Wednesday, August 21, 2013

NPS - Time for a review

.........Though the government and the media have been marketing the National Pension Scheme (NPS) as a solution for the social security problems of senior citizens, it is common knowledge that the scheme was introduced through the back door to get over the impossible task of making provisions for an estimated pension liability of Rs 4 lakh crore, when the Sixth Pay Commission was finalising its report in 2006............

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