INTEREST FOR SMALL SAVINGS

The Centre must subsidise small savings interest income for pensioners. Small savings schemes are the lifeline of senior citizens. With consolidated pension in most sectors, retirees are dependent on the returns from their terminal benefits, invested mostly in small savings. With the escalating price index, their planning will go haywire and dependence on the government will go up. Household savings form a major portion of capital formation unlike in the West. SC Dhall, Zirakpur