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Longevity planning helps elders live a worry-free life after retirement

Longevity planning helps elders live a worry-free life after retirement
Aging can be defined as a progressive, generalized loss of function, resulting in a decreased response to stress and a growing risk of developing age-related disease. Many believe that setting aside a fixed savings amount while working and making temporary investments is sufficient, but with lifespans increasing at a steady pace, it won’t be long before people live up to 40 to 45 years post-retirement – we must plan on living securely through all these years. This kind of planning not only takes into consideration the financial aspects, but also looks at the physical, logistical, mental, and emotional aspects of a person’s well-being. Tarun Sharma, CEO of a leading elder care services company, shares some tips to help get you started on it:

• Save enough to secure your retirement

Most retirement plans give returns that are only sufficient for 15-20 years post-retirement. Instead, we should put together investment plans that not only allow us to maintain our lifestyle for the entirety but also take into consideration age-related ailments that may likely occur.

• Plan for emergencies
No matter how old we are, handling emergencies is stressful. However, as we age, the difficulty of emergency handling only increases. Emergencies can occur at any time. Your emergency support system can comprise of any trusted individuals, such as your neighbours, relatives, friends, but may also involve a professional elder care services company, if they are available in your location.

• Plan for long-term wellbeing

As you grow older, frequent medical and vital check-ups should become a part of your routine. Focusing on physical activity, such as yoga, running, or some weight training (upon medical consultation), is just as important as staying sharp mentally. To maintain mental functions, social activities, solving puzzles, and new hobbies, are highly recommended.

• Plan for the routine

Due to physical ailments that may occur, it can become increasingly difficult to perform simple tasks and errands such as going to the bank or buying groceries. Certain tasks involving banks or administrative work may require you to step out of the house, but trustworthy service providers can help ease the process by accompanying you or even getting everything done for you.

• Use the right tools and technology

Using the right tools and technology can reduce the difficulties that arise with old age. – having concierge apps, SOS apps, and healthcare monitoring on your phone or watch can dramatically improve your quality of life.

Indian online education firm Unacademy to cut another 350 jobs

Indian online education firm Unacademy to cut another 350 jobs
MUMBAI: Indian online education firm Unacademy will cut 10% of its workforce due to “harsh economic conditions“, the company told employees in a letter on Monday, its second round of layoffs this year.
Softbank-backed Unacademy has tried to curb spending on marketing and control operational costs but it was not enough, founder and CEO Gaurav Munjal said in the letter, which was seen by Reuters.
The Bengaluru-based company employs around 3,500 people, so 350 employees would be affected in this round of layoffs, a source in the company told Reuters on condition of anonymity because they were not authorised to speak to the media about the matter.
“Funding has significantly slowed down and a large portion of our core business has moved offline,” Munjal said in the letter.
A spokesperson for Unacademy did not immediately respond to a request for comment from Reuters.
Unacademy, which was set up in 2015 and has raised funding from Softbank among other investors, cut more than 600 jobs in April this year, local media reported at the time.
“We made a commitment of no layoffs in the organisation but the market challenges have forced us to reevaluate our decisions,” Munjal said in the letter.

Demonetisation behind the buoyancy in tax collections, says RBI MPC member

Demonetisation behind the buoyancy in tax collections, says RBI MPC member
NEW DELHI: RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help the nation move towards the ideal situation where low taxes are levied on a large base.
On November 8, 2016, Prime Minister Narendra Modi announced the demonetisation of old Rs 1,000 and Rs 500 banknotes and one of the key objectives of the unprecedented decision was to curb black money flows and promote digital payments.
Noting that demonetisation had short-term costs but some long-term benefits, Goyal said it enhanced digitisation and formalization in the economy and reduced tax evasion, although all this has further to go.
“It contributed to the buoyancy in taxes the country is benefitting from today. This helps us move towards the ideal of low tax rates on a large base,” she told PTI.
The tax department on October 9 said that the gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year to Rs 8.98 lakh crore.
GST collections remained above Rs 1.40 lakh crore for the seventh month in a row at Rs 1.47 lakh crore in September, a 26 per cent increase over last year, reflecting buoyancy in tax collection.
However, earlier this month former Congress president Rahul Gandhi said that the BJP’s policies of demonetisation, GST and farm laws are weapons aimed at India’s poor and small businessmen.
Replying to a question on Central Bank Digital Currency (CBDC), Goyal said the objectives of the CBDC are to reduce the use of cash, and provide additional functions to the existing payment system rather than replace it.
“CBDC can certainly meet new needs in the digital age, reach remote areas and enhance financial inclusion, and save costs since cash is expensive and cumbersome,” she noted.
Recently, the Reserve Bank said it will soon commence the pilot launch of the e-rupee for specific use cases with a view to bolstering India’s digital economy, making payment systems more efficient and checking money laundering.
In a concept note on Central Bank Digital Currency, the RBI said CBDC is aimed to complement, rather than replace, current forms of money and is envisaged to provide an additional payment avenue to users, not to replace the existing payment systems.
CBDC is a digital form of currency notes issued by a central bank. While most central banks across the globe are exploring the issuance of CBDC, the key motivations for its issuance are specific to each country’s unique requirements.
To a question on India’s widening trade deficit, Goyal said multiple policy levers are available to reduce the deficit, among shorter-term measures are exchange rate depreciation and reducing aggregate demand.
According to her, more emphasis should be on longer-term sustainability-aiding measures such as reducing oil intensity as well as dependence on energy imports and encouraging exports.
Goyal suggested that the best export incentives are increasing the competitiveness of the Indian industry by lowering the costs and difficulties of doing business here.
India’s trade deficit widened to $26.72 billion in September, while exports contracted by 3.52% to $32.62 billion.

