hi friends,
INFLATION EATS UP RETURNS ON FIXED DEPOSITS
rising prices are not just pinching our pockets but are also affecting our incomes, eating into returns on bank fixed deposits. The annual inflation rate based on the whole sale price index for January , 2010 released on Monday shot up to 8.56 %much above the interest rate offered by the banks at present.WPI inflation rate was 7.31% in dec 2009.
Hey Hey Hey started your first post! These statistics are indeed disturbing for the Common Man. The huge middle class in India will be at the receiving end as result of this
ReplyDeleteGod and better minds( be it policymakers, economists, journalists, bankers, activists, social scientists) save the situation ...