NPS is designed to offer pension to every worker: Yogesh Agarwal | Business Standard

NPS is designed to offer pension to every worker: Yogesh Agarwal | Business Standard

Online comments posted on August 22, 2013:

M G WARRIER
Perhaps, the questions posed by Sreelatha Menon were more informative than the evasive and vague answers given by Yogesh Agarwal. His counter to the first question, How can I have a view contradictory to what he (FM) says?’ sets the tone and content of his defence of NPS. Though government and to some extent the media have been marketing NPS as a solution for social security problems of future ‘senior citizens’ of India, it is common knowledge that the scheme was introduced through back-door to get over the impossible task of starting to make provision for an estimated pension liability of nearly 3.5lakh crore rupees when 6th Pay Commission was finalizing its report in 2006. Other than the new central government employees who joined service from January 1, 2004 and others (state government and PSU employees) for whom NPS was made compulsory, effective various dates thereafter whose contribution adds up to about 85% of the Rs35,000 crore corpus mentioned by PFRDA Chairman, the receipt from the 90 per cent workforce outside the organized sector so far is admittedly too low at Rs5,000 crore. Now, the effort will be to swallow EPFO and other organizations or departments which are otherwise doing well. It is time for a mid-term review of the whole concept of NPS.
22-08-2013 21:57:40

Comments

Post a Comment

Popular posts from this blog

A prayer which Prime Minister Narendra Modi may kindly grant!

http://wap.business-standard. com/article/opinion/heed-the- pension-prayer-117110500774_1. html A PRAYER TO PRIME MINISTER The wish expressed on page 211 of his book "I Do What I Do" need to be taken cognizance of, by PMO as Rajan feels "GOI should do the right thing" If Rajan is wrong, time to place the correct information in public domain. M G Warrier Thiruvananthapuram
Read more

NAVAGRAHA STOTRAM

NAVAGRAHA STOTRAM* According to astrology, the positions of the nine planets in the twelve constellations of the zodiac and their movements are considered to be quite significant. The nine planets ‘Navagraha’ affect every aspect of human life. They play an important role in the activities, physical and mental health and life of any individual. The unfavorable positioning of any of these planets can be the cause of problems, bad health, and stagnation for many people. However, there is a solution to avoid the ill effects of the position and movement of the ‘Navagraha’ in our lives. Navagraha mantras (or stotram) are simple mantras which work as powerful healing tools to reduce the negative effects of any of the nine planets. These mantras are Hindu holy hymn addressing the nine planets. Benefits Of Navagraha Stotram And The Way to Practice The Navagraha Stotram is written b y Rishi Vyasa and is considered to be the peace mantra for the nine planets. They are powerful m...
Read more

The King of Ragas: Sankarabharanam

                       The King of Ragas                      --------------------------     Long ago  serpents were put to lot of hardships.They  were afraid of other animals. They had to seek refuge in the hermitage of sage Saraba.The sage was a true devotee of Lord Shiva.He used to pray Shiva with melodious songs. As he sang a particular raga the snakes were much inspired and they began to dance,. Slowly the serpents became friendly with the sage. They brought water in their mouths for the pooja.They secreted  a special fluid in which the flowers got stuck to their bodies.The sage was much astonished by the service of the snakes.As the sarpas became very close to the sage ,they requested him to help having Darsan of Lord Siva. As requested by the sage Shiva appeared in the form of  a  Kapalika and stayed in the ashram.The...
Read more