These returns are not affordable by the Government as they have reduced their fiscal deficit and do not need this money. Moreover, people used to misuse the saving schemes. They were in the habit of buying national saving certificates and then getting loans against those certificates and again buying more saving certificates.
The topic was discussed at the Council's meeting in December 2015 and followed up by a high-level meeting with CEOs from the most critical institutions in the financial sector in June 2016. There was broad agreement that more formalised sector collaboration on operational risks was required, and the Financial Sector Forum for Operational Resilience, including cyber resilience, was established.