The sharp cut in small savings rates was overdue. Low interest rates can be passed on to borrowers only when rates of all savings schemes are reduced. Small savings rates should remain aligned to prevailing bank rates in the larger economic interest, even if it hurts a section of depositors.
Media is critical to defeating coronavirus. Pandemic isn’t an opportunity for govt power play
The Supreme Court has done well to protect media freedoms by saying it doesn’t want to interfere with free discussion about Covid-19. Media is critical to defeating coronavirus. Governments should partner it by being transparent and sharing information, not impose restrictions. A pandemic shouldn’t become an opportunity for power play.