Government slashes interest rates on PPF, other small saving schemes
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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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Good for Equity Market though
More liquidity
Huehuehuehue
good move👍🏼 …
…. it willhelp India ‘grow’ even more.
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humko tou bass vikas chahiye… aur aur aur vikas.
https://youtube.com/watch?t=0s&v=oVGkDFi4jMc
Acha bhai, how to tag a person by not mentioning them?
Kachhe Din aa gaye.
Badnasseb ko laana kyon hai bhaiyon? 
modi se bada namoona dekha nahi bhai 
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. 
Middle class ko middle ungli. Waah modi ji waah. 
Modi ki FAAD 
Modiji ne kiya hai toh soch samaj kar hi kiya hoga 
I expect rates to go up next year onwards. Definitely in 2023-24 though. Election year.
Right. Middle class guys are suffering.
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?
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.
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.
Government withdraws small savings scheme rate cut
https://www.moneycontrol.com/news/business/gove...
pyaz khao ya nahi lekin bottle puri chadha rakhi hai
Translation:
Government withdraws small savings scheme rate cut
Finance Minister Nirmala Sitharaman said the orders issued by oversight shall be withdrawn.
April fools joke?
Going good, it should be negative.
Still, they have not come on the correct path. Customers are the ones who should pay the bank or any financial institutions as they are safeguarding the money. The interest which the customer should pay to institutions should be around 12 – 25 %
I am saying this from the beginning and many times. It’s coming true.
Enjoy the freedom friends
itna bhi @aatmanirbhar bann’na kis kaam ka @cody?
Translation: thanks, but no thanks!
https://cdn0.desidime.com/attachments/photos/675354/original/7509702____________itna__bhi__AtmaNirbhar__bann_na__kis__kaam__ka__cody.jpg
Good for Equity Market though
More liquidity
Huehuehuehue
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.
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.
bro how can you have such strong feelings🥺 for our government. that too such negative🥺 feelings?
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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)?
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isn’t Prayagraj (and thereby the whole of India) given justice and its true value by correctly reinstating its name?
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isn’t corruption wiped out🙂 and now there is no more flight of Indian funds outside India?
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in-fact haven’t all the previously laundered monies and funds hidden outside India been brought back🙂 and distributed amongst us all?
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haven’t we got perhaps THE BEST social security net EVER ..which any country has had?
social security and healthcare i mean🙂?
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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?
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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?
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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?
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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?
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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.
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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?
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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.
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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?)
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it baffles me no end🤕🤯 as to what more you want! @xuseronline