Category Business

Pharma Companies Fund Interpol! Accept Drug Cartel Funding

But the story of Paxil also illustrates the power of somewhat obscure laws that have saved children’s lives by changing the way drugmakers test their products"(http://ramanan50.wordpress.com/2012/03/07/clinical-testing-of-drugs-and-pharma-companies-patents/)

Or let's take the Case of Union Carbide , which caused the death of people in Bhopal Gas Leak Tragedy in India and the CEO was let off and he was not extradited.

They are yet to pay equitable compensation to the maimed.

Or take the case of arbitrary price-fixing and stealing Locally Patented Medicines.

The Corporate Companies are transnational.

If they are involved in Crime like these how do you arrest them?

Do you believe that Interpol would chase them, now that they are funding Interpol?

Tomorrow Columbian Drug Cartel may contribute to Interpol for fighting Drug abuse?

Home EMI Default,Taking Corrective Action

Buying a Home through Home Loans is the norm of the Day.

Days are past when being a Debtor was considered a Sin and attracted social ostracism.

Now if you do not have a Credit card or Loan EMI, you do not belong to the uppity group.

Now that you have availed of Home Loan, it is prudent to know what action to take in case of unforeseen default.

1.Temporary problem in Repayment of EMI.

This might arise due to unexpected loss of job or expenses incurred in the Family due to Death, Illnesses.

In these cases represent the cases to the Lender the details in writing and request them for a minimum break from payment of EMI.

This may not be possible,

However ,depending on your credit rating, the managers may use their discretion in granting you relief.

This also may not be enough.

Make sure , if this request is granted, to stick to accepted schedule of payment.

You may also request them for a reduced EMIs at longer period of repayment.

This may be considered favorably ;this depends on your credit rating, qualifications company you work for or the number of years you have served in a company.

2.Permanent Failure to pay EMI.

You have no other option but to ask the Creditor to realize the mortgage and debit your account the balance if any.

Handling Collection Agents.

Inform th Collection Agent the position and confirm the details in writing to the Creditor.

Do not use abusive language.

In case the Collection Agents behave rudely including use of abusive language, report to the Link provided here below.
RBI is very clear on this.