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For employees, a job is about more than just the paycheck—elements like work-life balance, career development and a positive <keyword id="20375714" type="General" weightage="20" keywordseo="workplace-environment" source="keywords">workplace environment</keyword> play crucial roles. This broader perspective extends to a national level too, with highly <keyword id="20614079" type="General" weightage="20" keywordseo="skilled-professionals" source="keywords">skilled professionals</keyword> increasingly drawn to countries that offer a more inclusive and progressive atmosphere. A recent study from Washington State University underscores this notion, revealing that European countries which embraced <keyword id="20026331" type="General" weightage="100" keywordseo="same-sex-marriage" source="keywords">same-sex marriage</keyword> saw a significant boost in retaining their top talent. This shift had considerable economic repercussions, particularly in influencing the flow of skilled workers to the United States. <cmsannotation type="cmsannotation" annotationid="Uncovering the link between marriage equality and skilled labour retention" comment="subhead" text="Uncovering the link between marriage equality and skilled labour retention">Uncovering the link between <keyword id="1660336" type="General" weightage="20" keywordseo="marriage-equality" source="Orion">marriage equality</keyword> and <keyword id="22603926" type="General" weightage="20" keywordseo="skilled-labour-retention" source="Orion">skilled labour retention</keyword></cmsannotation> The study, recently published in AEA Papers and Proceedings, analysed 20 years of data on H-1B visas—those coveted permits for immigrants with advanced degrees and specialised skills. The research team’s choice to focus on EU countries was a strategic one, leveraging the shared labour market within this political and economic union for a more precise analysis of marriage equality’s effects. The EU also provided a natural experiment: by 2019, roughly half of the 27 member states had legalised same-sex marriage, while the remaining 14 had not, creating a perfect control group for comparison. The results revealed that from 2000 to 2019, as 13 EU countries adopted same-sex marriage laws, the U.S. experienced a 21% decline in new H-1B visas from these countries. This trend persisted despite differences in enactment dates and economic conditions across the EU. The study also considered the effect of the U.S. recognising foreign same-sex marriages in 2013. Notably, this policy change slowed the decrease in H-1B visa admissions from EU countries with existing marriage equality laws, such as The Netherlands, Belgium and Spain. Koroles Awad, a Ph.D. candidate in economics at WSU, emphasised that <keyword id="21934841" type="General" weightage="20" keywordseo="inclusive-policies" source="keywords">inclusive policies</keyword> make countries more attractive to skilled labour. This finding underscores the broader economic benefits of marriage equality beyond just social progress. Awad further noted that marriage equality could act as a non-monetary incentive for attracting and retaining highly sought-after skilled workers, particularly in STEM fields. Building on previous U.S. studies showing that same-sex couples and households led by women were more likely to relocate to states recognising same-sex marriage, this new research broadens the understanding of how inclusive policies affect migration patterns. Although this study doesn’t address the sexual orientation of H-1B visa holders, it clearly indicates that the appeal of inclusive environments is a significant factor for skilled professionals.

Inclusivity pays off: Countries with same-sex marriage retain skilled professionals more effectively, per study

