Small Savers

These multi-functional and versatile pieces of furniture can be a life and space saver in small houses.

The RBI announcement attempting to assure the public comes as anger intensified in the country on Sunday with banks struggling to dispense money following the government's decision to withdraw large denomination notes in an attempt to uncover many billions of dollars in undeclared wealth.

India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, a top finance ministry official said on Thursday.

The reduction could hit more than 6.5 million depositors.

The Finance Ministry on Monday said the interest of small savers, especially of senior citizens and the girl child, will be kept in mind while reviewing the deposit rates for schemes in light of falling bank interest rates.

Billions of dollars are pouring into oil exchange-traded funds (ETFs) as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards.

These multi-functional and versatile pieces of furniture can be a life and space saver in small houses.

The RBI announcement attempting to assure the public comes as anger intensified in the country on Sunday with banks struggling to dispense money following the government's decision to withdraw large denomination notes in an attempt to uncover many billions of dollars in undeclared wealth.

India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, a top finance ministry official said on Thursday.

The reduction could hit more than 6.5 million depositors.

The Finance Ministry on Monday said the interest of small savers, especially of senior citizens and the girl child, will be kept in mind while reviewing the deposit rates for schemes in light of falling bank interest rates.

Billions of dollars are pouring into oil exchange-traded funds (ETFs) as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards.