Outlook Money Outlook Money, July 2018 | Page 8

Talk Back Double Whammy The cover story On the Edge made a timely read. The next one year or so will be interesting times for all of us. The rising oil prices and falling rupee is a kind of double whammy. Plus it seems that RBI has to further hike repo rates to rein in inflation and loans are going to get costlier. Interestingly, it is also the year before the assembly elections so the government is likely to come up with big spending in the social sector as well. I think that long- term investors would do well to stick to the basics, keep the SIPs going and see through this phase because good time will be back again sooner rather than later. Anandi Rudra, Mumbai My Plan I am a regular reader of Outlook Money and the My Plan section is one of my favourites. While different people have different financial requirements, the basics of financial planning remain the same. One thing I have learnt and applied to my finances is that first it is important to get proper health and life insurance, after which one should look to invest their money. Many people tend to forget this and then it is like a batsman facing a fast bowler without putting pads and helmet on. Subodh Sircar, Bangalore Credit Card The story Choose Your Reward was worth reading as I feel that many of us are unaware of the fact that credit cards can fetch us so many interesting rewards. Many of us might not know about all the features of a credit card and so lag behind in utilising its maximum potential and power. Who doesn’t want a discount in shopping malls? When we travel we can use reward points to get free access to airport lounges which really help when one has to wait a long time at the airport. This story will help maximise the potential use of a credit card and I look forward to read more such stories in the future. Mayuri Goswami, Bengaluru Going Cashless Credit cards are actually your friend in need since they come in handy when you need them. In the era of a cashless economy, credit cards have played a very significant role in every person’s life. Be it while booking a ticket or shopping or any other spending activity, credit card has its own benefits. I’ve been a credit card holder since two years and credit cards have definitely made our life easier. Carrying money in hand has a risk factor of theft but credit cards eliminate that risk. However, one should inform the bank immediately in case of loss of a credit card. Dhanyaswaroopa Deb, Delhi Editor Arindam Mukherjee Equities and Markets Editor Yagnesh Kansara Senior Assistant Editor M. Rajendran ASSISTANT Editor Anagh Pal senior CORRESPONDENT Himali Patel Principal Correspondent Nirmala Konjengbam Correspondent Suyash Desai Art Praveen Kumar. G, Vinay Dominic (Senior Designers) Rohit Kumar Rai (Designer) Girish Chand (DTP Operator) Photography  Gireesh. GV (Picture Editor) Soumik Kar, R.A. Chandroo (Photographers)  Raman Awasthi, Suraj Wadhwa Tech team Business Office Chief executive officer Indranil Roy Publisher Vidya Menon Assistant Vice President Tushar Kanti Ghosh NATIONAL HEAD Santosh Nair SR. GEN MANAGER: Mohan Sahasranaman Digital Team Amit Mishra Sumit Srivastava Circulation & Subscriptions Raj Kumar Mitra, Anindya Banerjee Vinod Kumar (North), G Ramesh (South) Arun Kumar Jha (East) Shekhar Suvarna Production General Manager Shashank Dixit Chief Manager Shekhar Kumar Pandey Manager Sudha Sharma Deputy Manager Ganesh Sah Assistant Manager Gaurav Shrivas Accounts Assistant General Manager Diwan Singh Bisht Letters must be addressed to: The Editor, Outlook Money, AB-10, Safdarjung Enclave, New Delhi 110029, or [email protected]. Please mention your full name and residential address. 8 Outlook Money July 2018 www.outlookmoney.com company Secretary & law Officer Ankit Mangal