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Priyanka Gandhi hinted that Nirmala Sitharaman's U-turn was influenced by the ongoing polls. New Delhi: Congress leader Priyanka Gandhi today asked Finance Minister Nirmala Sitharaman if the Centre's overnight flip-flop on small savings scheme interest rates was a case of "oversight" as claimed or one of election-driven "hindsight". She tweeted shortly after the latter posted on the microblogging site early this morning withdrawing the steep cuts in rates announced yesterday, the last day of Financial Year 2020-2021. The Trinamool Congress, battling the BJP furiously in West Bengal, also moc...

Government withdraws interest rate cut on small savings April 01, 2021 Rates as on March 31 to continue for April-June quarter Within 12 hours of taking decision regarding rate cut reduction on small savings, the Finance Ministry on Thursday withdrew the order. This means interest rates on various small saving schemes such as National Saving Certificates (NSC), Public Provident Fund (PPF) will continue for at least three more months starting April 1. On Wednesday, the Ministry issued an office memorandum effecting cut in the range of 50 basis points to 90 basis points. This was one of the ...