Indian couple chooses Luxembourg over US for better quality of life despite lower salaries
Luxembourg: In 2020, Bengaluru-based couple Prateek Gupta and Neha Maheshwari made the decision to move to Luxembourg, opting for a better quality of life over the higher salaries they could have earned in the US or Dubai. In an interview with Live Mint, the couple shared their reasons for the move and how their life has changed since relocating to Europe.
Neha, who works in finance at a German real estate company, and Prateek, a senior analyst at Amazon, admitted that while staying in India or moving to countries like the US or Dubai would have provided them with greater financial opportunities, the lifestyle in Europe was more appealing. "Continuing in India or moving to the US would have given us more career and earning opportunities. But we wanted to experience the superior quality of life that Europe offers," Prateek explained.
One of the key factors behind their decision was the balance between income and the services available in Luxembourg. While the couple pays around 28% of their income in taxes, slightly lower than in India, they feel that the services they receive, including healthcare and social security, make it worthwhile. "We contribute 3% of our income to government-sponsored health insurance, which covers most medical needs, except dental treatment," Neha shared.
Another aspect of Luxembourg's tax system that appeals to the couple is the 2% unemployment fund contribution. "If someone loses their job, the government pays 80% of their last drawn salary for up to two years, or until they find new employment," Neha explained. This security, along with healthcare coverage, means they don’t need a separate emergency fund.
The couple also spoke about the affordability of luxury cars and travel in Europe. They purchased a Mercedes A-class for €43,000, which is far more affordable than in India, where a similar car would cost ₹55 lakh. "I wouldn’t easily buy a luxury car priced over ₹50 lakh in India, but in Luxembourg, it’s within my means due to my income in euros," Prateek noted.
Additionally, they find traveling around Europe to be more budget-friendly. Since they earn and spend in the same currency, they can enjoy holidays across Europe without worrying about exchange rates. "The proximity between countries also makes travel cheaper, as we can simply drive around," Prateek said.
Though the couple acknowledges that they could have earned more in other countries or stayed in India for bigger pay increments, the overall quality of life in Luxembourg has proven to be the deciding factor.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Karnataka govt seeks agency to manage rural drinking water units: Minister
Belagavi (Karnataka) (PTI): Karnataka Minister Priyank Kharge on Wednesday said the state government is working to appoint an agency to manage clean drinking water units in rural areas.
The state Rural Development and Panchayat Raj minister was responding to a question by Hirekerur MLA U B Banakar in the legislative assembly.
"In the rural areas of the state, many clean drinking water units have been set up under corporate social responsibility (CSR) grants, including contributions by MLAs and MPs, and handed over to gram panchayats. After the maintenance period, problems have arisen in keeping these units operational," Priyank said.
He added that a proposal has been made to award a maintenance contract to one of the country’s reputed drinking water unit manufacturing companies, but so far, no companies have come forward to take up the work.
ALSO READ: Woman threatens to end life as police official refuses to accept love proposal, FIR registered
"The government is continuing its efforts and will resolve this problem soon," he said.
On a query regarding fluoride content in water, the minister said water quality testing is being conducted monthly in all zilla panchayats.
"Laboratories have been opened for this purpose. Around 6.5 lakh water samples have been tested across the state, and water testing kits have been provided to villages," he added.
