CP sales fall 60% as short-term rates soar

CP sales fall 60% as short-term rates soar | Economic Times

CP sales fall 60% as short-term rates soar https://ift.tt/A0M34cK, the massive outflow of funds from debt schemes due to losses on mark to market has put pressure on rates that mutual funds demand for buying CPs. Outstanding CP issues in the market are down by a fifth to Rs 3.8 lakh crore."Slowdown in CP issuances is mainly because of sharp rise in short term rates. And borrowers are moving back to banks

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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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