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‘Nearly half of world’s older people do not get pension’

-The Hindu Business Line On the day a ₹ 1,000/month minimum pension scheme was launched in India, an ILO policy paper report said that close to half (48 per cent) of people over pensionable age in the world do not receive a pension. And those who do get a pension, do not receive an adequate amount to cover for their health, and old age-related problems. "As a result, the majority of the...

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PM Modi orders Aadhaar cards for all by June 2015 -Ruhi Tewari

-The Indian Express Prime Minister Narendra Modi has directed the Unique Identification Authority of India (UIDAI) to ensure "universal coverage" under Aadhaar by June 2015. According to government officials, the PM set the deadline at a high-level meeting chaired by him in the first week of September. The target was reiterated in the minutes of the meeting circulated to all the concerned departments. Directions have also been issued to the Registrar General...

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UNDP Report: India’s rural employment, education schemes move in right direction -Abantika Ghosh

-The Indian Express Human Development Report: Spending 4% of GDP can ensure social security net. India may have little to feel proud about in the findings of UNDP's Human Development Report for 2014, but the good news is that with ongoing rural employment and school education programmes and some serious discussions on universal healthcare over the last couple of years, it is moving in the right direction. The report gives a six-point...

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Majority of people lack proper social protection, UN agency reports

-The United Nations   In the aftermath of the global economic crisis, more than 70 per cent of the world population is without proper social protections, the United Nations labour agency today reported, urging governments to scale up investment in child and family benefits, pensions and other public expenditures. "The global community agreed in 1948 that social security and health care for children, working age people who face unemployment or injury and older...

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Universal pension for Indians -Kenneth Apfel

-Live Mint Economic transformation calls into question whether family-based support will continue over the next century Many of India’s growing elderly population face serious financial challenges. It is imperative that India institute a long-term strategy to strengthen the economic security of the elderly. While steps have been taken to provide pension security for some citizens, India still has a very long way to go to prepare for the future.   As a very...

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