February 2026
23Feb

India. Report shows retirement plans can face inflation and longevity risks: How to prepare

A new analysis by OmniScience Insights Labs shows that traditional retirement strategies in India may fall short in sustaining income over long retirements. The report highlights how structural design, rather than corpus size alone, determines whether retirees can maintain their lifestyle amid rising costs and market volatility. Inflation risk: Even stable nominal income erodes purchasing power over decades. For example, ₹1 lakh monthly expenses today could rise to nearly ₹1.8 lakh in 10 years at a 6% inflation...

February 23, 2026
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January 2026
30Jan

India. NPS drives pension expansion, but coverage remains limited amid informality: Economic Survey 2025-26

India’s pension system has expanded steadily over the past decade, but overall coverage remains limited when measured against the size of the country’s vast workforce, the Economic Survey 2025-26 has said. While participation in formal retirement savings schemes is rising, the Survey flags high informality, irregular incomes and low awareness as the biggest structural constraints preventing broad-based pension inclusion, especially among low-income and rural households. According to the Survey, the dominance of informal employment continues to shape the contours of...

January 30, 2026
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23Jan

Social Protection for Informal Workers

By Abhijeet U Pai The modern working relationships require the law to recognise non-standard forms of employment and address the lack of traditional employment benefits like social protection for them. Informal employment is seen as a job-based (based on nature of job rather than status of the enterprise) concept that cuts across different sectors of economic activity and thus is defined as ‘informal economy’ rather than ‘informal sector’, in terms of employment relationship and protections associated with the job of the...

January 23, 2026
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23Jan

India. Central Government approves wage and pension hikes for PSGICs, NABARD and RBI

The Central Government has officially approved wage and pension revisions for employees and retirees of Public Sector General Insurance Companies (PSGICs), the National Bank for Agriculture and Rural Development (NABARD), and the Reserve Bank of India (RBI). This decision is expected to benefit approximately 46,322 employees and over 46,000 pensioners and family pensioners across these institutions. According to the government, the move 'reflects Government's continued commitment and emphasis on social security and financial well-being of employees and pensioners.' For those working...

January 23, 2026
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December 2025
12Dec

South Korea names former lawmaker Kim Sung-joo to lead NPS

South Korea has appointed Kim Sung-joo, a former lawmaker from the ruling Democratic Party and a long-time health policy specialist, as chairman and chief executive of the National Pension Service. The decision hands Kim a second term at the helm of the world’s third-largest pension fund during a pivotal phase for the country’s retirement system. The Ministry of Health and Welfare said Friday that Kim, 61, will begin a three-year term on Dec. 15 after receiving presidential approval, replacing current chairman Kim...

December 12, 2025
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12Dec

India. NPS can now invest in gold, silver ETFs: National Pension System to be more rewardee as it is now allowed to invest in these funds, Nifty 250 index

In a major update, the pension body has allowed NPS, UPS and APY schemes to invest in silver and gold ETFs as well as the Nifty 250 index. Not just that, they can now also invest in Alternative Investment Funds (Category I and II). These updates were revealed in a master circular on investment guidelines for Unified Pension Scheme/National Pension System/Atal Pension Yojana schemes pertaining to central/ state government (default), corporate CG, NPS Lite, Atal Pension Yojana and APY Fund Scheme options. The master...

December 12, 2025
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08Dec

The evol­u­tion of pen­sion reforms in India

India’s rap­idly age­ing pop­u­la­tion is emer­ging as a pivotal pen­sion chal­lenge. Today, over 153 mil­lion Indi­ans are aged over 60. This is pro­jec­ted to double to 347 mil­lion by 2050. While a small sec­tion of older Indi­ans has benefited from the rise of formal sec­tor retire­ment, more than 88% of today’s senior cit­izens con­tinue to work, in the sprawl­ing informal eco­nomy, without access to pen­sions or reli­able social secur­ity rather than retir­ing (Chart 1). We revisit the evol­u­tion of...

December 8, 2025
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02Dec

India. How Atal Pension Yojana is helping women claim long-term pension security

For millions of women who have spent lifetimes in unpaid labour or informal work, the idea of a guaranteed pension was once unimaginable. Today, they form 48% of all Atal Pension Yojana (APY) subscribers in India, reshaping a scheme designed for the country’s most vulnerable workers, according to a Lok Sabha reply on the scheme dated December 1. Launched by the Pension Fund Regulatory and Development Authority (PFRDA) in 2015, Atal Pension Yojana is a government-backed pension scheme aimed primarily...

December 2, 2025
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November 2025
07Nov

Determinants of financial inclusion among women-owned enterprises: a case study of the informal sector

By Faizan Khan Sherwani, Sanaa Zafar Shaikh, Shilpa Behal & Mohd Shuaib Siddiqui The purpose of this paper is to analyse the determinants of financial inclusion among women-owned informal enterprises in India. The study is based on a primary survey of 321 informal enterprises. The data has been collected through a structured questionnaire. A chi-square test has been used to examine the significant association between the characteristics of informal enterprises and their owners and financial inclusion. A logistic regression model...

November 7, 2025
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October 2025
20Oct

India. EPFO, NPS, Atal Pension Yojana covers less than 25% of workers: Mercer report on systemic flaws in retirement schemes

India’s pension safety net remains alarmingly narrow, with the Employees’ Provident Fund Organisation (EPFO), National Pension System (NPS), and government-backed schemes like the Atal Pension Yojana (APY) together covering less than 25% of the workforce — one of the lowest inclusion rates globally. A new Mercer–CFA Institute Global Pension Index 2025 report has flagged this limited reach, pointing to low coverage, inadequate benefits, rigid investment norms, and weak regulatory oversight as the country’s biggest pension challenges. As India’s working-age population...

October 20, 2025
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