Hot Deal Government slashes interest rates on PPF, other small saving schemes

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Government slashes interest rates on PPF, other small saving schemes

Interest rate of PPF have been reduced from 7.1 to 6.4 per cent. While, that on NSC has been slashed to 5.9 per cent from 6.8

Read more at:
http://timesofindia.indiatimes.com/articleshow/...

I HATE THIS GOVT.
You are not giving anything to middle class at all and keep on reducing the interest rates even for small savings.

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Aajao sab mere modi ko bura bhala kehne… sad toungueout

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Kachhe Din aa gaye.

Badnasseb ko laana kyon hai bhaiyon? smile
modi se bada namoona dekha nahi bhai laughing

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Bhai, diye hain na middle class ko.. kuch ajeeb-o-gareeb namune, jo abhi kuch hi der mein ye sabit kar denge ki ye sab desh hit mein hi to hai. sunglasses

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xuseronline wrote:



I HATE THIS GOVT.

Admin edit:‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ ‏‏‎‏‏‎ REMOVED

bro how can you have such strong feelings🥺 for our government. that too such negative🥺 feelings?
.
.
have we not got status and image of being a Vishwa Guru (in online trolling, death and rape threats and so many other fields too)?
.
isn’t Prayagraj (and thereby the whole of India) given justice and its true value by correctly reinstating its name?
.
isn’t corruption wiped out🙂 and now there is no more flight of Indian funds outside India?
.
in-fact haven’t all the previously laundered monies and funds hidden outside India been brought back🙂 and distributed amongst us all?
.
.
haven’t we got perhaps THE BEST social security net EVER ..which any country has had?
social security and healthcare i mean🙂?
.
.
do we not have the best infrastructure, sanitation now? come on! you would agree that our ports are some of the best, with modern equip. and quick turnaround times for vessels (at lowest of costs) and best roads in this part of the world and excellent waterways?
speaking of waterways.. have Yamuna and Ganga been any cleaner before?
.
.
and don’t tell me you were not happy when the sweetest🤗 of sweet government told us/ensured what we eat and especially what we should not?
.
.
have there been ANY terror attacks now? okay may one odd one.. but haven’t we.. our government in a quick and transparent manner investigated them and brought to justice all the perps?
.
.
do we not have the best foreign policy now and even better diplomatic relations now?
did we ever before…. so enthusiastically attend (officially send our diplomats to attend) တော်လှန်ရေးနေ့ Resistance Day aka တပ်မတော်နေ့ the Armed Forces Day in Nay Pyi Taw, Yangon as we did this time? when after the coup…. daily dozens of civilians, innocent people including children are being gunned down there?
.
.
.
have we ever before shown our pesky neighbours (for example Nepal Pakistan PRC Bangladesh) their place… any better than we do now?
….have we not had “zero” incursions into our country from those neighbours? and aren’t all of them scared of India so much and respect us so much that now they do not dare issue official maps of their country by including our territory in it?
Never happened under the present 🤗government.
.
.
haven’t we now got state government/s (and hopefully soon the Central government🤗) requiring our women to report themselves, their movements to the venerated local police… for their own safety.
Do the women not feel more liberated and safe now that they have their whereabouts being monitored by the police?
.
.
Hasn’t the statue of unity been built in Gujarat? It would soon be followed up by Statue of Hindi in TamilNadu and Statue of Feminism in Haryana… to represent exactly what those states symbolise and respectively stand for.
.
i really fail to understand what you are sooooo upset about @xuseronline …. i mean this government was the first ever to send the head of the government to Mongolia🙂 and is even ensuring that the incomplete demolition of that whatever built near Faizabad at the behest of that Babur fellow too is completed. (by properly demolishing it now)…. and
….now we even have NASA and SpaceX recognising 21st June as International Yog Day.
(donch ya remember how frugal, futile and faaltu our lives were.. till we got this validation from the pale skins/ white men?)

