A majority of India's people are either jobless or working for daily wages. Even for the "working" class, how many can really do something to increase thier earnings - 5%? or max 10%? In the salaried class, Govt has got salary scales and promotion policies whereas private firms increment salsry thru some sort of appraisal processes. Where is the opportunity for an employee to decide how much he gets? So, this article is meant for the lucky 5% who can make decisions on thier salary?
Also, people are not much bothered about real problems: in the example itself, mr.Sarfraz is more bothered about teh 11.5% interest he pays on a "real" investment whereas he is not at all worried about the 13.5% he pays on the car loan(assuming 5 years repayment). Why hasnt he decided to buy an Alto without taking a loan? And what about credit card charges? When the salary might have increased at least 20% since 2005 (assuming a min. 6 or 7% annual increment), why should one complain about an increase of just 14% in outgo?
So, such articles does not propose anything really useful to someone to beat the current inflation.
RE:Managing inflation
by bhaskara rao on Jul 10, 2008 12:14 PM Permalink
You are right.They eat thrice monthly out which definitely costs atleast Rs2000/- which can be saved.
