Limited succour: Budget 2018 and senior citizens
6 years, 4 months ago

Limited succour: Budget 2018 and senior citizens

The Hindu  

Finance Minister Arun Jaitley stressed in his Budget speech last week that “to care for those who cared for us is one of the highest honours”, underscoring the importance the Centre attaches to providing economic support for India’s growing population of senior citizens. Another useful tax change is the proposal to raise the annual income tax deduction limit for health insurance premium and/or medical reimbursement to ₹50,000 for all seniors. This pension plan, unlike the entirely government-funded Indira Gandhi National Old Age Pension Scheme for the elderly who live below the poverty line, is contributory and is run by the Life Insurance Corporation of India. With more than 70% of the 104 million elderly living in the rural hinterland, any serious initiative to improve the lot of senior citizens must incorporate adequate budgetary support for social welfare spending on the relevant programmes.

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History of this topic

As fiscal year 2024-25 comes to end, here are some last-minute tax saving tips
3 days, 8 hours ago

As fiscal year 2024-25 comes to end, here are some last-minute tax saving tips

Hindustan Times  

With the financial year 2024-25 ending on March 31, 2025, it is important for taxpayers to know that Section 80C of the Income Tax Act can bring down one's gross salary by a maximum of ₹1.5 lakh. This can be done through investments in tax-saving instruments such as National Savings Certificates, Public Provident Fund, life insurance premiums, tax-saving Fixed Deposits, …

Kerala budget increases social sector funding, but no hike in pensions
1 month, 2 weeks ago

Kerala budget increases social sector funding, but no hike in pensions

New Indian Express  

There has been a serious effort by the finance minister to sustain financial inputs in the social sector despite financial constraints. But the gender budget analysis presented shows total allocation for women and girls under all government departments together showed a rise of just 4%. Another highlight is the declaration that the pending social security pension payments will be paid …

How can senior citizens benefit from SCSS? Interest rates, tax savings, and more
1 month, 3 weeks ago

How can senior citizens benefit from SCSS? Interest rates, tax savings, and more

Live Mint  

The Senior Citizens Savings Scheme is a government-backed savings initiative tailored for senior citizens to ensure a secure and regular income post-retirement. Eligibility criteria The following individuals are eligible to open an SCSS account: Senior citizens : Any individual aged 60 years or older at the time of account opening qualifies to invest in SCSS. Tax benefits Section 80C deduction: …

Budget 2025: Relief for taxpayers to simplified TDS, 10 major Income Tax announcements by FM Nirmala Sitharaman
1 month, 3 weeks ago

Budget 2025: Relief for taxpayers to simplified TDS, 10 major Income Tax announcements by FM Nirmala Sitharaman

Live Mint  

Budget 2025 Finance Minister Nirmala Sitharaman presented the union budget in Parliament on Saturday, with steps aimed to woo the salaried middle class with tax cuts. Key income tax announcements from the Budget 2025 1)No income tax on annual income up to ₹ 12.75 lakh The government has raised the Section 87A rebate limit from ₹7 lakh to ₹12 lakh, …

Economic Survey 2024-25: One thing India needs to avoid a Greece and Italy-like pension crisis
1 month, 3 weeks ago

Economic Survey 2024-25: One thing India needs to avoid a Greece and Italy-like pension crisis

Firstpost  

When it comes to pension schemes, the survey said, the traditional “Pay-As-You-Go” schemes do not ensure that funding from the younger workforce that pays pensions to retirees changes with a change in demography The Economic Survey 2024-25 tabled by Finance Minister Nirmala Sitharaman in Lok Sabha on Friday warned that India needs to steer clear of entering a pension crisis …

Insurers seek Budget support for tax incentives, more global participation, push for health cover
1 month, 3 weeks ago

Insurers seek Budget support for tax incentives, more global participation, push for health cover

Live Mint  

Insurance companies are looking at government support for the sector through Budget announcements that enhance accessibility, simplify tax benefits, and encourage innovation in insurance products. “The government might table the Insurance Laws Bill 2024 in the Budget session, therein proposing a score of changes to capital requirements, permissible FDI limit, opening up of the agency channel, minimum capital requirements and …

BJP manifesto promises Rs 2500 aid for women, Rs 500 LPG subsidy, Rs 10 lakh medical cover in Delhi polls
2 months, 1 week ago

BJP manifesto promises Rs 2500 aid for women, Rs 500 LPG subsidy, Rs 10 lakh medical cover in Delhi polls

New Indian Express  

NEW DELHI: The BJP released its manifesto on Friday, promising a range of benefits, including Rs 2,500 monthly assistance for women, a Rs 500 subsidy on LPG cylinders, and medical insurance coverage of up to Rs 10 lakh for every resident. While unveiling the party’s manifesto for the Assembly polls, BJP national president JP Nadda pledged to set up Atal …

Tax benefits for senior citizens: How can you maximize savings in AY 2025-26?
2 months, 1 week ago

Tax benefits for senior citizens: How can you maximize savings in AY 2025-26?

