What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
Mumbai: Mumbai reported 660 new coronavirus cases on Thursday, the lowest since February 23 this year, and 22 fatalities, the Brihanmumbai Municipal Corporation (BMC) said. With this, the city’s infection tally rose to 7,14,450 and death toll to 15,122. On Wednesday, Mumbai had recorded 788 cases and 27 deaths.
The country’s financial capital had reported 643 new infections on February 23 this year. After that, the daily Covid-19 infection count in the city had remained in four to five digits for a sustained period during the second wave.
According to the BMC officials, the city currently has 15,811 active cases of Covid-19 as 768 patients recovered during the day. With this, the tally of recovered patients jumped to 6,81,288 and the recovery rate is 95%, they said.
As 25,396 tests were conducted in the last 24 hours, the overall test count in Mumbai reached 65,34,969. Mumbai’s average growth rate of Covid-19 cases between June 3 and 9 was 0.12%, while the average doubling rate was 566, they said.
The number of active containment zones in the city has came down to 25, while there are 93 buildings that have been sealed to curb the break the chain of the virus.
During the second wave of the pandemic, Mumbai had reported the highest number 11,163 coronavirus positive cases on April 4, while it had witnessed the highest 90 deaths on May 1.