The government’s shock move on November 8 to spike Rs China building block flat twin screw barrels Factory 500 and Rs 1,000 notes — fiercely criticised by the Opposition parties — immediately left millions cashless.Parliament’s Public Accounts Committee will call RBI Governor Urjit Patel and top finance ministry officials next month to review the economic situation.Finance Ministry clarifies on jewellery tax, announces new norms.. “The money coming to the banks will be used more fruitfully for the benefit of the economy,” he said on the sidelines of the Make in Odisha conclave. People are also reluctant to accept the new Rs 2,000 notes.

 

The Centre also explained to the Supreme Court on Thursday about steps taken to ease the cash crunch. Many branches are yet to get the new Rs 500 notes, while the Rs 100 notes are in short supply.People struggled to pay their domestic helps, drivers and grocers, as many of them would not be able to accept card payments, but several banks and ATMs were found shut.Opposition parties led by the Congress have stalled Parliament amid criticism over the slow pace of introducing the new notes, with banks running out of cash and ATMs having to be recalibrated to cope with the new bills.Speaking at an event in Bhubaneswar, Mr Jaitley said once the demonetisation process was complete, India’s gross domestic product (GDP) and tax base will expand significantly. As announced earlier, Rs 1,000 notes cannot be used anywhere. But as salaries got credited, banks and ATMs battled bigger crowds on Thursday with little or no cash to manage them.

 

The government move that has had knock-on effects for a mostly cash-based economy has also been followed by a spree of changing regulations for deposit, withdrawal and usage of currency, causing more chaos and confusion. The court would hear the matter on Friday. 2, it said.Anger rose among millions as a person can for now withdraw only Rs 24,000 per week through all withdrawals, but banks were forced to reduce the limit in some cases. Prime Minister Narendra Modi had claimed the crisis would not last more than 50 days.

 

People queue up at an ATM to withdraw cash in New Delhi. The earlier deadline was December 15.Mr Jaitley’s comments came on a day when the finance ministry announced that under proposed laws, there would not be any tax on jewellery legally inherited, acquired from disclosed sources, reasonable household savings or exempted income.The ministry also said that there would not be any seizure of gold jewellery to the extent of 500 grams per married woman, 250 grams per unmarried woman and 100 grams per male member of the family.

 

Union finance ministry Arun Jaitley admitted on Thursday that hardships being faced by people due to a massive cash crunch would remain for “one or two quarters”, but sought to assure that the government’s demonetisation drive would boost India’s economy in the long run. These are the first salaries credited since the two largest bills — 86 per cent of the total cash in circulation — were withdrawn.The ministry said on Thursday that the old Rs 500 notes would be accepted at petrol pumps and for airline tickets only till December

Couple these days consider de facto relationship is a happy one! It may be true because in the first place this type of commitment does not limit you to enjoy your freedom to the fullest. However, whether you are happy with it or in the process of getting involved in a de facto relationship because for you, it doesn’t matter if your personal interest is taking for granted, your legal and financial status perhaps can be a costly mistake. With that in mind, the court has made a necessary ruling of settlements of asset and properties to satisfy. And that couple who are into these relationships out of wedlock should satisfy the court is in fact de facto by law. If you doubt about this law, you can ask a better and legal advice from reputable family lawyer sydney cbd.

 

What You Should Know About ‘De Facto’ Relationships

 

1. Some people assumed they were part of ‘de facto’ couple, yet have been surprised when the court ruled the law which was introduced in 2009 to extend rights for de facto couples which do not apply to some.
2. When the de facto relationship wasn’t proven, there is no pre-nuptial financial agreement takes place or even if they have not registered their domestic relationship with their state’s Justice Department.

 

How to safeguard your future? Follow these steps:

 

In entering into a financial agreement with your de facto partner provides some certainty towards whom own what during the relationship and beyond a family lawyer Sydney cbd can assists you by bringing such document.

 

When the relationship breakdown, the document is such a big help to you and the court to prove a de facto status, and this way the property division rights applied similarly to a married could under the Family Law Act. The law also applies to same sex relationships.

Under de facto entitlement, one of the major features of this legislation is that de facto couples are now allowed to split superannuation between partners because these funds are considered part of jointly owned assets. In contrast to being in a de facto relationship for at least a year can reduce the level of benefits to which you are entitled.

 

Moreover, if the Department of Human Services identify that an applicant is living together with a partner.  Whether married or not and regardless of gender, it will take into account the combined assets and earnings of both partners before evaluating the level of the benefits to be paid to each of them. This will apparently result in a lower benefit for a person living as a couple.

 

What are the Benefits of having a ‘De Facto’ relationship?

 

Remember there are several numbers of final privileges in declaring de facto status. For example, the government provide a rebate for a private health insurance is huge for families compare with the singles, and a de facto couple is considered as families for this purpose.

 

In addition, partner to which aren’t married but with whom you have a unique domestic relationship can be assessed as the spouse in order to claim income tax concessions. And when you register your de facto relationship with the suitable state authority, your legal rights and responsibilities are the same to those of married couples.

 

In this event, your partner died – you definitely be entitled to share in the interstate estate and financial assistance under the Succession Act. At the same time, you will receive compensation under Workers Compensation law and social security privileges under Commonwealth Social Security Act.

 

 

If I had any romantic ideas of what life in the Warhol Factory was like in the mid 60s, they are gone now. Mary Woronov paints a dismal picture of no-talented drag queens, drug addicts and losers who gravitated toward a talented artist who was just as talented in the art of using people. For that matter, she does not portray herself very well either, Woronov comes across as a violent speed addict who hated men and people in general unless they were further down in the gutter than she was. What makes this book interesting is that the author is a survivor outlasting most of the Warhol coterie and, if you've seen any of her post-Warhol work, turned into an actress of more talent than those who bit the dust before her. What I missed in this often depressing book is learning how she managed to regain her life after years of abuse. Instead we get the tunnel without seeing the light at the end. Woronov does show an amazing ability to place emotions in print and I give her credit for not idealizing herself or her factory colleagues. Yet this book was just too depressing for me and gave me little insight on what made the Warhol scene in the 60s so magnetic to some and so influential to others.