Task: Write a detailed reply/economic analysis that explains: why you think the proposed New Financial Model (NFM) for economies is wrong. Why are the NFM's proposed Universal Pension System and New Income Equation wrong? Submit your claim, and the winning candidate will win a 1 lakh award.
What is New Financial Model: New Financial Model has been proposed by Resham Singh Khokhar, a Chandigarh (India) based Research Analyst in 2022, to solve world economic problems. According to the author, NFM proposes two new things: New Financial Tool and New Universal Pension System. He says: 1. New Universal Pension System will ensure Old age security after retirement. In this new pension system, every individual will get a pension without contribution (also there will be no burden on the government and employers for contribution). 2. New Financial Tool will help authorities (central banks, governments, corporates etc.) manage aggregate demand, come out of the low growth period and maintain economic growth/employment in the high-interest rate period while fighting inflation/stagflation, keeping the financial stability, Thus will ensure sustainable economic growth. To read the NFM, Download NFM from the following link: New Financial Model
Enrollment Process:
1. Fill the form to register yourself in the challenge using following link: Form
2. After the form submission, Team will call you to verify your details. Upon verification, Team will confirm your participation via call/email.
3. After confirmation, you can consider yourself enrolled in the exam.
Purpose of the Award:
1. To promote economic spirit among the economic students, scholars, academia, economic faculty.
2. To give an efficient model to the governments around the world to help them fight the economic problems.
3. To find the shortcomings in the NFM, so that necessary improvements can be made to make the model more effective.
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