P. Madhav Rao critiques the Pension Reforms in India that, according to him, favor the fund managers and not the proposed beneficiaries.
Linked by bhupinder. Join Blogbharti facebook group.The committee cautioned the Government by saying that pre-funding pension liability from the Government budget will not reduce the burden on the Government on the other hand it will increase the government burden during the long transition that is required to shift from an unfounded system to a funded system to the newly recruited staff of the Government.
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