VK News Today https://validator.w3.org/feed/docs/rss2.html ‘Michael’ shatters box office records for music biopics with USD 217.4 million opening | Megan Thee Stallion gets emotional during ‘Moulin Rouge!’ performance following CHEATING scandal and split with Klay Thompson | AI-generated image Mumbai: A growing number of wealthy Indian families, often nudged by younger members, are adopting a “family constitution”, a document that lays out the principles governing wealth creation, philanthropy, succession planning, and the family’s larger sense of purpose. Part legal blueprint, part moral compass, these charters attempt to codify not just money matters, but also the family’s value system. Reflecting a changing social landscape, many charters now grapple with questions older business dynasties would once have avoided: What happens if a gay family member marries abroad? Should a daughter who chooses ceramics or music over the family enterprise lose financial rights? How does one accommodate family members who reject traditional expectations? Youngsters driving charter adoption “A family constitution is a guiding charter that seeks to establish a framework for the family, rooted in its ethos and values, rather than functioning as a conventional legal binding document,” says Jahnavi Kohli, partner at ANB Legal, heading the private client practice, who has recently observed an enormous rise in families approaching her to draft such documents. “What is most evident today is that everyone wants an equal seat at the table,” she notes. The real significance of these charters lies in how they signal a move away from the era of the powerful patriarch, whose toxic grip over family wealth often bred resentment and eventual fracture. Lack of clarity combined with simmering egos have sparked countless Mahabharatas within Indian business families. Yet, there could be covert forms of control. For instance, many constitutions, especially among ultra-wealthy multi-generational families, call for an annual ‘retreat’ at which all family members must be present – much like the ones that unfold in the twisted comedy shows like ‘Succession’ or ‘The Perfect Couple’. Defined as a ‘family retreat’, that Maldives vacation with Dadaji and Dadiji then gets written off as a business expense. Each branch of the family can also go on separate holidays, but the constitution allocates the maximum amount that can be spent by each person, or requires fuel reimbursement if the helicopter or jet has been used beyond a defined number of trips. “Philanthropy forms a very important part of this charter,” says Nitaa Shivdasani, managing director and head of HERitage Waterfield Advisors. “One client said he wanted to work on protecting marine life, so our philanthropy team strategically found projects which work in that area. Many families want to contribute to medical research, especially towards cancer,” she adds. Clauses in different documents lay out the minutiae of what can or cannot be done. For example, one says: Charity shall not be done for publicity. Or, there might be specifics about what kinds of charities are permissible. Another charter warns against mixing business with friendship, stating: The family recognizes that entering into business dealings with friends and relatives can cause strain on relationships and will refrain from such transactions, or do so only with the prior approval of the Family Business Board. “Today, people are OK with openly talking about money and how to navigate distribution within one’s lifetime rather than waiting for the elders to pass on,” says Zeherra Mecklai, a wealth managerin this area. “The ideas are coming from the bottom up, not top down. Youth want to take charge. We have US-return youngsters coming to us saying, please help us set up a family charter for our family office.” The fast-growing family office is essentially an entity that manages wealth of affluent families – looking at investments and intergenerational transfer and distribution within the lifetime, including ring-fencing assets within private trusts, a common practice to protect assets in the event of, say, a divorce. Family