You gasped on hearing that Reliance Industries Limited has slashed the salary of its employees. You feel this will have all companies, including yours, to follow suit, for they will think India's numero uno business house must know the strategy of surviving the Coronavirus-induced lockdown and its aftermath. Soon, EMI, the abbreviation of equated monthly instalment, would swim before your eyes, just the way your head would when your solar plexus was socked in high school.

You binged on loans to own at the same time the house you live in, the four-wheeler you drive around, and the latest model of mobile phones and laptops your family members use. These are yours as long as you pay the EMIs, which you committed to because you assumed your income will rise every year. On hearing about Reliance's decision, you totted up your EMIs to figure out at what percentage cut in your salary you would not fail to pay them. You decided to reduce certain types of expenditure, such as not dining out as frequently as you did.