So positive economics is: high interest rates on deposits, low lending rates, low inflation and food prices but high MSP, no GST but top class infra and only Subbu Swamy can help achieve it!
https://twitter.com/jgopikrishnan70/status/1377317079099928576
Maximum rate cut on small savings is not even 1% meaning, if you have an investment of 1 crore in savings, you will be poorer by 1Lakh (simple interest ) - translating to a loss of 8333 per month. Now tell me which middle class has an investment of 1 crore in ppf/ small savings? 
Economically speaking - high interest rates on small savings is the single biggest reason for higher interest rates in the economy- if you want economy to pick up and credit to sustain growth then u need lower deposit rates/ ofcourse banks need to pass on benefits!
I am not an IT cell walah & I am merely talking plain economics -if deposit rates continue to remain high,in no way can a Govt with large borrowing prog,think of sustaining growth on the strength of its own capital- private capital formation is important & rates must support it!
Eventually Govt may go for suspension of this order but fact remains that lower deposit rates are must for bringing down rates in the economy and in no way can our manufacturers/ exporters compete with ROW with rates of around 7-8%.
I have been consistently consistent on this - here is old thread from 2016 after similar post rate cut outrage - one need not be an economist to know this simple fact
https://twitter.com/alok_bhatt/status/710834031428898816
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