Monday, 20 November 2017

Central government employees can now get Rs 25 lakh advance loan at simple interest rate

In what could be a huge relief for homebuyers, central government employees can now take an advance of up to Rs 25 lakh for the construction or purchase of house at a simple interest rate of 8.50 per cent. Earlier, the maximum borrowing limit was Rs 7.50 lakh with interest rate slabs ranging from 6 per cent to 9.50 per cent. The move is expected to give impetus to country's real estate sector which saw sluggishness since demonetisation.
A senior official in the Housing and Urban Affairs Ministry said people will be able to save around Rs 11 by availing 'House Building Advance (HBA)' as compared to borrowing from lending institutions on a Rs 25-lakh loan for 20-years period.

The official explained that if loan of Rs 25 lakh is taken for 20 years at the prevailing rate 8.35 per cent (compound interest) from banks like the SBI, the monthly installment comes to Rs 21,459.

"The total amount to be paid at the end of 20 years comes to around Rs 51.50 lakh, including interest component of Rs 26.50 lakh," he added.

However, if the same amount is borrowed under the HBA at 8.50 per cent (simple interest) for 20 years, the monthly installment comes to Rs 13,890 for first 15 years and Rs 26,411 per month for the remaining period, he said.
"The total money that have to paid comes to around Rs 40.84 lakh, including interest component of Rs 15.84 lakh." The Housing and Urban Affairs Ministry makes rules for HBA for central government employees from time to time.
"Employee can borrow upto 34 months of the basic pay subject to a maximum of Rs 25 lakhs, or cost of the house/flat, or the amount according to repaying capacity, whichever is the least for new construction/purchase of new house/flat," the release said, quoting the revised HBA rules. Earlier, the limit was only Rs 7.50 lakh, it added.
Interest rate on the HBA has been fixed at 8.50 per cent (simple interest) in place of earlier four slabs ranging from 6 per cent to 9.50 per cent, it said, adding the rate will be reviewed every three years.

The amount for expansion of the house has also been revised to a maximum of Rs 10 lakh against the earlier Rs 1.80 lakh.
The cost ceiling limit of the house which an employee can construct/purchase has also been revised to Rs 1 crore with a provision of upward revision of 25 per cent. The earlier cost ceiling limit was Rs 30 lakh, it said.
Both spouses, if they are central government employees, are now eligible to take HBA either jointly, or separately.
Earlier, only one spouse was eligible for such facility.
There is also provision for individuals migrating from home loans taken from Financial Institutions/Banks to HBA, the release said.

The methodology of recovery of the HBA will continue as per the existing pattern-- recovery of principal first in the first 15 years in 180 monthly installments, and interest thereafter in next five years in 60 monthly installments.
"This attractive package is expected to incentivise the government employee to buy house/flat by taking the revised HBA along with other bank loans, if required. This will give a fillip to the housing infrastructure sector," the release said.


Sunday, 16 April 2017

University of Calcutta Holidays List 2017

Office-hours, Vacation and Holidays

Office-hours

The University offices remain open on all working days from 10 am to 5.30 pm with a half-hour lunch break in between. The cash office of the University, however, remains open for transactions from 10-30 am to 2.30 pm on all working days.


