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Coping with falling interest income

Dhirendra Kumar addresses a retiree's concern on ever lower interest rates

I am a retired semi-government employee. After my retirement, I had put all my savings in bank fixed deposits. But my income has fallen considerably with the fall in interest rates. In sharp contrast, government employees have seen a consistent increase in their pension. Shouldn't the government think of some scheme for people like us who aren't enrolled in a fixed pension scheme?
- Mahesh, Delhi

 

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