.
it baffles me no end🤕🤯 as to what more you want! @xuseronline

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anak wrote:

bro how can you have such strong feelings🥺 for our government. that too such negative🥺 feelings?
.
.
have we not got status and image of being a Vishwa Guru (in online trolling, death and rape threats and so many other fields too).
.
isn’t Prayagraj (and thereby the whole of India) given justice and its true value by correctly reinstating its name?
.
isn’t corruption wiped out🙂 and now there is no more flight of Indian funds outside India?
.
in-fact hasn’t all the previously laundered and money hidden outside India been brought back🙂 and distributed amongst us all?
.
.
haven’t we got some of THE BEST social security EVER that any country has had?
social security and healthcare i mean🙂?
.
.
do we not have the best infrastructure, sanitation now? come on! you would agree that our ports are some of the best with modern equip. and quick turnaround times for vessels at lowest of costs and best roads in this part of the world and excellent waterways?
speaking of waterways.. have Yamuna and Ganga been any cleaner before?
.
.
and don’t tell me you were not happy when the sweetest🤗 of sweet government told/ensured what we eat and especially what we should not?
.
.
have there been ANY terror attacks now? okay may one odd one.. but haven’t we.. our government in a quick and transparent manner investigated them and brought to justice all the perps?
.
.
do we not have the best foreign policy now and even better diplomatic relations now?
did we ever before so enthusiastically attend (officially send our diplomats to attend) တော်လှန်ရေးနေ့ Resistance Day aka တပ်မတော်နေ့ the Armed Forces Day in Nay Pyi Taw, Yangon as we did this time? when after the coup daily dozens of civilians, innocent people including children are being gunned down?
.
.
.
have we ever before shown our pesky neighbours (for example Nepal Pakistan PRC Bangladesh) their place… any better than we do now?
….have we not had “zero” incursions into our country from those neighbours? and aren’t all of them scared of India so much and respect us so much that now they do not dare issue official maps of their country by including our territory in it?
Never happened underthe present 🤗government.
.
.
haven’t we now got state government (and hopefully soon the Central government🤗) requiring our women to report themselves, their movements to the venerated local police… for their own safety.
Do the women not feel more liberated and safe now that they have their whereabouts being monitored by the police?
.
.
Hasn’t the statue of unity been built in Gujarat? It would soon be followed up by Statue of Hindi in TamilNadu and Statue of Feminism in Haryana… to represent exactly what those states symbolise and respectively stand for.
.
i really fail to understand what you are sooooo upset about @xuseronline …. i mean this government was the first ever to send the head of the government to Mongolia🙂 and is even ensuring the incomplete demolition of that whatever built near Faizabad at the behest of that Babur fellow too will be completed. (by properly demolishing it now)…. and ….even have NASA and SpaceX recognise 21st as International Yog Day.
(donch ya remember how frugal, futile and faaltu our lives were.. till we got this validation from the pale skins/ white men?)

.
it baffles me no end🤕🤯 as to what more you want! @xuseronline

I guess this was a sarcastic comment…..

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rahul2004 wrote:

I guess this was a sarcastic comment…..

…..hahahaha….sarcastic and funny…

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Abki baar…

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deb3l wrote:

Bhai, diye hain na middle class ko.. kuch ajeebo gareeb namune, jo abhi kuch hi der mein ye sabit kar denge ki ye sab desh hit mein hi to hai. sunglasses

Middle class ko middle ungli. Waah modi ji waah. biggrin

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Modiji ne kiya hai toh soch samaj kar hi kiya hoga stuck_out_tongue

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I expect rates to go up next year onwards. Definitely in 2023-24 though. Election year.

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Ramta_Jogi wrote:

I expect rates to go up next year onwards. Definitely in 2023-24 though. Election year.

Spot on nitish Rana laughing joy

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Right. Middle class guys are suffering.

