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Several lakhs of Indians loose their employment became victim for COVID - 19

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The COVID-19 pandemic has taken and continues to take an unprecedented public health and economic toll on our state. Most of the conditions are known all too well: the deaths of thousands of our fellow Indians and illness to Lakhs of others, devastating families and straining the capacity of our hospitals and other health care providers. With more than a million Indian workers having filed for unemployment and state government facing a budget shortfall in the Crores of Money, the impact on the economy is like nothing we’ve seen in our lifetimes. Millions of Indians are without a single earning in this quarantine period. The middle class family is indebted and now in the position not to repay the debt. The Banking sector even in the quarantine period neglects the government guidelines now pressuring their customers to repay the loan. Losing Indians job will force them to get loan in private sector. It is better to be advised to the fellow citizens now to borrow money from the money len...
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Can a Economic offender can escape by surrendering the Indian Citizenship

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Fugitive diamond trader Mehul Choksi has surrendered his Indian passport and renounces his Indian Citizenship by mere surrendering his Indian passport in Indian embassy at Antigua by merely paying Rs.13,500/- as renunciation charges. Antiqua provides citizenship for US$1,00,000/- which is very cheap for economic offenders. Mehul Choksi is the proclaimed offender by the Indian court for the multimillion croe scam in Punjab National Bank (PNB). Antigua leads a new way for the scientific asylum to many economic offenders for the entire world. Antigua and Barbuda has a newly launched citizenship by investment program for investors who can directly acquire citizenship and passport by donation to a charity for a sum of US $ 1,00,000 or through purchase of real estate for US$ 4,00,000. The country joins St.Kitts and Nevis and Dominica where the citizenship program is already up and running. Choksi who obtained citizenship of Antigua by investor scheme has returned the Indian Passport. The qu...
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Government limits debit card fee on bills of Rs. 2,000 at 0.4% for the first quarter of 2018

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The government on Thursday decided to limit the fees that banks receive on debit cards on transactions below Rs. 2,000/- to 0.40 percent which is against the 0.90 percent set by the RBI earlier for the first quarter of 2018. The government notified that it will support the Merchant Discount Rate (MDR) applied on shopkeepers by banks on debit card charges on transactions less than or equal to Rs. 2,000/-. The MDR on such transactions will finally become zero for the merchant and hence, they will become at par with cash transactions. The finance ministry explained lowering of fees for banks which was recommended by a panel looking into reimbursement of MDR. The issue on who will bear the charges on debit card transactions has seen several twists and turns. While the government had announced a complete waiver during demonetization, the RBI had subsequently introduced a system where the charges were lower for low-value transactions and not a complete waive-off. Also, banks have been told...
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How to solve Credit card recovery agents problems

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Creditors can take action to recover their money if you have unpaid debts and this intent is not illegal by itself. However, if the steps taken to recover the debt amount to harassment or cause you trauma, then you have the right to put an end to it. What is harassment by creditors? Sending reminders for their dues, calling you for the purpose of recovering the debt during working hours or even taking court action are technically not illegal. Creditors have the right to recover their money owed. However, if creditors' behavior includes the following actions, it could be seen as harassment, which you have the right to put a stop to: - Contacting you any odd hour of the day, including early morning and late night - Not informing you that your debt has been transferred to a collection agency - Threatening you, either verbally or physically - Not acknowledging it if you deny the debt; persisting with their collection practices - Suggesting or pressuring you to get another loan or sell ...
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