Financial Daily from THE HINDU group of publications
Tuesday, Dec 31, 2002
Financial Daily from THE HINDU group of publications Tuesday, Dec 31, 2002 |
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Opinion
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Letters Small-savings schemes
The article "Is the party over for savings?'' (Business Line, December 28) brings out the rigidity of the Kelkar Committee with regard to savings. While the committee adopted a soft approach in respect of a few other issues, it has turned a deaf ear to the demands in respect of tax rebate on savings. It is well-known that small-savings in India is purely based on the rebates on income-tax. In many cases, even the insurance policies depend on the quantum of tax rebate under Section 88. The panel should review its stand on small-savings and consider a tax rebate, at least in small doses. C. P. Velayudhan Nair Kochi
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