{"id":31321,"date":"2018-10-27T13:07:30","date_gmt":"2018-10-27T07:37:30","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31321"},"modified":"2018-10-27T13:07:30","modified_gmt":"2018-10-27T07:37:30","slug":"centre-to-consolidate-small-savings-laws","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/centre-to-consolidate-small-savings-laws\/","title":{"rendered":"Centre to consolidate small savings laws"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Economy\/centre-to-consolidate-small-savings-laws\/article22744767.ece\"><b>Centre to consolidate small savings laws<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In a bid to consolidate the legislations pertaining to small savings schemes, the government is proposing a merger of the various laws into a Government Savings Promotion Act.<\/span><\/li>\n<\/ul>\n<p><b>Highest priority:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The government gives highest priority to the interest of small savers, especially savings for the benefit of girl child, the senior citizens and the regular savers who form the backbone of our country\u2019s savings architecture.<\/span><\/li>\n<\/ul>\n<p><b>Benefits retained<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">No existing benefits to depositors are proposed to be taken away through this process.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The main objective in proposing a common Act is to make implementation easier for the depositors.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To introduce certain flexibilities for the investors.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Some of the small savings schemes also enjoy income tax benefits.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Centre to consolidate small savings laws Context: In a bid to consolidate the legislations pertaining to small savings schemes, the government is proposing a merger of the various laws into a Government Savings Promotion Act. Highest priority: The government gives highest priority to the interest of small savers, especially savings for the benefit of girl&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/centre-to-consolidate-small-savings-laws\/\">Continue reading <span class=\"screen-reader-text\">Centre to consolidate small savings laws<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31321","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704796647},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31321"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31321\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}