Jharkhand: Eight Naxals including three high profile leaders killed in encounter
Eight Naxals including three high profile leaders were eliminated in an encounter by CoBRA commandos and police at Lugu Hills in Jharkhand’s Bokaro district on Monday. A high-ranking central committee member was among the deceased who had a Rs 1 crore reward announced after him. The central committee serves as the primary decision-making authority of the banned CPI (Maoist organisation).
The CoBRA functions as the CRPF’s specialised jungle warfare unit. This operation aligns with the government’s objective to eliminate Naxalism by March, 2026.
Naxal members who were killed
The deceased included central committee member Prayag Manjhi (Vivek), special area committee member Arvind Yadav (Avinash), zonal committee member Sahebram Manjhi (Rahul Manjhi). Mahesh Manjhi, Talu, Ranju Manjhi, Gangaram and Mahesh were also killed in the encounter.
The rewards on the militants were Rs 1 crore for Prayag Manjhi aka Vivek, Rs 25 lakh for Arvind Yadav and Rs 10 lakh for Sahebram Manjhi aka Rahul. Multiple cases of violence were registered against the deceased Naxalites.
Weapons seized during encounter
The confrontation between Naxals, Jharkhand Police and CoBRA commandos began at around 5.30 am in Lugu Hills of Lalpania area. During the operation, conducted by 209 CoBRA Battalion and state police, weapons including an AK series rifle, three INSAS rifles, a self-loading rifle, eight country-made guns and a pistol were seized.
Maoist wiped out in North Chotanagpur: DGP
Jharkhand DGP Anurag Gupta said, “With this encounter, Maoist squads in North Chotanagpur region have been wiped out. Maoists have nearly been wiped out from across the state. They only remain in Chaibasa region. We are going to relocate all our forces, including the CRPF, Jharkhand Jaguar and Jharkhand Armed Police, in the Saranda area. Our target is to eliminate all the Maoist squads in the region in the next 15 to 20 days, or certainly before the rainy season.”
Home Ministry commends Naxal encounter
The home ministry commended the security forces for their achievement in the ongoing anti-Naxal operations.
“Our march to eliminate Naxalism continues unabated. Today security forces achieved another significant success in the ongoing operation to uproot Naxalism. In an encounter at Lugu Hills in Bokaro, Jharkhand, 8 Maoists were neutralised, including a top-level naxal leader, Vivek, who carried a reward of Rs 1 crore, and two other notorious Naxalites. The operation is being continued. Applaud our security forces,” official X account of the Home Ministry posted on Monday.
Chhattisgarh CM to meet Amit Shah to review anti-Naxal operations
Meanwhile, Chhattisgarh Chief Minister Vishnu Deo Sai is scheduled to meet Union Home Minister Amit Shah in New Delhi on next Monday to review anti-Naxal operations. Over 140 Maoists have been eliminated in Chhattisgarh this year, a state which is considered as a stronghold of Left Wing Extremism.
Personal Loan EMI Calculator: A Tool to Streamline Your Finances
Managing loan repayments can be challenging if you don’t plan your finances properly.
Taking a Personal Loan comes with the responsibility of timely EMI payments, and a structured approach is necessary to avoid financial strain. This is where a Personal Loan EMI calculator becomes useful.
A Personal Loan EMI calculator is an online tool that helps borrowers estimate their monthly installments based on loan amount, tenure, and interest rate.
It simplifies financial planning, ensuring that borrowers take a loan they can comfortably repay without disrupting their budget.
This guide explains how a Personal Loan EMI calculator works, its benefits, and how it differs from a Personal Loan eligibility calculator.
How a Personal Loan EMI Calculator Works
A Personal Loan EMI calculator computes the monthly instalment based on three key factors:
- Loan amount: The total amount borrowed from the lender.
- Interest rate: The rate at which interest is charged on the loan.
- Loan tenure: The repayment period chosen by the borrower.
The EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
P = Principal loan amount
R = Monthly interest rate (Annual rate/12/100)
N = Loan tenure in months
For example, if you take a Personal Loan of ₹ 5 Lakh at an annual interest rate of 12% for five years, the EMI can be easily determined using the calculator instead of manual calculations.
Benefits of Using a Personal Loan EMI Calculator
1. Helps in Budgeting and Financial Planning
Knowing your EMI in advance helps in planning monthly expenses. It ensures that repayments do not impact essential financial commitments like rent, utility bills, or savings.
2. Provides Accurate EMI Estimations
Manual calculations can lead to errors. A Personal Loan EMI calculator ensures accuracy, giving the exact EMI amount within seconds.
3. Saves Time and Effort
Instead of manually applying formulas, borrowers can get instant results by entering basic loan details into the calculator.
4. Helps Compare Loan Offers
Different lenders offer varying interest rates and tenures. The calculator allows borrowers to compare different loan options to find the most suitable one.
5. Determines the Ideal Loan Tenure
Borrowers can adjust the tenure in the calculator to find a balance between affordable EMIs and total interest payable.
How to Use a Personal Loan EMI Calculator Effectively
Using a Personal Loan EMI calculator is simple and requires only three steps:
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Enter the Loan Amount: This is the total amount you wish to borrow.
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Select the Interest Rate: Use the interest rate provided by the lender.
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Choose the Loan Tenure: This is the repayment period in months or years.
Once these details are entered, the calculator instantly displays the EMI amount, total interest payable, and total repayment amount. Borrowers can tweak these values to see how changes in tenure or loan amount affect the EMI.
Common Mistakes to Avoid When Using a Personal Loan EMI Calculator
1. Ignoring Additional Charges
Many borrowers focus only on the EMI and overlook other charges like processing fees, prepayment penalties, and GST. These can add to the total cost of the loan.
2. Choosing a Long Tenure for Lower EMIs
Opting for a longer tenure may reduce monthly payments, but it increases the total interest paid over time. Borrowers should strike a balance between affordability and total cost.
3. Not Checking Interest Rate
Checking the interest rate is essential when applying for a Personal Loan. It determines the total repayment amount and EMI amount to be paid every month. A higher interest rate can lead to a higher EMI amount which can be hard on your budget.
4. Overestimating Repayment Capacity
Borrowers should ensure that EMIs do not exceed 30-40% of their monthly income. Taking a high loan amount without proper assessment can lead to financial strain.
Alternatives to a Personal Loan EMI Calculator
While online EMI calculators are convenient, some alternatives include:
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Bank EMI charts: Some banks provide pre-calculated EMI tables based on interest rates and tenures.
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Excel formulas: Borrowers can use spreadsheet functions like PMT in Microsoft Excel to calculate EMIs.
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Manual calculations: Although time-consuming, applying the EMI formula manually can help understand the process.