Citizens Financial News

Supreme Court on Tuesday adjourned for a week the hearing on a plea filed by former JNU student Umar Khalid seeking bail in a case lodged under anti-terror law UAPA over his alleged involvement in the conspiracy behind the northeast Delhi riots of February 2020.

Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters.

Jawan is set to shake up the traditional cinematic timetable. For the first time in Bollywood history, shows will commence as early as 5 AM on the film's opening day. This has caught the attention of residents across various Indian cities who have been clamouring for similar early screenings.

Ministry of Home Affairs has issued a look-out circular (LOC) against three Chinese citizens involved in a mega online Ponzi scam. The LOC was issued at the request of the Inspector General of the Odisha Economic Offence Wing (EOW), JN Pankaj in the Bureau of Immigration. The three Chinese citizens (two men and one woman) were the main accused and close associates of Guanhua Wang who was one of the main accused in the mega online Ponzi scam. The three Chinese nationals have been identified as Liu Huan, Wenhui Zheng and Xu Xiaolu. The case pertains to EOW Case No.19/2023 under sections 419, 420, 467, 468, 471, 120-B of the IPC, sections 66-C and 66-D of the IT Act and section 6 of the Odisha Protection of Interests of Depositors Act. The case related to a pan-India online Ponzi scam involving fraud and siphoning off hundreds of crores of rupees out of India using a complex network of mule bank accounts, shell companies/ firms and crypto-traders. Earlier in July, a LOC was issued against Guanhua Wang (40), the mastermind of the Ponzi scam who is a resident of Hangzhou in China. Wang along with the Chinese nationals came to India in 2019 and stayed in Bangalore for a few months. They created at least 14 shell companies to run various cyber-financial frauds.

New Delhi has gotten a makeover ahead of this week’s summit of the Group of 20 nations

Iran significantly slowed the pace at which it is accumulating near-weapons-grade enriched uranium in recent months, the United Nations’ atomic agency reported on Monday, a move that could ease tensions with the U.S. and help open the way to broader negotiations over its nuclear program. According to a confidential International Atomic Energy Agency report, Iran added 7.5 kilograms—about 16.5 pounds—of 60% enriched uranium in the three months to August, far less than the 51.8 kilograms it added in the previous six months.

G20 Summit this weekend, it's best to prepare ahead. Delhi Traffic Police has set up tight security measures for this high-profile event, where world leaders like US President Joe Biden, Canada's Prime Minister Justin Trudeau, and others will gather. In view of the G20 summit, citizens of New Delhi have been curious about some common questions such as what remains open and what remains closed during the event.

If you are investing in Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF), Sukanya Samriddhi Yojana or any other Post Office small savings scheme, you should submit your Aadhaar to the concerned post office or bank branch in September. Not doing so may result in your small savings account getting frozen. However, there is no need to worry if you have already submitted your Aadhaar earlier.

Mathura, the birthplace of Lord Krishna is known for celebrating Janmashtami with grandeur. However, this year the Janmashtami celebrations at Shri Krishna Janmasthan Temple will be dedicated to the Indian Space Research Organisation (ISRO) scientists who helped create history by making the Chandrayaan-3 mission successful.

Prime Minister Narendra Modi's government hopes the elaborate effort to make New Delhi sparkle — a “beautification project" with a price tag of $120 million — will help showcase the world’s most populous nation’s cultural prowess and strengthen its position on the global stage. But for many street vendors and those crammed into New Delhi's shantytowns, the makeover has meant displacement and loss of livelihood, raising questions about the government's policies on dealing with poverty. In a city of more than 20 million people, the 2011 census had the homeless at 47,000 but activists say that was a vast underestimate and that the real number is at least 150,000.

The Indian Army is encouraging its soldiers to engage in social service during their leave periods, contributing to the nation's development. This initiative aims to utilise the soldiers' unique skills and experiences to enhance nation-building efforts. Soldiers are encouraged to partake in activities such as educating local communities about government schemes like Swachh Bharat Abhiyan and Sarva Shiksha Abhiyan, as well as delivering talks in primary schools on topics such as hygiene, cleanliness, road safety, and patriotism stated officials in an interview with Hindustan Times.

