Here are few easy-ways-out to deal with crises and and attain a sense of financial security:

• Stay alarmed: do not sit back and wait for the consequences to torture you. Be on your feet all the time and understand the discrepancy in the market. Keep avail all the updates and new policies laid by the government from time to time. Find ways on how you can make beneficial approach at the time of downfall. This will help you to be decisive and prepared in advance for the possibilities of mishaps.
• Save: the most important step you take is save from the start. Save from the beginning as much as you can. You will bear the fruit of your savings at the time of such unfortunate times. You can save by taking advantages of discounts; invest at the time of boom period. Control usage of fuel consumption like petrol or electricity.
• Get rid of debt: before you arrive at the situation where you need maximum financial security, get rid of debt and live a peaceful life. Do minimum use of credit cards.
• Start budgeting: ensure you budget family expenses. Cut down over expenditures and start on smart expenses. This will help in focusing on areas where outgoing cash is not needed.
• Stay calm: do not panic at the time of crisis. It is a temporary situation and will shed off. Concentrate on solving the problem, rather than crying at it.

It is essential to note that every different field of industry has different dress code, that if followed ensures positive impression in the mind of customers, stakeholders, investors and seniors. Here are the guidelines to wear appropriate dress-code for all working in different kind of business industry.

• Banking & legal: This industry involves work where customer’s trust and lot of detailing is needed. You manage someone else’s money therefore strict attire is needed to display.Impeccable grooming is non-negotiable. Dark colored suits are recommended.
• Consulting and financial services: it is very important to stay competent. Your appearance should justify your client’s trust. Business formal attire is needed for this profession. Tie may not be important to wear. Wearing flashy or too polished clothes might work against you.
• IT industry: collared shirt with semi-formal pants can work right for your kind of profession. However, it is advisable to upgrade your attire at the time of client interactions.
• Property/Real estate: your dressing in this profession will depend on your clients. Ensure that dressing is not very formal. You client would want to relate to you.
• Hospitality/medical/manufacturing: uniform is the best dress code. But business casual is also acceptable in these industries.
• Advertising/media/PR: your personal touch and creativity is essential here. Business casuals with accessories will do you good. Again depending on your clients you can change your dressing sense and accessories.
• New-age/Internet: this is one industry where you can walk-in with anything. Your work atmosphere has a lot to do with your dressing style.

If you rent, you’ll just need contents cover, which will pay out in the event of fire, flood or theft and should reflect the value of your lost contents and belongings (if you’ve valued them correctly when arranging your insurance in the first place).

If you own your own home you’ll need buildings and contents cover in place.  Buildings insurance would pay out for damage or destruction to your bricks and mortar (and can also cover things like public liability – if someone slipped on your driveway and hurt themselves and sued you, for example).  Contents insurance covers whatever is inside the house (though some insurers exclude claims for certain things, and if you run a business from home without telling your insurer then you would not be covered for any work-related contents and may invalidate your whole policy).

Getting cheap home contents insurance is a matter of doing your research and taking steps to protect your property to get a lower home insurance premium.  The sort of things you can do to get cheap home contents insurance include having a good alarm system fitted and proper mortise deadlocks fitted to your doors and windows.  These will hopefully reduce the risk that someone will break into your home – giving you peace of mind and making it less likely that you’ll need to claim on your insurance policy (which the insurers recognise and give you a cheaper premium as a result).

You can also opt to take a higher policy excess to reduce your premium.  If you take a higher excess, you are less likely to make a claim even if doing so will put you out of pocket for rather more than the excess (for example, if you have a policy with an excess of £200 and need to make a claim for £250, you are unlikely to do so, since the claim will have an adverse effect on future years’ premiums and will only save you £50 on this claim).  The insurance companies know this and reduce your premiums accordingly.

If you are part of a Neighbourhood Watch scheme you may get a discount so it is always worth mentioning when renewing or taking out a new policy.

Check with any professional bodies to which you belong as to whether they are associated with any particular insurers, which may give you a discounted rate.  Similarly, if you are aged over 50 years, you may be able to get a discount with some companies.

If you smoke or drink, you are more at risk of suffering from a house fire than if you are a teetotal non-smoker and your premiums will reflect this.  Don’t lie, though – if you are found out (and you will be) then your policy will be invalid and won’t pay out at all.

Finally, buy your home insurance online and you will normally save 10% because the insurance company doesn’t have to pay call-centre staff to take your calls.  Shopping online will normally lead you to a cheaper policy anyway because it is so much easier to compare quotes.

The government has played its cards wisely as this move will bring investments in India and government will place huge procurements orders only with PCs manufactured in India.

The government has in fact advised global hardware makers to set up shop in India if they wish to secure government orders for PCs. The government orders will be worth thousands of crores of rupees.

This move has been welcomed by the manufacturing industry as we Indians have a tendency to buy imported products which reduces our foreign exchange reserves. Also this strategy of the government will help the hard ware makers in a big way.

In future the government apart from PCs may bring in other electronic products with security implications under this scheme.

This policy will generate employment in India and give a momentum to the industries connected with the manufacturing like logistics, engineering, real estate, and banking.

Mutual funds are a pool of funds collected by the bankers from the customers to invest in stocks and shares, debentures, bonds and make profits on these funds and pass on the profits and gains accrued to the customers in proportion to the investments made by them and for the services rendered to the customer. Different banks have a way of charging the customers.

Mutual funds are handled by highly qualified professionals in banking who have the ability and efficiency to decide where to invest the money collected from the customers and give them high returns on the investments made by them.

