In a Bangladeshi folk story, a disabled grandfather is carried by his son in a basket, to be abandoned in the forest. On seeing this, the grandson calls out, 'Father, please be sure to bring back the basket. I will need it when you grow old'. Three thousand ageing men and women gathered in Delhi in the blazing midsummer heat to demand a universal pension for all aged people, not...
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Cost & equity counter-arguments on pensions
-The Business Standard The conflict between a universal and a targeted approach to social welfare which has held back the proposed food security law is now emerging in the ongoing movement for a universal pension. While economist Jean Dreze, who has been demanding universal old age pensions as part of a platform called Pension Parishad, has called for abolition of the Below Poverty Line (BPL) targeting system in all pension schemes, calling...
More »MORE EVIDENCE ON THE NEED FOR OLD-AGE PENSION
Just in case our friends in the media were looking for more evidence, a new ILO report clinches the connection between old age pension and a country’s well being. The ILO report “World Social Security Report 2010/11: Providing coverage in times of crisis and beyond” puts India’s social security coverage in perspective of its peers. (the report can be accessed at http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_146566.pdf. India is not only nearly at the bottom...
More »For a universal old-age pension plan-Prabhat Patnaik
With the elderly likely to constitute a quarter of India's population by 2050, there is need for a publicly-funded, universal scheme that will overcome destitution among the aged India's social security system is woefully inadequate, when compared even to those in third world economies with no higher per capita incomes. Some States in India have fairly comprehensive social security schemes — notably Kerala, also West Bengal and Tamil Nadu — but...
More »How the right to pension will affect you
-CNN-IBN More than 3000 working poor are right now agitating at Jantar Mantar, New Delhi, under the banner of Pension Parishad as the curtains are up on the 'right to pension' campaign. Spearheaded by Aruna Roy, the Mazdoor Kisan Shakti Sangathan leader and member of the National Advisory Council (NAC), the campaign seeks universalisation of a minimum pension of Rs 2000 per person per month for all elderly citizens of...
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