Loan is basically an investment for the financer. Consider yourself to the financer for the time being. You invest 10000 rupees. You will receive the returns in monthly instalments. Say 1000 per month for 11 months. Now have a look at the cash flow You will find the IRR function in any standard spreadsheet. Now, say as a financer you get 1000 as upfront discount Read More ...
Some things cannot be explained in words. At least at this moment, I’m falling short of words. Words to explain the magical echo effect inside India’s oldest surviving rock cut caves. Imagine a few monks chanting mantras inside a hall where the echo returns after about 2-3 seconds. After finishing one chant, when the second one is started, the echo of the previous chant reaches your ears, and this echo Read More ...
Interest free EMI is a major trap in the retail industry today. While it is dominant in Electronics and gadgets, Tractors, Automobiles and Equipments are also not very far. People working in loan segments in NBFCs and Banks will know pretty well about it. The question is why on earth will anyone lend you money without earning any interest, unless of course he/she is personally related to you. And that Read More ...
It had started in Aug 2010. A Govt. firm released an invitation to bid for supply of a type of mechanical/hydraulic equipment which my company manufactures. By the time we finished with the inspection, it was already June 2011. The whole experience of the tender, has given me loads of experience, the excerpts of which, I feel will benefit many first timers. Keep an eye on the newspaper for the Read More ...
Chadar Trek is arguably one of the wildest trek in the world. Walking on ice is an ultimate experience for an adventure lover. Etymology Chadar means layer. Chadar in Chadar Trek refers to the layer of ice formed over Zangskar river during extreme winter. History Chadar Trek route since ages has been the only way in and out of Zangskar valley during winter when all other ways remain blocked due Read More ...
