Page 4 - Senior Citizens

Senior citizen saving scheme vs bank FD: What is the right strategy for you

senior citizens with an investment horizon of 5 years, who are seeking regular income at quarterly intervals and/or wishing to save tax under Section 80C would find SCSS more attractive than bank FDs

Senior citizens scheme sees investment of over Rs 10,000 crore in April

The interest rate for SCSS was increased to 8.2% from 8%, and that of the monthly income scheme was increased to 7.4% from 7.1%

SC rejects plea to restore railway fare concessions for senior citizens

The Supreme Court on Friday dismissed a petition seeking restoration of the concessions in train fare that was offered to senior citizens by the railways before the Covid outbreak, saying since it's a matter of state policy it will not be appropriate for the court to issue a direction to the government. A bench of Justices SK Kaul and Ahsanuddin Amanullah was hearing a plea filed by MK Balakrishnan for restoration of the concessions that was discontinued in order to stem the spread of the disease. "It would not be appropriate for this court to issue a writ of mandamus in a petition under Article 32 of the Constitution. It is for the government to take a call on the issue keeping in mind the needs of the senior citizens and the fiscal repercussions. Dismissed," the bench said, rejecting the petitioner's contention that the state has an obligation to grant concessions to the elderly. The Centre had in 2020 discontinued the concessions granted to senior citizens to discourage the ...

Benefits of technology should be made available to senior citizens: HC

The Bombay High Court has said that the Brihanmumbai Municipal Corporation (BMC) should ensure that benefits of modern technology are made available to the public, especially senior citizens, to make commuting in the city "easier and more comfortable". A division bench of Justices G S Kulkarni and R N Laddha was hearing a public interest litigation (PIL) about the non-availability of a foot-over-bridge (FOB) connecting Bandra (East) railway station with the Maharashtra Housing and Area Development Authority (MHADA) office-end. Disposing of the PIL on Monday, the court said the BMC should consider whether a part of the sky-walk can be a mechanized walkway so that it becomes useful to senior citizens and persons with disabilities. "The Central and Western Railways as also the Metro Rail have provided such mechanisms at several railway stations including escalators," the court said. Benefits of modern technology should be made available to commuters to make their commuting life in ..

Current Covid variants mild, senior citizens can take booster dose: SII CEO

He further stated that Covovax is also being provided in the United States of America and Europe

Age just a number: Central Kashmir hosts sports event for senior citizens

Hundreds of senior citizens -- both men and women -- participated in events including Kabaddi, Tug of War, Chess, Carrom, Skipping Rope, and Hopscotch with full enthusiasm and energy

Restore fare concessions offered to senior citizens in railways: Kejriwal

Delhi Chief Minister Arvind Kejriwal has urged Prime Minister Narendra Modi to restore the fare concessions offered to senior citizens by the railways. In a letter to the prime minister on Saturday last, he said the Centre has a budget of Rs 45 lakh crore and it would incur a cost of Rs 1600 crore if it extends the concession to senior citizens. Terming the amount as a drop in the ocean, he said the government will not become rich by not spending the amount. By stopping the facility a message was being given to senior citizens that the government did not care for them which was against the culture of the country, he said, adding that no person, society or country can progress without the blessings of the elderly. Delhi was seeing progress in all areas due to the blessings of the elderly for whom free pilgrimage of religious places has been arranged by his government, he said. The Centre had in 2020 discontinued the concessions granted to senior citizens to discourage the movement

Top headlines: GST council meet, non-BFSI Q3 profit shrinks, and more

Business Standard brings you the top headlines at this hour

Centre aims to mop up Rs 75,000 cr from senior citizen savings scheme

Not to overshoot FY24 net borrowing target of Rs 11.8 trillion

Retired couples can earn Rs 8,00,000 from select govt investment schemes

Equities, debt MFs and annuities should also be part of portfolio

Senior citizens to also have flight travel option for pilgrimage: Chouhan

Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said senior citizens of the state will also have the option to travel by flights on pilgrimage from next month as part of a government scheme. He was speaking in Bhind on Sunday to mark the birth anniversary of Sant Ravidas and to launch the Chambal division 'vikas yatra'. "The birthplace of Sant Ravidas will also be included in this government pilgrimage scheme, known as Mukhyamantri Tirth-Darshan Yojana. We will also take senior citizens by flights for pilgrimage," Chouhan said. Under the 'Mukhyamantri Tirth Darshan Yojana', eligible senior citizens above 60 years of age can visit any of the listed pilgrimage places on government expenses. While addressing the gathering, Chouhan also said that Bhind, which has a municipal council at present, will be upgraded as a municipal corporation, and the city would also get a medical college. The 'vikas yatra' will go to all wards and villages in the state and provide benefits of ...

