Monday, April 12, 2021
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View: What happens when political compulsions come in the way of fiscal prudence?

SSS should flip viable over time, with much less authorities intervention in fund use and progressively linking returns to markets.

Synopsis

The motion to sharply lower curiosity returns on State-backed small financial savings schemes (SSS), and a fast correction to reverse it — in what would go down as the quickest rollback of a reasonably essential authorities determination. But we will guess.

We know the dictionary definition of oversight: an unintentional failure to note or do one thing. What we don’t is what triggered the ‘error’ — the motion to sharply lower curiosity returns on State-backed small financial savings schemes (SSS), and a fast correction to reverse it — in what would go down as the quickest rollback of a reasonably essential authorities determination. But we will guess.

Probably, a well-meaning bureaucrat, serving a deficit-conscious

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