Govt withdraws interest cut order on small savings scheme

The government on Thursday decided to withdraw interest rate cut order on small savings schemes. "Interest rates of small savings schemes of GoI (government of India) 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 Orders issued by oversight shall be withdrawn," Union finance minister Nirmala Sitharaman wrote on Twitter.

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