"L di/dt=V( by Kirchoffs law).this would mean current is forever increasing infinitely. is this practically possible?"
This means that the voltage across the inductor is proportional to the change in inductor current over change in time multiplied by the inductance.
In a DC circuit the (steady state) the impedance Z = jwL where w is the angular frequency or 2Pif or 6.28 times the frequency (6.28f).
When f=0 (DC case), Z=0. So there is no impedance in the inductor and it acts as a short.
If the inductor acts like a short, there is no change in current and therefore di/dt =0. so essentially it says that for a DC circuit the voltage across the inductor =0 as there is no change in current.
However saying this I do understand your frustration. If we look at V=IZ and then solve for I we get I = V/Z. If Z=0 then I = infinity. However, we understand this to mean that the inductor acts as an ideal resistor = 0 ohms (offering no resistance) and that the voltage drop across the inductor is ideally zero. So if you just had a voltage source and an inductor, it means you would short out the voltage source and high amounts of current would flow. If you had an inductor in series with a resistor it means that it is just like you only had the voltage source and the resitor in the circuit and the current would be equal to V=IR or I=V/R (so no infinite current).
So getting back to the I=V/Z delima. You have to look at it like this: in a DC circuit with an ideal inductor (no resistance), the current will be at it's maximum value i.e. the inductor is not trying to limit the current through the circuit (it just acts like a wire).
Hope this helps and I hope it is not too long of an explanation.