Citizens Financial News

BJP and Congress over memorial space for former Prime Minister Manmohan Singh, BJP leader Gaurav Bhatia, in a counter attack, asked Congress the reasons for not building a memorial and not giving the «deserved» funeral to former PM PV Narasimha Rao.

Elon Musk, the billionaire CEO of Tesla and SpaceX, vowed to go to «war» to defend the H-1B visa program for foreign tech workers late on Friday amid a dispute between President-elect Donald Trump's longtime supporters and his most recently acquired backers from the tech industry.

Italy’s parliament has approved the government’s 2025 budget, worth about 30 billion euros ($31 billion) in tax cuts and social security contributions for low-income citizens

Delhi Lieutenant Governor Vinai Kumar Saxena has initiated inquiry into the allegation that «non-government» people are collecting personal details of residents of Delhi in the name of registration for Aam Aadmi Party's (AAP) proposed welfare scheme 'Mahila Samman Yojana'.

Air Quality Management on Friday revoked GRAP-III in Delhi and neighbouring regions, keeping GRAP-II, I in place to control the pollution levels in the national capital.

Subscribe to enjoy similar stories. In 1991, India was facing political and economic instability. We had a minority government under P.V.

Donald Trump issued starkly contrasting Christmas messages Wednesday, with the latter doubling down on recent comments about seizing the Panama Canal, buying Greenland and annexing Canada.

Ministry of Defence has launched the 'Rashtraparv' website and mobile app to provide citizens with easy access to information about national festivals organised by the ministry.

Subscribe to enjoy similar stories. Today, 25 December, is a very special day for all of us. Our nation marks the 100th jayanti of our beloved former prime minister, Shri Atal Bihari Vajpayee ji.

Graded Response Action Plan (GRAP) in Delhi and the National Capital Region (NCR) following an improvement in air quality.

Subscribe to enjoy similar stories. 2024 has revealed starkly the insufficiency of 20th century economics to solve problems of runaway climate change, inequitable growth, and the rise of authoritarian governments. Economics became the imperial science for driving public policy in the 20th century.

Air India flight last Friday saw a 'record' intake of in-flight alcohol by passengers from the 'dry state', it is this: repressed supply heightens demand. While the value of liquor sold has not been shared by Air India, the fact was that enthusiasm for purchasing 50 ml miniature bottles of a whisky brand for ₹600 and 330 ml of a beer brand for ₹300 was undoubtedly higher than in usual international flights that couldn't be simply explained by Christmas cheer. That Gujarat has a thriving black market for alcohol is well known. While the loss of tax revenue has been estimated to be over ₹16k cr (about $2 bn), the real worm in the bottle has been the hazard posed for many in the form of illicit liquor. By dint of being contraband, no quality control applies to these non-branded concoctions. So, the virtue-signalling in 'dry states' like Gujarat and Bihar is actually viceful. The 'hooch tragedy' claiming 136 lives in Ahmedabad in 2009 still hangs as a warning — not for the dangers of drinking but of prohibition. At a wider level, a 'mai-baap' state treating its citizens as children creates a split-personality citizenry that is moral and amoral at the same time. Whether it be consumption of alcohol or pornography, or gambling, 'sins' have a human tendency of finding dark avenues when prohibited. Instead of 'Gandhian virtue-signalling', efforts should be made to provide safe alcoholic beverages for those who choose to partake in such an adult leisure. To club everyone who imbibes in drink to be a menace — socially or morally, or both — is a recipe for the kind of exaggerated behaviour witnessed on the way to Bangkok.

Most major banks have a cut-off age of 60 for credit cards, with a few allowing those up to 70 years of age to apply for one. This prevents many senior citizens from getting credit cards even if they fulfill the income and credit score criteria. However, there are workarounds.

fixed deposits are preferred methods to save money. FDs are considered a reliable way to increase your investments as they provide fixed returns. Fixed deposits provide stability and security in contrast to stock market investments, which are susceptible to changes in market conditions.

Union Budget 2025, anticipation is building across sectors. Personal finance enthusiasts and taxpayers alike are curious about what the Budget proposals will mean for their pockets. For this week’s cover story, we reached out to industry experts, tax professionals and financial advisers to know what they want to see in the Finance Bill 2025. Some of these expectations, such as a separate deduction for life insurance, lower tax on annuities and higher tax exemption for senior citizens, are longstanding demands and are unlikely to be fulfilled. However, North Block may find some other suggestions worth considering. For instance, one expert has suggested that taxpayers be rewarded with a group life insurance linked to the taxes they pay. As little as 1% of the tax paid by an individual can go into paying the premium of a group insurance cover equal to five times the tax paid. Another expert has suggested steps that could make the NPS more attractive to investors. The ultra low-cost scheme has everything that one looks for in a pension plan, but it is still not the preferred investment vehicle for retirement planning. Perhaps more tax benefits are needed to push people towards a scheme that can help them retire in comfort.

GST Council Meeting Live Updates: Union Finance Minister Nirmala Sitharaman is chairing the 55th meeting of the Goods and Services Tax (GST) Council which is underway in Jaisalmer of Rajasthan on Saturday.The participants in the meeting include the Minister of State for Finance, Pankaj Chaudhary, Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya and Odisha.The Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan and Telangana are also present in the meeting along with the Finance Ministers of States/UTs, Secretary of Department of Revenue, Chairmen and Members of Central Board of Indirect Taxes & Customs (CBIC) and other senior officials of the Finance Ministry.GST Council Meeting Live Updates: The Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan and Telangana are also present in the meeting along with the Finance Ministers of States/UTs, Secretary of Department of Revenue, Chairmen and Members of Central Board of Indirect Taxes & Customs (CBIC) and other senior officials of the Finance Ministry.GST Council Meeting Live Updates: Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax."States did not feel comfortable.

Luigi Mangione shot to the headlines after becoming the prime suspect in the killing of UnitedHealthcare CEO Brian Thompson, for which a manhunt went on for days on end until Thompson was captured. NYPD officials had a few field days trying to nab a suspect in this shocking incident, and tried to use every resource at their disposal, and even federal authorities tried to assist them in the case.