“A very important decision was taken specifically for women in this year’s (Union) budget. If they make a fixed deposit in a bank for two years, they will be assured of a special interest rate. I think it is a laudable step,” Modi said.
The Prime Minister made these remarks at the start of his address. He was replying to a suggestion made by Samir Jain, vice chairman and managing director, The Times Group, to the PM in his welcome address.
“Before I come to my point, I would refer to Shiva Bhakti and worship of Lakshmi as mentioned by Samir-ji. You suggested an increase in the income tax rate (for men). I don’t know what these people in the finance department will do,” Modi said with a smile. He then referred to the new provision in the budget presented on February 1.
On a lighter note, the Prime Minister said, “Now it rests with your editorial department to give an appropriate place to this news.”
Jain had suggested to the PM that the income tax rate for men be increased by 1% and that of women be decreased by 1%.
In his speech, Modi emphasised several welfare schemes of his government that will benefit women such as the opening of bank accounts, provision of loans, toilet construction, clean cooking fuel and the right to house and property ownership.
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