offices in India have grown significantly in 5-6 years, reflecting both new wealth creation and the aspiration for family branding. Covid forced many to confront mortality and plan succession. The family office, an old practice among old-wealth in Europe and US, has since become a status symbol. “When someone says, ‘I manage our family office’ it is a euphemism for ‘I have serious money’,” says a wealth manager. The family office often comes into effect when there has been a “liquidity event”, the term used to describe the sale of a business or property that generates a lot of cash. Investment experts suggest a minimum combined asset base of Rs 100 crore makes it worthwhile to create a family office. And with the family office comes the constitution. “I actually find addressing the non-financial aspects more difficult,” says Delhi businessman Sanjay Goyal, who is in the process of working on his family charter.End of ArticleFollow Us On Social MediaVideos“Fix Delhi And Pahalgam First” West Bengal CM Mamata Banerjee Launches Fierce Attack On BJP“TMC’s Time Is Over” Amit Shah Tears Into TMC Over Infiltrators During Bengal RallyPassport Row Escalates: Pawan Khera Approaches Supreme Court After Gauhati HC Rejects Bail PleaBJP MP Sudhanshu Trivedi Attacks TMC, Raises RG Kar Case And Law And Order ConcernsPM Narendra Modi To Inaugurate 594 Km Ganga Expressway In Uttar Pradesh On April 29“India Expands Global Trade Reach” Union Minister Piyush Goyal On NZ FTAMarathi Mandatory In Maharashtra From May 1 |CM Fadnavis Pushes Language Rule For Auto, Taxi Drivers“TMC Is Protecting Goons In Sandeshkhali” PM Modi’s Big Charge At RallyBJP Destroyed All Good Work” Kejriwal Says Schemes Will Be Scrapped In West BengalAAP Seeks Disqualification Of 7 Rajya Sabha MPs Who Joined BJP, Legal Battle On Anti-Defection Law123Photostories7 radiant baby girl names that symbolise sunshineFrom facing trolls over husband Shardul Bayas’ past divorces to choosing not to have kids, Nehha Pendse opens up about her career, marriage, and lifeRhea Chakraborty gets relief in Sushant Singh Rajput case: What court said on unfreezing bank accounts and what it meansEat smart for every organ: Foods that support your lungs, liver, gut, and eyes6 foods that spoil faster than most people realise in summerCan a low birth weight increase stroke risk even in healthy adults?Growing persimmon at home? These 5 tips make it surprisingly easy9 foods you should avoid grinding in a mixer grinder’Greenland 2: Migration’ OTT release: Gerard Butler to Morena Baccarin, know all about the cast and charactersUTI symptoms you shouldn’t ignore: How a simple infection can lead to kidney damage123Hot PicksTamil Nadu ElectionWest Bengal voter turnoutAssembly Election 2026Mamata BanerjeeTamil Nadu voter turnoutAmit ShahPM ModiTop TrendingRaghav Chadha Joins BJPTamil Nadu electionAP SSC Class 10 resultsRRB opens qualificationAIIMS B.Sc. coursesJac Class 12 ResultPatrick MahomesBengal PollsNirmala SitharamanIPL Orange Cap ‘Madgaon Express 2’ is officially HAPPENING; Divyenndu shares the script being developed by Kunal Kemmu Dharmendra Pradhan (File photo) New Delhi: Signalling the next phase of reforms to be undertaken by the National Testing Agency, Union education minister Dharmendra Pradhan told TOI the focus will be on creating a “stress-free exam”, alongside developing a global-standard SOP for conducting “zero error exams”.”This (stress-free exam) is the biggest challenge before the NTA, and we are working towards a globally benchmarked system,” Pradhan said.The minister said the agency currently conducts tests for over one crore candidates annually and will have to “face the challenges and progress from the experiences so far”. “With over one crore candidates appearing in NTA exams, we must continuously learn from experience, address gaps, and strengthen systems to deliver fair, transparent and reliable assessments,” he said.The next phase follows the recommendations of the high-level committee chaired by former ISRO chief K Radhakrishnan, constituted in June 2024 after multiple disruptions in national-level entrance exams. The panel had submitted a set of