Studying in the US? Get ready to shell out a lakh more per semester

• Indian students in US hit hard

[caption id=“attachment_158071” align=“alignleft” width=“380” caption=“The rupee depreciation has broken many dreams, especially of those who want to study abroad. Reuters”]  [/caption]

The rupee depreciation has certainly broken many dreams, especially of those who want to study abroad. Aditya Ambarkar, who got admission in North Carolina State University this year, now has to shell out more money for his semester fees, said an article in Business Standard today. Initially he had paid around Rs 4.73 lakh for his first semester but today he has to shell out another lakh as the rupee is trading at Rs 54 per dollar. So will your bank be ready to fund that extra amount? Click here to find out.

• Power of Attorney Vs Letter of Authority

If you are unsure about the difference between a Power of Attorney (PoA) and Letter of Authority(LoA), this article by Business Standard should bring some clarity. Unlike PoA, which is considered a more authentic document and gives greater independence to the holder, an LoA is used for administrative purposes. An LoA can be used for smaller tasks like filing or collecting a cheque book, while a PoA can be used to withdraw huge sums of money. However, one needs to be careful before handing over either of them as these documents (especially the PoA), hold the donor responsible for whatever the holder does. Read more here to understand the implications.

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• Budget for interior work while buying a flat

Moving into a new apartment is a joyous experience, but one also has to keep into account many factors like the never-ending interior work. “The cost of designing and doing the interiors could vary depending on your house” said an Economic Times report. Depending on your choice, some buyers opt for a naked flat (one without any internal walls, flooring, windows, etc. ) as this gives the interior designer the freedom to design it as per the buyer’s choice. Even those who believe in Vaastu go in for a naked flat, said the article. Click here to read more.

• Should you buy a petrol,diesel, LPG or CNG car?

All geared up to buy a car? Should you opt for a petrol car or go in for the CNG and LPG cars that may turn out to be cheaper in the long run? “If you are buying a car for the long term, diesel, CNG and LPG will be cheaper. But if you change your car every 2-3 years, petrol cars will be cheaper” said Mint today. The article has covered some important points like the cost factor, mileage and running cost, insurance cost and maintenance cost. To know more, click here.