Defending its 2019 law criminalising <keyword id="20415107" type="General" weightage="100" keywordseo="triple-talaq" source="keywords">triple talaq</keyword>, the Centre has told the <keyword id="19895345" type="General" weightage="20" keywordseo="Supreme-Court" source="keywords">Supreme Court</keyword> that the practice is "fatal" for the social institution of <keyword id="19896575" type="General" weightage="20" keywordseo="marriage" source="keywords">marriage</keyword>. In an affidavit filed in response to petitions challenging the law, the Union of India said despite the top court setting aside the practice in 2017, it has "not worked as a sufficient deterrent in bringing down the number of divorces by this practice" among the members of the community. "It is submitted that Parliament in its wisdom has enacted the impugned Act to protect the rights of married <keyword id="19943278" type="General" weightage="20" keywordseo="Muslim-women" source="keywords">Muslim women</keyword> who are being divorced by triple talaq. "The impugned Act helps in ensuring the larger constitutional goals of <keyword id="20809677" type="General" weightage="20" keywordseo="gender-justice" source="keywords">gender justice</keyword> and <keyword id="20250318" type="General" weightage="20" keywordseo="gender-equality" source="keywords">gender equality</keyword> of married Muslim women and helps subserve their fundamental rights of non-discrimination and empowerment," the affidavit said. On 22 August 2017, the <keyword id="19936355" type="General" weightage="20" keywordseo="apex-court" source="keywords">apex court</keyword> had declared instant triple talaq (talaq-e-biddah) unconstitutional. On August 23, 2019, the top court agreed to examine the validity of the Muslim Women (Protection of Rights on Marriage) Act, 2019. Violation of the law entails imprisonment of up to three years. Two Muslim organisations -- <keyword id="22278513" type="General" weightage="20" keywordseo="Jamiat-Ulama-I-Hind" source="keywords" meta.keywordsubtype="org" meta.entityname="Jamiat Ulama-I-Hind" meta.hostid="261" meta.entityid="Jamiat Ulama-I-Hind">Jamiat Ulama-I-Hind</keyword> and Samastha Kerala Jamiathul Ulema -- have urged the court to declare the law "unconstitutional". Jamiat claimed in its petition that "criminalising a mode of <keyword id="19911325" type="General" weightage="20" keywordseo="divorce" source="keywords">divorce</keyword> in one particular religion while keeping the subject of marriage and divorce in other religions only within the purview of civil law, leads to discrimination, which is not in conformity with the mandate of Article 15".

Centre defends 2019 law on triple talaq in SC, says practice 'fatal' for marriage

India's services sector showed robust expansion in October, per the <keyword id="22267674" type="General" weightage="20" keywordseo="HSBC-India-Services-PMI" source="keywords">HSBC India Services PMI</keyword> (Purchasing Managers' Index), which rose to 58.5 last month, up from September's ten-month low of 57.7. October's figures managed to exceed even the long-run PMI average of 54.1, largely on the back of a strong sales pipeline and elevated demand. Employment, or job creation in this sector accelerated to its fastest growth rate in 26 months. Anticipating solid, sustained demand in the near term, firms added new employees at the most rapid pace in over 2 years. October also saw <keyword id="23834175" type="General" weightage="20" keywordseo="input-costs-rise" source="keywords">input costs rise</keyword> at their fastest pace in 3 months, indicating renewed demand and economic activity in the country. The ISM Services PMI, an indicator of the economic health of the US, also exceeded expectations, reaching 56.0 compared to the forecasted 53.8, suggesting strong growth within the services sector. "During October, the Indian services sector experienced strong expansions in output and consumer demand, as well as job creation, which achieved a 26-month high," said Pranjul Bhandari, Chief India Economist at HSBC. The sector saw increased business activity across multiple fronts, with export sales showing significant growth and companies reporting stronger demand from international markets including Africa, Asia, the Americas, the Middle East, and the UK. However, industry experts remain cautiously optimistic about the sector's prospects. Suman Chowdhury, Chief Economist at Acuité Ratings &amp; Research, noted that while the October recovery is promising, several factors warrant careful monitoring. “The recovery in the PMI indices in October 2024 is promising for the second half of the fiscal after the dip in several high-frequency indicators in September 2024. Industrial and service activity has expectedly received a boost from the anticipated spike in consumption demand in Q3 FY25, driven by the festivities and the marriage season," she said. Chowdhury added that it will be crucial to monitor the sustainability of these PMI indices at these elevated levels, given the reported weakness in urban demand in Q2 as flagged by FMCG companies. She also noted that potential increases in wholesale and core retail inflation, combined with higher input costs and wage pressures, could delay expected interest rate cuts. RBI governor Shaktikanta Das also noted that inflation and CPI figures for October might be elevated, pushing ahead any chances of interest rate cuts in the near future. Acuité Ratings &amp; Research maintains its GDP growth forecast at 7.0% for FY25 while acknowledging the multiple downside risks that will require close observation in the coming months.

