Today I have posted the following on the Facebook page of PM Narendra Modi and sent an email to FM Arun Jaitley. For information of all my friends.
Respected Prime Minister Shri Narendra Modi ji,
Respected Finance Minister Shri Arun Jaitely ji,
First of all I extend my sincere thanks in anticipation that you will spare a few minutes of your valuable time to read and take suitable action in the matter.
I am a senior citizen and on 01.08.2012, I put Rs 40 lakhs in a nationalized Bank for 5 years. I was being paid an amount of Rs. 35,352/- every month (of course subject to income tax) enabling me to lead a worry free life financially. Now on maturity I have reinvested the amount in the same Bank and I will be paid Rs. 26,489/-; a shortfall of Rs. 8863/- i.e. 25% over the previous return, per month. Can you please advise me from where I should make good the loss or sacrifice consumption of medicines or atta or dals or vegetables or fruit or milk or what?
Practically your government after taking over in 2014 has done nothing for senior citizens. No additional facilities extended but withdrawal of what existed in 2014. No commodity or provision item is available at the price of 2014. Yes, you have been able to bring down the figures of inflation and indices but not the actual prices. Every off and on the prices of some essential daily use items go rocket high like dals, chana/besan, salt, onion and now the tomatoes. At that time we cannot even dare see those items.
I know you have political and the theoretical replies for these issues like interest on deposits and advances in banks depend on demand and supply. The prices of daily use items vary with seasons being agricultural products. But the straight upward shoot of prices cannot be justified by these reasons. If the government wants to provide cheaper credits to the trades and industries, it should not be at the cost of depositors. Banks are sitting over volcanoes of NPAs and all good money is being diverted for bad money.
But is it not the duty of the government to enable the senior citizens to lead a respectable life who have spent their golden years in serving various organizations and finally the nation? Government cannot see the other way. I am at a loss to understand from where this deficit of 25% be met. Is any of the minister/MP/MLA is ready to cut his salary and allowances by this percentage? If not, then why the public especially the senior citizens?
Perhaps it is because that, like you, we do not have the power to fix our own salaries, allowances and perks and getting everything for full year, for sessions of total of 3 months and that too attending sessions at their sweet will. When the matter of increasing your salaries comes, you pass the same just in 2 minutes with no discussion, with all heads together be it from ruling or opposition benches. For this increase, you totally over look the cost to the exchequer, deficit, economics and any other factor.
The government had started a scheme for deposits of senior citizens and the rate was 9.20% but In July, 14 it was reduced to 8.3%; the amount limited to Rs 15 lakhs. This is totally unjustified. The rate should be a minimum of 12% and the amount limit should be equal to what a person gets as terminal benefits. The government should ensure financial respectability to the senior citizens to walk with their heads straight.
I am sure you will understand the plight of the people whose good part of expenses comes from the interest of their savings of life time.
Sorry if I have offended you in any way.
Thanks and Regards
D. P. Bhateja 2246 Sector 48C Chandigarh
Mobile : 9417819504
(Forwarded Msg)
Please forward to at least 200 ... this country is going to 🐕🐩🐈🐓🦃🦌🐪🐫🐘🦍
During past three years, during Modi's governance, citizen benefits/subsidies are curtailed or withdrawn, taxes increased, agriculture distressed and Modi & Jaitley combine proved themselves as takers never givers. Low oil price benefit for past three years was retained by central government, not passed on to consumer. Today, an MLA's lifestyle annual expenses are at least Rs.100 lakhs and MP's Rs. 10 crores. Their lifestyle is much more vulgar than erstwhile Nizam's. General election spending is mind boggling. A recent MP bye election spending was estimated at over Rs.500 crore and MLA bye election about Rs.200 crores. It is rumored that UP election campaign 2017 spearheaded by Modi costed nearly Rs.10,000 crores for BJP. Modi's 2014 PM election campaign, alone, is rumored to have costed over Rs.10,000 crores. All these are happening in Modi's India right under his nose and he lectures that he is fighting corruption. The anti corruption institutions like Lok Pal & Lok Ayuktha are in cold storage even after the Act was passed 4 years ago.
