Budget suggestions and FMs response

 

SATARK NAGRIK FOUNDATION ®

(Formerly Alert Citizens Forum of India)

A7/303, Saket CHSL, Thane West, Maharashtra, India 400601#8879528575

November 30, 2020

Sub: Suggestions for the Union Budget

Madam,

With reference to the above, we have to submit as under:

1. Request you to pay Interest on SCSS (Senior Citizen Savings Scheme) in all nationalised banks atleast @ 10 percent at par.  Currently it is paid 7.25 percent. 

Interest payable quarterly to be paid  monthly. 

2. Raise the limit from 15 lacs to 30 lacs. 

As senior citizens will be able to get Rs 25000 monthly interest peacefully and gracefully without depending on their children. Don't deduct tax on this income requesting to fill form 15 H etc. 

The period of investment should be for 15 years and not five years. 

As the span of life will not be more. Make a provision to this scheme that the interest rates should never be reduced but increased to fight inflation. 

3. No returns to be filed if your income less than five lacs for Senior Citizens. 

If income exceeds 5 lacs you may tax accordingly as they should not be affected by any political weather. 

4. Provide medicines to senior citizens on submission of Aadhar card, a flat 30 percent reduction in the cost of medicines across the country. 

Similarly all pathalogy checkups, treatments and operations if any. 

Specially dental has become very expensive. 

5. Mediclaim policy premiums are currently very very high and at an age when actually required, many senior citizens cannot afford it. Therefore, the medical insurance premiums paid may be reduced accordingly. 

After working for three to four decades, where no pension scheme was available, let us give our Senior Citizens some dignity to live a decent life. 

You will appreciate now a days parents have become a burden to the children and they leave them to fight their own battle. 

They are career minded and self centered. 

Senior Citizens are shy to share this fact as they still regard their children and which is their family culture not to give up their children at any cost how ever may be their sufferings.

Senior Citizens have elected your Govt. with a hope you will take care of them.

This is a humble request and hope good sense will prevail and you will implement as soon as possible to give a great relief to senior citizens.

Regards,

For Satark Nagrik Foundation ®,

Dayanand Nene            Amit Sawant

(Directors)

Mrs. Nirmala Sitharaman,

Hon. Finance Minister of India,

New Delhi.