| Monday, 07 March 2022 |
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Good morning [%first_name |Dear Reader%],
The financial year is coming to an end. For many of us, this means it’s time for a last-minute scramble to make what tax-saving investments we can. This week, Anand writes why, despite what mutual fund ads would like you to believe, an ELSS isn’t a one-size-fits-all tax-saving solution.
But before we get to that, here’s a question. Have you ever used a buy-now-pay-later (BNPL) service before? Or perhaps you’ve used the postpaid feature offered by cab companies. If you have, Arundhati has news for you. You’re probably taking a ride you didn’t sign up for.
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If it walks like a loan and quacks like a loan…
Picture this.
You urgently need a cab. But you notice that you have a UPI payment pending from the last ride. And unless you make that payment immediately, you won’t be able to book your ride.
Now, maybe even UPI’s speed is no match for your instant need for a cab. Or maybe the bank servers aren’t very helpful right then.
