Friday, October 27, 2017

[ Custard Apple.]

Dr.Khadar's Speech on  On Millets -

YOUTUBE Link below.


Something Interesting:- Custard Apple:-

Custard apples contain anti-oxidants like Vitamin C, which helps to fight free radicals in our body. It is also high in potassium and magnesium that protects our heart from cardiac arrest.

Not only that, it also controls our blood pressure. Custard apples contain Vitamin A, which keeps your skin and hair healthy. This fruit is also known to be great for eyes and cures indigestion problems. It's important to include this fruit in your diet, as the copper content helps to cure constipation, and helps to treat diarrhoea and dysentery.

As they are high in magnesium, they equalise the water balance in our body, which helps in removing acids from the joints and reduces the symptoms of rheumatism and arthritis. If you feel tired and weak more often than usual, then have this fruit in your daily diet, as the potassium present in it will help to fight muscle weakness.

It is also good for people suffering from anaemia, as it this fruit is high in calorie. And if you want to put on some weight, include this in your daily diet chart. Custard apple contains natural sugar, and hence make great nutritious snacks and even desserts.
Source:- Times of India.

Wednesday, September 06, 2017

[ Massage These 3 Points to Reduce Your High Blood Pressure. ]

How It Works
Qi (or Life Force Energy) is at the heart of Chinese reflexology and TCM. 
It's the energy of creation and it flows through our body, just as blood 
circulates through our arteries and veins.
Located within the body are 12 primary channels or pathways that enable 
Qi to flow. When Qi is flowing through the body as it should, we are in a 
state of balance - we feel energized, alive and healthy. But when Qi is disrupted, the disharmony in your body will manifest as a physical 
symptom over time. To get a better idea of how Qi works in the body, 
compare it to the flow of a river. If the river is flowing smoothly, then the ecosystem is in balance. If on the other hand the river is obstructed, 
sediment begins to accumulate, causing blockages both upstream and downstream. 
In the body, stress tends to be the culprit that constricts the flow of Qi, 
causing obstructed energy in some areas and limiting energy flow to others. However, applying pressure to specific points has been known to help reduce high blood pressure. These pressure points invariably involve those that treat disharmonies in kidney and liver meridians (energy channels that transport Qi throughout the body).

3 Reflexology and Acupressure Points for Hypertension
1. The Kidneys
N.B. As this point is located near an acupuncture point used for inducing 
labour, if pregnant, do not massage this area.
To alleviate symptoms associated with hypertension, massage the kidney point. 
Doing so will help boost your Qi within the kidney, strengthening and 
harmonizing it, thus supporting kidney function.
Where: Your kidney reflexology point is located on the soles of both feet. 
Imagine a horizontal line located halfway through your foot (line 3) and 
another at the bottom of the ball of your foot (line 2). Next, imagine a 
vertical line dividing your foot in half. This line intersects the horizontal 
lines 2 and 3.
How: Massage this point by pressing it with your thumb and rubbing it in 
an up and down motion for about 15 to 30 seconds. For added pressure, 
you may also use your knuckles. Repeat on the other foot, practicing this 
technique daily.
Tip: If skin irritation arises due to the friction of rubbing, stop massaging the 
point until the skin heals. Alternatively, you can also use a lubricant such as 
almond oil.
 2. The Liver
N.B. As this point is located near an acupuncture point used for inducing 
labour. If pregnant, do not massage this area.
In TCM, the liver point plays a key role in ensuring the smooth flow of Qi 
throughout the body. Emotions, such as anger and frustration, are associated 
with this organ and can thus negatively impact its ability to balance and 
smooth the flow of Qi within the body.
Where: Located at the top of the foot, this point is found between the big toe 
and the second toe. To find its precise location with your thumb, trace the 
bones of the two toes until you feel the point at which they intersect. Then, 
slide your thumb about a thumb-width above this intersection and press into the 
'webbing' between the bones.
How: Press and hold this point for about one minute on each foot. Besides 
smoothing the flow of Liver Qi in the body, it will also nourish the blood - the 
liver's primary function includes filtering the blood and breaking down toxins 
in the body.

3. The Heart
Stress and tension are often the biggest culprits that raise blood pressure 
and disrupt the natural flow of Qi in the body. When your body is stressed, 
one way to combat the feeling of tension is to locate and massage the heart 
Where: Palm facing upwards, look at your wrist. At the base of your palm 
where your hand meets your wrist, you will see a crease in the skin. 
And while there are quite a few lines in this area, one will appear to be 
more prominent than the others. Once you've identified this crease, notice 
where the base of your ring and pinky finger meet and imagine a vertical 
line from this point reaching down toward your wrist crease.
How: Press on this point with your thumb and hold it down for about 60 
seconds on each wrist. Do so any time you feel stressed or upset to calm 
yourself down.

