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Avoid resentment towards saving and investing

Express News Service Saving and investing for the future is often thought of as an exercise to be done when you have lots of money. Many of you who have started work recently believe of it as a sacrifice of happiness in the present.  Financial advisors or elders in the family are quick to ask you to curb spending now for a better financial future. They may ask you to save money wherever possible. They will ask you to avoid spending on that coffee at your favourite cafe.  The grouse is that you enjoy a cuppa with your mates at the café. Some of you may love going out on biking trips to new places or travel to different cities. For you, these are small joys of life. The youth in you fights with the maturity needed to hold back impulsive spending and save. That creates a sense of resentment towards saving money and investing. 

FPJ Explains: Why are netizens protesting against the National Pension Scheme and what is the NPS-OPS debate?

: Thursday, July 1, 2021, 7:27 AM IST FPJ Explains: Why are netizens protesting against the National Pension Scheme and what is the NPS-OPS debate? Photo: Pixabay Over the last few weeks, the National Pension Scheme has repeatedly become a topic of social media debate. Countless individuals have taken to Twitter railing against the scheme and insisting that the Old Pension Scheme be brought back. The topic is not new, with NPS having replaced the OPS in 2004. It was first made mandatory for all Central government employees, before being expanded to the states. While the government insists that OPS will not be reintroduced, protests have refused to die down. Hashtags such as NPS Quit India and Restore Old Pension continue to trend on social media, with many insisting that the new scheme is a risky prospect.

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