The change
Through the digital revolution, “we shall aim for social security through pension and insurance penetration”, said the FM.
But the Budget did not see any concrete announcements on this front. Universal pension coverage with auto enrolment to help easy mobility while in jobs, a wish to put in place mechanisms to enable inter-operability and safeguard for the accumulated corpus and certain changes to PFRDA regulations were the only mentions.Allocations to the National Social Assistance Program remains at about the same level of last year ‘s revised estimates at ₹9,200 crore, while allocations to the Employee Pension Scheme has […]
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