Bank depositors should be protected against inflation, demands AIBDA - Moneylife

Bank depositors should be protected against inflation, demands AIBDA - Moneylife

Inflation needs to be brought under control and savers should get reasonable return(net of inflation) on their investments. Insulating bank deposits alone is not practical, as bank interest rates depend on several factors including banks’ own income from deployment of funds and profitability, as banks too are doing a business. But, so long as government is not able to ensure reasonable return on savings invested as bank deposits through policy interventions, the minimum that is expected of government is that savers are not further burdened through tax on interest earned.

Comments

Post a Comment

Popular posts from this blog

A prayer which Prime Minister Narendra Modi may kindly grant!

http://wap.business-standard. com/article/opinion/heed-the- pension-prayer-117110500774_1. html A PRAYER TO PRIME MINISTER The wish expressed on page 211 of his book "I Do What I Do" need to be taken cognizance of, by PMO as Rajan feels "GOI should do the right thing" If Rajan is wrong, time to place the correct information in public domain. M G Warrier Thiruvananthapuram
Read more

NAVAGRAHA STOTRAM

NAVAGRAHA STOTRAM* According to astrology, the positions of the nine planets in the twelve constellations of the zodiac and their movements are considered to be quite significant. The nine planets ‘Navagraha’ affect every aspect of human life. They play an important role in the activities, physical and mental health and life of any individual. The unfavorable positioning of any of these planets can be the cause of problems, bad health, and stagnation for many people. However, there is a solution to avoid the ill effects of the position and movement of the ‘Navagraha’ in our lives. Navagraha mantras (or stotram) are simple mantras which work as powerful healing tools to reduce the negative effects of any of the nine planets. These mantras are Hindu holy hymn addressing the nine planets. Benefits Of Navagraha Stotram And The Way to Practice The Navagraha Stotram is written b y Rishi Vyasa and is considered to be the peace mantra for the nine planets. They are powerful m...
Read more

The King of Ragas: Sankarabharanam

                       The King of Ragas                      --------------------------     Long ago  serpents were put to lot of hardships.They  were afraid of other animals. They had to seek refuge in the hermitage of sage Saraba.The sage was a true devotee of Lord Shiva.He used to pray Shiva with melodious songs. As he sang a particular raga the snakes were much inspired and they began to dance,. Slowly the serpents became friendly with the sage. They brought water in their mouths for the pooja.They secreted  a special fluid in which the flowers got stuck to their bodies.The sage was much astonished by the service of the snakes.As the sarpas became very close to the sage ,they requested him to help having Darsan of Lord Siva. As requested by the sage Shiva appeared in the form of  a  Kapalika and stayed in the ashram.The...
Read more