Govt , recently made a significant reduction in the interest rates of Small Savings including Senior Citizens Saving Schemes, Post Office schemes, and PPF. Economists and Finance Dept would be too happy about this daring action. But.....
Some intellectuals have brought out the fact that such cuts are cruel to the Senior Citizens. The income security of the Senior Citizens are seriously affected. They suggested ways to find solutions to this unkind act by the Govt. They say, the rates for senior citizens should be protected. They also remind the Govt of the electoral power of the Seniors ( and it's increasing ! )
Some intellectuals have brought out the fact that such cuts are cruel to the Senior Citizens. The income security of the Senior Citizens are seriously affected. They suggested ways to find solutions to this unkind act by the Govt. They say, the rates for senior citizens should be protected. They also remind the Govt of the electoral power of the Seniors ( and it's increasing ! )
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