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Debt | Chanakya Speaks
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[2 Jan 2009 | 5 Comments | 315 views]

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Generally people have the perception of debt as is been depicted in the pic above; the perception that a common man becomes burdened and it takes away his life, a notion which is shown umpteen times in old Bollywood movies.
Contrary to the common belief, debt could be a business man’s friend. Debt, if utilized judiciously, can be his biggest asset; as is pointed out by Mr Kravis in the movie “Barbarians at the Gate.” He goes on to say- “Debt tightens a company, it puts pressure on the management to …