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Wealthy clans now swear by ‘family constitution’ codifying not just money matters, but value system | India News

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…

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NSO: Out-of-pocket spending still drives hospitalisation costs

Despite a substantial increase in the coverage of health insurance or finance schemes, which only cover inpatient treatment, between 2017-18 and 2025, out-of-pocket expenditure by patients and their families still accounts for almost all of the spending on hospitalisation. This was revealed in the latest household consumption survey on health conducted by the National Statistical…

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