Live Mint  

Having a constant source of income adjusted with rising costs in India is a challenge, especially for senior citizens and those not actively employed. Tax benefits for senior citizens The Income Tax of 1961 provides certain tax benefits to senior and super citizens to help them in old age. According to Saif Ahmad Khan, Founder, LEDSAK.AI, “Section 504 relaxation exists …

Persons Being Taken Care Of By Relatives Also Entitled To Claim Old Age Pension: Madras High Court
2 months, 1 week ago

Persons Being Taken Care Of By Relatives Also Entitled To Claim Old Age Pension: Madras High Court

Live Law  

The Madras High Court recently observed that the Indira Gandhi National Old Age Pension Scheme did not contain any specific provision that excluded persons who were being taken care of by their relatives. Thus, Justice GK Ilanthiraiyan ordered benefits to be given to an octogenarian whose application for old age pension was rejected due to the fact that he was …

CM Mohan Charan Majhi launches enhanced pension for octogenarians and Divyangs
2 months, 1 week ago

CM Mohan Charan Majhi launches enhanced pension for octogenarians and Divyangs

New Indian Express  

BHUBANESWAR: Fulfilling yet another promise made by the BJP before the elections, Chief Minister Mohan Charan Majhi on Wednesday launched the enhanced pension for citizens aged 80 and above as well as for those with 80 per cent or more disability. Distributing the enhanced pension to a select few at a state-level programme in Dharanidhar University, Keonjhar, the chief minister …

Budget 2025: Looking back at tax relief measures for senior citizens in 2024
2 months, 2 weeks ago

Budget 2025: Looking back at tax relief measures for senior citizens in 2024

India Today  

As Finance Minister Nirmala Sitharaman prepares to present her eighth Union Budget on February 1, 2025, senior citizens are hopeful for meaningful tax reforms. NOTABLE REFORMS IN BUDGET 2024 Last year’s budget introduced several changes tailored to senior citizens. ITR FILING MADE SIMPLER Section 194P, introduced in Budget 2024, simplified the tax filing process for senior citizens aged 75 and …

PM-JAY for senior citizens: How to register for free health insurance
3 months ago

PM-JAY for senior citizens: How to register for free health insurance

India Today  

The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana offers free health insurance of up to Rs 5 lakh every year to senior citizens. ENROLLING IN THE SCHEME: A SIMPLE PROCESS Senior citizens or their family members can begin the enrolment process by downloading the Ayushman Bharat app from the Google Play Store or the official website. A HEALTHIER FUTURE FOR …

Is the Centre’s health insurance for seniors financially viable? Kerala may face massive cost hurdles
3 months, 2 weeks ago

Is the Centre’s health insurance for seniors financially viable? Kerala may face massive cost hurdles

The Hindu  

The implementation of the special health insurance scheme for senior citizens over 70 years of age under the Ayushman Bharat-Prime Minister’s Jan Arogya Yojana is likely to face a host of hurdles in Kerala as uncertainties are rife with regard to the Central allocation for the scheme. The new scheme for seniors’ healthcare, which envisages a health care coverage of …

Delhi Government adds 80,000 more people to old-age pension scheme; check eligibility, how to apply
4 months ago

Delhi Government adds 80,000 more people to old-age pension scheme; check eligibility, how to apply

Live Mint  

The Delhi government has announced an expansion of its old-age pension scheme, bringing an additional 80,000 senior citizens under its ambit. Interested applicants can apply through the e-district portal at https://edistrict.delhigovt.nic.in/ According to the Delhi government, over 10,000 applications have already been submitted since the portal was launched. Documents Required Applicants need to upload the following documents to complete their …

Delhi govt to add 80,000 more beneficiaries under old-age pension scheme | Know eligibility, benefits, process
4 months ago

