From THE HINDU group of publications
Sunday, February 11, 2001
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From THE HINDU group of publications Sunday, February 11, 2001 |
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Bonds & FDs
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Rate cut on small savings, PF likely
The Prime Minister's Economic Advisory Council has recommended a drastic drop of two percentage points in small-savings and provident fund rates.
This would reduce the interest burden on the Budget. And also lower commercial interest rates with favourable effects on investments. But this could lead to a lower savings rate growth.
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