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Of the Rs 600 pension that K Pramila gets every month, Rs 500 was deducted as ‘minimum balance’ for her post office account and Rs 60 was spent on travelling

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K Pramila, a 63-year-old widow, has been receiving pension for more than a decade now. Without any source of income, it is this Rs 600 a month that would help her buy essentials to get by month after month.
But this month, Pramila, who had taken an auto rickshaw to get to the Post Office in Sivanchetti Garden from her house in Kallahalli had to return home with just Rs 40.
When she reached the post office, she was informed that she has to leave at least Rs 500 in the account as minimum balance. So she could take just Rs 100, of which she paid Rs 60 for the auto fare. “I went to the Post Office expecting to withdraw Rs 600 but the Post Office staff told me that I am eligible to withdraw only Rs 100 as I need to maintain a minimum balance of Rs 500 in the savings account,’’ Pramila told Bangalore Mirror.

I have not received any complaint. If anyone comes to the General Post Office and lodges a complaint, I will look into the matter


She said that he returned home with just Rs 40 after paying Rs 60 to the autorickshaw driver. “I have no one to look after me. I have to depend on the rice I get from the Fair Price Shop for survival. I have no money even to buy cooking oil and other ingredients for this month,’’ Pramila said.

She said that he returned home with just Rs 40 after paying Rs 60 to the autorickshaw driver


According to P Kalidasa Reddy, a social activist, Pramila has been staying in a rented house but the owner of the building has stopped collecting rent from her for quite a long time. “Her husband died more than a decade ago. She has to depend on relatives and neighbours to buy medicines that cost around Rs 1,000 for diabetes,’’ said Reddy.
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Lakhs of senior citizens and widows receive pension from Post Offices across the state. All of them have opened Savings Accounts at the Post Offices in their jurisdiction to receive the pension. All these years, they have been withdrawing the amount as per their needs and convenience. “I have been getting a pension of Rs 1,000 since I am above 65 years. I got only Rs 500 this month. They told me that I am eligible to withdraw Rs 1,000 from next month,’’ said B Radha, a resident of Kallahalli.
India Post FontIt was the same with Dorairaj, a senior citizen. He visited the Post Office expecting to withdraw his pension of Rs 1,000 but was allowed to withdraw only Rs 500. After coming to know about the new norm of maintaining the minimum balance, five to six senior citizens and widows cancelled their plan of visiting the Post Office.

Pramila receives Rs 600 as monthly pension of which she got just Rs 100 this month; She and other pensioners were left with nothing after keeping Rs 500 in the savings accounts


When contacted, the Post Master of Sivanchetti Gardens Post Office said that he merely followed the direction from the higher authorities.
However, the Deputy Chief Post Master General said that he can look into the matter if any pensioner lodges a complaint. “I have not received any complaint from the pensioners. If anyone comes to the General Post Office and lodges a complaint, I will look into the matter,’’ the Deputy Chief Post Master General said.

Meanwhile, Nagaraj M of Human Rights Social Justice Liberties Active Forum, said they would take up the issue with the Chief Post Master General. “It is not fair for the postal authorities to insist that widows and senior citizens must maintain minimum balance,’’ Nagaraj said.
While

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Karnataka State Human Rights Commission refused to comment on the issue since the Postal Department does not come under its purview, an official of the National Human Rights Commission, New Delhi, said the NHRC can issue a notice to the department concerned if a written complaint is filed with it.

