Need for universal pension in India

Abstract

The institution of family as a primary care-giver to the aged has undergone a transformation. The government needs to consider a focused policy for the elderly in terms of their relevance and contribution to society. IN India people are living longer and enjoying better living conditions than ever before as a result of increased life expectancy and medical advancements. Unlike previously, in recent times the function of the family as a primary care-giver to the aged has undergone a transformation due to structural changes -- both internal and external, most importantly to the nuclearisation of family. As a result, care of the elderly has been neglected. And, the elderly themselves, due to lack of financial awareness and financial resources, given India’s growth performance, have not been able to plan for a steady income stream for old age. Read more at: https://www.tribuneindia.com/2013/20130902/edit.htm#6