The government aims to cover around 60 million people in the age category, irrespective of income, with an assured 5 lakh annually to be shared within the family.
The Budget has increased the limit of deduction for medical expenditure in respect of certain critical illness
According to a parliamentary response by the Union health ministry in 2023, around 654,000 families in Delhi are eligible to enrol under the scheme.
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
Keep a close eye on credit quality, financials of NBFCs before investing. These instruments should not constitute more than 15 to 20 per cent of your debt portfolio.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
Thanks to Budget 2018, seniors can invest more and also save more.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
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