A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste.

retirement and aims to provide market-based returns over the long term. Here’s how to join the NPS.Prerequisites Any citizen of India between 18 and 70 years of age can open the NPS account.Modes of opening The account can be opened by visiting any point of presence service provider (PoP-SP). These can be banks, financial institutions, or other entities.

Food delivery platforms, restaurant chains and food services companies have urged the government to allow deliveries as part of "essential services similar to the pandemic lockdowns", ahead of the G20 summit. The government has announced a series of restrictions and closures and said New Delhi will be considered a «controlled zone». «Food and groceries are essential services. These deliveries were permitted even during Covid-19 lockdowns.

Vivek Ramaswamy said on Sunday that while he expects to become the party's nominee for the November 2024 US elections, but will vote for Donald Trump if the former president secures the nomination. Appearing on a Sunday talk show, the 38-year-old Indian American entrepreneur also expressed his intention to pardon Trump, who currently faces an array of legal challenges, should he be elected as President of the United States. «If Donald Trump's the nominee — yes, I will support him, and if I'm the president, yes, I will pardon him because that will help reunite the country.

BJP MLA Rajkumar Imo Singh said that an FIR has been filed under various sections by a concerned citizen of the state, for a hate post against the official Facebook page of Kuki Times, where it has openly threatened to bomb Imphal city starting from chief minister's residence. He said that strict action should be initiated against such people. Singh stated in a post on X (formerly Twitter),«I urge people across all communities to show some restrain and instead work towards bringing peace. Peace can only be brought when violence stops and political dialogue starts involving all sections of the society.» In the FIR lodged at Imphal west police station the person stated, «A complaint for taking up strict legal action against the accused person(s) for committing offence under Section 120-A, 121, 121-A, 124, 153-A, 5|1 and Section 13, 18 of the UAP Act, 1967 so as to punish them in accordance with law.

Kirkuk, a northern Iraqi city, following violent confrontations between rival demonstrations by Kurdish and Arab residents. The clashes have prompted Prime Minister Mohammed Shia al-Sudani to order extensive security operations in the affected areas.

Debt crisis is a matter of great concern for the world, especially developing countries, Prime Minister Narendra Modi has said, as India looks at building consensus at the upcoming G20 summit to evolve a tangible framework to help the debt-ridden low income economies. In an exclusive interview to PTI late last week, Modi said India's G20 presidency has placed a significant emphasis on addressing the global challenges posed by debt vulnerabilities, especially for nations in the Global South. «The debt crisis is indeed a matter of great concern for the world, especially developing countries. Citizens from different countries are keenly following the decisions being taken by governments in this regard. There are some appreciable results too,» Modi said. «First, countries that are going through debt crisis or have gone through it, have begun to give greater importance to financial discipline,» Modi said. «Second, others who have seen some countries facing tough times due to the debt crisis are conscious of avoiding the same missteps,» Modi said. Under its G20 presidency, India has been consistently highlighting the need for a framework on debt restructuring to help countries facing mounting debt problems.

This special FD aims in protecting income of senior citizens by providing additional interest on their term deposits. It was introduced in the year 2020.Interest Rate According to the SBI website, “Additional premium of 50 bps (over and above existing premium of 50 bps) over card rate for Public i.e., 100 bps over card rate for Public.”Payment of Interest Term Deposit — At monthly/ quarterly interval Special Term Deposit- On maturity Interest, net of TDS, shall be credited to Customer Account Special Term Deposit, interest is paid on maturity, net of TDS, shall be credited to customer account.

Aditya L1 LIVE Updates Citizen who want to watch the joyous moment can visit the BM Birla Planetarium on Saturday. Other than the live telecast of the space launch, a science talk on the ‘Sun and Aditya-L1 mission’ will also be held, Director of BM Birla Science Centre and Planetarium K G Kumar said on Friday. Also read: ISRO chief shares update on India's upcoming missions, says ‘After Aditya L1, our next launch is…’ "An open house quiz on ‘Our Sun’ is also scheduled to be conducted at 12 pm tomorrow.

Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Post office deposits, and other small savings schemes must submit their Aadhaar number to the post office or bank branch by the end of this month. Missing this important deadline will result in getting their small savings investments frozen. PAN and Aadhaar number has become mandatory for making investments in small savings schemes like PPF, SSY, Senior Citizens Saving Scheme (SCSS), etc.