Finance Minister Nirmala Sitharaman on Tuesday asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. "I want the banking system, the financial ecosystem including the mutual funds, stock markets to keep in mind that when someone deals with his (customer's) money, the organisations will have to think about the future and ensure that customers nominate their heirs, give the name and address," Sitharaman said speaking at the Global Fintech Fest (GFF) in Mumbai. According to a report, the banking system alone has more than Rs 35,000 crore of unclaimed deposits, while the overall quantum of the unclaimed money is said to be more than Rs 1 lakh crore.
What he has said is shocking and shameful, former Union minister and BJP leader Ravi Shankar Prasad said, noting that the son of Tamil Nadu Chief Minister M K Stalin has repeated his remarks.
...educated people are better decision-makers must be rejected, the CJI said.
Rocky Aur Rani is definitely Karan's most subversive project, discovers Aseem Chhabra.
The committee has also recommended highlighting 'Hindu victories' in various battles in the textbooks.
The 21st Law Commission said the special status given to the entity of HUF was a 'so-called gift by the British', who could not comprehend the complex socioeconomic structure of Indian families. 'Now, this status is being used for the evasion of tax only,' it said.
It is evident that the younger generation is increasingly choosing to postpone or completely forego the idea of getting married, observes Sybil Shiddell, country manager India, Gleeden, a discreet extra marital dating Web site.
Asserting that terrorism is not linked to any religion, National Security Advisor Ajit Doval on Tuesday said it is no coincidence that despite there being around 200 million Muslims, the involvement of Indian citizens in global terrorism has been "incredibly low".
We must heed what the CJI has said. Challenging every judgment of the central government is inviting chaos, asserts Shreekant Sambrani.
Asked again about the incident on Spain's COPE Radio station, Hermoso said: "I wish they created (controversy) involving someone else, I'm a world champion and that's what matters."
Stalin, moving the resolution, said without giving any reasons, Ravi had returned the Bills, mentioning "I withhold Assent" to them.
From the voter-level, traditionally anti-BJP, anti-Hindutva minorities and other secular voters would have an option, especially in the face of the mounting anti-incumbency against the ruling party -- as it happened in the 2001 assembly polls, points out N Sathiya Moorthy.
Maybe, the need for secrecy may have tied the government's hand from sharing details in Parliament. Still, it should consider the need of sharing the utmost within any consultative committee, so that relative secrecy is still maintained. But such a course should involve the prime minister or home minister, as it is much more serious than is being made out to be, argues N Sathiya Moorthy.
What all global leaders need to understand is that no Generative AI regulation will work unless they start with the basics, which is data collection, asserts Prosenjit Datta.
Congress leader Rahul Gandhi said that the underprivileged need economic and political power and not empty words as he again called for removing the 50 per cent ceiling on quota and demanded reservations for Dalits and tribals based on their population.
Important quotes from the Supreme Court judgment upholding the validity of the 103rd Constitution amendment providing 10 per cent reservation to people belonging to the economically weaker sections (EWS) in admissions and government jobs.
McGahey said she is doing everything possible in her capacity to realise her dream of playing international cricket.
Top Congress leaders held deliberations on Saturday at the first meeting of the new Congress Working Committee (CWC) focusing on preparing a comprehensive road map for ensuring the party's victory in the upcoming assembly polls in five states and the 2024 Lok Sabha elections.
A bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha took note of the plea of social activist Jaya Thakur, a Madhya Pradesh-based doctor, and issued notices to the central government and all the states and UTs.
Ultimately quotas kill talent and true meritocracy, argues R Jagannathan.
Gokhale, an artist equally at home in theatre, television and movies, acted in several Marathi and Bollywood films.
A fresh PIL was filed on Thursday in the Supreme Court challenging the Centre's decision to block a BBC documentary on the 2002 Gujarat riots.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
'I went to a school in Baroda, where if the boys harassed us, the teachers pulled the girls aside and said, "Oh, your skirts are too short".' 'They made us feel ashamed of having any sexual feelings or having bodies that were growing up to be a young women.'
The police have arrested nine persons, including seven students of Jain (Deemed-to-be) University in Bengaluru, over a controversial skit which allegedly had casteist content.
Pro-BJP forces, unable to tolerate Udhayanidhi's stance against oppressive principles, have spread a false narrative, alleging he called for the genocide of people with Sanatan thoughts, Stalin said in a statement and wondered why Prime Minister Narendra Modi would also join those targeting the Tamil Nadu minister.
Sports Ministry clears participation of Indian men's and women's football teams in Asian Games
Introducing reservations for economically weaker sections in admissions and government jobs is permissible but excluding SCs, STs and OBCs as they enjoy pre-existing benefits is to heap fresh injustice, the Supreme Court said in its minority verdict on Monday, striking down the 103rd Constitution amendment.
Sudha Murty has various roles -- philanthropist, author, teacher, wife, mother, grandmother, sister, aunt -- and she revels in each one of them, discovers Savera R Someshwar.
Meghalaya Chief Minister Conrad K Sangma retained the key departments for his National Peoples Party, and gave the lesser politically significant ones to alliance partners Bharatiya Janata Party, Hill State Peoples Democratic Party and United Democratic Party as he allocated portfolios on Thursday.
Professor Ray Umashankar, won a prestigious Purpose Prize in the US, for his work to rehabilitate the children of sex workers in India.
Presently, a five-judge Constitution bench headed by the CJI is hearing pleas relating to regimes on grant of driving license for different kind of vehicles under the Motor Vehicle Act.
The city of Newark in the United States state of New Jersey has rescinded a sister-city agreement with the so-called 'United States of Kailasa', founded by Indian fugitive Nithyananda, citing deceptive circumstances surrounding the fictional country and terming the incident as regrettable.
Rocky Aur Rani delivers a king-sized entertainer that blends old charm with fresh ideas. It is a win for Karan Johar whose conviction works big time to satisfying results, asserts Mayur Sanap.
No-frills airline IndiGo on Monday announced placing a firm order for 500 A320 family planes with European aviation major Airbus at the Paris Air Show. This is the largest ever aircraft order placed by any airline with Airbus, IndiGo said in a statement. Financial details of the order were not disclosed.
Unsatiated greed for wealth has facilitated corruption to develop like cancer and the constitutional courts owe a duty to the people of the country to show zero tolerance to corruption and come down heavily against the perpetrators of the crime, the Supreme Court has said.
Rohit's men start overwhelming favourites but Shaheen, rain pose threat
Religion matters. Aspirational India is still poor. India admires strong leaders. India values decency. Shreekant Sambrani highlights the reasons why the BJP pulled off improbable victories in the Hindi heartland.
Relationship coaches help you decode toxic behaviour and how it can potentially damage your mental health and your relationship with your partner.
Many corporations extended benefits to same-sex couples well before the law was overturned.
