Day: February 14, 2018

PPF plans won’t lose protection

New Delhi: The finance ministry on Tuesday clarified that it won’t water down protection enjoyed by PPF depositors against court attachments and small saving schemes will continue to enjoy current tax benefits and higher interest rates even after amendments proposed in the Union Budget 2018. Currently, if a PPF depositor defaults […]

Small Savings Act amended to allow flexibility to investors

New Delhi: In order to remove existing ambiguities due to multiple acts and rules for small saving schemes and further strengthen the objective of “Minimum Government, Maximum Governance”, the Finance Ministry on Tuesday proposed a merger of the Government Savings Certificates Act, 1959 and the Public Provident Fund (PPF) Act, 1968 with the Government Savings Banks Act, […]