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.
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.
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.
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.
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.
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.
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