Citizens Financial News

Also Read:Israel-Hamas War LIVE Updates: Palestinians struggle for safety as Israel pounds sealed-off Gaza Strip "The Secretary will also reaffirm the United States' solidarity with the government and people of Israel," the statement said. State Department spokesperson Matthew Miller said that Blinken "looks forward to meeting with senior leaders in the Israeli government and continuing the discussions he and the president have been having with them since the initial attacks on Saturday..." Blinken will also discuss measures to bolster Israel's security and underscore the United States' unwavering support for Israel's right to defend itself, the statement added.

Key Takeaways

Reuters reported. Peskov also cautioned that the conflict had the potential to spread to neighbouring regions. Also Read:Israel-Hamas War LIVE Updates: Palestinians struggle for safety as Israel pounds sealed-off Gaza Strip During talks with Iraqi Prime Minister Mohammed Shia Al-Sudani, Putin took the chance to link the considerable increase in violence to the United States' long-standing policy in the region.

Israel-Hamas war that claimed more than 1,500 lives on both sides so far. “It was Hamas' stated purpose to annihilate the state of Israel and kill Jewish people. There are moments in this life – and I mean this literally – when pure, unadulterated evil is unleashed on this world.

The United Nations’ human rights commission of inquiry says it is investigating “war crimes committed by all sides” of the rapidly escalating violence in Israel and Gaza following Saturday’s surprise attack by Hamas militants, which has ignited fears of a bigger regional escalation.

Congress on Tuesday said there are no differences in the party on the CWC resolution on Hamas and reminded the BJP of former prime minister Atal Bihari Vajpayee favouring the cause of Palestinian people, after the ruling party slammed it for not referring to the terror attack on Israel in its resolution. The Congress came under attack from the Bharatiya Janata Party (BJP) for allegedly supporting Hamas and the Palestine cause, without referring to the attack on Israel. Congress's deputy leader in the Lok Sabha Gaurav Gogoi said there are no differences within the party over the CWC document, which has favoured a resolution of the Palestine issue through dialogue.

Hamas and Israel, Kerala Chief Minister Pinarayi Vijayan has written to External Affairs Minister S Jaishankar seeking intervention to ensure the safety of Indian citizens in Israel. «A good number of people around 7000 are from the state of Kerala. The continuing hostilities are putting these civilians to extreme hardship and their family members are in a state of extreme anxiety,» Vijayan said in the October 9 dated letter to the Union Minister Jaishankar. «I request your good self to intervene in every possible manner to ensure the safety of our citizens in Israel,» the Kerala chief minister wrote. A woman from Kerala working as a caregiver in Israel was injured in the conflict on Saturday. On Monday, the CPI-M Kerala Secretariat in a statement had urged the central government to take steps to ensure the safety of the Keralites stuck in Israel.

₹2 crore, with effect from October 9, 2023, according to the PSU bank. “We are pleased to offer attractive interest rates to customers, enabling them to earn higher assured returns.

Bank of Baroda has increased interest rates on Domestic Retail Term Deposits, including NRO and NRE Term Deposits, by up to 50 basis points across various tenors of up to 3 years. In a statement, the bank said these rates are applicable on deposits below Rs 2 crore, with effect from October 9, 2023.

Mint has reported about the fifth round of this exchange of information, with Switzerland sharing the details of nearly 36 lakh financial accounts with 104 countries. Funds parked by Indian citizens and companies in Swiss banks, including through India-based branches and other financial institutions, are reported to have declined by 11% in 2022 to 3.42 billion Swiss francs (nearly ₹30,000 crore) from 3.83 billion Swiss francs in 2021, according to data from Switzerland’s central bank in June. This was largely due to a steep drop in customer deposits.

Also read: PPF, Sukanya Samriddhi, SCSS, NSC interest rates for December 2023 quarter announced; check here

Bank of India has upgraded its savings accounts for all segments which cover salaried employees, households, individuals, youth, etc. “The bank is poised to grow its Savings customer base with these newly upgraded Savings Accounts which are now enriched with the finest features, concessions & insurance cover," said Rajneesh Karnatak, MD & CEO of Bank of India.

Private sector lender HDFC Bank has hiked the benchmark marginal cost of funds-based lending rates (MCLR) by up to 10 basis points (bps) on select tenures. According to the Bank's website, the new rates are effective from October 7, 2023. 

Hamas is currently holding a “substantial” number of people hostage, according to Israel’s military, as fears grow that those could include foreign nationals from up to 12 different countries who are missing after the militant group’s unprecedented attack.

Bank of Baroda has hiked interest rates on fixed deposit (FD) rates by up to 50 basis points (bps) across various tenors for up to 3 years. These rates are applicable on deposits below ₹2 crore, with effect from October 9, 2023.

Chinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets.

Meghalaya, including Rajya Sabha Member Wanweiroy Kharlukhi, who were stranded in Israel, have successfully crossed over to Egypt and are expected to reach India soon. A senior Meghalaya official, preferring anonymity, informed ET, «They are currently in Egypt and are expected to return to India in the near future.» Meghalaya Chief Minister Conrad K. Sangma mentioned on October 7 on social media platfom X, formerly known as Twitter, «27 citizens of Meghalaya who traveled for the Holy Pilgrimage to Jerusalem are stuck in Bethlehem due to the tension between Israel and Palestine.

Click here! Gaza depends on Israel largely for its basic supplies and such a decision will have far-reaching consequences for 2.3 million people living in the densely populated area, the report said. The "complete siege" of the Gaza Strip comes amid Israeli air strikes in which nearly 500 Palestinians are believed to have been killed. The streets of Gaza for the last two days have looked completely deserted, and wary commoners were seen looking to stock up basic needs speculating about the imminent harsh attack.

«We extend our deepest condolences to the victims and to the families of all those affected, and wish those injured a speedy recovery.

FD tenures, while hiking it on others. Banks like HDFC Bank and Yes Bank have reduced interest rates in October. Here is the list of banks that have reduced fixed deposit interest rates in October 2023. Axis Bank After the latest revision, Axis Bank offers interest rates between 3% and 7.10% on tenures ranging from 7 days to 10 years.

Joe Biden's $6 billion prisoner-swap deal with Iran is now under the spotlight after militant group Hamas, long backed by Iran, staged one of the bloodiest attacks on Israel in years. Some Republicans are trying to link Biden to attack. Nikki Haley, one of the Republican presidential candidate for 2024 polls, alleged that allowing Iran access to the billions of dollars improves its budget situation, letting it use the money elsewhere. «Let's be honest with the American people and understand that Hamas knows, and Iran knows they're moving money around as we speak, because they know $6 billion is going to be released. That's the reality,» she said. US Secretary of State Antony Blinken has however said that there is not evidence yet of «Iran directed or was behind this particular attack, but there’s certainly a long relationship.» Fighting between Israel and Hamas militants continued for the third day, which is likely to drag on. More than 1,100 people have been killed in Palestinian group Hamas's surprise assault on Israel on Saturday and Israel's retaliation.