>>Okay so by that logic personal loan for self marriage or daughter�s marriage should be exempt
Your marriage does not give job to anyone.
You dont register your marriage so govt also dont get any money from your marriage.
Though marriages are good for micro economy but then its micro
You should save for your marraige, it would help govt and you both
Does not owning Cars or Bikes by each one show economical development of city or country? :roll:
developing eco: India, govt can not think of promoting car/bike(depreciation is high), when 60% people are just meeting their needs.
But govt can promote house(appreciation only).
Govt would give more loan for small scale industry than large scale industry.
Note one change in interest rate of banks now. They have increased the interest rates in just last 2-3 months.
It is alarming situation.
1) either economic is really doing good and they need more investment to promote growth.
2) OR economic growth is media myth but internally Govt needs money to retain this level(not to promote)
If second is true then time to sell your all shares. If first is true then time to buy all shares