Mutual fund managers follow high ethics and code of conduct as they are trusted by their customers and have to ensure profits and safe guard their investments.

Mutual funds gives small investors to access to professional managers, as in systematic investment plan a customer can deposit small amounts regularly and that amount is wisely invested by the mutual funds managers. It is a disciplined way of investing as small investors cannot afford to invest large amounts as a lump sum.

Under the systemic withdrawal plan the investor can withdraw the amount at regular intervals and earn a regular income also.

Under automatic reinvestment plan- the investor is allowed to reinvest the profits and dividends earned by him in the same fund.

Under systematic plan the investor has the facility to transfer funds regularly from one fund to another.

Retail prices rose 9.7 percent last month as per the data released currently according to the new all India consumer price index that has higher weight for food items. The rise is sharper than the 8.3% inflation rate in February 2012.

Even as the wholesale price index has softened, inflation is measured by new series of consumer price index and indicates that the price pressures are still high at the retail level.

The banks also announced a repo rate cut for the first time in three years by 50 basis point to support growth.

Consumer prices are expected to remain high in the coming months and could reinforce inflationary expectations.

India needs to lower interest rates to push up the industrial growth which came in at 4.1 percent in February this year,However high inflation makes it hard for central bank for dropping rates sharply and experts expect at best one more rate cut for 2012.

Economists indicate that inflation in food prices remains a concern.

However few economists are of opinion that the delay in rate cuts policy has merits for the reasons that while the growth has decelerated, we believe that the traditional growth factors such as the index of industrial production have been understating the underlying trend in the economic activity. Even corporate revenues do not corroborate a sharp deceleration in growth and we believe that macro stability indicators also support a delay in rate cuts. Taking all these factors in to consideration it is felt that there should be a delay in rate cuts.

We would need to see an improvement in the macro environment before considering to stimulate the economy with rate cuts, and the positive way is to improve the macro environment by reversal in bad growth mix with 2 factors- GLOBAL AND LOCAL.

1. GLOBAL- A quick fall in the prices of fuel could reduce the stress on the current account deficit and inflation and an improved global capital market that would give a momentum to capital inflows and reduce funding risks.

2. LOCAL- on the domestic front an aggressive policy action is required to revive the private investment sentiment and a war footing reduction in government expenditure which will help to reduce the bad mix of growth.

However these factors have shown no signs of reversing in the near term and we might have to wait for little longer before the macro environment takes a positive turn and looks healthy.

Credit rating is a  method of scoring points to evaluate our credit ratings in case we wish to avail business loans, personal loans, home loans, auto loans, credit cards etc.

Different countries are governed by different credit rating laws and methods. The financial institutions and banks evaluate and check our credit ratings before they approve our loans.

The credit rating check in India is done by CIBIL. CIBIL means ‘Credit in banking India limited’. This is an organization which is a part of the Government of India and Reserve bank of India formed to check the credit worthiness of all borrowers to ensure the financial stability of the lenders, banks.

CIBIL checks the data of all borrowers, and gives them rating on the basis of their past credit card/ loans repayment history. Normally it is mandatory for the CIBIL ratings go above 750 points, only then does the person become eligible for loans.

The report of CIBIL is confidential and if leaked it may reveal financial details to unknown people who may take advantage of the same.

In these hard times of recession, job cuts, high rate of interest on must maintain a good credit rating as a defaulter is not eligible for any loans as all details will be reflected by our credit ratings.

It is essential to maintain a healthy credit rating by making all our loan, credit cards payments on time without any litigation.

Before availing of any loan we must carefully study and analyze our financial situation and our ability to pay on time as being a defaulter will bring down our credit ratings.

A good and healthy credit rating keeps us financially healthy and makes us feel good.

RBI or Reserve Bank of India also acts as the banker to those state governments that have entered into an agreement with it.

As a banker to the Government, the Reserve Bank receives and pays money on behalf of the various government departments. As it has offices in limited locations, the Reserve Bank appoints other banks to act as its agents for undertaking the banking business on behalf of the governments. The Reserve Bank pays agency banks charges to the banks for undertaking the government business on its behalf.

The Reserve Bank has well defined obligations and provides several services to the governments. The Central Government and the State Government may make rules for the receipt, custody and disbursement of money from the consolidated fund, contingency fund and public account. These rules are legally binding on the Reserve Bank.

The Reserve Bank also undertakes to float loans and manage them on behalf of the Governments, it also provides Ways and Means Advances to the Governments, to meet the temporary mismatches in their receipts and payments. Besides, it arranges for investments of surplus cash balances of the Governments as a portfolio manager. The Reserve Bank also acts as advisor to the Government, whenever called upon to do so, on monetary and banking related matters.

For many people becoming debt free can be as simple as getting a loan from the bank. This can help you take control of your debts by paying the various unsecured debts all off at once with a one off payment. Then all you have to do is pay back one payment a month to your bank on terms you are comfortable with. While loans may seem to be the perfect solution to becoming debt free it is important to note that loans are another form of debt and before taking one out it is important to consider your finances and how much you are able to pay first.

If a loan does not seem right for you, debt consolidation is another way to become debt free. With debts there are often different companies requesting different amounts of money each month. What debt consolidation does is simply combine all of your existing debts into one affordable monthly repayment which can often work out as a lower amount than you pay on the debts already.

If you are regularly becoming overdrawn and getting charges from your bank then you may want to consider debt management. This is a plan that ensures all your monthly commitments such as rent, utilities are budgeted and paid for allowing you to keep track of your regular outgoings.