Sunday 30 October 2016

Celebrate Diwali with Excellent Credit Report

Samadhan Kender wishes a very Happy and Prosperous Diwali to all. We wish that Maa Lakshami may always keep your families healthy, wealthy and happy.

Maa Lakshmi will definitely visit your home in case you chose to Celebrate Diwali with Excellent Credit Report. Hundreds of individuals are already enjoying this Diwali with their Cash Wallets oveflowing with Cash - thanks to the Excellent Credit and CIBIL scores.

Moreover, this Diwali, Play Safe and say "No to Fire Crackers" and say "No to Chinese Products" and send "Diwali Greetings to Jawans and Army Personnel". Say "Yes to Swachh Bharat Abhiyan". Avoid some of the ill effects of celebrating Modern Diwali:

  • Excessive Air Pollution 
  • Excessive Noise Pollution
  • Excessive Power Consumption
  • Consumerism (Excess consumption means excessive use of raw material and resources)
  • Corruption in the Guise of Diwali Gifts
In addition to above health hazards and ill impacts on environment, Diwali has also become a source of unending corruption in India. In the olden day people used to exchange sweets among their friends and relatives but now the new trend has set in to please the persons in powers by offering them costly golden gifts to get favors. Even big corporate sector spends millions of dollars on their Diwali Budget as advertising expense to please the bureaucracy and political leaders in power.
How to Celebrate Eco-Friendly Diwali:
Fireworks and Safety Tips:
  • Minors should handle fireworks under Adult Supervision
  • Purchase only legal and good quality fireworks conforming to safety standards
  • Read and Follow the instructions given on packs carefully
  • Always keep water, preferably ready hose pipe and/or sand nearby to meet any eventuality
  • Fireworks be used outdoor in spaces. It will be better if community fireworks are arranged in open grounds for a limited period.
  • Never try to reuse the used fireworks or fireworks that did not go off
  • One firework at one time is the golden rule
  • Do not use Chinese Fireworks as they are very toxic
  • Wear loose and cotton clothes
  • After finishing be responsible to and make arrangements to clear the mess next morning
  • Wash your hands and feet's as firework material can be toxic and cause skin allergies.
Tips for Illumination of Homes with electric illumination
  • Earthen Diya's with mustard oil can be used instead of electric illumination.
  • Electric Illumination is wasteful use of power resources. Save Power for future generation
  • Electric short circuits and heavy loads can cause electric fires in addition to electrocution
  • Be as simple as possible.
  • Never envy you neighbor's that my house should illuminate better than that of my neighbor
Tips for Exchange of Gifts and Sweets
  • Government should come out heavily on acceptance and offer of Gifts to persons in Power for undue favor. The trend is increasing day by day and the big business houses, corporate and individuals who present costly gifts, gold jewelry and even brief cases full of cash to find favors.
  • Exchange of Sweets be also restricted to Dry Fruits, Bakery Items and Fresh Fruits and Juices instead of sweets which are adulterated by artificial colors, artificial khoya and toxic preservatives.
  • New trend of gifting the Fireworks is catching which is adding the existing problem of Diwali which is not eco-friendly in its present shape. We must pledge to stop this practice and there should be a blanket ban of marketing of Fireworks in Gift hampers and packages which tempt ate the ordinary man or woman to try the idea of gifting fireworks in beautifully packed Gift Packages.
Consumerism Depletes Natural Resources:
Have you ever imagined what happens to the packing material used to pack the sweets and gifts exchanged on the eve of Diwali. Lacs of tones of packaging material is manufactured by cutting trees and deforestation leading to environmental imbalances, landslides and Global Warming. I have seen that every year the exchanged gifts get dumped into the store rooms with an idea to re-gift the gifted items. Trend of sending Diwali Card through post or courier is decreasing with due thanks to social media through which crores of Diwali e-greetings are exchanged without  any depletion of natural resources.
Gambling and Bar House should be completely Banned:
Government should make gambling including online gambling and drinking in public places a cognizable offence one week before diwali and a few days after diwali.
Share your views as to how are you celebrating eco friendly Diwali this year. You idea may be well received by the audiences as one idea can change lives. 

