View: What happens when political compulsions come in the way of fiscal prudence?

We know the dictionary definition of oversight: an unintentional failure to notice or do something. What we don’t is what caused the ‘error’ — the action to sharply cut interest returns on State-backed small savings schemes (SSS), and a quick correction to reverse it — in what would go down as the fastest rollback of a fairly important government decision. But we can guess. Probably, a well-meaning bureaucrat, serving a deficit-conscious