India's Services Index jumps to 58.5 in October as employment grows the fastest in 26 months

<ul class="summary-list"><li>I've been married for 12 years but travel by myself often. </li><li>A coworker even asked me once if I was in an open marriage because of my solo travels. </li></ul>"Do you have an open marriage?" Perplexed by my coworker's question, I responded with a blank stare. "You're always solo traveling, but you're married. <a target="_blank" class="" href="https://www.businessinsider.com/open-relationships-now-im-monogamous-marriage-2023-7">Do you have an open marriage?</a>" he asked again.If you look at my social media, you will see that I have frequently <a target="_blank" class="" href="https://www.businessinsider.com/europe-solo-travel-woman-burnout-phd-academic-2024-3">solo traveled</a> throughout my 12-year marriage. I've hiked through Patagonia, slept in a treehouse in the Amazon in Peru, rode elephants in Jaipur, India, and taken a road trip in a motorcycle sidecar from Beijing to the Great Wall of China. Whenever I share these travel stories, it's only a matter of time before someone inquires, "Did your husband go with you?" While <a target="_blank" class="" href="https://www.businessinsider.com/solo-traveler-over-100-countries-best-travel-tips-lessons-2024-1">solo travel is seen as unconventional</a> for most long-term relationships, it has established trust, a greater sense of self, and strengthened the strong bond between my husband and me. <a target="_blank" class="" href="https://www.businessinsider.com/my-husband-and-i-take-solo-vacations-2021-12">Solo travel is my secret to a healthy marriage</a>.<h2 id="6437306c-9ac5-43e4-9430-0e710221e629">Maintaining a sense of autonomy in our relationship</h2>In 2010, I was a broke college student who was determined to travel as much as financially possible using my hard-earned tips from a bartending gig. That year, I decided to visit a place that had long been on my travel list: San Francisco.The timing of the trip wasn't great. As a student, I could only manage to travel during the December holidays, which are among the most expensive times to travel. As I began to consider canceling my trip, a friend of mine encouraged me to <a target="_blank" class="" href="https://www.businessinsider.com/how-to-use-couchsurfing-app-to-meet-locals-traveling-2018-1">try CouchSurfing</a>. The following week, I found myself at the corner of 18th Street and Lexington in <a target="_blank" class="" href="https://www.businessinsider.com/mission-district-is-more-hipster-than-brooklyn-2015-1">San Francisco's Mission District</a> to meet my Couchsurfing host, Matt. I never would have guessed that 16 months after meeting, we'd be married.Throughout our relationship, we have always recognized that we have dreams as a couple, but we also have individual dreams that shouldn't be put on the back burner. Those individual dreams give us a sense of joy and personal accomplishment that enables us to be our best selves within our relationship. Maintaining this sense of autonomy within our marriage has helped us to <a target="_blank" class="" href="https://www.businessinsider.com/signs-your-partner-resents-you-like-starting-fights-withholding-sex-2019-6">avoid any resentment</a>.<h2 id="a912a23e-287e-45a4-b975-4fee526b1ad2">I needed to prioritize self-care</h2>In the years that followed our 2012 wedding, life could best be described as often being very busy and loud. I worked in television for five years and co-own a summer camp with my husband. My phone had become my constant companion; the sounds of its rings and constant pings were the soundtrack of daily life. Solo travel allows me to slow down and remove the power that life's demands can have. I often travel to remote places that have limited access to Wi-Fi or cell service, so I'm forced to unplug from the world. When I travel solo, I am forced to sit with myself and examine things that are boiling under the surface. In 2022, I took solitude in Peru's Amazon rainforest. I used this time to dissect the deep unhappiness I had been experiencing and realized my job was eating me alive. I return from my solo travels relaxed, grounded, and in tune with what I want out of life — leading me to be my authentic self and creating a deeper connection with my husband.<h2 id="d7260ef5-dcab-4f65-a6a8-c501757d8105">Spending time apart reminds me of why we married</h2>The old saying is true, "Absence makes the heart grow fonder." As co-owners of a summer camp, our relationship is intertwined personally and professionally. It's easy to lose sight of your partnership's romantic side when managing a business together. Spending time apart reminds us of the reasons we got together in the first place and the qualities each of us brings to our relationship. Missing each other is good for the heart — those butterflies from your dating days begin to flutter again.It could also be said that we have both developed new love languages thanks to solo travel; it has created new ways for us to connect. My travels give me new stories to share with my husband, and I often return home to letters he has written to me while I've been away. I'm always sure to find some international delicacies to bring home to my husband, who is a big foodie — hot sauces from Colombia, ramen noodles kits from Japan, and coffee from Guatemala.When I say solo travel has changed my life, I mean it literally. A chance encounter that led to marriage would have never happened if I had chickened out on that winter day in 2010 and not shown up at those San Francisco cross streets.Doing things that social conventions frown upon has led to a life of continued self-growth and mindfulness and, in turn, a kind of deep happiness that makes you pinch yourself. Rather than fend off questions like my coworker's, I smile to myself because solo travel is my secret to a happy marriage.