Sunday, September 03, 2017


Wednesday, May 31, 2017

[Understanding & Meaning of Nominees in financial products and banking accounts]

Will a Nominee get the money on the death of the Investor/Deposit Holder/Insured ?

Did you think that the nominee is the person, who will get all the money legally from the Life Insurance Policy and Mutual funds investments ? Hey ! That is exactly what you’d think if you aren’t aware of the legal aspects. We assume a lot of things which sounds like they’re obvious, but are not true from the legal point of view. Today, we’ll state or declare our nominees in financial products or insurance plans.  But, for whom are we earning ? For whom are we investing ? Whom do we want to leave all our wealth to, in case something happens to us ? It might be your children, your spouse, parents, siblings, etc., or just a subset of these. You also might want to exclude some people from your list of beneficiaries ! So, you think you will nominate person X in your Insurance policy, and when you are dead and gone, all the money goes to the person X and he/she becomes the sole owner? But you’re wrong. It doesn’t work that way. Let’s see how it actually does !

Who is a nominee ?

According to law, a nominee is a trustee and  not the owner of the assets. In other words, he is only a caretaker of your assets. The nominee will only hold your money or asset as a trustee, and will be legally bound to transfer it to the legal heirs. For most investments, a legal heir is entitled to the deceased’s assets. For instance, Section 39 of the Insurance Act says the appointed nominee will be paid, though he may not be the legal heir. The nominee, in turn, is supposed to hold the proceeds in trust and the legal heir can claim the money.
A legal heir will be the person who is mentioned in the Will. However, if a Will is not made, then the legal heirs of the assets are decided according to the succession laws, where the structure is predefined on who gets how much. For example, if a man during his lifetime executes a Will. In the Will he mentions his wife and children as legal heirs, then after his death, his wife and children are the legal owners of his assets. It is essential that one needs to execute a Will. It is the ultimate source of truth and replaces the succession law. Nominee can also be one of the legal heirs.
  • Mention the Full Name, Address, Age, Relationship to yourself of the nominee.
  • Do not write the nomination in favour of “wife” and “children” as a class. Give their specific names and particulars existing at that moment.
  • If the nominee is a minor, appoint a person who is a major as an appointee giving his full name, age, address and relationship to the nominee.

Why is the concept of nominee ?

So, you might be wondering if the nominee does not become the sole owner, why does such a concept of “nominee” exist at all ? It’s pretty simple. When you die, you want to make sure that the Insurance company, Mutual fund or your shares should at least get out of the companies, and go to someone you trust, and who can further help, in process of passing it to your legal heirs.
Otherwise, if a person dies, and hasn’t nominated anyone, your legal heirs will have to go through the process of producing all kind of certificates like death certificates, proof of relation etc., not to mention that the whole process is really cumbersome! (For each legal entity! The insurance company, the mutual funds, for the shares, for the real estate). So, to simplify, if a nominee exists, these hassles don’t happen, since the Company is bound to transfer all your money or assets to the nominee.The company thus goes out of scene, and then, it’s between the nominee and the legal heirs.

Example of Nomination

Ajay was 58 years old who died recently in an accident. As his children were settled, he wanted to make sure that his wife is the sole owner of all the monetary assets. This includes his insurance policy and mutual funds. So during his lifetime, he nominated his wife as a nominee in his term insurance policy and mutual funds investments. However, after Ajay’s death things didn’t turn up the way he wanted. The reason being Ajay did not leave a will. Though his wife was the nominee in all his movable assets, as per the law, his wife, along with children, were the legal heirs and all of them had equal right to Ajay’s assPets.
One simple step which could have saved the situation was that Ajay should have made a will which clearly stated that only his wife was entitled to get all the money and not his children.

Nomination in Life Insurance

A policyholder can appoint multiple nominees and can also specify their shares in the policy proceeds. Nomination in life insurance has one limitation, as insurance policies are bought to secure your financial dependents, your first choice of nominee has to be your family members. In case you want to nominate a non-family member like a friend or third party, you will have to show/PROVE the insurance company that there is some insurable interest for the person. This happens because of a Clause called PRINCIPAL OF INSURABLE INTEREST in insurance. Note that provision of nomination in life insurance is related to Section 39 of the Insurance Act. Note that as per LIC website
Nomination is a right conferred on the holder of a Policy of Life Assurance on his own life to appoint a person/s to receive policy moneys in the event of the policy becoming a claim by the assured’s death. The Nominee does not get any other benefit except to receive the policy moneys on the death of the Life Assured. A nomination may be changed or cancelled by the life assured whenever he likes without the consent of the Nominee.
Make sure, you have a nominee for your policy for easy settlement of the claim, if you do not have any nominee mentioned in the policy, it can turn out to be a disaster for your dependents to get a claim.

