Burre Din for Retirees from Private Sector

This a like stab in the back “You too Brutus”.The senior citizens were living with the hope that the GOI will increase the rates but are shell shocked . The sincere advices ,prayers ,hopes on the present govt is dashed off.We must mobilise people lest it will be a fait accompli. more  

1. Money Financing while increasingly becoming a secured profitable source irrespective of Source nature/ consequent to marginal Wealth Concentrated , that has been gaining 8.5% to 9.5% in the market on House loans and House-hold; even beyond on Vehicles ; naturally resulting lower rate of interest on Savings and Deposits . Abnormal increase of wealth concentration naturally get diverted into such lending and even Assurance and Insurance which indeed to be set at CSR as well as control through article 39 {b and c} . 2. The lowest rate of interest from World Banks also standing as Government's alternate generation of temporary Funds which will help in lowering interest on Savings and Deposits of Citizen . 3. There is absolute need of the Government to think the issue of interest on Savings and Deposits to its public which other-wise will go for Gold, Land, Buildings . 4. Government is also to think on a separate Scheme for Make in India, Production in India and, infrastructure with a 10 years mandate and CALL FOR PUBLIC BONDS AT 10% interest at maturity , 7.5% after 5 years compulsory withdrawal , 8.5% after 8 years for withdrawal . Such Scheme not only befits the Citizen but also secures Funds for industrialism and infrastructure . 5. In fact, the Government since cannot guarantee assessment and realization of Income Tax on individuals, due to lapses in factual assessments, shall shift to Taxing on Wealth with fixing various Slabs since appropriation of Concentrated Wealth among the Society is already mandated under article 39 { b and, c } . [ I.T. on Companies, Firms, Businesses, Trades will continue ] If this is done, it becomes very easy to realize true Taxes from only those really Earn in excess of their natural requirement and those possess Assets of various nature starting from Land, Houses, Buildings/Complexes , Transport Vehicles , Cars , Bikes etc., AND , the Gold and Ornaments . THIS WILL JUSTIFY THE MINIMUM INCOME HOLDERS WHO STILL STRIVE FOR HOUSE RENT, EDUCATING THEIR CHILDREN, HEALTH AND CLOTHING . And, this will keep every Citizen happy and contended of prompt and justified Taxing by the Government . GST WILL CONTINUE WITH THE SET RETURNS that makes true and appropriate assessment of Goods Produced , and, the goods sold to end users that generate fair and correct Tax realization which later on be set for Citizen necessities . more