Fintechs should operate under the licenses granted: RBI Governor Das

Fintechs should operate under the licenses granted: RBI Governor Das | Economic Times

Fintechs should operate under the licenses granted: RBI Governor Das https://ift.tt/D9R8lyr central bank has been highlighting the risks posed to the financial system due to fintech and big tech firms. In its recently released Financial Stability Report (FSR) the RBI had called for the need to shield the financial system from the fintech industry’s potential to cause instability.

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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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