THE Centre of Indian Trade Unions(CITU), in a statement issued on April 1, condemned the hasty move of the central government in announcing a sharp reduction in all small savings instruments including Public Provident Fund (PPF), Kisan Vikas Patra and other term deposits through a notification. CITU also noted the hurried announcement, later by the finance ministry saying that such announcement on interest rate cut has been done by mistake ‘due to oversight’ with a clear intent to avoid criticism in the run-up to assembly elections.