#Union Bank of india abroad education loan

[mbbsblogsblog]

Unlock Your Medical Career: Study MBBS in Belarus at Top Universities

Indian MBBS enthusiasts have great opportunities for studying MBBS in Belarus. In India getting a medical seat in a government medical university s highly competitive and in a private medical college it is highly expensive. Thus many Indian MBBS aspirants aspire for studying MBBS overseas. If you are one of them choose a medical university in Belarus proves to be a right choice for you. Pursuing MBBS in Belarus is cost-effective and hassle-free. You will receive quality education at an affordable price.

Thus chase your dream without spending much time in navigating information about medical colleges in India and abroad. Ria Overseas is readily available with relevant information and support to accelerate your MBBS journey. This page serves as a guide to some top medical colleges in Belarus.

MBBS in Belarus - Belarusian State Medical University

Location                                                       Minsk, Belarus

Eligibility for Admission                             60% in PCB, NEET

Medium of Instruction                                 English

Course Fee                                                   29400 USD / Rs. 2058000 (Approx.)

Deadline for Admission                               31st August, 2024

MBBS in Belarus - Gomel State Medical University

Location                                                      Gomel, Belarus

Eligibility For Admission                           60% in PCB, NEET

Medium of Instruction                                English

MBBS Fee in Belarus (Total Package        25200 USD / Rs. 1764000 (Approx.)

Deadline For Admission                             31st August, 2024

MBBS in Belarus - Vitebsk State Medical University

Location                                                  Vitebsk, Belarus

Eligibility For Admission                       60% in PCB, NEET

Medium of Instruction                            English

1st year fee                                              6300 USD / Rs. 4,41,000

MBBS Fee in Belarus (2nd to 6th yr)     4300 USD / Yea

Deadline For Admission                         31st August, 2024

MBBS in Belarus - Grodno State Medical University

Location                                      Grodno, Belarus

Eligibility for Admission            60% in PCB, NEET

Medium of Instruction                English

MBBS Fee in Belarus (Total)     27000 USD / Rs. 1890000 (Approx.)

Deadline for Admission              31st Aug, 2024

Belarus MBBS Educational System

The education system in Belarus is remarkably similar to that of the Soviet Union.

There are more than 249 vocational schools and over 57 higher education institutes.

There are around 200 faculties in the education industry.

The country has more than 100 advanced training institutions.

The government of Belarus seeks to improve Belarusian and other languages.

Students have the opportunity to learn an extra foreign language, either Russian or Belarusian.

Belarus' education system is good for those pursuing higher education.

Belarus offers high-quality MBBS education with world-class teachers.

Scholarships for Studying MBBS in Belarus

Many MBBS universities in Belarus give scholarships to Indian students.

MBBS education in Belarus is fairly economical when compared to other nations.

Scholarship programs allow students to save a lot of money on tuition and other fees.

Both the government and privately owned MBBS universities provide a scholarship scheme.

You may contact the consulting business or the MBBS University in Belarus to learn more.

Educational Loan Assistance for Indian Students in MBBS Belarus.

When it comes to MBBS overseas, one of the most crucial elements to consider is education loans

You can contact the institution and your bank for an educational loan.

Consultancy service is always available to aid you with any enquiries about educational loans.

Belarus provides education loans to all overseas MBBS enthusiasts who come to Belarus to study medicine.

For more updates about MBBS in Belarus keep exploring our website.

[abroadstudyloan]

Best education loans for abroad studies

Introduction

For many students, taking out a loan for their education is the only way to finance their higher studies. But with so many different options available, it can be difficult to know which one is right for you. In this blog post, we'll explore the different types of education loans available and help you decide which one is best for your needs. We'll also provide some tips on how to manage your loan repayments and keep your debt under control.

What is an Education Loan?

An education loan is a sum of money borrowed from a financial institution to pay for educational expenses. It is also known as a student loan or a student financial aid. The purpose of an education loan is to help students meet the costs of their higher education, such as tuition fees, books, and living expenses. Education loans are available from a variety of sources, including banks, credit unions, and private lenders. Most education loans must be repaid with interest. The terms of repayment vary depending on the lender, but typically include a grace period after graduation during which repayment can be deferred. Education loans are an important source of funding for many students, but they should be used responsibly. Borrowers should only borrow the amount they need and make sure they understand the terms of their loan before signing any paperwork.

Who Can Apply for an Education Loan?

Education loans are available for Indian citizens who wish to pursue higher education in India or abroad. The loan can be availed for full-time courses like regular/correspondence degree/diploma courses, post-graduate degree/diploma courses, executive management programs etc. Part-time courses like CAs, ICWAs, company secretaries etc. are also covered under education loans. Loans can also be availed for pursuing higher education through correspondence or distance learning provided the course is approved by AICTE/UGC/DEC/Government etc. The main criteria for eligibility for an education loan are: -The applicant should be an Indian citizen. -For loans up to Rs 4 lakhs, the age limit is 35 years and for loans above Rs 4 lakhs, the age limit is 40 years. -The applicant should have secured admission to a full time course in an institute which has been recognised by the government or any other statutory body. -Courses offered by Open University or Distance Education institutions approved by DEC, UGC, AICTE etc are eligible under the scheme. -Applicants should have a regular source of income to repay the loan amount within the specified period of time.

Types of Education Loans

There are two main types of education loans: federal and private. Federal student loans are issued by the government and typically have lower interest rates than private student loans. They also may offer more flexible repayment terms. The four main types of federal student loans are Direct Subsidized Loans, Direct Unsubsidized Loans, PLUS Loans, and Perkins Loans. Private student loans are issued by banks, credit unions, and other financial institutions. Private student loans typically have higher interest rates than federal student loans and often require a co-signer. The three main types of private student loans are variable rate loans, fixed rate loans, and consolidation loans.

Interest Rates on Education Loans

Assuming you are talking about an education loan for higher studies in the United States, the interest rate will depend on the type of loan you get. There are two main types of loans: federal and private. Federal loans are backed by the government and usually have lower interest rates and more flexible repayment options. Private loans are offered by banks and other financial institutions, and often have higher interest rates but may offer more favorable terms depending on your credit score. Interest rates on federal loans are set by the government and will not change during the life of the loan. The current interest rate for undergraduate federal loans is 4.53%. Interest rates for graduate federal loans are slightly higher, at 6.08%. Private loan interest rates can vary quite a bit, depending on the lender and your credit score. Generally, though, you can expect to pay a higher interest rate on a private loan than on a federal loan.

Margin Money

When it comes to taking out an education loan for higher studies, one of the key things to consider is the margin money. This is the amount of money that you will need to put down as a deposit in order to secure the loan. The amount of margin money required can vary depending on the lender and the type of loan. For example, some lenders may require a 5% deposit, while others may only require 2%. The important thing to remember is that the higher the deposit, the lower the interest rate on the loan will be. That being said, it's important to make sure that you only take out an education loan that you can afford. Be sure to consider all of your other expenses before taking out a loan, and make sure that you will be able to make your monthly payments on time.

Collateral

Collateral is an asset that a borrower offers to a lender as security for a loan. The collateral gives the lender a claim on the asset if the borrower fails to repay the loan. Collateral is often used in secured loans, such as mortgages and auto loans. In the case of an education loan, the collateral is usually the student's future earnings. The lender agrees to provide funding for the student's education in exchange for a percentage of the student's future income. This arrangement protects the lender from default and allows the student to get an education without having to immediately repay the full amount of the loan.

Repayment of Education Loan

When it comes to repayment of education loan, there are a few things that you need to keep in mind. The first thing is that you need to start repaying your loan as soon as you finish your studies and start earning. The second thing is that you need to make sure that you repay your loan in time so that you don't end up paying more interest. The best way to repay your education loan is to set up a monthly budget and make sure that you include your loan repayment in it. This will help you stay on track with your repayment and also help you save money on interest. You can also talk to your lender about different repayment options and choose the one that best suits your needs.

Tax Benefits on Education Loan

There are many tax benefits that come with taking out an education loan. The first is that the interest on your loan is tax-deductible. This means that you can deduct the interest you pay on your loan from your taxes, which can save you a significant amount of money. Additionally, if you are paying back your loan through an income-based repayment plan, the amount you pay each year is also tax-deductible. Another great benefit of an education loan is that it can be deferred while you are in school. This means that you do not have to start making payments on your loan until after you graduate. This can give you a much-needed financial break during your studies. Lastly, if you default on your education loan, the government will actually forgive the debt. This means that you will not have to pay back any of the money you borrowed for your education. While this may seem like a long shot, it is important to remember that the government wants to encourage people to get an education and they are willing to help out those who may struggle to repay their loans.