recommendations on strengthening exam security, institutional restructuring, and improving transparency in evaluation and grievance redressal.”The reforms are guided by expert recommendations and are aimed at building a robust, technology-driven and accountable testing ecosystem,” the minister said.The ministry has also moved to standardise exam protocols across formats.About the AuthorManash Pratim GohainManash Pratim Gohain is a seasoned journalist with over two decades at The Times of India, where he has built a rich body of work spanning education policy, politics, and governance. Renowned for his incisive coverage of the National Education Policy (NEP) 2020, accreditation reforms, and skilling initiatives, he has also reported on student politics, urban policy, and social movements. His political reportage—both reflective and news-driven—adds depth to his writing, bridging policy with public impact. Through his 2,500 articles and related outlets, he has emerged as a trusted voice in national discourse, particularly in linking education reform to broader societal change.Read MoreEnd of ArticleFollow Us On Social MediaVideos“Fix Delhi And Pahalgam First” West Bengal CM Mamata Banerjee Launches Fierce Attack On BJP“TMC’s Time Is Over” Amit Shah Tears Into TMC Over Infiltrators During Bengal RallyPassport Row Escalates: Pawan Khera Approaches Supreme Court After Gauhati HC Rejects Bail PleaBJP MP Sudhanshu Trivedi Attacks TMC, Raises RG Kar Case And Law And Order ConcernsPM Narendra Modi To Inaugurate 594 Km Ganga Expressway In Uttar Pradesh On April 29“India Expands Global Trade Reach” Union Minister Piyush Goyal On NZ FTAMarathi Mandatory In Maharashtra From May 1 |CM Fadnavis Pushes Language Rule For Auto, Taxi Drivers“TMC Is Protecting Goons In Sandeshkhali” PM Modi’s Big Charge At RallyBJP Destroyed All Good Work” Kejriwal Says Schemes Will Be Scrapped In West BengalAAP Seeks Disqualification Of 7 Rajya Sabha MPs Who Joined BJP, Legal Battle On Anti-Defection Law123Photostories7 radiant baby girl names that symbolise sunshineFrom facing trolls over husband Shardul Bayas’ past divorces to choosing not to have kids, Nehha Pendse opens up about her career, marriage, and lifeRhea Chakraborty gets relief in Sushant Singh Rajput case: What court said on unfreezing bank accounts and what it meansEat smart for every organ: Foods that support your lungs, liver, gut, and eyes6 foods that spoil faster than most people realise in summerCan a low birth weight increase stroke risk even in healthy adults?Growing persimmon at home? These 5 tips make it surprisingly easy9 foods you should avoid grinding in a mixer grinder’Greenland 2: Migration’ OTT release: Gerard Butler to Morena Baccarin, know all about the cast and charactersUTI symptoms you shouldn’t ignore: How a simple infection can lead to kidney damage123Hot PicksTamil Nadu ElectionWest Bengal voter turnoutAssembly Election 2026Mamata BanerjeeTamil Nadu voter turnoutAmit ShahPM ModiTop TrendingRaghav Chadha Joins BJPTamil Nadu electionAP SSC Class 10 resultsRRB opens qualificationAIIMS B.Sc. coursesJac Class 12 ResultPatrick MahomesBengal PollsNirmala SitharamanIPL Orange Cap IPL 2026: Angkrish Raghuvanshi out explained — should Rishabh Pant have withdrawn the appeal? ‘Euphoria Season 3’ episode 3: When and where to watch the latest development on the Sydney Sweeney and Zendaya starrer Hyderabad comic’s show in Bengaluru disrupted over 2-year-old jokes on Andhra Pradesh CM N Chandrababu Naidu MHA New Delhi: The next round of discussions between the home ministry and Ladakh representatives on safeguards for the region will resume on May 22 – as announced by Ladakh LG VK Saxena in a post on X Sunday – and may look at ways to strengthen elected local bodies with legislative powers and offer further safeguards to the Ladakhi people in matters related to land, culture and employment, among others.The talks – resuming after almost three months – come in the wake of revocation of activist Sonam Wangchuk’s detention under NSA, seen by experts as a conciliatory move by the Centre to earn the trust of Ladakhi groups. The home ministry had, while releasing