Savings interest rate cut rollback: Oversight or political hindsight?

India Today 2021-04-01

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The Centre on Thursday withdrew its order slashing interest rates on small savings schemes, including National Savings Certificates (NSC) and Public Provident Fund (PPF), for the first quarter of 2021-22. Finance Minister Nirmala Sitharaman said the it was an "oversight" -- a move being seen as an attempt by the BJP to contain the fallout of such a decision hitting common people amid the ongoing elections in West Bengal and Assam.
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