9/1/2014 2:31:29 PM
|written By : Team India Se|
Indians in the upper income group have been asked to increase their donations to the Singapore Indian Development Association (SINDA).
From the highest rate of $7 for those earning above 2500 per month, now people earning over $15,000 will be expected to contribute $30 per month. The new slabs and rates will be effective from January 1, 2015.
This is the steepest rise among the increased rates announced by three self-help groups, including the ones for the Chinese and Eurasian communities, yesterday.
"The new rates are more progressive," Senior Minister of State for Education and Law Indranee Rajah, and President SINDA, told community stakeholders at a forum at PGP Hall in Serangoon. "Those who earn more will contribute more. A majority of the contributors - those earning between $1,000 and $4,500 a month - will not see any changes. The lowest income tier has also been broadened, such that those earning between $600 and $1,000 each month will be asked to pay $1 a month instead of $3.”
The new rates are expected to add about $3 million to the fund's annual collection of about $8 million, excluding the Government's contribution, other grants and programme fees.
Deputy Prime Minister and SINDA Chairman Tharman Shanmugaratnam, added that the association has had annual deficits of between $1.3 million and $1.6 million over the past three years. Last year, its operating expenditure was $18.23 million, with more than half spent on education programmes. But its total income, including government grants, was $17.63 million.