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Acha bhai, to give a perspective https://www.moneycontrol.com/news/business/pers...
So, basically Govt uses this money to finance the country.
So, how do govt earn?

will through some lights on it.
Some channels to follow to know more on it https://youtube.com/c/TheMruna...el and https://youtube.com/c/Afree...at. I found them really great to understand things from basic level.
is a very good video. Refer it.

FD interest rate in 2012 was 9.25%, PPF interest rate for the same year was 8.80%. (8.27%, 8.7%), (9.25%, 8.7%), (8.25% ,8.7%), (5.4~8.5%, 8.1%), (6.8~7.6%, 7.9%), (6~6.75%,7.6%), (6.4%, 7.9%), (6.7% ,7.1%), (6.2%, 7.1%, ), (5.7%, 6.4%) are FD rates (randomly picked from internet, I apologise for any discrepancies, it’s very difficult to be consistent and PPF rates respectively from 2012 onwards till date. 🙂 Tally the data with the data from the internet, kindly rectify em.
And this will give a table compiling historical base rate from SBI https://sbi.co.in/web/interest-rates/interest-r... (10% (2013) ~ 7.4% (2021) is hell of a journey).
https://www.cnbctv18.com/finance/home-loan-rate... so, home loans are at historically low rates. Personal loans rates has touched 5 year low https://www.businessinsider.com/personal-financ...

https://www.moneycontrol.com/news/business/econ... fiscal rate is also increasing.

Covid woes are there. Damage has been done.

COVID-19 vaccination: At current rate, India will take 10.8 years to vaccinate 70% population source: https://www.businesstoday.in/coronavirus/covid-... . So, there is limited money and more mouth to feed. That’s a problem.
Our worries as common-men are extremely valid. Our outrage is justified. Let’s keep ourselves informed on current situation and act as the situation demand. 🙂🙏

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Ramta_Jogi wrote:

I expect rates to go up next year onwards. Definitely in 2023-24 though. Election year.

Millions of people are now laughing on this BEST joke ever smiling_imp rage

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bikidas2060 wrote:

Acha bhai, to give a perspective https://www.moneycontrol.com/news/business/pers...
So, basically Govt uses this money to finance the country.
So, how do govt earn?

will through some lights on it.
Some channels to follow to know more on it https://youtube.com/c/TheMruna...el and https://youtube.com/c/Afree...at. I found them really great to understand things from basic level.
is a very good video. Refer it.

FD interest rate in 2012 was 9.25%, PPF interest rate for the same year was 8.80%. (8.27%, 8.7%), (9.25%, 8.7%), (8.25% ,8.7%), (5.4~8.5%, 8.1%), (6.8~7.6%, 7.9%), (6~6.75%,7.6%), (6.4%, 7.9%), (6.7% ,7.1%), (6.2%, 7.1%, ), (5.7%, 6.4%) are FD rates (randomly picked from internet, I apologise for any discrepancies, it’s very difficult to be consistent and PPF rates respectively from 2012 onwards till date. 🙂 Tally the data with the data from the internet, kindly rectify em.
And this will give a table compiling historical base rate from SBI https://sbi.co.in/web/interest-rates/interest-r... (10% (2013) ~ 7.4% (2021) is hell of a journey).
https://www.cnbctv18.com/finance/home-loan-rate... so, home loans are at historically low rates. Personal loans rates has touched 5 year low https://www.businessinsider.com/personal-financ...

https://www.moneycontrol.com/news/business/econ... fiscal rate is also increasing.

Covid woes are there. Damage has been done.

COVID-19 vaccination: At current rate, India will take 10.8 years to vaccinate 70% population source: https://www.businesstoday.in/coronavirus/covid-... . So, there is limited money and more mouth to feed. That’s a problem.
Our worries as common-men are extremely valid. Our outrage is justified. Let’s keep ourselves informed on current situation and act as the situation demand. 🙂🙏

The problem with Indian middle class is the “safe playing sin”. Poor people struggle to make ends, they endanger their lives quite a lot of time. Rich people take risks, I mean after crossing that middle class threshold one achieves the rich status. It’s doable. But maintaining the rich status is a big problem.
Poor get subsidies, rich eats the cream n middle class get sandwiched in between.

