Laymen like me with no knowledge of finance panicking when we hear the banking term “write off” – I understand. But news channels and news websites giving ‘heartbreaking’ news items about how huge corporate houses have loans written off when common man is suffering, as if it is a waiver/forgiven debt – I don’t understand. Aren’t news houses supposed to learn the exact meaning of these terms before they air news or publish articles like these? Oh wait! Then it wouldn’t be possible to create even more panic and chaos. Now I understand!
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