Amid the Hormuz Crisis, India has moved into high alert mode over rising global oil supply fears linked to escalating tensions in West Asia and the Strait of Hormuz crisis. Rajnath Singh chaired a high-level emergency review meeting as the government assessed the impact of soaring crude prices and potential disruptions to global fuel supply chains. The Centre has assured citizens that India currently holds 60 days of crude oil and natural gas reserves along with 45 days of LPG stock, urging people not to panic buy fuel. Meanwhile, Narendra Modi appealed to citizens to conserve petrol and diesel as oil marketing companies reportedly absorb losses of nearly ₹1,000 crore every day due to rising global crude prices.

At one point of time, 60 years was the base retirement age. But times have changed now and youngsters want to retire by their 30’s. FIRE method has emerged as a very famous tool to achieve that. Choose FIRE to RETIRE! This has been the mantra given by many finance gurus when it comes to early retirement. But will this really work for you? In this episode of Money Matters, SEBI Registered financial advisor Kalpesh Ashar in conversation with Katyayani Kapoor breaks the myth of the FIRE strategy and where it is flawed when it comes to retirement planning. Take a look.