Bengali actress Aindrila Sharma passes away at the age of 24

Bengali actress Aindrila Sharma passes away at the age of 24
24-year-old actress Aindrila Sharma passed away on Sunday. The actress suffered multiple cardiac arrests earlier last night and she was given CPR. Although the critical condition was managed, the actress breathed her last at 12.59pm, according to the hospital sources. Later, she suffered yet another massive heart attack. But this time, she didn’t respond to the CPR support. The actress was kept on ventilator support at a private hospital in Howrah but her condition and was in a critical support.

She was a cancer survivor who defeated the disease twice. She was recently declared cancer-free by the doctors and made her acting comeback too.

The actress was hospitalised on November 1 after suffering a massive brain stroke. Aindrila was shifted to OT immediately and underwent left frontotemporoparietal decompressive craniotomy with evacuation of acute subdural bleed.

Aindrila is a familiar face to Bengali audience. After stepping into showbiz with TV show ‘Jhumur’, she did a number of popular daily soaps including ‘Jiyon Kathi’, ‘Jibon Jyoti’ and others. She forayed into digital medium too and did web series ‘Bhagar’ recently which also starred beau Sabyasachi. Following that her condition was critical. Tollywood and numerous fans across the state have been continuously praying for actress Aindrila Sharma’s recovery. Prayers started pouring in for the 24-year-old actress who had put a tough fight in the hospital against all odds.

‘Donald Trump considering launching fresh White House bid after midterm elections’

'Donald Trump considering launching fresh White House bid after midterm elections'
WASHINGTON: Former President Donald Trump is considering launching a third bid for the White House this month, three Trump advisers said on Thursday, while Trump himself teased a strong possibility of a comeback during a rally in Iowa later in the day.
“And now, in order to make our country successful and safe and glorious, I will very, very, very probably do it again,” the former president said during the rally on Thursday night, teasing a 2024 bid.
“Get ready, that’s all I’m telling you, very soon. Get ready,” he added.
Trump was speed-dialing confidantes to hash out possible scenarios as he looks to benefit from expected Republican wins in Tuesday’s midterms, his advisers said.
“I think like a moth to a flame, Trump will run in 2024,” one senior adviser told Reuters, speaking on condition of anonymity. “I think that he wants to run and announcing before Thanksgiving gives him a great advantage over his opponents and he understands that.”
An announcement in the coming weeks could box out potential rivals for the party’s nomination, the advisers said, though they added it was possible the former president could still delay a decision or change his mind.
A representative for Trump did not respond to a request for comment.
One source familiar with Trump’s plans said he intends to announce his re-election campaign shortly after Tuesday’s elections and has been sounding out potential staff. The source was approached by the campaign to gauge interest.
Nonpartisan election forecasters and polls say it is highly likely Republicans will win a majority in the US House of Representatives and also have a shot at taking control of the Senate, which would give them the power to block President Joe Biden‘s legislative agenda for the next two years.
Democrats’ electoral hopes have been hammered by voter concerns about high inflation, and Biden‘s public approval rating has remained below 50% for more than a year, coming in at 40% in a recent Reuters/Ipsos poll.
But Trump also remains unpopular after his divisive four-year term that ended with the Jan. 6, 2021, assault on the US Capitol by his followers, then two years during which he has continued to claim falsely that his election defeat was the result of fraud.
Trump currently faces a raft of investigations, including a Justice Department probe into classified documents he took from the White House after leaving office, some of which prosecutors say have not yet been recovered.
And the Reuters/Ipsos poll late last month showed that just 41% of Americans view Trump favorably.
The Thanksgiving holiday is on Nov. 24, providing Trump a two-week window after the elections to make his announcement should he wish to do so.
Trump has kept up a steady pace of political rallies since leaving office, during which he has regularly flirted with possibility that he would contest the presidency again.
He is expected to host family and friends at his Mar-a-Lago club in Palm Beach, Florida, on Tuesday night to celebrate expected victories among candidates he backed in the midterms.
In a direct challenge to Trump, several major Republican figures are considering whether to seek the party’s presidential nomination in 2024.
Trump is keeping a close eye on Florida Governor Ron DeSantis, who is expected to win his re-election race on Tuesday against Democrat Charlie Crist. Virginia Governor Glenn Youngkin and Trump’s former vice president, Mike Pence, are also seen as being among potential rivals.
Announcing his re-election campaign soon could help propel Trump in the early voting states of Iowa — where he is due to appear at a rally on Thursday — and South Carolina while his rivals are still working on their own 2024 plans, the senior adviser said.