https://www.taxtmi.com/news?id=16481 A major survey found many working age Indians have not started or face difficulty saving for retirement, while National Accounts show household saving is weighted toward physical assets like bullion and ornaments due to limited access to formal financial channels and inflation. To increase financial savings and inclusion, the government has expanded formal access through a large financial inclusion account drive, relaunched targeted savings schemes, provided tax deductions and pension incentives, and relied on postal and other delivery channels alongside employment boosting initiatives to encourage saving in financial assets. en-us Sat, 06 Aug 2016 09:56:26 +0530 Sat, 06 Aug 2016 09:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16481 A major survey found many working age Indians have not started or face difficulty saving for retirement, while National Accounts show household saving is weighted toward physical assets like bullion and ornaments due to limited access to formal financial channels and inflation. To increase financial savings and inclusion, the government has expanded formal access through a large financial inclusion account drive, relaunched targeted savings schemes, provided tax deductions and pension incentives, and relied on postal and other delivery channels alongside employment boosting initiatives to encourage saving in financial assets. News - Sat, 06 Aug 2016 09:56:26 +0530 https://www.taxtmi.com/news?id=16481