Citizens Financial News

CNBC-TV18 has reported. As per the report, both grain-based and molasses-based ENA will be exempted from GST. The report further added that the council also agreed to exempt ENA from VAT when supplied for industrial purposes.

₹2 crore. The bank has reduced FD rates by up to 25 basis points (bps) on some tenures. After the latest revision, the bank offers interest rates between 3.25% to 7.25% to general citizens, and 3.75% to 8% to senior citizens on FDs maturing in seven days to ten years , according to the Yes Bank's website.

assembly elections in five states, the Election Commission on Friday told poll observers to be visible, accessible, neutral and ethical in their functioning. Addressing over 1,100 observers, Chief Election Commissioner Rajiv Kumar directed them to ensure a level-playing field by working in a coordinated manner to ensure free, fair and inducement-free polls. The observers will be deployed for the forthcoming elections to the legislative assemblies of Mizoram, Chhattisgarh, Madhya Pradesh, Rajasthan and Telangana.

More companies are borrowing against their assets, including inventory and receivables, as finance chiefs look to bolster liquidity amid financial stress from inflation and high interest rates. Asset-based loans have a particular appeal for chief financial officers during periods of economic uncertainty. The draw: Companies don’t need to meet the same types of leverage and performance requirements included in loans based on a company’s cash flow.

stray dogs by feeding them is important, it should not lead to chaos and endanger the public. Chief Justice Prasanna B Varale and Justice Krishna S Dixit, presiding over a public interest litigation (PIL) regarding the alleged delay in implementing the Animal Welfare Board's guidelines by the state government, stated that citizens who feed dogs have a duty to ensure that their actions do not cause inconvenience or health risks to others. The High Court expressed its concern over the government's delay in responding to the PIL and directed them to rectify their behavior within three weeks by filing objections.

Congress general secretary Priyanka Gandhi Vadra on Friday said if her party retains power in Chhattisgarh after the upcoming assembly polls, a caste census will be carried out in the state on the lines of a similar exercise conducted in Bihar. Addressing 'Nagariya Nikaay Evam Panchayati Raj Mahasammlen', an event of the Congress government in Chhattisgarh's Kanker district, she also promised ten lakh houses for the poor if her party gets elected again in the polls due by the year-end. Hitting out at the BJP-led government at the Centre, Gandhi alleged it is for the rich and has no concern for the poor or the middle class. «If the Congress party again elected to power in Chhattisgarh, a caste census will be carried out in the state on the lines of a caste survey conducted in Bihar,» she said.

Fincare Small Finance Bank has revised fixed deposit interest rates on amounts below Rs 2 crore, according to the official website of the bank. The bank offers interest rate between 3% to 8.51% for general citizens for tenure ranging from 7 days to 10 years. For senior citizens, the bank offers interest rates between 3.60% to 9.11% interest. Also read: Higher FD interest rates to continue as RBI holds repo rate; how to get best returns from fixed deposits For fixed deposits maturing in 1000 days, the general public can receive an interest rate of 8.51% Senior folks will receive an interest rate of up to 9.11% for the same duration.

Fixed deposit interest rates vary depending on the term, amount, tenure, and bank. Many banks offer their higher interest rates on 2–3-year tenures. Here is a comparison of fixed deposit interest rates of 2-3 year tenures of leading banks such as SBI, HDFC Bank, ICICI Bank, PNB, and Canara Bank. Also read: Higher FD interest rates to continue as RBI holds repo rate; how to get best returns from fixed deposits

BJP on Friday said the regular arrests of senior AAP leaders in corruption cases have torn its claim of «kattar» (hardcore) honesty and politics of values to shreds, asserting that it also provides «food for thought» to citizens that this is not the time for experimental politics when the country is marching ahead. Bharatiya Janata Party (BJP) spokesperson Sudhanshu Trivedi cited a Delhi court's observations that the material placed before it nowhere shows that Rajya Sabha MP Sanjay Singh's arrest in the excise policy case is unwarranted and unreasonable, as he slammed the Aam Aadmi Party's (AAP) condemnation of the action against its leader.

