Agewell Foundation on Budget 2009-10

“This is really a welcome budget for Older Persons” – Agewell


New Delhi, 6th July, 2009: Agewell Foundation an NGO working for the welfare of older persons across the country since 1999, appreciated the budget 2009-10 presented by the Finance Minister Mr. Pranab Mukherjee. The Foundation has especially welcomed the centre’s approval for long-standing demand of One-Rank-One-Pension Scheme for Ex-servicemen. Raising income tax exemption limit from Rs. 2.25 lakh to Rs. 2.40 lakh will benefit millions of middle class older persons.

Needless to say, Agewell Foundation had been struggling for One-Rank-One-Pension Scheme for Ex-servicemen for a long period. Advocating for this issue and garnering support for this cause, Agewell Foundation had also organized a Symposium on Role of Older Persons in Democratic Process – with special focus on One-Rank-One-Pension for Ex-servicemen in the month of April 2009, at India Habitat Centre, New Delhi under its project Research & Advocacy Centre for Needs & Rights of Older Persons. In addition, Agewell had also submitted representations to concerned ministries and departments of Government of India regarding Older Persons friendly policies and schemes.

Appreciating the budget announcements, Mr. Himanshu Rath, Chairman, Agewell Foundation, said, “So far is older persons is concerned, this is laudable budget. Every section of older persons will certainly get something from this budget. With the provisions like One-Rank-One-Pension scheme financial security will be ensured for lakhs of ex-servicemen and their family members. In view of ever-increasing population of older persons in the country, government should make more older persons-friendly policies.”


Research & Advocacy Centre for Needs and Rights of Older Persons

Centre is committed to bringing in a dynamic change for the Older Persons in terms of social participation & integration, economic security, macro societal change and development, healthy ageing, enhancing the physical and mental quality of life. Recently Agewell has conducted surveys on Impact of Recession on Older Persons of India and Role of Older Persons in Democratic Process. While advocating for issues pertaining old age, Agewell has organized several symposiums over the years under the series of “Needs & Rights of Older Persons” at India Habitat Centre and India International Centre.


Agewell Foundation

Agewell is a consortium of over 1500 NGOs and 6300+ volunteers spread across 540 districts of India, committed to provide a voice to older persons. For more information, please visit our website www.agewellfoundation.org

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