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Must Visit For Quest of Nirvana

India is a sacred place for Buddhists even though the country is not primarily a Buddhist country. India has seen the birth of many religions that have later on spread to the other parts of the world and Buddhism is one of them. Why India is tagged as a sacred place for Buddhism is the fact that Gautam Buddha was born in the city of Lumbini which is the part of the current day Nepal and attained enlightenment at a place near Gaya. This place was later on named as Bodhgaya after the enlightenment of Lord Buddha. If you wish to visit the various Buddhist monasteries, book a tour with Care My Trip and get reasonable rates for the same.

India Buddhist Tours include a visit to Lumbini, Bodh Gaya, Sarnath and Kushinagar. These are a must visit places when you wish to know more about Buddhism and its history. Other than the above mentioned places, there are caves, and monasteries all over the country that contain the teachings of Lord Buddha. For example, the Ajanta Caves contain the carvings and paintings that cover the Jataka Tales that are related to Buddhism. Lumbini is the place that is the stepping stone for the quest of salvation. Buddha stayed in his palace for 29 years and that is protected and preserved as a World Heritage place by UNESCO as are the other places of Buddhist interests.

Bodhgaya is also a place of interest for the Buddhist pilgrims. It is situated near Gaya and it is here that Lord Buddha attained enlightenment. It is a must visit place for the devotees of Buddhism. He gained knowledge here in one of the Buddhist monasteries. This place is full of paintings and monasteries that reveal the life and study of Lord Buddha.

Sarnath is the place where Buddha shared his knowledge with his first five disciples and this is of great importance for the people who wish to seek inner peace. You can also find a huge statue of Lord Buddha here and there is also a museum that offers the life style of that period. If you wish the Buddhist monasteries, Care my Trip can do that for you at reasonable prices. You can even select the places among Amaravati, Nalanda, Rajgir, Ladakh, Sanchi, Ajanta Caves and more and go for customized packages. These packages would help you travel at your own pace. There are several pre planned packages as well and you can compare the prices of the same and make bookings through the online method.

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Luxury Resorts In Manali A Reason Why Honeymooners Choose It As Favourite Destination

Most newlyweds in India prefer Manali for honeymoon and the hill station’s biggest attraction is the pleasant weather and the unending spread of rich nature. Manali is surrounded by spectacular snow covered view of Dhauladar and Pir Panjal mountain ranges and the ever flowing River Beas offers a perfect setting for a wonderful honeymoon. The affable weather throughout the year and vivacious local nature deservedly makes Manali one of the favourite honeymoon destinations. Furthermore, Manali’s hospitality welcomes travellers from all walks of life and from all around the world visit this wonderful holiday spot. Thus, one really does not have to search hard for booking the best resort in Manali and for couples who want to indulge in an extravagant honeymoon package there are plenty of luxury resorts in Manali that cater to your requirements.

Here are a few activities that honeymoon couple can engage in Manali…

The local sight-seeing will take away one day of your trip and this is a must-do in Manali; visit the ancient Hidimba temple, Vashisht temple, Manu temple, Arjun Gufa and the Tibetan Monasteries are all at a walkable distance and at the same time couple can enjoy the nature’s glory while walking to these places.
A few places to visit around Manali are: Solang valley, Rohtang Pass, Naggar and Manikaran are worth visiting.
For adventure enthusiastic couples there is skiing, paragliding, river rafting, fishing, ice-skating etc that will make your trip most memorable.
For shopaholics there are fascinating shops and malls that offer a wide range of clothing, jewellery, paintings and local handloom and handicrafts.
Manali honeymoon packages are quite affordable as there are a number of luxury resorts that are accessible and which offer remarkable services to suit budget. Easy access to sightseeing destinations around and pick and drop options to sightseeing makes these luxury resorts the first and the best choice of staying in for the honeymoon couples.

