retirement woes
A number of indians work in private companies and public limited companies respectfully till their retirement. But on their retirement the company pays a lumpsum and bids a fare well. Many of these persons are not having high education and donot know how to plan their retirement. They are also donot have good amount of savings, as many live hand to mouth on account of less salaries, high inflation and many customs in their houses, where they have to spend more.
On receipt of the retirement benefits they either spend on purchase of some immovable property or keep in the Banks as fixed deposit,as almost 90% donot know how to invest in stock markets or any other mode whereby they can earn more.
Over the past many years the experience is that the prices of essential food items raise exhorbitantly while the rates of interest on deposits are coming down.Added to the above there is deduction of tax on interest on deposits. In the result these persons who lived respectfully, earlier are finding it difficult to live peacefully. Added to this they donot have any back up for their medical requirements. No one in the government is thinking about these people.
I request this group to think about and find some ways for these people to die peacefully. I know pathetic conditions of some people who are my relatives also. The government can in the minimum think of paying a fair rate of interest on the deposits of these people without tax deduction,(many of these retired people donot know about the tax laws at all) Kindly think on these issues please more
On receipt of the retirement benefits they either spend on purchase of some immovable property or keep in the Banks as fixed deposit,as almost 90% donot know how to invest in stock markets or any other mode whereby they can earn more.
Over the past many years the experience is that the prices of essential food items raise exhorbitantly while the rates of interest on deposits are coming down.Added to the above there is deduction of tax on interest on deposits. In the result these persons who lived respectfully, earlier are finding it difficult to live peacefully. Added to this they donot have any back up for their medical requirements. No one in the government is thinking about these people.
I request this group to think about and find some ways for these people to die peacefully. I know pathetic conditions of some people who are my relatives also. The government can in the minimum think of paying a fair rate of interest on the deposits of these people without tax deduction,(many of these retired people donot know about the tax laws at all) Kindly think on these issues please more
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No use sir, no one is there to think about these people. All political parties need votes,so they are ready to write off loans taken by farmers and big industrial ists.Again they will think of caste based reservations and minorities. There is no one who think about a person who had toiled for about say 25to30years for the society and don't know how to live his balance of life.For him the re is no scope to die peacefully.Why I am writing like this is about 3 years ago I have pleased for this issue in this forum .No one at least tried to support me. more
May 31
Government always discriminates between Government and Other Employees for ex. Payment of Gratuity Act. Take the case of Pension to Government and Non-Government employees. Government Employees are organised and they can paralyse the Government working. Other employees are nor organised and they don't have much bargaining power. more
May 31
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May 31
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May 31
Why you say that government is not doing any thing to private employers. I feel that private employees especially in IT companies are drawing much better salary than government employment. Further you can demand more and also fix the number of years service failing which good benefit on retrenchment in the agreement. I hope the government is studying with regard to the service protection of the employees in the private /IT sector by suitable amendment bills related to this. more
Nov 27
