ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Policy Reversal on Small Savings Rates

The policy reversal on small savings rates has a number of adverse implications. As the Y V Reddy Committee had pointed out, even the benchmarked determination of administered rates of interest on small savings can only be viewed as an interim measure, pending pension fund reforms and an old age security scheme. In the meantime, the savers have to be exposed to more realistic yield rates. This, the reversal of policy prevents from being achieved and in turn it is likely to hinder the final reform process.

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