I wish to draw the attention of thr finance ministry about people who have neither pension nor other facilities. As per the news paper reports this category consists of 78%of the senior citizens.
The people in the organised sector and Govt service have benefitted by way of enhanced pensions due to merger of increased DA with basic salary. The basic salary was getting revised due to the appointment T of pay commissions and revising the salaries and pension.
We in the non pension category right from 2000 have been facing decrease in our income due to reduction in interest rate on the Fixed deposit, which is our main source of income. Until our retirement our salary levels were also low compared to what the people in I T sectors & as well as Govt employees & organised sector employees were getti. G besides the medical benefits.
The interest on Fixed Deposit has gone down nearly4%.
I request the concerned to have a consideration towards this category at the fag end of their lifespan
KG R Rao