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Atal Pension Yojana (APY), the flagship social security scheme of the government was launched on May 9, 2015 by Prime Minister Narendra Modi. APY aims at delivering old age income security particularly to the workers in the unorganised sector.
Irrespective of the government's motivations behind the Agnipath scheme, the linkage between the rising pension expenditure and somewhat moderate outlays for operations and force modernisation is undeniable.
“The value of the emergency cash transfer worked out to less than $5 per month, which was grossly inadequate,” Satendra Singh, disability activist, told IndiaSpend. “It should have been $1.9 per day, as per the International Labour Organization recommendation, or Rs 5,000 per month. Further, [the eligibility meant] only 8% of working-age adults with disabilities [were covered].” In its Covid-19 response, the United Nations Economic and Social Commission for Asia and the Pacific urged countries to cover the “missing middle” – a group whose income often disqualifies its members from poverty-targeted schemes in which they do not have to contribute. At the same time, many do not participate in contributory schemes (such as the