Sunday, 12 July 2015

A Comment on capping withdrawals from PF money for social security

My Comment on an article "Government plans to cap premature withdrawal of PF money at 75% of total amount" published in the Dated 11/07/2015 at 3 pm.

"Good decision by government to cap the withdrawals from Provident Fund deposits. 

People should learn to save something for future, either voluntarily or by compulsion. 

Spending out all earnings for present needs only is not a good habit. If you get habitual at spending now for satisfying all present needs, then from where will you get money in the future after your retirement or at any other occurrences? 

Practice austerity from now itself to be happy throughout your entire life."

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