Medical inflation poses a significant threat to retirement security, often underestimated in financial planning. Ajit Menon emphasizes the importance of early planning, adequate health cover, and disciplined investing to achieve financial freedom. He also suggests prioritizing health and purpose in retirement, advocating for a shift in mindset towards viewing it as ‘financial freedom’ rather than a cessation of work.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.