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Game plan to deal with job loss

Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase

Game plan to deal with job loss

While low crude oil prices have been widely hailed as a positive for the Indian economy, many individuals and families associated with the oil industry, either in West Asia or in India, have been adversely affected. The downturn in the industry is reflected in the slowing of remittances from Gulf-based Non-Resident Indians (NRIs) in the recent past. While some individuals have already lost their jobs, many others are on the verge of losing it unless oil prices recover. Such individuals need a concrete plan to deal with the risks their finances are exposed to. Communicate ...