Delhi govt to add 80,000 more beneficiaries under old-age pension scheme | Know eligibility, benefits, process

India TV News  

The Delhi government on Monday announced a pension scheme for 80,000 additional senior citizens, raising the total number of beneficiaries to 5.3 lakh. Addressing a press conference, AAP chief Arvind Kejriwal said that the Delhi government is committed to social welfare and highlighted that the decision to pay old-age pension to more people is being implemented following Cabinet approval on …

Delhi's new pension scheme: Eligibility, benefits, and how much seniors can get
4 months ago

Delhi's new pension scheme: Eligibility, benefits, and how much seniors can get

India Today  

The Delhi government has announced a pension scheme for the elderly, offering monthly financial aid to residents aged 60 and above. AAP supremo Arvind Kejriwal announced on Monday that an additional 80,000 people are now eligible for the old-age pension in Delhi, bringing the total number of beneficiaries to 5.3 lakh. The applicant must have a 'singly-operated' account in any …

Free Health Cover for Elderly: A Heartfelt Gesture from PM Modi
4 months, 3 weeks ago

Free Health Cover for Elderly: A Heartfelt Gesture from PM Modi

India TV News  

Prime Minister Narendra Modi announced free Rs 5 lakh medical insurance for all citizens aged 70 years and above, irrespective of their income level. This is part of the flagship scheme Ayushman Bharat-PM Jan Arogya Yojana which was launched in 2018 for vulnerable sections with a cover of Rs 5 lakh per family for secondary and tertiary care hospitalisation.

Make prevention the focus of health policy
6 months, 2 weeks ago

Make prevention the focus of health policy

Hindustan Times  

The government’s move to expand the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana to cover those above 70 years of age recognises a key need of the health care architecture in India — ensuring access to health care for the elderly by making it affordable for them to That said, there will be pressures on the fiscal side. As the …

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News
7 months ago

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News

ABP News  

The Modi government has introduced a significant benefit for government employees by approving the Unified Pension Scheme. This new scheme aims to ensure guaranteed pensions, family pensions, and a minimum assured pension for central employees. Under the new scheme, pensioners will receive 50% of their average basic pay from the last 12 months before retirement, provided they have served for …

The burden of health care on India’s poorest
7 months, 2 weeks ago

The burden of health care on India’s poorest

Hindustan Times  

In recent years, the Indian government has made significant strides in reducing the burden of health expenditure on the common citizen. A particular focus of the government has been to reduce the burden of severe economic shocks due to “catastrophic” health care expenditure such as hospitalisation. In order to understand the character of catastrophic health expenditure, Artha Global’s Centre for …

Govt, workers thrash out key issues in new pension scheme
7 months, 3 weeks ago

Govt, workers thrash out key issues in new pension scheme

Hindustan Times  

Representatives of the government and its employees have reached a consensus on the contentious pension issue, addressing concerns about post-retirement benefits without reverting to the old pension scheme, according to two people familiar with the matter. “After working out the finer details, the committee will submit its report to the government soon.” The resolution addresses three core apprehensions of employees, …

A Budget that places health on the margins
8 months ago

A Budget that places health on the margins

The Hindu  

With the worst of the COVID-19 pandemic behind us, the Union Budget expectedly shifted focus to levers of economic growth such as infrastructure and employment. It was also hoped that the recognition of population health as a vital investment for accelerating as well as protecting economic growth would see continued investment in strengthening our health systems. In the Interim Budget, …

Old vs new pension scheme: Will Budget 2024 offer 50% of last drawn salary as annuity?
8 months, 1 week ago

Old vs new pension scheme: Will Budget 2024 offer 50% of last drawn salary as annuity?

Firstpost  

Amid calls to restore old pension scheme, government is considering a proposal to increase pension benefits under National Pension System. Reports suggest Finance Minister Nirmala Sitharaman may announce a 50% pension guarantee of employees’ last drawn salary in Budget 2024. File Photo Amid calls, including from Opposition parties, for restoration of old pension scheme, Narendra Modi government is likely to …

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana
8 months, 2 weeks ago

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana

India TV News  

Budget 2024: The government is considering a proposal to increase the minimum guaranteed amount under its popular social security initiative, Atal Pension Yojana. Proposals to make scheme more attractive As of June 20, there have been more than 66.2 million enrollments in the Atal Pension Yojana, with 12.2 million new accounts added in the financial year 2023-24 alone. Economically deprived …

