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...

Old age social security plays a pivotal role in a welfare state and one of the major components of old age social security is pension. The developed countries generally provide pension to those who contribute for pension whereas in majority of the developing countries pensions are provided in a...

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...