Since most companies and individuals face a short-term cashflow problem, the restructuring of loans will allow many good companies and credit worthy individuals to recover from the recession. Due to the uncertainty of the economic recovery, all individuals are advised to take up this once-in-a-lifetime offer from the banks.
A few days ago, I chatted with the owner of a popular Indian banana leaf eatery.
There was the usual lunch time crowd, all the tables were full and a line was forming outside waiting for tables to be cleared.
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