Tuesday, March 1, 2011

NOINO’s role in Budget 2011-2012

NOINO played an important role in Govt of India’s Union Budget 2011-2012 presented by Shri Pranab Mukherjee, Minister of Finance on 28th February 2011 i.e. yesterday.

It happened that a fortnight ago a senior officer of LIC of India pointed-out to our All India General Secretary Shri Ganesh Kamath that the age limit for income tax exemption for senior citizens was hitherto 65. He suggested that while a person would normally retire at the age of 58 or 60 it was not proper to give this concession at the age of 65. He also pointed out that the age limit for concessions to senior citizens was mostly given at the age of 60 in various establishments.

The suggestion looked logical to our GS Shri Kamathji. As such, he immediately wrote a mail to NOINO President (also MP, Rajyasabha) Shri Prakash Javadekar in this regard and also sent an SMS to draw his immediate attention to the issue. Shri Javadekarji promptly took the issue with the Finance Minister Shri Pranab Mukherjee who agreed to the suggestion.

The Union Budget for 2011-12 presented by Shri Pranab Mukherjee yesterday reduced the age limit to 60 as demanded by NOINO. It is a very significant achievement & a great relief to the senior citizens. The credit for this should undoubtedly go to our dynamic leader Shri Prakash Javadekarji.

Our heartiest congratulations to the members of NOINO on the achievement! Definitely, the members are our real strength who inspire us to fight for an issue and win it.

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