Page 5 - Senior Citizens

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 ...

Covid may up risk of developing Alzheimer's disease among the older: Study

The findings showed that the risk for developing Alzheimer's disease in older people nearly doubled (0.35 per cent to 0.68 per cent) over a one-year period following infection with Covid-19.

NPS exit form to be treated as proposal to purchase annuity products: Irdai

Regulator eases rule for senior citizens taking annuity products from proceeds of National Pension Scheme

Portugal becomes fastest aging country in European Union, reveals study

Portugal currently registers 182 elderly (aged 65 years and above) for every 100 young people (aged up to 14 years), becoming the fastest aging country in the European Union (EU), according to a study

From SBI to BoB, banks rush to woo depositors ahead of festival season

SBI, Bank of Baroda, Canara Bank lift rates to 6% and above

Ratan Tata invests in senior citizen companionship-as-service startup

Ratan Tata announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service

How to choose a health insurance plan for senior citizens

In an interview with Business Standard's Sanjay Kumar Singh, Dr Bhabatosh Mishra, Director, Underwriting, Products and Claims, Niva Bupa Health Insurance offers tips on policy for senior citizens

Delhi Police to visit homes of senior citizens in SW district every evening

Delhi Police's beat staff will visit homes of the elderly living alone in southwest district every evening and connect them with their children through phone or video calls

70% of senior citizens didn't have healthcare access during Covid: Survey

Around 70 per cent of senior citizens did not have access to proper healthcare facilities during the COVID-19 pandemic while over 57 per cent faced mental health issues, according to a survey by Max group firm Antara. Launched in 2013, Antara is a wholly-owned subsidiary of Max India Limited, one of the three listed entities of the Max Group. It is an integrated service provider for all senior care needs, operating two main lines of businesses residences for seniors and assisted care services. The sample size of the survey was over 2,100 senior citizens aged 60 and above, Antara said in a statement on Saturday. The survey was conducted across urban India, with a focus on the North (Delhi-NCR & Jaipur), the West (Mumbai & Pune), and the South (Bengaluru & Hyderabad). The research was conducted in collaboration with Aeon Insights Market Research, over a period of two-and-a-half months from March to May end. "During COVID, 70% seniors didn't have access to proper healthcare .

Make the most of higher tax deductions to senior citizens, say experts

Those over 60 need not file ITR if any tax has been deducted under Section 194P

Senior citizens are frequent targets of cyber fraud, says Tsaaro's survey

29% think existing laws surrounding privacy are enough to enable elders to protect their privacy online

No plans of restoring rail concessions for senior citizens: Vaishnaw

He also said that the ministry has no plans of restoring the concessions at present

Canara Bank hikes fixed deposit rates by up to 25 basis points

The revised rates are effective from March 1, 2022, Canara Bank said in a statement

Huge rush for Small Savings Schemes in FY22 amid falling bank FD rates

Take into account tax benefit and payout frequency as well when selecting a scheme

Senior citizens should buy health plans with lifelong renewability option

Buy a plan with a short waiting period for pre-existing diseases and low co-pay

India opens vaccination for children, booster shots for frontline workers

Citizens above the age of 60 years with comorbidites will be given shots from Jan 10, after consultation with the doctors