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

Donate to IndiaSpend

Support IndiaSpend’s award-winning investigative journalism.

Your tax-deductible contribution to IndiaSpend will help us, and other publications around the country, reveal critical stories that otherwise wouldn’t be told - stories that make a difference!