Inheritance, succession laws for intestate women Read more: EconomicTimes
Author: Miley Selena
SBI digital services will be temporarily affected on January 22, 2022 due to maintenance issues. Due to a scheduled upgrade of the lender’s digital banking platforms, State Bank of India’s various digital services will be disrupted on Saturday. According to the bank’s official Twitter account, SBI customers will not be able to use services such as Internet Banking, YONO, YONO Lite, UPI on Saturday, during early morning hours. We request our esteemed customers to bear with us as we strive to provide a better banking experience, SBI said in a tweet. “We will be undertaking technology upgrade activities between 02.00…
NEW DELHI: In a significant verdict, the Supreme Court on Thursday said the daughters of a male Hindu, dying intestate, would be entitled to inherit the self-acquired and other properties obtained in the partition by the father and get preference over other collateral members of the family. The judgement, which came on an appeal against the Madras High Court verdict, dealt with the property rights of Hindu women and widows under the Hindu Succession Act. “If a property of a male Hindu dying intestate (without a will) is a self-acquired property or obtained in the partition of a coparcenary or…
The pandemic has helped companies to successfully implement the Work-from-Home (WFH) model by encouraging employers to revisit their existing approach of requiring all employees to work out of their office base location or to be physically present in the office premises. The “future of work” seems to be moving towards a hybrid model, with employers identifying roles which are amenable to work from any location, work from the office base location or to work from the office/client premises itself. Employees have the benefit in terms of having the flexibility to choose their place of work (which could be their hometown,…
In August 2021, the government launched the e-Shram portal for better execution of various social security schemes for unorganised sector workers. e-Shram is a portal created by the Ministry of Labor and Employment for the welfare of workers in the unorganized sector who are not members of the EPFO or ESIC. Registered members will be eligible for a variety of benefits after signing up for the Shramik Yojana and receiving an e-Shram card. Aside from that, workers will benefit from the government’s adoption of social security programs. Here is a look at important information regarding e-Shram according to the Ministry…
Bank fixed deposits (FDs) are among the safest and most popular investment options for risk-averse people. Bank fixed deposits come with varying tenors. An FD account’s maturity period can range from seven days to ten years. A short-term fixed deposit has a maturity period ranging from seven days to twelve months. Fixed deposit interest rates differ with banks, and they are subject to change depending on the key rates set by the RBI. It will also vary depending on the tenure of the FD as well. Here is a look at the banks that offer the highest interest rate on…
In every ET Wealth edition, our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right away at etwealth@timesgroup.com. I am 30 years old and about to be married. I am a seafarer by profession drawing about Rs12 lakh per annum. I have just started investing in mutual funds with SIP of Rs 5,000 each in PGIM India Flexi Cap, Mirae Asset Large Cap and Quant Active Fund. I also invested a lumpsum of Rs 50,000 in Quant Active Fund and another Rs 50,000 in HDFC Multi Cap…
The Indian stock market is heating up again, taking benchmark indices close to their all-time highs. However, the real action is happening in the mid- and small-cap space. For instance, the BSE mid-cap and small-cap indices have gained by 34% and 61% respectively over the past year, compared to the Sensex’s modest 23% gain. The two-year returns also tell a similar story. Absolute gains of 68% and 113% respectively for BSE Midcap Index and BSE Read more: EconomicTimes
Each week, our experts answer readers’ queries related to the division of assets, will, succession and more. Here are this week’s estate planning dilemmas from our readers. My mother is alive and has willed her property to my brother because she says I am married. Do I have any claim over this property? — Seema Virmani If your mother were to pass away intestate, you as a class I legal heir, would have the same share in your parents’ self-acquired property as your brother, and the fact that you are married would have no bearing on it. However, if your…
Didn’t file ITR? This is what you can expect Read more: EconomicTimes