Solo travel is my secret to a healthy marriage. Spending time apart reminds me of why we got married. 

<ul class="summary-list"><li>China's population shrinkage is having a big effect on its economy.</li><li>Marriage rates have halved over the last decade, with only 3.4 million couples marrying in the first half.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/why-is-china-population-falling-economy-deflation-evergrande-xi-jinping-2024-1">China's population has been shrinking</a> for the past two years, and the trend appears having a big impact on its economy, according to government data spanning the first half of 2024.Chinese consumers are pulling back on spending, a possible consequence of an aging population saving up for retirement, according to a recent <a target="_blank" href="https://rhg.com/research/no-quick-fixes-chinas-long-term-consumption-growth/">report</a> from the research firm Rhodium Group. Household savings have been rising over the last 11 years, the firm said, around the time China's working-age population peaked. Meanwhile, retail sales in the nation grew just 2% in June, well below the nation's pre-pandemic trend of 8% retail sales growth.Romance seems to be another victim of a shrinking population. Marriage rates continue to tumble, with 3.4 million couples tying the knot from January through June of this year. That's half the number of couples who got married in the same timeframe a decade ago, according to data from China's Ministry of Civil Affairs.Spending on romance looks to be particularly anemic. Diamond imports to China have slumped 28% over the first half of the year compared to the first half of 2023.Jewellers appear to be selling down their existing inventory of diamonds rather than placing new orders, De Beers, the world's largest diamond producer, said in a note."In China, the ongoing economic challenges, particularly within the property market and low consumer confidence, have delayed the expected recovery from the sharp decline in 2023," the miner said of its <a target="_blank" class="" href="https://www.debeersgroup.com/media/company-news/2024/interim-financial-results-for-2024">financial results</a> so far this year. "Although demand in the US has been steady and India remains robust, consumers in China are buying substantially fewer luxury products. Retailers are very cautious as they restock, creating higher than normal levels of midstream inventory."Waning sales and <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-aging-population-demographics-america-finance-markets-beijing-xi-2023-8">lower growth</a> stemming from an aging population could be a reason investment in the country has stalled. Foreign direct investment in China dropped $15 billion over the last quarter, the <a target="_blank" href="http://m.safe.gov.cn/safe/2023/1103/23426.html">second-biggest investment drop</a> in the last quarter century, according to government data.China's population, which is about 1.4 billion, declined for the second year in a row in 2023, with the nation losing over 2 million people as the death rate surpassed the birth rate. Its total population could halve by the end of the century, the <a target="_blank" href="https://population.un.org/wpp/">United Nations</a> projected in its latest World Population Prospects report, predicting that the nation could have just 770 million people in it by 2100.

China's population decline is having a big impact as marriages, diamond sales, and retail spending drop

