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...
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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 »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...
More »Rise in natural resources prices appears to be hurting poor nations-UN report
-The United Nations A sustained rise in prices for raw natural resources and basic agricultural goods is defying long-standing patterns and appears to be hurting poor nations through rising food and fuel costs more than it is helping them through higher revenues for their commodities exports. That was one of the findings of the Commodities and Development Report 2012, a study launched at the 13th session of the UN Conference on Trade...
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