Sunday 23 October 2016

Think Before Settlement with Banks

Today I was reading "Chandigarh Tribune" dated 23rd October, 2016 and found one news item on Page 3 reading as under:

"SBoP's One-Time Settlement Scheme a hit among Borrowers" 

The scheme is on from October 1 to November 30. The scheme is reportedly beneficial for small/medium-size borrowers with debt up to Rs.5 Crores as the scheme provides concessions not only in interest but even in principal amount in eligible cases.

Immediately my mind was burdened with the idea if the offerer that is State Bank Of Patiala will also offer clean CIBIL or Credit Reports to the borrowers who avail the OTS facility. Having more than 35 years experience in banking industry I am doubtful if any lending bank will offer "Clean CIBIL Report" to any of its borrowers who avail the OTS Scheme.

In my opinion, if the borrower approaches any lending banker for waiver of principal or interest in respect of defaulted loan accounts then the lending banker may be right in its decision to report the account as "Settled Account" in the CIBIL report of the borrower.  But in the above case when a general OTS scheme is announced by any bank to all its borrowers after due diligence then it implies that such offered borrowers deserve the concessions announced in the OTS scheme and such borrowers need to be treated at par with the farmers getting Loan Waiver of Debts for Farmers without impacting their Credit Score or Credit Rating.

The Government, in consultation with the lending institutions and banks need to formulate policy for the defaulter borrowers clearly differentiating the willful defaulters and the genuine defaulters. While the genuine defaulters may need concessions, under loan waiver schemes of State or Central Governments without impacting their Credit History which got damaged for reasons beyond their control, the willful defaulters do not deserve any sympathy to get general concessions announced under OTS or Loan Waiver schemes.

Are Your opting for OTS or Settlement: 

If you, as a borrower, are negotiating with your banker and financial institution for partial waiver of charges, interest and/or principal amount then you must consider the following points before entering into compromised settlements:
  • Get the clause incorporated that the account will not be reported as "Settled" or "Partially Written Off" in your credit history which may get reflected in your CIBIL, Equifax, Experian or Trans Union Credit Score.
  • Keep it in mind that no Bank or Lending institution in India or elsewhere will grant you credit facility in case your credit report includes such "Settled" or "Written off" accounts and you will have to approach the bank with whom you entered into compromised settlement. 
  • Generally Bank's do not keep the old record for more than 8 years as prescribed under the Banker's Book Evidence Act and therefore they may find it difficult to tell you about the waiver amount enjoyed by you in the past. In the absence of any data the bank will not be able to upgrade your loan account status from "Settled" to "Clear and Closed".
  • Ask for statement of account before settlement and get the unwanted charges, interest and overdue charges reversed and ascertain the correct amount of the outstanding dues. It is always better not to ask for any waiver but get the exorbitant penal interest and charges reversed so that you can come to know the real amount of loan outstanding along with interest at contracted rate.
  • Get your Credit Report analysed from Experts before taking the final decision to enter into OTS or compromised settlement lest you may find yourself trapped in poor credit score debarring you permanently from raising any loan from any bank.
In case of any doubt about your CIBIL Score or Rating you can book appointment with the leading CIBIL Consultant in Northern India.

Thursday 20 October 2016

Pending Bills or Taxes can Lower Credit Score?

Non-Payment of Bills can also Lower Credit Score? 

India is fast moving towards digitalization and transparency. So far your credit score was adversely affected only because of default in payment of bank loans but now the concept is being stretched further to payment of bills, income tax, sales tax and other dues either towards the government or even towards private players. Even default as small as Rs.100 may lower your credit rating in the future.

