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Relevance: GS – 2 – Important aspects of Governance, Transparency and accountability Why in the news? The global revolution in welfare underscores the importance of strong social support systems. India’s proposed Unified pension scheme should ensure adequate financial support for retirees. A robust welfare system is needed to safeguard the welfare of retirees under the …
Read MoreSyllabus: GS 3: Indian Economy and Issues Investments and effects on Growth. Focus: The Systematic Withdrawal Plan (SWP) is gaining attention as a flexible investment tool for retirees to manage inflation, generate regular income, and minimize risks, offering a tax-efficient alternative to traditional fixed deposits. Overview of Systematic Withdrawal Plans (SWP) Definition: A Systematic Withdrawal …
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