A Comment on rethinking of the lending system by Banks

My Comment on an article "Time for rethink! Here's why PPF, Small savings rates cut a good move for Banks" published in the economictimes.com Dated 20/03/2016 at 10:30 pm.


"Yes, definitely it is time for rethink by banks and financial institutions.

There should be a preferential lending rate according to the type of loans offered by banks. 

Housing loans should be cheaper as shelter is the most important necessity of human being. Educational loans and agricultural loans should also be offered at cheap rates. 

But many other loans like credit cards, personal loans,financial loans to businesses can be made expensive in most cases. Banks can fill their deficits in this way.

Banks should review their lending system and be more friendly towards common man than business people and rich class people."

A comment on PPF and NPS rate cuts

My Comment on an article "Finance Minister Arun Jaitley defends PPF rate cut, attacks Congress" published in economictimes.com Dated 20/03/2016 at 10:10 pm.

"It may be reasonable from economic point of view. 

But, government could have shown some generosity by maintaining the rates of interest intact on PPF and NPS schemes. Actually, it needs to be raised according to the rate of inflation and not to be decreased at any circumstance. 

You are grabbing the meagre income earned by salaried class and other employees who are saving for their future lives and security. Already their income is very low as compared to the increasing inflation rates. 

You can on the other hand offer lower rates on bank deposits and MFs to fill up the deficit in government revenues.That can be tolerated as investments and deposits are extra incomes in most of the cases."

A Comment on an article on best Tax-investing investments

My Comment on an article "Which tax-saving investment best suits your needs? Find out" published in the economic times.com Dated 20/01/2016 at 12:15 pm.


"Very useful and informative article on tax saving options that can be best suitable for you. 

As the current financial year is ending, one should go through this article to manage his tax saving schemes prudently and obtain the maximum deduction possible."