We need to tighten our belts right nowThe latest issue of Business Today talks about the problem of the huge NPAs of public sector banks. This money is owed by various corporate organizations, each of which has played around with our deposits in these banks. The relationship between the RBI and our Union Finance Minister is going to come under huge strain. Mrs Nirmala Seetharaman is not very likely to give away any more concessions to the middle class. The GST rates are likely to be revised for items like food in branded hotels. This will invariably push up the costs and will have to be borne only by us, the ordinary people who faithfully pay income tax. The political class that rolls in black money will never suffer.
How and what ways should we tighten our belts and save some money for the future? This one question is going to engage all our minds. Members may highlight some areas that can come under our radar screen immediately.