Dear Sirs,
FM shall do the following in the ensuing budget.
1. Reduce the cost of general drugs by 50 percent and life saving drugs by 75 % thereby making the medicines purchasable by ordinary
people.2. Reduce the serevice tax on all services to two percent across the board. 3. Reduce the premium paid on Life insurance policies by 40 %. LICI is making huge priofits every year. Benefit should go to policy holders. 4.Increase the income tax exemption limit to three lakhs to all tax payers irrespective male and female and those completed sixty years of age should be treated as senior citizen for the purpose of income tax assessment.5. Remove tax deduction of fixed deposits kept with any commercial bank in India without any limit.
6. Increase the rate of interest on savings deposit to six percent. 7. For senior citizens upto ten lakhs deposit for ten years should be paid twelve percent interest rate and only one account should be opened at the place of permanent residence only.
Please consider.
I am afree lance journalist and a senior citizen.
Yoursa faithfully
DR.C.T.George RNRA A 31/2 Bharatham first floor, Rajeev nagar voltas lane Trivandrum 695014.
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