Financial Daily from THE HINDU group of publications
Wednesday, Dec 11, 2002

Port Info

Group Sites

Home Page - Interest Rates
Money & Banking - Interest Rates

Jaswant mulls interest sops for elderly

Our Bureau

NEW DELHI, Dec. 10

THE Finance Minister, Mr Jaswant Singh, has said that his Ministry is considering a proposal to offer senior citizens interest rates that are higher than market rates.

"I hope to correct it very soon with the differential interest rate for pensioners, senior citizens and widowers so that this kind of decline in interest rates does not affect them," he told the Rajya Sabha on Tuesday.

However, the Minister did not give any further detail.

Mr Singh said that domestic interest rates must match falling global interest rates to make the domestic industry competitive.

Send this article to Friends by E-Mail
Comment on this article to

Stories in this Section
Grasim charges on demerger move — No breach of norms: L&T

Auditors to feel `peer' pressure soon
Companies Bill passed in LS
Balrampur Chini into liquor
GAIL to bid for HPCL stake
Shourie to seek A-G opinion on oil PSUs sell-off
Jaswant mulls interest sops for elderly
Banks getting overseas queries on NPA seizures
McDowell takes 85 pc stake in Triumph

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line