National Senior Care News
Senior Citizens Act Cannot Be Used As Machinery For Settling Property Disputes Between Heirs Of Senior Citizens: Bombay High Court
The Bombay High Court recently observed that the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 cannot be used as a machinery for settling property disputes between the heirs of senior citizens.
Seniors seek sanctuary in mutual funds and post offices
Shift in investment due to shattered confidence in cooperative societies
https://www.lokmattimes.com/aurangabad/seniors-seek-sanctuary-in-mutual-funds-and-post-offices/amp/
Anantharam Varayur, co-founder, Manasum Senior Living narrates challenges and opportunities presented by India’s ageing population
How to maximize tax benefits for senior citizens in India
By capitalizing on the tax benefits mentioned in this article, senior citizens can optimize their tax planning strategies and maximize savings, thereby ensuring a financially secure and fulfilling retirement journey.
SBI WeCare FD with 7.5% interest rate: What is the last date to invest in this senior citizen special FD with higher rate?
SBI Wecare special FD was launched with the aim of protecting senior citizens’ income by offering additional interest. The scheme is available on fresh deposits and renewal of maturing deposits.
A new era in senior wellbeing
Opinion piece by CEO, Kites Senior Care
How to maximize tax benefits for senior citizens in India
By capitalizing on the tax benefits mentioned in this article, senior citizens can optimize their tax planning strategies and maximize savings, thereby ensuring a financially secure and fulfilling retirement journey.
SBI WeCare FD with 7.5% interest rate: What is the last date to invest in this senior citizen special FD with higher rate?
SBI Wecare special FD was launched with the aim of protecting senior citizens’ income by offering additional interest. The scheme is available on fresh deposits and renewal of maturing deposits.
Not Alone, Not Lonely! 1st Free Palliative Home To Get More Beds
Sukoon Nilaya in Mumbai expands palliative care services, emphasizing caregiver support, social connections, and wraparound care for patients with chronic illnesses. The center’s tranquil setting fosters healing and community support, symbolized by an injured butterfly seeking respite.
Geriatric patient inflow rises at the National Centre of Ageing
At the National Centre of Ageing, Guindy, there has been a 100% increase in the number of daily outpatients in over a month since it was opened.
Hobbies senior citizens can pursue to boost health and well-being
Old Age Homes For Transgenders To Come Up In 18 Divisions Of UP
LUCKNOW: The construction of old age homes for transgenders, named Garima Grahs, will begin from the coming financial year under a central policy.
5 eye care tips for the elderly
https://indianexpress.com/web-stories/wellness/five-eye-care-tips-for-the-elderly/9243539/
Older Indian Women Happier Than The Men, New Report Says
Happiness linked to old age in India and elsewhere, India ranks 126 of 143 countries.
How to vote from home in TN for persons with disabilities, super senior citizens
Booth-level officials have been going to houses of such persons and getting Form 12D filled with details from their voter ID cards.
Aged care workers have won a huge pay rise. What about the cleaners, cooks and admin staff who support them?
This month, the Fair Work Commission handed Australia’s aged care workforce an historic pay rise, with some groups’ wages set to increase by more than 28%.
Review: As Share of Elderly Population Increases, NITI Aayog Calls for Comprehensive Reforms
The seniors accounted for slightly over 5% of the Indian population in the 1961 Census, while estimates indicate that by 2031, this proportion would be 13% and thus signalling a major shift in demography. NITI Aayog recently released a report looking at this demographic shift and made important recommendations.
Kanpur:Day Care Centre Built For Senior Citizens Inaugurated
The centre, located inside Tulsi Upvan, has been developed by KMC at a cost of Rs 80 lakh. The centre at one go can accommodate 30 people, has facilities including a cafeteria, library, yoga class, multipurpose hall etc.
Q&A: How Old Is Too Old For Elective Surgeries?
Has it become easier for seniors to elect surgeries? Dr Rajeev K Sharma explains
Demystifying Senior Citizen Schemes in India: A Guide to Benefits and Eligibility
Recognizing the contributions of senior citisens and ensuring their well-being, the government implements various schemes. This article aims to shed light on these schemes, specifically focusing on benefits and eligibility criteria.
