Moneywise

Back To The Drawing Board

Basing the NPS on a government guarantee means that the only way of solving the original problem has now been ruled out…

The other day, there was this news item about the New Pension System that reminded me of a tale from the Panchatantra. The news item was about the recommendations that the Parliamentary Standing Committee on finance had made about the pension bill and here’s the story that it reminded me of. A small female mouse was going about its timid way when an eagle scooped it up in its claws. However, as the eagle flew along, it accidentally dropped the mouse into the hands of a sadhu. The holy man had no children so it turned the mouse into a girl and brought it up as his daughter. The years went by and the girl grew up to be a great beauty. When she became of marriageable age, the sadhu decided that it wanted a powerful son-in-law. His firs

This article was originally published on September 05, 2011.


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