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The Latest Breaking News from Senior Citizen

7 Documents to Organise for Ageing Parents Before an Emergency Forces It

Why the Filing Happens After the CrisisMost families do not organise their parents' documents out of negligence. They do it out of an unspoken agreement not to treat ageing as imminent. The conversation about where the will is kept feels like rehearsing a loss. So the folder never gets made,…

Times Life · Oct 16

Bombay HC says ban on firecrackers on roads applicable throughout year

Ahead of Diwali, the Bombay High Court has extended its firecracker ban to public roads year-round. The court emphasized the harmful effects of toxic pollution on senior citizens and children. Authorities are now required to issue notices prohibiting firecracker use in public areas. The Brihanmumbai Municipal Corporation and Maharashtra Pollution…

The Economic Times · Oct 15

Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical ground

A recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpayer living abroad was given only five days to respond, rather than the legally required seven, the tribunal quashed the notice and subsequent reassessment. This decision underscores vital procedural safeguards…

The Economic Times · Oct 14

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Senior citizen gets income tax notice over Rs 65.27 lakh cash deposit in bank account; his son proves source of funds and wins case in ITAT Jaipur

Senior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension and FD money; ITAT Jaipur order explained.

The Economic Times · Oct 13

5-year FD vs NSC calculator: Check maturity senior citizens can get on Rs 2.5 lakh investment in NSC and FDs from SBI, HDFC Bank, PNB, ICICI Bank and others

For senior citizens eyeing steady income, evaluating National Savings Certificates against bank fixed deposits is crucial. Investing Rs 2.5 lakh in NSC yields a more favorable maturity amount than many bank FDs.

The Economic Times · Oct 13

Social Security Cost-of-Living Adjustment: Two Conflicting Forecasts Leave Millions Guessing About 2027 Raise

Millions of Social Security recipients face uncertainty over their 2027 increase as the Senior Citizens League forecasts 3.5% and AARP predicts 3.6% before the official announcement.

International Business Times UK · Oct 13

Tera bhai mar gaya: How a seat dispute in Delhi metro turned fatal for a 48-year-old after being assaulted by an IAS officer and his son

A family’s loss of its sole breadwinner has followed a fatal altercation on the Delhi Metro, where Pawan Sharma allegedly suffered an assault during a dispute over seats reserved for senior citizens. His younger brother recalled receiving a distressed call from their mother before learning of Pawan’s death at the…

The Economic Times · Oct 13

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October 14 is the big day for Social Security’s 2027 COLA: What retirees need to know before the big announcement; will September inflation data shape your raise

The Social Security Administration will announce the 2027 cost-of-living adjustment (COLA) on October 14 at 8:30 a.m. ET. The announcement will follow the release of September's Consumer Price Index (CPI) by the Bureau of Labor Statistics. This is the final inflation report needed to calculate next year's adjustment. The Senior…

The Economic Times · Oct 12

Tyler Perry donated $750K to clear property tax debt for 300+ Atlanta seniors

Tyler Perry has made a significant donation of $750,000 to assist low-income senior citizens in Atlanta. This contribution will help more than 300 seniors pay overdue property taxes and remain in their homes. Additionally, it will support a pilot program for another 100 seniors facing property tax increases. Mayor Dickens…

The Times of India · Oct 12

FD rate up to 8.25% for senior citizens investing for five years; know the list of banks

Currently, multiple banks are offering attractive fixed deposit interest rates that go up to 8.25% specifically for senior citizens. Suryoday Small Finance Bank stands out, boasting the highest rate for five-year deposits. While many banks propose rates hovering between 5.75% and 7.77%.

The Economic Times · Oct 10

Rs 7 lakh investment in SCSS vs SBI senior citizen FD: How much quarterly amount can senior citizens get for 5 years in each scheme?

Senior citizens often invest in Senior Citizens’ Savings Scheme and SBI fixed deposits for income. SCSS offers an 8.2% interest per annum with quarterly payouts, beneficial for regular cash flow. In contrast, SBI's senior citizen fixed deposit provides a lower rate of 7.05% with less frequent interest payouts. An investment…

The Economic Times · Oct 9

Daughter-in-law claimed right to ‘shared household’; senior citizen sought eviction: Here’s what Delhi HC ruled

The Delhi High Court recently upheld an eviction ruling that affects a daughter-in-law, amidst a nuanced legal struggle that weighs the interests of elderly individuals against those of women. This decision highlights key aspects of the Senior Citizens Act, sparking discussions on family rights, issues surrounding non-maintenance, and instances of…

