The key hole is absence of serious public debate in this country on any topic incl inflation where deep thinking is shared for public learning. Thanks to ajay and amit we have it here. I lament about those who follow mainstream lack this exposure and stand to lose the most 😢
@AbhishekSingh-ip3xe
2 күн бұрын
Thank heavens for Ajay Shah 🙏🏽🧿
@tanmay771
2 күн бұрын
Listening to this and wow, having an eye opening moment every 5 mins
@AbhinavKumar-oy7hx
2 күн бұрын
The 18.5% contribution by GOI in UPS is so discriminatory against the 95% of Indian population who are NOT in government jobs. The fixed pension should be fully from government employees' salary , NOT from taxpayer's money. Already the government employees get many benefits and good pay, why should they get 18.5% whereas no such contribution for private employees.
@anantjoshi5103
2 күн бұрын
The employer contribution itself isn’t super egregious. It’s similar to employer matching schemes for retirement accounts globally (e.g the 401k in the US) The bigger issues are the defined benefit scheme aspects as well as inflation indexing (which ideally would be addressed by a well diversified globalized equity portfolio)
@oflavia2910
Күн бұрын
@@anantjoshi5103also needs to apply to all working citizens not just formal sector
@at5112opsiarw
23 сағат бұрын
Excellent discussion... But you are mistaken if you think it isn't a vote bank... The ops vote bank includes not just those who are currently employed with the government but also the millions of unemployable youth this country produces every year, particularly in the bimaru states, who want only government jobs. It's a huge vote bank.
@MMR3000
2 күн бұрын
Loved this episode. Listened to it twice and now heading to re-listen the TSATU episode on pensions.
@mayankchari4632
Күн бұрын
Absolutely fantastic work! Thank you EIE team!
@neerajps4616
21 сағат бұрын
Fully agree with Ajay's points. But when Amit says NPS is better or as good as OPS for the individual, i think that is not fully accurate. Unless the state reneges on the pension promises, the individual is much better off with the OPS scheme compared to NPS in the way it is currently designed.
@ajayg6358
2 күн бұрын
Have just started watching the episode. The location looks amazing. Calm and serene. Where was this episode filmed?
@awenindo
2 күн бұрын
I just feel like employees of the state being seen as wards of the state is dangerous.
@nerdlearner0403
2 күн бұрын
Great perspective
@vishvendrasingh5780
2 күн бұрын
A suggestion: you guys should consider designing a logo for the EiE show and should change the name of the YT channel as well
@yalothomas
2 күн бұрын
Great insights.. Waiting for the personal financial session.
@user-ng5xr2ju2z
2 күн бұрын
Amit and Ajay, If someone wants to thank you, or just pay a tribute to you and your work, what would be the best way to do that?
@vishvendrasingh5780
2 күн бұрын
Finally
@abhijeet7153
Күн бұрын
Who is that goofy kid in the end part of the video.... Really really goofy kid with spects and white tshirt for approximately 5 seconds of the ending part.... Fun really fun....
@amitvarma
22 сағат бұрын
Pintoo.
@kedarbhide007
2 күн бұрын
Great episode
@sathyendrababu7868
2 күн бұрын
I am stunned twice over 😅 1st by the great origin& process & the present day morass of Pensions by Ajay! 😮❤ & 2nd by Amit asking us to do a structural reform on self😅❤ Finally, its no shirt on my back.. U guys can buy a branded shirt maybe Uniqlo🎉 & move indoors! The paucity of intellectual discourse on a continuous basis.. The intellectual ferment required is sadly missing... Can it be ever revived by the govt of the day 😢😂❤ Dave- Bhatia paper where do we find it!? Atomic habits is the book i shall look for in the second hand market😂❤🎉 OMG 😅 how can i live w/o a weekly dose of gyan from both U guys! Thanks! ❤🎉
@amartyaanand4945
2 күн бұрын
Nice shirt
@ritwikmallik4777
2 күн бұрын
Does anyone know which economist Amit was referring to at 4:56 ? I just want to read the entire statement/OpEd if there is one. Thank you.
@amitvarma
22 сағат бұрын
It was a private comment, which is why I didn't take the name. But both Ajay and I agree with that view, and unveiled the argument for it.
@PannalaSrinivas-q4q
22 сағат бұрын
Amit you Forgot Mukul asher perhaps he also desrve credit in project fie pension reform
@rambabuthota729
Күн бұрын
Hey Amit could you please bring in Dr. Subashis Gangopadhyay to your seen and the unseen podcast?