The Maintenance And Welfare Of Parents And Senior Citizens Act 2007: A Sword That Needs Sharpening?
to protect the rights and well beings of senior citizens a particular statue was enacted “The Maintenance and Welfare of Parents and Senior Citizens Act”, it consists of 7 chapters and 32 sections.
KITES Senior Care raises ₹45 crore in Series A funding from Ranjan Pai to expand operations
KITES Senior Care, has announced the successful closure of a Series A funding round, securing Rs 45 crore from Ranjan Pai’s family office. The total plan outlay for KITES Senior Care’s expansion and growth strategy amounts to Rs 65 crore, with additional funding sourced from various other channels.
State Prioritises Healthcare Facilities For Elderly People
Forty-nine district hospitals have opened geriatric wards for patients requiring specialised care over the past three months.
Ananya’s Nana Nani: A Decade Of Excellence In Senior Living
Ananya’s Nana Nani has emerged as the epitome of excellence in senior living, reshaping the landscape of retirement communities in Coimbatore and beyond.
Breaking The ‘Age-Cage’: How Senior Living Homes Promoting All-Round Care And Comfort
Senior living homes are evolving with the needs of seniors and providing a more extensive care and comfort solutions for their residents.
Home voting facility for elderly and disabled
The administration has opened a home-voting option for the elderly and other disadvantaged sections based on the Election Commission of India’s decision to extend the facility to categories of absentee voters in the Lok Sabha election on April 19.
Kites Raises ₹65 Crore Led By Ranjan Pai
Senior care platform Kites Senior Care has raised Rs 65 crore led by Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund. Pai, who was an angel investor in Kites, has pumped in Rs 45 crore in this round for a significant minority stake.
FD interest rate up to 9.25%: These 3 banks have revised fixed deposit rates in March 2024
Max India’s subsidiary partners with IIT Delhi for senior citizen care
Max India’s wholly owned subsidiary, Antara Assisted Care Services Limited, an integrated service provider for senior care needs, entered into a MoU with IIT Delhi. This partnership aims to develop offerings tailored specifically for the senior demographic.
Elderly care startup Kites Senior Care raises Rs 45 crore in funding from Ranjan Pai
The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said.
Dementia in Elderly Women: An Issue That Goes Unnoticed
The cases of Dementia are growing every year and is expected to affect almost 130 million global population by 2050.
Homecoming: Why NRIs are choosing India as their retirement destination
In recent years, there’s been a notable trend of Non-Resident Indians (NRIs) choosing India as their retirement spot, often called ‘homecoming.’ This article explores why India is becoming a favored destination for NRI retirees.
SBI WeCare special FD for senior citizens with higher interest rate deadline: What is the FD rate?
Narrative is changing about senior care industry: Tara Singh Vachani
Executive chairperson of Antara Senior Care says ‘service delivery’ has to be the cornerstone of senior care industry
How Tech Start-ups For Senior Citizens Are Changing The World Of The Elderly In India
Quite a few have comprehended the void in the senior care area, especially knowing that nearly 25 percent of the elderly population stays in India
Athulya Senior Care Forges Strategic Partnership with Sri Ramachandra Institute of Higher Education and Research for Advancing Senior Care
https://nba24x7.com/archives/amp/6067
MJ Infrastructure and Vedaanta Senior Living Unveil Vedaanta Anugraham: A Haven for Active Retro Living
Advertorial
Vedaanta Anugraham has been designed as an integrated community ensuring the emotional, spiritual & physical well being of all residents
Top countries for senior citizens travel
Concerned over meagre pension to retired district judicial officers, SC asks Centre to find solution
Observing that there is a need to maintain uniformity in service conditions of judicial officers across the country, the top court had earlier directed the setting up of a two-judge committee in each high court.
Collection in Senior Citizen Saving Scheme surged over two times, MIS saw 4 time rise
Collection through Senior Citizen Saving Scheme (SCSS) has surged to over two times during the current fiscal. At the same time, mobilisation through Monthly Income Scheme has gone up by 4 times.
