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Dear Vipin ji

 

after the collapse of credit based economies like USA, the malaise is spreading to countries like India. the younger generation invariably is spending more and more on credit and getting into the vicious circle of loan repayment, default on payments and mounting debts. You find quite a few youngsters with huge housing loans and other personal loans who are facing a lot of problems in the recession times.

 

what does Lal Kitab say about loans and problems related to non payment and remedies. we can take casestudies on this topic later.

 

Regards

 

Sharat

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