Govt reduces subsidised LPG cylinders under Ujjwala Yojana from 9 to 4, Ayushman Bharat PM Jan Arogya Yojana achieves nationwide coverage with West Bengal joining scheme, India’s pharmaceutical industry likely to double in size in five years: Union Minister Goyal,

Govt withdraws order slashing interest rate on small savings

The government on Thursday withdrew the order slashing rates for small saving schemes. The announcement was made by Union finance minister Nirmala Sitharaman on Twitter. Interest rates for small savings schemes are notified on a quarterly basis. The government has rolled back cuts on interest rates on small savings schemes, including National Savings Certificates or NSC and Public Provident Fund or PPF, announced on Wednesday evening.

The government on Wednesday cut interest rates on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF), by up to 1.1 per cent for the first quarter of 2021-22 in line with falling fixed deposit rates of banks.The interest rate on PPF was reduced by 0.7 per cent to 6.4 per cent while the rate on NSC was cut from 6.8 per cent to 5.9 per cent.


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