The situation is not as good. Bank interest rates on FDR and other saving instruments have declined substantially. Prices of vegetables, fruits & various other commodities keep sky rocketing . Taxes at every stage jacks up prices & is a severe burden on the consumer. Ultimately everything boils down to the end consumer. We all are consumersburdened & stressed. The GST rates must be substantially lowered and preferably to a single slab as recommended by the Kelkar committee. The manufacturers,farmers and the Governments at State & Centre must ensure no wastages,ensure austerity, judicious expenditures & reverse the trend of 15 paise reaching the bottom to 100 paise in effective usage for the growth,development of the country besides the happiness of it's people. Very close monitoring is required. Bribes excalate costs. Our P.M. 's excellent aim is to cut it to zero. Project costs need to be effectively & efficiently worked out. Time bound executions are important. Leakages need to be severely plugged. The countrymen too must rise up to realize Duties over Rights. Ever increasing wages in Government ,organized & unorganized sectors should also be a cause of concern & reversal. Today petroleum prices are too high. Past Governments put a cess on petrol & diesel that was for building roads & infrastructure.Consumer is already paying through the cess. What is the necessity of toll taxes in a huge nation of 130 crore people. The mismatches
Household savings falling to a 2 decade low, which will have an effect on economy. One cat after another is coming out of the Demo effect. Who killed the Goose that was laying Golden eggs?
Re: Household savings
by Truth Prevails on Nov 11, 2017 09:08 PM
Economy grows only whenbinterest rates are low. This is a universal truth, but some people can only see negativity
Nightmare to see how State of Economy move directionless even if far Honest intention then previous Governments.
With High price of FMCG , Retail goods including School Education , Medicine in parallel to Loss of Employment is making “Mid –income” families life awful.
Government should wake up from somber to get rid of Lethargic Bureaucrats to replace them “Talented Experienced Unemployed People” in 3 to 5 year Contract.
70% Indian , State Cadre Services must be immediately replaced with “Indian Contractual Administrative Service (ICAS)” instead of protecting them with Act of Parliament.
Twitter Slogans can not improve state of Hunger , Health and Education with age old Bureaucrats working backwards.
Nightmare to see how State of Economy move directionless even if far Honest intention then previous Governments. With High price of FMCG , Retail goods including School Education , Medicine in parallel to Loss of Employment is making “Mid –income” families life awful Government should wake up from somber to get rid of Lethargic Bureaucrats to replace them “Talented Experienced Unemployed People” in 3 to 5 year Contract. 70% Indian , State Cadre Services should be immediately replaced with “Indian Contractual Administrative Service (ICAS)” Twitter Slogans ca not improve state of Hunger , Health and Education with age old Bureaucrats working backwards.
it is obvious when Banks Interest rates have fallen more than 2%. Normally it is considered good for economy and business but presently hitting those Senior citizens who are not pensioners and depending upon only on their life savings' fix deposits.
Rediff carried an article which says that 2.2 crore cars are sold in india. Out of this 40% are first time car buyers. If there is a slowdown and lack of jobs and no money left after price increase then who are these 40% who have the money to buy new cars. Assuming the on road price of a Maruti Alto is 5 lakhs all inclusive. Assume that 70% is through bank loan- which means that person has income eligibility and even works in a profession which is eligible for bank loan then are things as bad as it seems?
Modiji, This wont do, Modiji. I am a great supporter of BJP and yourself. We know the two great things done-demon and GST. But Achha din nowhere in sight; no job growths; delayed salaries; factories limping or closing; prices no respite; no Projects. Shining India ? Give us some more time? How much, another 5 years? BJP is lucky it has a joker and discredited Congress in opposition. And WB/Kerala/Art370/Rohingyas/Assam...?Nothing done! Require another 5 years?
Re: LOWERING SAVINGS...
by paul theo on Nov 11, 2017 04:01 PM
WELL SAID, THE COMMON MAN IS SUFFERING , SO WHERE THEY CAN SAVE? ALL FOOD ITEMS RATES ARE HIGH, ORGANISED LOOTING GOING ON
Re: Small savings.
by paul theo on Nov 11, 2017 04:02 PM
THIS BJP GOVT IS MEANT FOR THE RICH AND FAMOUR, THE POOR MAN AND FARMERS ARE NOT ON THEIR RADAR.AND THE RSS IS MADE UP OF ALL UPPER CASTES, SO OTHERS DONT EXPECT ANYTHING AND WASTE YOUR TIME, JUST FEND FOR YOURSELVES
The main reason for decline in savings is age old rebate slabs. Salaries increased multifold during past 2 decades but the rebate for savings literally remained same. When there is incentive for savings, who will save in this era of very low interest rates??
Re: No Tax benifits
by mitesh on Nov 11, 2017 01:10 PM
Household saving falling by 2% courtsey this cheater /corrupt /communal /thug /liar /criminal /mafia & womeniser Modi.
Re: Re: No Tax benifits
by unbiased on Nov 11, 2017 01:35 PM
How long will you keep telling the same useless one liners. Please talk something sensible with proper reasoning. Rediff must block such blockheads.
Re: Re: Re: No Tax benifits
by ASHOK UPADHYAYA on Nov 11, 2017 02:01 PM
Many are suffering from Modi phobia... interest is also lowered on advances....NPAs are mounting.. people are small or big borrowers farmers are not repaying....Recovery procedure is slow n cumbersome.....
Re: Re: Re: No Tax benifits
by vaskas das on Nov 11, 2017 03:54 PM
i leart frm modi to not talk sensible...say like 15 lacs in bank account on being elected..
Re: Re: Re: Re: No Tax benifits
by paul theo on Nov 11, 2017 04:04 PM
JUMLA PARTY PROMISED RS 15 LAKHS, NOT EVEN 15 RS HAVE COME INTO ANY INDIANS ACCOUNT, INSTEAD, ALL TAXES HAVE BEEN INCREASED AND EFFORTS ARE ON TO EMPTY YOUR POCKETS BEFORE 2019
Re: Re: Re: Re: Re: No Tax benifits
by paul theo on Nov 11, 2017 04:05 PM
A MAN WHO HAS NEVER RUN A HOUSE HOLD , AND TRAVELS IN A MERCEDES,GIVES LECTURES EVERYDAY, WHICH ARE NOT RELEVENT TO MOST INDIANS
Re: Re: No Tax benifits
by rajanala ramakrishna on Nov 11, 2017 09:16 PM
Foolish. With lesser savings, people are spending / buying more, which is helping economy. With changing generations, the financial trends also change. The present generation believes in earn