List of Holidays for the year 2017

New year's Day (2017 AD)1SUNDAY1ST JANUARY
BIRTHDAY OF SWAMI VIVEKANANDA1THURSDAY12TH JANUARY
BIRTHDAY OF NETAJI1MONDAY23RD JANUARY
UNIVERSITY FOUNDATION DAY1TUESDAY24TH JANUARY
REPUBUC DAY1THURSDAY26TH JANUARY
SARASWATI PUJA1WEDNESDAY1ST FEBRUARY
SHIBRATRI1FRIDAY24TH FEBRUARY
DOLJATRA1SUNDAY12TH MARCH
HOLI1MONDAY13TH MARCH
GOOD FRIDAY1FRIDAY14TH APRIL
BIRTHDAY OF B.R. AMBEDKAR1FRIDAY14TH APRIL
BENGALI NEW YEAR'S DAY1SATURDAY15TH APRIL
MAY DAY1MONDAY1ST MAY
BIRTHDAY OF RABINDRANATH TAGORE1TUESDAY9TH MAY
BUDDHA PURNIMA1WEDNESDAY10TH MAY
ID-UL -FITRE1MONDAY26TH JUNE
SIR ASUTOSH DAY1THURSDAY29TH JUNE
JANMASHTAMI1MONDAY14TH AUGUST
INDEPENDENCE DAY1TUESDAY15TH AUGUST
ID-UD-ZOHA1SATURDAY2ND SEPTEMBER
MAHALAYA1TUESDAY19TH SEPTEMBER
DURGAPUJA TO LAKSHMI PUJA10TUESDAY TO THURSDAY26TH SEPTEMBER TO 5TH OCTOBER
ADDITIONAL DAY IN CONNECTION WITH LAKSHMI PUJA1FRIDAY6TH OCTOBER
BIRTHDAY OF GANDHIJI12ND OCTOBERMONDAY
MUHARRAM11ST OCTOBERSUNDAY
KALI PUJA1THURSDAY19TH OCTOBER
IMMERSION OF GODDESS KALI1FRIDAY20TH OCTOBER
PRATIPADA1FRIDAY20TH OCTOBER
BHATRI DWITYA1SATURDAY21ST OCTOBER
BIRTHDAY OF GURU NANAK1SATURDAY4TH NOVEMBER
FATEA-DWAZ-DAHAM1SATURDAY2ND DECEMBER
CHRISTMAS DAY1MONDAY25TH DECEMBER

The Following Days may be Observed as Sectional Holidays for the Employees of Different Communities :

MAGHOTSAB (FOR BRAHMO ONLY)1WEDNESDAY25TH JANUARY
EASTER SATURDAY (FOR CHRISTIANS ONLY)1SATURDAY15TH APRIL
BAlSAKHI (FOR SIKHS ONLY)1FRIDAY14TH APRIL

Friday, 31 March 2017

Hotel Kamat Yatriniwas, Bangalore - Bank Holiday Home

Hotel Kamat Yatri Niwas is a holiday home of Andhra Bank.


According to the reviews given by people this hotel is not good. 

People have complained about the bad bathrooms, smelly rooms and torn sofas.

So please talk to the manager of the hotel before going. 

Address and Ph No. -  Click Here


PHOTOS







Monday, 27 March 2017

SBI Holiday Home in Bhopal - Hotel Surbhi

OVERVIEW

Hotel Surbhi is roughly 7 km from Madhya Pradesh Tribal Museum and 1 km from Bus Stand Bhopal. The property in Bhopal is a value for money accommodation offering Wi-Fi connectivity to its patrons. With its 14 well-kept rooms, the property in Bhopal offers a comfortable stay.

A host of conveniences available in the rooms include television set, side table, large bed, chair, ceiling.


FACILITIES

GeneralBreakfast Services, Room Service, Conference Hall, Parking, Backup Generator, Doctor on Call, Family/Child Friendly.
Room FacilitiesH/C Water, Bottled Water in Room, Toothbrush/Razor on Request, Desk, Cable/Satellite TV, Attached Bathroom.
Activities
ServicesRoom Service, Parking, Doctor on Call, Conference Hall, Breakfast Services.
InternetPaid! Wi-Fi is available in the hotel rooms and charges apply.
ParkingFree! Free public parking is possible on site (reservation is not needed).

POLICIES

Rooms14
Check-inFrom 12:00 hours
Check-outUntil 12:00 hours
Cancellation / PrepaymentCancellation and prepayment policies vary according to room type and Hotel Policies, Please check and Call directly to Hotel before booking the Hotel, Please clear all doubts on phone before booking.
Children and extra bedsFree! All children under 5 years stay free of charge when using existing beds.
PetsNot Allowed! Pets are not allowed.
Payment ModeCash, Cheque, Traveller Cheque, Foreign Currency.