Follow us on ECONOMY Navigating the political economy’s pitfalls: No easy options for government after small savings scheme interest rate cut fiasco April 1, 2021, 2:14 PM IST TOI Quick Edits are written by a team of seasoned journalists from the Times of India's Edit Page and TOI-Online who respond to important news stories as they develop. The team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of the day. LESS... MORE The rollback of the significant cuts to interest rates of various small savings schemes reveal the increasing difficulty faced by government in managing the political economy while pursuing lower interest rates to stimulate growth. The savings scheme interest rates are lower or just a little over the inflation rate, signifying the anxiety among the middle class over poor returns on investment that came bubbling to the surface in the aftermath of the rate cut.