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...

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...

Pension reforms in India in the last decade have seen three major initiatives – a paradigmatic shift in the civil servants' pension scheme, the National Pension Scheme (NaPS) for all citizens and the New Pension System Lite for the economically disadvantaged sections with small savings. The...