View: What happens when political compulsions come in the way of fiscal prudence?

SSS must turn viable over time, with less government intervention in fund use and gradually linking returns to markets.

Synopsis

The action to sharply cut interest returns on State-backed small savings schemes (SSS), and a quick correction to reverse it — in what would go down as the fastest rollback of a fairly important government decision. But we can guess.

We know the dictionary definition of oversight: an unintentional failure to notice or do something. What we don’t is what caused the ‘error’ — the action to sharply cut interest returns on State-backed small savings schemes (SSS), and a quick correction to reverse it — in what would go down as the fastest rollback of a fairly important government decision. But we can guess.

Probably, a well-meaning bureaucrat, serving a deficit-conscious

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