India’s Pension System among the lowest globally, says Mercer CFA Report
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New Delhi: India’s pension system has been ranked among the lowest in the world, according to the Mercer CFA Institute Global Pension Index 2025. The country received a ‘Grade D’, placing it alongside Turkey, Argentina, and the Philippines - nations that, the report said, have “some desirable features but major weaknesses that need urgent attention.”
India’s overall index value slipped slightly from 44 in 2024 to 43.8 in 2025. The ranking evaluated 52 countries across three parameters, adequacy (40%), sustainability (35%), and integrity (25%). India received Grade E for adequacy, and Grades D and C for sustainability and integrity, respectively.
The report recommended the introduction of a minimum income floor for the poorest elderly citizens, expansion of pension coverage to informal sector workers, and a long-term strategy to build pension assets to improve India’s performance.
India’s low assets-to-GDP ratio was identified as a key concern. The Economic Survey 2024–25 noted that India’s total pension assets account for only 21% of the GDP, compared to over 80% in OECD countries.
In contrast, Singapore entered the top tier of the global pension index for the first time by earning Grade A. The Netherlands retained its position as the top-ranked country, followed by Iceland, Denmark, and Israel.
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Banned tobacco products seized in Ulhasnagar, one arrested
Thane (PTI): Police have arrested a 26-year-old man and seized banned tobacco products valued at more than Rs 5 lakh following a raid in the Ulhasnagar area of Thane district, an official said on Saturday.
The operation was conducted on the premises late Wednesday night near Shahad gate, based on a complaint filed by officials from the Food and Drug Administration (FDA), a police officer said, adding that a police team found a large consignment of contraband from different brands, stocked for illegal sale.
The arrested accused has been identified as Arbaz Nasir Khan (26). Two other suspects have been named as wanted in the case, and a hunt has been launched to nab them.
The seized tobacco products are valued at approximately Rs 5,05,658.
An FIR has been registered at the Ulhasnagar police station under various sections of the Bharatiya Nyaya Sanhita (BNS), along with relevant provisions of FDA regulations.
