Monetrix

 The pension available to an employee is calculated using a defined benefit plan or a defined contribution plan . In the case of a defined benefit plan, the employee is entitled to receive a certain fixed amount or a certain percentage of their salary during their retirement. The direct benefit transfer provides security to the employees but with the increasing inflation and life expectancy it can be a huge burden for the employer. In the case of a defined contribution plan the employer and the employee agree to contribute a pre-decided amount or percent of the salary towards the employee's retirement account this amount is generally invested in various income-generating assets and the corpus generated is used to support the employee during retirement. The major benefit for the employer in the case of a defined contribution plan is that the extent of the employer's liability is known. The old pension scheme was based on the concept of defined benefit in which a governm...

Introduction The world’s largest economy is facing a grave crisis. The United States' debt has reached unprecedented levels and has become increasingly common in financial news, sparking concern among economists, policymakers, and citizens alike. While the issue is complex, it has far-reaching consequences that could affect global markets. Historical Context The history of U.S. debt is as old as the country itself. However, the modern debt situation began taking shape post-World War II, exacerbated by periods of economic downturns, wars, and policy decisions. In 1971, while moving away from the gold standard allowed for more flexible monetary policy, it also paved the way for unrestrained borrowing. Current Status As of September 2023, the U.S. national debt was approximately $28.4 trillion. What's even more alarming is the debt-to-GDP ratio, which stood at about 125.7% according to the World Bank. These numbers are not just abstract figures; they have real implicatio...

Cricket holds a special place in India, extending beyond being just a sport; it is a revered institution that unites the nation. After a 12-year wait, the 13th edition of the ICC Cricket World Cup has returned to Indian soil, generating an electrifying atmosphere that transcends both stadiums and homes. While the primary focus remains on thrilling matches and intense rivalries, there's another significant aspect at play: the profound impact on the Indian economy. The World Cup extends far beyond the matches; it's an experience akin to an Indian festival. Thousands of passionate cricket fans from various nations will embark on journeys by road, air, and rail to witness the live action. They will make bookings for accommodations, savor local cuisines, and secure sought-after match tickets, which range from a m odest Rs 500 to a staggering Rs 40,000-50,000! Those who cannot travel to attend in person will be glued to their screens, streaming matches online and enjoying snacks....

  In microeconomic theory, negative externalities refer to the situation where the production or consumption of a good or service leads to an adverse effect on third parties not involved in the transaction. Because the free market only accounts for private costs and benefits, the cost borne by society as a whole is not reflected in the market price. The good is, therefore, overproduced, underpriced and overconsumed.    The problem of negative externalities is very pressing today. Climate-related disruptions are becoming harder to ignore each year. We hear of natural disasters like floods, earthquakes, droughts, and forest fires happening more and more frequently. The time for a large-scale, systematic intervention has come. Many have blamed the profit-maximizing ideals of capitalism for our ecological collapse; producers don’t care about the environmental externalities they create because they are not held responsible for their actions, Whether it is carbon-intensive prod...