'Never accept Economic truths merely because somebody said so'- Just Released books: Corporate Quirks: The darker side of the sun and The Search for Aurangzeb's Stone (fiction)
The announcement relating to further lowering of the small savings rate did come as a shock to those who depend on fixed income for a living. This would have been a double-whammy as rates were lowered by 70-140 basis points (bps) last year and the new cuts were in the range of 90-110 bps.
https://www.thehindubusinessline.com/opinion/tweak-the-formula-for-small-savings-rates/article34255379.ece
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