Senior Care News
National News
How age-tech can radically improve healthcare for senior citizens
Technology, unlike traditional care, can provide the predictive and non-intrusive monitoring that seniors need
Free dementia support line and online memory clinic launched in India
Those seeking guidance, support, or assistance related to dementia or memory-related issues, can call 8585 990 990
India faces a growing need for palliative care
India’s older adult population is expected to increase by 41% within the next decade, exposing an unmet need for palliative care.
https://www.bmj.com/content/382/bmj.p1751
Senior citizens rally behind Jaya Bachan demanding pension for senior citizens above 60 years
https://himbumail.com/home/latest/senior-citizens-rally-behind-jaya-bachhan
Deadline for linking Aadhaar to PPF, NSC, or SCSS is approaching. Know the consequences of frozen accounts
Karnataka set to come out with State Dementia Action Plan
While a National Dementia Action Plan is yet to be formulated, Karnataka is working on making dementia a health priority.
NITI Aayog working on policy to improve elderly care in the works
The NITI Aayog in India is developing a policy to improve elderly care in the country. The aim is to have a comprehensive system in place.
How to set up a smartphone for elderly and parents: A complete guide
If you’re considering purchasing a new smartphone for an elderly individual, it’s essential to take the extra step of setting up the device according to their preferences and needs.
Yodda Elder Care Partners with GlobalLogic to Provide Tech-Enabled Elder Care Benefits
Less than 2% of senior citizens hold health insurance coverage: Survey
Should You Opt For Elderly Care And Counselling Services At Home If Children Are Not Around?
Aug 22, 2023
Senior people living alone have to undergo several hardships related to their physical and psychological well-being. Do elderly care and counselling services cater to their need in such a situation?
Future Trends for Geriatric & Home-Based Healthcare
Aug 22, 2023
With the demographic transition underway in India, the elderly population is projected to rise to 12% of the total population by 2025. By 2050, with ~330 million Indians over the age of 60, every fifth Indian would be a senior citizen, which is equivalent to the total population of the US.
Court orders man to provide monthly aid of Rs 30k to elderly parents
Aug 24, 2023
BAGESHWAR: The court of the judicial magistrate in Bageshwar has ordered a man to contribute Rs. 30,000 every month as financial support to his elderly parents.
6 key points to check before buying health insurance for senior citizens
Aug 21, 2023
One important part of healthcare planning for seniors is getting the right health insurance.
Sikkim notifies ‘Shravan Kumar Award’ for people serving elderly parents
Gangtok, Aug 17 (PTI) The Sikkim government on Thursday notified the “Shravan Kumar Award” to recognise the sons and daughters who take care of their elderly parents.
https://www.theweek.in/wire-updates/national/2023/08/17/cal26-sk-award.html
Women neither subordinate to men nor need to be submissive to anybody’: SC handbook on combating gender stereotypes
The top court also suggested alternative words and phrases for use in the judicial discourse and in orders and judgments. These include using woman instead of career woman, assigned female/male at birth instead of born a girl/boy, sex worker instead of hooker.
Three Challenges Singles Are Likely To Face In Retirement, And How To Overcome Them
According to the estimates of the National Commission of Population, the elderly Indian population would be around 138 million in 2023.
Bone Health: 7 Warning Signs of Brittle Bones You Should Not Ignore
Strong bones form the foundation of a healthy and active lifestyle, supporting our body’s structure and protecting vital organs.
‘End Dependence’: Federal Bank FD interest rate for senior citizens increased from Independence Day
Aug 15, 2023
Federal Bank is offering an interest rate of 7.30 per cent for a 13-month term deposit at general category rate, while senior citizen interest rates have increased 8.07 per cent, effective from 15 August 2023.
