00875pab a2200157 454500008004000000100001800040245003600058260000900094300001300103362000800116520049900124650002000623650001200643700001800655773004400673180718b1998   xxu||||| |||| 00| 0 eng d  aMohanty, M.S.  aEffective cost of small savings  c1998  ap.269-80  aSep  aSmall saving schemes involve both an explicit and implicit cost to the government. The implicit cost, which arises from several tax concessions offered on these investments not only introduces distortion to the relative return of various assets in the financial market but also gives rise to high effective cost of borrowing for the government. This paper examines the nature and extent of hidden cost of small savings and explores the possibility of reducing these costs in India. - Reproduced  aSavings - India  aSavings  aRaje, Nishita  aReserve Bank of India Occasional Papers