Daljeet Mongia and his wife sold their house and moved to a senior citizens' home as advancing age had made it difficult to live alone. Here's a financial plan for them.
The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.
'Young investors should focus more on equity, while retired senior citizens should prioritise fixed income.' 'Mid-career investors should aim for a balanced allocation.'
Giving a new fillip to its relations with Pakistan, India has started visa on arrival facility for senior citizens of that country.
Be it poor, middle class, upper middle class or rich, every individual who is 70 years and above is eligible for getting Ayushman card and will receive free treatment up to Rs 5 lakh at any of the AB PMJAY empanelled hospitals once the expanded scheme gets launched.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
In the run-up to the assembly elections in Delhi, AAP supremo Arvind Kejriwal announced an Ambedkar scholarship for free foreign education of the city's Dalit students. The scholarship is a response to the BJP's "insult" of Ambedkar, Kejriwal said. Union Home Minister Amit Shah "insulted and made fun of Babasaheb Dr Ambedkar in Parliament. Crores of people who love Ambedkar were deeply pained," the former Delhi chief minister said. Kejriwal added that the scholarship is a response to the insult meted out by the BJP to the chief architect of the Indian Constitution. Under the scheme, any Dalit student from Delhi will be able to receive education in foreign universities. If they get admission in any such university, the Delhi government will bear the entire cost of their education, travel and accommodation. Children of government employees will also be eligible for the scheme.
Term life insurance policies, and senior citizens' health insurance premium are likely to be exempted from GST as most members of a state ministerial panel favoured cutting taxes to benefit the common man, an official said on Saturday. The GoM to decide on GST on health and life insurance premiums in its meeting on Saturday decided to exempt GST on premiums paid by individuals, other than senior citizens, for health insurance with coverage of up to Rs 5 lakh. However, 18 per cent GST will continue to be levied for health insurance cover of over Rs 5 lakh.
In a shocking incident, former India cricketer Ambati Rayadu was involved in a scuffle wherein he abused and slapped a senior citizen, who reportedly objected to his rash driving in Hyderabad.
As per existing provisions, senior citizens aged 60 years and above are eligible for concession in the basic fares of Mail and Express trains, and all inclusive fares of Rajdhani, Shatabdi and Jan Shatabdi trains.
The Supreme Court of India directed the government to establish a legal framework to protect domestic workers and address their exploitation.
Industry experts believe that health insurance companies are unlikely to experience business cannibalisation due to the central government's decision to extend health coverage to people aged 70 and above, regardless of their income level, under the Ayushman Bharat scheme. On Wednesday, the Union Cabinet expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to include all senior citizens aged 70 and older. This move is expected to benefit nearly 45 million families, comprising 60 million senior citizens, by providing Rs 5 lakh in free health insurance coverage per family.
In a huge relief for senior citizens, the entry age for health insurance has been extended to 65 years. But, will it come at a cost?
Instead of hitting the snooze button and snuggling under your blankets, take charge of your health and exercise indoors, advises Dr Manjusha Agarwal.
Many chairmen & MDs continue to hold reins well into their 80s.
The dramatic moves of Donald Trump, which have shaken up the global order, dominated the discussion. A sense of bewilderment prevailed, but there was also expectation that President Trump would settle down to a more traditional style of governance after a time of shock and awe, observes Ambassador T P Sreenivasan, an attendee at literary festivals in Calicut, Jaipur, Kochi, Sharjah and Thiruvanathapuram.
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.
The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.
The Election Commission of India has announced that the Delhi Assembly elections will be held on February 5, 2023, with the counting of votes scheduled for February 8. The last date to file nominations is January 17, and the scrutiny of nominations will be done by January 18. Candidates can withdraw their nominations until January 20.
With such announcements grabbing the voters' attention, critical issues like pollution, especially the smog that chokes Delhi every winter, remain largely unaddressed. Many residents have raised concerns over the lack of concrete action plans to combat air pollution, which continues to pose a severe health risk to Delhiites.
rediffGURUS Dr Chandrakant Lahariya, Komal Jethmalani, Dr Karthiyayini Mahadevan and Pushpa R will answer your diabetes-related questions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ahead of the Delhi assembly polls scheduled to be held early next year, state Congress chief Devender Yadav said on Friday that the party will contest on all 70 seats and there would be no alliance.
Bringing down the Income Tax slab is a boon for them, but anomalies regarding health insurance benefits remain.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
Extend your scheme by three years, especially if you have not crossed the limit of Rs 15 lakh.
'Till the BJP does not understand Kejriwal they cannot win Delhi.'
Arun Jaitley presented the Union Budget in Parliament on Saturday.
The life insurance industry does not have a good track record when it comes to passing on tax benefits to policyholders, points out Harsh Roongta.
The Punjab Police chief, Gaurav Yadav, and a senior officer from the Ministry of Home Affairs, Mayank Mishra, visited fasting farmer leader Jagjit Singh Dallewal at the Khanauri border point between Punjab and Haryana. They enquired about his health and heard his demands. Dallewal has been on a fast-unto-death since November 26 to press the Centre to accept the agitating farmers' demands, including a legal guarantee of MSP on crops. The visit came after the Supreme Court directed the Centre and Punjab government representatives to meet Dallewal and provide him medical help.
Delhi Lieutenant Governor VK Saxena expressed concern over AAP supremo Arvind Kejriwal labelling Atishi a "temporary chief minister" and called it a "flagrant disregard for the democratic spirit and values enshrined in the Constitution". In his letter to Atishi, Saxena said Kejriwal's remark was an insult to President Droupadi Murmu, who appointed her, as well as himself as her representative. Hitting back, Atishi alleged the lieutenant governor's office was working as a BJP "proxy" and asserted that Kejriwal was Delhi's "tallest leader".
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
Mumbai, home to 1 crore voters and 420 candidates vying for 36 assembly seats, is gearing up for the Maharashtra Assembly elections on November 20. The Brihanmumbai Municipal Corporation (BMC) has completed all preparations for smooth conduct of the polls, ensuring a robust security arrangement and dedicated facilities for senior citizens and differently-abled voters. The BMC has also urged citizens to exercise their franchise, emphasizing the importance of active participation in strengthening democracy.
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