Finance

  In India, the pursuit of gender equality begins from birth with a profound emphasis laid on female empowerment. The Beti Bachao Beti Padhao Scheme emerges as a landmark initiative designed to address gender bias and promote the education and survival of girl children. Championed by the Government of India, this scheme underscores a transformative approach towards fostering social consciousness and encouraging wholesome community participation. Launch and Objectives Launched in January 2015 by Prime Minister Narendra Modi, the Beti Bachao Beti Padhao Scheme is a collaboration between the Ministry of Women and Child Development, the Ministry of Health and Family Welfare, and the Ministry of Education. The scheme embarks on a three-pronged strategy: prevention of gender-biased sex-selective elimination, ensuring survival and protection of the girl child, and ensuring education and participation of the girl child. It has steadily evolved, garnering considerable national attention an...

  The National Pension System (NPS) has emerged as a popular retirement savings scheme in India, offering both government and private sector employees an opportunity to secure their future financial independence. As we look forward to 2024, understanding the intricacies of NPS interest rates, returns, benefits, and growth potential becomes crucial for investors. This article delves into these aspects, along with the significance of reviewing your NPS statement regularly.  Understanding NPS Interest Rates NPS is a marketlinked retirement savings plan, wherein the returns are not fixed but depend on the performance of the underlying assets in the equity, corporate debt, and government securities. As of late 2023, the historical annualized average returns are estimated at:  Tier I account: Around 8% to 10% per annum  Tier II account: Similar returns, subject to market dynamics  Calculating Potential Returns in 2024 Assuming a consistent annual contribution, it is ...