Strict action against people torturing aged physically and mentally, says CM Pinarayi Vijayan
The state government is committed to the welfare and care of senior citizens and strict action will be taken in cases involving cruelty to them, Chief Minister Pinarayi Vijayan has said.
Ashiana Housing to invest Rs 400 crore to develop senior living project in Chennai
Spanning across 17.9 acres land, the project is located inside Mahindra World City. The land for the project is held under perpetual lease.
High Fixed Deposit Rates For Senior Citizens: List Of 6 Small Banks Offering 9% Or Above FD Interest Rates
Bengalurean senior citizen ultra runner tells his story https://www.deccanherald.com/india/karnataka/bengaluru/bengalurean-senior-citizen-ultra-runner-tells-his-story-2913052
Elder care startup Samarth Life raises new round led by Aroa Venture
Elder care startup Samarth Life has raised Rs 12 crore (approximately $1.45 million) in a funding round led by Aroa Venture Partners. Social Alpha and Zhooben Bhiwandiwala of Mahindra Partners also participated in the round.
https://entrackr.com/2024/02/elder-care-startup-samarth-life-raises-new-round-led-by-aroa-venture/
Two-day national conference on ‘Elderly issues’ from February 22 in Visakhapatnam
National Institute of Social Defence, under the aegis of the Ministry of Social Justice and Empowerment, to hold the seminar to discuss challenges faced by elderly persons and to explore effective strategies to tackle these challenges.
Niti Backs Tax Reforms On Senior Care Products
Encouraging the private sector to design targeted and comprehensive geriatric health insurance products and increasing liquidity and capital allocation to the senior care industry will help in addressing needs of the affording segment
Caring for the elderly
In India too, an ageing population, coupled with a decreasing fertility rate and increased life expectancy, is set to offset the country’s demographic dividend in the years to come.
https://www.business-standard.com/opinion/editorial/caring-for-the-elderly-124022001199_1.html
NITI Aayog calls for financial and legal reforms for elderly care in India
The move is aimed at ensuring that a basic support system is put in place to cater to the needs of India’s ageing population which is expected to go up from 10% now to 19.5% by 2050.
Tax, savings for senior citizens: NITI Aayog pitches for tax reforms, plans for elderly
The key strategies proposed include implementing a reverse mortgage mechanism aimed at enhancing financial liquidity for seniors.
Kozhikode on road to being totally elderly-friendly city
Kozhikode already has a number of day care homes for the elderly (‘Pakalveedu’ ) spread across the city, four of which are directly managed by the Kozhikode Corporation.
PFRDA brings pension funds under PMLA net
The latest PFRDA move to amend the pension fund regulations comes in the wake of Finance and Corporate Affairs Minister in her last year’s Budget speech directing regulators to review their regulations from the perspective of easing compliance burden.
Pension Payment Order: What is PPO number? How to find PPO for receiving pension in bank account
Securing Your Future: Pension Plans in a Stable Economy
Unlocking retirement prosperity: How NPS remains cutting-edge
The NPS ensures a comfortable retirement by combining market-linked returns with disciplined savings and power of compounding.
Can Senior Citizens Maintain An Overseas Bank Account? Charges And Taxes
It is important to know the various charges apart from the eligibility criteria before you open an overseas bank account.
Kids, Senior Citizens In Pneumonia Firing Line
Kolkata: Doctors across city hospitals are seeing a surge in pneumococcal pneumonia. The numbers apart, what is concerning is the severity and unusual features of the bacterial infection.
Many senior citizen associations have been forced to shut, says Ashok Prabhakar
President of a Senior Citizen Welfare body
A monthly grant of Rs 20,000, initiated by the Sheila Dixit government and continued under the present government, has been discontinued for the last three years.
Safe Investment Options That Can Help Your Parents Save Tax If They Are Senior Citizens
some of us might be having senior citizen parents who still fall into the taxable income slabs, and that is why require tax saving.