The <keyword id="19946148" type="General" weightage="20" keywordseo="Karnataka-High-Court" source="keywords">Karnataka High Court</keyword> recently dismissed an appeal filed by a woman seeking Rs 6 lakhs in monthly <keyword id="20538992" type="General" weightage="20" keywordseo="alimony" source="keywords">alimony</keyword>, citing the lack of reasonable justification for the requested amount. <keyword id="22894144" type="General" weightage="20" keywordseo="Justice-Lalitha-Kanneganti" source="keywords">Justice Lalitha Kanneganti</keyword>, presiding over the case, found the petitioner's claim to be excessive and asked for more concrete figures regarding her actual expenses. The appeal, presented by Advocate Akarsh Kanade on behalf of the petitioner, sought the large sum to cover what was described as her “basic needs,” which included items such as bangles, chains, sandals, and watches. The court questioned whether such expenses constituted "basic needs" and noted that the petitioner did not have any dependents or children. <div type="twitter" handle="DeepikaBhardwaj" handlename="DeepikaBhardwaj" favoritecount="0" retweetcount="0" id="1826237815962907135"></div>According to the Bar and Bench, the court said that she has no responsibility for any other family member or children, “Does anybody spend this much? A single lady for herself?” During the hearing, the petitioner referenced her ex-husband’s preference for branded clothing, such as Calvin Klein t-shirts costing around Rs 10,000, arguing that she should be entitled to similar living standards. Additionally, she cited health concerns, including knee joint pain and fever, which she attributed to negligence during the marriage. Further, Judge Lalitha Kanneganti also refused to entertain the request, saying, “If she wants to spend, let her earn,” TOI reported. <h2>But how much alimony is considered fair in India?</h2>In India, alimony, also referred to as <keyword id="20027249" type="General" weightage="20" keywordseo="maintenance" source="keywords">maintenance</keyword>, is a key aspect of <keyword id="19911325" type="General" weightage="20" keywordseo="divorce" source="keywords">divorce</keyword> proceedings. This <keyword id="19972877" type="General" weightage="20" keywordseo="financial-support" source="keywords">financial support</keyword> is provided by one spouse to another, irrespective of the divorce grounds. The determination of alimony involves complex legal and financial assessments, taking into account factors such as the earning capacity of both spouses, their financial needs, the length of the marriage, and the lifestyle maintained during the marriage. The <keyword id="19900742" type="General" weightage="20" keywordseo="supreme-court-of-india" source="keywords">Supreme Court of India</keyword> has set a general benchmark for monthly alimony, where the husband may be required to pay 25% of his net salary to his estranged wife. While this guideline applies to monthly payouts, no specific rule exists for lump-sum settlements, though they typically range from one-fifth to one-third of the spouse's net worth. The calculation of alimony depends on various factors, such as: <ul><li>Monthly incomes of both spouses</li><li>Educational background and employment prospects</li><li>Duration of the marriage</li><li>Number of children and child custody arrangements</li><li>Husband's income, liabilities, and lifestyle</li><li>Reasonable needs and financial independence of the wife</li></ul>In case of the Karnataka woman, the court expressed its expectation that more reasonable figures be provided to support her request. "If you want an order from the court, I want actual figures, not these lakhs of figures," said Justice Kanneganti. The judge also stated that the court is not a place for bargaining and advised the petitioner to be realistic in her demands. While the petitioner’s counsel attempted to lower the alimony request, the court maintained that without a rational basis for the amount, the application could not be entertained. Justice Kanneganti emphasised that the appeal would be dismissed if a more reasonable claim was not presented. In its final remarks, the court suggested that the appeal could be denied solely on the grounds of being unreasonable, stressing the importance of presenting justified and fact-based requests in legal proceedings. <div type="Article" hostid="261" msid="112689204" title="Jennifer Lopez and Ben Affleck reportedly didn&amp;#39;t sign a prenup. Here are the assets they may have to split 50/50 in their divorce settlement." mstype="2" mssubtype="0"></div>

A Karnataka woman is being ridiculed for demanding an alimony of Rs 6 lakh monthly from her ex. Is this fair?

