FPIs pull out a record $39 billion in nine months

FPIs pull out a record $39 billion in nine months | Economic Times

FPIs pull out a record $39 billion in nine months https://ift.tt/IbFV03D FPI outflow has reached a record high driven by the valuation discomfort and India’s high macroeconomic sensitivity to crude oil. They have been the net sellers in Asia’s third-largest economy for nine months in a row, the longest duration in more than a decade. In June so far, FPIs have sold $5.1 billion of Indian equities.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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