Pay your electricity and phone bills before Due Date:

By paying the electricity bills before due dates, you not only get heavy discounts but in the times to come it may help you to build your credit history is such a way that you will be the preferred customer in the banks for getting easy loans. In the times to come the defaulters of electricity , phone bills will get uploaded with databases of credit agencies like CIBIL, Experian, Equifax and CRF High Rank and you may even lose access to your existing credit facilities or due to lower credit score your banker may revise your lending rate upwards eating away your margins.
As such keep access to all your bills and never allow these bills to go under default category: Some of the bills and utilities is given below:
  • Electric Bills
  • Landline Phone Bills
  • Mobile Phone Bills
  • Internet Bills
  • Water and Sewerage Bills
  • LPG Gas Bills
  • Other Utility Bills
Pay your Income Tax and other Tax Dues in time:

In case you have not paid your taxes in time or you have not filed your income tax return despite the fact that it is mandatory for you to file the IT return, then the day is not far away when such defaults may find mention in your credit rating or CIBIL report compelling the lending banker to conclude that your financial position can deteriorate in case heavy penalties are imposed by the income tax or other tax authorities. Similar is the case with other taxes like Service Tax, VAT, GST etc.

Recovery Suits may also be part of Credit Report:

Credit Report of any individuals tells us about his or her indebtedness as a principal borrower or as a guarantor but other contingent liabilities of the individual which can substantially affect the credit worthiness of any individual are never reflected. With technology taking the front seat, it may become a reality to know your hidden or contingent liabilities like:
  • You have divorced your wife and court might have burdened you with maintenance allowance to be paid to the divorced wife as such monthly outgo of funds can tell upon your repaying capacity.
  • 3rd party decree against you as judgement debtor can also deteriorate your financial health and in the near future such decrees may be finding mention in your credit rating or credit score.

In nutshell the idea of this post is just to forewarn the audiences that soon all your financial activities find a place in CIBIL or DIBIL.

Saturday 8 October 2016

Keep RC and Driving License in DigiLocker

Happy News !  Happy News !

Now the time has come that your important documents and ID proofs will become as immortal as your soul. Your PAN Card, Aadhaar ID, Voter ID, Passport or even Driving Licenses will remain saved in original in your DigiLocker and your nominated legal heirs will be able to view your ID Proofs even after your death.

Now the Ministry of Transport and CBSE Board has partnered with the DigiLocker in such a way that you can pull or fetch your original CBSE degree/marks sheet, NEET Rank Letter, Driving License and even Registration Certificate of your vehicle directly in your Digi Locker which can be opened on your smartphone through DigiLocker application. You can just show the original driving license kept in Digi Locker to the Traffic Inspector and the Traffic Inspector will not be able to harass you by demanding bribe in return for returning the driving license.

It is a welcome move as this will only reduce administrative expenses but also streamline governance.

Limitations of Online Storage of Documents:

There are many limitations for pulling and fetching original documents from the issuing authorities who have partnered with Digi Locker. Few limitations are discussed below:
  • As Digi Locker is Aadhaar Based application, user has to ensure that the particulars of the driving license, Voter ID, Passport, PAN Card, CBSE Marks sheet, NEET Rank letter exactly match with the particulars fetched by Digi Locker from Aadhaar servers. Name, Father's name, Date of Birth and Address etc need to be checked and verified in such a way that the user has no multiple different identities in digital records.
  • Only those documents will be pulled and fetched in Digi Locker where the issuing authorities have partnered with Digi Locker and there is 100% synchronisation. For example Registrars of Births and Deaths in many state have yet to digitalise their data and partner with DigiLocker where some states and UT's like Haryana have already partnered with Digi Locker. In case of Haryana digilocker owners can fetch their Birth Certificates in their Digi Locker Account.
In my view it will take another 10 years when all the issuing authorities in all the states go digital and partner with Digi Locker to reduce the administrative expense and make Digital India dream come true.

Sunday 2 October 2016

Manufacture Led Bulbs and Save Lite

If you are an electrician or electric Diploma holder then a good opportunity is knocking at your door. Now Samadhan Kender, Near Bikaner Mishtan Bhandar, Rajpura can help you to manufacture LED bulbs at your own home or shop with small investment of Rs.5000 to Rs.10000 for which even banks like State Bank of India do not hesitate to grant you loan under Pradhan Mantri Jan Dhan Yojana.

