National
Caution needed in cutting small savings rates: Jaitley
New Delhi: The government has to move cautiously in the matter of cutting small savings schemes interest rates in order to protect vulnerable sections of society, Finance Minister Arun Jaitley said on Friday.
“We as an elected government have to look at it in addition to the economic principles with a sense of political pragmatism,” Jaitley said answering a query on the matter at the Hindustan Times Leadership Summit here.
Citing the example of the Girl Child Scheme launched last year, he said: “If after one year you immediately slash the interest rate down radically, it may not be very politically prudent… therefore you have to move in that direction but you have to move a little cautiously.”
Small saving schemes normally pay an interest rate of 8.75 percent, compared to 7.5 percent paid on deposits by state-run State Bank of India.
The RG Marathon Championship Run 2023 in Goa was a testament to inclusivity. Initially resistant to including persons with disabilities, it eventually featured wheelchair and standing categories, thanks to advocates’ efforts. Participants showed exceptional determination, emphasizing unity in diversity. Despite challenging weather, they demonstrated the power of community support, highlighting the need for accessibility and inclusion in all state-level events in Goa.
Following the marathon, a gathering of differently-abled individuals, predominantly wheelchair users, convened for a celebratory lunch at Barzilla. The event, orchestrated by Mr. Shariq Khan and Mr. Zain Aftab, proprietors of Barzilla, honored the birthday of Sadaf Fatima, who also uses a wheelchair and is Mr. Shariq Khan’s wife.
The lunch featured esteemed guests including the Tourism Minister of Goa, MLA Rohan Khaunte of Porvorim, Social Welfare Minister Subhash Phal Desai, and the State Commissioner for Persons with Disability in Goa, Guruprasad Pawaskar. The event was impeccably hosted by Ms. Falak Fatima and Mr. Adarsh Parashar, offering activities such as Karaoke and Billiards. The youth of Goa exhibited their unwavering support for the community, making the party an unequivocal success.
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