Why in the News?
Recently, ILO released a report titled ‘World Social Protection Report 2020-22: Regional companion report for Asia and the Pacific’.
Key Points:
Key Findings:
Global:
- Social Protection Benefit: Mongolia, New Zealand, Singapore and Australia have 100 per cent social protection net.
- As of 2020, only 46.9 % of the global population was effectively covered by at least one social protection benefit.
- Gender Inequality: Women’s coverage lag behind men’s by a substantial 8 percentage points.
- Working-age population: 69.4 percent are only partially protected or not protected at all.
India’s Specific:
- Only 24.4 per cent of Indians, even fewer than Bangladesh (28.4 per cent), are under any sort of social protection benefit.
- India’s social security spending is Lower than 5% of GDP per capita.
Recommendation:
- Follow a ‘high-road’ development approach and make social protection more inclusive while supporting greater growth.
What is Social protection:
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Few Government steps:
- Social Security Code 2020
- PM Garib Kalyan Ann Yojana (PMGKAY)
- One Nation One Ration Card
- Atmanirbhar Bharat Rozgar Yojana, and
- MGNREGA
- Pradhan Mantri Jan Aarogya Yojana (PM-JAY)
About International Labour Organisation (ILO):
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