A study says 28% population is middle class https://www.livemint.com/news/india/the-anatomy... (https://www.tandfonline.com/doi/abs/10.1080/095....)

On a positive note, there is a roof over head, there is food in the dish, there are clothes on body of a middle class person. Lending rates are decreasing. So, people might find unique ideas to set a business n earn something from it.

is a story of a couple. We will say, they had a car. They had something. It’s true. But a lot of people had such things, a few people tried something like this,
is another story.

As long as Indians are not comfortable in taking risks in lives, traditional methods won’t save us.

I criticize Gandhiji on many occasions. But there is one quality I will never forget. He was invested heavily on self reliance and sustainable small businesses in villages. https://www.mkgandhi.org/articles/bhuima...tm Thanks to Nehru bhai, who actuated industrial revolution in India but asphyxiated our villages. Villagers went to cities to look for work and you have seen the results in 70 years.
Now some will argue, man, in the era of robots, who gonna buy your handcrafted things? Best things in the world are handmade https://money.cnn.com/2015/04/30/autos/rolls-ro..., https://www.mbgilbert.com/blog/are-all-mercedes....
Big countries have understood this. I sincerely hope this will be taken as a serious consideration by whoever is in power either BJP/Congress/whatever party.

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grinningGovernment withdraws small savings scheme rate cut

Finance Minister Nirmala Sitharaman said the orders issued by oversight shall be withdrawn.

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Ramta_Jogi wrote:
grinningGovernment withdraws small savings scheme rate cut

Finance Minister Nirmala Sitharaman said the orders issued by oversight shall be withdrawn.

April fools joke?

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tvirus wrote:

April fools joke?

I hope not. It’s on every major news site

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Ramta_Jogi wrote:

I hope not. It’s on every major news site

News par hai toh joke hi hoga

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Admin
bikidas2060 wrote:

Acha bhai, to give a perspective https://www.moneycontrol.com/news/business/pers...
So, basically Govt uses this money to finance the country.
So, how do govt earn?

will through some lights on it.
Some channels to follow to know more on it https://youtube.com/c/TheMruna...el and https://youtube.com/c/Afree...at. I found them really great to understand things from basic level.
is a very good video. Refer it.

FD interest rate in 2012 was 9.25%, PPF interest rate for the same year was 8.80%. (8.27%, 8.7%), (9.25%, 8.7%), (8.25% ,8.7%), (5.4~8.5%, 8.1%), (6.8~7.6%, 7.9%), (6~6.75%,7.6%), (6.4%, 7.9%), (6.7% ,7.1%), (6.2%, 7.1%, ), (5.7%, 6.4%) are FD rates (randomly picked from internet, I apologise for any discrepancies, it’s very difficult to be consistent and PPF rates respectively from 2012 onwards till date. 🙂 Tally the data with the data from the internet, kindly rectify em.
And this will give a table compiling historical base rate from SBI https://sbi.co.in/web/interest-rates/interest-r... (10% (2013) ~ 7.4% (2021) is hell of a journey).
https://www.cnbctv18.com/finance/home-loan-rate... so, home loans are at historically low rates. Personal loans rates has touched 5 year low https://www.businessinsider.com/personal-financ...

https://www.moneycontrol.com/news/business/econ... fiscal rate is also increasing.

Covid woes are there. Damage has been done.

COVID-19 vaccination: At current rate, India will take 10.8 years to vaccinate 70% population source: https://www.businesstoday.in/coronavirus/covid-... . So, there is limited money and more mouth to feed. That’s a problem.
Our worries as common-men are extremely valid. Our outrage is justified. Let’s keep ourselves informed on current situation and act as the situation demand. 🙂🙏

https://timesofindia.indiatimes.com/business/in...

Missing