MP govt to take senior citizens by air under pilgrimage scheme: CM Chouhan

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Sunday said senior citizens of the state will be sent for pilgrimage onboard flights as part of a government scheme from March. He was speaking in Bhind to mark the birth anniversary of Sant Ravidas and to launch the Chambal division 'vikas yatra'. "The birthplace of Sant Ravidas will also be included in this government pilgrimage scheme, known as Mukhyamantri Tirth-Darshan Yojana. We will also take senior citizens by flights for pilgrimage," he said. Under the 'Mukhyamantri Tirth Darshan Yojana', eligible senior citizens above 60 years of age can visit any of the listed pilgrimage places on government expenses. While addressing the gathering, Chouhan also said Bhind, which has a municipal council at present, will be upgraded to have a municipal corporation, and the city would also get a medical college. The 'vikas yatra' will go to all wards and provide benefits of government schemes to eligible people, while inauguration and

'Vote-from-home' for senior citizens, people with disability: Tripura CEC

The Chief Electoral Officer (CEO) of Tripura asserted on Wednesday that senior citizens and persons with disabilities would have the option to vote from home

Taxes, incentives, reforms: How to read this year's Budget document

What taxpayers, senior citizens and investors should look out for in the Finance Minister's speech

Will rail ticket discount for senior citizens be restored soon? Check here

Before the Covid-19 pandemic, Indian Railways used to offer 40 per cent concession to males aged 60 or above and 50 per cent to females if they were at least 58-years-old

Vaishnaw says Railways' expenses high, hints at no senior citizen allowance

Railways Minister Ashwini Vaishnaw on Wednesday hinted that the concessions given to the senior citizens in the railways may not be restored as of now as he said that Rs 59,000 crore subsidy for the passenger services were given last year and pension and salary bills of the public transporter are very high. Vaishnaw was responding to a question by independent MP from Maharashtra Navneet Rana in Lok Sabha on when the concessions given to the senior citizens in train travel will be restored. It has been suspended since the beginning of the COVID-19 pandemic. The minister said the railways had given Rs 59,000 crore subsidy for passenger services, which is a big amount and larger than the annual budget of some states. He said the annual pension bill of the railways is Rs 60,000 crore, the salary bill is Rs 97,000 crore while Rs 40,000 crore is being spent on fuel. We have given Rs 59,000 passenger subsidy last year, new facilities are coming. If new decisions are to be taken, we will

General Insurance company ICICI Lombard launches new range of products

Offers for senior citizens without an age cap

Senior citizens must exercise caution due to new Covid variants: Guleria

Scientists, physicians, and senior administrators suggested to ramp up surveillance and genome sequencing

India's Alzheimer's burden is growing, but treatment still out of reach

Doctors say there is no national-level policy programme for Alzheimer's and the bulk of the family expenditure on health is on people in their productive ages

Air India halves discount on basic fares for senior citizens, students

Tata Group-owned full-service carrier Air India has reduced by half the discount offered on basic fares to senior citizens and students in the economy class on its flights, according to its website. The revised discount on basic fares is effective from September 29. Tata Group took control of the loss-making Air India from the government on January 27, this year. "... (under senior citizen and student concession) for tickets issued on/after 29th September 2022, 25 per cent (discount) of basic fare will be applicable on select booking classes in economy cabin," as per the website. Air India earlier was offering 50 per cent discount on select booking classes in economy cabins of its aircraft to these two categories of travellers, according to the website. Separately, in a circular dated September 28, the airline said "it has been decided to revise the concessionary fares with effect from 29th September 2022. The changes are applicable for tickets issued on/after 29th September ...