Govt releases money from NSSF for Air India's VVIP planes purchaseThese planes would be used to ferry President, Vice President and Prime Minister.
Cutting small savings rate makes little senseBy continuing reduction in rates, government is giving in to a “financial market populist” demand.
Demonetisation postpones Acche DinThe government is hoping an economic revival in the next fiscal year, but that will happen only if the demonetisation effect is indeed shor...
Govt approves Rs 45,000 crore loan to FCIThe Union Cabinet approved one-time loan of Rs 45,000 crore from National Small Savings Fund to FCI to meet its food subsidy requirements.
Interest rates for National Small Savings Fund loan to Centre, states cut to 8.8%With decline in interest rates on small savings, NSSF loan rate to the Centre as well as states has also been lowered to 8.8 per cent from ...
Government expects to net Rs 1,100 cr from small savings in FY'13The government is expecting a net inflow of Rs 1,100 crore in the current fiscal from small savings schemes like PPF and MIS .
- State governments are increasingly relying on market borrowings to fund their spendings: Icra
Repayment pressures are likely to be limited for in the medium term despite increasing levels of debt stock, according to a study published...
Govt for better interest, higher deposit ceiling for PPF and cut in maturity of NSCsThe ministry is of the view that a more friendly NSSF will win back investors who have been flocking to banks lured by higher interest rate...
- Lending rate on small savings loans to states linked to FRBM
The Union cabinet has cleared a finance ministry proposal to withdraw lower lending rates offered to states on loans from NSSF.
- Small savings rates may be linked to mkt
The government has kicked off a review of the small savings schemes, which could lead to deregulation of interest rates or benchmarking of ...
- Centre wins sum, loses sum from NSSF rise
A revival of interest in small savings schemes may help the government reduce dependence on market borrowings and pressure on interest rate...
- States’ central borrowings may carry higher cost
States may soon have to pay higher interest rates on borrowings from the National Small Savings Fund (NSSF) as well as post office small sa...
- States save 6k cr a year as small savings fund rate cut to 10.5%
In a move that will provide substantial relief to states, the Centre has reset the interest rate on their loans from the National Small Sav...
- Save NSSF before it collapses, burdens infra SPV
The budget decision to provide NSSF money to government-owned infrastructure company IIFCL is presumably a bid to avert the fund blowing up...
- Interest rate on states’ NSS loans to be cut to 10.5%
In what may come as a big relief to the states, the Centre has agreed to their plea to reset interest rate on loans taken from National Sma...
- States may get a taste of market borrowing
To Keep interest rates in check, the Centre may permit state governments to partially switch to market borrowings, instead of having to pic...
- Govt plans cheaper funding for states
The finance ministry has mooted a proposal to ease the borrowing costs for states to finance their annual plans, which, if approved, could ...