Wangchuk, cited a commi ment to “fostering an environment of peace, stability and mutual trust in Ladakh to facilitate constructive and meaningful dialogue with stakeholders”.In early Feb, the ministry had heard the demands of Ladakh bodies Apex Body Leh and Kargil Democratic Alliance. The Ladakhi leaders were told to come back with a revised proposal. Ministry sources said they expected to hear back on it at the May 22 meeting.About the AuthorBharti JainBharti Jain is senior editor with The Times of India, New Delhi. She has been writing on security matters since 1996. Having covered the Union home ministry, security agencies, Election Commission and the ‘prime’ political beat, the Congress, for The Economic Times all these years, she moved to TOI in August 2012. Her repertoire of news stories delves into the whole gamut of issues related to terrorism and internal strife, besides probing strategic affairs in India’s neighbourhood.Read MoreEnd of ArticleFollow Us On Social MediaVideos“Fix Delhi And Pahalgam First” West Bengal CM Mamata Banerjee Launches Fierce Attack On BJP“TMC’s Time Is Over” Amit Shah Tears Into TMC Over Infiltrators During Bengal RallyPassport Row Escalates: Pawan Khera Approaches Supreme Court After Gauhati HC Rejects Bail PleaBJP MP Sudhanshu Trivedi Attacks TMC, Raises RG Kar Case And Law And Order ConcernsPM Narendra Modi To Inaugurate 594 Km Ganga Expressway In Uttar Pradesh On April 29“India Expands Global Trade Reach” Union Minister Piyush Goyal On NZ FTAMarathi Mandatory In Maharashtra From May 1 |CM Fadnavis Pushes Language Rule For Auto, Taxi Drivers“TMC Is Protecting Goons In Sandeshkhali” PM Modi’s Big Charge At RallyBJP Destroyed All Good Work” Kejriwal Says Schemes Will Be Scrapped In West BengalAAP Seeks Disqualification Of 7 Rajya Sabha MPs Who Joined BJP, Legal Battle On Anti-Defection Law123PhotostoriesFrom facing trolls over husband Shardul Bayas’ past divorces to choosing not to have kids, Nehha Pendse opens up about her career, marriage, and lifeRhea Chakraborty gets relief in Sushant Singh Rajput case: What court said on unfreezing bank accounts and what it meansEat smart for every organ: Foods that support your lungs, liver, gut, and eyes6 foods that spoil faster than most people realise in summerCan a low birth weight increase stroke risk even in healthy adults?Growing persimmon at home? These 5 tips make it surprisingly easy9 foods you should avoid grinding in a mixer grinder’Greenland 2: Migration’ OTT release: Gerard Butler to Morena Baccarin, know all about the cast and charactersUTI symptoms you shouldn’t ignore: How a simple infection can lead to kidney damage5 moments when you should never scold your child (and what to do instead)123Hot PicksTamil Nadu ElectionWest Bengal voter turnoutAssembly Election 2026Mamata BanerjeeTamil Nadu voter turnoutAmit ShahPM ModiTop TrendingRaghav Chadha Joins BJPTamil Nadu electionAP SSC Class 10 resultsRRB opens qualificationAIIMS B.Sc. coursesJac Class 12 ResultPatrick MahomesBengal PollsNirmala SitharamanIPL Orange Cap ‘Achanak se phenk diya’: Rinku Singh laughs off Super Over catch after guiding KKR to win over LSG with 83 run-knock NSO: Out-of-pocket spending still drives hospitalisation costs Aamir Khan and girlfriend Gauri Spratt turn Junaid Khan and Sai Pallavi’s ‘Ek Din’ event into family affair; star couple attends event with their sons – WATCH Aquarius Horoscope Today, April 27, 2026: Keep your wallet closed today unless it’s planned West Bengal polls: ‘Give me votes, I’ll give you freedom,’ says PM Narendra Modi in Matua belt Shooting proves need for White House ballroom: Trump Supreme Court New Delhi: A court can reject anticipatory bail of an accused but it has no jurisdiction to direct him to surrender before the trial court, Supreme Court has said. A bench of Justices J B Pardiwala and Ujjal Bhuyan made the observation while hearing a plea filed by a man accused of cheating and forgery. “If the court wants to reject the anticipatory bail, it may do so, but the court has no jurisdiction to say that the petitioner should now surrender,” the bench observed. Jharkhand high court had rejected anticipatory bail