Monday, February 17, 2020

Letter Published in Gulf News UAE On 11Feb 20

What about the senior citizens of India?

This is in reference to the recent Indian Budget delivered by the Indian Finance Minister Nirmala Sitaram on February 1. On one hand, I applaud the Bengaluru suburban rail project, which Sitaram mentioned in the budget. However, on the other hand, this year’s budget and taxes also neglected senior citizens and non-pensioners of the country who are getting meagre bank deposit interest to meet their needs. I think this is sad. The bank deposit interest rate is not correlated to the normal expenditure of interest rate. The government should reconsider this in light with the current inflation. Will the ministry rethink this important issue?
From Mr K. Ragavan
Bengaluru, India

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