According to the Indian Law, “Will is the legal declaration of a person’s intention which he wishes to be performed after his death and once the Will is made by the testator it can only be revoke during his lifetime.” A person cannot give his ancestors property in the form of a Will but he can make a Will only of his Self-Acquired property .
Archive for month: March, 2016
The National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme. The NPS has been designed to enable systematic savings during the subscriber’s working life and is an attempt towards finding a sustainable solution to provide adequate retirement income to every citizen of India.
Growth of the Indian Economy accelerated to 7.6% in 2015-16 despite unfavourable global conditions and two consecutive years of shortfall in monsoon by 13%.
The government continues with fiscal prudence by retaining fiscal deficit at 3.9% in 2015-16. It aims to achieve 3.5% in 2016-17 and 3% in 2017-18. Revenue deficit improved from 2.8% to 2.5% in 2015-16