Top headlines: Govt to borrow Rs 4.88-trn, PPF to fetch 7.1%, and more

From Centre allowing 100% rebate on PM-CARES fund, top 22 families losing Rs 22 trillion to vegetable markets coming back to life, Business Standard brings you top headlines of the day

Govt to borrow Rs 4.88 trn, 62.56% of gross target in April-Sept period

During the April-September period, the Centre will borrow Rs 4.88 trillion, or 62.56 per cent of the 2020-21 gross borrowing target of Rs 7.8 trillion, keeping the borrowing plans at the same level as FY20. Despite expectations from the government to borrow more due to the Covid-19 pandemic, the Centre has assured that its borrowing programme is designed to meet every requirement from healthcare to economy. Read More...

PPF to fetch 7.1%, NSC 6.8% as govt cuts small savings interest rates

Small saving schemes like