Consumers would not like to change their current situation even when it is clearly beneficial for them and when it costs them nothing to make the change. It requires a big nudge for them to do what is obvious to you and me.
Those of you who have been putting off buying a house in the hope that interest rates may fall are probably disappointed that the Reserve Bank of India did not cut interest rates in the latest monetary policy.
I have dues of Rs 35 lakh including housing, car, personal and credit card loans. While I have been repaying regularly now, I am unable to save anything. I had missed paying personal and credit card loans for six months last year.