Senior Citizens In Andhra Pradesh Overjoyed As Govt Raises Pension To Rs 7,000
8 months, 3 weeks ago

Senior Citizens In Andhra Pradesh Overjoyed As Govt Raises Pension To Rs 7,000

News 18  

The old people in a district in Andhra Pradesh are experiencing boundless joy through an arts and pension program. The pension distribution initiative, especially active in the Kakinada Rural, Prattipadu, Jaggampet and Tuni constituencies of the joint East Godavari districts, begins early at 5 am. Unlike before, when volunteers would deliver pensions door-to-door, the current method involves personal visits by …

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls
8 months, 3 weeks ago

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls

The Hindu  

On a spree to hand over benefits of various social welfare schemes ahead of the Assembly polls, Haryana Chief Minister Nayab Saini on June 30 provided benefits amounting to more than ₹100.68 crores to 83,633 beneficiaries under three ambitious schemes. At a State-level programme in Panipat, Mr. Saini disbursed ₹22.59 crores to 75,330 beneficiaries under the Social Security Pension Scheme …

DC Edit | Help seniors pay for health cover
11 months ago

DC Edit | Help seniors pay for health cover

Deccan Chronicle  

The Insurance Regulatory and Development Authority has decided to make it mandatory for insurance companies to offer standard health insurance policies to people aged 65 and above. While some non-life insurance companies have been offering life-long health insurance products to senior citizens, the IRDAI’s new move will create a standard policy across the industry for senior citizens. The health insurance …

How PM Modi’s 'Health Insurance for 70+' Scheme Will Cushion Middle Class, Benefit BJP in Battle 2024
11 months, 1 week ago

How PM Modi’s 'Health Insurance for 70+' Scheme Will Cushion Middle Class, Benefit BJP in Battle 2024

News 18  

Over six crore senior citizens in India will benefit from Prime Minister Narendra Modi’s promise to extend medical insurance coverage under Ayushman Bharat to all Indians above the age of 70 years if the BJP is voted to power. “Most medical insurance companies don’t offer medical insurance to those above 70 years of age, as they anticipate a high number …

NITI Aayog pitches for tax reforms, housing plan for elderly
1 year, 1 month ago

NITI Aayog pitches for tax reforms, housing plan for elderly

Live Mint  

Government think tank NITI Aayog has pitched for tax reforms, mandatory saving plan, and housing plan for senior citizens in India, as the population of senior citizens is projected to reach 19.5 per cent of the country's population by 2050. In a report titled 'Senior Care Reforms in India - Reimagining the Senior Care Paradigm', NITI Aayog said a national …

Eye on polls: BJD govt in Odisha hikes old age pension amount by 500
1 year, 1 month ago

Eye on polls: BJD govt in Odisha hikes old age pension amount by 500

Deccan Chronicle  

Bhubaneswar: In an apparent move to impress the elderly voters in Odisha, the state government Saturday hiked the monthly financial assistance given to them under the Madhu Babu Pension scheme. Chief Minister Naveen Patnaik announced the hike by Rs 500.With this hike, a beneficiary will be entitled to receive a minimum monthly pension of Rs 1,000. After the hike, beneficiaries …

Interim Budget 2024 Wishlist: Insurance Industry Expects Higher Deductions for Medical Insurance Premiums
1 year, 2 months ago

Interim Budget 2024 Wishlist: Insurance Industry Expects Higher Deductions for Medical Insurance Premiums

News 18  

Written By Ramkumar S & Bijal Khara: The Union Budget 2023 was a bitter pill to swallow in many ways for the insurance sector, stemming from the fact that increased limit under Sections 80C and 80D, separate deduction for home insurance, relook at GST rates, and tax-free status for pension/annuity were not considered in the Budget. This impacted life insurance …

NPS scheme may get a makeover in Interim Budget 2024
1 year, 2 months ago

NPS scheme may get a makeover in Interim Budget 2024

India Today  

India is expected to consider extending tax concessions on contributions and withdrawals in the upcoming Interim Budget 2024, in an effort to make the National Pension Scheme more attractive, as per a Deloitte report The government might specifically focus on individuals aged 75 and above. Corporations enjoy tax exemptions for contributions up to 10 per cent of the basic salary …

India urgently requires universal pension plan, say senior citizens
1 year, 2 months ago

