Small Savings Rates Slashed: Government's Move In People's Interest?
After being forced to roll back on the tax it was planning to levy on the employees provident fund in the next financial year, the government has slashed interest rates on small savings schemes - like the Public Provident Fund, National Savings Certificates and Kisan Vikas Patra Yojanas among others. The move will likely hit the common man and has received flak from opposition parties.
