This South African country is on the verge of collapse with its economy, public health and food facing the worst crisis which one could ever imagine.
Zimbabwe is experiencing a major currency shortage, which has led to hyperinflation and the current inflation rate is a staggering 231 million%.
Sub prime lending, also called ‘B-Paper’, ‘near-prime’ or ‘second chance’ lending, refers to the practice of making loans to borrowers at interest rates above the prevailing market rates because of their low credit status and increased risk due to either a limited credit history, or histories of payment delinquencies, charge-offs or bankruptcies.
In the words of Mark Twain “So far as I am able to judge, nothing has been left undone, either by man or nature, to make India the most extraordinary country that the sun visits on his rounds.
The State of Jammu & Kashmir so far, exempted from the clutches of service tax, will soon have 14 services under the tax net. As per the reports, a flexible service tax law conducive to the State would be enacted, which will come into force within a year.