Kerala Senior Citizens Bill: Jail term up to 3 years & Rs 1 lakh fine for abandoning parents
The bill was prepared by the Kerala Law Reforms Commission and subsequently cleared by the Law Department.
Tax-saving investments for senior citizens: Here are 4 ways to maximise your tax savings
Historical Places In Kerala Perfect For Elderly Travellers
Embark on this journey through time, listen to the whispers of the past, and create an unforgettable chapter in your own story
The abuse of the elderly in our families
Urbanization has changed family life and not only have our homes grown smaller, but so have our hearts
https://www.ucanews.com/amp/the-abuse-of-the-elderly-in-our-families/104121
India should not become sicker before it becomes richer: Chief Economic Adviser
FinMin rejects proposal to double minimum pension amount under EPS
The central board of trustees (CBT) – the apex decision-making body of the Employee Provident Fund Organisation (EPFO) – was apprised of the rejection of the proposal in its latest meeting on Saturday
Senior citizen app Khyaal raises $4.2 million from 62 Ventures, others
The funds will be used to strengthen the company’s foothold in its current regions, enhance market penetration and explore new markets.
Legal
Need State Policy On Redevpt Projects Affecting Elderly: HC
Mumbai: Bombay high court on Wednesday said there has to be a state policy to deal with delays in redevelopment projects that are affecting senior citizens.
Finance
This bank is giving up to 9.5% return on bank fixed deposits (FDs) to senior citizens
At Unity Small Finance Bank, senior citizens can get up to 9.50 per cent on FDs of 1,001 days.
Delhi’s senior citizens’ club offers recreation facilities for the elderly
According to authorities, entertainment and games facilities will be provided to the elderly, helping them connect with each other and share experiences.
More elderly care homes hailed in Kerala
Experts have hailed the setting up more care centres with private participation to address issues faced by state’s ageing population.
How To Make Your Homes Safe For Elderly – 5 Key Tips
Enhancing our living spaces with basic amenities cannot just offer safety and easy access to basic facilities for the elderly at home but also make your home accessible to people with temporary injuries, children and even pregnant women.
Nephrologist’s book on cardiovascular and renal diseases in elderly launched
Chennai: The book authored by senior nephrologist Georgi Abraham is intended for medical practitioners with the aim of encouraging them to recognise the significance of common diseases among the elderly
India urgently requires universal pension plan, say senior citizens
The population of those above 60 is expected to reach 22.7 crore by 2036, which would constitute 15% of India’s population, and 34.7 crore by 2050, which would be 20.8% of the total population
Govt To Run Foreign Language Courses For Nursing Graduates
Kochi: Agencies of Kerala government are in discussion with foreign countries to start language courses for nurses in the state to enable them to work in countries of their choice, chief minister Pinarayi Vijayan said on Tuesday.
Rajasthan Government’s Jan Soochna Portal: Information About Pension, Loan, Allowances And More At One Place
Why most retirees don’t find refuge in reverse mortgage
A reverse mortgage is a special type of loan that allows senior citizens to mortgage their homes without having to make any loan repayments and thus helps them tide over financial difficulties.
Senior citizen investment tools: Senior Citizen Savings Scheme vs FDs for seniors, which one is better
Senior Citizen FD Rates vs SCSS: Banks and NBFCs offer FD interest rates of 2.50-9.50% p.a. to senior citizens on tenures ranging from 7 days to 10 years. On the other hand, SCSS, which is a prominent investment tool, offers 8.2% interest.
5 Senior Care Technology Trends To Watch In 2024
India’s senior care sector is expected to witness major innovations in 2024, from bio-wearables and health trackers to improved health management, allowing people to take charge of their health.
Maity’s Elderly Care Services Receives International Recognition For Innovation In Indo-Pacific Startup Showcase By US Consulate
Maity’s Elderly Care Services, a trailblazer in providing comprehensive elderly care solutions, has earned global acclaim as one of the standout startups among seventeen ventures from India, Nepal, Bhutan, and Bangladesh.
