Politics, News,

Senior citizens aggrieved over Govt announcing revision of Interest Rates every three months,

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“achhey din aane wale hai” was the catchline of Narendra Modi three years back which was more of a conviction, a promise made to the public of this country and perhaps, this had worked ‘magic’ and electorates decided to vote Modi to power. He became the prime minister, but had anything really changed? Well, yes, it has but on a negative note. I am not going into all that here since we all know what has actually happened, and what has been part of ‘lip-service’.

Many had initially compliment the prime minister over his “demonetisation drive” but later realised that it was playing havoc on the lives of common people. On Friday, Finance Ministry has issued fresh diktat, that from now onwards there will be revision of interest rates every three months. This has put a section of people especially those who depend largely on this amount. On the other hand, various things are getting dearer either directly or indirectly.

During one of the television debate today, I was surprised to hear that financial experts are now suggesting rather recommending to invest money in mutual funds, shares and other volatile deposits rather than investigating in banks and post offices since these are already going overboard with investment. In this context, I would also like to mention various banks including State Bank of India (SBI) compelling customers to maintain a minimum balance ranging from Rs 3,000 to Rs 5,000. This is enough burden on many but this government is least interested. Many even mock Modi’s endless foreign trips which are being re-filled by tax-payers.

Finally, there is not much hope since this government which talks big about poor and underprivileged have hardly any consideration for the people. The worst affected are those who work in private sectors since there they don’t have the privilege of enjoying recommendations of pay commissions that to in retrospective effect…I will conclude with what I began, “achhey din aane wale hai” since the conviction is still in future tense and there is bleak chance of attaining this goal…

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One thought on “Senior citizens aggrieved over Govt announcing revision of Interest Rates every three months,

  1. Pingback: Senior citizens aggrieved over Govt announcing revision of Interest Rates every three months, | pallabghoshblog

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