The India Today Group deserves a pat on the back for bringing out a personal finance magazine that is unique in covering the gamut of finance from the perspective of an individual.The article on credit power and the emerging trend of EMI replacing MRP was excellent ("The Power of EMI", December 14). Many consumer finance companies are already informing the credit bureau about wanting this data on an ongoing basis in the credit reports.The article on ETFs is very informative and useful ("Understanding ETFs", December 14). S. SANTHANAKRISHNAN, Chairman, Credit Information Bureau (India) Limited, Mumbai
Thank you, Mr Santhanakrishnan for your words of encouragement. We will cover various aspects of "life on credit" in forthcoming issues and hope to draw on your support and guidance.
The information being covered in the issues of MONEY TODAY is very useful for readers. The article on temporary additions to one's home was informative ("Add-ons for your Home", December 14). It is of significant interest to me as I want to make use of these add-ons. I live in Chennai, where like in other cities, land and construction costs have become too difficult to manage. I am sure there will be many like me. KRISHNA RAO, Chennai
We are happy that you found the article useful. The story is an example of MONEY TODAY’S attempt to expand the coverage of reat estate into new and utility-cum finance oriented issues.
With increasing salaries across sectors and perception about credit changing rapidly, we have witnessed phenomenal growth in loans off-take but what is of concern is the fact that the consumer at times tends to forget his capability to repay the loans and falls into the debt trap ("The Power of EMI", December 14). So tips provided in your article would certainly be handy. BAL GOVIND, Bareilly
We agree with you, Mr Govind. Depending on how it is used, credit can make one realise the most cherished dreams or worst feared nightmares.
MONEY TODAY has explained the power of credit rather well ("The power of EMI", December 14). Had the modern economy not centred on credit, homes and vehicles would have remained a distant dream for many middle class Indians. Also, credit stimulates growth and industrial activity as well. Please provide a ready reckoner of the rates and benefits of various loan schemes offered by banks. A.K. SAH, Faizabad
Given the huge variation in loan rates and benefits across banks, we may not be able to provide the ready reckoner in the magazine. Watch our website for more information in future.
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