Banking service chronicle

 Banking service chronicle

 Banking service chronicle published this article page no 3 Sociopsychological Issues: Distorted economic decisions lack equity and fairness leading to various sociopsychological issues such as reduced efforts or laziness threats to social cohesion by creating artificial divides between haves and havenots of the associated freebies. E.g. ○ In Rajasthan 56% of tax and nontax revenues are spent on pension and salaries. The state’s recent decision to revive the old pension scheme will further lead to greater social inequalities.Environment: Freebies promote unsustainable practices by pushing governments and people away from environmentally sustainable practices. E.g. ○ Free electricity reduces incentives for farmers and domestic households to install solar panels or adopt more efficient public transport systems banking service chronicle monthly magazine subscription. 




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