............One
such avenue could be inflation-indexed small saving instruments (IISSI)
to be sold through the network of more than 1,55,000 post offices, and
bank branches. These IISSI could be an extension of existing instruments
like small savings accounts, recurring deposits or public provident
funds with a regular interest reset clause, as envisaged in the ‘Report
on System of Administered Interest Rates’ (Chairman: YV Reddy, 2001).
Existing national savings certificates (NSC) could have an
inflation-indexed option or even introduction of inflation indexed
special bearer bonds. And more importantly.................
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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