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Home Coronavirus 'Oversight Or Poll-Driven Hindsight?': Priyanka Gandhi On Nirmala Sitharaman's Interest Rate U-Turn

‘Oversight Or Poll-Driven Hindsight?’: Priyanka Gandhi On Nirmala Sitharaman’s Interest Rate U-Turn


Priyanka Gandhi hinted that Nirmala Sitharaman’s U-turn was influenced by the continued polls.

New Delhi:

Congress chief Priyanka Gandhi at present requested Finance Minister Nirmala Sitharaman if the Centre’s in a single day flip-flop on small financial savings scheme rates of interest was a case of “oversight” as claimed or considered one of election-driven “hindsight”. She tweeted shortly after the latter posted on the microblogging website early this morning withdrawing the steep cuts in charges introduced yesterday, the final day of Monetary 12 months 2020-2021. The Trinamool Congress, battling the BJP furiously in West Bengal, additionally mocked the Union authorities.

Yesterday’s announcement by the Finance Ministry noticed rates of interest on schemes such because the Nationwide Financial savings Certificates and Public Provident Fund (PPF) being reduce of as much as 1.1 per cent for the primary quarter of 2021-22 in a large blow to middle-class depositors. With this, the PPF charges stood at a four-decade low.

Nevertheless, Ms Sitharaman introduced this morning that final night’s orders have been a case of “oversight”. She tweeted: “Rates of interest of small financial savings schemes of GoI shall proceed to be on the charges which existed within the final quarter of 2020-2021, ie, charges that prevailed as of March 2021. Orders issued by oversight shall be withdrawn. @FinMinIndia @PIB_India.”

Lower than an hour later, the Congress Normal Secretary answerable for Uttar Pradesh responded together with her question.

Ms Gandhi was doubtless hinting on the authorities’s injury management amid Meeting elections in 5 states, phase-II polling for which is on at present in states like West Bengal and Assam.

The Trinamool Congress’s Derek O’Brien was much more direct in mocking the Centre. His get together is preventing a serious battle in West Bengal the place the opposition BJP is trying to topple Chief Minister Mamata Banerjee’s decade-old authorities.

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