Indian travel freaks turn to lenders

Desire to visit exotic spots, expensive tickets seen as reasons; loans offered from ₹50,000 to ₹7.5 lakh Indians are increasingly using debt to finance travel, according to travel portals and lending platforms. “There are two perspectives on this, quantitative and qualitative,” Veetika Deoras, COO, Digital Business at Tata Capital told The Hindu. “Looking at the qualitative, there is an increasing trend one is seeing where people are open to borrowing for experiential elements like travel.” According to Qbera.com, an online lending platform, on an average, people in the age group of 27-40…

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Paranthas at Shimla’s Coffee House will turn the eatery into a dhaba: Old-timers

The famed Indian Coffee House on The Mall in Shimla will start serving snacks other than south Indian delicacies from Monday. The old-timers are distinctly unhappy. The Coffee House says the change is necessitated by economic reasons. But those who have patronised it for decades say the eatery will soon lose its character. “To our dismay, the Coffee House management has decided to make it a ‘dhaba’ from May 1. Perhaps they are not aware that there are a number of ‘dhabas’ in Shimla,” BD Sharma, a former press secretary…

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