Since the last one year, after a 125 basis point reduction in repo rate by the Reserve Bank of India, banking institutions have been making a demand to reduce interest rates on small saving schemes. Finally, the government announced yesterday a reduction in interest rates on small saving schemes to bring them on par with fixed deposit interest rates.Which one of the following statements can be inferred from the given passage?

• A. Whenever the Reserve Bank of India reduces the repo rate, the interest rates on small saving schemes are also reduced.
• B. Interest rates on small saving schemes are always maintained on par with fixed deposit interest rates.
• C. The government sometimes takes into consideration the demands of banking institutions before reducing the interest rates on small saving schemes.
• D. A reduction in interest rates on small saving schemes follows only after a reduction in repo rate by the Reserve Bank of India.