Small Savers Win

Last week, the government hiked up the interest rate it pays on the so-called small savings schemes like PPF, post office savings deposits, monthly income schemes and NSC. Obviously, this will be very welcome by the crores of Indians who use these instruments for their savings. However the current set of changes in these interest rates is far more significant than those in the past. I wou

This article was originally published on November 16, 2011.