Monday 03 Jan '11It’s been a decade since we embarked on pension reforms armed with the National Pension System and a large latent demand. But due to a combination of political want and poor implementation, we’re already well on our way to a socially unacceptable and fiscally unsustainable old age poverty crisis.
Wednesday 08 Sep '10The informal sector NPS was announced a little over a year ago. The PFRDA went in armed with an unbundled, incentive compatible architecture, a large latent demand, robust administration, nation-wide outreach through roughly 4,000 branches of firms that already deliver financial services to nearly 200 million Indians, and offer attractive double-digit returns.
Saturday 30 Jan '10Income insecurity in old age is rapidly emerging as one of the most important causes of poverty in India and for South Asia more generally. Most of India’s 144 million informal sector workers who earn Rs 3,000 or less per month will become destitute as soon as they stop working.