Disregarding the utter lack of a social security net for millions post-retirement, instead of giving them free medical help, the Centre has decided to reduce interest rates on Kisan Vikas Patra, National Savings Certificates and Public Provident Fund. It is right to call it a "suit-boot ki sarkar" that favours defaulter industrialists while punishing regular taxpayers.

This government looks keen on sponging up all the extra money it can get, from taxes on crude oil sales to common peoples’ savings. Aneesha GoswamiVia email. Journal bearings This will also have a direct bearing on rates of interest for fixed deposits and savings accounts