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Pension policy in India has been characterized by the dominance of the organized sector based on financing through … growth. In view of the experience with the current pension system in India, efforts have been made by the Government in the … present paper focuses on the recent initiatives and reforms in the pension system in India in the light of international …
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India is ageing.One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined …
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Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
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