After all what’s the purpose of this hike in interest rates? What impact does it have on the common people? Probably, it’s the most frequently asked questions lately. To begins with, the immediate hike in the repo rates* resulted in increased interest rates. Basically, the repo rate was increased with the intention to dampen the inflationary expectations.
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Investing in Mutual Funds (MF) has suddenly become the new rage among investors. Good returns and investing in funds suiting your risk taste is something that has caught the attention of the investors lately.
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Always being on your toes, crazy working hours, meeting important deadlines, reaching home late-sounds similar? That’s what has been the new lifestyle of the new working crowd. The attention on family life has minimized just because the focus is more on the kind of lifestyle that is being led.
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A few months ago, I came across a friend who was proud of having a good insurance cover. To his bad luck, he met with an accident. The hospitalisation bills made a hole in his pocket. He had to pay Rs. 1,00,000. He had made provisions for his family in case of his early death but insuring his health surprisingly, skipped from his mind.
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I'm One of Them
You ought to feel highly honored," said the businessman to the life insurance agent, "so far today I have had my secretary turn away seven insurance agents."
"Yes, I know," replied the agent, "I'm one of them."
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