How Samadhan Kender will Helps:
  • Samadhan Kender will place an order for SaveLite DIY LED Bulb Kit for assembling of LED Bulbs with Government approved CSC.
  • You will get the DIY Kit from CSC directly.
  • You do not require any technical knowledge to handle the KIT.
  • The KIT is easy to assemble.
  • KIT includes:
  1. PBT Body, LED module and all electronic components for a LED Bulb.
  2. Soldering Iron and soldering wire (1 Mt) and Glue.
  3. KIT also comes with a video link which help people to understand the assembly process. The video will make the assembler learn each step involved in assembling a LED Bulb.
  4. Details of the items in the SaveLite KIT for 22 Bulbs.

What are you thinking now? Come to Samadhan Kender to place your online order and start earning from the day one. The DIY KIT is available only through authorised CSC Centers.

Think Before it is too Late - Marriage

Everyday we are listening of divorces within 1-2 years of marriage, the most pious relationship bond, due to one reason or the other. Divorces have big impact on the personality and lives of either sexes and in case divorce take place after birth of child out of wedlock, the child gets deprived off the love and affection of either father or mother. We undertook study of strained relations and there were variety of reasons for divorces due to mismatches. It is, therefore, always better to find suitable match abinitio so that the question of divorce does not arise at all. At Samadhan Kender, we provide "Matrimonial Investigation" before tying the knot. Our complete "Matrimonial Package" bundled with many features like 1) Financial Investigation 2) Social Investigation 3) Astrological Investigation 4) Property Investigation and Many more Attractive features comes at a price of $400 which can be remitted to us through the following link only after submitting the information and proofs for each type of Investigation:

(Amount Can be Changed from $400 to $300 or $500 just by changing the amount in Link above with our prior approval depending upon Discounted or Premium Services)

Astrological Investigation:

Astrological Experts at Samadhan Kender will minutely scrutinize the birth charts or the Bride and Bridegroom and ensure that there is no astrological mismatch which may invite the bad influence of planets resulting into divorce at any stage after the wedlock. Our astrologers also provide the ways and means to keep the bad influence under check through Puja and Religious efforts in case the astrological mismatch is not prominent.

Astrologers at Samadhan Kender are specialists in dealing with "Manglik", "Partially Manglik" and "Non Manglik" kundlies. Our astrological matching is 100% perfect and dependable. While seeking Astrological Investigation, you need to send us the following information about the bride and bridegroom to be:
  • Date of Births of both in format dd/mm/yyyy
  • Place of Births of both with PIN Code
  • Precise Time of Birth in format hh:mm:ss
  • Name of both bride and bridegroom
In Case you do not want to avail the complete "Matrimonial Package" then you can avail any of our individual package for example astrological package at $100 by using the same link as above by changing the figure from 500 to 100. You can visit Samadhan Kender, Near Bikaner Mishtan Kender, Rajpura 140401 Punjab, personally too with prior appointment for outstation clients and walk in for local residents. What are you thinking now? Click below to get astrological matching report:

Property Investigations:

Fraudsters and Cheaters in big metro cities hire good bungalows for temporary periods in posh localities to impress the families of bride or bridegrooms. Unsuspecting parents fall prey to smart people only to repent after marriage. The old saying "All that Glitters is not Gold" comes true when after solemnizing marriages the parents of the bride or bridegroom find that the House or Home shown by the opposite parties was mortgaged with one or more banks and lending institutions. Our experts at Samadhan Kender check the records of the CERSAI to find out any encumbrances on the property - relying on which the parents fix marriages. To know the complete search report you need to provide the complete address of the residential property like House Number, Locality and Exact Location. You can seek the report as a part of the complete "Matrimonial Package". You have the choice to get Property Investigation Report as a separate report for $100 as in the case of Astrological Investigation.

Similarly we conduct Financial Investigations and Social Investigations into personal profiles of bride or bridegrooms or even their parents subject to certain "Terms and Conditions" as a part of complete "Matrimonial Package" or as a separate report for $100 each as in the case of Astrological Investigation.

We have extended our working hours                                Monday to Friday                      9.00 A.M.       to       6.0...