Daily Latest News
Pension is the most critical financial support for senior citizens. After serving the country or state for a long time, every retired employee receives a fixed amount each month to help with their living expenses. Nowadays, not only government employees but also individuals working in private companies rely on their pensions after retirement. The pension…
An Indian-origin man has been sentenced to over six years in prison for his involvement in a nearly $2 million scheme to defraud senior citizens by using call centres abroad. Giving him the 75-month sentence on Wednesday, Federal Judge William Jung also ordered Pranav Patel to forfeit $1.79 million that was collected from seniors in…
SBI New Scheme For Senior Citizens: The State Bank of India (SBI) has announced two new deposit schemes, ‘Har Ghar Lakhpati’ and ‘SBI Patrons’, to provide greater financial flexibility and better value to its customers. SBI has a market share of about 23 per cent in deposits. With these offerings, the bank said it is…
The elderly population currently stands at about 104 million in India which is projected to rise to 319 million by 2050, calling for a unified action to address healthcare challenges, experts said on Friday. Healthy ageing is about fostering physical, mental, and social well-being in order to enable people to live long, healthy, and fulfilling…
Additional Pension After 80 Years: The Department of Pension and Pensioners’ Welfare (DoPPW), part of the Ministry of Personnel, Public Grievances, and Pensions, has issued a recent notification granting central government pensioners aged 80 and above access to an additional pension benefit, commonly known as a compassionate allowance. The DoPPW has also provided updated guidelines…
GST On Health Insurance Premium: The Group of Ministers (GoM) is expected to recommend exempting goods and services tax (GST) on term life insurance premiums and health insurance premiums paid by senior citizens. However, the Official’s premiums paid for health insurance coverage of above Rs 5 lakh will continue to attract 18 per cent GST….