A wishlist on senior citizens day (Aug 21, 2023)
Aug 14, 2023
I was pleasantly surprised to read that the world, including India, celebrates August 21 as `Senior Citizens Day’. It transpired that as any such `Days’ go, this too was originated in the US, in 1988 when President Ronald Reagan proclaimed this day to raise awareness about issues that affect senior citizens and their quality of life.
https://timesofindia.indiatimes.com/blogs/randomly-elder/a-wishlist-on-senior-citizens-day/
Independence Day 2023: Liberating the senior citizens from the fear of ailments
Aug 15, 2023 Senior citizens typically face elevated health insurance premiums. This refrains them from seeking the necessary medical treatment. Celebrating independence is incomplete unless we as a society celebrate our aged parents’ right to good health and freedom from unwanted health disorders.
How elderly citizens in India are finding love
Indian seniors are refusing to spend their twilight years alone and are turning to matchmaking and dating apps. But this means breaking some deep-seated taboos.
Senior citizen tribunal can order children’s eviction: Punjab and Haryana High Court
The Punjab and Haryana High Court has made it clear that a tribunal constituted under the Senior Citizens Act may have the authority to order an eviction, if necessary and expedient to ensure the maintenance and protection of a senior citizen or a parent.
Hyderabad: Exclusive gym for senior citizens set up at Botanical Gardens
The gymnasium was set up in Botanical Gardens following a requisition from the senior citizens
https://telanganatoday.com/exclusive-gym-for-senior-citizens-set-up-at-botanical-gardens
Mangaluru: City police reach out to senior citizens
The city police conducted a special drive aimed at visiting the houses of senior citizens and engaging in interactions with them on Sunday.
Punjab: Rs 10 crore released for old-age homes in Mansa, Barnala
The government has released an amount of Rs 10 crore for construction of old-age homes in Mansa and Barnala, said Social Security, Women and Child Development Minister Baljit Kaur here today.
Strategies to combat the impact of loneliness on the mental health of elderly
The Longitudinal Ageing Study of India (LASI, 2020) suggests that more than one in ten elderly aged 60 and above have a probable major depression and in the states/UTs of Madhya Pradesh (17%), Uttar Pradesh (14%), Delhi (11%), Bihar (10%) and Goa (10%) while one in five elderly persons in India has mental health issues.
Health Insurance: Important factors to consider when buying a plan for senior citizens
Health insurance premiums are normally higher for senior citizens. Another thing to consider is deductibles or money paid by the policyholder before the insurer provides the money.
Explained: Long-term capital gains from shares and rebate under Section 87A for senior citizens
Taxation rules for senior citizens: As per the scheme of taxation of capital gains under the income tax laws, short-term capital losses have to be first set off against short-term capital gains if any for the same financial year
Health and financial stability most important factors to consider for retirement, says Never Say Retired founder Maroo
When planning for retirement, one has a number of questions including: Where to put money? How much and for how long? Who better to answer these questions than those who are experienced?
Now, BMC planning to set up day care centres for senior citizens in Mumbai
The BMC is planning to set up day care centres for senior citizens. The centres once set up will remain open for at least 10 hours in a day, according to the BMC planning department’s proposal. The civic body’s move comes in view of the demand from citizens.
Why are senior citizens being targeted for online scams? Ritesh Bhatia answers
There is a new kind of AI deepfake scam which is typically targeting senior citizens.
The paradigm shift in India’s senior care: A close look at Athulya’s holistic approach
As urbanisation accelerates, the time-honoured joint family structures are dissipating, leaving many elderly individuals living away from their younger kin. This change highlights a critical void that needs to be addressed- comprehensive care facilities dedicated exclusively to the elderly. Athulya Senior Care, a forerunner in India’s elder care sector, is making strides to bridge this gap.
Senior citizen FD rates up to 9.1% offered by Small Finance Banks, check details
Looking to maximize your savings as a senior citizen? Many small finance banks are rolling out enticing offers, providing strong interest rates of up to 9.1 percent on Fixed Deposits (FDs) for customers aged 60 and above.
No longer alone, 25 discharged patients find home at Valakom
In a move aimed at the care, protection, and well-being of discharged patients, the District Legal Services Authority (DLSA) and the Social Justice department have partnered with Gandhi Bhavan, Pathanapuram, to rehabilitate 15 elderly patients from Ward 9 of General Hospital and 10 destitute patients from Government Medical College Hospital, Thiruvananthapuram.
