In 2000, that was when I started earning enough to save some, I bought a pension policy from LIC. It came for an annual premium of Rs 25,000 and promised to pay about Rs 20,000 every month after 25 years — that is starting 2024 when I would be 55 years and retiring. Read more

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In a May 31 posting on this blog, I had argued how and why the economic deceleration that we were beginning to see could get worse. I had said we would be lucky if we notched up 8% growth this year. Until then the government and several other agencies were sticking to a 9% forecast. I would have loved to be proved wrong. But the slowdown is indeed getting worse. Read more

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Last week, a former guerrilla leader won presidential elections in Brazil – South America’s biggest economy and the world’s eighth largest. Read more

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