Make Parties liable for Poll Promises: CJI
PM Shri Narendra Modi is requested to revisit promises made in Election Manifesto - 2014 by BJP and fulfill them without any delay. The extract from Manifesto for Senior Citizens is reproduced below:
"BJP will provide financial support, exploring ideas like additional tax benefits and higher interest rates"
But the reality is that NDA Government has reduced the rate of interest from 9.3% to 8.4% for Senior Citizens Savings Scheme 2004 (SCSS) with effect from 1st April 2017, instead of increasing it to 10% as per Petition submitted.
It may be mentioned here that SCSS 2004 was started by UPA Government in 2004 at 9% interest to provide a regular income stream to Senior Citizens and had increased the rate to 9.3% in April 2015 after 11 years. The rate of interest is supposed to go up only to take care of rising prices.
We request PM to increase the interest rate to 10% for Senior Citizens Savings Scheme 2004 with immediate effect as promised in BJP's 2014 Election Manifesto. more