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Govt. withdraws order of slashing interest rates on Small savings; “Orders issued by oversight”

Nirmala Sitharaman:Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn

Govt. withdraws order of slashing interest rates on Small savings
The Union Finance Ministry today withdrew its orders related to the changes in the interest rates of small savings schemes but Congress has linked the withdrawal as a ” Hindsight” in the wake of the ongoing state assembly polls.

 

Finance Minister has made it clear that the interest rates on small savings schemes will continue to be at the level as in March 2021.

 

The interest cut item was a screaming headline in newspapers today amid the second phase polling in the state of West Bengal and Assam.

Congress  leader Priyanka Gandhi Vadra took a swipe on the flop-flop and archaically commented: “oversight” in issuing the order to decrease interest rates on GOI schemes or election-driven “hindsight” in withdrawing it.”

 

 

Finance Minister Nirmala Sitharaman has withdrawn the recent orders related to the changes in the interest rates of small savings schemes.In a Tweet, she said that the Government of India shall continue to be at the rates which existed in the last quarter of 2020-2021. It implies that the interest rates on small savings schemes will continue to be at the pre-existing levels that prevailed as in March 2021.

 
Nirmala Sitharaman@nsitharaman: Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn.@FinMinIndia@PIB_India/7:54 AM · Apr 1, 2021Twitter for iPhone
Priyanka Gandhi Vadra@priyankagandhi: Really@nsitharaman
“oversight” in issuing the order to decrease interest rates on GOI schemes or election-driven “hindsight” in withdrawing it?Quote Tweet
Nirmala Sitharaman@nsitharaman
Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn. @FinMinIndia @PIB_India8:42 AM · Apr 1, 2021Twitter for iPhone
https://twitter.com/nsitharaman
Yesterday’s order was :Image
Govt. withdraws order/Govt. withdraws order/Govt. withdraws order

 

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