Letter.

Letter Published in Gulf News UAE on 15Oct 19

Indian finance

On the one hand, I applaud the action taken by the Reserve Bank of India to develop economic growth from five per cent and reduced the lending rate interest (“$63 billion of zombie buildings sound warning for Indian banks”, Gulf News, October 6). On the other hand the deposit rates for senior Indian citizens continue to go low, and this is sad. Senior citizens who are non-pensioners and fully dependent on their deposit interest rates are the major sufferers. Citizens who also contributed in private sectors are neglected and this is sad. Will the Indian government take up this important call?

From Mr K. Ragavan

Bengaluru, India