Bank To Cut Home Loans

Public sector banks on Monday announced that home loans up to Rs 5 lakh (Rs 500,000) would be given at a maximum interest rate of 8.5 per cent, while those between Rs 5 lakh and Rs 20 lakh (Rs 500,000 and Rs 2 million) would be offered at 9.25 per cent.
Besides, the banks would not charge any processing fees and pre-payment charges for loans up to Rs 20 lakh, and would also provide free insurance cover, the Indian Banks Association said.
The package looks at reviving the demand in the housing industry.
· Interest rates not to exceed 8.5% for loans up to Rs 5 lakh
· Interest rates for loans between Rs 5 lakh and 20 lakh to be 9.25%.
· No processing fee or pre-payment charges, free insurance cover for loans up to Rs 20 lakh.
· PSU banks announce one percentage point cut in loans for micro, small and medium enterprises (MSMEs).

Indians --Your Right To NO Vote

Section 49–O of the Constitution Did you know that there is a system in our constitution, as per the 1969 act, in section "49–O" that a person can go to the polling booth, confirm his identity, get his finger marked and convey the presiding election officer that he doesn't want to vote anyone! Yes such a feature is available, but obviously these seemingly notorious leaders have never disclosed it. This is called "49–O". Why should you go and say "I VOTE NOBODY"... because, in a ward, if a candidate wins, say by 123 votes, and that particular ward has received "49–O" votes more than 123, then that polling will be canceled and will have to be re–polled. Not only that, but the candidature of the contestants will be removed and they cannot contest the re–polling, since people had already expressed their decision on them. This would bring fear into parties and hence look for genuine candidates for their parties for election. This would change the way; of our whole political system... it is seemingly surprising why the election commission has not revealed such a feature to the public.... Please spread this news to as many as you know...Seems to be a wonderful weapon against corrupt parties in India... show your power, expressing your desire not to vote for anybody, is even more powerful than voting... so don't miss your chance. So either vote, or vote not to vote (vote 49–O) and pass this info on... "Please forward this mail to as many as possible, so that we, the people of India, can really use this power to save our nation". Use your voting right for a better INDIA.