REVOCABLE TRUST
Power to empower must include the power to stay well
“The true value of power lies in its purpose,” the Prime Minister told the Bloomberg New Economy Forum in October. India’s next lever of power is the health of its people, and the digital infrastructure behind CoWIN can now help keep a billion Indians well.
What eMudhra security incident means for anyone who shops, banks or pays online
The eMudhra security incident raised concerns that cybercriminals could potentially use weak private keys to create fake website certificates and impersonate legitimate platforms. Here’s how such an attack could put users’ personal and payment details at risk, and what is known about the incident so far.
eMudhra certificates blocked by Google and Mozilla; some legitimate websites may stop working from October 27; here's what happened
eMudhra intermediate CA certificates (Google Trends): Google and Mozilla have blocked eight compromised intermediate certificate keys linked to eMudhra, an Indian provider of digital trust and cybersecurity services. Weak randomness during key generation could have allowed attackers to forge trusted HTTPS certificates. Although eMudhra says the affected certificates issued no end-user certificates, Google's planned removal of a related root certificate could disrupt some websites.
Banks rethink UPI play; Big Tech's AI pivot dents Indian IT
Happy Wednesday! The return of MDR on UPI is pushing banks to rethink products and budgets. This and more in today’s ETtech Morning Dispatch.
GFF 2026: After KYC, SBI chief flags ‘Know Your Agent’ as AI enters banking
Agentic AI's growing use in finance necessitates new checks beyond customer identification. Banks may develop a 'Know Your Agent' framework for autonomous systems. This framework will address AI identity, authentication, and transaction limits. Such systems require accuracy, accountability, and unbiased access for trust. India aims for intelligent inclusion by scaling AI financial services.
Thinking of guaranteeing a loan? Think again; here’s how your credit score could suffer if the borrower defaults
Becoming a loan guarantor creates significant financial and credit obligations for individuals. The guaranteed loan appears on your credit report and affects borrowing capacity. Borrower defaults can negatively impact your credit score and future loan access. Lenders can pursue guarantors directly for the full loan amount. Carefully review all loan and guarantee documents before agreeing to become a guarantor.
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Trump sued over service that offers paid early access to Truth Social posts
Two media groups have sued to halt a new service offering paid access to presidential posts. This Truth API service provides early access to high-profile Truth Social accounts for a fee. Plaintiffs argue the service is corrupt and violates the First Amendment's equal access principle. They seek to prevent official government announcements from being exclusively posted on Truth Social.
Trump sued over service that offers paid early access to Truth Social posts
Donald Trump is facing a lawsuit from The Intercept and Freedom of the Press Foundation seeking to halt Truth API, a paid service offering early access to his Truth Social posts. The plaintiffs allege the service violates the First Amendment and creates financial conflicts because Trump, Truth Media's largest shareholder, benefits.
Trump lawyers deny BBC access to financial details in $10-billion lawsuit, report says
Donald Trump's legal team has refused to share financial details with the BBC. This comes amid Trump's $10 billion defamation case against the broadcaster. He accuses the BBC of distorting his speech about the January 6 Capitol events.
Hope Supreme Court records a verdict in my case for future: Sonam Wangchuk on NSA laws' use
Wangchuk addressed his first press conference since his release from Jodhpur Jail after the BJP-led Centre ordered revocation of NSA invoked against him last September. He was accompanied by his wife Gitanjali Angmo and a team of lawyers.
Should you go with public trust or private trust? Succession planning with trusts explained
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 93rd part of this series, Riju Mehta explains how various types of trusts differ in their purpose and functioning.
Charitable trusts challenge I-T dept's irrevocability clause
Several public charitable trusts have challenged the Income Tax Department’s insistence that trust deeds must explicitly state they are “irrevocable” to retain tax-exempt status. Trusts and professional bodies argue that the law does not require such a clause and that public trusts are inherently irrevocable unless expressly stated otherwise. The matter is now before the Bombay High Court, with concerns that denial of registration renewals could jeopardise longstanding charitable institutions.
