Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021.
— Nirmala Sitharaman (@nsitharaman) April 1, 2021
Orders issued by oversight shall be withdrawn. @FinMinIndia @PIB_India
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but middle class and senior citizens are not completely ignored,
but insulted by not giving a single rupee benefit since pandemic.
low interest rates, no tax relief while real inflation has eroded a
substantial purchasing power of all. very merciless authority indeed!
Maybe rates will be reduced afterwards, which will be most unfortunate for us seniors. I am a retired (forcibly) senior citizen, 73 years.
And therefore whether it is "oversight" or "election hindsight" is anybody's guess.