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Showing posts from February, 2016

Banked Loans and Blanked Loans

Shazeer(name changed)is an employee with a private limited company. A family man with two children, he had a good track record of credit. He belongs to a middle class family and as would be the dream of anyone, he too had a dream to own a house/flat. After finalizing a flat for purchase, he approached a government bank for a loan of Rs.25 lakhs after planning to chip in his own savings of another Rs.5 lakhs to complete the purchase. After several rounds to the bank and signi ng a thousand times on hundreds of documents along with his wife as co-applicant, the loan was approved. Having purchased the flat and living in that, he ensured that the post dated cheques given to the bank were honoured. This went on for five years. Suddenly one 'fine' day, he lost his job owing to the tough market conditions that his company faced. He was one among the staff that the company laid off.  For the next six months he couldn't pay the housing loan EMIs and went to the bank to exp

Sandals and Shoes

Friend A : Hey! Did you hear this about a guy called Sumit Agrawal who sent Rs.364/ to Delhi CM Arvind Kejriwal asking him to buy shoes!!?? I He is reportedly 'ashamed' that the Delhi CM went to meet French President Francois Hollande at Rashtrapathi Bhawan in sandals and not shoes. Friend B : Yeah! I read it in the news recently and thought the guy must be a moron to have done like that. Friend A : Why do you say he is a moron? Friend B : Just imagine, Mahatma Gandhi, the Father of our nation, went around in simple dress of an Indian peasant. Millions of Indians who fought for Independence and walked behind him felt Gandhi was one among them. He went to meet British Emperor George V in London in the same dress in spite of strict dress code and protocol. If a leader is a Gandhian , what is wrong in following Gandhian way of life? Does this moron know that? Friend A : He may not be aware as he is an 'engineer' and may not know much about the freedom struggle.