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By Sanju Verma (Economist, National spokesperson of BJP & Author of “Truth & Dare — The Modi Dynamic”)
IMF’s recent projection that Bangladesh’s nominal GDP per capita is expected to exceed India’s in 2020 created a furore. First and foremost, comparing India to Bangladesh is like comparing apples with oranges. India’s nominal GDP is $2.94 trillion, while in purchasing power parity (PPP) terms, it is $10.51 trillion. India, under the Modi government, became the 6th largest economy in 2019, overtaking France and the 5th largest, after surpassing the UK in February 2020. Comparable figures for Bangladesh are merely a GDP of $348bn and $861bn in nominal and PPP terms. Moody’s has projected 10.6% real GDP growth and a 4% retail inflation for India for FY22, in a massive thumbs up to Modinomics. Goldman Sachs predicts real GDP growth of 15.7%, while Fitch predicts a 9.9% growth for India in FY22. Modi’s wily critics fail to recognise that while IMF predicts a growth of 8.8% for FY22 for India, it estimates Bangladesh GDP to grow by a mere 4.4%.
With covid-19 derailing all large economies, IMF has predicted a fall in India’s nominal GDP per capita from $2100 in 2019 to $1880 in 2020 while forecasting Bangladesh’s to rise to $1890 in 2020. What Modi’s critics do not mention is that India’s GDP in PPP terms in 2019 was 11 times greater than that of Bangladesh. IMF’s GDP per capita (in PPP terms) for India in 2020,is pegged at $6,284 compared to Bangladesh’s at $5,139. In effect, in terms of PPP per capita, despite the pandemic, India’s number will be 22.28% higher than Bangladesh.
India’s exports last year stood at $322bn, in terms of FOB, while imports stood at $617 billion, on CIF basis. What this implies is India’s overall annual trade (exports + imports) at $939 billion is 2.7 times higher than the entire economy of Bangladesh. India’s apparel exports are expected to touch $300 billion by 2024-25, resulting in a tripling of the country’s market share globally from 5% to 15% cent. A lion’s share (71.27%) of Bangladesh’s total exports of just $40.53 billion on the contrary is limited to only 10 countries. Again, of this $40.53 billion, $25.53 billion came from apparel goods, which means Bangladesh is in a highly precarious situation. India exports approximately 7,500 commodities to about 192 countries. According to Bangladesh Bureau of Statistics (BBS), Bangladesh is experiencing unprecedented shocks, due to covid. It is estimated that Bangladeshi RMG workers lost US$500 million in wages from March to June 2020. The Institute of Labour Studies also estimated that 1,915 garment factories were closed rendering 324,684 workers unemployed. The Modi government’s financial and socially inclusive schemes have reached out to those who need state support. As of June 2020, the Modi government released Rs 895 crore for 59.23 lakh EPFO account holder employees. The Indian government also released the first instalment of PM-KISAN (Rs 16,394 crore) and transferred it to 8.19 crore farmers. The government also disbursed Rs 20,344 crore to women Jan Dhan account holders till June 2020 and also released Rs 2,814 crore to about 2.81 crore old age persons, widows and disabled persons. Also, 2.3 crore Building & Construction workers have so far received support amounting to Rs 4,313 crore.
According to the Bangladesh Institute of Development Studies (BIDS), 164 million have joined as new poor in the country. In sharp contrast, over 75 million people have been lifted from poverty by the Modi government with Pradhan Mantri Garib Kalyan Yojana. Around 42 lakh farmers were paid Rs 73,500 crore, towards MSP for wheat in the Rabi season.
A recent survey conducted by the International Centre for Diarrheal Disease Research (ICDDR) in Bangladesh found that during the lockdown, 91% of sample families considered themselves to be financially unstable. On the other hand, the Modi government transferred Rs 8,488 crore into bank accounts of PM Ujjwala Yojana beneficiaries. An estimated 80% of workers in the informal sector in Bangladesh have become unemployed. The Bangladesh economy is also currently facing the prospect of plummeting remittances. In contrast, India received $20 billion worth of FDI in between April-June 2020. Migrant remittances constitute about 9% of Bangladesh GDP.
In light of ample proof provided above, comparing a behemoth like India with a much smaller nation like Bangladesh is pure harakiri. Under Prime Minister Narendra Modi, per capita GDP of India surged from Rs 83,091 in 2014-15 to Rs 1,08,620 in 2019-20,a solid increase of 30.7%. Under Congress led UPA 2, it had risen by a far smaller,19.8%. The icing on the cake is the fact that the Modi government has used the Covid pandemic to unleash big bang reforms.
Sanju Verma (Economist, National spokesperson of BJP & Author of “Truth & Dare — The Modi Dynamic”)

RELATED NEWS

GALLERIES View more photos
  • Mysuru gives grand Dasara procession a miss
  • Waterlogging reported from several areas
  • BBMP collects over Rs 5.2 lakh in fines
POLLShould the government hold an inquiry as to how Covid-19 data is being leaked?
Pick your favorite and click vote
4 + 2 =

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