View: The Central government may not be able to bite the small saving interest bullet for long
On the evening of Wednesday, March 31, as the financial year was drawing to an end, the finance ministry issued an order to steeply cut administered interest rates on Public Provident Fund (PPF) and small savings schemes, with effect from the very next day, April 1. For Q1 2021-22, or April-June 2021, it slashed interest … Read more