Students develop real-time fall-detection system for elderly
A group of engineering students of the Vishwakarma University in Pune noticed how India’s population was ageing.
Family hires a ghostwriter to record stories from 95-year-old grandmother
Sahil Bloom, a motivational speaker and writer, shared that by compiling their grandmother’s life stories in a book, they will be immortalising her memories.
Am I ready to retire? Here are 6 signs that you’re ready
Financial experts weigh in on what you need to accomplish before you can leave work behind.
https://www.cnbc.com/amp/select/signs-you-can-retire/
UNLEASHING THE POTENTIAL OF AI IN BIOMARKER ANALYSIS FOR HEALTHSPAN AND LONGEVITY
Artificial intelligence can be harnessed to uncover crucial insights into the ageing process and develop personalised interventions to promote healthy ageing.
https://yourstory.com/2023/07/potential-of-ai-in-biomarker-analysis-healthspan-longevity
Public Provident Fund to Sukanya Samriddhi Yojana:
Safe money schemes will help you with bumper returns and investment
Senior living: an emerging new asset class
https://businessindia.co/magazine/senior-living-an-emerging-new-asset-class
1.6 crore given for elderly care
Visakhapatnam: Karur Vysya Bank has extended financial support as a part of its CSR initiative to an integrated geriatric and palliative care facility in Visakhapatnam. A sum of 1.6 crore has been sanctioned to Sneha Sandhya Age Care Foundation towards construction of a block to care for the elderly and terminally ill patients.
A homely touch to elders after kids ‘settle’ abroad
The United Nations projects that Indians over the age of 60 years will double by 2050, constituting almost 19.6 per cent of the total population
https://www.bizzbuzz.news/amp/industry/a-homely-touch-to-elders-after-kids-settle-abroad-1227077
Ashiana Housing to allocate Rs 2.75 bn for senior living project in Pune
Realty developer Ashiana Housing has announced its intention to invest more than Rs 2.75 billion in the development of a senior living project spanning 11.93 acre in Pune’s Talegaon locality.
Financial inclusion: Don’t leave elderly behind
Authorities need to reorient development plans to look at age-friendly and safe services
Pune: Ashiana Housing Launches Its Seventh Senior Living Project, Ashiana Amodh
The project will be funded through internal accruals and construction finance, ensuring the timely completion and delivery of high-quality residences
PGIMER to study ‘mental health’ of those at old-age homes
At the Department of Psychiatry, Postgraduate Institute of Medical Education and Research (PGIMER), Chandigarh, the weekly geriatric clinic which functions every Thursday, focuses on the mental care of the elderly.
A Gift that Matters: Comprehensive health insurance plan for your father’s health
World Elder Abuse Awareness Day 2023: Signs of emotional, physical abuse in elderly
Preventing and addressing elder abuse requires a collective effort from individuals, communities, organizations and policymakers.
Making the Right Move: How to Decide When Assisted Living is the Best Option
By residing in an assisted living facility, seniors benefit from trained staff and a safe and supportive environment that addresses their unique needs, mitigates the risks associated with falls/accidents and ensures their overall well-being.
GenWise raises $3.5 million in funding led by Matrix to target elderly population
Aging with grace: Are senior living homes right for you?
Digital literacy for the elderly a necessity
June 8, 2023
Many elderly people are unable to use some of the most commonly used features of WhatsApp, like video calls
Poorly insulated nerve cells promote Alzheimer’s disease in old age: Study
Assistive technologies can enhance mobility for elderly passengers
Crime against elderly
Kolkata man dupes senior citizen by posing as woman on Facebook, arrested
As more opt for their own private space, senior living real estate segment opens up
June 5, 2023
South India accounts for 70% of these projects in India. Tamil Nadu has emerged as one of the prominent markets in this segment. Apart from Chennai, Tier II & III locations have emerged as the markets for senior living projects. Hill stations have also emerged as a niche market
Older the merrier: Higher interest on FDs for super senior citizens
Kids away, elderly look out for each other in this community of seniors
June 4, 2023
Study Shows Multivitamin Consumption Can Help Slow Memory Loss In Older Adults
May 31, 2023
Recent research has changed the perspective with which they are looked at as it has shown that multivitamins can help slow down memory loss in people aged 60 or more.
