Context
Recently, the Reserve Bank of India (RBI) has warned that the shift to the National Pension System (NPS) in the 2000s was a major fiscal reform. Over time, most states shifted to the NPS, with only West Bengal and Tamil Nadu staying with the old pension scheme, which can have an effect on long-term fiscal stability and compromise the interests of future generations.
The New Pension Scheme (NPS):
NPS vs. Old Pension Scheme:
What are the concerns associated?
How NPS is a better option?
Verifying, please be patient.