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Whither Bullion In Samvat 2070?

November 4, 2013 Leave a comment

wealthymatters

Gold has offered negative returns for the first time in fifteen Samvat years.With a price decline of 0.5 per cent or Rs 140 on the last day of Samvat 2069 ( Saturday), standard gold price in Mumbai’s Zaveri Bazaar recorded a 4.7 per cent decline during the entire Hindu calendar year from the level of Rs 31775 per 10 grams a year ago.

Gold offered around 19 per cent returns in 2068 followed by a handsome over 25 per cent positive returns in the previous three years.

With the steepest fall in 15 years, silver with its close at Rs 49795 a kg, offered 20 per cent loss to consumers this year. The white precious metal had offered 14 per cent negative returns to buyers four years ago in 2064. Read more of this post

Filed under Precious Metals, Tool Kit Tagged with Bullion Investment, gold nugget, gold price in the year ahead, historic price of gold on Diwali day, postaday, Vikram Samvat 2070

To Study Or Not To Study……That Is The Question.

November 3, 2013 Leave a comment

wealthymatters

The more educated a woman, the higher the salary discrimination she faces at work.That is the conclusion of the report based on the survey prepared by Paycheck India, a research initiative of IIM-A, supported by non-profit organization Wage Indicator Foundation and University of Amsterdam. The all-India survey is based on 21,552 respondents over a period of 7.5 years.

wealthymatters While women with no formal education earn more than their male counterparts, with an increase in educational qualification, the situation reverses. So, women with basic education like advanced certificates or diplomas earn 10% less than equally qualified men, but the wage gap shoots up to over 40% in cases where women have master’s degrees.

The main reason for this is that in India, there is a general perception that a woman’s primary responsibility is unpaid care work, like looking after children and family, and this perception channels them into similar work areas in the labour market, where they are paid handsomely for it. For instance, with no formal education, the average annual income of women surveyed is Rs 1.41 lakh while for men it is 1.26 lakh, indicating women are 11.99% ahead. Read more of this post

Filed under Theory, Tool Kit Tagged with Paycheck India, postaday, wage gap, women's education, women's income, women's salary

How To Get A Succession Certificate?

November 3, 2013 Leave a comment

wealthymatters A succession certificate is a document issued by a civil court to the legal heirs of a deceased person. If a person dies without leaving a will, a succession certificate can be granted by the court to realise the debts and securities of the deceased. It establishes the authenticity of the heirs and gives them the authority to have securities and other assets transferred in their names as well as inherit debts. It is issued as per the applicable laws of inheritance on an application made by a beneficiary to a court of competent jurisdiction.

A succession certificate is necessary, but not always sufficient, to release the assets of the deceased. For these, a death certificate, letter of administration and no-objection certificates will be needed.

To start the process of getting a succession certificate a petition needs to be filed with the district court or high court within whose jurisdiction the asset is located.The name and relationship of the petitioner, names of all heirs of the deceased, details about the time, date and place of death need be mentioned in the application. The applicant has to also produce a copy of the death certificate of the deceased.

Then the court typically issues a notice in the newspapers for a given period (generally 45 days). If no one contests the petition on the expiry of this period, the court passes an order for issuance of succession certificate. Read more of this post