Page 2 - Senior Citizens

Railways gained ₹8,913 cr in 5 years after ending seniors' concession: RTI

The Indian Railways has earned an additional revenue of approximately Rs 8,913 crore in five years by withdrawing concessions for senior citizens, according to replies from the Centre for Railway Information Systems on a Right to Information Act applications. CRIS functions under the Railway Ministry and develops as well as maintains ticketing and passengers data besides offering various other services. The question of restoring concessions on train tickets for senior citizens was raised in the parliament by members on several occasions, however, Railway Minister Ashwini Vaishnaw has said that the Railways already pays 46 per cent concession on an average to every passenger. Males and transgenders over the age of 60 and females over the age of 58 used to avail 40 per cent and 50 per cent discounts respectively on train tickets for all classes before March 20, 2020, when the Railway Ministry withdrew it due to the onset of the Covid pandemic. The data of passengers as well as revenu

PioneerUrban Land and Infra to invest Rs 300 cr in senior citizens' project

Realty firm PioneerUrban Land and Infrastructure Ltd will invest Rs 300 crore to develop a luxury housing project for senior citizens in Gurugram. Project Advait is a joint venture with JK Organisation's real estate arm JK Urbanscapes Developers Ltd. The company has received a license under the State's Retirement Policy. The project, spread across 2.6 acres and comprising 164 units, will be developed with an investment of Rs 300 crore. Each apartment is equipped with a centralised air filtration system (TFA unit). Its medical services will be provided by Fortis Hospital, Gurugram, within the project premises. Commenting on the development, Manish Periwal, Chairman and Managing Director, PioneerUrban, said the company has expanded its presence in the senior living space with the launch of this project. "Our investment reaffirms our commitment towards creating exceptional luxurious living spaces. With a strong focus on sustainability, cutting-edge architecture, and resident-centri

Delhi govt increases monthly aid for senior citizens

Delhi government has announced an increase in the monthly financial assistance for senior citizens, raising the amount from Rs 2,000 to Rs 2,500 for those aged 60 to 69, while those aged above 70 will receive Rs 3,000 per month. Presenting the Budget, Chief Minister Rekha Gupta said the government is committed to strengthening financial support schemes for senior citizens. "The monthly assistance for senior citizens aged 60 to 69 is being increased to Rs 2,500, and those aged above 70 will now receive Rs 3,000 per month," she said. Additionally, senior citizens from Scheduled Caste (SC), Scheduled Tribe (ST), and minority communities in the 60 to 69 age group will receive an extra Rs 500 per month. A total of Rs 3,227 crore has been allocated for these schemes, the chief minister said. The government has also earmarked Rs 20 crore under the 'Grant In Aid (GIA) to Recreation Centres for Senior Citizens' scheme to provide spaces for relaxation and social activities, she added.

Senior citizens can cancel gift deed if children fail to take care: HC

Senior Citizens can cancel the gift or settle deeds executed in favour of their children or close relatives if they failed to take care of them, even if it was not explicitly mentioned in the conditions imposed in the deeds, the Madras High Court has ruled. A division bench comprising Justices S M Subramaniam and K Rajasekar dismissed an appeal filed by S Mala, daughter-in-law of deceased S Nagalakshmi. Originally, Nagalakshmi executed a settlement deed in favour of her son Kesavan with a fond hope that he and her daughter-in-law will take care of her till her lifetime. But he failed to take care of her. Her daughter-in-law also neglected her after her son died. Therefore, she approached the RDO, Nagapattinam. After recording her statement that she executed the deed out of love and affection and for the future of her son, and after considering the statements of Mala, the RDO cancelled the settlement deed. Challenging this, Mala filed a petition and it was dismissed. Hence, she filed

