Have Mercy on Sr Citizens
What do we want from Budget 2019…? Spare the senior citizens from inhuman considerations.
Most of today’s senior citizens did not have any Mediclaim for majority of their life during the service/job that they had worked with. Everyone had to plan for one’s own future.
Those who had worked with government or semi government departments/companies had two benefits over the rest. First was the assured monthly pension (which could go higher with implementation of some government policies) and likely advantage for medical/health check-ups and treatments even after the retirement.
Those who worked in the private sector knew that only if they carry out the investment in proper manner, that they can survive after getting retired.
Simple and easy investment was in the stock markets. With the prices and inflation rising day by day, prices most of the commodities too were rising. Evidently, the companies manufacturing and selling such products would have higher profits leading to not only distribution of higher dividends, but also their stock prices going up.
The LTCG (Long Term Capital Gain) was not taxed, and hence such investments could be liquidated if and when an urgency arose, mostly due to the health problem of the person or the spouse.
And now, from current Financial year onwards, the LTCG from stock markets is also subjected to Income Tax, if one needs to have larger sums for knee joint replacement or similar costly surgeries.
That is SICK.
Why is the government punishing the senior citizens, who had worked in private sector, had done proper planning for their retirement, and had invested their life time savings in various stocks? Why such persons are covered under the LTCG getting taxed?
At least for all the senior citizens, the LTCG MUST NOT BE TAXED UNDER THE INCOME LAWS.
Or else, it is a major injustice on the senior citizens of the country. more
Most of today’s senior citizens did not have any Mediclaim for majority of their life during the service/job that they had worked with. Everyone had to plan for one’s own future.
Those who had worked with government or semi government departments/companies had two benefits over the rest. First was the assured monthly pension (which could go higher with implementation of some government policies) and likely advantage for medical/health check-ups and treatments even after the retirement.
Those who worked in the private sector knew that only if they carry out the investment in proper manner, that they can survive after getting retired.
Simple and easy investment was in the stock markets. With the prices and inflation rising day by day, prices most of the commodities too were rising. Evidently, the companies manufacturing and selling such products would have higher profits leading to not only distribution of higher dividends, but also their stock prices going up.
The LTCG (Long Term Capital Gain) was not taxed, and hence such investments could be liquidated if and when an urgency arose, mostly due to the health problem of the person or the spouse.
And now, from current Financial year onwards, the LTCG from stock markets is also subjected to Income Tax, if one needs to have larger sums for knee joint replacement or similar costly surgeries.
That is SICK.
Why is the government punishing the senior citizens, who had worked in private sector, had done proper planning for their retirement, and had invested their life time savings in various stocks? Why such persons are covered under the LTCG getting taxed?
At least for all the senior citizens, the LTCG MUST NOT BE TAXED UNDER THE INCOME LAWS.
Or else, it is a major injustice on the senior citizens of the country. more
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Narayanan, It appears you are in imaginary world. No 'real' pensioner is in a position to afford 'loosing' the discount on rail tickets, with present inflation conditions. It is IRCTC laughing at pensioners asking them to drop the benefit. more
Dec 20
Dr. Rao: I am not in the virtual world. I only wrote what I know in our building. As I said it is optional. May be some of the pensioners saved wisely or inherited property. But most of the ones I know saved for the future when they started working. You should not generalize. The PM asked to give up gas subsidy and some did. The IRCTC has made an appeal. It is not mandatory.
The govt. has made some in roads with senior pension and some health scheme etc. it has to divide the pie among so many different requirements. The pieces of the pie may be small or big depending on the priorities. Now the farmers who feed us have a big problem.
If corruption is eliminated most of our problems will be solved. The big cheaters escape and the small ones get caught. Look how much money one spends on marriages, rich or poor. See how much food is wasted.
The people’ attitude must change. Govt. can not enforce these.
As long as we have corruption, black money, VIPs and VVIPs the country can not progress.
Black money pours into elections. The govt. has made it easier by Election Bonds where no one knows who is contributing to who and how much. Is this transparency. The Election commission has spoken against this. more
The govt. has made some in roads with senior pension and some health scheme etc. it has to divide the pie among so many different requirements. The pieces of the pie may be small or big depending on the priorities. Now the farmers who feed us have a big problem.
If corruption is eliminated most of our problems will be solved. The big cheaters escape and the small ones get caught. Look how much money one spends on marriages, rich or poor. See how much food is wasted.
The people’ attitude must change. Govt. can not enforce these.
