Editorial

On June 9th 2019, Vijay Mallya was spotted at the London stadium when he along with his family went to watch a Champions Trophy cricket match between India and South Africa

Vijay Mallya cannot be exempted from misfortunes and delays in Salary to his STAFF, but chanting CHOR CHOR is not justified when his family was around leading a traumatic situation.

He might be responsible for many things but have you ever wondered that the BANKS mint a lot of money from people especially IT employees/SALARIED class by charging huge interests on LOANS.

In India Interest is around 13%-21% whereas in other EUROPEAN countries it is as less as 4%.

Vijay Mallya might have had an advantage, but BANKS should also be blamed as they had given him LOANS amounting millions with ease?. If normal Indians have to take loans, the PROCESS of acquiring a loan is FRUSTRATING, and then there are hidden charges and then they come up with interest charges often fluctuating finally compensating these BANKS.

Just ask yourself: How much part of your SALARY you give it as PRINICIPAL and INTEREST to these BANKS. Isnt the huge INTERESTS unjustified and the same applies to MICROFINANCE BANKS due to which lots of FARMERS have committed suicide unable to pay the INTEREST.

SO WHO SHOULD BE BLAMED ??? 

 

 



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