The Silver generation needs some tax polish
Government needs to make retirement income more tax-friendly and fund healthcare efficiently
Currently, retail health cover doesn’t help senior citizens in a big way and there is a need to on-board senior citizens to Pradhan Mantri Jan Arogya Yojana
Two years ago, one Monday morning, when N.S. Swaminathan dialled into the usual conference call with various teams across the world, he was irritated to find no member had logged in. A globetrotting IT sector top executive, Swaminathan tapped his pencil in annoyance for some time, before reality broke on him—he had hung up his work keyboard the previous Friday. “I used to work for 16 hours a day and managed a large business unit of over 3,000 employees and suddenly there was nothing after retirement," he said. Now, at age 62, Swaminathan still gets on the phone but to counsel children on their careers. Life has slowed down for Swaminathan, but is anything but dull. “Earlier I used to travel primarily on work. Now I take holidays with friends. When I go abroad, I explore cities and their cultures," he said.