The Congress has alleged that the insurance policies of the Narendra Modi authorities are breaking the again of the widespread man. Life insurance coverage and auto insurance coverage premiums have gone up whereas EPF curiosity has come down. With such steps, the federal government is now shedding crocodile tears by rising the burden on the pockets of widespread individuals.
Insurance premiums enhance drastically
Congress spokesperson Abhishek Manu Singhvi advised reporters that productiveness, employment and rupee are falling whereas inflation, social divisions and authorities boast are rising. The authorities is failing on all fronts. Regulators have proposed elevating the third-party car insurance coverage premium by greater than 20 %. <! –
This will enhance the premium of two-wheeler, three-wheeler and four-wheelers (as much as 1500 cc). Similarly, life insurance coverage can be proposed to extend the premium.
The Congress chief mentioned that this might have an effect on the center and decrease class individuals. The authorities has enough powers to cease these selections. But the federal government didn’t take any step to cease such selections.
Gas cylinder costly whereas curiosity on PF diminished
Inflation of meals gadgets is rising repeatedly. Some time in the past the value of LPG cylinder was elevated by Rs 144. This will have an effect on most people as a result of after taking 12 sponsored cylinders in a yr, one has to purchase the cylinder on the market worth. The authorities has additionally not too long ago diminished the rate of interest on EPF from 8.65 per cent to eight.5 per cent.
Seeking intervention from the federal government in selections
Congress demanded that the federal government ought to intervene in these issues and alter the choices in order that the issues of widespread individuals could be diminished. On the Yes Bank disaster, Singhvi mentioned that the federal government ought to take steps to safe depositors' cash.