When disability strikes, who controls your money? Essential tools to protect your finances
As discussions around aging and financial health gain momentum in India, it's alarming how many still sidestep the importance of planning for incapacity. This lack of foresight can cripple financial access and spark legal battles when circumstances prevent someone from managing their money, whether due to injury or illness.
I-T department tells charitable trusts to add 'irrevocable' clause or lose tax benefits
India’s Income Tax Department is pushing charitable trusts to include an ‘irrevocable’ clause in their trust deeds or risk losing key tax benefits under Sections 12A and 80G. Several trusts have already faced rejections, raising concerns among non-profits about stricter scrutiny, foreign spending rules, and tighter compliance norms.
Shielding wealth: It's a matter of trust for promoters
Wealthy Indian families and startup founders are increasingly placing shares in trusts. This trend aims to protect assets, improve tax efficiency, and ensure smooth succession. Prominent business leaders are utilizing these structures. Companies going public are also seeing this shift before their IPOs. Trusts offer greater certainty for wealth transfer compared to traditional wills.
Texas Trust claims second half of nearly $1.8 Billion Powerball Jackpot after accidental ticket purchase — here’s what happened
The second half of the record-breaking Powerball jackpot, valued at nearly $1.8 billion, has been officially claimed by a Texas winner. In an announcement on October 13, the Texas Lottery confirmed that the Seven Bridges Revocable Trust of Fredericksburg had claimed the massive prize.
Centre proposes higher NMET contribution to fund overseas critical mineral acquisitions
The Union government is proposing to increase contributions from mining proceeds to bolster exploration and development of critical mineral supply chains. Amendments to the MMDR Act include raising payments to the National Mineral Exploration Trust from 2% to 3% of royalties, potentially increasing its annual collection to ₹2,500 crore.
Donald Trump takes this bold decision ahead of January 20 swearing-in ceremony. How will US President-elect be benefitted?
US President-elect Donald Trump will take charge as US President on January 20.
Private Trusts Vs HUFs: Which suits your needs to pass on assets to legal heirs?
Will, gift deed, private trusts are some of the most commonly used methods that an individual can use to pass on the assets to his/her family members. There may be instances where will and/or gift deed does not suit the requirements for passing on the assets. Here an individual can compare between private trusts and Hindu Undivided Family to see if either one suits your requirements.
Can I transfer my house through a gift deed?
Find out how to minimise the chances of disputes by transferring your immovable and movable property through a gift deed.
Estate Planning: Your legacy is what matters the most.
To protect your legacy, you should be aware of estate planning
Bombay HC rules in favour of ADIA, sets aside AAR ruling
The AAR scheme was introduced under the Income Tax Act to provide the facility of ascertaining the income-tax liability of a non-resident, to plan their income-tax affairs well in advance and to avoid any unnecessary litigation.
No tax on foreign account if Indian not beneficial owner: Income Tax Appellate Tribunal
It all began when a search was conducted in the case of Rakesh Agarwal Group, Baroda, and details of six trust companies came to light, one of which relates to this case heard by the ITAT.
Congress demands revocation of ban on civilian traffic on J&K highway
The demand was raised by JKPCC president Gulam Ahmed Mir.
Oracle’s Ellison reveals $1 billion stake in Tesla
Ellison, 74, is the world’s ninth-richest person with a net worth of $51.4 billion on the Bloomberg Billionaires Index.
Who'll pay this hedge fund tax? Customers?
Hedge funds, those secretive investment pools that dominated Wall Street last decade are mushrooming in India.
Matrimony.com files papers to raise Rs 600-700 cr via IPO
Matrimony.com, which runs online match making business under 'BharatMatrimony' brand, today filed draft papers with markets regulator Sebi to raise an estimated Rs 600-700 crore through an initial public offer (IPO).
Government will probe irregularities in land allotment to Ramdev trust: Virbhadra Singh
After the Congress government came to power in December 2012, it ordered revocation of the land lease on February 19, 2013 and asked the revenue authorities to take possession of the land within three days.
PDP wants AFSPA revocation, says situation in Jammu and Kashmir has improved
The "legitimate aspirations" voiced by the people of the state through democratic means have to be respected to address the issues of trust-deficit and alienation, Beg said.
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