Nest egg: How NRIs save to fly back for their sunset years
May 30, 2023
The financial benefits for non-resident Indians become apparent when they earn in foreign currencies and convert them to Indian rupees to invest and save, leading to significant growth in rupee terms.
Deficiency of flavanol, found in certain fruits, vegetables, a driver of aging memory loss
May 30, 2023
The study, published in the journal Proceedings of the National Academy of Sciences (PNAS), found that flavanol intake among older adults tracked with scores on tests designed to detect memory loss due to normal aging.
India will have a huge geriatric-care market: Kris Gopalakrishnan
May 29, 2023
Country yet to have a social security network
Retirement planning is not part of Indian women’s financial considerations, survey shows
May 29. 2023
Notably, 42 per cent of the women surveyed expressed a preference for managing their investments independently and digitally, indicating a growing trend towards self-directed investment.
Take care: Wishlist for senior citizen mediclaims to make them more modular and flexible
May 29, 2023
In India, people often overlook need for adequate health insurance unless medical emergency strikes
Best Wheelchairs
Do you have a senior citizen at home? If yes, keeping a wheelchair at home is essential. There can be a possibility that you won’t need it but emergencies can occur anytime.
Retired professor builds garden for butterflies in her society
May 25, 2023
Thane: Soon after she retired as a zoology professor, Poonam Kurve, 60, had plans to build a butterfly garden in her housing complex. In just five months, she was able to execute her plans and build a garden, replete with painted stones, a variety of plants and artificial butterflies, designed to attract the colourful winged insects.
Health insurance: No country for old men? Not anymore
18 May 2023
As senior citizens are more vulnerable to falling ill, their medical expenses, and thereby insurance premiums, are bound to be higher.
Kerala: an exemplary story in palliative care
May 18, 2023
Kerala shows how diverse groups of people — across religious, caste, class, and gender divides — forged solidarities to create care infrastructure
BCD Group ventures into rental senior living segment with Vanaprastha
May 18, 2023
BCD Group, a real estate development firm, has forayed into the senior living rental residential segment, with its first project in Bangalore with an investment of Ra 200 crore.
14% elderly suffers psychological health issues, MLNMC study
May 17, 2023
In a study conducted on 463 people from urban and rural areas of the district who are over 60 years of age, 13.7% of these elderly people have been found to be facing some or the other psychological health issue, said researchers of the Department of Community Medicine of Prayagraj-based Moti Lal Nehru Medical College.
Samarth launches customised travel services for seniors in India
May 17, 2023
Samarth, India’s largest community of senior citizens with a presence in 92 cities, has launched customised travel experiences for seniors in partnership with Breakaway, a travel specialist which has delighted travellers in India and from overseas over the last 12 years, filling a significant gap in this space
Government looks to hire retirees for health and education sectors
Vesta: Know How Trained Caregivers Can Help In Improving Elderly Health
May 11, 2023
International Nurses Day: Nurse clubs common sense and skill to save man’s life, shares inspiring story
May 11, 2023
On the occasion of International Nurses Day, we spoke to Kavita, a young nurse working at Fortis Hospital, Shalimar Bagh in the Cardiac Critical Care Unit, who saved life of a man lying unconscious on the road with her presence of mind and prompt action.
Why elderly fall prey to cybercrime
May 11, 2023
Over the past few years, India has witnessed a rapid increase in the number of cybercrimes. With the growing adoption of technology and digitalization, there has been a rise in cyber fraud, identity theft, and cyberstalking, which has led to an alarming increase in cybercrime in the city
The elderly require a digital interface that reflects the changes in the world around them: Tarun Sharma, Yodda Eldercare – 10 May 2023
14,000 senior citizens live alone in Gurgaon: Survey
May 10, 2023
There are 13,355 senior citizens living alone in the city as their children have either settled abroad or are staying in other cities, shows the survey carried out by the police department.
