Bad news for small savers

Rates on small savings schemes reduced by 50-90 basis points. PPF in April-June quarter to earn you only 6.4% interest against 7.1% earlier. Senior Citizens Savings Scheme to earn on 6.5% now compared to 7.4% earlier more  

View all 19 comments Below 19 comments
Loans either waived off or written off ,comes out of hard earning of middle class of poor class .This loan waive off process is much serious than small amount offered to poor or middle class. After all lot of deserving return which middle class get is just yip in iceberg. But huge loans either defaulted ,waived off or written off ,is nothing but curtail the benefits of needy or deserving and spent on corporates . more  
When you want to come in Power, You promise a lot of things. But over the period, what is Good to get a Vote, you implement them and what not Good to get a Vote, You forget them. They do not think that it is Tax Payers Money and it can not be used for your votes. Who will take Care of the people who have paid all taxes through out their carrier and at the fag end they only become beggar before the same Govt. more  
Opinion of Shriver rv vadara ji more  
Free bees for middle class or poor supposed to be liabilities What about loans waive off or loans written off for high corporates group. Yadav ji Give yr opnion more  
It is not the super majority or the weak Opposition. It is we who have not exercised our views properly. This is all due to the Politician to capture the chair distribute free bees in our tax payment. Why we are permitting these free bees. The out come and the brunt has to be faced by all. Even the Present PM was against all free bees but when he took oath he has become the real leader in distributing all free so the Public should form some union of all Tax payers and question the Parties of their announcements on free bees. The court and the Election commission is silent on this so we have to get reduced to Interest rate. more  
I had already mention this chain that remember when you cast your vote who you are voting for and why. But the large majority of voters are easily swayed. Tax payers and public money is squandered. The vote bank is appeased by freebies and high net worth industrialists are given tax breaks and other perks. We in the middle are screwed .
Oops did I use the word screwed , it is an oversight. more  
Post a Comment

Related Posts

    • Unfair practice by IT Deptt,

      I had filed my income tax return for the assessment year 2021-22 under section 139(1) i.e., filed on or before the due date, and claimed the refund of Rs. 5000 plus. The same was acknowledged by th...

      By Indu Bhushan Bhargava
    • Income Tax Refund Delay

      I am a senior citizen and filed my return on the 18th Oct but till date (23rd Dec) I have not recd my refund. I have called their Helpline no also many times. They say they will lodge my complaint ...

      By Neeru Sood
    • Senior Citizens retirement plans going for a toss

      For bank fixed deposits in India: 2016: 9.3% interest 2019: 8% interest 2021: 5.5% interest Senior citizens retirement plans must be under water unless they did enough ...

      By Aditi Jain
    • New Income Tax Portal System

      God news. A lot of time has been vested. In the Court, it may be advised that any future such new thing must be tested in all respect and by all stakeholders, before the due date I.e. 31/03 in this...

      By Hasmukh Sangani
    • Why income details must be given to broker

      Always wondered, why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this...

      By Aditi Jain
    • Bad news for small savers

      There won't be any cut in interest rate of Small savings schemes . Yesterday's decision to lower the interest rate is REVERSED

      By Jayanti Natarajan
    • Secured earning for Senior Citizens

      I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Se...

      By SN Sitaram
    • Rounding off the amount in Bills

      Request guidance as to which is the appropriate circle & authority to whom i can complain regarding the below mentioned issue: Lately with many of my relatives and friends staying in Gurga...

      By Manas Hazarika
    • Great news for seniors

      Senior Citizens (above 75 years) who get pension and interest income only are exempted from filing returns

      By Azam Yusuf
    • The Govt salutes honest and compliant tax payers

      Recently our CBDT isued a press release saying it cannot punish compliant and honest tax payer by extending various due dates for the assessee who are dishonest, lazy and non compliant and our secu...

Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)