Goa Minister for Health and Women and Children, Felicitates Caravela Beach Resorts

Goa Minister for Health and Women and Children, Felicitates Caravela Beach Resorts With ‘GOA RED RIBBON WARRIOR’

Caravela Beach Resorts Partners with ‘Human Touch Foundation’ To Support the Cause of HIV Afflicted Children in Goa

The Caravela Beach Resort Goa, which is owned and operated by Advani Hotels & Resorts (India) Ltd. was felicitated by Hon'ble Minister for Health and Women and Children, Shri Vishwajit Rane, with the ‘GOA RED RIBBON WARRIOR’. The award was conferred recently by the Goa Minister at the ‘Positive Power Summit’, organized by the Human Touch Foundation, on the eve of World AIDS Day. Caravela Beach Resort has partnered with the Human Touch Foundation, an NGO working towards the betterment of lives of young children suffering from HIV in Goa.

The Caravela Beach Resort also sponsored the last trek of ‘Positive Trekking’, an annual initiative organized by the NGO for adolescents who are either living with or affected by HIV, in the age group of 12 – 21 years, in Goa. Approximately 45 children afflicted by HIV participated in this unique initiative that was aimed at providing relief from the hustle and bustle of daily life by exploring the serene wilderness. The children had a fun-filled day at various events were organized by the NGO to spread laughter and make them feel connected to the society.

Mr. Sunder G. Advani, Chairman and Managing Director of Advani Hotels & Resorts (India) Ltd.said, “We are happy and humbled that we have partnered with Human Touch Foundation for this noble social cause. It is sad that millions of children are suffering from the HIV malady and a small step in this direction can make a difference to these young lives. I have a firm conviction that we shall continue on contributing to such benevolent causes in future and help the children lead a healthy and dignified life.”

Mr. Prahlad Advani pioneered this CSR activity and thanked Mr. Peter F. Borges, the CEO of the Human Touch Foundation and the entire team of volunteers, for their selfless service to society. He added that “Advani Hotels & Resorts India Ltd.’s exemplary dedication and support to the Human Touch Foundation has helped us overcome barriers and better respond to the needs of children and adolescents living with HIV. We have made remarkable progress in addressing the epidemic in the State of Goa.”

About Caravela Beach Resort:
The 5-star deluxe luxury beach resort has 202 rooms, several of which have direct sea views and includes 5 villas. The Resort is designed by the world famous architects WATG from the USA (who also built the Atlantis Resorts, Sun City, the Bellagio and Wynn in Las Vegas etc.). The Caravela is built in a terraced garden pattern on a 24-acre estate and is located on the powdery white sands of Varca beach, South Goa. The Resort is surrounded by immaculate gardens designed by Belt Collins Singapore and are home to unique birds and a large golf course.

Statement from Shri Manohar Ajgaonkar, Hon’ble Minister of Tourism, Government of Goa

While there have been reports that the tourism numbers in Goa have decreased, we would like to point out that in the last year we have successfully initiated a number of measures to make tourism in the state a more memorable experience.

Goa is a destination which attracts all kinds of tourists from all sections of society. In keeping with this, we have accommodation options ranging from luxury resorts to more affordable options. For the convenience of tourists, we have also introduced Goa Miles, a mobile application that helps one book taxis for a reasonable cost in a convenient manner. Safety and security are of prime concern and the Goa Police take necessary precautionary measures to ensure law and order is maintained in the state. To give tourists, both domestic and international, multiple reasons to visit Goa, various festivals are marketed internationally to showcase the diversity of options available in the state.

The Tourism Department understands the importance of Music festivals and the revenue they bring to the state; we welcome organizers of these events and encourage them to revisit Goa to host these events, as long as their dues are cleared. Efforts are made to ensure the beaches are clean. Our beach cleaning initiative has been successful across the state. The Tourism department has sufficient expertise, manpower and ability to ably execute the beach cleaning work.

Like any other industry, tourism is also subjected to taxes. We understand that rising costs can hamper the progress of tourism in the state,however on our part we assure to provide all the possible support to make Goa the destination of choice for tourists.

Axis Bank launches QuikPay Home Loan

Axis Bank launches QuikPay Home Loan; An Industry-First Reducing Monthly Instalments Plan that Offers Big Savings to Home Buyers

Axis Bank, the country’s third largest private bank, today launched ‘QuikPay Home Loan’, a first-of-its-kind home loan offering that will let home buyers save big on the interest amount component of the loan. Essentially, as against the industry norm, QuikPay Home Loan will offer an alternative repayment structure, wherein the customer repays an equal amount of principal every month along with interest on the outstanding balance. Thus an equated principal amount combined with reducing interest amount component will lead to reducing monthly installments. As a result, there will be an overall reduction in total interest amount component paid over the entire tenure of the home loan, thereby benefitting the customer.

Instead of EMIs (equated monthly installments), the customer will pay reducing monthly installments. While the initial installments will be higher (than the EMI on the same loan amount for the same tenure), the installment amount keeps reducing throughout the loan tenure.

Speaking at the launch, Rajiv Anand, Executive Director (Retail Banking), Axis Bank, said, “For the benefit of our customers, we have launched QuikPay Home Loan, which is an innovative product that will reduce the overall interest burden on the borrower. We are confident that this unique concept of ‘reducing monthly installments’, along with big savings on interest, will be an attractive proposition for home buyers.”

To illustrate the offering, let’s consider a typical home loan of Rs. 50 lacs for 20 years at 9.00% pa. This loan will have a total interest outgo of Rs. 57.96 lacs over 20 years for the customer. However, with Axis Bank’s QuikPay Home Loans, for a loan of Rs. 50 lacs for the same tenure, even with a slightly higher annual rate of interest of 9.20%, the overall interest outgo will be only Rs 46.19 lacs, thereby resulting in an overall saving of Rs 11.77 lac for the customer.

Refer to the annexure for a detailed comparative break-up of the loan repayment schedule.


About Axis Bank:
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. With its 3,882 domestic branches (including extension counters) and 12,660 ATMs across the country as on 30th September 2018, the network of Axis Bank spreads across 2,269 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has ten overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi, Sharjah and Dhaka and an overseas subsidiary at London, UK.

Visit us at : www.goa-tourism.com