Published On: Fri, Apr 2nd, 2021

Interest rate cut rollback

New Delhi, April 02, 2021.

The Centre has quickly withdrawn its order cutting interest rates on small savings schemes, with Union Finance Minister Nirmala Sitharaman saying it had been “issued by oversight”.

The roll back was seen to be a political decisions as the rate cut coincided  with the crucial second phase of Election in West Bengal.

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