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Welcome to the club! In America, if you want to save money and earn money on your money, you don’t put it in a savings account. Does India credit unions? In America, we have credit unions and banks. I prefer credit unions. They don’t charge you a fee just for breathing!
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In any case, inflation has fallen to the lowest in years, while at the same time production is rising, something not many Indians seem to give thanks to the present government (India Reports Upbeat Inflation, Production Data).
This means the real interest rate is quite high in India (Real interest rates are still very high in India: Citi’s Pankaj Vaishlivemint.com). While world markets helped Modi in some sectors (like lower energy prices) it didn’t help in other areas (like worsening Greek crisis & poorer world economy) and the monsoon playing a spoilsport due to the el nino.
When the inflation is low, it is best to cut interest rates so that businesses could borrow better and grow the economy. Interest rate may be cut even before the next RBI policy meet: SMC Capital – The Economic Times.
Growth is induced by providing low cost finance to industry. If interest rates on loans are low, banks are compelled to reduce the rates on deposits, too, to maintain the profit margin.
Releasing too much low cost money in the system, increases inflation.
The RBI, thus, is always walking a tight rope between managing inflation and the targeted growth figures.
Investors need to look at alternative avenues of investment, but most of them, come at a certain amount of risk. The money that you cannot afford to lose, is best parked in FDs, even at a low interest rate.
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There are writing sites that do that even now. They test you and then reject you if they are not satisfied. I is irritating when they give you the reason that the site is only for a particular region of the world. They should first make that clear so that time is not wasted.
This is something that is already happening, just like beatwriter has said that would give you all the reason that they need certain people to work on some site, and even give you guidelines but the thing is they use other people from different countries to make something out of them to maintain their sites and and up not paying their users. I am very familiar with that and it is devastating to many users.