Old pension scheme to be 4.5 times costlier than the new one
“Internal estimates suggest that if all the State governments revert to OPS from the National Pension System (NPS), the cumulative fiscal burden could be as high as 4.5 times that of NPS, with the additional burden reaching 0.9 per cent of GDP annually by 2060” said the report titled “ State Finances: A Study of Budgets of 2023-24” released on Monday. Key Points
Economic TimesKohli’s 50th ton is a big worry for fans. King’s focused on cup, not the crown
If Bradman, Tendulkar or Kohli stand above the rest, it’s partly because their individual records stand tall. It’s a part of the game; not the game in and of itself. Key Points
ThePrintYears lost to poor health due to blood pressure, sugar increased by 50% between 2000-21: Study
Researchers also found that people aged 15 to 49 were increasingly vulnerable to high BMI and blood sugar, both of which are known to raise the risk of... Key Points
The Tribune IndiaIndia reports 9.3 lakh cancer deaths, 2nd highest in Asia; air pollution, smokeless tobacco a major worry
Smoking, alcohol consumption and ambient particulate matter (PM) pollution remained dominant among the 34 risk factors for cancer. The rising cancer burden due to increasing ambient air pollution is concerning in Asia, the study said. Key Points
FirstpostElon Musk slams Biden’s call for more taxes, says ‘rich won’t see action, but burden will fall on…’
Elon Musk said President Biden's call for more taxes on the super-wealthy will only hurt lower-to-middle-income groups. He called for illegal tax-avoidance schemes. Key Points
mint
India's debt level is likely to decline, affordability to be key factor to assess fiscal strength: Moody's
Moody's predicts a downward trend for India's debt burden, citing debt affordability as a key factor in determining the country's fiscal strength and credit profile. As long as nominal GDP growth holds, the debt burden is expected to remain stable or decline slightly. Key Points
mintYSRCP government destroyed the power sector in State: Payyavula
The Telugu Desam Party (TDP) MLA and chairman of the Public Accounts Committee (PAC) Payyavula Kesav has alleged that the inefficiency of Chief Minister Y.S. Jagan Mohan Reddy has destroyed the power sector in the State. A burden of ₹57,000 crore was imposed on the consumers over the last four years, he claimed. Key Points
The Hindu