Government withdraws interest rate cut order on PPF, other small savings scheme dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
पेट्रोल-डीज़ल पर तो पहले से ही लूट थी, चुनाव ख़त्म होते ही मध्यवर्ग की बचत पर फिर से ब्याज कम करके लूट की जाएगी।… https://t.co/tTeOSZ6ucB Rahul Gandhi (@RahulGandhi) 1617253561000
Congress leader Priyanka Gandhi Vadra said, Really Nirmala Sitharaman oversight in issuing the order to decrease interest rates on GOI schemes or election driven hindsight in withdrawing it?
Really @nsitharaman “oversight” in issuing the order to decrease interest rates on GOI schemes or election driven “… https://t.co/x9MvYVjub1 Priyanka Gandhi Vadra (@priyankagandhi) 1617246773000
Party general secretary and chief spokesperson Randeep Surjewala hit out at Sitharaman and said she has no right to continue as the finance minister. Madam FM, Are u running a Circus or a Government , Surjewala asked. You have no
NEW DELHI: The claim of oversight after cutting interest rates on saving schemes will not fool anyone, CPM general secretary Sitaram Yechury said on Thursday. The CPM chief said the Central government had only “postponed the cuts” on the interest rate on small savings schemes in view of ongoing assembly elections in four states and one Union territory, adding that “taking the order back is not going to fool anyone”.
“Modi government clearly wants to further destroy peoples’ lives and slash small savings. Taking the order back is not going to fool anyone. Their intentions are clear. Cronies incomes are growing into trillions, but the majority are squeezed and destroyed,” Yechury said on Twitter.
New Delhi: In a major relief to the common man, the
Modi Government has withdrawn the rate cut order on the Small Savings Schemes.
In a brief message on Twitter, Union Finance Minister Nirmala Sitharaman said, “Interest rates of Small Savings Schemes of the Government shall continue to be at the rates which existed in the last quarter of 2020-2021. That is, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn.”
The Government yesterday cut interest rates on Small Savings Schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF), by up to 1.1 percent for the first quarter of 2021-22 in line with falling fixed deposit rates of banks. The interest rate on PPF was reduced by 0.7 percent to 6.4 percent while the rate on NSC was cut from 6.8 to 5.9 percent.
Govt Takes U-Turn; No Change in Interest Rates on Small Savings Schemes, PPF, NSC moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.