<ul class="summary-list"><li>Prince Manvendra Singh Gohil became <a href="https://www.insider.com/indias-first-openly-gay-prince-conversion-therapy-lgbtq-community-2022-4">India's first openly gay prince</a> when he came out to the public in 2006.</li><li>In October, India's top court rejected same-sex marriage, but Gohil said he remains optimistic about the future of LGBTQ+ rights in the country.</li></ul>This is an as-told-to essay based on a conversation with Prince Manvendra Singh Gohil, who became India's first openly gay prince when he came out in 2006. He is now an advocate for LGBTQ+ rights in India and the founder of <a href="https://www.lakshya-trust.org/" target="_blank" rel="noopener">Lakshya Trust</a>, a nonprofit organization dedicated to HIV/AIDS education and prevention. The essay has been edited for length and clarity.When I was growing up, there was no chance for me to find out my sexuality because we didn't have a counselor in school. I didn't have anywhere to go and talk about my behavior or this kind of feeling that I had.There was also absolutely no sex education in school, and parents felt shy to talk about sex. So children often grew up in confusion, not knowing about their sexuality. That was completely missing.But there's been a significant change in the mindset of the people. We've created a lot of allies: The <a href="https://www.facebook.com/SweekarTheRainbowParents/" target="_blank" rel="noopener">Rainbow Parents</a> association comprises of 200-plus parents from all over India who have accepted their children. The Indian Psychiatric Society <a href="https://indianpsychiatricsociety.org/ips-position-statement-regarding-lgbtq/" target="_blank" rel="noopener">resolved</a> that homosexuality should not be treated as a mental disorder, and has been working to ensure that mental health practitioners and doctors don't indulge in malpractice or unethical issues.<div type="image" title="Prince Manvendra Singh Gohil as a child" height="870" width="1161" msid="104627812" hostid="261" sizebytes="22888"></div>Bollywood and the media has changed a lot, too. The media used to use derogatory terms like calling LGBTQ+ people "unnatural," "abnormal," or "criminal," but that language has changed. Bollywood used to portray us as comical characters and jokers, but now, there are serious films about the issues we face.A major change is in the youth population — and the youth population of India is the largest in the world. There has been a lot of awareness and curiosity among students. They want to know a lot about us. I've already done 18 TED Talks in India, and they're all student-driven.Because students have become an ally, I have hope for India. They are the future of our country. If we are able to change their mindset and get them to understand our issues, then we can expect a bright future.<h2>On the Supreme Court's ruling rejecting gay unions</h2>Recently, India's Supreme Court <a href="https://www.nytimes.com/2023/10/17/world/asia/india-same-sex-marriage.html" target="_blank" rel="noopener">rejected same-sex marriage</a>. There has no doubt been disappointment around the ruling, but there have also been positive steps taken to ensure LGBTQ+ rights.<div type="image" title="Members of the Student Federation of India (SFI) along with LGBT activist hold placards and shout slogans during a protest march against India's Supreme Court verdict on same-sex marriage, in New Delhi on October 18, 2023." height="2862" width="3816" msid="104627815" hostid="261" sizebytes="598536"></div>The government's stance has long been that legalizing same-sex unions will affect the culture of the country, but that stance has softened to an extent when the government agreed that same-sex couples have been deprived of certain benefits that heterosexual couples enjoy.In 2018, <a href="https://www.insider.com/indias-supreme-court-legalized-gay-relations-2018-9">homosexuality was unanimously decriminalized in India</a>. In that case, they found that there were four fundamental rights in the constitution that were being violated. In this case, there were again five judges on the bench. Two were supportive to the LGBTQ+ community, and three were not. The majority won. But they did rule that transgender men and women have the right to marry.They also said that anyone who wishes to live together as a couple can legally do so without any stigma, discrimination, or violence against them. Many times, parents have used force to keep their gay children from living with their partners, and now the judgment has said that the state will protect couples from forced separation.The government also suggested to the Supreme Court that a committee be formed that can help look into issues that same-sex couples face, like setting up bank accounts, joint properties, inheritances and wills. That committee will be formed of government officials, mental health practitioners, and members of the LGBTQ+ community.<div type="image" title="Holy Hindu Saints and United Hindu Front stages agitation against the petition before same-sex marriage in Supreme Court , at Jantar Mantar on April 27, 2023 in New Delhi, India." height="4015" width="5354" msid="104627817" hostid="261" sizebytes="1216150"></div><h2>Solutions to work toward</h2>I am optimistic about the future of LGBTQ+ rights in India. I've worked with political representatives and parliamentarians, and we have created allies. I'm proud to say that I have an ally in each and every political party in India.For me, one ally is enough to make the change. I'm not a political person. I don't plan to run for elections or anything. But I do plan to continue making others realize our value, and that's how we win them over and get them on our side.Because there have been so many petitioners and advocates fighting for LGBTQ+ rights, the government has become more educated. So although the Supreme Court rejected the petition for same-sex unions, it's not a rejection without a solution.See, when you're rejecting something and not giving a solution, then that is a major disappointment. But there is a solution, and we should work on that solution. It's our duty to work on it.

I'm India's first openly gay prince. Even though the country's Supreme Court denied same-sex marriage, I'm optimistic about the future of LGBTQ+ rights.

