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Shouldn't Regulators Be Accountable for Rs82,000 Crore of Unclaimed Money?

Shouldn't Regulators Be Accountable for Rs82,000 Crore of Unclaimed Money?
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

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Shouldn't Regulators Be Accountable for Returning Rs82,000 Crore of Unclaimed Money To Savers?

Shouldn't Regulators Be Accountable for Returning Rs82,000 Crore of Unclaimed Money To Savers?
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

Harsh Goenka , Indira Vikas Patra , Naved Masood , Vikas Patras , Committee On Financial , Indian Institute Of Public Affairs , Employee Provident Fund Organisation , Institute Of Chartered Accountants India , Protection Fund , Exchange Board Of India , Awareness Fund , Development Authority Of India , Senior Citizen Welfare Fund , Investor Education , Financial Markets , Investor Protection , Chartered Accountants , Indian Institute , Public Affairs , Reserve Bank , Exchange Board , Economic Times , Insurance Regulatory , Development Authority , Kisan Vikas Patras , Zee Business ,

Congress leader P Chidambaram slams govt for reducing rates for small savings instruments

These bonds will cease for subscription from Tuesday, January 2, the finance ministry said in a statement. ....

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Poor people rely more on post-offices for their savings: SBI report

April 17, 2021
Savings Bank×
To further improve the economic condition of senior citizens, the report recommended giving full tax rebate on the interest amount up to a threshold level on the Senior Citizens Savings Scheme (SCSS).
Post-Office savings deposits are negatively correlated to per capita income while bank deposits are positively correlated with per capita income, according to State Bank of India’s (SBI) economic research report “Ecowrap”.
This indicate that poor people are more reliant on post-offices for their savings and when the income increase they shift to bank deposits first and not to financial products,as per the report put together by SBI’s Economic Research Department. ....

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Senior citizens need govt support for social security: SBI Ecowrap

Senior citizens need govt support for social security: SBI Ecowrap
By
IANS
|
3 Views
Old age pension.. Image Source: IANS News
New Delhi, April 16 : With country s population of old set to double over the next few decades, government should look to provide complete tax waiver on senior citizen savings scheme (SCSS) and help the elderly build some sort of social security, said the SBI Ecowrap report.
According to the report, the share of India s elder or senior citizen population is increasing from 8.6 per cent in 2011 to 15.9 per cent in 2041. This, the report said, will pose a huge challenge for policy making at social and economic levels and, therefore, it is necessary to build incentives around small savings schemes, which are most popular form of financial savings of households in India. ....

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