Resettable Fixed Rates- Almost all Fixed Rates availa

By Xinhua Writer Li Kun


TIANJIN Buccaneers Donovan Smith Jersey , Nov. 8 (Xinhua) -- This Monday marked the 203rd birthday Adolphe Sax, the inventor of the saxophone. The Belgian could never have imagined that over a hundred years after his death his invention would become the lifeblood of a small Chinese village.


For more than a decade, Sidangkouzhong Village, in north China's Tianjin Municipality, has been thriving thanks to the instrument-making industry. It has earned the nickname "Saxophone Village" as it produces more than 10,000 saxophones per month.


"Almost every family in my village has someone who knows how to make saxophones Buccaneers Noah Spence Jersey ," said Zhang Guomin, Party chief of Sidangkouzhong.


Invented in 1840, saxophones have a complicated structure which cannot be produced solely by machinery, much of the process must be completed by hand.


According to Zhang, the village now has about 70 instrument factories with a total output value of about 45 million U.S. dollars in 2016.


The boom of the saxophone industry in Sidangkouzhong actually happened slowly over a long time frame, he said.


In 1970s Buccaneers Vernon Hargreaves III Jersey , in order to increase villagers' incomes, a small factory was established to produce instrument components for a larger factory in Tianjin.


After China's reform and opening up drive started in 1978, more factories were set in the village. By the 1990s, almost every family had an instrument workshop, according to Zhang.


In the 2000s the village began to focus specifically on saxophones, due to an increase in worldwide demand. Many small factories were transformed into modern companies and some even attracted foreign investors.


Zhang is involved in a joint venture with an output value of more than 10 million U.S. dollars per year. He said Buccaneers Kendell Beckwith Jersey , like many other villagers, over 95 percent of his products are exported.


Saxophones have not only brought wealth to the village, but also created enthusiasm for studying music.


"Many of our students are very interested in playing the saxophone, so we established a band to train them," said Liu Huanyu, head of the village primary school.


According to Liu Buccaneers Chris Godwin Jersey , young farmers can often be seen playing saxophones in the fields in summer. For them the instrument is a form of entertainment while they work.


Although usually made of brass, saxophones are actually a member in the woodwind family.


"They are more powerful than other woodwind instruments and more adaptable than the brass instruments, which makes them popular all over the world," said Jiang Shengyong, a well-known saxophone player based in Tianjin.


Zhang said the village is also exploring how it can transform and update its instrument manufacturing industry in order to meet the diverse demands of the market.


"Producing high-end and tailer-made saxophones and other instruments is the way forward," he said.

Finance > Insurance > Home InsuranceA Brief Outline on the Home Loans Sector in India

Posted by sharibmirza333 in Finance on July 20th Buccaneers Justin Evans Jersey , 2016


Mr. P.S Sharma had always dreamt of owning his own house in the ultra modern locality of South Delhi. But like most of us, he was unaware of the basics of a Home Loan. He did some research in prevailing situation and came up with some interesting insights.


Undoubtedly, owning a home is the biggest dream of an average family and therefore, it goes beyond monetary consideration. In the current scenario, it has gained huge demand, which in turns has aroused cut throat competition between public and private players.


A Quick look at Home Loan Providers in India


There are 2 types of lenders currently existing in the market-


(1) Banks = Like ICICI Bank Buccaneers O. J. Howard Jersey , State Bank of India, Punjab National Bank and many more.


(2) Housing Finance Companies = Like LIC Housing Finance, Dewan Housing Finance, Dewan Housing Finance and many more.


Different types of Home Loan rates


Fixed Home Loan rates- As the name itself suggests, it remains same or fixed throughout the loan tenure, irrespective of the changing loan market conditions. Such home loans are comparatively more costly and are therefore offered by only some lenders in the financial marketplace.


Resettable Fixed Rates- Almost all Fixed Rates available in the market are of this kind. Under this Buccaneers Carlton Davis Jersey , interest rate is fixed for some period of time, says 2 or 5 years and is then reset again for other 2 or 5 years and so on.


Floating Rate: As the name itself connotes, floating rate is changeable with respect to the rates prevailing in the market. Usually banks are free to decide their own methodology for fixing their base rate. India's apex bank, Reserve Bank of India (RBI) is free to review this at any point of time.


Some lesser known facts


Q.1 Can I sell my house, even if the loan in respect of it is outstanding?


Ans. Yes, by taking the consent of the home loans bank Buccaneers M.J. Stewart Jersey , one can sell the property. For e.g., if you have taken a loan of Rs.5 lakh for the tenure of 10 years and you have paid Rs 4 lakh but now you want to sell your house. In this case either you will pay the full amount or the buyer of your house will pay the remaining balance, provided he is also taking a loan from the same bank for purchasing the above mentioned house.


Q.2 Is it feasible for a single lady to get a loan against her home?


Ans. Yes, it is possible. Few years back, various banks were hesitant to grant home loans to a single woman, fearing a loss in income after her wedding. But no. Jerseys Cheap Jerseys Wholsale Jerseys Wholesale Jerseys Online Soccer Jerseys Cheap Nike NBA Jerseys Free Shipping Baseball Jerseys Cheap Cheap NFL Jerseys Shop Cheap Wholesale NFL Jerseys Wholesale Jerseys