Interest Earnings of Senior Citizens Reduced?
85,000 crore bonanza for 1 cr central govt staff & Pensioners. Pay Hike Gets Nod
The 7th Pay Commission headed by retired Justice A K Mathur had recommended a 23.55% increase in pay and allowances and a 24% rise in Pensions for all central government employees. Finance minister Arun Jaitley on Wednesday said the recommendations of the Seventh Pay Commission would be implemented with effect from January 1, 2016, and the arrears would also be paid in this year.
It is surprising that Government is only taking care of its Pensioners and not only ignoring the welfare of Senior Citizens who do not get Government Pension, but punishing them by reducing the interest rates on Senior Citizens Savings Scheme and Term Deposits rates in Banks. Even PPF and PF accounts are not spared by Finance minister to cause more damage to 10 Crore Senior Citizens and all Salaried employees in private sector.
Is this the meaning of Mera Desh Badal Raha Hai. Is this the way Government is rewarding Senior Citizens who paid their Income Tax regularly? Are these the Achhe Din promised by PM? FM is bent upon bringing Burre Din for Senior Citizens. more
The 7th Pay Commission headed by retired Justice A K Mathur had recommended a 23.55% increase in pay and allowances and a 24% rise in Pensions for all central government employees. Finance minister Arun Jaitley on Wednesday said the recommendations of the Seventh Pay Commission would be implemented with effect from January 1, 2016, and the arrears would also be paid in this year.
It is surprising that Government is only taking care of its Pensioners and not only ignoring the welfare of Senior Citizens who do not get Government Pension, but punishing them by reducing the interest rates on Senior Citizens Savings Scheme and Term Deposits rates in Banks. Even PPF and PF accounts are not spared by Finance minister to cause more damage to 10 Crore Senior Citizens and all Salaried employees in private sector.
Is this the meaning of Mera Desh Badal Raha Hai. Is this the way Government is rewarding Senior Citizens who paid their Income Tax regularly? Are these the Achhe Din promised by PM? FM is bent upon bringing Burre Din for Senior Citizens. more
Viewed by 21
To be fair the interest on PPF which is main source of senior citizens shall be at least 9% p.a. more
Jul 01
Dear Modiji, Make strict rules for no working govt. employees who do not perform their duty well and without corruption. more
Jul 01
When many of the metro rail projects and central government projects are pending in many states, the state which was divided 10 years back is still waiting for the fund allocation, at the same time Andhra newly created state also needs a reasonable amount for its state capital so utilizing the bonanza might also give return is invested in metro rail project. At the same time the amount utilized for central government employees if gives return in the concern sector through the employee work, and the fund allocate can sustain for years then the pay commission can be acceptable. The bonanza is just for this year?? or it would increase, if so then why government take initiative to reduce the service tax imposed in every product. more
Jul 01
Senior citizens who had once been public sector employees, bereft of pension, depend mainly on the interest earned from their FDs. The interest is now at a pathetic rate of 8.25%. Will the finance minister look in to this genuine grievance of senior citizens? more
Jun 30