The Economic Times · Oct 8

Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed deposits

The Reserve Bank of India raised the repo rate to 5.50% in its recent Monetary Policy Committee meeting. Subsequently, banks are likely to adjust their fixed deposit interest rates for both new and existing customers. P

The Economic Times · Oct 7

Man books retiring room through IRCTC by paying Rs 333 for western bathroom, ends up with Indian toilet in the room; court orders Rs 20,000 compensation

Chandigarh State Consumer Commission increased the compensation for a senior citizen after inadequate toilet facilities were provided. The complainant, aged 73, booked a retiring room expecting a Western toilet but found an Indian toilet. Following initial acknowledgment of the error, the refund was denied after the room was not used.…

The Economic Times · Oct 3

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The Economic Times · Oct 3

FD rates up to 8.50% for senior citizens on 5-year deposits; Check the list of banks

FD interest rate for senior citizents: Senior citizens can take advantage of attractive fixed deposit interest rates from various banking institutions. For instance, Suryoday Small Finance Bank shines by offering an impressive 8.50% on five-year fixed deposits, while DCB Bank provides a commendable 8%.

The Economic Times · Oct 1

SpiceJet delay left family without connecting flight, forcing fresh tickets, extra travel and hotel expenses, airline ordered to pay Rs 85,816

A Patna consumer commission has ordered SpiceJet to pay Rs 85,816 to a senior citizen after repeated flight delays made his family miss a connecting flight, rejecting the airline's bad weather defence for lack of proof.

The Economic Times · Sep 29

Social Security Benefit Increase 2027: What to know about the next COLA

Social Security recipients are awaiting the official 2027 cost-of-living adjustment, which is set to be revealed by the Social Security Administration on October 14. The Senior Citizen League currently projects a 3.5% increase, which would be higher than the 2.8% adjustment for 2026 and 2.5% increase for 2025. If that…

The Economic Times · Sep 29

Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explained

Mr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free bonds’ exempt interest income. After discovering this error, he filed a rectification application, which was initially rejected. He filed a case in ITAT Delhi and won it…

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The Economic Times · Sep 29

Can you submit annual Jeevan Pramaan certificate from October 1, 2026?

To ensure pension eligibility, every government employee must submit their Digital Life Certificate annually. The Jeevan Pramaan system facilitates this through a biometric-enabled certificate for pensioners. Starting October 1, 2026, super senior citizens will have dedicated submission facilities.

The Economic Times · Sep 26

FD rate up to 8.3% for senior citizens investing for three years; know the list of banks

For senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high as 8.5%. Jana Small Finance Bank has an attractive 8.3% rate for three-year terms, while Utkarsh Small Finance Bank offers 8%. To avoid TDS, seniors should submit Form 15H if their annual income…

The Economic Times · Sep 15

Psychology says people who offer unreserved seats to any senior citizen or anyone who may need it more than them aren't just being polite: What this behavior reveals?

Psychology says people who offer unreserved seats to any senior citizen or anyone who may need them more than them aren't simply being polite. The behavior can reflect empathy, social responsibility, prosocial behavior and emotional intelligence. Giving up a seat also shows awareness of other people's needs. Psychology theories such…

The Economic Times · Sep 15

'A senior citizen among India’s young achievers': From Burnol to burn rate, how the vocabulary of business has changed

During The Economic Times 40 Under Forty awards, a seasoned jury member is struck by the dynamic energy of the young honourees. He highlights a significant generational shift in business language and a rapidly evolving landscape of innovation. As the jury carefully evaluates leadership and impact across sectors, they remain…

International Business Times UK · Sep 12

Social Security COLA Forecast 2027: New Prediction Shows 3.5% Increase for Retirees

The Senior Citizens League forecasts a 3.5% Social Security cost-of-living adjustment for 2027, potentially raising the average monthly benefit by $67.90 (£50.25) before the final figure is announced.

The Economic Times · Sep 12

FD rate up to 8.5% for senior citizens investing for five years; know the list of banks

Select small finance banks offer senior citizens fixed deposit rates up to 8.5 percent. Suryoday Small Finance Bank provides 8.5 percent interest on five-year fixed deposits for seniors. Jana Small Finance Bank offers 8 percent interest on similar fixed deposit terms. Banks deduct TDS on FD interest exceeding one lakh…

The Guardian - UK · Sep 11

Premier League news: Iraola values Wirtz’s work ethic; Moyes backs ‘senior citizen’ Grealish

Liverpool manager insists midfielder should be judged by his influence rather than numbers

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