Dear Shri YM,
You have been rightly pointing out the dwindling real value of Fixed Deposits and the Interest on them. It is more true especially for the second category of retirees who do not have the support of the Govt. to compensate the inflation vis-vis the CPI/ WCPI. The comments made by some reflect the proverbial epithet of '' People sitting in glass houses........".
Your crusade is logical, genuine and will have the support of millions of retirees in the second category.
It is a question of how to take forward the issue to the logical end and to the right level ie the law makers and the Govt.
Regards,
DVN Raju
On Thursday, 30 June 2016 5:15 AM, "yeddanapudi m yeddanapudim@yahoo.co.in [worldmalayaliclub]" <worldmalayaliclub@yahoogroups.com> wrote:
Pension-vs.-Fake Income
Among the various retirees, living in various circumstances or situations, I am now writing about two types of retirees,1)those who get pension whose real value is protected by DA and also periodic increases in scales etc and 2)those that depend on the taxable fake income called interest on the vanishing asset called the fixed deposit in banks. A queer thing that happened now is, even the very mention of the phrase 'fake income' is avoided or banished as though it is some term of obscenity. I am also made into a queer because as derisively put, I am writing too many posts on this pet topic of mine, a pet topic that deals with the living base of millions of retirees, on FAKE INCOME BASED ON A VANISHING ASSET.
One thinker whose posts by the dozen appear in various forums has given a brief and small write up advising that my mails be ignored! But he has not soiled his writing by even sending one post analyzing this subject, the life line of millions of retirees. His only advice is avoid the topic and also me the dreg that continuously writes about this topic. His sage advice is to close your eyes; ears may be even the nose to avoid smell (poor people give unpleasant smell) of the topic that represents the base of living of millions of retirees!
BECOME THE PROVERBIAL MONKEY.
One great man, he says that he is a CA and CPA writes to my Face-Book that I am writing shit.
The topic to him is shit.
YM
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Posted by: datla raju <daatlaraju@yahoo.com>
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