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Open Letter to Finance Minister
We, the undersigned, are writing to draw your attention to two urgent priorities for the forthcoming budget.
We, the undersigned, are writing to draw your attention to two urgent priorities for the forthcoming budget.
(1) Social security pensions: The central government’s contribution to old-age pensions under the National Old Age Pension Scheme (NOAPS) has remained at a measly ₹200 per month since 2006. This is extraordinarily stingy. It is also a missed opportunity. NOAPS is a good scheme (with low leakages and administrative costs) that reaches some of the poorest members of society. The central government’s contribution should be immediately raised to ₹500 (preferably more) at the very least.
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