Sisters demanded 1/3 share in parents’ lands, citing Hindu Succession Law, but brother won the case in Madras HC; know why

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/sisters-demanded-1/3-share-in-parents-lands-citing-hindu-succession-law-but-brother-won-the-case-in-madras-hc-know-why/articleshow/134766663.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst A recent case in the Madras High Court showed how a correct Will could have prevented years of conflict between siblings over

Continue reading

Do you have to pay tax in India or abroad? Why your residential status is important factor

Read more at:https://economictimes.indiatimes.com/wealth/tax/do-you-have-to-pay-tax-in-india-or-abroad-why-your-residential-status-is-important-factor/articleshow/134755487.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst There are many individuals who keep traveling abroad for work or any other purpose and earn income there. However, when it comes

Continue reading

SBI Chairman’s views on the latest MPC decisions [1]More than 50% of banking system loans r linked to external benchmarks which means they are repriced immediately–[2] Credit growth is being supported by the ample liquidity available [3]Action on deposit front normally–begins with a time lag and this time [also] because of ample liquidity in the system — it will begin after 2/3 quarters [4] NIM for next 2/3 quarters will improve–  Courtesy BusinessLine

Continue reading

MPC meet — Takeaways [1] Credit growth–at present–18% [2] Some moderation likely as policy rate transmission takes place over the next couple of quarters which will affect demand & costs [3] RBI wants banks to deploy FCNR [B] deposits not at one go [4] Currency leakage will absorb 3 lac crores of liquidity [5] CRR increase is least preferred option – to absorb liquidity [6] Corporates r holding healthy cash reserves & bank credit remaining robust, India’s dependence on global capital is lower than that of many  other economies– Courtesy BusinessLine

Continue reading

[1] Allahabad HC pulls up SBI for recovering Rs.19.90 lacs from a widow’s fixed deposit –[2] Inputs from HT–The order records that Mishra was neither a signatory nor a consenting party to the loan and was not a co-applicant, co-borrower, guarantor, surety, indemnifier, or nominee. [3] The court, therefore, recorded that there was no privity of contract between Mishra and SBI. [4] Article from BS gives lot of information regarding nomination-will-heir etc–

Continue reading

1 2 3 … 2,423