Karnataka rain fury: Photos of flooded streets, uprooted trees
Cannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfit
Ranbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A Kiss
Oscars 2022: Every Academy Award Winner
Shane Warne (1969-2022): Australian cricket legend's life in pictures
Photos: What Russia's invasion of Ukraine looks like on the ground
Lata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'
PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Wedding pics: Mouni Roy marries Suraj Nambiar in South Indian ceremony
73rd Republic Day Parade 2022 - In Pictures
World no. 1 Serbian tennis great Novak Djokovic was named Laureus World Sportsman of the Y
- Asian Games medallist Jyothi Yarraji to train in Spain ahead of Paris Olympics
- Lione Messi said Retirement not on my mind
- Indian Wells: Alcaraz, Swiatek win titles
- African footballer chased and thrashed away in Kerala; reports
- Hockey India announce core probable group for men's national camp in Bhubaneswar
Wrong time to reduce interest rates on small savings: Chidambaram Last Updated : 01 Apr 2020 11:29:37 AM IST 
Former Union Finance Minister P. Chidambaram (file photo) Former Union Finance Minister P. Chidambaram has slammed the government for reducing the interest rates on small savings and PPF and said it may be "technically correct but it's wrong time" as the country is amid lockdown due to fear of coronavirus and people have no way of income.
"In times of acute distress and uncertainty about income, people depend on the interest income on their savings." tweeted Chidambaram.In times of acute distress and uncertainty about income, people depend on the interest income on their savings.
— P. Chidambaram (@PChidambaram_IN) April 1, 2020
Government must reconsider immediately and restore old rates until June 30.@narendramodi @PMOIndia @nsitharaman @nsitharamanoffcThe former Minister demanded roll back, saying, "Government must reconsider immediately and restore old rates until June 30. While reducing the interest rate on PPF and small savings may be technically correct, it is absolutely the wrong time to do so."The Union Government has reduced the interest rates on small savings schemes by 70 to 140 basis points for the year 2020 during April-June quarter.Public provident fund interest rates in the quarter have been brought down by 80 bps to 7.1 per cent and for KVP (Kisan Vikas Patra) the rate has been slashed by 70 bps to 6.9 percent and after reduction of 0.8 percent, the girl child-focussed Sukanya Samriddhi scheme now stands at the interest rate of 7.6 per cent.
IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
What binds the two most talked about nations - India and Pakistan together? What makes the
Actor Emraan Hashmi is set to don a never-seen-before avatar of the freedom fighter -- Ram
LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte
172.31.16.186
