Panel submits report on farm laws to SC
Why is it in news?
- The Centre withdraws March 31 order, hours after notifying significant cuts in small savings instruments’ returns for this quarter.
- The government backtracked and reversed the sharp rate cuts that sent the Public Provident Fund (PPF) return to a multi-decade low.
- The rate of return on the Public Provident Fund down from 7.1% to 6.4% and effecting cuts was ranging from 40 basis points (0.4%) to 110 basis points (1.1%).
Source: The Hindu.