Old pension scheme to exert huge burden on state finances: RBI
There is a need for review of the current system of grants from the Centre to the states, says RBI.
There is a need for review of the current system of grants from the Centre to the states, says RBI.
Fiscal burden due to OPS could be as high as 4.5 times that of NPS, with burden reaching 0.9% of GDP annually by 2060
NPS provides flexibility of investing in a mix of asset classes, including equities, government securities, corporate bonds, and alternative assets. Here's how category winners played the game.
Net job addition declined to 16.94 lakh in August from 18.2 lakh in July, while it stood at 18.3 lakh in June, 16.8 lakh in May, and 15.3 lakh in April.
Financial saving in the household sector surged by 3.6 percentage points to 11.5% of gross national disposable income deposits in FY21, the highest in over two decades.