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Tax, savings for senior citizens: NITI Aayog pitches for tax reforms, plans for elderly

In its comprehensive report, NITI Aayog has highlighted the need to cultivate a robust environment for senior care services. The key strategies proposed include implementing a reverse mortgage mechanism aimed at enhancing financial liquidity for seniors. Further recommendations encompass mandatory savings plans, and tax and GST reforms on senior care products. ....

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Do you have a savings account? Trend shows senior citizens are outliving rainy day funds, or are unable to maintain account

A new trend revealed that some senior citizens are unable to make ends meet with their income and heavily rely on social security. ....

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