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Created by : VIJAY KUMAR PURI, Freelancer, Freelancer  | 04 28 2010 15:18:09 +0000
Industry : BankingFunctional Area : Personal Finance(Personal Interests)
Activity:  409 views;  last activity : 07 06 2010 20:18:09 +0000

I am a pensioner having retired from a Public Sector Bank as senior Manager.

 
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Age discrimination Exists in India Vs There is no age discrimination
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I agree wit you mr.vijay.....

India does not have any codified law that specifically deals with matters relating to discrimination on the basis of age. So the people who are retired are facing many problems. The government should provide some solution to this issue, since age as nothing to do with the benefits. Everyone should be treated equally with no difference......  :)


By Kavitha Shankar, Sr/Principal Coresspondent, ABC  04 29 2010 14:41:03 +0000
 
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Yes it is there but it is bound to be there and it has to be there right from reserved seats in bus to concessional tickets and no Q every one is going to go through this some day so why crib?
By B.Mehernath , Marketing & Technical Head, Bondit Construction Chemicals Pvt. Ltd.  | 04 30 2010 06:31:54 +0000
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Thanks,Kavitha for refferal,The descrimination is percieved to be around every one.This is an integral component of human psychology,one learns when,you face the heat.Mr Vijay must forget all these things as retired person losses much more than a pay check.He losses a sense of power and accomplishment and a loss of personal identity that is difficult to replace late in life. Mr Vijay,Enjoy retired life without rancour.


By Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 04 30 2010 02:38:45 +0000
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not only age, but India is epicentre of discrimination, be it between light brown/dark brown; women/men;north/south/north east; languages-indian vs english.. we undermine our own national languages; I have yet to see such kind of behaviour after practically working in west/south east/east asia/african etc parts of the world... so  there we are...south asian race... reasons??? .. for ages....but 'am hopeful of our younger generation..


By Prof. (Dr.) Amit Sengupta, Sr.Obstetrician & Gynecologist ; Professor, Rep.Bioeng; Res. Consultant-cancer; community health expert  | 04 29 2010 16:54:21 +0000
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AGE DISCRIMINATION IN INDIA

 Majority of our parliamentarians are senior citizens but senior citizens are discriminated against in this country.

 There are housing loan schemes for young people even if their job security is not guaranteed but a pensioner whose pension is secured will not get a housing loan because he is overage.

 As a banker I know that the income of pensioner is more secure than a younger person in employment because an employed person can be jobless tomorrow and he might not have any other source of income.

 The Government has come out with a scheme of REVERSE MORTGAGE which is for the senior citizens without any income though I doubt if any banker will be interested in lending money under that scheme too if a Senior Citizen approaches one. In this scheme the repayment of loan will be difficult as the only way is through sale of mortgaged property and given the present laws any financial person will know how difficult that is. But when pensioner is in a position to repay the loan from his pension no financial institution is interested. Wherever he goes the first question asked is about his age. The next question is do you have a son who can be co-borrower. What kind of country is this where a person’s eligibility is judged by his age?

 

You call them senior citizen but you don’t have a mediclaim policy for them when they need it most. You can not get a Life Insurance policy even if you are physically and mentally fit because you are over age.

 In America if any mortgage company asks the age of a prospective borrower, it can be sued on the base of discriminatory practices but in this GREAT (Sic) country everything is judged by age. And the irony is that law makers are mostly SENIOR CITIZENS


By VIJAY KUMAR PURI, Freelancer, Freelancer  | 04 28 2010 15:18:09 +0000
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in present time people are squeezed in india during the jon , old peopleare thrown away from jobs when they are compared with young ones .the jons are stll not secured . in future times i feel that age of retirement will be around 50plus so keep your self update and be competitive because futrure generation donot like old generation .so only alternative is to give good education to your chieldernand adjust your life with them.


By satishk.shukla , Director on Board, saurabhagro tech pvt.ltd.  | 04 30 2010 04:44:58 +0000
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Vijay Kumar Sir, U yourself was in a Bank and U know the answers.

--   Some PSU Banks allow loan against Pension but of limited amount

--   Generally the age limit remains, say 65 / 70 yrs.

Reverse Mortgage they call - take loan after 65 yrs with concent of the spouse, with age limit. Enjoy a sum per month from the Mortgaged Property - it is your resedential property. U need not repay. After both of U, nominate somebody to receive resedual amount of sale proceeds of the property. Very popular.

As I have gathered knowledge, and if I am not wrong, in some countries, they dont ask ur age. But judge ur age from other informations collected. Ultimately they dont entertain. Getting employment after 55 yrs age is most difficult in those countries countries.

Sir, it is said that aged people should not be 'lured' to take loan - they should be left undisturbed and live in peace of mind.

Disclaimer : Not intended to hurt anybody.


By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  | 04 29 2010 15:34:22 +0000
 
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