Latest news with #RohitSingh
Hindustan Times
5 days ago
- Business
- Hindustan Times
Delayed project possession and missed EMIs: Here's how it can impact your CIBIL score
Rohit Singh, a 36-year-old mid-level IT professional in Pune, booked a 2-BHK flat in 2021 for ₹78 lakh, expecting possession by August 2023. To fund the purchase, he took a home loan of ₹65 lakh, with an EMI of ₹52,000 per month. However, due to regulatory delays and cash flow issues faced by the developer, the project stalled, and handover was pushed indefinitely. Delayed real estate projects: Any default, regardless of the reason, is recorded in the borrower's credit history and can lead to a significant drop in the credit score. (Photo for representational purposes only)(Pixabay) Singh was forced to continue living in a rented apartment, paying ₹27,000 in monthly rent in addition to the EMI. With no tax benefits from possession and no rental income, the ₹79,000 monthly outgo severely strained his finances. His savings quickly depleted, and he began defaulting on utility bills and pausing SIPs and insurance premiums. Within five months, he delayed two EMI payments, which impacted his credit score and triggered penalty interest from the bank. 'Borrowers facing delayed flat possession are caught between a rock and a hard place as they need to pay EMI as well as in many cases rent for the existing accommodation,' says Abhishek Kumar, a Securities and Exchange Board of India (Sebi)-registered investment advisor (RIA), and founder and chief investment advisor of SahajMoney, a financial planning firm. Impact on borrowers Even if there is a delay in possession, it is recommended that borrowers keep on making the EMI payments on time. Starting from affecting your credit score, not paying your EMIs will land you in all sorts of trouble. Banks will simply check which customer's EMI has bounced. They are not obligated nor do they have the systems in place to check why it bounced. 'So, yes, if you miss an EMI because your house hasn't been delivered yet and you're stuck paying both rent and loan, your CIBIL score will still take a hit,' says Siddarth Jain, CFO at MinEmi, a web application that utilizes AI to help users optimize their loan and credit card choices. Also Read: Has your real estate developer delayed possession of your flat? Here's how homebuyers can manage the EMI and rent burden At present, there is limited formal relief available for borrowers in such situations. Lenders generally assess defaults on a case-by-case basis, and any relaxation or restructuring is at their discretion. 'Credit bureaus rely solely on the data provided by lenders; they do not investigate the reasons behind defaults. As a result, even if the default is due to a delay in possession, it is recorded as a missed payment unless the lender intervenes,' says Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution, a loan distribution company. Any default, regardless of the reason, is recorded in the borrower's credit history and can lead to a significant drop in the credit score. This, in turn, reduces the borrower's chances of getting future loans or may result in higher interest rates. Also Read: Section 54: Can a wife claim tax exemption by selling flats gifted by her husband and reinvesting in a new property? 'Rebuilding a damaged credit score is a slow process and may take years of consistent repayment and financial discipline to recover,' says Kapoor. What can you do to minimise the impact If you're stuck with delayed possession, ask your bank if they offer a pre-EMI option. Under this structure, you only pay the interest portion of your loan until you actually get possession. 'This significantly lowers your monthly outgo for a while. It's similar to how an education loan works, interest accumulates while you study, and full repayment begins once you graduate. For homebuyers, this can ease the pressure during the construction phase,' says Adhil Shetty, CEO, a fintech portal. Lenders are often open to negotiations. If you explain your situation, say, construction is delayed and you're struggling to manage rent and EMI, they might offer a moratorium. 'For example, they could allow you to defer payments for six months, with the accumulated interest added later. It's not free money, but it gives you breathing space. Many borrowers are unaware that such arrangements are possible if they simply ask,' says Shetty. Anagh Pal is a personal finance expert who writes on real estate, tax, insurance, mutual funds and other topics If you're stuck with delayed possession, ask your bank if they offer a pre-EMI option. Under this structure, you only pay the interest portion of your loan until you actually get possession(HT Graphics) Early and transparent communication with the lender is thus crucial to negotiate suitable terms. Of course, one needs to remember that under these options you may get a temporary relief but the total cost of the loan increases.
