Savings interest rate cut rollback: Oversight or political hindsight?

The Centre on Thursday withdrew its order slashing interest rates on small savings schemes, including National Savings Certificates (NSC) and Public Provident Fund (PPF), for the first quarter of 2021-22. Finance Minister Nirmala Sitharaman said the it was an "oversight" -- a move being seen as an attempt by the BJP to contain the fallout of such a decision hitting common people amid the ongoing elections in West Bengal and Assam.

Is the move an oversight or politicial hindsight? Rollback with eye set on state polls? Will there be a savings rate cut later? Watch the full video to know more.