Small savings schemes—the market-linkage farce will come to bite investors
Thanks Rajesh. I think the story mentions the fact of lag in SSS interest rates in different contexts or to buttress points with examples. On the Modern Monetary Theory (MMT), many experts think that it is not suitable for India given that we do not meet the pre-conditions of the theory - for instance, India's borrowings are not entirely done in its own currency. Also, critics point to the risk of high inflation with MMT. Even in Japan which prints and largely borrows in its own fiat currency, MMT carries risks and may not work, say critics. Below are some interesting reads. https://theprint.in/economy/why-emerging-markets-like-india-are-wary-of-using-modern-monetary-theory-to-fix-the-economy/532893/ https://www.livemint.com/opinion/columns/modern-monetary-theory-let-s-look-at-it-from-india-s-perspective-11612886536139.html https://www.business-standard.com/article/opinion/does-japan-vindicate-modern-monetary-theory-121123101371_1.html