Business News
Why You Must Not Opt For a Credit Card Advance?
Let’s say you have an urgent cash requirement. A card swipe, a cheque or a balance transfer won’t do; only hard cash will suffice the purpose. Unfortunately, though, you do not have enough cash. Your debit card doesn’t have the requisite funds and the nature of the emergency is such that you do not have enough time to borrow a Personal Loan. So what do you do then? “Oh wait! I do have a Credit Card in my wallet! I can always withdraw cash from it, right? Problem solved!” is the riposte most of you may come up with. But hang on a second! Despite how easy and convenient as it sounds, a Credit Card cash withdrawal may not be such a good idea. To spell it out more clearly, it would do more harm than good for you. Wait, what? Yes! You read that right! Read on to find out just why.
No interest-free grace period
Your Credit Card bills get generated on a fixed date every month. Let’s say if the date were the 5th of every month, then the bill for all your transactions from 5th of July to the 4th of August would be raised on the 5th August (the billing date). You are not liable to pay any amount in the form of interest for Credit Card purchases and bill payments before they are billed. Besides this, you usually get a 21 to 25 day interest-free grace period which commences from the billing date. Any amount you repay during this period becomes interest-free. So in effect, you get to enjoy a 25 to 50 day interest-free period from the day you make a transaction from your SBI Credit Card or other Credit Card.
This, however, does not apply to cash withdrawals. A Credit Card cash advance denies you the privilege of enjoying an interest-free period. Moreover, the interest on the borrowed amount gets accrued right from the day you make the withdrawal and not from the billing date. And considering that Credit Card interest rates are about 2.5% per month, you would probably pay interest at the rate of 5% or above in that 25-50 day period which would have otherwise been interest-free.
You could, however, expect some sort of relief if you own a low interest bearing Credit Card. You could apply for Credit Cards Online in India on www.mymoneymantra.com, India’s leading online financial service provider and the premier destination for ‘low interest, high limit’ Credit Cards. Their team of professional selects only the Top Credit Cards for you to ensure that you enjoy maximum credit facility at minimum interest rates.
Higher interest rate
Not many people know this, but a Credit Card cash advance bears a higher interest rate than other Credit Card transactions. The interest rate on cash withdrawals may vary from 24% to 48% depending upon the card issuer. In contrast, all other Credit Card transactions carry an interest rate of 12% to 36%. The difference is about 1% per month; a considerable amount by any standards. So not only do you pay interest for a longer time, but you also pay it a higher rate. Needless to say, the affordability of the transaction takes a serious hit!
Hefty transaction fees
If the absence of an interest-free duration of time and a higher interest rate didn’t do enough to convince you of the impracticality and unaffordable nature of a Credit Card cash advance, here’s something more. A Credit card cash advance imposes a hefty transaction fee on you. The transaction fee is usually 2.5% of the amount withdrawn but some card issuers may charge 3% too. This one-time payment is over and above the interest charged on the withdrawal.
If you were to combine the exorbitant interest rate and the transaction fees, you’d have to repay 8-10% more than the amount you borrowed if you were to make the repayment within 2 months from the transaction date. And that is about as much as a Fixed Deposit would pay you in a year. Just saying!
It may hurt your credit score
Let’s just keep the financial viability of this practice aside for a moment. Credit Card cash advances cause more problems than just that. You’d usually take a cash advance as a last resort. And the fact that you ‘had’ to use it, which implies a paucity of funds and a lack of low-interest alternatives, sends out bad signals to your lenders. Utilising your credit limit to its maximum is also not viewed in great light. These factors may decrease your creditworthiness and hence your credit score.
Alternatives for cash advances
Before you walk down to the nearest ATM to take a cash advance on your card, take some time out to consider other alternatives. See if you can borrow a Personal Loan. If you have some unused furniture or other such spare items, sell them off. Ask your friends and family members if they could help.
If your car breaks down and the mechanic won’t accept card payment, or if there’s some sort of a medical emergency and you have not carried your debit card along; a cash advance becomes more of a compulsion than an option. Such situations aside, you are better off staying as far away from a cash advance as you possibly can!
Also Read: 5 Best Credit Cards for Salaried Individuals in India
To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 60+ Banks and NBFCs. We have served 2 million+ happy customers since 1989.
Talk to our Loan Specialists toll-free at 1800 103 4004 to know more about our products and offers.
