The Government issued an order announcing a cut in the interest rates on various small savings schemes sharply by 40-110 basis points. April 1. The ministry said the rate cuts “are in line with overall interest rate movement in the financial system.” This morning at around 8.30 AM Finance Minister Nirmala Sitharaman announced that the order has been withdrawn.
Funnily enough the reason cited for the roll back was an "oversight". Nirmala Sitharaman in her tweet said that the order was issued by Oversight.