Now the persons who are taking huge loans and they never repay the loans taken. So the lending banks will have more NPAs and will suffer. Ultimately some people who have some money in those banks suffer a lot. So one should not encourage such practices.
Thoughts exchanged is knowledge gained.
This is not a new system in the world. It has been existing for a long time around the world. It happens in those countries where the ruling party is extremely powerful and opposition parties become irrelevant. We have seen several countries which made their distribution of wealth in imbalance manner. Crony capitalism can be good to business class whereas the lower section of the society economically goes down and the gap between these two groups keeps on widening. Sometimes, it creates germs of revolt against the ruling class. The world has seen a revolution in several countries in past.
K Mohan @ Moga
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease