Monday, 11 July 2016

A Comment on FM lamenting at higher interest rates provided by Banks on savings schemes

My Comment on an article "Finance Minister Arun Jaitley questions high-interest rates on savings" published in the Dated 10/07/2016 at 12:50 pm.

"There is no doubt that progress of our economy as a whole is more important. 

But lending should consider it a top priority to provide assistance to small businesses and middle class/ poorer sections of the economy at reasonable rates. 

Other institutions and industries earning huge profits can be charged at higher interest rates. You can procure funds through these means and through the proper collection of Taxes that are being evaded by many people."

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