Avanse Education Loans unveils its ‘Start with Smart’ Fall 2015 Campaign

May 6th, 2015 Posted in Education Loans | No Comments »

Mumbai: Avanse Education Loans (Avanse), a new age education finance company and an affiliate company of DHFL, introduces its advertising campaign – Start with Smart study loans. The campaign continues to reiterate Avanses vision of enabling hassle-free education loans to students aspiring for higher education. The focus is on empowering and educating students and their families about the education loan scenario in India and ensuring a steady roadmap to tackle any challenges along the path.

Non-payment of education loan will impact your credit score

May 6th, 2015 Posted in Education Loans | No Comments »

On accessing his CIBIL TransUnion score and report from CIBIL, Sachin realised that his score was low as he had not paid the EMIs on the education loan he had taken for completing his MBA course. It then struck him that in his aim to own his dream house and save money for it, he had completely neglected paying his education loan, thereby costing him his dream of owning a home in Mumbai.

Like any other loan, it is vital to know that an education loan is a credit facility provided to help one pursue his/her higher education. Like any other form of credit, education loans have to be repaid once one completes his/ her course and gains employment. Also like any other loans and credit cards,...

Eagle Ford economics show promise despite oil prices

May 5th, 2015 Posted in Economic | Comments Off on Eagle Ford economics show promise despite oil prices

The last five months have seen a drastic drop in the rig count for oil and gas development in the US. Oil production has continued to grow, but the increase in month-to-month production has slowed significantly since the swell earlier in 2014. The Eagle Ford Shale, like the other shale plays, has experienced slowing production levels.

Looking at the average IP30 rates for all wells in the Eagle Ford since 2010 shows that overall well production efficiency has been relatively flat, if not trending downward, from 2010 through 2014. The first technical modern Eagle Ford well was drilled in 2008, which spurred the rush to acquire prime acreage in the region and conduct testing to improve...

California’s Major Residential Rate Reform: A Mixed Bag for Solar Economics

May 4th, 2015 Posted in Economic | Comments Off on California’s Major Residential Rate Reform: A Mixed Bag for Solar Economics

This week, California utility regulators issued a long-awaited proposal to reform the complex, multi-tiered rate structures for residential customers of the states big three investor-owned utilities. And as solar advocates expected, it contains some good news and some bad news for the economics of customer-owned net-metered solar PV systems.

At the same time, the proposed decision from the California Public Utilities Commission (PDF) leaves open some big questions on how future rate design decisions will affect solar economics. These pending issues include coming changes to the states net metering policy, and how new time-of-use rates might incentivize customers to alter their energy...

Navients (NAVI) Q1 Earnings Miss, Revenues Disappoint

May 4th, 2015 Posted in Education Loans | Comments Off on Navients (NAVI) Q1 Earnings Miss, Revenues Disappoint

Navient Corporation (NAVI – Analyst Report) reported dismal first-quarter 2015 core earnings of 48 cents per share, missing the Zacks Consensus Estimate of 50 cents. However, the figure compared favorably with core earnings of 33 cents per share reported in the year-ago quarter.

Core earnings excluded impact of the financial results of the consumer banking business for periods prior to the spin-off from Sallie Mae in April 2014, as well as the related restructuring and reorganization expenses. It also excludes the impact of certain other one-time items including unrealized, mark-to-market gains/losses on derivatives, and goodwill and acquired intangible asset amortization and impairment.

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Scott Walker’s Labor Economics

May 4th, 2015 Posted in Economic | Comments Off on Scott Walker’s Labor Economics

The good news is that Scott Walker is looking to advisers to educate him on the issues he will have to address if he wants to be elected President. The bad news is that on the economics of immigration the Wisconsin Governor is listening to Alabama Senator Jeff Sessions.

In a radio interview Monday with Glenn Beck, Mr. Walker said “the next President and the next Congress need to make decisions about a legal immigration system that’s based on, first and foremost, on protecting American workers and American wages.” He went…

This is how to spur economic growth: Stiglitz

May 3rd, 2015 Posted in Economic | Comments Off on This is how to spur economic growth: Stiglitz

Trickle down economics isnt working, so the US should reform the tax structure and offer more effective incentives to companies that create jobs for Americans, Nobel-winning economist Joseph Stiglitz said Wednesday.

Right now we have some perverted incentives, the way our tax structure actually encourages people to invest abroad, the Columbia University professor said on CNBCs Squawk Box. If youre investing in America, yes you should get lower rates.

The key is not only providing incentives for companies that invest in the United States, but creating a big tax differential between those that contribute to US growth and those that do not, Stiglitz said.

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Encouraging education loans: Government plans Rs 1k-cr fund to help banks …

May 2nd, 2015 Posted in Education Loans | Comments Off on Encouraging education loans: Government plans Rs 1k-cr fund to help banks …

Another proposal to set up a similar fund had been making the rounds for two years, but it didnt take off due to lack of clarity on its possible structure.

The proposal to create the fund follows a request from state-owned banks after the government pressurised them to provide education loans even if it is not very lucrative.

The governments stand is that no child should miss out on an opportunity to pursue studies due to lack of financial resources. As on February 20, banks outstanding education loans totalled Rs 63,500 crore, Reserve Bank of India data showed. Banks have witnessed 5-10 per cent of their education loan portfolios turning bad. Most defaults in this space...

Govt will set up fund to guarantee student loans

May 1st, 2015 Posted in Education Loans | Comments Off on Govt will set up fund to guarantee student loans

Both ministries believe that education loans, a priority sector, have been a sticky point for both banks and students. While students complain of reluctant banks, banks talk about the risky nature of such loans. The credit guarantee fund is expected to take care of the banks concern.

Impulsive Penny Stocks – United Overseas (UOVEY),Telstra (TLSYY),JULIUS …

May 1st, 2015 Posted in Cash Management | Comments Off on Impulsive Penny Stocks – United Overseas (UOVEY),Telstra (TLSYY),JULIUS …

United Overseas Bank Ltd (ADR) (OTCMKTS:UOVEY)provides various financial products and services. The company’s Group Retail section offers deposit accounts, home loans, credit/debit cards, vehicle loans, overdraft facilities, investment, insurance, and treasury products for individuals and small enterprises; and investment management, asset management, and estate planning services to high net worth individuals and accredited investors. This section also provides wealth management solutions, financial advisory services, and wealth banking services, as well as structured notes, funds of hedge funds, and insurance plans. Its Group Wholesale section provides current accounts, deposits, lending,...