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What life's like inside Jaypee wish town

What life's like inside Jaypee wish town

Finance
NOIDA: Of the 32,000 flats being built, 6,500 have been handed over and people have moved in. But most are complaining of inadequate infrastructure and are now not sure when things will fall into place. Most have not got their flats, and are at their wits' end with their money stuck. But life is anything but easy for those who got possession at Jaypee's sprawling Wish Town complex on the Noida-Greater Noida Expressway and moved in. Of the 32,000 flats planned, Jaypee handed over some 6,500 apartments and the others are in different stages of completion. Many of the 6,500 who got possession have either moved in or rented their flat out. And those who are now living here are a very worried lot: what happens now? Who takes care of the maintenance? Will the lifts function? Will people ever...
Expedite completion certificate handover, says Greater Noida authority

Expedite completion certificate handover, says Greater Noida authority

Finance
GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) n Friday said it has directed a 10-member team of officials to expedite completion certificates for 28 group housing projects in the city. The aim of the team is to expedite issuance of completion for 13,000 residential units and hand over the units to buyers by Diwali this year. According to GNIDA officials, the team consists of officials from different departments in the Authority and are being led by Janardan, additional CEO, GNIDA. "First we will take up four builder projects of the 28. We expect the report of inspections of these housing units, which total to about 2,600, by next week," said Debashish Panda, CEO, GNIDA, adding, "The remaning 24 projects will be addressed subsequently." The CEO also said th...
If you have student loan debt, you might also need life insurance

If you have student loan debt, you might also need life insurance

Finance
Taking out a life insurance policy as a new college graduate may not be top of mind, but it's worth exploring if you have student loans. Some of that debt can live on, even if you die."That's not something that college-age students and their parents tend to think about," said Betsy Mayotte, director of consumer outreach and compliance for American Student Assistance, a nonprofit focused on higher education financing.Four in 10 student borrowers now owe at least $ 20,000 at graduation, double the share from a decade ago, according to a new report from the Consumer Financial Protection Bureau. Over the same period, the number of those owing at least $ 50,000 has more than tripled, from 5 percent to 16 percent of borrowers.If a relative or friend has co-signed on a student loan for you, and y...
RBI announces new Rs 50 currency note, here's how it looks like

RBI announces new Rs 50 currency note, here's how it looks like

Finance
The Reserve Bank of India (RBI) will soon issue Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Governor Urjit R. Patel, the central bank said in a press release issued today. The new note has a motif of Hampi with Chariot on the reverse, depicting the country's cultural heritage. The base colour of the note is fluorescent blue. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. Dimension of the banknote will be 66 mm x 135 mm. RBI had said in December last year that it would issue new currency notes of Rs 50 and Rs 20. All the Rs 50 banknotes issued by RBI in the earlier series will continue to be legal tender. The image and salient features of 50 denomination banknote in ...
Percentage of college graduates owing $20,000 in student loan debt doubles in 10 years

Percentage of college graduates owing $20,000 in student loan debt doubles in 10 years

Finance
As college costs rise and incomes fail to keep pace, the problem of student loan debt has become exponentially worse.Now, nearly half of student loan borrowers owe at least $ 20,000 when they graduate, double the share a decade ago, according to a recent report by the Consumer Financial Protection Bureau. Meanwhile, the percentage of borrowers who owe $ 50,000 or more has tripled over the same time period.More from College Game Plan:The first steps to repaying your student debtThree ways to avoid the financial death spiral of defaulting on your student loansThis student debt strategy can save you more than $ 18,600Fewer are also paying down their debt within five years, the report said."People are taking on more student debt later in life, and having a tougher time paying it back," CFPB di...