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No takers for small savings scheme

The National Small Savings Fund (NSSF), which used to be a major avenue for people to park money, is losing out to banks, mutual funds and insurance companies. The NSSF's net collections in 2007-08......

Centre pays higher price to keep pensioners happy

Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt. To keep the......

Govt expenses to make your head spin!

IDS-2 and raids to uncover black money stash keep receipts flowing, report Arup Roychoudhury and Sanjeeb Mukherjee.Illustration: Dominic Xavier/Rediff.com Even as the cash crunch following......

Govt to borrow Rs 53k cr more this fiscal

The finance ministry said the government would borrow an additional Rs 52,800 crore (Rs 528 billion) from the market over the Budget target in the current financial year, sending bond yields......

Interest on small savings may be market-linked

The government has set up a committee to look into deregulating interest rates on small savings instruments such as public provident fund schemes, a move aimed at linking them to market rates. The......
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