Respected Prime Minister Shri Narendra Modi ji,
Respected Finance Minister Shri Arun Jaitely ji,
First of all I extend my sincere thanks in anticipation that you will spare a few minutes of your valuable time to read and take suitable action in the matter.
I am a senior citizen and on 01.08.2012, I put Rs 40 lakhs in a nationalized Bank for 5 years. I was being paid an amount of Rs. 35,352/- every month (of course subject to income tax) enabling me to lead a worry free life financially. Now on maturity I have reinvested the amount in the same Bank and I will be paid Rs. 26,489/-; a shortfall of Rs. 8863/- i.e. 25% over the previous return, per month. Can you please advise me from where I should make good the loss or sacrifice consumption of medicines or atta or dals or vegetables or fruit or milk or what?
Practically your government after taking over in 2014 has done nothing for senior citizens. No additional facilities extended but withdrawal of what existed in 2014. No commodity or provision item is available at the price of 2014. Yes, you have been able to bring down the figures of inflation and indices but not the actual prices. Every off and on the prices of some essential daily use items go rocket high like dals, chana/besan, salt, onion and now the tomatoes. At that time we cannot even dare see those items.
I know you have political and the theoretical replies for these issues like interest on deposits and advances in banks depend on demand and supply. The prices of daily use items vary with seasons being agricultural products. But the straight upward shoot of prices cannot be justified by these reasons. If the government wants to provide cheaper credits to the trades and industries, it should not be at the cost of depositors. Banks are sitting over volcanoes of NPAs and all good money is being diverted for bad money.
But is it not the duty of the government to enable the senior citizens to lead a respectable life who have spent their golden years in serving various organizations and finally the nation? Government cannot see the other way. I am at a loss to understand from where this deficit of 25% be met. Is any of the minister/MP/MLA is ready to cut his salary and allowances by this percentage? If not, then why the public especially the senior citizens?
Perhaps it is because that, like you, we do not have the power to fix our own salaries, allowances and perks and getting everything for full year, for sessions of total of 3 months and that too attending sessions at their sweet will. When the matter of increasing your salaries comes, you pass the same just in 2 minutes with no discussion, with all heads together be it from ruling or opposition benches. For this increase, you totally over look the cost to the exchequer, deficit, economics and any other factor.
The government had started a scheme for deposits of senior citizens and the rate was 9.20% but In July, 14 it was reduced to 8.3%; the amount limited to Rs 15 lakhs. This is totally unjustified. The rate should be a minimum of 12% and the amount limit should be equal to what a person gets as terminal benefits. The government should ensure financial respectability to the senior citizens to walk with their heads straight.
I am sure you will understand the plight of the people whose good part of expenses comes from the interest of their savings of life time.
Sorry if I have offended you in any way.
Thanks and Regards
D. P. Bhateja 2246 Sector 48C Chandigarh
Mobile : 9417819504
(Forwarded Msg)
Please forward to at least 200 ... this country is going to 🐕🐩🐈🐓🦃🦌🐪🐫🐘🦍
During past three years, during Modi's governance, citizen benefits/subsidies are curtailed or withdrawn, taxes increased, agriculture distressed and Modi & Jaitley combine proved themselves as takers never givers. Low oil price benefit for past three years was retained by central government, not passed on to consumer. Today, an MLA's lifestyle annual expenses are at least Rs.100 lakhs and MP's Rs. 10 crores. Their lifestyle is much more vulgar than erstwhile Nizam's. General election spending is mind boggling. A recent MP bye election spending was estimated at over Rs.500 crore and MLA bye election about Rs.200 crores. It is rumored that UP election campaign 2017 spearheaded by Modi costed nearly Rs.10,000 crores for BJP. Modi's 2014 PM election campaign, alone, is rumored to have costed over Rs.10,000 crores. All these are happening in Modi's India right under his nose and he lectures that he is fighting corruption. The anti corruption institutions like Lok Pal & Lok Ayuktha are in cold storage even after the Act was passed 4 years ago.
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