STI NEWS;"When you face steep interest rate hikes…!"plus 1 more

When you face steep interest rate hikes…!

Posted: 26 Aug 2011 03:28 AM PDT

In a rising interest rate scenario, times can be tough for an existing borrower who is a couple of years into his tenure. Ofcourse his monthly budget may not be affected in the short term, as often banks increase the loan tenure in most instances. However, increase in tenure would mean more interest outgo and if hikes happen repeatedly the borrower will take even more time to close out an already...

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Lessons from the Noida fiasco

Posted: 26 Aug 2011 03:00 AM PDT

Recently, the Greater Noida Industrial Development Authority reached a settlement with farmers in Patwari village. The farmers will receive a higher compensation of Rs 550 per sq metre (over and above the Rs 850 per sq metre paid earlier) and 8% developed land, 2% more than what was promised to them earlier. This agreement could become the basis for settlement with farmers in 10 other villages...

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