Sebi), which has stepped up efforts to develop municipal bond issuances, recently brought together stakeholders in the country's nascent civic debt market and urged them to raise money using this route to offer better infrastructure to citizens. According to sources, Sebi held a two-day outreach programme on municipal bonds and financing during October 3-4 at Jaipur with officials from the ministry of housing and urban affairs, the finance ministry, municipal corporations, stock exchanges, credit rating firms, merchant bankers, debenture trustees, lawyers, and institutional investors. Ashwani Bhatia, whole-time member, Sebi, delivered the keynote address, highlighting how municipal bodies could use funds raised through bond issuances for infrastructure development, sources said. Pointing out the smaller scale of the municipal bond market vis-a-vis the government bond market or global civic debt markets, Bhatia emphasised the potential for municipalities to improve infrastructure while being fiscally responsible, they said. Thara D, additional secretary of the housing ministry, said that the government would support municipal corporations wishing to access debt markets for funds, while Baldeo Purushartha, joint secretary, department of economic affairs from the finance ministry urged civic bodies to identify viable projects and plan for sustainable development. Sebi officials raised awareness about an information database run by the market regulator, pointing out that the platform includes a repository of data on municipal bonds.

The Philippines has a long history of trying to attract Filipino American citizens and their families to come and add to the economy

I am a senior citizen living in the UK for some years now and earn interest income from NRO (non-resident ordinary) and NRE (non-resident external) deposits in India, rental income from property at Bengaluru, as well as capital gains on sale of some old shares in August. Is it true that a senior citizen is not required to pay advance tax? —Name withheld on request Under Indian tax law, a taxpayer is required to pay advance tax when the total tax liability exceeds ₹10,000 in a financial year.

Philadelphia Phillies take on their arch-rival Atlanta Braves in their NL Division Series match on Saturday, many things will be at stake for both of the teams. The Braves won their sixth consecutive National League East title and they will meet Phillies for a second straight postseason clash. Last year, Philadelphia scored victories in the best-of-three Wild Card Series and met Atlanta. Braves Manager Brian Snitker said at that time that the Phillies scared him as much as any team in the game.

Life Certificates now, the process started on October 1. There is a special provision for pensioners aged 80 years and above to submit their life certificates in October. A pensioner can either submit the certificate physically, by visiting banks, post offices, or online.

small savings schemes. Just like fixed deposits (FDs), recurring deposits (RDs) are also popular investment tools among people, especially salaried and senior citizens. The recurring deposit scheme provides an opportunity to build up savings through regular monthly deposits of fixed sum over a period of time.

The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024.

The Republic of Uzbekistan has approved new regulations for issuing licenses for cryptocurrency mining activities.

State Bank of India (SBI) on Wednesday launched 'Mobile Handheld Device' to provide banking services to its financial inclusive customers. The move is aimed at enhancing accessibility, convenience in availing banking services and to empower financial inclusion and extend essential banking services to the masses. «The Mobile Handheld Device is set to revolutionize banking accessibility by bringing kiosk banking directly to customer’s doorstep.

According to numerous media reports, India has asked Canada to sharply reduce the number of diplomats it has in the country. This is a significant move as Canada’s mission in India is among its largest anywhere in the world. It may also reflect that the spat between the two countries hasn’t cooled just yet.

HDFC Bank, IndusInd Bank, Punjab & Sindh Bank have also revised FD interest rates on their term deposits. The private sector lender IndusInd Bank has revised its interest rates on fixed deposits of less than ₹2 crore Following the revision, the bank is now offering interest rates ranging from 3.50% to 7.85% for the general public and 4.25% to 8.25% for senior citizens. According to the bank's official website, these rates are effective from 1 October 2023.

The president-elect of the Maldives says he's sticking to his campaign promise to remove Indian military personnel stationed in the archipelago state, promising he will initiate the process