Economic and Financial Establishment Must Be Primary Analysis for Public Policy like Aral Pension Yojana

Abstract

In the past and even today it has been observed that, public policy in the area of social security  has  always been  perceived as welfare agenda, no due consideration been given to its financial and  economic  viability for the policy long-run  sustainability. Policy decisions are taken in hurry to give a mere congruence to the political manifesto in the short run to enchant public (who are mostly ignorant of policy operating mechanism and benefit in real term), without ascertaining its long-term consequences and economic impacts on future generation financial health in the economy. The following article is evaluating the Atal Pension Yojana and its sustainability in the long run, which has been in operation since 1^st June, 2015.