Columbia Pacific to invest Rs 200 cr to launch senior living homes across India
May 10, 2023
Columbia Pacific to invest Rs 200 cr to launch senior living homes across India
Good news for senior citizens; IRDAI to issue guidelines to insurers for standard health insurance product – May 9, 2023
The Irdai will introduce guidelines for insurers to offer standard health insurance products to those aged 60 and above. This move will benefit seniors who are either refused health insurance or have to pay high premiums.
Special care centres for senior citizens to come up in Prayagraj
May 9, 2023
In a first of its kind initiative in the state, a well-equipped ‘care centre’ especially dedicated to senior citizens of the society would be set up in the Sangam city.
This initiative would come under the Prayagraj Smart City Mission.
Why senior citizens must have health insurance
May 7, 2023
By being proactive about their health and obtaining comprehensive health insurance coverage, seniors can protect themselves from the financial burden of medical expenses
Chennai: TVS Emerald, CPC tie-up for ‘senior living’ residential project in Chennai
May 3, 2023
TVS Emerald has partnered with senior citizen living community operator Columbia Pacific Group to develop and operate a senior living residential. Real estate developer Emerald Haven Realty Ltd (TVS Emerald) has partnered with senior citizen living community operator Columbia Pacific Group to develop and operate a senior living residential project in the city, company officials said on Wednesday.
The project would consist of approximately 250 homes built on a 2.7-acre plot in Thaiyur in neighbouring Chengalpet district.
Bhopal: Shravan Line: Helpline that listens to elderly people with compassion
May 3, 2023The elderly helpline isoverseen by the university’s department of f social work and in association with other NGOs and agencies The 650-acre campus for now, services calls from those living within 5-km of the Bilaspur campus. Three days after the project’s launch, 60-elderly were on the registry.
This bank has revised FD interest rates; offers 9.5% fixed deposit rate to senior citizens May 3, 2023
Senior citizens will receive an interest rate of 9.5% on fixed deposits held for durations of 1001 days
Yodda Elder Care partners with Medulance to offer fast emergency medical care to patients – May 2, 2023
Elderly care service provider Yodda has partnered with Medulance, emergency medical response service provider to offer fast and reliable emergency medical care to the clients of Yodda requiring medical support. The collaboration aims to provide well-equipped ambulances by Medulance to ensure prompt and efficient first-point medical attention during transit to the hospital.
Elders at increasing risk of cyber & financial fraud – Here’s why – May 2, 2023
While the impact of cybercrime is being felt by all strata of the society, the elderly are especially at risk of being duped, owing to their lack of awareness about technology and their tendency to trust duplicitous scammers.
As India greys, care economy blooms
May 1, 2023 With the expected growth of India’s older population, employment prospects in the care economy are likely to increase in the future
Nagaland: ‘Placing highest value & respect to elders’
April 30, 2023
Presently, 182 citizens in the age group of 80 years and above are registered with Friends of 80 Plus, an organisation formed by a network and fellowship of like-minded people with the aims of reviving and upholding the Naga traditional practice of placing highest value and respect to elders.
https://morungexpress.com/placing-highest-value-respect-to-elders
Railways earned Rs 2,242 crore more from senior citizens by suspending ticket concession in FY23: RTI reply – May 1, 2023
The Railways earned an additional revenue of around Rs 2,242 crore from senior citizen travellers in 2022-23 by revoking concession offered to them, an RTI response has found.
HelpAge India’s 45 years of Celebration – Mumbai
May 1, 2023
HelpAge India Mumbai office in association with Smt. MMP Shah Women’s College of Arts & Commerce (Autonomous), Department of Sociology, Matunga celebrated HelpAge India’s 45th Anniversary.
https://contentmediasolution.com/business/helpage-indias-45-years-of-celebration-mumbai/amp/
How health care leaders are leveraging technology in a tumultuous economy
April 28, 2023
Making health care accessible and equitable is the goal. Whether it’s developing lifesaving drugs or increasing access to quality care for underserved older adults, today’s health care leaders are looking to technology to make strides in an otherwise unforgiving economy.
https://fortune.com/well/2023/04/28/brainstorm-health-care-leaders-technology/amp/
Terminally ill patients: Lucknow’s KGMU plans palliative care at home, to form teams – April 27. 2023
Terminally ill patients in the state capital will soon be able to avail of expert advice from a team of palliative care experts, as the King George’s Medical University (KGMU) is planning to start home visits by such teams.
