Financial Daily from THE HINDU group of publications
Friday, Mar 22, 2002
Financial Daily from THE HINDU group of publications Friday, Mar 22, 2002 |
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Opinion
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Letters Discouraging savings
While some years ago, many people lost their hard-earned money by depositing it in various financial institutions and nidhis, the reduced interest rates on deposits and reduction of tax rebate on investments now present a diametrically opposite picture. `Is saving irrelevant to growth?' (Business Line, March 13) puts forth various measures to ascertain the growth of an economy and shows how discouraging direct and indirect savings could prove harmful. Following the rollback of LPG price hike by 50 per cent (Business Line, March 17), one hopes the Government responds positively to the demands of the saving public. S. Madhavan
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