plea of the accused, asking him to surrender and seek regular bail. In this case, a complaint had been filed before a magistrate alleging offences under sections 323 (voluntarily causing hurt), 420 (cheating), 467 (forgery of valuable security), 468 (forgery for purpose of cheating), 471 (using forged document) and 120B read with 34 of the IPC in connection with a land dispute. The high court had dismissed the second anticipatory bail application of the accused on the ground that no new circumstances were shown.End of ArticleFollow Us On Social MediaVideos“Fix Delhi And Pahalgam First” West Bengal CM Mamata Banerjee Launches Fierce Attack On BJP“TMC’s Time Is Over” Amit Shah Tears Into TMC Over Infiltrators During Bengal RallyPassport Row Escalates: Pawan Khera Approaches Supreme Court After Gauhati HC Rejects Bail PleaBJP MP Sudhanshu Trivedi Attacks TMC, Raises RG Kar Case And Law And Order ConcernsPM Narendra Modi To Inaugurate 594 Km Ganga Expressway In Uttar Pradesh On April 29“India Expands Global Trade Reach” Union Minister Piyush Goyal On NZ FTAMarathi Mandatory In Maharashtra From May 1 |CM Fadnavis Pushes Language Rule For Auto, Taxi Drivers“TMC Is Protecting Goons In Sandeshkhali” PM Modi’s Big Charge At RallyBJP Destroyed All Good Work” Kejriwal Says Schemes Will Be Scrapped In West BengalAAP Seeks Disqualification Of 7 Rajya Sabha MPs Who Joined BJP, Legal Battle On Anti-Defection Law123PhotostoriesFrom facing trolls over husband Shardul Bayas’ past divorces to choosing not to have kids, Nehha Pendse opens up about her career, marriage, and lifeRhea Chakraborty gets relief in Sushant Singh Rajput case: What court said on unfreezing bank accounts and what it meansEat smart for every organ: Foods that support your lungs, liver, gut, and eyes6 foods that spoil faster than most people realise in summerCan a low birth weight increase stroke risk even in healthy adults?Growing persimmon at home? These 5 tips make it surprisingly easy9 foods you should avoid grinding in a mixer grinder’Greenland 2: Migration’ OTT release: Gerard Butler to Morena Baccarin, know all about the cast and charactersUTI symptoms you shouldn’t ignore: How a simple infection can lead to kidney damage5 moments when you should never scold your child (and what to do instead)123Hot PicksTamil Nadu ElectionWest Bengal voter turnoutAssembly Election 2026Mamata BanerjeeTamil Nadu voter turnoutAmit ShahPM ModiTop TrendingRaghav Chadha Joins BJPTamil Nadu electionAP SSC Class 10 resultsRRB opens qualificationAIIMS B.Sc. coursesJac Class 12 ResultPatrick MahomesBengal PollsNirmala SitharamanIPL Orange Cap IPL 2026: ‘Nandri Chennai’ – Shubman Gill shares special post with yellow whistle after GT beat CSK ‘Dhurandhar 2’ box office collection day 39: Ranveer Singh’s film continues to soar; mints Rs 3.40 cr amid ‘Michael,’ ‘Bhooth Bangla’ buzz Pisces Horoscope Today, April 27, 2026: A calm evening at home will suit you better than crowded plans ‘It affects me a bit’: Vaibhav Sooryavanshi opens up on criticism after duck vs SRH Iranians can call us but they must agree to no nukes, else no point in meeting: Trump ‘Bhooth Bangla’ box office collection Day 10: Akshay Kumar’s horror comedy narrowly misses the Rs 180 crore worldwide mark Daily Career Horoscope, April 27, 2026: Success, challenges, and breakthroughs; Know about your career Babar Azam ‘bowled’ by Shaheen Afridi’s 1-year-old son; fans react – WATCH ‘Love Insurance Kompany’ box office collections day 17: Pradeep Ranganathan’s futuristic romance nears Rs 60 cr worldwide Sagittarius Horoscope Today, April 27, 2026: If starting a venture, keep a clear budget From shock to ‘staged’: Conspiracy theories hit the ground running after White House press dinner shooting Libra Horoscope Today, April 27, 2026: Work moves smoothly if you keep the pace steady US gunman sent anti-govt writings to family minutes before shooting Capricorn Horoscope Today, April 27, 2026: Differences of opinion with spouse can turn into argument Ice creams, chocolates may cost you more as prices of raw materials rise Neymar excluded from official World Cup sticker album: Clearest sign his World Cup journey is