[futuremoneyeasy]

5 Times A Personal Loan Can Help You Out In Emergencies

An individual advance is an incredible companion in the midst of hardship. That is the motivation behind why the Indian family unit devours a lot of moment individual credits to tide through crises. According to an RBI report, banks had Rs. 5.89 lakh of extraordinary individual advances as of May 2010. By June 2018, the personal loan finance company in Delhi's complete remarkable sum had arrived at Rs. 19.33 lakh crore.

At the point when you are in dire need of assets, you can't bear to trust that 3 days will get the advance authorized. Just a crisis individual personal loan settlement agencies in Delhi advance can help you when time is including some built-in costs. Searching for assets in a crisis? Here are five different ways an individual credit can help.

Health-related crises

A health-related crisis is one of the top reasons why one may apply for individual credit. With expanding clinical and hospitalization costs, even those with medical coverage spread make some extreme memories taking care of the tabs. You may debilitate your aggregate guaranteed or you may need to cover medical clinic tabs for an old parent with no medical coverage.

In such a circumstance, a moment individual credit can be a lifeline. At the point when you apply for an individual advance from IIFL Finance, you can get the advance sum in your record in 8 hours with the goal that you get the cash when you need it the most.

Obligation union

Exorbitant acknowledge, for example, those from Mastercards that charge high paces of intrigue can without much of a stretch run wild quickly. Or then again, you may have different advances remarkable that are putting weight on your funds. Some of the time, you may have only 24 hours to pay your EMIs before you default on your credit. A crisis individual credit can get you out of such an emergency. You can likewise take an individual advance to combine (pay off) every one of your obligations that charge high loan costs.

Wedding costs

India's huge weddings are celebrated private personal loan providers in Delhi worldwide and costs can wind wild when style and luxury become the thing to address. Notwithstanding appropriate arranging, wedding costs quite often cross the financial plan and gauges. Today, the expense of a medium-scale wedding begins at Rs. 10 lakh in India.[2] When expenses are high, there is a high chance that you may confront a budgetary crisis from a startling quarter.

For instance, your cooking spending plan may expand from Rs. 5 lakh to Rs. 10 lakh and you may need to pay the cook inside 12 hours or even less. At the point when you are shy of assets, a moment individual credit can make all the difference for you.

Advanced education costs

Instruction credit from a bank may not cover every single cost when your youngster is going through advanced education. There are living costs, voyaging costs and a heap of different costs that requires a lot of cash. In the event that you are shy of assets before sending your youngster to an unfamiliar college abroad or in India, you can apply for an individual advance and meet his/her advanced education costs.

As some training credits charge high paces of intrigue, you can likewise decide on an individual advance to finance your kid's instruction in India and abroad. You can apply for IIFL's Express Personal Loan and get up to Rs. 25 lakh in your record inside 48 hours.

Home fix and remodel

While home remodel may not be something that we can call a crisis, there are times when our homes may require a crisis fix. You can have a harmed divider or roof just before the storm, or a few pieces of your home might be in critical need of fix or redesign before a pivotal event.

Such fixes and redesign can hardly wait for quite a personal loan provider in south Delhi long time; in this way, you will require crisis assets at short notification. You can either delve into your investment funds or apply for a moment individual advance to pay for the expenses of a fix.

Before you choose a loan specialist, it's critical to contrast and different banks and NBFCs and take an educated choice. personal loan providers in east Delhi Check for financing costs, sort of loan costs (coasting or fixed), preparing expenses, prepayment charges, advance residency, and so on. These are the essential things that you have to check. Try not to succumb to the snare of low EMIs, utilize an individual advance EMI mini-computer, and check how much additional you are paying for the advance by broadening your residency.

Contact Details

Name - Future Money Easy Services Pvt. Ltd Email - info.futuremoneyeasy@gmail.com

[jobmajesty]

Best Defence Education Loan in India

To receive a high-quality education, thousands of Indian students choose to study through military educational initiatives. The best means to pay for the cost of studying abroad are generally considered to be education loans, whether in India or elsewhere in the world. Given the rising number of outbound students, several banks offer low-interest education loans for studies overseas. If you're looking for one for yourself, you can find a detailed blog with a list of the top defence education loans in India here.

List of Educational Loans

Leverage Edu has formulated a list of  best education loans in India that can help you reach your dream university: BankStudent Loan Interest for Indian UniversitiesStudent Loan Interest to Study AbroadAxis Bank13.70%13.70%Bank of Baroda7.70%8.35%Bank of India9.05%9.05%Canara Bank8.50%8.50%Central Bank of India8.50%8.50%Federal Bank10.05%10.05%IDBI Bank6.90%8.40%Indian Overseas Bank10.65%10.65%PNB7.05%10.65%SBI7.00%8.80%UCO Bank9.30%9.30%Union Bank of India8.40%8.05%

SBI Education Loan

SBI bank offers education loans for popular courses like MBA, MCA, MS, etc. both at the professional graduate and postgraduate levels, including regular technical and professional degree and diploma courses. You can avail interest-free loan from the bank for diploma courses like Aeronautical, pilot training, shipping, etc. If you are applying for the Charter Institute of Management Accountants courses- CIMA London, the bank will facilitate your educational journey with its low-interest loan. If you are taking loans up to 7.50 Lakh INR, you have to pay an interest rate ranging from 7.97%- 10.20%. You can expect a total educational loan of 35 Lakh INR from the bank.Schemes Maximum Loan AmountApplicable Interest RateSBI Global Ed-Vantage SchemeINR 1.5 Crore 9.55%SBI Student Loan Scheme INR 20 Lakh9.55%SBI Student Scholar SchemeINR 40 Lakh 7.45% to 8.75% SBI Take Over Education LoanINR 1.5 Crore 9.55%

Axis Bank Education Loan 

Another bank that provides the best education loans in India is the Axis bank. It offers both study abroad as well as study in Indian loans to students. You can expect a loan of 10 Lakh INR if you are aiming to pursue studies within the country. However, for overseas education, you can avail 20 lakh INR from the bank. Moreover, the bank has set a special interest rate for women applicants ranging from 16.50% to up to 17.50%. All those who have applied for career-centric courses including Engineering, Medicine, Management are eligible to apply for the Axix bank loan facility.  To fetch the loan facility through Axis bank, it is essential that you are an Indian citizen and you can secure at least 50% of marks in your class 12th or graduation. Loan TypeLoan AmountRepo RateSpreadEducation LoanUpto INR 4 Lacs4.00%11.20%Education LoanINR 4 lacs – 7.5 Lacs4.00%10.70%Education LoanMore than 7.5 Lacs 4.00%9.70%

For the Best and Highest Quality Education. Top Defence Academies in Pune:

Sainik School, RIMC, RMS Coaching Classes - Pune

NDA COACHING PUNE - DCG Defence Academy

MNS | IAF | INA Coaching In Pune

IMU CET & Merchant Navy Coaching In Pune

Best SSB Coaching In Pune

Agniveer (Airforce, Navy, Army) Coaching In Pune

CDS / AFCAT & SSB Coaching In Pune

[gyandhan]

Get the details of the Union Bank of India education loan for studies in India & abroad. Know the interest rate, eligibility criteria, margin money, repayment tenure, and more.

[vsplusonline]

Research gets a boost at NIT-K, Surathkal with CRF - Times of India

New Post has been published on https://apzweb.com/research-gets-a-boost-at-nit-k-surathkal-with-crf-times-of-india/

Research gets a boost at NIT-K, Surathkal with CRF - Times of India

MANGALURU: Research activities at the National Institute of Technology, Karnataka (NIT-K) Surathkal received a shot in the arm, with the dedication of a top-notch Central Research Facility (CRF). It was inaugurated by Union minister of human resources development (HRD) Ramesh Pokhriyal, on Tuesday.

The CRF will have 45 high-end research equipment. These machines will be procured at a cost of Rs 80 crore. The newly inaugurated facility is already equipped with three facilities, and is open to all who want to do research.

Karanam Uma Maheshwar Rao, director, NITK Surathkal, explaining the purpose of the CRF, said that the centre facilitates research and research collaboration, and aims to disseminate research results through research conferences, meetings and various activities. It strengthens undergraduate and postgraduate education by providing students with training opportunities and access to facilities. It also helps to seek extramural research funds.

