The Contributions Of Our Mothers


wealthymattersReminiscing with my best friend about our childhood – her’s in a small company township in Bengal and mine alternately in India and abroad,we realised that our so-called middle class lives were pretty dismal , saved only by the hard work, thrift and ingenuity of our mothers.Yet, this subsistence existence of the Socialist Seventies has gone largely un chronicled and, I dare say, unappreciated. The roles of those women – like our mothers – who were supposedly non-working because they had no formal salary-paying ‘jobs’, was nothing short of heroic.

If my friend and I look back at our childhood today with any degree of fond nostalgia, it is because these women heroically strove to ensure that their offspring never grew up feeling deprived – ironically, an all-too common plaint of the pampered post-reforms generation. My best friend aptly describes our childhoods as genteel poverty. It was genteel because, as the middle class, we had to keep up appearances, smile and socialise instead of whinging about our lot. But poverty it certainly was, by today’s standards, with meagre salaries, hand-me-down clothes, no vacations and no bought indulgences.Everything that was not consumed got put away for a rainy day or was recycled, from aluminium milk bottle caps to brown paper bags. Nothing was in abundance except love, chores, studies and relatives. Read more of this post

Dealing With Credit Card Fraud


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Some Things Never Change?


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Right To A Married Woman’s Income


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Increasingly,in India, women work outside the home post marriage.So what right has a married woman to her own earnings?

Rarely do women do as they wish with their earnings.Coercion is more the order of the day.So ladies,if you want a strong counter argument for husband,family and in-laws ,here it is :

Married Women’s Property Act, 1874 – Section 4. Married women’s earnings to be their separate property

The wages and earnings of any married woman acquired or gained by her after the passing of this Act, in any employment, occupation or trade carried on by her and not by her husband,

and also any money or other property so acquired by her through the exercise of any literary, artistic or scientific skill,

and all savings from and investments of such wages, earnings and property, shall be deemed to be her separate property, and her receipts alone shall be good discharges for such wages, earnings and property.

Agricultural Insurance Company Of India Limited


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Freak weather incidents are becoming increasingly frequent .This makes farming more risky nowadays.Add to that,modern farming is more capital intensive.So it makes sense to protect one’s investment with crop/weather insurance.

IFFCO-Tokio’s weather insurance is better publicized.But there is one other private alternative: ICICI-Lombard’s Weather Insurance.However the lion’s share of the covers are provided by the Agricultural Insurance Company Of India (AIC).

AIC was incorporated on 20 December 2002 with an authorised capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India (GIC) (35%), NABARD (30%) and the four public-sector general insurance companies (8.75% each), viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd., New India Assurance Co. Ltd., and United India Insurance Co. Ltd. AIC is under the administrative control of Ministry of Finance, Government of India, and under the operational supervision of Ministry of Agriculture, Government of India. Read more of this post