Bad news for small savers
Many requests have been made to keep Sr. citizen savings schemes for life time as they will not have any other source as many are retired middle class employees. They paid taxes during their services, without any return now. Govt. should consider on humanitarian grounds the following:
1. To continue the sr. citizen schemes for life and not to disturb rate of interest etc., detrimental to them.
2. Provide good medicare to all sr. citizens at reasonable cost, as most of them are earlier tax payers, as medicare became beyond reasonable cost and most of the sr. citizens require.
Requesting our circles to take a movement by articles and voting to make some move in authorities concerned. more
It appears that the said notification was issued by bureaucracy who does not like PM and BJP to influence voters in Bengal and Assam not to vote for BJP. This news of reduction in interest rates of small savings has appeared on front page of newspapers. more