TAILIEUCHUNG - Report of the Committee on Comprehensive Review of National Small Savings Fund

If you buy a cup of coffee every day for $ (an awfully good price for a decent cup of coffee, nowadays), that adds up to $ a year. If you saved that $ for just one year, and put it into a savings account or investment that earns 5% a year, it would grow to $ by the end of 5 years, and by the end of 30 years, to $1,. That’s the power of “compounding.” With compound interest, you earn interest on the money you save and on the interest that money earns. Over time, even a small. | Government of India Ministry of Finance Report of the Committee on Comprehensive Review of National Small Savings Fund June 2011 June 7 2011 To Shri Pranab Mukherjee Minister for Finance Government of India Sir Consequent to the recommendation of the Thirteenth Finance Commission for comprehensive reforms in overall administration of National Small Savings Fund NSSF this committee was constituted by Ministry of Finance vide its Order No. 5-2 2010-NS-II dated 8th July 2010 to recommend on the reforms required in NSSF. The Committee had eight formal meetings in addition to informal interaction amongst members. The Committee has also consulted Finance Secretaries of States Department of Posts State Bank of India and Chief Advisor Cost GoI during its deliberations. We are thankful for this opportunity and are pleased to submit the report of the Committee. Smt. Shyamala Gopinath Deputy Governor Reserve Bank of India Shri R Sridharan Managing Director State Bank of India Shri Shaktikanta Das Additional Secretary Budget Ministry of Finance GoI Shri Anil Bisen Economic Advisor Ministry of Finance GoI Dr. Rajiv Kumar Secretary General Federation of Indian Chambers of Commerce and Industry Shri Sudhir Shrivastava Principal Secretary Finance Government of Maharashtra Shri C M Bachhawat Principal Secretary Finance Government of West .

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