As long as we have corruption, black money, VIPs and VVIPs the country can not progress.
Black money pours into elections. The govt. has made it easier by Election Bonds where no one knows who is contributing to who and how much. Is this transparency. The Election commission has spoken against this. more
Dec 20
Adding salt on the wound, IRCTC asks senior citizens whether they can forego senior citizen concession. An utter non sense. It needs to think humanely and do not joke like this. No senior citizen can afford loosing this concession. more
Dec 19
It is optional. There might be some senior citizens willing to give up concession. In our building a lot of senior citizens gave up gas subsidy a few years ago. Again it is optional. more
Dec 19
Non Pensioner Senior Citizens are finding it very difficult to survive in their Old Age.Firstly Age longevity , inflation and falling interest rates are really killing them.Also Medical expenses and Medical aids expenses are increasing year after year and goes high to sky rocketing during their post retirement years. Govt should seriously look in to the matter specially when announcing next budget. You can not kill senior citizens but Govt can implement strict population control like China and can reduce population over a period of time.This will also lessen Govt burden/liability. more
Dec 02
Population control has been preached for a long time without much success or the success we need to achieve. China is a dictatorship govt.
people need to buy Health Insurance. A recent survey said that only 15or 20% have any kind of Health insurance. This concept has not caught on yet in India. Give. can subsidize only so much. We as citizens also have to do our part. In most countries a part of the tax goes towards the insurance fund. This is collected during our working years. more
people need to buy Health Insurance. A recent survey said that only 15or 20% have any kind of Health insurance. This concept has not caught on yet in India. Give. can subsidize only so much. We as citizens also have to do our part. In most countries a part of the tax goes towards the insurance fund. This is collected during our working years. more
Dec 02
Sri prabal viswas,. In this colounm we bring forth the general conditions of majority Sr citizens,no t the special people's who had planned life like you. That is the reason to seek the help . more
Nov 27
Dear Mr Biswas,
We have also planned our life besides we keep busy ourselves with so many activities [ i.e. productivity- not sitting idle ] there are so many works besides tuition.
Do you mean we should not fight injustice meted out to we senior aged persons.
I strongly support Mr Mangesh Anokar.
U can visit my writings in this circle itself and then post yr suggestion more
We have also planned our life besides we keep busy ourselves with so many activities [ i.e. productivity- not sitting idle ] there are so many works besides tuition.
Do you mean we should not fight injustice meted out to we senior aged persons.
I strongly support Mr Mangesh Anokar.
U can visit my writings in this circle itself and then post yr suggestion more
Nov 27
Actually, the original message talks about the proper planning prior the retirement, which has totally been screwed up due to sudden changes in tax laws that had existed a decade earlier. Like the LTCG which was totally Income Tax Free is no more so.
Mr Prabal is sitting at a Hawa Mahal. Ten years later, when he finds his planning is screwed up due to changes then made by the government in Income Tax laws, he will wake up and join the band wagon. more
Mr Prabal is sitting at a Hawa Mahal. Ten years later, when he finds his planning is screwed up due to changes then made by the government in Income Tax laws, he will wake up and join the band wagon. more
Nov 27
You are right Sir. Please do take into account there are future generations after our lives. Sometimes we are more concerned about leaving behind some thing for our children at the cost of having coffee at the nearest CCD with your life partner. Enjoy life with what ever you have got with after all we grow older every second and we shorten our life with the same second. I have elevated blood sugar but I do not give up having 5 Jelebis every Sunday. Why should I? Its my life. more
Nov 27
Please don't be extravagant in life . Please don't compete with affluent neighbours . Tell your children not to force you to buy electronic stuff iPhones I pads etc. Try to lead a happy content life you will never feel Sr Citizen in your life. I turn 60 on 28th of December 2018. Much much junior than many of you . I intend to hang my boots at the age 75 unless I go under a bus or have a heart failure. Dear Sirs and Madams give tuitions at home you can be productive than many professors. Ultimately , we worked hard to find solutions and GOOGLE was not there. Have a great sunny day ahead. more
Nov 27
It is very true that we have moved away from the main issue. From my side I will never ask any government good, bad or ugly to have mercy on me. Thank you …………… I will enjoy my sunny day in my Hawa Mahal. more
Nov 27
Good advice. I give free tuitions to the underprivileged at home. I am 75. I was frugal , conservative and saved wisely. My children do the same now. I gave them good education and did not splurge. more
Nov 27
