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Centre pays higher price to keep pensioners happy
Rediff.com

Centre pays higher price to keep pensioners happy

Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt. To keep the pensioners’ lobby happy, the Centre seems to have taken a retrograde step to manage its borrowings in FY18. It has decided to cut down on cheaper borrowings from the market to instead pick up costlier money from the high-cost National Small Savings Fund (NSSF). This will mean, in FY18, the Centre will pay out ... Rediff.com, 1 month ago
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