Costs of delaying pension reform

We should be grateful to all those who helpfully stepped forward with a spanner at the last minute on the PFRDA legislation. They have undoubtedly pulled us back from the brink. This latest twist in India’s long-drawn pension non-reform saga may provide much needed relief and time to the government to sit back and introspect on some fundamental questions surrounding both NPS and our pension coverage gap more generally.

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