India is growing old before it can grow rich
April 26, 2023
The government’s problem has been that despite the high growth rates that are touted regularly and the absolute size of the GDP, the economy has just not grown fast enough to put any substantive money into plans and policies for the elderly
Kannur: Proposals for senior citizens’ welfare to be submitted in Assembly: MLA – April 26, 2023
MLA K.P. Mohanan, Chairman of the Legislative Committee on Welfare of Senior Citizens, said that proposals will be submitted before the Legislative Assembly Committee to ease technical hurdles in getting the rights and benefits of senior citizens.
Vesta Elder Care joins hands with “Healthians”
April 26, 2023
The tie-up aims to serve clients with the best service experience fulfilled through technology with an initial expectation of hitting 1000+ tests a month.
KITES Senior Care to expand geriatric services in South India – April 26, 2023
KITES Senior Care offers “Out of Hospital” care services to seniors, covering post-hospitalisation rehabilitation, palliative and dementia care.
Artha Assisted Living, luxury senior care living in Gurgaon, India, adds Palliative care to its Elderly Care Services
April 21, 2023
Palliative Care at Artha provides comfort, dignity, and quality of life to elderly patients, irrespective of their health stage, ailment, illness, or disease.
Top 20 Services for the Elderly & Disabled Companies in 2023
April 21, 2023
The top 20 services for the elderly and disabled companies in 2023 represent a diverse group of firms that offer a range of services to help individuals maintain their independence, improve their quality of life, and enhance their overall well-being.
These companies provide a variety of services, including home care, medical equipment and supplies, transportation, home modifications, and social and recreational activities.
https://www.inventiva.co.in/trends/services-for-the-elderly-companies-2023/
Delhi Govt to launch mobile app to provide pension information to elderly, differently-abled
25 April 2023
The Delhi government’s Social Welfare department will launch a mobile application that will allow pensioners to receive complete information about their pension from the comfort of their homes.
Kolkata – Bidhannagar cops set up medical cells for elderly at select police stations
25 April 2023
GSK rolls out its Shingles vaccine in India
25 April 2023
The adult vaccine recommended for people aged 50 years and above, provides protection against shingles – a disease associated with debilitating pain and rashes caused by the reactivation of the varicella zoster virus (VZV). VZV is the same virus that causes chickenpox.
Include geriatric care in curriculum, say experts
April 24, 2023
KOCHI: The inclusion of geriatric care in the school curriculum is more important than ever due to the state’s growing share of elderly population, according to experts.
HCAH Buys nightangles to become largest home Healthcare provider – April 21, 2023
The acquisition of Nightingales will make HCAH India’s largest out-of-hospital care provider with a presence in eight top cities and over 3,000 healthcare professional, with an annual turnover of around ₹200 crore.
Care homes for elderly asked to exercise caution as COVID cases rise – April 20, 2023
If one resident falls sick or shows symptoms, every other resident should be tested so as to facilitate early treatment, Health dept. tells care homes. Kerala records 2,484 new cases on April 19.
Kolkata: Realtors see promise in senior living – April 19, 2023
Targeted at elderly couples and individuals who are living alone, the developers are building on the success of a pioneering project done by HIDCO in Rajarhat and coming up with their own ventures in the city
https://www.telegraphindia.com/amp/business/realtors-see-promise-in-senior-living/cid/1930685
Malappuram: A competition that took them back to their salad days – April 19, 2023
The Municipal Town Hall here on Tuesday witnessed a rare competition that could not only bring in a lot of cheer but also transport the participants to their nostalgic days of youthfulness.
