| Author | Message | ||
Tilak Legend Username: Tilak Post Number: 38068 Registered: 02-2012 Posted From: 59.189.216.76 Rating: N/A |
evadu six kodutunnadu? elections lo contest cheyyani media na?  99% National - 1% Glocal | ||
Ustad Megastar Username: Ustad Post Number: 26040 Registered: 07-2008 Posted From: 76.169.161.29 Rating: N/A |
Please watch it. Raghuram Rajan explained it beautifully. https://www.youtube.com/watch?v=N9NBTAmtaPY Negative people suck the life out of you. Stop wasting time fighting battles and trying to win people over that don’t matter. | ||
Chanakya Side Hero Username: Chanakya Post Number: 2887 Registered: 04-2015 Posted From: 198.203.175.175 Rating: N/A |
BJP should play it smartly, annitiki Media ni anatam toh em ostadi cheppu meeru mari full toss balls veste evadaina six kodatadu  anyway these things ppl will forget. Modi for sure 2018 lo aggressive aipothadu be it on policy making or attacking opposition You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. ~Friedrich Nietzsche | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 5554 Registered: 12-2010 Posted From: 183.83.72.109 Rating: |
interest rates vary with inflation when inflation went to 12% in an around 2010, then actually the real interest rates were in negative | ||
Tilak Legend Username: Tilak Post Number: 38063 Registered: 02-2012 Posted From: 59.189.216.76 Rating: N/A |
you are giving the right guys the wrong honors! It is the media that needs to be credited. Always on the lookout for anything that they can say is "Blow to BJP", "India hates BJP", "Indians are turning anti-BJP". Isnt it? Btw, when was the last time the PPF and other interest rates were decreased, and more importantly, why? (10 marks) 99% National - 1% Glocal | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 5553 Registered: 12-2010 Posted From: 183.83.72.109 Rating: N/A |
https://storify.com/c_aashish/rate-cuts-for-small-savings-sc hemes | ||
Chanakya Side Hero Username: Chanakya Post Number: 2886 Registered: 04-2015 Posted From: 198.203.177.177 Rating: N/A |
petty things ni highlight ayyela cheyyatam lo BJP vallani kottetode ledu manchivi matram market cheskolekapotunnaru janalaki.You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. ~Friedrich Nietzsche | ||
Phoenix Side Hero Username: Phoenix Post Number: 6552 Registered: 10-2012 Posted From: 122.175.31.242 Rating: N/A |
Jai Nostradamus | ||
Nenu Side Hero Username: Nenu Post Number: 2231 Registered: 08-2013 Posted From: 202.78.173.231 Rating: N/A |
Pedavaala Rakathaannni peelchi sampannulaku blood ekkinchi desham baita saaganampe prabhutvam I am God; God is great | ||
Teluguvaadu Junior Artist Username: Teluguvaadu Post Number: 549 Registered: 11-2012 Posted From: 61.3.72.162 Rating: N/A |
http://www.financialexpress.com/article/economy/ppf-rate-cut -public-provident-fund-8-7-pct-to-8-1-pct-nss-rate-cut-small -savings-scheme-rates-cut/227453/ PPF, NSS and saving scheme interest rates cut sparks uproar In a decision that evoked immediate uproar by the salaried and self-employed class, the government on Friday slashed the interest rates on public provident fund (PPF) from 8.7 percent to 8.1 percent, soon after retracting the unpopular proposal to partially tax withdrawals. In a decision that evoked immediate uproar by the salaried and self-employed class, the government on Friday slashed the interest rates on public provident fund (PPF) from 8.7 percent to 8.1 percent, soon after retracting the unpopular proposal to partially tax withdrawals. In the process, the interest rate for the national savings scheme was also reduced sharply from 8.5 percent to 8.1 percent, for Kisan Vikas Patra (KVP) from 8.7 percent to 7.8 percent and for five-year recurring deposit to 7.4 percent from 8.4 percent. Even the girl child scheme Sukanya Samridhhi Account (SSA) was not spared. The cut: From 9.2 percent to 8.6 percent. 'The new rates will be effective from next fiscal (April 1, 2016). The interest will be calculated on quarterly basis,' A.K. Chauhan, joint director in National Savings Institute (NSI), told IANS. According to him, the main reason for the downward revision was the two year yield on government securities (G-Sec) had gone down. The interest rates for various small savings schemes were recalculated with reference to the G-Sec yields of equivalent maturity for the period December 2015-February 2016, and based on it, rates on various schemes for 2016-17’s first quarter have been notified. According to the government, the quarterly revision of interest rates will ensure that the interest rates under small savings schemes are more dynamically related to current market rates, thereby enabling the banks to move their interest rates in line with current money market rates. Chauhan said the total corpus of all small savings scheme was around Rs.300,000 crore. The net accretion this year was around Rs.65,000 crore till January 31. The SSA has around 85 lakh accounts with a deposit of around Rs.3,500 crore, while the KVP corpus is over Rs.21,000 crore, Chauhan said. Earlier, the government had proposed a tax on 60 percent of the PPF corpus on maturity if it was not invested in annuities – that is schemes that fetch periodic returns. Also proposed was a limit on monetary contributions of employers in provident fund to Rs.150,000 per annum for tax sops. Both these were withdrawn. The government also cut interest rates on other small savings term deposit schemes. The small savings interest rates are perceived to limit the banking sector’s ability to lower deposit rates in response to the Reserve Bank of India’s monetary policy, the government said last month. Interestingly the rate of interest on the Employees Provident Fund (EPF) is 8.8 percent. 'The self-employed are hit by this move. For them the PPF is the one safe mode of investment. Now the return has come down,' N.Varadarajan, a self-employed person, told IANS. Meanwhile the decision led to a big public outcry on microblogging site Twitter. 'Bleed the ones who pay tax! This #ppf rate cut by #Modi government is so not on, Anti national!,' tweeted Vijaita Singh. Sharing similar sentiments, another net-savvy citizen Sudhanshu S. Singh tweeted: 'What’s this? Interest rate on PPF has been cut to 8.1%. Where should common people invest for safe earning.' Sagar Kumar Jain took a potshot at Prime Minister Narendra Modi’s government, tweeting: 'Modiji has to offer something to common man, everyday!! PPF interest rate cut drastically. Difficult to see Lotus in assembly post 2019.' Some of the postings were especially directed against Finance Minister Arun Jaitley. 'EPF tax or PPF interest: Why is Arun Jaitley anti-common man? Being a billionaire he can’t understand poverty?,' went an equally angry tweet from Bharatha10. The opposition also opposed the government’s decision. 'Government’s decision to cut PF interest rates is unfortunate.Why are they taking away one of the last avenues of savings in a depressed economy?' Congress leader Ahmed Patel tweeted. Party spokesperson Randeep Singh Surjewala, in a statement, said: 'It is a criminal breach of trust with hapless people who put their money in the custody of the government of India with the belief that they will not be cheated.' Communist Party of India-Marxist (CPI-M) general secretary Sitaram Yechury also hit out, tweeting: 'Small savers are the backbone of our savings. With no social security net, they rely on such guaranteed returns.' Economist Ashwaini Mahajan, also the co-convenor of Swadesh Jagran Manch, also criticised the move, saying it will 'leave an adverse impact on the domestic saving'. 'As a student of economics, I feel the authorities must reconsider about the decision. I do not think there was enough and good ground at the moment to slash the interest rate on the PPF,' Mahajan told IANS. |