With eternal shopping lines dotted along Manali, delectable Indian food, both north and south Indian cuisines and the friendly people around, your honeymoon stay in Manali will be an exceptional and a memorable experience. The selective features that each of the luxury resorts offer along with the eternal beauty of Manali are sure to give a perfect start for a great life after your marriage.

The list of attractions in and around Manali is unending, and your holiday experience will be exhilarating and complete only if you choose to stay in the best resort in Manali. If you desire to stay in such a place you of course will look for good deal which is offered only at the Himalayan Resort and Spa. The top class accommodation that comes with comforts and luxuries are otherwise part of expensive package from Luxury resorts in Manali. The arrangements at the Himalayan Resort and Spa are par excellent and raved by tourists across the world. If you have made up your mind to visit Manali think of the affordable boutique hotel here.

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3 Questions to Ponder About Total Debt Service Ratio for Borrowers in Singapore

Total Debt Service Ratio (TDSR) became a household term for mortgage borrowers of properties in Singapore. This is a new mortgage framework introduced by the Monetary Authority of Singapore (MAS) to strengthen the crediting practices of financial institutions in Singapore.

Four years after the Global Financial Crisis that almost resulted in a meltdown in the global banking system, Singapore introduced the TDSR framework on 28 June 2013 to regulate all mortgage issued by financial institutions in Singapore. A weak banking system allows mortgage borrowers easy access to borrowing. Often, borrowers tend to borrow beyond their means and things will spiral beyond control when property prices continue to rise surpassing previous peak. This is because when property prices start to drop, a potential crisis awaits.

TDSR is conceived as a pre-emptive move by the Singapore government to put a stamp on the rising property prices at that time by tackling the root of this problem; easy access to cheap money due to a low interest rate environment. For the man on the street, this is an unpopular move but fast forward to present, the measure has achieved its intended purpose.

Local financial institutions in Singapore are among the strongest financial institutions in the global arena and this is backed by the strongest ratings from international ratings agencies such as Moody’s, Standard and Poor’s, and Fitch.

Although stricter loan regulation due to TDSR means that financial institutions have to turn away borrowers that cannot meet the minimum requirement, these financial institutions take the opportunity to expand their business to regional countries such as Malaysia, Indonesia, Thailand and diversify their business portfolio. More importantly, the country has managed to keep the runaway property prices under control and instil a more responsible mindset in borrowers.

In the last twelve months, there were repeated calls by property developers to the government to remove measures that stymie the demand for property. TDSR is often look upon as the primary tool that reduces the number of mortgage approved by financial institution and this has resulted in lesser demand for property. However, the government has responded that this is not the right time to remove the TDSR yet. As TDSR looks to stay on for sometime, let’s take a look at 3 things whether TDSR really affects you:

1) Does TDSR affects everyone?

Buyers of properties who do not apply mortgage are not affected by TDSR. Moreover, only financial institutions regulated by MAS need to abide to the TDSR framework. Hence, borrowers can consider taking mortgage from foreign or offshore banks.

2) How do I increase the amount that I can borrow?

TDSR looks at the proportion of your monthly debt obligation compared to your monthly income. For employed borrowers, you can consider including other liquid financial assets (i.e. Singapore dollar and coins, including deposits), and a specified list of other assets, namely collective investment schemes, business trusts, debentures or stocks, structured deposits, foreign currency notes and coins (including deposits) and gold, which have a secondary market or reasonable basis for valuation and to the extent that the asset is unencumbered.

3) Are there any exemptions to TDSR?

TDSR is exempted if the loan is for an owner- occupied property and where:

(I) the option to purchase (OTP) the residential property was granted prior to 29 June 2013;

(ii) the residential property is the only property owned by the borrower (either by himself or jointly);

(iii) the borrower is one of the occupiers of the residential property;

(iv) the borrower does not have any outstanding loan for the purchase of any other property or the re-financing of such a loan, apart from the residential property being re-financed; and

(v) the borrower does not have any outstanding loan (either in his own name or jointly with another borrower) otherwise secured on any property, including the residential property being re-financed, or the re-financing of such a loan.

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