Business News
Oil and Gas Engineering: Sectors and Skills in Demand
Oil and gas engineering remains a vital component of the global energy industry, driving the exploration, extraction, and refinement of hydrocarbons that power economies worldwide. As the industry evolves, driven by technological advancements, environmental regulations, and shifting energy markets, the demand for specific sectors and skills within oil and gas engineering is also changing. This article delves into the key sectors of oil and gas engineering and the skills currently in demand.
Key Sectors in Oil and Gas Engineering
- Upstream Sector (Exploration and Production)
The upstream sector focuses on the exploration and extraction of crude oil and natural gas. This includes geological surveying, drilling, and production operations. Engineers in this sector are involved in discovering new reserves, designing extraction methods, and improving the efficiency of production processes. Key roles include drilling engineers, reservoir engineers, and petroleum geologists. Upstream engineering is often characterized by the challenges of working in remote and harsh environments, whether it be deep-sea drilling or operations in arid deserts.
- Midstream Sector (Transportation and Storage)
Once oil and gas are extracted, they need to be transported and stored before refining. The midstream sector deals with the logistics of moving crude oil, natural gas, and refined products through pipelines, tankers, and storage facilities. Engineers in this sector are responsible for ensuring the safe and efficient transport of hydrocarbons, often over long distances. Pipeline engineers, logistics coordinators, and infrastructure maintenance professionals play key roles in midstream operations. As global demand for energy continues to grow, so too does the need for resilient and innovative transportation networks.
- Offshore Engineering
Offshore engineering is a specialized subset of oil and gas engineering that deals with exploration and production in offshore environments, including deepwater and ultra-deepwater drilling. Engineers in this field must navigate challenges like extreme weather conditions, environmental regulations, and complex logistical operations. Subsea engineers, marine engineers, and structural engineers are essential for the construction, maintenance, and operation of offshore oil rigs and platforms. The offshore sector continues to be a major source of oil and gas, particularly in regions like the Gulf of Mexico, the North Sea, and offshore Brazil.
Skills in Demand
- Technical Engineering Skills
The backbone of oil and gas engineering is technical expertise. Engineers need a strong understanding of disciplines like fluid dynamics, thermodynamics, materials science, and structural mechanics. Specific technical skills such as proficiency in reservoir modeling software (e.g., Petrel), hydraulic fracturing technology, or pipeline integrity management systems are highly sought after. Automation and digitalization are also changing the landscape, making skills in data analytics, artificial intelligence (AI), and robotics increasingly valuable. You can find oil and gas engineering jobs on specialist jobs boards.
- Health, Safety, and Environmental (HSE) Expertise
With growing scrutiny over the environmental impact of oil and gas operations, companies are emphasizing the importance of HSE standards. Engineers who specialize in environmental compliance, sustainability practices, and risk management are in high demand. Skills related to emission control, waste management, and water treatment have become crucial as companies strive to reduce their carbon footprint.
- Project Management and Leadership
Oil and gas projects are often massive in scope, requiring careful planning, coordination, and execution. Project managers and engineers with leadership capabilities are essential for overseeing complex operations that involve multiple teams, strict deadlines, and tight budgets. Skills in project management software, cost control, and stakeholder engagement are particularly valuable in large-scale engineering projects.
Business News
Uber Alternatives: 10 Ride-Sharing & Similar Applications
With online cab booking services becoming an integral part of our lives, Uber Alternatives has introduced the service that has dominated the market since its introduction. With vast cab services and taxes being made in cities and countries worldwide, Uber has ranked in the cab market with one of the largest services.
Although Uber has been rated as one of the largest cab booking services, it lacks some of its features like Uber Driver, Surge Pricing, automated system, and a couple of others. Hence, for your convenience, in this article, we have mentioned the 10 alternatives of Uber that can help you choose the best cab services.
What is Uber Alternatives ?
Uber Technologies, is a multinational transportation company that is incorporated with services like raid-hailing services, food delivery, freight transportation, and courier services.
Founded in 2009, Garrett Camp came up with the idea to create Uber and spent $800 hiring a private driver on the business eve.
With the largest ridesharing company worldwide with more than 150 million monthly active users and more than 6 million drivers, Uber guarantees to facilitate more than 26 million rides a day and more than 46 billion drives since its foundation in 2010.
How Uber Will Face Challenges in The Upcoming Years?
Although Uber is an esteemed company that has provided cab services for years, its reputation has gradually declined in recent years owing to the several challenges they are facing or is likely to face shortly.
1. Status of Drivers
One of them is the status of drivers; whether they are classified as personnel or independent drivers. Uber, to maintain its safe side, opts for the latter, and classifies itself as a technology company whose sole purpose is to connect drivers and passengers.
