Feb 10, 2021 01:48 PM IST
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
- Feb 27, 2019 07:45 PM IST
The fiscal deficit is a critical number illustrating the macroeconomic strengths of a country and is considered to be inflationary.
- Jan 18, 2017 07:44 PM IST
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.
- Apr 13, 2016 02:16 PM IST
"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.
- Nov 11, 2011 09:52 PM IST
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.