Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1080 Fri. June 15, 2007  
   
Letters to Editor


Budget 2007-08


The recently announced budget is acclaimed by the people in general and us, the retired government servants. But owing to the raising of the ambit of income tax collection we, the retired government servants, are likely to be very seriously affected.

And the problem prompts us to bring it to the notice of the government. It is widely known that nowadays a retired person has to prefer monthly pension to surrendering value of the same. It is easily understandable that a monthly pension cannot provide the bare necessities of a retired government servant. A retired government servant keeps the entire amount received through the surrender value of pension with the National Savings Bureau on 3/5 year terms. The interest received out of it keeps his family going in a not very comfortable manner.

When such is the pecuniary condition of a retired person, the proposed imposition of 10% tax will simply slay the slain. At the fag end of life a government servant is super-annuated and in recognition of his service the government sanctions pension benefit to him as a reward and for survival during the rest of his life. The amount sanctioned as such by the government cannot be called an income in true sense of the term. This is a benefit granted by the government out of sympathy for a dying man. The present sky-high living costs have hit the retired persons like anything. So, the proposed 10% cut from the pension benefit of the retired persons will create insurmountable problems for them.

Our country now witnesses galloping inflation. The present caretaker government has saved the country from a serious chaotic situation. We appeal to this benevolent government to reconsider the matter so that the retired government servants can survive.

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