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Letters to the Editor April 2, 2021 April 02, 2021 00:02 IST Updated: April 02, 2021 00:02 IST Updated: Share Article Rate reversal The Central government’s flip flop on the interest rates of small savings schemes such as the PPF has confirmed the worst fears of the public. That the order was then taken back in less than half a day only suggests that the government has no idea how to steer the economy, leave alone manage its borrowings in this crucial time. The Finance Ministry, by sheer practice, has become more adept at drafting demand notices than monetary policy. Rachit Bhatia, Hyderabad Such an important decision would have had to go through many channels of officialdom before it was announced. After it was in the public domain the government may have developed cold feet on realising that it was in the middle of election season and that any adverse reactions would have hurt the BJP badly. The belated explanation of ‘oversight’ is a tall story.

Andhra pradeshUttar pradeshTamil naduBidyut kumar chatterjeeDeepak singhalRachit bhatiaFinance ministryApril fool dayWare indiansKumar chatterjeeLetters to the editorஆந்திரா பிரதேஷ்உத்தர் பிரதேஷ்தமிழ் நாடுபிட்யுட் குமார் சாட்டர்ஜிதீபக் சிங்கால்