The centre will be a one-stop production facility with state-of-the-art manufacturing equipments, material characterisation facility and IPR cell. Technology transfer cell, office for industrial consultancy and sponsored research (ICSR) as well as technical business incubator and others.

The facility is a great help to more 700 research students who are in the campus. The equipment will be procured from abroad, but stress will also be given to Make in India products. “The research papers will have more weightage at the international journal when these equipment are used for the purpose,” said a faculty member.

The CRF is funded by the Higher Education Funding Agency (HEFA). It is a joint venture of MHRD, government of India and Canara Bank, for financing creation of capital assets in premier educational institutions in India, to enable premier institutions to excel and reach the top in global rankings by financing the building of world class infrastructure including R&D infrastructure. NITK Surathkal is the only one among 31 NITs chosen by HEFA. The institution is also among six institutes (the only NIT) to get a loan from HEFA in the country.

Foundation stone for new facilities

Ramesh Pokhriyal also laid the foundation stone for Laya and Shruti apartment for faculty and new girls and boys hostels.

The faculty apartment block will have green building features which include, energy-efficient design, use of fly ash based CC block for masonry with minimum 40 per cent fly ash content; use of industrial waste like GGBS as cement replacement; low VOC paints, LED-based energy efficient luminaries and 75 per cent of built up area lit with natural daylight.

Source link

[elaneducationloans]

Discover Union Bank of India's education loan offerings for students aspiring to study abroad. Get information on interest rates, eligibility, and benefits.

[lorien1208]

Education Loan for Studying in Germany

Germany is one of the top destinations for international students seeking high-quality education, with its renowned universities, affordable tuition fees, and a rich cultural experience. However, the cost of living and other expenses can be a challenge for students planning to study there. Fortunately, education loans can help bridge the gap. Here's a comprehensive guide to securing an education loan for studying in Germany.

1. Why Study in Germany?

Germany offers numerous advantages for international students:

Affordable Education: Public universities in Germany offer education with minimal or no tuition fees for both local and international students. However, there may be administrative fees and costs related to student unions and services.

High-Quality Education: Germany is home to some of the best universities globally, offering a wide range of courses in English, particularly at the postgraduate level.

Post-Graduation Opportunities: The country boasts a strong economy and offers ample job opportunities for skilled graduates, particularly in fields like engineering, technology, and business.

Cultural Experience: Living in Germany provides an enriching cultural experience with a well-developed infrastructure, vibrant student life, and beautiful landscapes.

Despite the attractive benefits, the cost of living in Germany can range from €800 to €1,200 per month, which can be a financial burden for many students.

2. Understanding Education Loans for Germany

An education loan is a financial product designed to help students cover the expenses of their studies, including tuition fees, living costs, and travel expenses. For international students planning to study in Germany, banks and financial institutions in both the home country and Germany offer various education loan schemes.

3. Eligibility Criteria for Education Loans

To be eligible for an education loan for studying in Germany, students generally need to meet the following criteria:

Admission to a German University: The student must have secured admission to a recognized university or higher education institution in Germany.

Age Limit: Most lenders have an age limit of 18 to 35 years for loan applicants.

Good Academic Record: Lenders often prefer students with a strong academic background, though it may not be a mandatory requirement.

Co-Applicant: A co-applicant (typically a parent or guardian) may be required, particularly for students without a stable income source.

Visa Requirements: Students must have the required documents for a German student visa to apply for the loan.

4. Types of Education Loans for Germany

There are two main types of education loans available to students:

a) Loans from Indian Banks: Many Indian banks offer education loans for studying abroad, including in Germany. These loans can cover both tuition and living expenses and typically offer flexible repayment options. Common banks that provide such loans include:

State Bank of India (SBI)

HDFC Bank

ICICI Bank

Axis Bank

Punjab National Bank (PNB)

b) Loans from German Banks: Some German banks offer education loans to international students, though these loans typically require students to have a part-time job or demonstrate financial support from family members. Popular banks include:

Deutsche Bank

DZ Bank

KfW Bank (specialized loan schemes for international students)

5. What Expenses Can an Education Loan Cover?

An education loan for Germany can typically cover the following expenses:

Tuition Fees: Though public universities often have low tuition fees, private institutions may charge higher fees.

Living Expenses: Rent, food, transportation, health insurance, and other daily expenses.

Travel Expenses: Costs related to flights, transportation, and visa application fees.

Study Materials: Books, course materials, and equipment required for the course.

Miscellaneous: Some loans may also cover unforeseen expenses, including emergency costs.

6. Loan Amount and Interest Rates

The loan amount and interest rate depend on several factors such as the bank or financial institution, the student's course of study, and the repayment period.

Loan Amount: Indian banks generally offer loan amounts ranging from ₹10 lakhs to ₹50 lakhs for studying in Germany. The amount can be adjusted based on the course, university, and financial requirements.

Interest Rate: The interest rate on education loans for Germany ranges between 9% to 14% per annum, depending on the bank and the loan amount.

Repayment Period: Repayment generally begins six months after the completion of the course or after securing employment. The repayment period typically spans 10 to 15 years.

Some banks also offer lower interest rates for female students or students with excellent academic records.

7. Documents Required for Education Loan

The following documents are typically required when applying for an education loan:

Admission Letter: Proof of acceptance into a German university.

Academic Records: Marksheets and certificates from the previous educational institutions.

Proof of Identity: Passport, Aadhaar card, or any other government-issued identity document.

Proof of Address: Utility bills or rent agreements.

Co-Applicant’s Documents: Income proof, ID proof, and address proof of the co-applicant (usually a parent).

Financial Documents: Bank statements, income tax returns, or other proof of financial stability.

8. Tips for Securing an Education Loan

Start Early: Begin your loan application process well in advance of your intended departure to Germany, as it can take time for approval and disbursement.

Understand Terms and Conditions: Carefully read and understand the loan terms, including interest rates, repayment schedules, and processing fees.

Maintain a Strong Credit Record: A good credit score can increase your chances of getting approved for the loan with favorable terms.

Seek Guidance: Consult with loan officers or financial experts to ensure you're choosing the best loan option for your needs.

9. Conclusion

Studying in Germany is a life-changing opportunity, and an education loan can be a vital tool in making this dream a reality. With the right research and planning, you can find a loan that suits your financial situation and ensures that your time in Germany is focused on your studies, not financial stress. Whether you choose a loan from an Indian or German bank, make sure to understand all aspects of the loan agreement to ensure a smooth academic journey abroad.

[iasshikshalove]

Daily Current Affairs 25th April 2020

FIRST PLASMA THERAPY TO BEGIN IN KARNATAKA TODAYConvalescent Plasma Therapy:

In order to combat the COVID-19 pandemic, researchers and scientists are working tirelessly to develop a proper treatment for patients infected with the novel Coronavirus.

Amid testing the already existing antiviral drugs and new ones, the researchers have come across the Convalescent Plasma Therapy, which could be a potential treatment for the virus.

Several countries including China and the US have already started the clinical trials of the Convalescent Plasma Therapy due to the absence of a coronavirus-specific treatment to cure the infected patients.

The Convalescent plasma therapy was first used during the 1918 Spanish Influenza outbreak.

The approach was used recently during the outbreak of SARS, MERS and Ebola viruses.

What is Convalescent plasma therapy and how does it work to fight COVID-19?

Convalescent Plasma Therapy, also known as passive antibody therapy, provides a person with already developed antibodies to fight a virus.

Under the Plasma Therapy, the COVID-19 patients will be infused with an antibody-rich blood plasma of the people who have recovered from the novel Coronavirus.

The Convalescent Plasma Therapy is based on the antibodies and proteins developed by the immune system that protects the body from any potential harm.  

When any virus attacks the body, the immune system produces antibodies to attack the virus. These antibodies are produced by immune cells ‘B lymphocytes’, found in blood plasma.

The person who recovers from a virus has developed antibodies that stay in blood to fight the same virus, if it returns.

And if these antibodies are infused into other person infected with the same virus, they recognise the virus and attack it. However, these antibodies stay for short period in other person’s blood.

Some antibodies neutralize the virus and some work by mobilizing the immune cells to combat a disease.

Is the Convalescent Plasma Therapy a success in treating COVID-19 patients?

It is not yet clear that which mechanism will be followed by COVID-19 antibodies to fight off the disease.

However, it is expected that the infusion of blood plasma will boost the passive immunity until the patient develops his or her own targeted ability to combat the virus.

Results of Convalescent plasma therapy trials conducted in China:

As per the tests conducted on a few patients of Coronavirus in China, the therapy came out as a promising option for severe cases.

