Check out these 8 Government Loan Schemes That You Can Benefit From As A Woman In Business.
For women, ageing often comes with financial vulnerability. Here are the first steps you need to take towards financial security.
For women, ageing often goes hand in hand with financial dependence and vulnerability. Checking nomination on financial assets and understanding your insurance status should be every woman’s first step to financial security.
Until I met some gruhinis for lunch, I believed that an educated woman would always fight for her rights. Post lunch, I sent that belief for a long walk.
When mommies catch up sans kids, nothing on earth, not even our Prime Minister’s speech at Madison Square Garden can distract them. A discussion about kids’ school routines and recipes eventually veered towards a discussion about homes and property, as we were meeting for a housewarming lunch.
So one mommy said to the host, “Preeti, you are lucky that your husband bought the house in your name.” The host had an elated smile on her face. The others were hiding mixed emotions behind an ear to ear smile.
The emotions came out through heavy words. “A few days ago, I got to know that there is an insurance policy in my eldest son’s name,” said one mommy. Another one said, “Forget the house. I can’t even think of asking my husband to change the nomination in the insurance policy and the bank accounts from his mom’s name to my name”.
“But how can you be so ignorant and careless?” was my prompt question to this group of well educated stay at home mommies.
“It’s not carelessness, it’s about maintaining peace at home, sweetheart,” she said. “I don’t want to rock a steady boat. If I talk about changing the nomination, they will feel bad and think that I don’t trust them,” she added. And there it went away, my belief about women and their financial rights.
Women may launch Mars missions or just raise healthy kids, but they still have to ask for a basic right such as protection in the husband’s financial assets.
To help them understand the need to be aware of family finances and how it works, I presented the real life worst case scenario of Tara Balgopal. In her hey days as a veteran classical dancer, she was friends with Indira Gandhi and wove charkha with the Father of the Nation, Mahatma Gandhi. Now in her eighties, she lives off charity in Delhi. That’s despite having Rs.2 crores of income arrears, jewellery in the bank locker, and an employee state insurance scheme. As this article points out, she never operated the bank account after her husband’s death, so it was inactive for a long time and her previous employer refuses to pay her income arrears.
The gruhinis had a word of sympathy for Tara Balgopal. I guess they also had the next home errand on their mind too. Before they could rush back home, I helped them remember five questions for the day they realize that they ought to be in charge of their family finances.
Where are the original insurance contracts kept?
5. Do we have a record of how much is invested where and how much do we owe to banks on account of loans?
Pic credit: keoni (Used under a CC license)
Rachna Monga Koppikar aka The Great Gruhini is a finance writer who’s worked with India’s leading publications for well over a decade. Having swam and mastered the treacherous waters of corporate and personal read more...
Women's Web is an open platform that publishes a diversity of views, individual posts do not necessarily represent the platform's views and opinions at all times.
Stay updated with our Weekly Newsletter or Daily Summary - or both!
Chetan Bhagat had no business slut shaming Uorfi Javed or any other woman. If he wants to 'guide' young men in the 'right direction' then he should take accountability for his words.
Chetan Bhagat, one of India’s bestselling authors, thought it was an ingenious idea to slut-shame Uorfi Javed, an Indian actress and influencer, at the Sahitya Aaj Tak literature festival.
“Phone has been a great distraction for the youth, especially the boys, spending hours just watching Instagram Reels. Everyone knows who Uorfi Javed is. What will you do with her photos? Is it coming in your exams or you will go for a job interview and tell the interviewer that you know all her outfits? On one side, there is a youth who is protecting our nation at Kargil and on another side, we have another youth who is seeing Uorfi Javed’s photos hiding in their blankets.”
Uorfi Javed responded with a video on her Instagram stories calling out Bhagat’s bluff. She shared the screenshots of his previous chat conversations with Ira Trivedi, author and yoga instructor, which came to light during the #MeToo movement.
"MAN MADE TO DO 5 SIT-UPS AS A PUNISHMENT FOR RAPE", I read the headline again, 5 sit-ups cannot serve as a punishment for a heinous crime like rape, right?
[Trigger Warning: Mention of rape of minors.]
Another day, another hour, another news about rape pops up on my mobile. Sometimes the accused is a stranger, or sometimes it can be the father, the husband or an uncle, the victim can be a minor or a grown up lady, an animal or even a mere corpse.
But there is one thing that remains common— BARBARIC REINFORCEMENT OF PATRIARCHY.
Please enter your email address