Finance
You will live 25-30 years after retiring. Have you done retirement planning? April 19, 2023
Mumbai’s senior living gets a boost with Primus and The Wadhwa Group alliance – April 18, 2023
There is a large need to cater to the ageing population in India who seek independence, quality services and a stress free lifestyle
Finance
Pension scheme in India: A timeline April 18, 2023
Employees under NPS have been pleading with Government to revert back to OPS
https://www.siasat.com/pension-scheme-in-india-a-timeline-2571092/amp/
International conclave on healthy ageing is being held in Cochin from 21st to 23rd April 2023. Organized by Bless Retirement Living, the event is held at the Chitillapilly square, Cochin. For more details on the event and speakers log on to
Why assisted senior living is much needed in India
As India’s aging population grows, assisted senior living is becoming increasingly important for providing necessary services, safety, and support.
https://timesofindia.indiatimes.com/blogs/voices/why-assisted-senior-living-is-much-needed-in-india/
Finance
LIC Housing Finance FD interest rates; now earn up to 7.75%, senior citizens can get 8%
SCSS to POMIS, 7 investment options for regular pension after retirement. Should you invest?
Investing in pension funds can be a good idea for regular returns, especially for those who are planning for their retirement.
Why pension must be our responsibility, not govt’s
There is a choice we must make about our money. We either are in charge of our decisions or we like being taken care of by someone else. Not someone we hire for a fee, but someone we believe is our benefactor.
https://m.timesofindia.com/india/why-the-old-pension-scheme-is-unfair/amp_articleshow/99397455.cms
Does New Tax Regime Make More Sense For Seniors?
The government has added several new benefits and sops to the new tax regime in the Union Budget 2023-24 to make it popular. Here’s what both the regimes entail for seniors.
Here’s How Seniors Should Divide Their Expenses When Living With Children
One can hardly imagine the problems of senior citizens with limited financial means. In India, they are typically dependent on their children, but if you happen to be financially secure, here’s how you should contribute to the expenses while living with your children.
Fraud
Online fraud: Rs. 3.23 lakh siphoned off from senior citizen’s bank accounts
Mysore/Mysuru: Online fraudsters, who had sent a message to a senior citizen to upload Know Your Customer (KYC) form, have illegally withdrawn Rs. 3.23 lakh from the senior citizen’s Bank accounts. The senior citizen, who has been cheated is 83-year-old T.R. Doreswamy, a resident of Kuvempunagar.
Promising to provide US dollars at a cheap rate, the accused persons cheated the senior citizen by handing him a bunch of papers covered with similar size currency notes.
Pune: Men posing as police steal cash from senior citizen
The accused were carrying fake identity cards and checked handbag of the complainant by accusing him of carrying ganja in his bag
Legal
Denying bail to elderly amounts to cruelty: Punjab and Haryana HC
Punjab and Haryana HC Grants relief to 80-year-old Ludhiana man accused in a case of cheating and forgery
Should Seniors Have A Separate Critical Illness Plan? April 13, 2023
Critical illness insurance plans can provide financial protection for seniors against costly medical expenses, allowing them to focus on recovery.
What Should Seniors Keep In Mind When Writing A Will? April 13, 2023
This bank now offers 9% interest on senior citizen FDs; 8.5% rate on general FDs April 13, 2023
Haryana govt plans to give lifetime pension to elderly artists aged over 60
Health boost for senior citizens in Malappuram – April 10, 2023
They are being given special nutrient food kits containing Horlicks, oats, ragi or finger millet, and cornflakes
Funding: Former BharatPe execs’ startup raises seed fund led by Matrix – April 12, 2023
GenWise, a startup founded by former executives of digital payment platform BharatPe, has raised funds in its maiden round, according to three people aware of the development. The Delhi-based startup is an online community for Indian elders and their family members.
https://entrackr.com/2023/04/exclusive-former-bharatpe-execs-startup-raises-seed-fund-led-by-matrix/
A crying need for a Department of Ageing to take care of our elderly –
April 12, 2023
According to the Social Welfare Department (JKM), about 2000 elderly have checked into welfare homes over the past five years. The actual figure is probably much higher. An estimated 71% of EPF contributors do not have enough savings to live above the poverty line.
https://www.thestar.com.my/lifestyle/family/2023/04/12/a-crying-need-for-a-department-of-ageing
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