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Ageing in India: Need for Universal Pension Scheme

Charan Singh, Kanchan Bharati and Ayanendu Sanyal
Journal Name
Economic & Political Weekly
Journal Publication
others
Publication Year
2015
Journal Publications Functional Area
Economics
Publication Date
Vol. L, No. 18, May 2015, pp. 40-46
Abstract

India has low pension coverage, and the pension system is unable to fulfil 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 explored in this paper. It is argued that a properly crafted universal pension scheme will increase the coverage of pension without putting stress on the fisc.

Ageing in India: Need for Universal Pension Scheme

Author(s) Name: Charan Singh, Kanchan Bharati and Ayanendu Sanyal
Journal Name: Economic & Political Weekly
Volume: Vol. L, No. 18, May 2015, pp. 40-46
Year of Publication: 2015
Abstract:

India has low pension coverage, and the pension system is unable to fulfil 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 explored in this paper. It is argued that a properly crafted universal pension scheme will increase the coverage of pension without putting stress on the fisc.