India urgently requires universal pension plan, say senior citizens

The Hindu  

In the absence of a social security scheme, India should urgently introduce a universal pension scheme to ensure economic security for its retired and elderly population. Stagnant pension sum According to Mr. Gangadhar, the government of India runs Indira Gandhi National Old Age Pension Scheme, and pays ₹2,000 per month to citizens above the age of 60 who are Below …

The Old Pension Scheme wildfire must be stopped before it’s too late
1 year, 4 months ago

The Old Pension Scheme wildfire must be stopped before it’s too late

Live Mint  

The political battle between protecting the National Pension System and going back to the Old Pension Scheme is heating up, thanks to the various state elections just started. Public opinion and voter passion is being stirred by presenting the OPS as ‘pro-people’ and NPS as ‘anti-people.’ Meme creators and slogan writers are busy making graphic and emotive campaigns. OPS guarantees …

It is time for India’s 97% to speak up against the Old Pension Scheme
1 year, 4 months ago

It is time for India’s 97% to speak up against the Old Pension Scheme

Live Mint  

Few will dispute that the Indian economy’s recovery from the covid shock has been better than that of most other major economies, barring perhaps the US. If this admittedly K-shaped rebound is to continue apace and become more equitable, government spending must hold up; and, as a corollary, the health of government finances isn’t imperilled. In a country inured to …

Elderly have low awareness about welfare schemes, says India Ageing Report 2023
1 year, 5 months ago

Elderly have low awareness about welfare schemes, says India Ageing Report 2023

The Hindu  

The awareness among the elderly population among the social welfare schemes in the country remains low, the recently published India Ageing Report 2023 has pointed out. The three key government schemes for the elderly are the Indira Gandhi National Old Age Pension Scheme, Indira Gandhi National Widow Pension Scheme and Annapurna Scheme. Older persons with disabilities The India Ageing Report …

Rs 9,250 Monthly Pension For Senior Citizens: Pradhan Mantri Vaya Vandana Yojana; Check Last Date And Other Details
2 years, 1 month ago

Rs 9,250 Monthly Pension For Senior Citizens: Pradhan Mantri Vaya Vandana Yojana; Check Last Date And Other Details

News 18  

The Government of India launched the ‘Pradhan Mantri Vaya Vandana Yojana ’ in 2017 to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. LIC’s Pradhan Mantri Vaya Vandana Yojana: Plan The Plan provides immediate pension for senior citizens 60 years …

Union Budget 2023: Here are key reforms that salaried class can expect
2 years, 2 months ago

Union Budget 2023: Here are key reforms that salaried class can expect

India Today  

The Union Budget is eagerly anticipated every year - by the common man, the rich, corporations, partnership firms, stock market investors – for the significant impact it has on their finances. The government could reduce the highest tax rate from 30 per cent to 25 per cent to give more purchasing power and provide some relief to salaried employees. Also, …

Rajasthan: Gehlot defends old pension scheme as a social security measure
2 years, 3 months ago

Rajasthan: Gehlot defends old pension scheme as a social security measure

The Hindu  

Rajasthan Chief Minister Ashok Gehlot on Saturday defended his government’s move to restore the old pension scheme for the government employees, saying it was an important social security measure, which would protect the retired officials in their old age. The Central agencies had started criticising the OPS after the results of the Assembly election in Himachal Pradesh were announced, as …

Year Ender: What should be the tax and retirement planning strategies for 2023?
2 years, 3 months ago

Year Ender: What should be the tax and retirement planning strategies for 2023?

Live Mint  

It could be time for retail investors to think seriously about their tax and retirement plans for the upcoming year 2023 as the end of the year gets closer. Nevertheless, it is Every Senior Citizen, whether or not he has planned for his retirement, can look at some of the indicative Tax Planning tools picked by Dr. Suresh Surana. Senior …

Old Pension Scheme A 'Revdi' or Pan-India Poll Plank? For 2024, Congress to Take A Leaf Out of Priyanka's Himachal Playbook
2 years, 3 months ago

Old Pension Scheme A 'Revdi' or Pan-India Poll Plank? For 2024, Congress to Take A Leaf Out of Priyanka's Himachal Playbook

News 18  

It may cause a fiscal catastrophe but the Himachal Pradesh win could have given the Congress a pan-India issue for pitching in the 2024 Lok Sabha elections — bringing back the Old Pension Scheme nationwide. The party’s star campaigner, Priyanka Gandhi Vadra, promised in election rallies that the new Congress government would implement OPS in its first cabinet meeting. He …