<ul><li>Two <keyword id="6371692" type="General" weightage="20" keywordseo="partners" source="Orion">partners</keyword> can open a joint account as long as they have the necessary documentation in place. </li><li>The absence of legal recognition for same-sex marriages in the country renders joint applications for LGBTQ <keyword id="6372479" type="General" weightage="20" keywordseo="couples" source="Orion">couples</keyword> impossible. </li><li>The separation and death of the partner will not confer any special rights on any of the partners.</li></ul>In a recent verdict, the Supreme Court refused to give <a href="https://www.businessinsider.in/india/news/same-sex-marriage-verdict-cji-says-parliament-needs-to-effect-changes-in-law/articleshow/104488235.cms">legal recognition to same sex marriages</a> and asked the Parliament to look into the Special <keyword id="6355896" type="General" weightage="20" keywordseo="marriage" source="Orion">Marriage</keyword> Act regarding this. However, the apex court did instruct the Union, state and UT governments to ensure that the community is not discriminated against. This brings up the question about the financial rights of LGBTQ couples. As these couples grapple with legal and societal hurdles, comprehending and securing their financial rights has become a priority. We take a look into the legal and financial aspects of LGBTQ couples. <cmsannotation type="cmsannotation" annotationid="Opening a joint bank account" comment="Subhead" text="Opening a joint bank account">Opening a joint bank account</cmsannotation> There is no bar for opening joint accounts. “Any two individuals can open a joint account together, regardless of their relationship status. Most banks will also allow you to open FDs jointly,” says Adhil Shetty, CEO, BankBazaar, a financial marketplace. Hence, two partners can open a joint account as long as they have the necessary documentation in place, as RBI does not discriminate in terms of gender when it comes to opening and operating accounts. <cmsannotation type="cmsannotation" annotationid="Joint home and car loans" comment="Subhead" text="Joint home and car loans">Joint home and car loans</cmsannotation> You cannot apply for a <keyword id="6354730" type="General" weightage="20" keywordseo="home-loan" source="Orion">home loan</keyword> jointly. “If one wants to apply for a home loan jointly, one of the mandatory requirements is proof of relationship – which is to be provided irrespective of the joint applicant being a partner, a parent, a child, or siblings. In the case of a couple, a marriage certificate is required,” says Anny Ghosh, Senior Consultant, Alpha Capital, a wealth management firm. Basically, the absence of legal recognition for same-sex marriages in the country renders joint applications for LGBTQ couples impossible. “Many banks and financial institutions are working on putting policies in place, but the progress is slow in the absence of clear directives from the regulatory and legal bodies,” says Shetty. Not just for home loans, this is applicable to any loan to be taken jointly. <cmsannotation type="cmsannotation" annotationid="Financial implications of adopting children" comment="Subhead" text="Financial implications of adopting children">Financial implications of adopting children</cmsannotation> The law does not prohibit adoption based on sexual orientation. “However, LGBTQ members will be able to adopt as a couple if same-sex union gets legalised in India as live-in couples are not yet permitted to adopt a child in the country, " says Ghosh. Therefore, any child adopted by them will be the child of either of them who is recognised as the adopting parent. “This effectively means that for the purposes of inheritance and succession, the child will be recognized as the child of only one of them. The other partner will have to perforce confer the benefits of inheritance on the child through will,” says Mani Gupta, partner, Sarthak Advocates &amp; Solicitor, a full service law firm. <cmsannotation type="cmsannotation" annotationid="Financial implications of separation and death" comment="Subhead" text="Financial implications of separation and death">Financial implications of separation and death</cmsannotation> The separation and death of the partner will not confer any special rights on any of the partners. “This means that the surviving partner in case of death will not get any inheritance benefits unless such benefit has been conferred through will,” says Gupta. Upon separation, none of the partners will be entitled to maintenance or alimony from the other. Retirement and pensionary benefits of one will not flow to the other partner. <cmsannotation type="cmsannotation" annotationid="Inheritance and property rights" comment="Subhead" text="Inheritance and property rights">Inheritance and property rights</cmsannotation> The judgement effectively maintains the status quo on the inheritance and property rights. “This means that LGBTQ couples would not be able to claim to be spouses of each other, and therefore, would normally not be able to claim benefits of intestate succession (i.e. on account of death without a will),” says Gupta. The couple may, however, confer the benefits of inheritance by inheritance through a will.

You Searched For "india marriage" and got 8 results

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