Earnings Savings Squeeze survey
Is a good reflection of reality
https://www.localcircles.com/a/press/page/household-earnings-survey
However RBI Governor says people are deploying savings in mutual funds and hence savings is reducing.
He has no idea 90% people of our country keep savings in cash gold and in rare cases property.
Earnings are reduced for many people including small business/traders.
If anyone has any views on this please share based on what you are seeing in your area/town. more
https://www.localcircles.com/a/press/page/household-earnings-survey
However RBI Governor says people are deploying savings in mutual funds and hence savings is reducing.
He has no idea 90% people of our country keep savings in cash gold and in rare cases property.
Earnings are reduced for many people including small business/traders.
If anyone has any views on this please share based on what you are seeing in your area/town. more
Viewed by 1986
View all 6 comments Below 6 comments
Mr. Umesh Kumar, Once tax collected under heading VAT again paying indirectly under the head of GST on finish product it goes very high as it is included of VAT + profit margins at every transactions, now in a low cost products like vegetable, food grains, minerals etc. which are basic materials goes high and that why labour charges are increased and it added cost of material, and it has no end, Now you write about allowances of employees all count in overhead expenses and that also affects in companies products. When the cost goes high every could not afford. more
1 h ago
It is unfortunate that common citizens are not given opportunities to put forward the realistic situation. more
2 h ago
Investment patterns have significantly changed due to availability of more avenues. One cannot really compare what existed 10 years ago with the scene today. More people are earning better, but their spends have also changed. The avenues to spend have also increased phenomenally. Considering the changes in tax incentives and avenues to earn more, invesment patterns are changing. The middle-class is squeezed the most as they are neither vote-banks not do they have any voice, the poor are probably in the same condition or worse off than they were. Many of the rich are having a ball of a time with the best of multiple worlds, with many migrating to other pastures as well. Cost of capital is high for small and medium scale business and they have has very little support. Other financial parameters like fraud, scams, default, bad loans, financial abuse has not changed enough to be excited about. more
3 h ago
govt policies making lower middle class to below proverty level . electrcity tarif increases prperty tax hiked to double in many states,medicine price increase govt is supporting them because electroral bond . mobile rates increased , govt done nothing to control. how saving will increase. more
Jul 21
May because GDP is linked with inflation .If inflation goes up so does GDP more
Jul 21
Inflation in basic product like food grains, vegetables, milk, transportation are very high so the purchasing power decline and it will affect to all markets, the rates of all commodity so high that now all the market will suffer deflation. Transportation cost at all transection added from manufacturer to end users and it is added with GST @ applicable on commodity, now the all state government collecting VAT @ 40% and again it is collected @ average rate of 20% GST so the collection tax is @ 50 to 60% on petroleum product end users is paying. Due to direct and indirect taxes collected these ways make government collection twice but after all it is paid by end users, salaries or income not increase, labor charges are increased all these make deflation in market and it never ends unless and until the tax on petroleum products are reduce by government. more
Jul 20
VAT@40% by all states is not true. Prices go up because os more demand limited supply. Demand also increases because government is so generous when it comes to DA and other allowances of they employees and subsidies for many. Our maids each has several mobile phones in their household. Our driver has Samsung inverter AC. All maids I know of have now refrigerators. How come if savings are going down? more
Jul 21
