Kites Senior Care, a geriatric care service provider has secured Rs 45 crore in a series A funding round, led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office. 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. The expansion and growth plan entail a total outlay of Rs 65 crores, with Rs 45 crores being infused by Pai and the remaining Rs 20 crore by the promoters themselves, said Rajagopal, who is the co ..read more

The report titled “Senior Care Reforms in India – Reimagining the Senior Care Paradigm: A Position Paper” relies on secondary sources and information obtained from discussions and deliberations with different stakeholders. NITI Aayog wishes to emphasize that while every effort has been made to present accurate and up-to-date data, NITI Aayog does not guarantee the accuracy of the information and does not accept responsibility for the consequences of using this data. NITI Aayog disclaims any legal liability for the accuracy or inferences drawn from the material contained in the document or for ..read more

We need a second wave in our lives when we get into middle age. Learn something solid. Not for grades, and not as a burden. But as a way to keep growing in our careers, or switch to something new. And equally important – to make life more varied, and satisfying as we get older. That’s why, in my view, the bold package of support** to help Singaporeans get back into a course of learning once 40 years or older, that DPM Lawrence Wong announced yesterday in his Budget 2024, is one of the most important initiatives for our future. Read more at https://www.linkedin.com/feed/update/urn:li:activity ..read more

Government think tank NITI Aayog has pitched for tax reforms, mandatory saving plan, and housing plan for senior citizens in India, as the population of senior citizens is projected to reach 19.5 per cent of the country’s population by 2050. In a report titled ‘Senior Care Reforms in India – Reimagining the Senior Care Paradigm’, NITI Aayog said a national portal for senior care must be developed for senior citizens to provide easy access of services to them. “Since the social security framework in India is limited, most seniors depend on the income generated from their savings. Variable inte ..read more

As we enter the new year, we proudlyannounce that our 10th Anniversarycelebrations at the Global AgeingNetwork’s biennial conference, on 7thand 8th September 2023 was a hugesuccess. The conference which was held atGlasgow in Scotland was attended byabout 30 CommonAge delegates fromacross the Commonwealth. They werejoined by over 650 of their colleaguesfrom nearly 50 countries. Read more at https://www.asli.org.in/wp-content/uploads/2024/02/CommonAge-Annual-NewsLetter-2023.pdf ..read more

We work hard to ensure that our family lives in comfort in the present and in the future. We earn money and invest it. But what if we fail to ensure its smooth transition to our legal heirs? Wealth transmission post-death is a challenging process. What does not gain much attention is accessing a breadwinner’s investments while she is alive but incapacitated, that is, physically or mentally unfit to manage one’s financial affairs. Niranjan Vemulkar, co-founder and chief executive officer of Yellow, a digital will-making platform, shares an example. “We know of a case where the breadwinner went ..read more

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An analysis of budget expectations of senior citizens draws attention to their concern over accessible infrastructure and high rates of GST applicable on many of the services and products used by the elderly among other things. The analysis, based on a survey by Agewell Foundation involving interactions with 10,000 elderly persons from across states, brings into focus the aspirations of senior citizens in the present era, marked by nuclear families. Nearly 76% of older persons suggested that the government should make products and services like adult diapers and wheelchairs exempt from GST or ..read more

In an episode of “The Sopranos”, a popular television series which started airing in the 1990s, a gangster tells Tony, from the titular family, that he wants to retire. “What are you, a hockey player?” Tony snaps back. Non-fictional non-criminals who are considering an end to their working lives need not worry about broken fingers or other bodily harm. But they must still contend with other potentially painful losses: of income, purpose or, most poignantly, relevance. Some simply won’t quit. Giorgio Armani refuses to relinquish his role as chief executive of his fashion house at the age of 89 ..read more