Global supply problems caused by Covid-19 and the Ukraine war have propel food and fuel costs higher.NEW DELHI - T.L. Wali, a 66-year-old lawyer in Delhi's high court, had been looking forward to retirement.
While better off than many his age, inflation has forced Mr Wali and millions of other elderly Indians to make tough choices. Average interest rates on long-term deposits have also fallen to 6 per cent from 8.5 per cent over the past three years, taking it below headline inflation.Some pensioners have switched to riskier investments, including equities and mutual funds, but after two good years of returns even stocks are now struggling with the benchmark index down over 6 per cent this year.
Over the weekend the government announced tax changes and subsidies that will lower prices of gasoline, diesel and cooking gas. There were just 1,100 old age homes across the country catering to about 100,000 people before Covid-19 struck, according to a study by Tata Trusts, the charitable arm of the Tata Group conglomerate.
or u kan sued yr son 4 nok havin grand child