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Loan rates should mirror unfinished homes higher risk

Advice, Banking, Financial, Governments, Investments, RIA, Taxes, Uncategorized / By /

Rajesh and Seema’s ordeal with a stalled housing project shows how India’s home loan system masks the biggest risk in real estate — that under-construction projects may never be completed. Banks and buyers treat them like ready homes, offering or taking loans at the same rates despite far higher uncertainty. With weak enforcement of RERA safeguards, homebuyers are left exposed. Differential interest rates — lower for completed homes, higher for under-construction ones — would make risks visible, protect buyers, and push the housing finance system toward fairness.

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Notify draft rules making dealer liable for sold vehicle

Advice, Financial, Investments, Mutual Fund, Uncategorized / By /

Have you ever sold a car and signed a blank transfer form — did you know it could stay in your name for months and even end up as a terror tool, just like in the Parliament attack of 2001?
RCs often remain in the seller’s name while vehicles pass through multiple hands. If that car is in an accident, you may still be liable. Worse, it can be misused in crime — even terrorism — while the records still show you as the owner.
Other countries have solved this problem with simple processes. India’s draft rules of 2022 offered a clear solution: dealer authorisation, digital delivery intimation, and deemed ownership during possession. Yet three years later, these reforms remain unnotified.

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Curbing one’s competitive streak can be rewarding

Press, Uncategorized / By /

Evolution through natural selection favours individuals seeking higher rank in social hierarchy as that allows preferential access to mates, food and other resources. This inherent competitive streak has benefitted humankind through the ages as it is responsible for its progress but it also has negative long term impact. This is bought out best by the character Farhan in “3 Idiots” when he says “you feel bad when your friends flunks but feel even worse when he tops” – https://bit.ly/45MJo3E – It can also be seen when people spend lavishly (way beyond their means) on weddings, holidays or other personal expenses in a desperate bid to shore up their ranking in the social hierarchy . Humans are the only beings that are capable of thinking and taking these long term costs into account if only they become conscious of it. Read Harsh’s article in the Business Standard.

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Vigilance Awareness Week 2025 (VAW2025)

Vigilance Awareness Week 2025 is being observed from October 27th to November 2nd, 2025, with the theme:

सतर्कता: हमारी साझा जिम्मेदारी (“Vigilance: Our Shared Responsibility”).

All stakeholders are encouraged to participate in the e-pledge initiative by visiting the CVC portal: https://pledge.cvc.nic.in/.