over? | International Sports News India’s domestic consumption strongest shield against global shocks: Sitharaman Sai Pallavi gives emotional speech at ‘Ek Din ki Mehfil’ event with Aamir Khan and Junaid Khan; apologises for poor Hindi grammar – WATCH ‘Trade deal to provide huge opportunities’: Piyush Goyal ahead of India-New Zealand FTA signing ‘No room for complacency’ Govt looks at relief measures for airlines as war continues ‘Michael’ box office collection Day 3: Jaafar Jackson starrer nets Rs 16 crore debut weekend; outperforms Ranveer Singh’s ‘Dhurandhar 2’ on week 6 Summer travel gets dearer on conflict, weak rupee Ameesha Patel on losing Aamir Khan’s Lagaan, working with Shiney Ahuja, addresses claims of Akshay Kumar using a teleprompter Scorpio Horoscope Today, April 27, 2026: Let money grow like a plant, not like a fire Not democracy but TMC reign of terror prevails in Bengal: Rahul | India News Virgo Horoscope Today, April 27, 2026: Don’t mix romance with money arguments NIA NEW DELHI: The govt on Sunday ordered an NIA probe into the seizure of 79 crude bombs the previous day in Bhangar, a minority pocket and flashpoint near Kolkata where TMC is locked in a high-stakes duel with a smaller rival in the April 29 polls. The bomb haul needs to be probed for a larger conspiracy and national security threats, govt said. Cops found the bombs, jute ropes, etc in an abandoned house. No arrests have been made so far. “The case is related to illegal storage of explosives to endanger lives and property, thereby intending to create fear,” govt said.End of ArticleFollow Us On Social MediaVideos“Fix Delhi And Pahalgam First” West Bengal CM Mamata Banerjee Launches Fierce Attack On BJP“TMC’s Time Is Over” Amit Shah Tears Into TMC Over Infiltrators During Bengal RallyPassport Row Escalates: Pawan Khera Approaches Supreme Court After Gauhati HC Rejects Bail PleaBJP MP Sudhanshu Trivedi Attacks TMC, Raises RG Kar Case And Law And Order ConcernsPM Narendra Modi To Inaugurate 594 Km Ganga Expressway In Uttar Pradesh On April 29“India Expands Global Trade Reach” Union Minister Piyush Goyal On NZ FTAMarathi Mandatory In Maharashtra From May 1 |CM Fadnavis Pushes Language Rule For Auto, Taxi Drivers“TMC Is Protecting Goons In Sandeshkhali” PM Modi’s Big Charge At RallyBJP Destroyed All Good Work” Kejriwal Says Schemes Will Be Scrapped In West BengalAAP Seeks Disqualification Of 7 Rajya Sabha MPs Who Joined BJP, Legal Battle On Anti-Defection Law123PhotostoriesFrom facing trolls over husband Shardul Bayas’ past divorces to choosing not to have kids, Nehha Pendse opens up about her career, marriage, and lifeRhea Chakraborty gets relief in Sushant Singh Rajput case: What court said on unfreezing bank accounts and what it means6 foods that spoil faster than most people realise in summerCan a low birth weight increase stroke risk even in healthy adults?Growing persimmon at home? These 5 tips make it surprisingly easy9 foods you should avoid grinding in a mixer grinder’Greenland 2: Migration’ OTT release: Gerard Butler to Morena Baccarin, know all about the cast and charactersUTI symptoms you shouldn’t ignore: How a simple infection can lead to kidney damage6 Indian foods that were shaped by the Mughal eraAncient Indian wisdom in modern life: Lessons from the Bhagavad Gita123Hot PicksTamil Nadu ElectionWest Bengal voter turnoutAssembly Election 2026Mamata BanerjeeTamil Nadu voter turnoutAmit ShahPM ModiTop TrendingRaghav Chadha Joins BJPTamil Nadu electionAP SSC Class 10 resultsRRB opens qualificationAIIMS B.Sc. coursesJac Class 12 ResultPatrick MahomesBengal PollsNirmala SitharamanIPL Orange Cap SS Rajamouli’s ‘Varanasi’ starring Mahesh Babu and Priyanka Chopra eyeing Spanish release post CCXP Mexico debut? Kejriwal tried to stop defections, but it was a case of too little, too late | India News Leo Horoscope Today, April 27, 2026: Jupiter supports wise saving today, not loud spending Mamata cites ‘load-shedding’, warns against ‘EVM capture’ | India News Weekly Horoscope, April 27 to May 2, 2026: Read weekly astrological predictions Delhi cop shoots dead delivery worker, injures his friend after argument; arrested