Sir, Introduce the popular RBI Taxfree Bonds once again. At 6.5% Centre would get crores of rupees to its kitty with capital blocked for five years. Instruct Banks to come out with a special deposit called " Infrastructure deposits" with a tenure of 5 years after which capital and interest accumulated would be returned to the investor. This deposit could be made attractive by offering 8% interest plus 80C benefits. Tax benefits offered additionally to the exhisting limit of one lakh rupees under 80C will make it competetive to the present tax relief schemes. All completing 60 years could be categorised as Senior citizens. Mediclaim elegibility year stops at 70 years which could be extended without limit in view of improved health conditions in India. Thanking you, yours faithfully, R.Nandakumar, 5/136/484, Anna st, Angammal colony, Salem-636009. Ph:04272449223. |
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