Letter Published in Gulf News UAE on 11Sep 15 Bittersweet reality in India
The Gulf News story about India announcing major pension overhauls for army veterans left me with mixed feelings (‘Government accepts OROP scheme’, Gulf News, September 6). On one hand, I am very happy about the announcement made by the Indian government about the one rank, one pension system for the retired army personnel. On the other hand, this may aggravate inflation because now thousands of Indians have a healthy purchasing capacity because of the recent hikes in their pensions. Those people retired from the private sector who are depending on the meagre bank interest on their deposits are finding it difficult to make ends meet due to mounting inflation. The government should either take control of inflation or increase the bank interest for retired senior citizens. Will the government take up this call for the retired senior citizens who are also human beings?
From Mr K. Ragavan
Bengaluru, India
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