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3 Things

Unified Pension Scheme, Chandrayaan-3 findings, and Minu Muneer's allegations

Aug 27, 2024
Harikishan Sharma, a pensions expert, breaks down the newly launched Unified Pension Scheme and its implications for government finances, comparing it with previous systems. Sohini Ghosh, a commentator on lunar missions, shares intriguing insights from Chandrayaan-3, discussing its findings that might support the lunar magma ocean hypothesis and their global significance. The conversation also touches on serious sexual misconduct allegations in the Malayalam film industry, highlighting the need for accountability and justice.
28:05

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Quick takeaways

  • The newly introduced Unified Pension Scheme offers guaranteed pensions to central employees, aiming to provide financial security after retirement.
  • Chandrayaan-3's findings enhance our understanding of the Moon's geology and support theories about its formation through observations of lunar soil.

Deep dives

Understanding the Unified Pension Scheme

The Unified Pension Scheme (UPS) was approved by the Indian government to provide central employees with assured pensions after retirement, with implementation set for April 2025. This scheme offers five key benefits, including assured minimum pensions, family pensions, and inflation indexation, ensuring that retirees receive stable support in line with economic changes. Previous structures, such as the National Pension System (NPS), faced criticism due to variable payouts, prompting the need for a more reliable system. The UPS aims to alleviate financial strain on employees by guaranteeing assistance based on their average salaries and years of service, significantly enhancing their financial security post-retirement.

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