Well-being of the elderly is State’s responsibility, says Rangasamy
PUDUCHERRY
Puducherry is the only State or U.T. to provide pension benefit from 55 years onwards. The aim of welfare schemes is to provide financial independence to senior citizens, says CM
India’s Higher Life Expectancy Is Poised To Reshape Senior Care Sector, Housing Demand
With an estimated market size ranging from $10 to $15 billion, senior care has become a dynamic and growing field. It encompasses a wide array of services, including in-home care, online financial services, assisted living facilities, and an array of aids and devices designed to enhance the comfort and convenience of seniors.
Antara-Max Estates to set up integrated senior living facility
Antara has two projects – in Dehradun and Noida – and is launching a third one after 3 years. It intends to launch one project every year and is looking to expand to cities such as Bengaluru, Hyderabad, Chennai, Pune and Goa as demand for senior living has gone up post Covid.
‘We hope 2024 chases away our loneliness, bring in more engagement with society’: wish Pune’s elderly
5 Things To Consider Before Choosing A Retirement Community
Retirement communities provide a range of facilities and services for older people based on their preferences
Ashiana Housing focuses on senior living in upcoming projects
As India ages and becomes more prosperous, better educated, and experiences improved healthcare, the demand for senior living is expected to rise.
Retirement roadmap: How to plan for your second innings? Here are 3 ways
life expectancy in India nearly doubled from 35.21 years in 1950 to 70.19 years in 2022. And while this is a positive trend that reflects remarkable progress in healthcare and quality of life, it also exposes our longevity risks;
Cyber financial fraud: What RBI can do to protect senior citizen victims
A cyber financial fraud fund, focussed solely on senior citizens, can help with instant reimbursement of funds lost to cyber financial fraud.
Silver Innings foundation Update
Silver Inning Foundation India Document is on United Nations website for the OEWGA questionnaire on: “Identification of possible gaps in the protection of the human rights of older persons and how best to address them”.
Silver Innings continuously working for rights of older persons and person with Dementia since 2008.
Silver Innings thanks their mentor S B Somers Inpea of The International Network for the Prevention of Elder Abuse (INPEA) and Ellen Graham of Global Alliance for the Rights of Older People; for their unconditional support.
Check – Silver Inning Foundation at this link
https://social.un.org/ageing-working-group/responses_ngos.shtml
Why do senior citizens need comprehensive health insurance coverage?
Every senior citizen imagines a good retirement life with their savings, hoping it can give them all the comforts they need for the years that lay ahead.
Factors to Consider When Buying Health Insurance for Aging Parents (advertisement)
The first step is determining health insurance providers with a distinguished market reputation for robust services.
Empowering Seniors: Harnessing Technology for Health and Well-being
As the world becomes increasingly digital, technology has proven to be a valuable asset in enhancing various aspects of our lives, including health and well-being.
Tier 2, Tier 3 Cities Of Karnataka See An Increase In Elderly Care Homes
According to the United Nations, India’s ageing population is expected to be 19.5 per cent of the total population by 2050 and the numbers are likely to increase to 193 million by 2031 from 138 million in 2021.
Out-of-hospital care provider HCAH continues to expand its footprint across India
Currently, HCAH boasts the largest chain of Transition Care Centres in the country, with over 325 beds spread across multiple cities, it claimed.
5 Ways To Stay Active After Retirement
You can do many things to keep yourself busy and treat retirement not as a punishment but to enjoy and discover things you may have missed during your working years.
https://retirement.outlookindia.com/spend/senior-living/5-ways-to-stay-active-after-retirement
Bengaluru lacks skilled elderly care network
The elderly in need of the support of skilled caregivers is on the rise in Bengaluru but the city has been failing to cater to the rising demand.
Exploring Serenity: One-Day Getaways Near Mumbai for Elderly Travellers
No proposal under consideration to revert to Old Pension Scheme, says FinMin
The law does not permit refunding the back-accumulated money of employees to the State government in case of going back to OPS, says MoS Pankaj Chaudhary
3 Financial Instruments You Must Have Before Retirement
Entering retirement without essential financial instruments may restrict the full enjoyment of this phase. Ensure you have the financial tools required to make the most of your retirement journey.