@jaspalkhurana5495
Күн бұрын
I'm midway through watching this. I don't know if you would discuss what I'm going to say. Here it is. You are worried about the economy as a result of pension payouts. What about the lakhs of crores being doled out to the corporates in the form of waivers and tax concessions? Does that not hurt the economy? Whose money is being given away? With whose permission?
@amitvarma
22 сағат бұрын
Waivers and concessions are a reduction of coercion, not a dole-out. When you lower taxes, the money not snatched by the state goes out in the economy, creates jobs, generates wealth for society. All this is great. When you call lower taxes a dole-out, you are implicitly assuming that all wealth belongs to the state, and taxing less of it is a gift. This is a terrible way of thinking.
@jaspalkhurana5495
22 сағат бұрын
Very 'elitist' (journalistic?) way of saying, "you know nothing; I know all"!@@amitvarma
@jaspalkhurana5495
21 сағат бұрын
Reduction of coercion, but for which segment of the society? Creates jobs, but where are the jobs? Generates wealth, but whose wealth? Or is this discussion merely at a theoretical level?
@amitvarma
19 сағат бұрын
If you consider the hundreds of millions of people brought out of poverty by the 1991 reforms, the answer is clear.
@jaspalkhurana5495
3 сағат бұрын
Oh My God!
@shambhavibundela7975
2 күн бұрын
Subscribed🎉
@Anish61097
2 күн бұрын
Cool
@ud1976
2 күн бұрын
1:42:02 😂 नही पता! Doing stealth reform of the podcast!
@YV-2000
Күн бұрын
What about people receiving peanuts who have retired under NPS. Your perspective and my perspective is always muddled by our own biases. Most of the people don't even have assets such as land, homes and what not. 95% of the people post independence were poor. Social security is the need of the hour, I'm pro defined contribution plan, but there should a minimum pension amount which needs to be backed by inflation indexation. UPS is something which NPS should have been in the first place. Bring private employees too under its pool. The top brass is earning way too much, putting too much pressure on their lower employees while handing them no social security benefits.
@aviralgupta393
10 сағат бұрын
are you a first time listener? you think govt employees need more coddling even after being govt employees? do you work for SEBI by any chance?
@sanjaysajeev
2 күн бұрын
I guess a comment is a comment. And helps to improve engagement even if its good or bad.
@zenith808
2 күн бұрын
What's withe gentle reader? Both bandying this term back and forth!
@nationalist7347
2 күн бұрын
😂😂 I mean I can’t blame BJP at least for this when u have communists like Rahul Gandhi asking for india to go to OPS (old pension scheme) it is fine for the govt in power to this……But my issue is this proves we are not living in democracy but BABUDOM and how much power does BABUS hold even after wreaking this country with License Raj….my only fear is Babu will slowly erode UPS and at least in the next 5 years we will get OPS and all hard earning Taxpayers (Middle class and poor ) must pay to our Oppressors Govt Babu to oppress us more😅😅
@akpmanoj
17 сағат бұрын
Communist like Rahul Gandhi. That's a news for me. Let me vote for him next time then. Because the Communist Country like China is growing so rapidly. And in India Communist ruled Kerala tops all Niti Aayog indices. Red Salute Rahul Gandhi.
@nationalist7347
17 сағат бұрын
@@akpmanoj I mean sir ji….china is the least communist country in the world….china literally fired 200million govt employees in 2 years and every heard of deng jau ping who brought capitalism to China from communist China by dear Mao (whose communist policy killed 50million Chinese in great culture revolution which is the same Rahul trying to do by bringing redistribution)……India is most communist country than even China….just googling helps and Kerala is the bankrupt state and have no money to pay salaries for employees…..Kerala indicators are all built by money from Gulf not by actual industrialisation …..Kerala is the least industrial state….if u want to see the real communist state please see West Bengal ruled by communist for 35 years uninterrupted
@Openmind-on4kx
2 күн бұрын
Pension need to be provided only with contribution. Pension is not salary after retirement. Then pay pension to all tax payers. Any employees shall save for their pension. Fraction of population eat all tax money
@zenith808
2 күн бұрын
Why do you keep saying " Gentle Reader"? Gentle viewer might have been more appropriate
@ArjunKumar-qn3ex
2 күн бұрын
Please release this in podcast form
@amitvarma
22 сағат бұрын
It is already available as an audio podcast on all platforms.
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