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Government has decided to revise the rates applicable on various small savings schemes. Sukanya Samriddhi Account, the flagship scheme to promote savings for the girl child, was announced by Arun Jaitley in his Budget speech.

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Credibility of Indian economy has been re-established. The world is predicting it is India’s time to fly....We have to think in terms of a quantum jump. Incremental changes will not take us anywhere. - Arun Jaitley

The government has started assessment of capital requirement of public sector banks. It has already received presentations of six public sector banks-- UCO Bank, United Bank of India, Allahabad Bank, Punjab National Bank, Punjab & Sindh Bank and Oriental Bank of Commerce.

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