This all-new formula could also prove to be paltry for old-age support, unless complementary steps are also taken. The government could fund part of the pension liabilities, increase investments in government healthcare or tighten rules to discipline errant private healthcare providers and insurers.
4 min read8 Sep 2024Set to roll out next year, the Unified Pension Scheme is a new government initiative that combines features of the Old Pension Scheme and the National Pension Scheme
2 min read25 Aug 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared