00926pab a2200181 454500 180718b1998 xxu||||| |||| 00| 0 eng d Mohanty, M.S. Effective cost of small savings 1998 p.269-80 Sep Small 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 Savings - India Savings Raje, Nishita Reserve Bank of India Occasional Papers 39879 39879 39879 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 19, Issue no: 3 AR40250 2018-07-19 2018-07-19 AR