World Bank Loan In Rupees

The BBC reports that the World Bank is considering the first ever proposal for a loan of $3.5 billion to be disbursed and repaid in rupees and not the US dollar. This is being done to ostensibly counter the fluctuating rupee- dollar rate. However, it needs no saying that a continually strengthening rupee and forecasts of a double-digit Indian economic growth make the proposal extremely lucrative for the World Bank.
The Maharashtra state government is seeking a loan worth some $3.5bn but is concerned about the fluctuations in the value of the dollar.
If approved, it would be the first time the World Bank has agreed to a such a loan in rupees.
The idea is that the loan would be sanctioned in dollars, but would be handed over in rupees.
All repayments would be in rupees too.
This would prevent any changes in the amount to be repaid caused by fluctuating exchange rates.




Lawsuit Loans - A Review and Guide






Oddly enough, lawsuits cost mone. Usually lots and lots of money, and for many people it may be difficult, if not impossible to cover the expenses of litigation so you can seeit to its conclusion. As a result, an entire industry has formed around this need, providing litigation fundin to clients who want to keep their lawsuits going. Any Lawsuit is one of the newer loan services offering funding for various types of lawsuits, and is the subject of this review.
A division of Alpine Fundin, AnyLawsuits.com is currently in the process of a redesign, but so far their site has been easy to rea and navigate, complete with a FAQ section that offers more details on how their funding service works. They also accurately explain that “lawsuit loans” aren’t actually loans, but are really cash advances, so the terms of agreementfor this type of funding will be different from what you would expect from a typical bank loan.
Unfortunately, it was hard to garner how good the reputation of this lending company was. The site offers no testimonials from previous clients, and a search inquiry at the Better Business Bureau was unable to turn up any more information. In addition, there was little information as to what the terms of their cash advances might be, other than that you would be required to pay some type of flat fee once you receive a settlement. While this fee is sure to vary from case to case, it would help to give the visitor some general idea of how much he or she might be expected to pay in order to receive litigation funding, and outline what the typical conditions of their contract would be. Such disclosure should go far in establishing trust with current and potentially new clients.
A word to the wise though: litigation funding as a whole is not cheap, and according to financials experts should only be seen as a last recourse. How much you will pay back for such cash advances will depend on the provider, but usually there is either a recurring interest fee you will pay per month, based on the amount of the cash advance, or you will pay a flat fee once the lawsuit is settled. The interest rates can often be high, and since this type of lending is not subject to usury laws, the propensity for abuse is enormous. Say you were to receive $10,000 in funding, with a recurring fee of 10% per month. That’s a $1,000 you’ll pay out of pocket every month until your lawsuit is concluded. And if a lender is particularly shady, you may get hit with all types of unexpected fees while your