Although this classification works smoothly for the company and some of the drivers, others have reported to be suffering from it. Many drivers claim that they have been paid minimum wages which do not meet the earnings they can do by working as independent drivers. Not only this, but the company, Uber, has been solving several lawsuits that have been launched by drivers in Massachusetts and California.
2. The California Controversy
The ongoing challenges with the status of drivers faced legislative challenges in California; the region’s population of 39 million makes it one of the largest marketplaces for the company. Following, in 2019, the California senate passed an Assembly Bill 5, that ordered Uber, and Lyft among other ridesharing to deal with their drivers as employees and not independent contractors.
3. Taxes
Another issue that is related to the status of the drivers is the tax issue. If Uber stops claiming itself as a technology company and becomes a livery company, the government can claim that the entire ride payment is Uber Alternatives revenue and is subjected to taxes and governance.
4. Driver’s Risk
Besides, Uber drivers have been subjected to several risks as the company has been banned in several regions. In such cases, Uber drivers are open to receiving threats from the regions and their independent drivers.
Additionally, the Airport authorities have also been cracking down on Uber to drop off and pick up customers from the airport.
5. The Risk of International Expansion
Since Uber has now expanded its services and is now available across Asian countries, it might face issues with the local drivers.
Not only has there been an urge to promote local businesses, but the taxis are more affordable and compatible with customers. In such cases, Uber’s global expansion has sought to arouse several challenges in recent years.
10 Best Uber Alternatives In 2024
1. Flywheel
A cab-related service, similar to Uber, is currently working in San Francisco and is also one of the oldest cab services in the area. Flywheel, unlike Uber, is positively reviewed for its well-behaved drivers and clean cats.
Besides cab services, they have the second largest fleet of wheel car-based taxis and drivers that are trained for ease to passengers.
2. Grab
A Southeast Asian application, Grab is a great alternative to Uber Alternatives; however, has a plethora of features to offer. Initiated in Malaysia in 2012, besides its cab services, the company offers food and grocery delivery services, and mobile payments among others. With a simplified user interface and customer service assistance, Grab, with few taps, offers you a plethora of services that include purchasing groceries, ordering food, and much more.
Currently, Grab is operating its services in more than 400 cities. Additionally, Grab supports local businesses by including a list of restaurants and grocery stores that provide with several services to users.
3. HopSkipDrive
With considerable transportation that provides services to children and older adults. Currently operating in the United States in its 13 states, it currently operates primarily for school-aged children who fall under the category of IEP or the McKinney – Vento Homeless Assistance Act.
4. Bolt
Bolt, founded in 2013 in Estonia as Taxify is a transportation network organisation that operates in over 50 nations internationally. It offers convenient and low-cost experience hailing offerings to its customers. The organisation focuses on offering competitive pricing for its rides. The pricing model of the enterprise is designed in such a manner it is low-priced for both the riders and the drivers. The well-represented application allows customers to e-book rides, music their motive force’s place and pay for the rides seamlessly. Bolt is dedicated to safety and has implemented several measures to ensure the proper being of its riders and drivers.
One of the excellent Uber Alternatives options alternatives for commuters and vacationers in numerous countries including Europe, Africa, Asia and Latin America. Bolt can be a beneficial alternative to Uber if you are looking for an alternative to Uber with a motive of transportation for your family and education. The core values that are posed by Bolt are safety, empathy, ownership, thinking a bigger hustle, a brighter tomorrow, and positivity.
5. Gett
An Israeli company, Gett, with its established features and an easy interface, has made itself popular in the cab and taxi-sharing market.
Initially, the app was named GetTaxi and the only services it provided were related to taxis. However, with its globalisation, Gett also includes B2B travel management that shows versatility in its plethora of operations.
As of 2024, Gett has a strong presence in the United States, United Kingdom, and Israel. Now, with its appropriate corporate offerings, Gett is ready to expand itself in other markets across the globe.
6. OLA
An Indian multinational ride-sharing company, the term ‘OLA’ is styled as OLΛ. With its headquarters in Bengaluru, India, in 2010, the company was initiated as a trip-planning company. However, in 2011, with the growing market of cab-related services, its founder, Bhavesh Agarwal, decided to make a smooth transition that eventually led him to a successful way to gain a global market share.
Now as of 2024, OLA has not only expanded its service in India but also in several countries including Australia, New Zealand, and The United Kingdom.
7. Wingz
Besides its services of allowing users to book prior, its charges are fixed which helps users in not receiving a surge fee after arriving at the airport.
