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Eminent Economists Recommend More Pensions, Maternity Benefits in Next Budget

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In an open letter addressed to Nirmala Sitharaman, 51 eminent economists have flagged less contribution to NOAPS and the lack of action on ensuring maternity benefits.

Several prominent economists have proposed to the Union finance ministry to increase social security pensions and make adequate provisions for maternity benefits in the 2023-24 Union Budget.

In an open letter addressed to Union finance minister (FM) Nirmala Sitharaman, 51 eminent economists—including Abhijeet Singh (Stockholm School of Economics) and Aditya Bhattacharjea and Jean Drèze (Delhi School of Economics)—have flagged social security pensions and maternity entitlements.

“Since both proposals were ignored, we are writing again, well in advance of the next Budget, with the same recommendations,” the letter reads.

In the follow-up to their letters of December 20, 2017, and December 21, 2018, addressed to Sitharaman’s predecessor Arun Jaitley, the economists highlight the Centre’s ‘unfairness’ of not increasing its contribution to the National Old Age Pension Scheme (NOAPS) scheme.

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