increase in cost of living, decrease of value of rupee. And bearing of cost of administration of banks , and bad unrecoverable depth every thing falls on common man,speciallly senior citizens.. Although senior citizens are supposed to get some rebate in income tax, but NRI are deprived of that too . Although the kids to take care of elders pay through. The nose the pentimento is further deescalates due to international Convention value of Indian currency. Will some economic experts present it effectively . Our concern is not additional perks others are. Enjoying, but at least we should not be deprived of what we should get. FDR is another giant which gobbles our savings.
>From my group Indian ordnance factories pensioners association Yesterday. For reading realization and action as fit Open letter to PM office with advance respect 💥 I am a senior citizen and on 01.08.2012, I deposited ₹ 40 lakh rupees in a nationalized bank for 5 years. 👉🏻 me ₹ 35,352. 00 was being paid every month (under income tax of course) the amount that enabled me to live a financially worry free life. Now on maturity I have reinvested the amount in the same bank and now me ₹ 20,833. 00 (₹ 14,519. Lack of 00) Which was paid by 40 % per month on previous returns. Can you advise me why I should suffer losses or stop consuming medicines, flour, pulses, vegetables, fruits, milk? The government has done nothing for the senior citizens after taking over power in 2014 No additional facilities have been extended. But took back what existed in 2014 No goods or provision tax available at the price of 2014 Yes, you've been able to bring in inflation and index figures, but not at actual prices. There are some essential daily use items such as lentils, chickpeas / besan, salt, onions and now tomatoes etc, we can't even dare to look at these items at the moment. ......... 😨 I know you have political and theoretical answers to these issues like deposits in banks and advance depends on interest demand and supply. Prices of daily use commodities keep changing as agricultural products are seasoned. But the rapid rise of prices straight upward, cannot be justified for these reasons. 👉🏻 If the government wants to provide cheap credit to business and industries, it should not be at the cost of depositors. 👉🏻 Banks * are sitting on NPA volcanoes and all good money being diverted to bad money. 👉🏻 But isn't it the duty of government to enable senior citizens to live dignified lives who have spent their golden years serving various organizations and after all the country? Can't the government look the other way? I'm at a loss to understand, how to meet this 40 % deficit. 👉🏻 Any Minister / MP / MLA willing to cut their salary and allowances from this percentage? , if not then why public especially senior citizens? Maybe it's because, like you we don't have the power to fix our own pay, allowances and perks and get everything for the whole year, for a total of 3 months sessions and that too these sessions It is up to your will to participate. When it comes to increasing your salary, you pass without any discussion in one or 2 minutes, while all the chiefs are simultaneously from the ruling or opposition bench. For this increase, you completely see the cost of fiscal, deficit, economics and any other factor. Earlier the government had launched a plan for senior citizen s' deposits and the rate was 9.20 but in July, it was reduced to 8.3 decreased to 7.4 % in May 2020 Gone. Also, the maximum limit of deposit has been limited to Rs 15 lakh only. This is totally unfair. The rate should be minimum 12 and the amount limit should be equal to terminal benefits to a person. Government should ensure financial respect to senior citizens. I'm sure you'll understand the plight of those whose good portion of spending comes from the interest of their lifetime savings. I'm sorry if I offended you in any way. Thank you and regards - All Senior Citizen Members 💥👉🏻 Please forward to at least 200 Sent from my iPhone -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/7FEA243F-604F-4366-AC14-4F723E7AC94E%40gmail.com.
