segments reportedly experiencing losses.

Effects on Supply

As gold is often shipped on commercial flights, it has been in short supply as such flights are curtailed recently. Also, mine closures have caused the gold mine production to decline by 3% in the first quarter when compared to the previous year. In mid-April, many gold mines had been forced to shut down their operations in some of the top-producing countries including South Africa (20 mines), Canada (18), Mexico (15), and Peru (8). A lot of these mines announced extensions of their closures.

Longer-Term Outlook

A lot will depend on what occurs in some of the biggest economies such as the U. S., China, India, and Europe. But, analysts say that despite market distortions, the gold market has remained strong. Gold is one of the few assets that is a safe haven in this type of environment of uncertainty. It is seen to persist for a while.