The tests were conducted in 10 patients who were given a single dose of blood plasma of recovered patients.

The results showed that the coronavirus disappeared from patients’ blood in 7 days; lung lesions improved within 7 days and clinical symptoms improved significantly within 3 days.

Why in News?

The first plasma therapy in Karnataka for COVID-19 patients will begin on Saturday, and will be carried out jointly by the Bangalore Medical College and Research Institute (BMCRI) and the HCG Hospital.

Jawaid Akthar, Additional Chief Secretary (Health and Family Welfare), said that many people who have recovered from the disease have come forward to donate their blood.

We will begin by collecting the samples of two or three people who have recovered.

Those who have other co-morbidities cannot participate in this process.

R. Jayanthi, Dean and Director of BMCRI, said that a mass appeal will be sent to patients who have recovered from COVID-19 to come forward and donate.

“Those who are discharged and are in the period of 14 to 28 days can come forward to donate.”

The trial will test the efficacy of plasma therapy which uses antibodies of cured patients to treat critically ill COVID-19 cases.

NO PLAN TO EASE FISCAL DEFICIT TARGETSWhat is Fiscal Deficit?

Fiscal deficit is the distinction between the government’s total expend and its total receipts and this excludes borrowing.

Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts)

The fiscal deficit has to be financed by borrowing. Hence, it manifests the total borrowing necessities of the government from all the possible sources.

Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad.

Difference Between Fiscal Deficit and Revenue DeficitBasisFiscal DeficitRevenue Deficit

MeaningThe fiscal deficit is the excess of Budget Expenditure over Budget Receipt other than borrowings.Revenue deficit is the surplus of Revenue Expenditure over Revenue Receipts.

SignificanceIt reflects the total government borrowings during a fiscal year.It reflects the inefficiency of the government to reach its regular or recurring expenditure.

FormulaBudgetary Deficit – Borrowings

Or

BE – BR excluding Borrowings

(RE +CE)–(RR+CR excluding borrowings)

Revenue expenditure –Revenue receipts.

Or

RE – RR

Sources to Finance Fiscal Deficit

Following Are the Two Sources to Finance Fiscal Deficit:

(a) Borrowings

The fiscal deficit is accomplished by the borrowings from a commercial bank, internal sources like public, etc. or from the external sources like International Agencies like IMF, Foreign Governments, etc.

(b) Deficit Financing (I.e. Printing New Currency)

The government can also borrow funds from RBI against its securities to meet the fiscal deficit. Therefore, RBI issues new currency for this purpose.

This process is recognized as Deficit Financing.

What is the Finance Commission?

The Finance Commission was established by the President of India in 1951 under Article 280 of the Indian Constitution.

It was formed to define the financial relations between the central government of India and the individual state governments.

There have been fifteen commissions to date. The most recent was constituted in 2017 and is chaired by  K.Singh, a former member of the Planning Commission.

The recommendations made by the Finance Commission are only advisory in nature and hence, not binding on the government.

The 15th Finance commission makes recommendations for the period of 2020-2025 (5 years).

Importance of 15th Finance Commission:

The 15th FC has been set up in a time when huge reforms have been taken under the fiscal federalism:

Replacement of Planning Commission with NITI Aayog.

Implementation of GST reforms.

Abolition of the planned and non-planned expenditure.

Why in News?

Despite the strain on government finances due to the COVID-19 pandemic, there is no credible proposal to amend the legislation meant to control the fiscal deficit, Chairman of the 15th Finance Commission N.K. Singh said.

The government was currently looking to see how to ameliorate economic hardship while staying within the broad framework of the existing law.

While presenting the Union Budget in February, the Finance Minister had invoked the Fiscal Responsibility and Budget Management Act’s escape clause to relax the fiscal deficit target for 2020-21 by 0.5% percentage points to 3.5% of the GDP.

If the government wishes to increase spending further in light of the current crisis, as many economists have recommended, it may need to amend the Act.

The State governments have been demanding that their own 3% fiscal deficit targets be relaxed to 4% or even 5%, to give them elbow room in dealing with the impact of the lockdown.

Need for New Law:

Singh said that change would not be possible without fresh legislation being enacted by the States.

A more expeditious method would be for the States to first trigger their own escape clauses.

He also cautioned that the States need to weigh the cost of borrowing from the market, and whether there would be appetite for their bonds.

Economic Advisory Council members felt that options need to be considered for financing the additional deficit.

It is important to ensure that the State governments get access to adequate funds to undertake their fight against the pandemic, they said, adding that different States may come out of the pandemic’s impact in different stages.

A support mechanism for cash-starved small enterprises needs to be a top priority, along with partial loan guarantees and other measures to protect non-banking financial companies.

WILDLIFE BOARD NOD FOR MINING IN ASSAM ELEPHNAT RESERVEElephant Reserves of India:

The Government of India had launched the project Elephant in the year 1992 as a Centrally Sponsored Scheme with objectives to protect elephants, their habitat & corridors; to address issues of man-animal conflict; and welfare of captive elephants.

The project aims to ensure the long-term survival to the populations of elephants in their natural habitats by protecting the elephants, their habitats and migration corridors.

Other goals of Project Elephant are supporting the research of the ecology and management of elephants, creating awareness of conservation among local people, providing improved veterinary care for captive elephants.

Activities of the Project Elephant:

Ecological restoration of existing natural habitats and migratory routes of elephants;

Development of scientific and planned management for conservation of elephant habitats and viable population of Wild Asiatic elephants in India.

Promotion of measures for mitigation of man elephant conflict in crucial habitats and moderating pressures of human and domestic stock activities in crucial elephant habitats.

Strengthening of measures for protection of Wild elephant’s form poachers and unnatural causes of death.

Research on Elephant management related issues.

Public education and awareness programmes.

Eco-development.

Veterinary care.

List of Elephant Reserves of IndiaElephant RangeElephant ReserveLocation

East-Central landscape (South-West Bengal-Jharkhand-OrissaMayurjharna ERWest Bengal

Singhbhum ERJharkhand

Mahanadi ER

Sambalpur ER

Baitami ER

South Orissa ER

Orissa

Lemru ER

Badalkhol-Tamorpingla ER

Chhattisgarh

Kameng-Sonitpur Landscape (Arunachal- Assam) TotalKameng ERArunachal Pradesh

Sonitpur ERAssam

Eastern-South Bank Landscape (Assam- Arunachal Pradesh)Dihing-Patkai ERAssam

South Arunachal Pradesh ERArunachal Pradesh

Kaziranga-Karbi Anglong-Intanki Landscape (Assam- Nagaland)Kaziranga-Karbi Anglong ER

Dhansiri-Lungding ER

Assam

Intanki ERNagaland

North Bengal-Greater Manas Landscape  (Assam-West Bengal)Chirang-Ripu ERAssam

Eastern Doars ERWest Bengal

Meghalaya LandscapeGaro Hills ER

Khasi Hills ER

Meghalaya

Brahmagiri-Nilgiri-Eastern Ghat Landscape (Karnataka- Kerala-Tamilnadu-Andhra)Mysore ERKarnataka

Wayanad ERKerala

Nilgiri ERTamil Nadu

Rayala ERAndhra Pradesh

NilamburKerala

Coimbatore ERTamil Nadu

Anamalai-Nellianpathy-High Range Landscape (Tamil Nadu-Kerala)Anamalai ERTamil Nadu

Anamudi ERKerala

Periyar-Agasthymalai Landscape (Kerala-Tamilnadu)Periyar ERKerala

Srivilliputhur ERTamil Nadu

North-Western Landscape (Uttarakhand-Uttar Pradesh)Shivalik ERUttarakhand

Uttar Pradesh ERUttar Pradesh

National Board for Wildlife (NBWL):

The NBWL is constituted by the Central Government under Section 5 A of the Wildlife (Protection) Act, 1972 (WLPA).

It serves as an apex body to review all wildlife-related matters and approve projects in and around national parks and sanctuaries.

The board is advisory in nature and advises the Central Government on framing policies and measures for conservation of wildlife in the country.

It is chaired by India’s Prime Minister and its vice-chairman is Minister of Environment.

The NBWL has 47 members including the chairperson.

Among these, 19 members are ex-officio members.

Every new government constitutes a new board, based on the provisions of the WLPA, with the new PM as the chair.

Functions of NBWL:

The primary function of the NBWL is to promote the conservation and development of wildlife and forests.

It has the power to review all wildlife-related matters and approve projects in and around national parks and sanctuaries.

