national small savings fund
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  • Explained | Why the Finance Minister wants to discontinue off-budget NSSF loans to Food Corporation of India Feb 10, 2021 01:48 PM IST

    Explained | Why the Finance Minister wants to discontinue off-budget NSSF loans to Food Corporation of India

    Food Corporation of India has been the biggest recipient of off-budget financing through NSSF loans. Finance Minister Nirmala Sitharaman stated in her Budget speech that the Centre would end this practice. Their extra-budgetary nature meant these borrowings did not figure in the fiscal deficit calculation and therefore did not paint an accurate picture of the economy

  • NSSF borrowing runs risk of understating fiscal deficit number: India Ratings Feb 27, 2019 07:45 PM IST

    NSSF borrowing runs risk of understating fiscal deficit number: India Ratings

    The fiscal deficit is a critical number illustrating the macroeconomic strengths of a country and is considered to be inflationary.

  • Govt clears Rs 45,000 cr loan to FCI from NSSF Jan 18, 2017 07:44 PM IST

    Govt clears Rs 45,000 cr loan to FCI from NSSF

    The Cabinet decision to exempt states barring four, Arunachal Pradesh, Delhi, Kerala and Madhya Pradesh, from NSSF investments from April 1, 2016 will help them raise cheaper funds from the market and reduce interest outgo.

  • Interest rates for NSSF loan to Centre, states cut to 8.8% Apr 13, 2016 02:16 PM IST

    Interest rates for NSSF loan to Centre, states cut to 8.8%

    "In line with the revision of interest rates of Small Savings Schemes, interest rates for the National Small Savings Fund (NSSF) loan to Centre and States for FY 2016-17 has been revised and fixed at 8.8 percent," the Finance Ministry said in a statement.

  • India makes small savings more attractive, tweaks structure Nov 11, 2011 09:52 PM IST

    India makes small savings more attractive, tweaks structure

    India has made small savings more attractive in an effort to woo small investors and enlarge the national savings pool, a notification from the finance ministry on Friday showed.

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