This Diwali, The Wire is bringing a new show for its viewers for an unfiltered view of the economy. Watch Mitali Mukherjee every week on The Wire as she connects the dots for us on The Wire Business Report.
In the first episode, Mitali Mukherjee takes a look at what this year has meant for small investors.
Samvat 2074 may well be a year that investors would want to forget quickly. Let’s take a look at what this year has meant for a small investor. Someone who’s setting aside, with some difficulty, a little piece of their earnings for a rainy day.
Fixed deposits that were often considered the “safest” haven – as also the bane of the equity market’s existence – suddenly seem to be not that safe anymore. PMC has taught people that they can be unceremoniously denied access to their own money.
Added to that, there’s a second googly in the FD universe. The RBI has introduced a repo linked lending rate regime – which basically implies quarterly adjustment of FD rates too.