RandomBlog2011 | wealthymatters

The Hindu Female and Maintenance

August 31, 2011 1 Comment

wealthymatters.com Certain familial relationships impose legal obligations and responsibilities depending on the nature of the relationship. The term ‘maintenance’ includes provisions for basic facilities, such as food, clothing, shelter, education and medical treatment.For want of some basic knowledge a lot of people often suffer needless privation.Here is a list to help Hindu females of all ages whether they be children; married, unmarried, separated, divorced or widowed women or aged mothers:

A Hindu is bound, during his or her lifetime, to maintain all his or her legitimate and illegitimate children. So a daughter whether a legitimate or illegitimate child may claim maintenance from her father or mother or both so long as she is a minor. Read more of this post

Filed under Theory Tagged with child maintenance, Hindus, law, maintenance, mother maintenance, postaday2011, RandomBlog2011, separation and divorce, widow maintenance, wife maintenance

Stridhan

August 31, 2011 35 Comments

wealthymatters.com Stridhan is a combination of two Sanskrit words ‘Stri=Woman’ and ‘Dhan=Wealth’ which put together means ‘Woman’s property’. Stridhan is a traditional property right of Hindu women accepted by Indian Hindu Society.Stridhan ensures a women’s economic independence.

Except for a few restrictions during coverture, a Hindu woman is the absolute owner of her stridhan.Any dues from her can also be recovered from her stridhan.Also, a woman who does not wish to accept stridhan cannot be forced to do so; she can choose to accept or reject the gifts given to her as part of the stridhan.Usually stridhan is passed from a mother to her daughters as per her wishes but as the sole owner of her stridhan a woman can will it away as she pleases.On her intestate death, all types of Stridhan, devolved upon her heirs in the following order:

upon the sons and daughters (including the children of any pre-deceased son or daughter) and the husband,
upon the heirs of the husband.
upon the heirs of the father, and
upon the heirs of the mother. Read more of this post

Filed under Theory, Tool Kit Tagged with non-saudayika, postaday2011, RandomBlog2011, saudayika, Stridhan, women's property rights

Self-Acquired and Ancestral Property

August 30, 2011 503 Comments

wealthymatters.com After a person dies, there are often pretty big rifts in the family.Hidden stresses come out in the open and contesting claims to the deceased person’s property is fairly common.The problems are compounded by the fact that the law defines self acquired and ancestral property differently from common parlance.

According to the law for Hindus,self acquired property is any property purchased by an individual from his resources or any property he acquired as a part of the division of any Ancestral/Coparcenary property or acquired as a legal heir or by any Testamentary document such as ‘Will’ etc. Read more of this post

Filed under Theory, Tool Kit Tagged with ancestral property, coparcenary property, inheritance, postaday2011, RandomBlog2011, self acquired property

How To Grow A Business

August 30, 2011 3 Comments

This is a list of 10 steps to grow your business from scratch.You have to put in some time ,a bit of your labour and maybe a bit of your savings at the beginning and then bootstrap your way up.It is inspired by the post here:- http://7million7years.com/2011/08/26/why-most-business-owners-are-not-wealthy/

Find something you can make or something you can do that somebody else will pay you for.
Find out if others will pay you to make or to do the same thing for them too.
If the answer is yes to point 2,find out ways of locating other such customers.
Make a detailed note of how to go about finding and getting customers the fastest,easiest and cheapest way. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with !0 Steps To Grow Your Business, automation, Bootstrapping, capital expenses CAPEX, deskilling, Entrepreneurship, mechanization, outsourcing, postaday2011, profits, RandomBlog2011, software, working capital

Sudha Murthy and JRD Tata

August 23, 2011 8 Comments

Sudha Murthy is the wife of N.R. Narayana Murthy,Founder of Infosys.She is the Chairperson of Infosys Foundation.Here is a story I found today.In it she narrates how JRD influenced her life.Enjoy!

“There are two photographs that hang on my office wall. Every day when I enter my office I look at them before starting my day. They are pictures of two old people, one of a gentleman in a blue suit and the other a black-and-white image of a man with dreamy eyes and a white beard.

People have asked me if the people in the photographs are related to me. Some have even asked me, “Is this black-and-white photo that of a Sufi saint or a religious guru?” I smile and reply “No, nor are they related to me. These people made an impact on my life. I am grateful to them.” “Who are they?” “The man in the blue suit is Bharat Ratna JRD Tata and the black-and-white photo is of Jamsetji Tata.” “But why do you have them in your office?” “You can call it gratitude.” Read more of this post