Decision to cut interest rates on PPF, KVP taken to make economy more efficient: F M
NEW DELHI: Government today said the decision to cut the interest rates payable on small savings including PPF and Kisan Vikas Patra has been taken to make economy more efficient.
Replying to a media query in New Delhi, Finance Minister Arun Jaitley said the savings schemes are market linked and as debt has gone up, interest rates were slashed.
Two days back, government had decided to cut the interest rates on PPF scheme from 8.7 per cent to 8.1 per cent from 1st of April. The interest rate on KVP has also been cut to 7.8 per cent from 8.7 per cent.
More Stories
PM Modi gave mantra in pre-budget meeting.. How to increase India’s growth rate
NEW DELHI: Preparations for the country's budget to be presented in February have intensified. Prime Minister Narendra Modi held a...
The rule of traveling by plane has changed! Wealthy passengers are out of rule
NEW DELHI :Passengers traveling by flight will now have to follow the new rules of the Civil Aviation Security Bureau....
Industrialist & Former MP Naveen Jindal Quits Congress To Join Saffron BJP
NEW DELHI : Industrialist and former Congress MP Naveen Jindal joined the saffron BJP on Sunday, weeks before the Lok...
Sahara Group Chief Subrata Roy dies of cardiorespiratory arrest at 75
NEW DELHI : Subrata Roy, the leader of Sahara Group, passed away on Tuesday in a Mumbai hospital due to...
100% result of RailTel”-Akansha Super 30 projectqualify in JEE Mains 2023.
NEW DELHI : It was a proud moment for RailTel a Mini Ratna PSU of Ministry of Railways when all...
Manoj Tandon is new Director of RailTel
NEW DELHI : Manoj Tandon takes over as the new Director- Projects, Operation & Maintenance in RailTel Corporation of India...