The family members of former prime ministers will not be guarded by the elite Special Protection Group commandos, as per the amendments approved by the Union cabinet to the SPG Act, official sources said.Minister of State for Parliamentary Affairs Arjun Ram Meghwal told the Lok Sabha on Friday that the SPG Act (Amendment) Bill had been listed in the government's business for next week.This comes days after the government withdrew the SPG protection given to Congress president Sonia Gandhi and her children, Rahul Gandhi and Priyanka Gandhi Vadra, after almost three decades.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Family members of formers PMs will not be guarded by SPG: Sources
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Buying health insurance is an essential item in a personal finance to-do list. If you have already bought one then you are supposed to renew it every year. Over a period of time, the quantum of health insurance required goes up, and so does the premium payable. Rising health insurance premium rates further inflate the bill. That makes many look for larger cover at relatively less price. Some end up buying super top-up policies. Of late, many insurance companies are offering restoration benefit that makes many believe that their existing covers are enough to take care of large hospitalisation expenses.Insurance industry officials tell us that these days some first time insurance-buyers typically want to buy policies with restoration benefit and want to settle for a sum-assured they otherwise would have thought inadequate. At the time of renewal, these insurance buyers may end up opting for the renewal of their base health insurance plan and not renew their super top-up insurance plan as … [Read more...] about Restoration benefit: Should you dump your super top-up policies?
G Babu JayakumarOn November 9, 19-year-old Fathima Lateef, a first-year student pursuing a five-year integrated MA programme at the Indian Institute of Technology-Madras (IIT-Madras), committed suicide inside the college campus. When Sabitha, Fathima’s mother, said that she let her daughter choose IIT-M because she thought of Tamil Nadu as a safe place without discrimination, the common retort (especially across social media) has been: ‘Who said IIT-M is part of Tamil Nadu?’Nestled in a 620-acre urban rainforest in the heart of bustling Chennai, the IIT-M is geographically and administratively very much a part of the state. The land, which was part of the Guindy National Park, was allotted by the then Chief Minister K Kamaraj who was particular that one of the five national engineering institutes of importance should come to Tamil Nadu.Close So, how did the institute, once considered a pride of the state, turn into a blight in the eyes of the public? Home to some … [Read more...] about Society | Why IIT-Madras is no longer Tamil Nadu’s pride
It is important to write a will as you age. But what if you change your decision on how you wish to pass on assets to beneficiaries over time? You may have an additional member in your family after you wrote the original will. Or, one of the beneficiaries may have passed away and you may want transfer a share of your assets to someone else.You could write a new will and discard the older version. But the process is not easy when our Wills are long. But there is help at hand. You can amend your earlier will. Such an amendment is called a codicil.What is codicil?Close The Indian Succession Act 1925 defines Codicil as an instrument made in relation to a will, and explaining, altering or adding to its dispositions, and shall be deemed to form part of the will. related news Viewpoint | Dear Woman, write a Will to ensure your wealth doesn’t go to undeserving hands SEBI puts transfer of physical and demat shares on par in case of death Put simply, it is a document signed … [Read more...] about Modify your Will with a Codicil
Most non-life insurance policies−be it health, personal accident, auto or home−are contracts renewable yearly. Barring a few two- and three-year covers introduced by non-life insurers, most policy holders receive yearly renewal notices for the payment of their premiums to retain their insurance covers. With the advent of technology, it has become a hassle-free act in most cases. All you need to do is to read the text message from your insurer, click on the link given in it, tick the accept term and conditions box and make the payment online. Within a minute or two, the policy document hits your email inbox.Review your renewal notice It is a sacrosanct document, most experts say. It is the base of the contract you are entering into. Do check your name and other details. Check what you are insuring. For example, if you are renewing a personal accident insurance cover, do check the coverage offered for each event−accidental death, total permanent disability and … [Read more...] about Five factors to review before renewing your insurance policy