A universal pension scheme for social protection must be part of a broader strategy of economic expansion different from the present neoliberal order. INDIA must be one of the worst countries in the world in terms of not providing even minimal social security for most of its people. This is not just a major failure of the development project in the country – it is also a significant cause of...

-The Economic Times Soaring vegetable prices pushed inflation higher in April, while fuel and manufactured product prices sustained their pressure posing a fresh policy challenge and announcing the return of price pressures in Asia's third-largest economy. Data released by the commerce & industry ministry on Monday showed the annual rate of inflation, based on monthly wholesale price index, stood at 7.23% for April, 2012, compared to 6.89% for the previous month and...

-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...

Aruna Roy is in Delhi, not as a member of the National Advisory Council (NAC) but as a social activist. Roy, under the banner of Pension Parishad, is spearheading a national campaign at Jantar Mantar demanding a universal pension scheme for senior citizens in India. A move that could cost the government around Rs 2 lakh crore per annum, the proposal will cover more than eight crore senior citizens. The...

-The Hindu Demands for a universal pension scheme got bolstered with a large number of underprivileged people including farmers, domestic workers, single women, disabled persons, sex workers and trans-genders from more than 20 States beginning a five-day dharna at Jantar Mantar here on Monday. The campaign for universalisation of Rs.2,000 as monthly pension for every elderly above 60 years in age and does not come under the tax slab is being spearheaded...