000			00926pab a2200181 454500
008			180718b1998 xxu||||| |||| 00| 0 eng d
100			_aMohanty, M.S.
245			_aEffective cost of small savings
260			_c1998
300			_ap.269-80
362			_aSep
520			_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
650			_aSavings - India
650			_aSavings
700			_aRaje, Nishita
773			_aReserve Bank of India Occasional Papers
909			_a39879
999			_c39879 _d39879