TRUSTEE ELIGIBILITY
Mehli Mistry challenges removal as Tata Trusts trustee, seeks independent inquiry into governance
Mehli Mistry has filed a challenge against his removal as a trustee of the Sir Dorabji Tata Trust. He has raised concerns about procedural irregularities and trustee eligibility in his case. Mistry also seeks an independent inquiry into financial matters related to the trust's administration. He has claimed conflicts of interest and improper financial benefits received by some trustees.
Social Security benefits warning: Will retirees lose $500 a month when the retirement trust fund runs out in 2032? What the latest forecast means for your monthly checks
The Social Security retirement fund is projected to exhaust its reserves by the end of 2032 without any legislative intervention. If changes are not made, monthly benefits for retirees might face substantial reductions, estimated between 22% and 26%. This impending decline is attributed to demographic shifts like an increasing elderly population and dwindling birth rates. Lawmakers have a limited timeframe to tackle these pressing issues before retirees experience significant cuts.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
EPFO’s WhatsApp service: You can check EPF balance, view last 5 transactions and download passbook by sending message
The launch of the EPFO WhatsApp service was announced by Union Minister Mansukh Mandaviya. This new feature empowers subscribers to easily check their EPF balance, view the latest transactions, and download passbook details. Moreover, the initiative addresses automatic settlements for dormant accounts, benefiting around one lakh users whose balance falls under Rs 1,000, thereby simplifying processes and minimizing the necessity for in-person visits.
How much will your Medicare premium rise in 2027 and how much of your Social Security raise will you actually keep?
The standard Medicare Part B premium may go up by $6.60 a month next year. That is far smaller than the jump in 2026. Still, for people living on Social Security, even a small rise matters, because the premium usually comes out of the monthly check.
SEBI to make direct mutual fund plans default from November 1; reviews IPO and SME listing rules: Reports
SEBI will make direct mutual fund plans the default option on AMC digital platforms starting November 1, while investors choosing regular plans must be informed about their higher costs. The regulator is also reviewing IPO frameworks, simplifying market regulations and expanding the use of AI to strengthen supervision and investor protection.
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Toronto mayor voting today: Poll timings, where to vote, 53 mayoral candidates and full list of councillor candidates across three key wards
Toronto voting day: Toronto voters head to the polls on Monday, October 26, for the 2026 municipal election to elect the city’s mayor, ward councillors and school board trustees. Polling stations are open from 10 a.m. to 8 p.m., with voters encouraged to visit during off-peak hours. A total of 53 candidates are running for mayor in the Toronto municipal election.
Yes Bank AT1 coupon due, bondholders seek clarity
YES Bank's bondholders have not received recent coupon payments which were due shortly after a court ruling. The Supreme Court restored the value of these bonds, raising uncertainty among investors. Bondholders have requested that the trustee clarify the status of unpaid coupons. Another coupon payment is also approaching, adding to the urgency of the situation. Bondholders expect payments to proceed in accordance with the court's ruling and official guidelines.
Elon Musk pledges one SpaceX share for every American child; it could cost him just 1% of his fortune
Elon Musk has unveiled an ambitious plan to grant one SpaceX share to every American child next year, aiming to empower future generations through investment opportunities. With more than 72 million minors in the U.S., questions arise regarding who qualifies for this potential windfall, valued at over $10.5 billion based on current prices. Final specifics from Musk's team remain pending, igniting curiosity across the nation.
Saanich election 2026: Why 68% rejected merging with Victoria as Rishi Sharma wins mayoral race with 17,157 votes
Saanich election results: Rishi Sharma has been elected Saanich mayor after securing 45.31% of the vote, while 67.96% of voters rejected a proposed merger with Victoria. The 2026 municipal election also saw five newcomers win council seats, reshaping local leadership in British Columbia. According to preliminary results, 24,663 voters, or 67.96%, voted against amalgamation.
Mistry Objection Not Valid, say two Tata Trusts
Two Tata trusts, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution, challenge Mehli Mistry's objections. Mistry claims irregularities in trustee appointments, while the trusts deny any illegal actions. Both trusts assert that his term expired and he no longer qualifies as a trustee. Additionally, the BHJTNCI seeks to replace its reporting trustee, leading to further legal disputes. Proceedings on these matters are set for November 5.
Trump’s $90 Medicare and $500 ACA checks are going out. Here’s why healthcare costs could still hit seniors
Trump’s $90 Medicare payments and $500 ACA refunds are reaching millions of Americans, but rising healthcare costs could limit how much relief they provide. Here’s who qualifies, when the payments are arriving and why the one-time checks may not fully offset higher premiums.
Federation of Indian Airlines seeks Centre's intervention for faster release of ECLGS 5.0 funds
Indian airlines have requested the Civil Aviation Ministry's assistance in securing timely credit disbursements under ECLGS 5.0. The Federation of Indian Airlines aims to alleviate the severe financial strain caused by rising fuel costs and other factors. ECLGS 5.0 provides significant financial relief to eligible airlines impacted by current global disruptions. The scheme is designed to support airlines through short-term liquidity challenges during the ongoing crisis.
UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital credit
Industry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while fintechs flag risks to working capital and digital credit trails.
