[Advaita-l] Interest Collection is Wrong according to Dharma?
sranga1955 at hotmail.com
Thu Jul 4 22:18:30 CDT 2013
I presume this means 5% interest. Is this real rate of interest http://en.wikipedia.org/wiki/Real_interest_rate
or something else?
What is Manu Smriti's position on inflation? :-)
> Date: Thu, 4 Jul 2013 21:56:50 +0530
> From: vmurthy36 at gmail.com
> To: advaita-l at lists.advaita-vedanta.org
> Subject: Re: [Advaita-l] Interest Collection is Wrong according to Dharma?
> Namaste Sri Sriram
> In Chapter 10 Manu Smruti -
> 117. Neither a Brahmana, nor a Kshatriya must lend (money at) interest;
> but at his pleasure (either of them) may, in times of distress when he
> requires money) for sacred purposes, lend to a very sinful man at a small
> The Brahmin must not give loans with interest to anyone except a very
> sinful man. But who is following this rule now. They are charging heavy
> interest for every person. The Brahmin must not have desire for earning
> huge wealth.
> In Chapter 8 -
> 151. In money transactions interest paid at one time (not by instalments)
> shall never exceed the double (of the principal); on grain, fruit, wool or
> hair, (and) beasts of burden it must not be more than five times (the
> original amount).
> 152. Stipulated interest beyond the legal rate, being against (the law),
> cannot be recovered; they call that a usurious way (of lending); (the
> lender) is (in no case) entitled to (more than) five in the hundred.
> They are not following this also today.
> On Thu, Jul 4, 2013 at 11:09 AM, Venkata sriram P
> <venkatasriramp at yahoo.in>wrote:
> > Namaste,
> > Pls refer 155th sloka of 8th chapter and 117th sloka of 10th chapter from
> > manu smriti.
> > regs,
> > sriram
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