Express Tribune
7 days ago
- General
- Express Tribune
From mantras to meditation apps
Spirituality is no longer considered only for the old. Photo: DW Rohit Singh was born into a Hindu family, but he doesn't identify as religious. The 24-year-old does, however, occasionally go to the local temple as well as gurudwara, a place of worship and assembly in Sikhism. Singh also believes in astrology, and this month joined his cousins on the Kanwar Yatra, an annual pilgrimage of devotees of Lord Shiva, one of the three major Hindu deities revered in India. "I am not religious, I am spiritual," he told DW. "I don't go to the temple as frequently as my parents, I go sometimes for the calm and peaceful vibe. I started going when I was unable to find a job and my mental health was at its worst." The resident of Gurugram, a tech and finance hub just outside the capital, New Delhi, still hasn't found a job. But he says his spirituality has helped his mental health. "A lot of my friends are like me. We just want some solace," he says. Interest in religion is declining worldwide. A study by Pew Research Center showed that religious affiliation fell globally by 1 per cent in the decade spanning 2010 to 2020. In the same period, the percentage of people who showed no religious affiliation grew from 23 to 24.2 per cent. But in India, it's a different story. Spirituality to cope In the same Pew study, the global population of Hindus — 95 per cent of whom live in India, where they form 80 per cent of the population — held steady, whereas the number of Muslims, who represent more than 14 per cent of Indians, grew. Unlike many around the world, India's youth, which makes up 65 per cent of its population, seem to be reconnecting with religion and spirituality. But they are doing it in their own way. A YouGov-Mint survey showed 53 per cent of India's Gen Z — which refers to people born roughly between 1997 and 2012 — believe religion is important and 62 per cent of them pray regularly. An MTV Youth Study in 2021 found that 62 per cent of India's Gen Z believe spirituality helps them gain clarity. Almost 70 per cent said they felt more confident after prayer. "Gen Z has a lot of different vocabulary that they can lean on to explain what they are feeling, which is different from previous generations," counselling psychologist Manavi Khurana told DW. "Terms like healing, grounding, getting in touch with the self. Spirituality, religion, wellness and well-being all get mixed up, though they have intersections as well," Khurana added. She is the founder of the mental health organization Karma Care in Delhi, which has a mix of Millennial (people who were born roughly between 1981 and 1996) and Gen Z clients. "There's also a lot of people connecting to Hinduism given the current political climate," Khurana said. "A lot of people find solace in religion. If they have absolutely lost hope, they find religion or some mantras or beliefs that help them find that hope. They may not have a lot of other support systems at this time," she explained. "If spirituality leads to extremism, it's not the best scenario. But if someone uses it as a way to get in touch with themselves and as a coping mechanism, it is very important," Khurana said. Young Indians don't seem to be shying away from religion — they are reinventing and customising it. Fewer rituals Surya, 27, is a solo traveller and influencer with more than 290,000 followers on Instagram. Many of her trips are spiritually inclined. Surya has travelled to a number of major Hindu pilgrimage sites and festivals, including the Kumbh Mela in Prayagraj this year, Kedarnath and the Haridwar Kumbh in 2021. She says while social media platforms and influencers have made religion more accessible to younger generations, there's more to it than that. "Spirituality is no longer seen as 'boring' or only for the old. It's becoming a way to find peace in a chaotic modern life," she told DW. "Today's youth aren't following blindly. They're asking why, exploring how, and embracing what resonates personally. Instead of attending temples because they 'have to,' they may visit Varanasi, Rishikesh, or Isha (Foundation) to feel something real," she added. During an address to the parliament this year, India's Prime Minister Narendra Modi said that the youth are "embracing their traditions, faith, and beliefs with pride, reflecting a strong connection to India's cultural heritage." He was speaking before the Maha Kumbh Mela, which was held from January to February this year and saw thousands of younger attendees. Modi's right-wing, Hindu nationalist government has pumped funds into developing and promoting important religious sites such as Ayodhya. The states of Uttar Pradesh and Maharashtra have also announced plans to revamp sites of religious, historical and mythological significance. Spiritual content on social media With social media playing such an important role in young people's interest in and engagement with spirituality, some critics say these public platforms make the experience less authentic or performative. Psychologist Khurana says that while there may be an element of truth to this, that does not make the youth's relationship with religion or spirituality inauthentic. "Just because a lot of Gen Z communicate via Instagram or the internet and that is their way of community, we can't totally write it off as performative," she said, pointing out that young people have been "brought up around phones and raised by technology." Yoga, meditation, astrology and even spiritual leaders and speakers using relatable language all appeal to the country's youth. According to a 2023 survey by OMTV, a spiritual storytelling app, 80 per cent of Indians aged 18 to 30 engage with spiritual or religious content online. "Gen Z's world is noisier and faster than any before. So, their entry points to spirituality look different. They may not read entire scriptures, but they'll listen to a 60-sec clip of Gita wisdom. They might not sit in a temple for hours, but they'll do a 10-minute guided meditation at night. That doesn't make it less real, just modern," Surya said.