Could you claim full Social Security at 60? New bill targets blue-collar workers — here’s who may qualify
Social Security faces an impending financial wall. Most lawmakers looking at the math suggest raising the retirement age to keep the trust fund solvent. Rep. Haley Stevens, a Michigan Democrat, is proposing the exact opposite. Her Blue Collar Social Security Fairness Act would drop the retirement age to 60 for Americans in physically demanding fields. This covers construction workers, manufacturers, and nurses.
Cashless health insurance claims: What policyholders can do when hospitals and insurers clash over bills, approvals, and deductions
Inflated bills, delayed approvals, arbitrary deductions. As hospitals and insurers trade charges, policyholders are left footing the bill. What will it take to fix the system?
Some workers could get full Social Security at 60 under new bill - here’s who may qualify and what you need to know
Rep. Haley Stevens has introduced the Blue Collar Social Security Fairness Act to Congress this week. This bill allows eligible workers in physically demanding occupations to receive full benefits at the age of 60. Under current regulations, workers can claim full retirement benefits at 67 or begin collecting at 62 with reduced amounts.
Which states could be hit hardest by Social Security cuts in 2032? These 10 face the biggest potential economic impact
If you live in one of these 10 states, a Social Security cut by 2032 could hit your local economy harder than elsewhere. The biggest potential impact is in West Virginia, Mississippi and Vermont, according to the CRFB scenario.
US Social Security bill: Lawmaker wants full retirement benefits at 60 for workers in physically demanding roles
Representative Haley Stevens introduced a bill to allow workers in physically demanding jobs to retire at 60. Currently, the full retirement age is 67, which poses challenges for laborers. The bill aims to provide Social Security benefits earlier for those in occupations like construction and nursing. It offers a weighted points system to determine eligibility based on years worked in such jobs.
EPF withdrawal for buying, constructing and repairing house: How much amount can you withdraw from your EPF corpus? check eligibility and rules
Earlier in October 2025, 13 types of partial withdrawal provisions were merged into one unified and simplified framework. Prior to the simplification of norms, an EPF member was allowed to withdraw only the employee contribution and interest ranging from 50-100%.
RBI files caveat in Bombay High Court in Tata Sons listing matter
The RBI has filed a caveat in the Bombay High Court over Tata Sons’ mandated listing, seeking to ensure it is heard before any court order on a potential challenge. The move follows the central bank’s rejection of Tata Sons’ request to surrender its registration and avoid listing.
EPF advance rules: You can withdraw EPF money for these 5 reasons; check limits
Members of the Employees Provident Fund Organisation can access their savings in times of need, such as emergencies and personal circumstances. Illness-related withdrawals have no limits, while education expenses allow for up to ten claims. For marriage and housing, members may withdraw funds up to five times each during their membership.
Tata Trusts hearings adjourned to October 15
The hearings concerning Mehli Mistry's objections have been postponed to October 15. The legal representatives for Tata Trusts have requested additional time to submit their response. A reporting trustee's recent retirement has influenced one of the ongoing matters. Mistry highlighted various governance issues in his complaints. All three cases will now be addressed on the rescheduled date.
Social Security to increase? Who is eligible to get $200 extra payment in Social Security benefits next month and when will it be paid?
Social Security benefits: A proposed $200 Social Security increase is gaining attention as millions of Americans look for ways to cope with rising living costs. The proposal could provide an additional $200 a month to eligible Social Security recipients, but the extra payment is not currently an approved benefit. Here’s who could qualify for the proposed social security increase, which Social Security beneficiaries may be covered, whether the payment could be made next month, and what retirees should know about the proposal before expecting an extra $200 in their checks.
Vijay Singh exits Sir Ratan Tata Trust, informs he doesn't want reappointment
Vijay Singh has resigned as a trustee of the Sir Ratan Tata Trust. He will continue serving the Sir Dorabji Tata Trust for another year. The Sir Ratan Tata Trust faces regulatory issues and internal disagreements. Singh's departure follows earlier exits from another trust board. This marks a significant shift within the prominent Tata philanthropic organization.
Tata Trusts to amend Bai Hirabai Trust deed, trustee eligibility clauses under review
Tata Trusts trustees will seek to change rules in the Bai Hirabai Trust deed. These rules previously barred non-Zoroastrians from becoming trustees. This action follows a complaint by a former trustee. The trust deed's restrictive clauses are being reviewed. The aim is to align the trust with inclusive values. This move addresses eligibility criteria for trustees.
Religion is no disqualification for trustees: Tata Trusts note
Tata Trusts has opened its doors wider, confirming that non-Zoroastrians are eligible to serve as trustees of the Bai Hirabai JN Tata Navsari Charitable Institution. This decision emerges in light of a challenge regarding the qualifications of trustees Venu Srinivasan and Vijay Singh.
Tata Trusts row deepens as Venu Srinivasan exits Bai Hirabai Trust amid eligibility challenge
Venu Srinivasan has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution. This move follows a dispute over his eligibility as a trustee. Another trustee, Mehli Mistry, challenged Srinivasan and Vijay Singh's qualifications. Mistry claims they do not meet the Parsi Zoroastrian faith and Mumbai residency requirements. Srinivasan cited other business commitments for his departure.
Sebi invites applications to empanel forensic auditors for MFs, AMCs, trustees
Sebi has suggested a common platform for dissemination of public announcements by mutual funds.
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