Ayush ministry, social justice dept sign MoU for senior citizens' welfare

The Ministry of Ayush and the Department of Social Justice and Empowerment signed MoU on Wednesday to improve the well-being of senior citizens and address the growing concern of substance abuse. This strategic partnership seeks to implement Ayush-based interventions to promote geriatric healthcare and combat substance abuse, Union Ayush Minister Prataprao Jadhav said. He said the Memorandum of Understanding (MoU) is a pioneering step to develop cooperative initiatives for health promotion among senior citizens and those affected by substance abuse. "Geriatric healthcare and substance abuse are critical areas that require special focus, especially as we face an ageing population and growing concerns around addiction," Jadhav said. This collaboration between the Ministry of Ayush and the Department of Social Justice and Empowerment (DoSJE) represents a significant step towards addressing these challenges. "By leveraging the holistic approach of Ayush systems alongside social welfar

Health insurance for elderly; luxury gifts: Top personal finance stories

Our newsletter this week has stories on why health premiums for senior citizens are rising and how couples are celebrating Valentine's Day

Health insurance for senior citizens is expensive: Here's what they must do

Those who find premiums unaffordable should go for a plan with deductibles

How will Budget 2025 impact senior citizens?

Budget 2025 introduces tax relief measures for senior citizens, enhancing savings potential

Senior citizens expect tax relief and higher returns in Budget 2025

Speculation is rife that the government may raise exemption limit significantly, with some experts suggesting a new threshold of Rs 10 lakh to alleviate the tax burden on senior citizens

InvAscent invests Rs 110 cr in integrated geriatric care provider Geri Care

Geri Care intends to utilise the funds to expand its services across key cities in southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore

60 mn citizens aged 70 and above included under Ayushman Bharat: Nadda

Ayushman Bharat' has brought 6 crore citizens aged 70 and above under it, and the Centre's flagship health insurance programme now covers over 45 per cent of India's population, Union Health Minister JP Nadda said here Saturday. The Union Cabinet in October last year approved health coverage to all citizens aged 70 years and above irrespective of income under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana' (AB PM-JAY). Under Modi 3.0, we have added 6 crore people above 70 under Ayushman Bharat. Now, more than 62 crore people, or over 45 per cent of India's population, are covered, not in health insurance but under a health assurance' scheme with an annual coverage of Rs 5 lakh, he said. Speaking at the 'IIMA Healthcare Summit 2025' organised at the Indian Institute of Management Ahmedabad, he called the scheme a game changer and said it has benefited more than 4.2 crore citizens. These are poor people rickshaw pullers, street vendors, bus drivers, conductors, lift men, secur

State Bank of India unveils two new schemes to boost deposit mobilisation

The first is 'Har Ghar Lakhpati,' a pre-calculated recurring deposit (RD) scheme designed to help customers accumulate Rs 1,00,000

Antarctica, North Pole: India's senior citizens take to extreme travels

For KareVoyage, a travel platform that caters to the needs of travellers over 50, senior citizen travel is growing 17 per cent year-on-year

Silver lining: Hotels providing customised deals to senior citizens

From specialised senior-friendly tours to redesigned hotel amenities, the industry is becoming increasingly attuned to the unique requirements of elderly travellers

Silver lining: How senior living market is redefining retirement in India

The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind

Ahead of Delhi polls, Kejriwal announces free treatment for senior citizens

Ahead of the 2025 Delhi elections, Arvind Kejriwal announces free treatment for those aged 60 years and above under the Sanjeevani Yojana if AAP retains power

2.5 mn senior citizens above 70 years enrol for Ayushman Card Scheme

The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana provides free medical treatment of up to Rs 5 lakh

Senior housing boom: South Indian cities drive 60% of market growth

South India is emerging as the hub for living projects for the older population, accounting for 60 per cent of total market share, north Indian cities comprise just 20 per cent, the west holds 16 per

Senior living homes, air purifiers, stocks: Top personal finance stories

This week we report about why you must invest in a senior living home and how premium air purifiers help at home

Best fixed deposit schemes for senior citizens explained in one table

Terms and conditions of more than a dozen lenders put together for your convenience