No alternation of boundaries in national parks and wildlife sanctuaries can be done without the approval of the NBWL.

North-Easter Coal Field (NECF):

North Eastern Coalfieldsis a unit of Coal India Limited, which has its headquarters in Margherita in Assam.

The unit came into existence in 1975 after nationalization of coal mines in India.

It took over the private mines operating in the Northeastern states of India and at present has mines operating in states of Assam, Meghalaya, Nagaland and Arunachal Pradesh.

At present there are five working mines – three underground and two opencast mines.

Why in News?

Amid the countrywide lockdown, the National Board for Wildlife (NBWL) has recommended coal mining in a part of an elephant reserve in Assam.

The NBWL’s Standing Committee had on April 7 discussed a proposal for use of 98.59 hectares of land from the Saleki proposed reserve forest land for a coal mining project by North-Easter Coal Field (NECF), a unit of Coal India Limited.

The NBWL is under the Ministry of Environment, Forest and Climate Change (MoEFCC).

Saleki is a part of the Dehing Patkai Elephant Reserve that includes the Dehing Patkai Wildlife Sanctuary covering 111.19 sq km of rainforest and several reserve forests in Sivasagar, Dibrugarh and Tinsukia districts.

Panel Set Up:

The NBWL had in July 2019 formed a committee comprising its member R. Sukumar, Assam’s Chief Wildlife Warden, and a representative of the local wildlife division for assessing the mining area.

In the April 7 meeting, Mr. Sukumar stated that 57.20 ha of hilly forestland had already been broken up by the user agency (NECF) and the remaining 41.39 ha was unbroken.

He recommended a “cautious approach” for preserving the “basic integrity of this forested hill slope” that is a part of the elephant reserve in Assam adjoining Arunachal Pradesh’s Deomali Elephant Reserve with “a sizeable population of elephants”.

After detailed discussions, the Standing Committee “recommended for approval” the proposal for mining in the broken-up area after the user agency submits a rectified site-specific mine reclamation plan in consultation with the Assam Forest Department.

IITD’S CORONAVIRUS DETECTION ASSAY GETS ICMR APPROVAL

IIT Delhi said it has got the approval from the Indian Council for Medical Research (ICMR) for a probe-free coronavirus detection assay developed by it.

The assay had been validated at ICMR with a sensitivity and specificity of 100%, making IIT-D the first academic institute to have obtained ICMR approval for a real-time polymerase chain reaction (PCR)-based diagnostic assay.

The assay was developed by researchers at IIT Delhi’s Kusuma School of Biological Sciences (KSBS).

Using comparative sequence analyses, the IIT Delhi team identified unique regions (short stretches of RNA sequences) in the COVID-19/SARS COV-2 genome.

These regions are not present in other human coronaviruses, providing an opportunity to specifically detect COVID-19.

It added that the method used primers targeting unique regions of COVID-19 that were designed and tested using real-time PCR.

These primers specifically bind to regions conserved in over 400 fully sequenced COVID-19 genomes.

This highly sensitive assay was developed by extensive optimisation using synthetic DNA constructs followed by in-vitro generated RNA fragments.

The research team said the assay would be useful for specific and affordable high throughput testing.

This assay can be easily scaled up as it does not require fluorescent probes. The team is targeting large-scale deployment of the kit at affordable prices with suitable industrial partners as soon as possible.

Clean code: The team has identified unique regions (stretches of RNA sequences) in the SARS COV-2 genome. IIT-DELHI

SERUM INSTITUTE EYES COVID-19 VACCINE BY OCT

The city-based Serum Institute of India has said that it expects the vaccine for COVID-19 developed by the University of Oxford in the market by October or November provided the safety and efficacy of the product is established during trials.

The institute has partnered with the Oxford vaccine project as one of the seven global institutions that will manufacture the vaccine.

In around two weeks, we can produce five million doses a month and scale that up to 10 million after six months while typically producing a vaccine takes a long time.

Observing that there were a lot of people who thought that they would have a vaccine in a few months, Mr. Poonawalla said there was, however, a strong caveat.

Trial Process:

If the vaccine works in the U.K. trial and we do another trial in India, which we are hoping to start shortly, in safety and efficacy, only then will it be available by October or November and that is only if we start producing at our personal cost in risk by the end of this month.

Further, he said the institute would be using one of the existing facilities for manufacturing the COVID-19 vaccine.

However, it will take over two years to set up new manufacturing facility for COVID-19 vaccine.

Typically vaccines take many years but with the regulatory approvals in India that have been very carefully changed for this product development, we are very pleased to announce that we will be able to do it by the end of this year.

SII is currently looking at 4-5 million doses monthly and would start manufacturing early to save time in the hope that the trial would be successful.

we hope to build up 20-40 million doses by September-October in the hope that if the trial works, then we will have this product.

SII would be partnering with ICMR for the clinical trials and that he was in touch with the Department of Biotechnology.

WORD OF THE DAYCaveat:

A warning or proviso of specific stipulations, conditions, or limitations.

[abroadstudyloan]

Best education loans for abroad studies

There are numerous banks and financial institutions in India which offer educational loans for students planning to study abroad. The process, eligibility criteria and interest rates vary from lender to lender. Hence, it is advisable for students to compare and contrast different options before choosing a loan. Some of the best education loans for abroad studies are: 1) HDFC Credila: HDFC Credila offers student loans up to Rs. 1 crore for pursuing higher education in over 1,400 institutes across the globe. The repayment tenure of the loan is up to 15 years. 2) Axis Bank: Axis Bank provides educational loans of up to Rs. 20 lakhs for studies in over 21 countries including the US, UK, Canada, Australia and Singapore. The repayment period ranges from 5 to 7 years. 3) SBI: State Bank of India offers educational loans starting from Rs. 10 lakhs for studying in foreign universities. The maximum loan amount is Rs. 20 lakhs and the repayment tenure is up to 7 years.

Introduction

For many students, taking out a loan for their education is the only way to finance their higher studies. But with so many different options available, it can be difficult to know which one is right for you. In this blog post, we'll explore the different types of education loans available and help you decide which one is best for your needs. We'll also provide some tips on how to manage your loan repayments and keep your debt under control.

What is an Education Loan?

An education loan is a sum of money borrowed from a financial institution to pay for educational expenses. It is also known as a student loan or a student financial aid. The purpose of an education loan is to help students meet the costs of their higher education, such as tuition fees, books, and living expenses. Education loans are available from a variety of sources, including banks, credit unions, and private lenders. Most education loans must be repaid with interest. The terms of repayment vary depending on the lender, but typically include a grace period after graduation during which repayment can be deferred. Education loans are an important source of funding for many students, but they should be used responsibly. Borrowers should only borrow the amount they need and make sure they understand the terms of their loan before signing any paperwork.

Who Can Apply for an Education Loan?

Education loans are available for Indian citizens who wish to pursue higher education in India or abroad. The loan can be availed for full-time courses like regular/correspondence degree/diploma courses, post-graduate degree/diploma courses, executive management programs etc. Part-time courses like CAs, ICWAs, company secretaries etc. are also covered under education loans. Loans can also be availed for pursuing higher education through correspondence or distance learning provided the course is approved by AICTE/UGC/DEC/Government etc. The main criteria for eligibility for an education loan are: -The applicant should be an Indian citizen. -For loans up to Rs 4 lakhs, the age limit is 35 years and for loans above Rs 4 lakhs, the age limit is 40 years. -The applicant should have secured admission to a full time course in an institute which has been recognised by the government or any other statutory body. -Courses offered by Open University or Distance Education institutions approved by DEC, UGC, AICTE etc are eligible under the scheme. -Applicants should have a regular source of income to repay the loan amount within the specified period of time.

Types of Education Loans

There are two main types of education loans: federal and private. Federal student loans are issued by the government and typically have lower interest rates than private student loans. They also may offer more flexible repayment terms. The four main types of federal student loans are Direct Subsidized Loans, Direct Unsubsidized Loans, PLUS Loans, and Perkins Loans. Private student loans are issued by banks, credit unions, and other financial institutions. Private student loans typically have higher interest rates than federal student loans and often require a co-signer. The three main types of private student loans are variable rate loans, fixed rate loans, and consolidation loans.

