10-13-2003, 04:42 AM
ok
here is a scenario. a family with a couple of children, young under 5 years of age. the husband dies.
the widow has no source of income left. the savings are there. lets say Rs.300,000. she cant do any business.
what options does she has. the best option in my view is National Saving Schemes. paying regular monthly income while preserving the capital for future consumption by the children.
in this the case the widow is recieving the interest. it can be said the circustances has forced her into recieving interest. and the NSS is not forced into it.
dont get me wrong. i am not trying to defend interest. i am just asking the question that came to my mind?
Farhan Ali
here is a scenario. a family with a couple of children, young under 5 years of age. the husband dies.
the widow has no source of income left. the savings are there. lets say Rs.300,000. she cant do any business.
what options does she has. the best option in my view is National Saving Schemes. paying regular monthly income while preserving the capital for future consumption by the children.
in this the case the widow is recieving the interest. it can be said the circustances has forced her into recieving interest. and the NSS is not forced into it.
dont get me wrong. i am not trying to defend interest. i am just asking the question that came to my mind?
Farhan Ali