Planning Commission deputy chairman Montek Singh Ahluwalia justified the lowering of rate of interest on small saving schemes saying the returns remain favourable to depositors in real term.

Ahluwalia said: "In real terms, inflation is much lower than it was two years ago. So, in real term, the interest rate is favourable." Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.