Natural Justice to Non Pensionable Senior Citizens
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There are only few pensionable senior citizens in the country and they are adequately protected by government pension. Those who are non pensionable keep their hard earned money in bank and post office. They somehow manage with monthly or quarterly interest. But with decreasing interest rate (in the name of CPI or WPI or inflation) their income is gradually decreasing where as their expenditure is increasing. With negligible social security schemes for them they are under tremendous financial constraints. But on the other hand Dearness Allowance of employees and pensioners are increasing on similar inflation. The logic behind this is not at all clear.
Therefore there should be a separate interest rate for non pensionable senior citizens and it should be linked to similar treatment as done for DA in case of government employees and pensioners.
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