Aware Financial News

The Owino Market in Uganda's capital has long been a go-to enclave for rich and poor people alike looking for affordable but quality-made used clothes, underscoring perceptions that Western fashion is superior to what is made at home

Fixed deposit (FD) rates have increased in the last year. FDs are quite popular among senior citizens. Although FDs are known for their safety and insurance coverage up to ₹5 lakh per account, the post-tax returns may not be as competitive. Yes, if you are getting an interest rate of 7 per cent on a term deposit, it does not mean that you will be getting the same post-tax deductions.

By Emma Rumney

unclaimed deposits to the Reserve Bank of India's Depositor Education and Awareness Fund. To claim the funds from this fund, you will need to establish contact with the RBI. Several public sector banks in India now require both savings and current accounts to be classified as inoperative if there have been no transactions in the account for a period exceeding two years, aligning with the directives set forth by the RBI.

UPI) transfers, to deter offshore platforms illegally offering gambling and betting in India after finding several new ones have mushroomed. The government found as many as 114 illegal betting and gambling platforms operating in India through domain farming, people aware of the details told ET. The measures may include tax collection at source (TCS) on UPI payments, actively tracking and blocking unregistered online gaming firms and a stricter verification process, people aware of the details told ET.

Aakash Chaudhry — the promoter of Aakash Institute — is likely to return as the chief executive officer of the company as part of a broader arrangement being finalised with its owner Byju’s, multiple people aware of the matter said. Chaudhry is also in final stages of talks to close the stock-swap deal with Byju’s as part of the acquisition announced about two years ago, the people said. He would replace incumbent Abhishek Maheshwari who left Aakash Institute last month.

crude oil prices and tightening global monetary conditions pose a risk, said chief economic advisor (CEA) V Anantha Nageswaran. The geopolitical situation needs to be closely watched, he told ET on the sidelines of the International Monetary Fund (IMF) and World Bank meetings in Marrakech, Morocco. «At the moment, we do not see it (developments in West Asia) as something that causes an immediate and significant economic impact, but we will need to watch it closely,» said Nageswaran. He said India's retail inflation is likely to be plus or minus 20 basis points of the Reserve Bank of India's 5.4% forecast for this financial year. A basis point is a hundredth of a percentage point. «But the fact that inflation has come down sharply tells us very clearly that what we experienced in June, July and August was seasonal, rather than something fundamental. Overall, inflation is not a big concern,» said Nageswaran. The CEA said capital investments by the private sector rebounded in 2021-22 and 2022-23.

Indian Railways is exploring options to avoid a possible goods and services tax (GST) levy on payouts it makes to its exclusive freight track network. According to officials aware of the developments, the tax authorities have indicated 18% GST on remittances made by the Railways to the ₹1.24 lakh crore Dedicated Freight Corridors (DFC) for usage. This payout is in the form of a track access charge (TAC) which presently hovers upwards of ₹7,000 crore annually.

Glacial Lake Outburst Flood (Glof) warning sensor systems in Sikkim, the Centre is set to review the existing Glof scenario and formulate a full-fledged early warning system (EWS) for Himalayan states prone to such hazards. ET gathers that a high-level meeting has been called this week in New Delhi to look at developing a robust and advanced EWS for all the high-risk states and areas. The meeting will look at four key aspects. First, identification of all Glof-prone lakes in Sikkim, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Ladakh and Jammu & Kashmir.

NEW DELHI : Engine maker Pratt & Whitney has informed the Singapore International Arbitration Centre (SIAC) that it will deliver engines to Go First only after the grounded airline starts flying again, two people aware of the development said. In July, the SIAC had directed the American company to supply five engines every month to the airline, beginning on 1 August.

New Delhi: The government has asked public sector banks to focus on robust risk management practices and mitigate cyber security risk as part of the three-year strategic roadmap designed for them to further strengthen the sector and prevent build up of bad debts. A review of banks by the finance ministry is expected later this month that will evaluate reform goals of each bank individually and prepare a medium-term strategy to maintain the positive momentum in the banking sector, two persons aware of the development said.

United States have perished in Hamas attacks in Israel, a U.S. State Department spokesperson confirmed on Saturday.

BJP is planning to field more OBC candidates in upcoming assembly elections to counter the caste census plank of the Congress. In his rallies in Madhya Pradesh, Rajasthan and Chhattisgarh, Rahul Gandhi has been talking about a caste census and equitable distribution of resources to OBC communities. The BJP's plan is to present itself as the party which is offering more soaps to the OBC community. In Madhya Pradesh, the party has announced 136 candidates.

Therefore, Berger Paints India Limited has introduced an innovative range of waterproofing products — Berger DAMPSTOP. These meticulously formulated products offer versatile solutions for various waterproofing needs, including dampness, silane treatment, and salt leaching treatment. In today's fast-paced world, builders and homeowners rarely have the time to allow concrete structures to cure properly, which can significantly impact the longevity of a building.

Congress' first list of candidates for the Chhattisgarh Assembly polls will be released on Sunday, Chief Minister Bhupesh Baghel said. Assembly polls will be held in two phases on November 7 and 17, while votes will be counted on December 3. «Tomorrow the first list of candidates of our party will be released.

JERUSALEM (Reuters) — The Israeli army said on Saturday it was aware of the incident in southern Lebanon in which a Reuters journalist was killed and that it was being investigated.

MUMBAI : MCX is planning to offer shorter duration futures contracts on select commodities and options on commodity indices, two people aware of the matter said, in a move that could significantly increase its turnover. This follows the market regulator allowing the commodities exchange go live on Tata Consultancy Services Ltd’s new commodity derivatives platform from 16 October. MCX is one of four Sebi-recognized national exchanges that runs the largest commodity derivatives segment (CDS), accounting for around 98% market share.

A government audit of one of Canada’s largest Muslim charities alleges some of its directors and employees were involved in “an apparent Hamas support network.”

“Sunday ho ya Monday, roz khao unday!” (Whether it’s Sunday or Monday, be sure to have an egg!) Remember, this ‘egg’cellent campaign launched by the National Egg Coordination Committee (NECC) in the 1980s? Although eggs were always a part of the desi diet, it was this campaign that got us to fall in love with eggs in a big way! In the ‘80s, the poultry industry was (barely) hanging by the thread, due to unscrupulous middlemen, who purchased eggs from poultry farmers at low prices and sold them to the customers at high rates. Dr BV Rao of Venkateshwara Hatcheries decided to form the NECC in 1980, to protect the interests of poultry farmers and ensure clients get good quality eggs at affordable prices.

If the blood flow gets disrupted even a bit, it can result in a heart attack or even death. For example, if blood clots form in your blood vessels, or a chamber in your heart, it can create a blockage in blood flow and lead to a life-threatening emergency. This phenomenon is called thrombosis. Every year, World Thrombosis Day is observed on October 13. The International Society on Thrombosis and Haemostasis has set aside this day, to create more awareness about this health condition. Thrombosis comes in two categories — Arterial thrombosis and venous thrombosis. Arterial thrombosis is a health condition wherein blood clots form in the artery. Arteries control blood regulation to the rest of your body. If they get blocked, it may cause a stroke. In the case of venous thrombosis, blood clots form in the veins. In advanced stages, they occur in the lungs (pulmonary embolism).

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