Health Insurance for Senior Citizens: A Hope for Healthy Aging
2 years, 4 months ago

Health Insurance for Senior Citizens: A Hope for Healthy Aging

The Quint  

Health Insurance has become pivotal today more than ever before. Health insurance allows every individual but especially senior citizens above the age group of 65 to maintain their financial stability while still taking care of their health. Get the coverage and protection you need Reliance Health Gain Policy comes loaded with a wide network of hospitals and 38 industry-leading features …

Old Pension Scheme Not HP Election Jumla, Already Implemented in Ch'garh & Rajasthan: Priyanka Gandhi
2 years, 4 months ago

Old Pension Scheme Not HP Election Jumla, Already Implemented in Ch'garh & Rajasthan: Priyanka Gandhi

News 18  

Congress leader Priyanka Gandhi Vadra on Thursday said promising return of old pension scheme by her party was not an election “jumla” as she accused the BJP of questioning the financial viability of the move while waiving loans of big industrialists. When the first cabinet meeting takes place of a Congress government in Himachal Pradesh, one lakh jobs would be …

Pension systems should be fair and sustainable
2 years, 5 months ago

Pension systems should be fair and sustainable

Live Mint  

Elections in key states are round the corner and a pitch for switching back to India’s old system of state pensions is growing louder. Himachal Pradesh state Congress chief Pratibha Singh recently promised that the party will bring back a defined-benefits package within 10 days if voted to power, echoing a promise party leader Rahul Gandhi made in Gujarat, another …

The future of old times in India
2 years, 6 months ago

The future of old times in India

The Hindu  

Life expectancy in India has more than doubled since Independence — from around 32 years in the late 1940s to 70 years or so today. Among the elderly living alone, in the Tamil Nadu sample, 74% had symptoms that would classify them as likely to be mildly depressed or worse on the short-form Geriatric Depression Scale. India has important schemes …

Senior Citizen? Want Better Returns Than FD, Tax Benefits, Regular Income Post Retirement? Do This
2 years, 8 months ago

Senior Citizen? Want Better Returns Than FD, Tax Benefits, Regular Income Post Retirement? Do This

News 18  

If you are a senior citizen and wants a regular stream of income and tax saving benefits, the Senior Citizens Savings Scheme is the scheme you should consider. It is a government retirement saving scheme that helps senior citizens receive quarterly interest payments along with tax benefits. For instance, Punjab National Bank offers interest rates in the range of 3.50-5.75 …

Restore old pension scheme for employees: Ashok Gehlot to PM Modi
3 years ago

Restore old pension scheme for employees: Ashok Gehlot to PM Modi

Hindustan Times  

JAIPUR: Rajasthan chief minister Ashok Gehlot on Monday said Prime Minister Narendra Modi should announce the revival of the old pension scheme for employees across the country as done by the Rajasthan government. Chief minister Ashok Gehlot addressed the Rajasthan assembly before the House passed the state budget by voice vote on Monday “Modi and other states will have to …

Show commitment to equity in the Budget
3 years, 1 month ago

Show commitment to equity in the Budget

The Hindu  

On January 17, 2022, Oxfam International presented its annual global “Inequality Report”. During the novel coronavirus pandemic, the report reveals, more than half the world’s new poor are from India; 84% Indian households have suffered a loss of income, with 4.6 crore people falling into extreme poverty. One of the most important places to show commitment to equity, is the …

NPS could get additional income tax benefits: Key things to know
3 years, 2 months ago

NPS could get additional income tax benefits: Key things to know

Live Mint  

People have a lot of expectations from Nirmala Sitharaman's Union Budget 2022. The additional deduction limit under the National Pension Scheme could be raised from ₹50,000 to ₹1 lakh this year. However, an increment in the limit for additional deduction for NPS investments would also amount to a similar correct step in the right direction,” he said. Amit Gupta, MD, …

Looking for Investment Plans for Elderly Parents? Check this Scheme, Return, Benefits
3 years, 7 months ago

Looking for Investment Plans for Elderly Parents? Check this Scheme, Return, Benefits

News 18  

The Senior Citizens Savings Scheme is a healthy alternative for people of retirement age. With that in mind, here is a broad overview of the Senior Citizens Savings Scheme, which can offer good investment options to those who are 60 years of age or older. Overview of the Senior Citizens Savings Scheme The scheme was brought into being in August …

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