Interest Rates on Education Loans

Assuming you are talking about an education loan for higher studies in the United States, the interest rate will depend on the type of loan you get. There are two main types of loans: federal and private. Federal loans are backed by the government and usually have lower interest rates and more flexible repayment options. Private loans are offered by banks and other financial institutions, and often have higher interest rates but may offer more favorable terms depending on your credit score. Interest rates on federal loans are set by the government and will not change during the life of the loan. The current interest rate for undergraduate federal loans is 4.53%. Interest rates for graduate federal loans are slightly higher, at 6.08%. Private loan interest rates can vary quite a bit, depending on the lender and your credit score. Generally, though, you can expect to pay a higher interest rate on a private loan than on a federal loan.

Margin Money

When it comes to taking out an education loan for higher studies, one of the key things to consider is the margin money. This is the amount of money that you will need to put down as a deposit in order to secure the loan. The amount of margin money required can vary depending on the lender and the type of loan. For example, some lenders may require a 5% deposit, while others may only require 2%. The important thing to remember is that the higher the deposit, the lower the interest rate on the loan will be. That being said, it's important to make sure that you only take out an education loan that you can afford. Be sure to consider all of your other expenses before taking out a loan, and make sure that you will be able to make your monthly payments on time.

Collateral

Collateral is an asset that a borrower offers to a lender as security for a loan. The collateral gives the lender a claim on the asset if the borrower fails to repay the loan. Collateral is often used in secured loans, such as mortgages and auto loans. In the case of an education loan, the collateral is usually the student's future earnings. The lender agrees to provide funding for the student's education in exchange for a percentage of the student's future income. This arrangement protects the lender from default and allows the student to get an education without having to immediately repay the full amount of the loan.

Repayment of Education Loan

When it comes to repayment of education loan, there are a few things that you need to keep in mind. The first thing is that you need to start repaying your loan as soon as you finish your studies and start earning. The second thing is that you need to make sure that you repay your loan in time so that you don't end up paying more interest. The best way to repay your education loan is to set up a monthly budget and make sure that you include your loan repayment in it. This will help you stay on track with your repayment and also help you save money on interest. You can also talk to your lender about different repayment options and choose the one that best suits your needs.

Tax Benefits on Education Loan

There are many tax benefits that come with taking out an education loan. The first is that the interest on your loan is tax-deductible. This means that you can deduct the interest you pay on your loan from your taxes, which can save you a significant amount of money. Additionally, if you are paying back your loan through an income-based repayment plan, the amount you pay each year is also tax-deductible. Another great benefit of an education loan is that it can be deferred while you are in school. This means that you do not have to start making payments on your loan until after you graduate. This can give you a much-needed financial break during your studies. Lastly, if you default on your education loan, the government will actually forgive the debt. This means that you will not have to pay back any of the money you borrowed for your education. While this may seem like a long shot, it is important to remember that the government wants to encourage people to get an education and they are willing to help out those who may struggle to repay their loans.

[moreyouread]

What you should know about politics but don’t

A non partisan take on issues

VOTING

- Hanging chad and how all machines are controversial voting systems

- Gerrymandering set after a census every 4 years

- Generally incumbents are voted in until they die? How again?

- Campaign funding is controlled by large organizations technically not associated but largely supported by the candidate

ECONOMY

- Great Recession bail out and why it was necessary, as well as the Dodd-Frank laws to constrain proprietary trading

- Taxes and how the rich are taxed at higher rates, while supply-side and trickle down Reaganomics believe tax cuts for the rich stimulate the economy with investments from the rich (largely not true), and types of taxes like income, capital gain, death tax and sales tax, some of which is double taxation

- Deficit and why it’s especially unfair to young people, why we have to keep China, Japan, Brazil, and Britain happy, and why whoever in power says deficit is ok, how Germany lent to Greek and fell due to the banking crisis in the US, and how deficit means higher interest rates for everyone

- Oil and how selling oil in Euros spiked the price for Americans, and how Russia and Iran approach oil differently

FOREIGN POLICY

- Opinions of war policy range from passive to active: liberal internationalists (diplomacy first), paleocons (weak today but at the time willing to fight in strategic situations), realists, liberal hawks, and neocons (super aggressive)

- Difference in realist and neocons are their motivation for security vs ideology. Liberal hawks are somewhere in the middle

- Middle East is a mess with the US invading Iraq for preemptive reasons when Bin Laden was in Afghanistan and then Pakistan

- Iran also has power with nuclear power and is clearly anti American

- Arab Springs led to the downfall of many governments, including an especially gory revolution in Syria

- Russia: oil, India and China: economic powers, and North Korea: built nuclear bombs without US consent

MILITARY

- military contractors: are they a good thing or is it dangerous to give power to wealth, connect private companies with government? Needed bc military is made up of volunteers but bad given they answer to no one

- don’t ask don’t tell: should we have repealed or were we merely protecting gays?

- drones: are they ethical? Or do we risk violating rights and killing civilians?

HEALTHCARE

- Universal access

- Healthcare is too expensive

- HMOs

ENERGY

- Coal is big in the US and though it is dirty it powers most of our electricity — most politicians are ok with it

- Electricity prices are controversial, as the FERC does not cap wholesale prices, leading to the great heatwave in 2000 in CA

- Oil is controversial bc the suppliers are Russia, Iran, Iraq, and Saudi. OPEC controls prices, and we are shifting towards Canada. Countries like Iraq have invaded Kuwait for oil, and some say the US Iraq war is for the same thing. The risk for the US all depends on when the Hubbert peak occurs

- Nuclear power is risky but most of France runs on it, due to what happens when it leaks

- Democrats want alternative energy and efficiency (CAFE sets average mpg rules for cars) and Republicans want more of what we have

ENVIRONMENT

- acid rain: spent billions to reduce acid rain being caused by coal burning

- ozone hole: easily reduced because had technology to replace it

- both Republicans and Democrats generally believe environment is a problem; started EPA with Republicans through Teddy

- aesthetics >> public health

- environmental moralists, utilitarians, deregulators

- Kyoto Accords cancelled eventually in 2009, but the US didn’t sign it; developing markets didn’t need to reduce

- Cap-and-trade market vs carbon dioxide tax, both strategies to reduce energy and adopted in the US in small ways

- renewable energy vs. Alaska for more oil: wind (disrupts nearby habitats), biofuel (needs a lot of land), solar panels (expensive and requires sun), hydrogen (need electricity to power)

CIVIL LIBERTIES

- philosophical inconsistencies between libertarians and executivists, along party lines

- free speech - Vietnam War and Occupy Wall Street led to questionable police behavior towards peaceful protestors, as well as obstruction of press

- gun violence - Brady Gun Law, urban and rural split

- Warrants and wiretapping - controversial during Bush era of PATRIOT ACT, but it helped prevent a lot of attacks, lenient post wiretapping approval

- Torture - rendition to other countries that will torture or move to offshore places helps get past US habeas corpus, which Obama didn’t really back down on, leaves the US in morale low ground

- Declaring war - similar lenient Congress support but presidents usually ignore this, saying only large world wars need congressional approval

- Capital punishment - is this cruel and unusual? Varies by state

CULTURE WARS

- Abortion: Rode vs Wade, not consistent by state

- Right to Die: Republicans support Terri’s Law to prevent state sanctioned murder, physician-assisted Suicide

- Stem cell research: not super political but Republicans don’t believe in it as much due to Bush’s restrictions that Obama incrementally lifted

- Gay marriage - prop 8 in California in 2008 legalizing gay marriage supported by Mormons

- Pledge of Allegiance, Ten Commandments - allow people to not say it, not put it on public facilities

- Mostly people don’t care about culture wars any way these days, except for the Christian Right

SOCIOECONOMIC POLICY

- Immigration: while everyone agrees illegal immigrants should not be here and that immigration should be controlled in numbers for practical reasons, we cannot figure out ways to deal with illegal immigrants already in the US

— Allowing drivers licenses to immigrants allows for better tracking of them but leads to risks like illegal voting, etc.