Nomination in Mutual funds

In case of mutual funds, you can nominate up to three people, who can be registered at the time of purchasing the units. While filling in the application form, there is a provision to fill in the nomination details. Even a minor can be a nominee, provided the guardian is specified in the nomination form. You can also change nomination later by filling up a form which is available on the mutual fund company website. Nomination in mutual funds is at folio level and all units in the folio will be transferred to the nominee(s). If an investor makes a further investment in the same folio, the nomination is applicable to the new units also. A non-resident Indian can be a nominee, subject to the exchange control regulations in force from time to time.

Nomination in Shares

Quiz for you . Now, you know what a nominee means and who actually gets the money. So if there is a person A, with wife B and nephew C, and he has nom which is used to assign a nominee in future.  In the same winated his nephew C to be the nominee of his shares in demat account, who will have the legal right to own the shares after husband’s death? If you answer is wife, you are wrong in this case ! In case of stocks, it does not work the usual way, if a will does not exist.
In the verdict, Justice Roshan Dalvi of Bombay High Court struck down a petition filed by Harsha Nitin Kokate, who was seeking permission to sell some shares held by her late husband. The Court noted that as she was not the nominee, she had no ownership rights over the shares. Ms Kokate’s lawyer had argued that as she was the heir of her husband who had died intestate (without a will), she should have ownership rights of the shares, and be able to do anything with them as she wished. In this case, Mrs Kokate’s husband had nominated his nephew in favour of the shares. Justice Dalvi however noted that under the provisions of the Companies Act and the Depositories Act, Acts which govern the transfer of shares, the role of a nominee was different.
“A reading of Section 109(A) of the Companies Act and 9.11 of the Depositories Act makes it abundantly clear that the intent of the nomination is to vest the property in the shares which includes the ownership rights thereunder in the nominee upon nomination validly made as per the procedure prescribed, as has been done in this case.”
It means that if you have not written a Will, anyone who has been nominated by you for your shares will be the ultimate owner of those stocks, The succession laws on inheritance will not be applicable, but in case you have made a Will, the legatee is entitled to the ownership of the shares, and that will be the factual position

Nomination in PPF

On the other hand, if you have Rs 10 lakh in your Public Provident Fund (PPF) account,  and you have not nominated anyone therein, your legal heirs will get maximum of Rs 1 lakh only ! Yes, it’s so important to have a nominee, now you get it . You can nominate one or more persons as nominees in PPF. Form F can be used to change or cancel a nomination for PPF. Also note that you cannot nominate anyone if you open an account for a minor.

Nomination in Saving/Current/FD/RD Account in Banks

FDs also come with nomination facility. While opening a new account, there is a column for nomination in the same form, and you should fill it. You can nominate two persons, with first and second option. Note that in case you have not done any nomination till now, you should request Form No DA-1 from your Bank, which is used to assign a nominee in future.  In the same way, to change/cancel the nominations, you need to fill up Form No DA-2.
A Bench of Justices Aftab Alam and R M Lodha of Supreme Court in an order said that the money lying deposited in the account of the original depositor should be distributed among the claimants in accordance with the Succession Act of the respective community, and the nominee cannot claim any absolute right over it.
"Section 45ZA(2) of Banking Regulation Act, 1949 merely puts the nominee in the shoes of the depositor after his death, and clothes him with the exclusive right to receive the money lying in the account. It gives him all the rights of the depositor insofar as the depositor’s account is concerned. But by no stretch of imagination it makes the nominee the owner of the money lying in the account,” the Bench observed.


Now you know what nomination means. Taking personal finance for granted can be fatal. Just investing knowledge isn’t enough to have a great financial life. You also need to be well versed with basic legal aspects, and make sure you carry out all due arrangement . Nomination is one important aspect you should seriously consider, when checking for the financial products you have bought or plan to buy in future.

Wednesday, January 11, 2017

[ 50 Years of Happy Married Life come what may. God give me many ups and and few downs.]

Son and daughter 9-year gap My Kids after our marriage.
[ ] [ 

   My Daughter in Law:

Enjoying the Golden Years.