Overview

Changing population dynamics have challenged the socio-economic stability of nations globally. This has brought into focus pension reform as one of the most critical socio-economic-political agendas. Against this background, this book gives a comprehensive account of the Indian pension system and the ongoing reforms. Pension Reform in India discusses the current National Pension System (NPS) structure and architecture extensively and also throws light on the alternative old-age financial-security schemes available in the country. To enable a better understanding of the critical issues of the hour, the author provides insights into pension reforms in many emerging-economy countries. Drawing upon his years of experience in this field and also from exhaustive research of data and publications of international agencies and eminent scholars, the author proposes methods for designing a pension system that is both viable and robust.

Full Product Details

Author:   Hira Sadhak
Publisher:   SAGE Publications India Pvt Ltd
Imprint:   SAGE Publications India Pvt Ltd
Dimensions:   Width: 18.40cm , Height: 3.60cm , Length: 24.10cm
Weight:   1.130kg
ISBN:  

9788132109792

ISBN 10:   8132109791
Pages:   528
Publication Date:   26 August 2013
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In stock  
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Table of Contents

Foreword D K Mehrotra Preface I: SOCIAL SECURITY AND PENSION REFORM: A GLOBAL PERSPECTIVE Social Security and Pension Reforms: Genesis and Challenges A Brief Review of Pension Reforms in Selected Emerging Market Countries Pension Reforms: Structural Change, Challenges and Impact II: SOCIAL SECURITY AND PENSION REFORMS IN INDIA: NPS IN A CHANGING SOCIO-ECONOMIC ENVIRONMENT Changing Trend in Economy, Demography and Ageing in India Social Security and Retirement Savings System in India Critical Challenges and Pension Reform Initiatives in India The Structure, Architecture and Administration of National Pension System NPS Lite: A Low Cost Pension Scheme for the Economically Disadvantaged NPS, Performance So Far and Structural and Regulatory Constraints III: PENSION REFORMS IN INDIA: SOME CRITICAL ISSUES AND UNFINISHED AGENDAS Pension Payouts, Mandatory Annuitization and State of Annuity Market in India Pension Products, Default Option and Public Policy Investment, Risk Management, Corporate Governance and State of Capital Market Pension Fund Regulation and Supervision: Issues and Challenges Financial Literacy: Promoting Awareness and Protecting Interest of Investors Summary and Some Suggestions Pension Fund Terminology Index

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Author Information

H. Sadhak is Dy. Chief Executive Officer (Regulatory Activities), Non- Bank Financial Institutions Regulatory Authority, Botswana. Previously he was an Advisor (Market and Industry) at Price Waterhouse Coopers (PwC) Pvt. Ltd, Mumbai. He has rich experience in financial services industry and has worked in leadership roles in pension fund, mutual fund, life insurance. Prior to joining PwC, Dr Sadhak was the founder MD/CEO of LIC Pension Fund Ltd, Executive Director LIC of India. Dr Sadhak is also an independent researcher and associated with many management institutions and universities as a guest faculty and examiner of PhD work. Dr Sadhak has held many important posts such as Executive Director with LIC of India (2004–06) and Joint General Manager with LIC Mutual Fund (1989–99). He was also an officer with a public sector bank and a lecturer in economics at a degree college. In the recent past he was a member/expert of many high power working groups/ technical committees including Technical Committee on Accounting Policy for NPS, PFRDA; Technical Advisory Group, Real Estate Price Index, Government of India; Working Group on Household Savings, 11th Five Year Plan, Government of India; Working Group on Household Savings, 10th Five Year Plan, Government of India; Working Group, Fifth Economic Census, Government of India; Working Group on Insurance Sector Statistics, National Statistics Commission; Founder Convener, Research and Statistics Committee, AMFI. An accomplished author, Dr Sadhak, has published more than 200 articles/research papers and five well appreciated books—Life Insurance in India: Opportunities, Challenges & Strategic Perspective (SAGE, 2009), Mutual Funds in India: Marketing Strategies and Investment Practices (SAGE, 1997), Role of Entrepreneurs in Backward Areas (1989), Impact of Incentives on Industrial Development in Backward Regions (1986). He is widely travelled and has delivered lectures in many national and international seminars/conferences in India and abroad. He is a director on the board of many companies and is also associated with many trade and industry associations. He has received many awards for his contribution to research in finance and economic development. Dr Sadhak obtained his PhD (Industrial Finance) from the University of Poona, MA (Economics) from University of Kalyani, West Bengal, and Diploma in Operation Research for Management from University of Mumbai. He is also a distinguished poet and novelist having 12 collections of published works in Bengali, English and Hindi to his credit.

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