— Immigrants kept prices for low income work low as they increased supply with increased demand

— Deporting parents leads to higher costs for the children

- unions are supported by democrats in theory and criticized by republicans for taking jobs overseas

- social security - argue for privatization because government always loans from it, helps the poor or financially illiterate bc there is a cap on how much you get annually, and it is always projected for bankruptcy

- unemployment subsidies and the costs of hiring a woman

- agriculture subsidies - food wonks, food protectionists, and food free marketers; almost everyone supports it; it is needed to compete for markets in Europe that will pay more for food and to bring together dispersed interests

- food stamps and welfare - in the past food stamps were sold to buy drugs but has been fixed with electronic swipe system; today still mostly Democrats support stamps only, believing it is a private matter to support people;

- welfare was important in the Great Depression but became a dependency to be reduced; many poor immigrants work harder and better than the poor; culture is the root cause

HOMELAND SECURITY

- Pork infrastructure jobs get hired through ricision or earmarking, eg bridge to nowhere, and generally politicians support infrastructure for whatever region they represent

- Republicans usually favor privatization of roads, transportation. However Amtrak and private airlines are both examples of how this fails

- roads remain heavily subsidized with tolls or taxes (people prefer tolls on the turnpikes)

- Department of homeland security started after 9/11 by Republicans — doesn’t receive federal employee benefits of non-firing

- Infrastructure is failing, e.g. 2007 bridge collapse in Minneapolis

- Disaster response from FEMA is terrible, demonstrated by Katrina. However more of that could have been a wealth issue

EDUCATION

- has always been connected to race and class, with Republicans favoring freedom and Democrats favoring improvements to public schools

- busing, desegregation of schools in 1950s

- affirmative action quotas were outlawed but a middle ground was allowed as long as individual consideration still happened

- vouchers for private school is controversial given 70% or private schools are religion

- NCLB by Bush failed 50% of schools and was lifted by Obama, not providing support to failing schools — compassionate conservatism or just support McGraw for its political funding

TRADE

- protectionist (Democrats) vs liberalist or free traders

- Great Depression was the start of the trade wars of tarifs for all foreign imports, with protectionism generally looked down upon

- bureaucratic tariffs like more checks etc also exist

- After WW2, created:

—- World Bank to loan money to European banks suffering

—- WTO to regulate trade and provide IP protection

—- IMF to provide cash when a country goes bankrupt

- from this emerged the free traders, who believe developing worlds should not have free trade or protectionism pushed onto them

- free traders believe in morality issues and protectionists believe it hurts the US:

—- lose jobs to people overseas

—- pollution in China makes its way here

—- lack of labor standards abroad is immoral

—- corporations getting around taxes with overseas taxes

—- trader deficit since US imports more than it exports is a bad thing for the US

—- race to the bottom to compete within developing world for jobs from the US, hurting those in developing markets while the US affords more

- agreements like NAFTA pop up around the world: Arab, ASEAN, CAFTA, Malaysia and China, Russia and China, EC or parent of EU, with some challenging trade in the dollar

- banana war: forced EU to buy US Dole bananas thru sanctions and the WTO, angering the EU

- steel tariffs from GW Bush harmed auto industry buying steel in US

[uvgullascollegeofmedicine]

UV Gullas College of medicine fee structure is moderate for Students also serves International Students especially very comfortable for Indian students who wish to study Medicine with affordable Fees Structure.

The tough competition in getting a seat in government medical college in India and the high cost in private medical colleges concern many parents. They will truly be impressed with the UV Gullas Fees Structure in the Philippines.

In India, there is a tough competition to get a seat in the government medical college. When it comes to private medical colleges, the high fee structure makes it a tough thing for many students and their parents. The UV Gullas college of Medicine Fees Structure makes MBBS Study in Philippines affordable for students from India.

For those looking for the best country to study MBBS, Philippines truly holds the best place. For Indian students planning to study MBBS abroad, they can choose the UV Gullas College of Medicine. The college has been serving many Indian students planning for MBBS abroad and most alumni from this college are Indians and they are placed well.

MBBS in Philippines Fee structure for Gullas College of medicine is affordable to International medical aspirants seeking to study medicine from Philippines medical colleges.

When talking about their vision, UV Gullas says “It is our vision to provide to every talented student with accessibility to functional, high-grade studies at affordable costs. We endeavor to improve educational reach ability through innovation and strategy while even contributing to enhancement in quality of life for deserving individuals.” 

Mbbs in Philippines — UV Gullascollege of medicine Fees is consistently can be paid in two portions which is very affordable for Indian students and they are permitted to pay in same mode for every semester.

Whereas UV Gullas College of Medicine admissions come with flexible payment modules as students having installment options to pay their fees and without donation or capitation fees. Total course duration is 5 years 4 months. The first year fees is 5.95 lakhs. It includes Tuition fee, Admission fee, enrollment fee etc.

It offers relevant documents to students by which they can apply for study loan for abroad.

Study MBBS in UV Gullas College of Medicine to get a world-class education. Check with our experts for this leading Philippines medical college fees today. Medicine in Philippines today is most preferred by International students as they find MBBS in Philippines is most affordable and UV Gullas college of medicine tuition fee can be afforded by people of all catagory who look to study MBBS abroad.

 UV Gullas college of medicine fee structure for the year 2020-2021

TUTION FEES S.Y 2020 - 2021Pre-Medicine Program (Bs Biology) Doctor Of Medicine (M.D)

OTHER FEES & EXPENCES Visa, Documentation, 1 year Insurance, Flight Ticket (One Way) - INR 1,25,000/:

Food and Accommodation (Per Month) - PESO 11,000

All Fees to be remitted to the below mentioned bank account through wire transfer

BANK : UNION BANK OF THE PHILIPPINE Account Name : GULLAS COLLEGE OF MEDICINE

Account Number : 00-008-000122-1 (PESO ACCOUNT) Swift Code : UBPHPHMM Branch : Borromeo Plaza, 8 A. Borromeo St, Cebu City, Philippines Academic Year Fees in USD Approx. INR Value For 3 Semester and 1 Summer INR 5,95,000/:

MD - 1st Year USD 3,800 INR 2,50,000 MD - 2nd Year USD 3,800 INR 2,50,000 MD - 3rd Year USD 3,800 INR 2,50,000 MD - 4th Year USD 3,800 INR 2,50,000 GRANT TOTAL INR 15,95,000/:

 UV Gullas College of Medicine makes sure that quality education is offered to students. The college aims at offering education that should act as a catalyst for life-changing opportunities for students. The 100 years old Philippines Medical college is well known for its high standard education and Clinical rotation offered in both Private and Government hospitals.

 Campus Location

International Students Unit

UV Gullas college of Medicine

Banilad Campus along Gov. Cuenco Ave., Brgy.

Banilad, Mandaue City, Cebu

Philippines.

 UV Gullas college of medicine Admission office

Indian students who are looking to get admission in UV Gullas College of Medicine can apply through online also visit Authorized Admission office at Chennai Vadapalani.

Dr. Suba Ramesh Director of Admissions of UV Gullas College of Medicine, explains how International Students from 16 nations chose UV Gullas. Says, its proof of choice as UV Gullas has been chosen as THE destination to do Medicine.

They will give sufficient counseling for studying medicine.

They will support students in all ways like admission, enrollment, visa interview, travelling to till the completion of the entire course.

International Students Admission office

Shree Towers, 100 Feet road,

Near ADORE, Vadapalani,

Chennai, Tamil Nadu 600026.

Ct: 9444777890, 9444666890

Mail us at info@uvgullascollegeofmedicine.com

For more visit https://www.uvgullascollegeofmedicine.com

[collegeeducationnewsllcusa]

Saraswat Bank’s pre-approved Education Loan at its lowest ever interest rate – ThePrint

Text size: A- A +

Mumbai (Maharashtra) [India]Jun 7 (ANI / BusinessWire India): Saraswat Bank, India’s largest municipal credit union, is now offering a pre-approved educational loan to help students achieve their educational goals and aspirations.

The Covid-19 pandemic has had a drastic impact on the financial situation of many households. Banks and other financial institutions have played a vital role during this time by reducing their borrowing costs. Saraswat Bank has already lowered its interest rates on various loan products such as home loans, auto loans, real estate loans, gold loans and education loans.

Saraswat Bank offers a pre-approved educational loan at 8.50% pa. In addition, it offers other advantages such as 100% financing of the course fees, a special rate of 8.00% pa for girls, no processing fee, etc.

* Terms and conditions apply

Covid-19 and the frequent lockdowns have had a major impact on the education system. But amid these challenges, the pandemic has also opened up various avenues, including open and distance learning (ODL). This has gained widespread recognition recently for many online courses. As a new feature in their education loan, Saraswat Bank has made arrangements to fund these courses (in India and abroad) as well, thus accepting and supporting the new curriculum.

Another impact of the pandemic is to exacerbate the fluctuations in exchange rates that users experience when doing foreign exchange transactions. A 25% discount on commissions when buying foreign currency or currency transfers, which the bank offers to borrowers, has proven to be a little relief in this scenario.

When deciding on the Saraswat Bank educational loan, various parameters such as a reduced interest rate, flexibility in the loan period through a moratorium, reductions in processing fees and other taxes, special advantages for female students, etc. help to reduce the financial burden on students.

