National Small Savings Fund

The Senior Citizen's Savings Scheme (SCSS), designed for individuals aged 60 years or employees above 55 years of age and below 60 years of age, offers 8.2 per cent interest per annum

If you are investing for specific long-term goals, such as your children's education or marriage, small savings schemes may be the ideal option. Fixed deposits are better suited for short-term goals

The government made the cash infusion before the financial year 2020-21 ended, letting FCI begin FY22 on a clean slate in terms of unsecured loans

In 2017-18, West Bengal accounted for 15 per cent of the total contributions made to the NSSF; its share increased from 12.4 per cent in 2007-08

Costlier loans from NSSF, at 7.4% interest rate, will occupy more than 10% share in govt's outstanding public debt soon, all to give the small saver a higher interest rate than the market

What began with food security, off-Budget financing now caters heavily to a range of core spending areas

India still does not have a "one retirement account" concept, with the intended money distributed across various schemes. Pension fund managers are underlining NPS as the preferred way ahead

The govt will face unprecedented budgetary challenges to ensure India remains hunger-free

Tied spending, revenue crunch mean the finance minister did the best she could on financing the deficit

The NHAI took Rs 20,000 crore from the NSSF in 2018-19. Its plan is to raise about Rs 40,000 crore from the latter during 2019-20

Less portion being used to pay for the current expenditure

The move is in sync with the reduction in interest on small savings schemes with effect from April 1 this year