DW
31-07-2025
- General
- DW
How India's Gen Z is redefining spirituality – DW – 07/31/2025
Young people in India have a huge interest in spirituality and religion, but they are doing it differently than older generations. For many Gen Zers, it is a personalized experience rather than a ritualistic compulsion. Rohit Singh was born into a Hindu family, but he doesn't identify as religious. The 24-year-old does, however, occasionally go to the local temple as well as gurudwara, a place of worship and assembly in Sikhism. Singh also believes in astrology, and this month joined his cousins on the Kanwar Yatra, an annual pilgrimage of devotees of Lord Shiva, one of the three major Hindu deities revered in India. "I am not religious, I am spiritual," he told DW. "I don't go to the temple as frequently as my parents, I go sometimes for the calm and peaceful vibe. I started going when I was unable to find a job and my mental health was at its worst." The resident of Gurugram, a tech and finance hub just outside the capital, New Delhi, still hasn't found a job. But he says his spirituality has helped his mental health. "A lot of my friends are like me. We just want some solace," he says. Interest in religion is declining worldwide. A study by Pew Research Center showed that religious affiliation fell globally by 1% in the decade spanning 2010 to 2020. In the same period, the percentage of people who showed no religious affiliation grew from 23% to 24.2%. But in India, it's a different story. In the same Pew study, the global population of Hindus — 95% of whom live in India, where they form 80% of the population — held steady, whereas the number of Muslims, who represent more than 14% of Indians, grew. Unlike many around the world, India's youth, which makes up 65% of its population, seem to be reconnecting with religion and spirituality. But they are doing it in their own way. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video A YouGov-Mint survey showed 53% of India's Gen Z — which refers to people born roughly between 1997 and 2012 — believe religion is important and 62% of them pray regularly. An MTV Youth Study in 2021 found that 62 % of India's Gen Z believe spirituality helps them gain clarity. Almost 70% said they felt more confident after prayer. "Gen Z has a lot of different vocabulary that they can lean on to explain what they are feeling, which is different from previous generations," counselling psychologist Manavi Khurana told DW. "Terms like healing, grounding, getting in touch with the self. Spirituality, religion, wellness and well-being all get mixed up, though they have intersections as well," Khurana added. She is the founder of the mental health organization Karma Care in Delhi, which has a mix of Millennial (people who were born roughly between 1981 and 1996) and Gen Z clients. "There's also a lot of people connecting to Hinduism given the current political climate," Khurana said. "A lot of people find solace in religion. If they have absolutely lost hope, they find religion or some mantras or beliefs that help them find that hope. They may not have a lot of other support systems at this time," she explained. But whether religion is helpful in each case is "always a 'yes and no' answer," Khurana said. "If spirituality leads to extremism, it's not the best scenario. But if someone uses it as a way to get in touch with themselves and as a coping mechanism, it is very important," she said. Young Indians don't seem to be shying away from religion — they are reinventing and customizing it. Surya, 27, is a solo traveler and influencer with more than 290,000 followers on Instagram. Many of her trips are spiritually inclined. Surya has traveled to a number of major Hindu pilgrimage sites and festivals, including the Kumbh Mela in Prayagraj this year, Kedarnath and the Haridwar Kumbh in 2021. She says while social media platforms and influencers have made religion more accessible to younger generations, there's more to it than that. "Spirituality is no longer seen as 'boring' or only for the old. It's becoming a way to find peace in a chaotic modern life," she told DW. "Today's youth aren't following blindly. They're asking why, exploring how, and embracing what resonates personally. Instead of attending temples because they 'have to,' they may visit Varanasi, Rishikesh, or Isha (Foundation) to feel something real," she added. During an address to the parliament this year, India's Prime Minister Narendra Modi said that the youth are "embracing their traditions, faith, and beliefs with pride, reflecting a strong connection to India's cultural heritage." He was speaking before the Maha Kumbh Mela, which was held from January to February this year and saw thousands of younger attendees. Modi's right-wing, Hindu nationalist government has pumped funds into developing and promoting important religious sites such as Ayodhya. The states of Uttar Pradesh and Maharashtra have also announced plans to revamp sites of religious, historical and mythological significance. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video With social media playing such an important role in young people's interest in and engagement with spirituality, some critics say these public platforms make the experience less authentic or performative. Psychologist Khurana says that while there may be an element of truth to this, that does not make the youth's relationship with religion or spirituality inauthentic. "Just because a lot of Gen Z communicate via Instagram or the internet and that is their way of community, we can't totally write it off as performative," she said, pointing out that young people have been "brought up around phones and raised by technology." Yoga, meditation, astrology and even spiritual leaders and speakers using relatable language all appeal to the country's youth. According to a 2023 survey by OMTV, a spiritual storytelling app, 80% of Indians aged 18 to 30 engage with spiritual or religious content online. "Gen Z's world is noisier and faster than any before. So, their entry points to spirituality look different. They may not read entire scriptures, but they'll listen to a 60-sec clip of Gita wisdom. They might not sit in a temple for hours, but they'll do a 10-minute guided meditation at night. That doesn't make it less real, just modern," Surya said.