A US-based ride-hailing service, Wingz predominantly serves pre-scheduled, flat-fee, private rides that are particular for airport transfers.
Not only this, but Wingz lets riders and users request their favourite drivers for a hassle-free drive. With a safety feature and several customisation options, it serves as a great alternative to Uber Alternatives in 2024.
8. Via
A New York-based company, Via has now expanded its service globally and operates in more than 20 countries with its unique, ride-sharing opportunities.
Via uses an algorithm that matches passengers that are heading in the same direction which helps reduce the number of cars on the road while lowering the cost of a person. Additionally, with its unique ride-sharing option, it can be counted as one of the most sustainable Uber substitutes in the market.
9. Cabify
Operated mainly by a Spanish ride company, Cabify operates mainly in Spain, Latin America, and a few parts of Europe.
While the company is committed to safety, Cabify represents a comfortable drive to its customers, transparent pricing, and high-quality and trained drivers. Unlike Uber Alternatives, Cabify has reported few safety incidents and is continuing to improve to provide more safe services. While Cabify is safely running in regions across Spain, Latin America, and regions of Europe, it is constantly working to expand its services across Asian regions.
10. Curb
A US-based company that connects with riders and professional drivers, Curb is another reliable alternative to Uber.
With its new age reliability of tech-led Taxi applications, it combined the traditional taxis, which is why it is considered unique.
Along with its instant service, Curb also allows users to book their taxis in advance. In collaboration with the old taxis, Curb is supporting old-school businesses and local employees that can cash on modern-day cab services.
Final Words
Uber, urstoryiq.com with more than 47 billion rides since its inception in 2010, is likely to continue its contribution to the ride-sharing business. However, owing to several legal actions and controversies emerging around Uber Alternatives name have sabotaged its established market. In such cases, many users and customers have preferably switched their platforms to a safer and less controversial ride-sharing and cab services application.
Hence, if you are also looking for an alternative ride-hailing service to Uber, you can prefer our above-mentioned much-coveted guide. In this guide, we have covered everything including the reasons Uber is facing a setback from its customers, users, and drivers, and also the 10 alternatives of Uber in 2024 that can be used for a safer ride.
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News
Inna Lillahi Wa Inna ILayhi Rajioon In Hindi | इन्ना लिल्लाही व इन्ना इलैही राजिऊन का मतलब
Inna Lillahi Wa Inna ILayhi Rajioon In Hindi :- दोस्तों आपने कभी ना कभी मुसलमान समाज के लोगों को ” Inna Lillahi Wa Inna ILayhi Rajioon ” कहते अवश्य सुना होगा और आपके मन में यह ख्याल आया होगा कि आखिर ” Inna Lillahi Wa Inna ILayhi Rajioon ” क्या है और ” Inna Lillahi Wa Inna ILayhi Rajioon ” का उच्चारण कब किया जाता है या फिर ” Inna Lillahi Wa Inna ILayhi Rajioon ” को कब पढ़ा जाता है।
अगर आपको ” Inna Lillahi Wa Inna ILayhi Rajioon ” के बारे में तनिक भी जानकारी नहीं है और आप इससे जुड़ा हर एक जानकारी प्राप्त करना चाहते हैं तो आप हमारे इस लेख के साथ अंत तक बने रहे। क्योंकि इस लेख में हम ” Inna Lillahi Wa Inna ILayhi Rajioon ” से जुड़ी हर एक जानकारी प्रदान करने वाले हैं तो चलिए शुरू करते हैं इस लेख को बिना देरी किए हुए।
Inna Lillahi Wa Inna ILayhi Rajioon In Hindi | इन्ना लिल्लाही व इन्ना इलैही राजिऊन का मतलब
दोस्तों “Inna Lillahi Wa Inna ILayhi Rajioon” एक उर्दू शब्द है इसका अर्थ हिंदी भाषा में “हम अल्लाह के हैं और हमें अल्लाह के पास वापस लौट के जाना है” होता है। सरल शब्दों में कहें तो इसका अर्थ होता है कि हम अल्लाह के बंदे हैं हमें अल्लाह ने बनाया है और हमें एक ना एक दिन अल्लाह के पास वापस लौट के जाना है।
दोस्तों आपको मालूम होगा कि यह दुनिया में जितने भी सजीव प्राणी है वह एक सीमित समय के लिए धरती पर आए हुए हैं। उनका जीवनकाल कभी भी समाप्त हो सकता है जो व्यक्ति यहां पर आया है उसे जाना निश्चित है। हालांकि कुछ व्यक्ति कम समय मे ही अल्लाह के पास चले जाते है और कुछ व्यक्तियों को अल्लाह के पास जाने में कई वर्षों लग जाते हैं। यह सब अल्लाह के ऊपर निर्भर करता है, की अल्लाह किस बंदे को अपने पास कब बुलाना चाहते है।
“Inna Lillahi Wa Inna ILayhi Rajioon” शब्द अर्थ कुछ इस प्रकार से भी होता है । जैसे कि :-
- हम अल्लाह के हैं और उसी की ओर लौटेंगे ।
- अल्लाह ने हमें बनाया है और वापस हमें उनके पास जाना है।
- हम अल्लाह द्वारा भेजे गए सिपाही हैं जिन्हें वापस लौट के अल्लाह के पास जाना है।
Inna Lillahi Wa Inna ILayhi Rajioon क्या है ?
