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What is EMI in home loans?

Wednesday, July 27th, 2011

Any loan has to repaid along with interest. In the case of EMI system of repayment, interest for the entire loan tenure is computed and added to the principal amount. Then the sum is divided by the number of months in which the loan has to be repaid. The result is called EMI. This amount has to be repaid regularly. For accounting purpose the interest components of the EMI would be larger in the initial months and gradually go down. The real rate of interest will be much higher than the rate interest advertised by the Financial Institutions as the principal is also being repaid from first month onwards; but the interest is calculated for the whole loan tenure.

Understanding the Luxury Trains in India

Friday, June 18th, 2010

Indian luxury trains promise to offer all that and lots more. What started out as an experiment and a single venture; today there are 6 luxury trains in India that ferry guests across the different destinations in the sub continent with several alternatives that one can choose from. A number of luxury amenities, impeccable services by the staff of the trains, and even different tours to suit your mood and budget – Indian Royal trains have definitely come a long way.

The different luxury trains that function within India have been named below. For the ease of our readers, we have also compiled the destinations that the particular trains travel across. This is what we call understanding the luxury trains in India.

Palace on Wheels
Journey duration: 7 nights and 8 days
Destinations covered: Delhi – Jaipur – Jaisalmer – Jodhpur – Sawai Madhopur – Chittorgarh-Udaipur – Bharatpur – Agra – Delhi

Royal Rajasthan on Wheels
Journey: 7 nights and 8 days
Destinations covered: Delhi – Jodhpur – Udaipur – Chittorgarh – Sawai Madhopur – Jaipur – Khajuraho – Varanasi – Agra

The Golden Chariot
Journey: 7 nights and 8 days
Destinations covered: Bangalore – Kabini – Bandipur – Mysore – Hassan – Hospet – Badami – Goa

Deccan Odyssey
Journey: 7 nights and 8 days
Destinations covered: Mumbai – Sindhudurg – Goa – Kolhapur – Aurangabad – Daulatabad – Chandrapur – Nashik

The Indian Maharaja
Journey: 7 nights and 8 days
Destinations covered: Mumbai – Aurangabad – Udaipur – Sawai Madhopur – Jaipur – Bharatpur – Agra – Fatehpur Sikri – Delhi

Maharajas’ Express
Princely India Tour
Journey: 8 Days / 7 Nights
Destinations covered: Mumbai – Vadodara – Udaipur – Jodhpur – Bikaner – Jaipur – Ranthambore – Agra – Delhi
Royal India Tour
Journey: 7 Days / 6 Nights
Destinations covered: Delhi – Agra – Ranthambore – Jaipur – Bikaner – Jodhpur – Udaipur – Vadodara – Mumbai
Classical India
Journey: 7 Days / 6 Nights
Destinations covered: Delhi – Agra – Gwalior – Khajuraho – Bandhavgarh – Varanasi – Gaya – Kolkata
Celestial India
Journey: 8 Days / 7 Nights
Destinations covered: Kolkata – Gaya – Varanasi – Bandhavgarh – Khajuraho – Agra – Gwalior – Delhi

As has already been mentioned, the luxury trains also offer for more than a single itinerary. With a different name and a different set of destinations, these trains leave no stone unturned in offering to the guests a plethora of choices to pick from. An apt example of this is the Splendor of the South itinerary aboard the Golden Chariot train. Traversing across Kerala and Tamil Nadu, this particular itinerary is fast becoming one of the popular Indian luxury train itineraries. Besides that, the four parallel itineraries of the Maharajas’ Express and the Indian Maharaja itinerary of the Deccan Odyssey are classic examples of multiple tours aboard the luxury trains.

Embark on a luxury train tour to taste a slice of international hospitality, the Indian way!