Even in these challenging times, Saraswat Bank can boast commendable growth figures. The bank’s business exceeded Rs. 67,000 crore in 2021 with a net profit of Rs. 270.24 million euros. It also kept its NPAs at a low 1.04%, demonstrating a strong business position.

Saraswat Bank has been named one of the world’s best banks by the prestigious Forbes survey for two years in a row. It also won the “Best Technology Bank” award for the fifth consecutive year at the Indian Banks’ Association (IBA) Technology Awards 2021 in the credit union sector, along with an award for Best IT Risk & Cyber ​​Security Initiatives and second place for Best Digital Financial Inclusion Initiatives.

This story is provided by BusinessWire India. ANI assumes no responsibility for the content of this article. (ANI / BusinessWire India)

This story is automatically generated from a syndicated feed. ThePrint takes no responsibility for their content.

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis and how to fix it

India needs free, fair, un-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There were brutal layoffs and wage cuts. The best of journalism is shrinking and giving way to a crude prime-time spectacle.

ThePrint is made up of the best young reporters, columnists and editors. In order to maintain journalism of this quality, you need smart and thinking people like you to pay for it. Whether you live in India or abroad, you can do it here.

Support our journalism

source https://collegeeducationnewsllc.com/saraswat-banks-pre-approved-education-loan-at-its-lowest-ever-interest-rate-theprint/

[gyandhan]

Founded in 1906, Corporation Bank was one of the major public sector banks in India. In 2020, Corporation Bank merged with the Union Bank of India. All the customers of the bank were transferred to the Union Bank of India and Corporation Bank effectively ceased its independent operations on 01 April 2020. Corporation Bank education loan as an independent product was also closed. If you want to apply to Corporation Bank study loans, you can check the Union Bank of India education loans.

[batexamin]

Union Bank of India Education Loan: Interest Rate & Application Process

Union Bank of India Education Loan

Union Bank of India Education Loan- Student Loan in India

Source Image

Eligibility

Indian citizen Secured admission to the concerned institute in India or abroad through appropriate selection process and cleared the qualifying examination, if any Courses covered in India Graduation / post-graduation / diploma courses from recongnized universities Technical / professional / management courses Courses covered outside India Graduation / post-graduation degrees offered by recongnized universities Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes Diploma courses abroad are not covered  

Quantum Of Loan

For studies in India - maximum upto Rs. 10 Lakhs. The quantum of loan is higher for the institutes covered under Special Education Loan schemes. Please checkthe Special Offers Tab above for further details. For studies outside India- maximum Up to Rs. 20 Lakhs

Margin, I.E. Your Share

For loans upto Rs. 4 Lakhs, no margin is required For loans above Rs. 4 Lakhs, margin is 5% for studies in India and 15% for studies outside India Scholarship / assistantship will be included in the margin

Moratorium Period

The moratorium period is minimum of the following two. Course period + 1 year Course period + 6 months after commencement of job  

Repayment

  Quantum of loan Maximum repayment tenure (after the course & moratorium period) Upto Rs 7.50 Lakh 10 years Above Rs 7.50 Lakh 15 years   Upto Rs.4.00 lakhs - NIL Above Rs.4.00 lakhs For Studies in India - 5% For Studies Abroad - 15%  

Rate Of Interest And Processing Charges

Please click here to know our latest rate of interest If interest is regularly serviced during the course and moratorium period, i.e. prior to the commencement of repayment, then the student is eligible for interest rebate. Please contact the nearest branch for details. No processing charges. Wherever applicable, Valuation / Legal / Stamp Duty / CERSAI / Memorandum registration charges as per actuals

Security

The security required is as mentioned below. Quantum of loan Security Upto Rs 4 Lakh No security is required. Above Rs 4 Lakh & upto Rs 7.50 Lakh Suitable third party guarantee acceptable to the bank to be taken. Above Rs 7.50 Lakh Tangible collateral security of minimum value equivalent to the loan amount and interest accumulation during course & moratorium period, acceptable to the bank. In all the above cases, parent/spouse have to necessarily join in as co-applicant.  

Insurance

  Life insurance of the student is recommended to the tune of the loan amount

Other Conditions

Documents should be executed both by the student and parent / guardian as joint borrower. The loan shall be sanctioned / disbursed from the branch nearest to the place of domicile of the student Loan would be disbursed directly to the institute Loan can be availed during subsequent years of the course Legal and valuation charges have to be borne by the borrowers. If the loan is take-over by other bank/FI, then a charge of 2% on the average loan outstanding for the past 12 months will be levied.

Central Goverment Interest Subsidy Scheme

  The Ministry of HRD has launched Central Government scheme of Interest Subsidy on educational loans for economically weaker sections of the society.  The students who satisfy all the following parameters would be eligible for the interest subsidy.  The student has secured admission to any of the approved courses after Class XII in Technical and Professional streams from recognized institutes in India only and availed educational loan from any of the scheduled banks, including Union Bank of India, to pursue the course.   The student belongs to Economically Weaker Section (EWS) with an annual gross parental / family income from all sources not exceeding Rs 4.50 Lakhs.  The other features of the scheme are as follow : Subsidy for loan amount upto Rs 10 Lakhs (even if loan is more than Rs 10 Lakhs). Student to submit proof of income from the competent authority appointed by the state government. Scheme applicable for disbursements from the academic year 2009 (even if the loan was sanctioned earlier). Subsidy for the course and moratorium period only. Student will be eligible for interest subsidy only once either for the first undergraduate degree course or the post graduate degree / diploma course in India.

Padho Pardesh Scheme

The objective of the Scheme is to award interest subsidy to meritorious students belonging to economically weaker sections of notified minority communities declared as minority communities in terms of section 2 (c) of National Commission for Minorities Act, 1992, on the interest payable during the period of moratorium ( i.e. course period plus one year or six months after getting job whichever is earlier) for Education Loans for Overseas studies to pursue approved courses of studies abroad at Masters , M. Phil and Ph.D. levels only once either for Masters or Ph.D. levels. Important features of the scheme are as under: The Scheme is applicable to students who have availed educational loans from 2013-14 (1st April, 2013) onwards and have a family income up to Rs. 6 lakhs per annum. Subsidy shall not be availableto those students who either discontinued the course mid-stream due to any reason or those who are expelled from the institutions on disciplinary or academic grounds. If a student violates any conditions of the scheme, the subsidy will be discontinued forthwith. The scheme is applicable for higher studies abroad. After the period of moratorium is over, the borrower/s will bear the Principal installments and interest beyond moratorium period. Total income from all sources of the employed candidate or his /her parent’s, guardians in case of unemployed candidate shall not exceed Rs. 6.00 lakh per annum. INCOME CERTIFICATE should be submitted from the competent authority of the State/Union Territory. The students obtaining benefits under this scheme shall not be given interest subsidy if he gives up Indian Citizenship during the tenure of the loan. The Branch to ensure that Students from the minority communities, who may also belongs to SC/ST/OBC category, do not avail interest subsidy from other sources for the same purpose. The eligible students should contact our branches from where they have availed / availing educational loans for further details. ACSISOBCEBC Scheme - Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loan For Overseas Studies For Other Backward Classes (OBCs) & Economically Backward Classes (EBCs)   National Backward Finance & Development Corporation (NBCFDC), Ministry of Social Justice and empowerment, GOI has implemented the scheme of interest subsidy on educational loans for overseas studies for the students belonging to the Other backward classes (OBCs) and Economically backward classes (EBCs). Interest charged during the course and moratorium period is reimbursed by the National Backward Finance & Development Corporation (NBCFDC), Ministry of Social Justice and empowerment, GOI. The scheme is in force from 01/04/2014.   Salient Features Subsidy will be provided for higher studies abroad viz. Masters , M. Phil and Ph.D. levels. Family income for Other backward classes (OBCs) is upto Rs. 3 Lakh. Family income for Economically backward classes (EBCs) is upto Rs. 1 Lakh. Student has to submit income either of ITR, Form 16 or income certificate from competent authority appointed by the state government. Scheme applicable for loans sanctioned from 01.04.2014 onwards. Subsidy for the course and moratorium period only. The eligible students should contact our branches from where they have availed / availing educational loans for further details.

Vidya Lakshmi

  Government of India has launched Vidya Lakshmi portal for providing single window for students to access information and make applications for educational loans. Students can apply education loan through Vidya Lakshmi portal(Click here for Vidya Lakshmi portal)   For further details, please click here   Read the full article