1. MWP was a welfare act enacted in 1874 to ensure the absolute ownership of wages, earnings, property, investments, and savings of a married woman. 2. The husband cannot acquire any interest in any such property of the wife after the marriage. 3. It was created to protect the properties owned by women from in-laws, relatives, and creditors. 4. Section 6 of the MWP Act lays down that when the husband purchases an insurance policy and makes his wife and children the beneficiaries, the death benefit or any other bonuses arising out of it are to be awarded solely to…
Author: Miley Selena
By Sudhir Kaushik of Taxspanner.com Bengaluru-based media professional Ashish Rastogi pays a low tax because he avails of all the tax deductions available to him. Even so, Taxspanner estimates that Rastogi can reduce his tax by more than Rs 40,000 if his company offers him some tax-free perks and the NPS benefit and he buys health insurance for his parents. Income from employer Income from other sourceRastogi should start by asking his company for some tax-free perks such as reimbursements of conveyance expenses, newspaper bills and food coupons. If he gets a conveyance allowance of Rs 30,000 (Rs 2,500 per…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I: Dhruva Kumar and his wife are saving for multiple goals. Here’s what the doctor has advised them: Goals Investor’s existing portfolio Portfolio check-up Self-employed couple investing in equity funds…
In this week’s realty hot spot series, we turn the spotlight to Sohna Road, Gurgaon in the National Capital Region. The locality houses numerous business centres and technology parks having offices of renowned multinational companies. It also enjoys developed infrastructure and sound connectivity. This part of Gurgaon hosts a number of schools and offices as well as medical facilities, with rental values ranging from Rs 26,900-71,500 depending upon the sub-locality and property type. For home buyers, the property price ranges from Rs 5,000-11,100 per sq ft. Here are the highlights of Sohna Road that make it this week’s real estate…
Shares forecast to face correction pressure but opportunities still exist as the bottom-catching cash flow has returned to some stocks that reached the bottom in July. The stock market will be closed on Thursday and Friday this week on the occasion of the Independence Day of Việt Nam (September 2), meaning that it will open for trading on only three days from September 30 to September 1. The VN-Index climbed 0.93 per cent to close Friday at 1,313.20 points. The index had lost a total of 1.22 per cent last week. Related: Here are the risks of Vietnam’s economic outlook…
Global coffee supply dealt fresh blow by Vietnam’s virus curbs Coffee prices have been on a tear amid mounting threats to supplies from South America to Asia. World coffee supplies are suffering a fresh setback from stringent travel curbs imposed in second-biggest grower Vietnam to control the worsening spread of the infectious delta variant of the coronavirus, Bloomberg reported. The Vietnamese government is keeping the city of Ho Chi Minh, the exporting hub, under lockdown because of a surge in virus infections, and has tight movement controls in place in some key producing areas of the Central Highlands. Related: Covid-19:…
Vietnam confirmed another 12,619 new Covid-19 cases on Sunday, bringing the the country’s new outbreak total cases to 430,940. According to Health Ministry, three localities with the highest numbers of infection were Binh Duong with 5,414 cases, Ho Chi Minh City with 4,957 cases and Long An with 533 cases, all three major southern industrial hubs. The country recorded 344 Covid-19 deaths in the last two days, with 256 cases in Ho Chi Minh City, 31 in Binh Duong, 18 in Tien Giang, 13 in Long An, five in Dong Nai, four each in Kien Giang and Vinh Long, three…
A consensus on the goal of legal principles is an important precondition for unity in selecting appropriate measures to cope with new or special situations. However, debates on measures as well as conducts in the time of emergency when the Covid-19 pandemic is quickly spreading in HCMC and the southern provinces have proved that such a requirement of consensus is hard to fulfill. I would like to start my article with a story about the wedding ceremony of two of my colleagues at a restaurant in a small city almost 20 years ago. After the initial steps, the wedding party…
China reacts to Covid threat by closing border gate with Vietnam, again. The country reported 33 confirmed coronavirus cases in the mainland for Aug. 28, up from 21 a day earlier, according to the National Health Commission on Saturday China has dramatically tightened travel restrictions as it seeks to control the country’s worst outbreak in months, with hundreds of Delta variant cases reported. From Thursday, China has suspended all imports and exports at one of its border gates in Guangxi Province with Vietnam’s Lang Son Province as a pandemic prevention measure. Chinese custom officials temporarily shut down its Lung Vai…
The Food Safety Authority of Ireland (FSAI) has announced its decision to recall a range of Acecook Vietnam instant noodle products. General Director of Acecook Vietnam Kajiwara Junichi said that all of the firm’s instant noodle products are safe for local consumers. A food expert said he was aware of the incident and was investigating the cause of the incident. Visit Vietnam Insider’s homepage for more stories During a press meeting on Saturday, General Director of Acecook Vietnam Kajiwara Junichi said that all of the firm’s instant noodle products are safe for local consumers, following Ireland’s warning over a banned…