Inna Lillahi Wa Inna ILayhi Rajioon “इन्ना लिल्लाही व इन्ना इलैही राजिऊन” यह इस्लामिक समाज के पाक किताब कुरान का एक आयत है।
Inna Lillahi Wa Inna ILayhi Rajioon कब पढ़ा जाता है ?
दोस्तों हमने ऊपर के टॉपिक में जाना कि आखिर “Inna Lillahi Wa Inna ILayhi Rajioon” का मतलब क्या होता है और “Inna Lillahi Wa Inna ILayhi Rajioon In Hindi” क्या होता है। अब हम इस टॉपिक के माध्यम से जानेंगे कि आखिर “Inna Lillahi Wa Inna ILayhi Rajioon” कब पढ़ा जाता है या “Inna Lillahi Wa Inna ILayhi Rajioon” का उपयोग कब किया जाता है तो चलिए शुरू करते हैं इस टॉपिक को बिना देरी किए हुए।
जब मुस्लिम समाज में किसी भी व्यक्ति का इंतकाल हो जाता है या फिर कोई व्यक्ति किसी चहेते का इंतकाल का खबर सुनता है तब वह इस “Inna Lillahi Wa Inna ILayhi Rajioon” वाक्य का उच्चारण करता है। इन शब्दों का मतलब तो हमने आपको ऊपर में बता ही दिया है।
ऐसा जरूरी नहीं है कि जब किसी भी व्यक्ति का इंतकाल होगा तभी इस शब्द का उच्चारण किया जाएगा आप इसे अपने परेशानी के वक्त भी उपयोग कर सकते हैं। उदाहरण के तौर पर :- मान लीजिए कि आपके पास कोई फोन है या फिर आपके पास कोई कीमती चीज है और अगर आप उसे खो देते हैं तो उस परिस्थिति में भी आप इस शब्द का उच्चारण कर सकते हैं। क्योंकि इस शब्द का अर्थ ही होता है कि ” यह अल्लाह का है और इसे अल्लाह के पास ही लौटना है।
FAQ, s
Q1. inna lillahi wa in allah-e-rajioon in arabic
Ans. inna lillahi wa in allah-e-rajioon को arabic में ” إنا لله وعلينا أن نعود إلى الله ” कहते है।
Q2. inna lillahi wa in allah-e-rajioon in Urdu
Ans. inna lillahi wa in allah-e-rajioon को Urdu में ” ہم اللہ کے ہیں اور ہمیں اللہ کی طرف لوٹنا ہے۔ ” कहते है।
Q3. inna lillahi wa inallah-e-raji’oon meaning in English
Ans. inna lillahi wa inallah-e-raji’oon meaning in English is ” We surely belong to Allah and to Him we shall return “.
Watch This For More Information :-
[ Conclusion, निष्कर्ष ]
दोस्तों आशा करता हूं urstoryiq.com कि आपको मेरा यह लेख बेहद पसंद आया होगा और आप इस लेख के मदद से Inna Lillahi Wa Inna ILayhi Rajioon in hindi के बारे में जानकारी प्राप्त कर चुके होंगे।
हमने इस लेख में सरल से सरल भाषा का उपयोग करके आपको Inna Lillahi Wa Inna ILayhi Rajioon के मतलब के बारे में बताने की कोशिश की है।आप हमारे दिए गए कमेंट सेक्शन में अपनी राय जरूर दें कि आपको यह लेख कैसा लगा और आपको Inna Lillahi Wa Inna ILayhi Rajioon शब्द का अर्थ समझ में आया कि नहीं।
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