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Small Savings Rate: To Cut Or Not To Cut?
Is there enough reason for government to keep small savings rates high? There may be more than socio-economic concerns at play.
05 Jul 2021, 10:28 AM IST
It's an emotive issue on both sides. Should the government cut interest rates on small savings? Or should they not?Those who argue against a cut say that small savers shouldn't be burdened any more than they're with weak growth and rising inflation. The other side leans on economic logic to say that one set of savers can't get compensated more than others.So far, the Indian government has avoided cutting rates on these instruments fo...
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