Types of loans in India

There are various types of loans you can take in India. However, a lot of people despite having different kind of assets go for personal loan even if they have other options where they can mortgage an existing asset and take a loan at lower interest rate. This happens because majority of us don’t know about different loan options. Loan is a certain amount of money which a borrower takes from the lender with the promise of returning it back within a fixed period of time. A certain amount of interest rate is fixed by the banks for different types of loans as applied by the borrower. The borrower pays back the interest and the money in installments according to the agreement between the two. Banks in India provide many types of loans to help. Process…
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BLACK MONEY ON INDIAN ECONOMY

IMPACT OF BLACK MONEY ON INDIAN ECONOMY Illegally earned money is called black money.  It is the result of hoarding, smuggling, tax evasion and dealing in immovable property for which the consideration is paid in black.  It has been beyond the control of the Government.  The black money has already created a serious problem in our country. The Indian economy stands badly shattered because of the huge amount of this trainted wealth lying in the coffers of the rich.  It has given rise to parallel economy operating in the country. As a becoming poorer while the rich go on becoming richer.  The gap between the haves and the have-nots is widening every day. Black money is used by the rich in various evil activities.  They use this money for corrupting and demoralizing social and political life. …
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