Union Finance Minister Nirmala Sitharaman announced removing the indexation benefit from long-term capital gain (LTCG) in Budget 2024-25, which has generated concerns in certain quarters.

The change in the tax law brings clarity to prevent the misrepresentation of rental income, which was inadvertently not taxed, according to experts.

The BJP promised to extend the Ayushman Bharat coverage to people aged 70 and above during polls, but the 2024 Budget is silent on that, says an expert.

Budget 2024-25 presented on July 23, 2024 has left the senior citizens highly disappointed as the government neither restored the railway concession withdrawn during the Covid-19 Pandemic nor extend the Ayushman Bharat-PMJAY scheme to all seniors above the age group of 70 years irrespective of their economic criteria, despite an increase in the Ayush Ministry budget

Union Finance Minister Nirmala Sitharaman said on Tuesday that the government wants to make NPS more attractive and flexible while announcing the hike in employers’ contribution to 14 per cent.

Lower GST rates and additional deductions on life, annuity, and health insurance products are some expectations the industry believes will enhance insurance penetration in the country.

From additional tax rebates to promoting group pension plans for MSMEs, here are some key expectations to boost people’s savings and retirement planning.

The BJP party had pledged in its poll manifesto to extend the Ayushman Bharat Yojana coverage to seniors aged 70 and above so that more people could participate in the scheme.

All senior citizens aged 60 and above but below 75 must file their income tax returns.

Seniors depend on limited financial resources for living. However, with good government policies and assistance, senior citizens can overcome all the challenges that they may otherwise face from time to time.