Prime minister's recent introduction of new social security schemes to ensure insurance and pension for all remains a laudable step. These schemes were launched on May 9, 2015 and are expected to enhance welfare of citizens, especially workers in unorganized sector. The schemes are Pradhan...

In many countries people are living longer and enjoying better living conditions than ever before, as a result of increased life expectancy and medical advancements. Besides being a demographic feature, it also has socio-economic connotation in terms of the various challenges that aged...

India has low pension coverage, and the pension system is unable to fulfill its purpose. A non-contributory, basic pension can guarantee a regular income in old age to all residents of the country, regardless of earning or occupation. The feasibility of introducing such a pension in India is...