Time for hard decisions
M SABHARWAL,
Managing Director, India Life Hewitt
Nobody believes that the 50 per cent increase in the share of key administered interest rate plans (small savings and provident fund) to 33 per cent of household financial savings in the last seven years has been driven by innovation, better service or patriotism. And, the single reason is higher returns than anything else available.
It is important to understand that small saving schemes or the PF commissioner does not