The RBI's Monetary Policy Committee (MPC) on February 7 lowered interest rates by 25 basis points to 6.25 percent from 6.5 percent after almost five years.
A government official said the Centre has targeted lower collections via small savings in FY25 as mop-up from some schemes may taper going ahead.
NSSF consists of public investments in schemes like postal deposits, savings certificates, public provident fund and senior citizens' savings scheme, among others
On capital expenditure, this official said, spending has reached around 80 percent of the revised 2023-24 target of Rs 9.5 lakh crore as of early February 2024.
TV Somanathan also said that NSSF inflows will not be impacted even if many people shift to the new direct tax regime
Hint: What a scheme pays out to subscribers as interest depends much on what the scheme earns.
The government has an array of diverse schemes to inculcate the habit of steady savings with dependable returns among small-scale investors
Experts welcomed the move as a step towards enhancing budget transparency
FCI can determine neither the purchasing/sale price not the quantities it wants to buy or sell
The gross market borrowing of the state governments is likely to rise from Rs 3.7 trillion in 2016-17 to Rs 4.5 trillion in 2017-18 which would exert an upward pressure on state development loans (SDL) yields in the next fiscal, rating agency ICRA said.
ICRA Ratings has come out with its report on debt burden of State Governments. According to the rating agency tax revenues are expected to expand at a moderate pace in 2011-12, which may dampen the pace of growth of RR relative to the BE for 2011-12.