Thursday, June 13, 2019

Mangaluru: Negligible amount contributed to old-age pension scheme

OPINION: The financial state of the elderly in the country is disappointing. This group of individuals finds it difficult to look after themselves. Seeing a need to safeguard their interests, the government has put in place several schemes. Most notable of them is old-age pension scheme. According to a report by an activist group, 'Pension Parishad', majority of the Indian states are paying less than Rs 500 per month. Meanwhile, the other half are paying below Rs 1,000. Prabhat Patnaik an active voice in this regard has condemned the government attitude on the matter. According to him, there have been no proactive measures taken. He pointed out that the beneficiary list in this case has been curtailed and that no calculations have been done against inflation.... Read More