Wednesday, November 16, 2011

Current Events #2

Title: "Storm Approaches for India's Banks, Analysts Say"

Summary of Article: India's economy is falling because of rising interest rates and loan payments. People were'nt paying there loans or not paying it back at all so now, money is being spent thoughtfully than before in India. In two years the industrial growth rate of India dropped critically.
Suggestion for Improvement/'Solving: Whatcan be solve to solve this problem is that the bank should'nt let people take loans unless they have a certain amount of money in their account so they know that the person can pay the money back. This effects the local government and the communtiy because now certain people can't be trusted making loans to so now people cant pay for things in their community and if the cpommunity doesn't get money then there will be a decrease in the activities in the community.