The Print
13-07-2025
- The Print
Man commits suicide at Delhi's Sangam Vihar, family cites domestic distress: Police
According to the deceased's family members, including his father, mother and brother, Singh had quarrelled with his wife three days ago, after which the woman left the house along with their two children and went to her parental home. The body of Rohit Singh was found hanging at his home after police received a PCR call regarding the development, he said. New Delhi, Jul 12 (PTI) A 25-year-old carpenter allegedly died by suicide at his residence in south Delhi's Sangam Vihar area after his wife left him, a police officer said on Saturday. 'Family members informed that since the quarrel, Singh was visibly disturbed and in a state of depression,' the officer said. Officials said after receiving the PCR call, a team from the Sangam Vihar police station reached the spot. 'On reaching the location, one Rohit Singh, a resident of Sangam Vihar, was found hanging. He worked as a carpenter. His body was shifted to the AIIMS mortuary for preservation,' the senior police officer said. A preliminary investigation suggests that it is a case of suicide. There were no external injuries or signs of foul play, the officials added. Based on the enquiry conducted so far, it appears that the deceased was under mental stress due to marital issues, which may have driven him to take the extreme step, police said. No complaint has been received from the family so far and no foul play is suspected at this stage. Inquest proceedings under section 174 of the CrPC have been initiated, the officer added. Further investigation is underway. PTI SSJ RC This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Hindu
08-07-2025
- Health
- The Hindu
Experts call for inclusion of Chronic Kidney Disease in national NCD programme
Hyderabad-based dialysis care network, NephroPlus, has urged policymakers to include Chronic Kidney Disease (CKD) screening in India's flagship National Programme for Prevention and Control of Non-Communicable Diseases (NP-NCD), as it released a white paper highlighting the rising burden of CKD across India and neighbouring countries. Speaking at a media briefing in Hyderabad on Tuesday, NephroPlus Group CEO Rohit Singh said the findings of the white paper and a large-scale screening initiative make a strong case for integrating CKD testing, particularly serum creatinine and urine albumin-to-creatinine ratio (ACR), into existing government-led screenings for hypertension and diabetes. 'The burden is silent but severe. CKD needs to be part of India's NCD strategy immediately,' he said. The paper is based on data from a kidney health screening campaign conducted in the lead-up to World Kidney Day in March. The campaign spanned 30 locations across India, the Philippines, and Uzbekistan, and covered 12 Indian States. A total of 10,501 persons pledged for kidney health awareness, of whom more than 5,000 underwent free serum creatinine and estimated glomerular filtration rate (eGFR) tests. NephroPlus found that several Indian States reported high prevalence of CKD risk factors. Jharkhand topped the list, followed by Haryana and Uttarakhand, Andhra Pradesh, Bihar, Delhi, Karnataka, Maharashtra, Uttar Pradesh, Telangana, Gujarat and Rajasthan. NephroPlus co-founder Kamal D. Shah stressed the economic and emotional toll of dialysis. 'Dialysis is not just a treatment; it is a lifelong ordeal that drains families physically, emotionally and financially. Our data shows that investing ₹1 in prevention saves ₹10 to ₹15 in future dialysis costs,' he said.
