Citizens Financial News

Narendra Modi, while addressing the 104th episode of his monthly radio program Mann Ki Baat, on Sunday said that India's G20 presidency is a ‘People’s Presidency'. He said India is fully ready for the G20 leaders summit that will take place next month. “Our Presidency of the G-20 is a People's Presidency, in which the spirit of public participation is at the forefront.

Sharad Pawar on Saturday claimed that the Bharatiya Janata Party would not be able to come to power in the country. Pawar claimed that the BJP was so worried about the 2024 parliamentary polls that it was not holding the local body polls (municipal council, Municipal Corporation) elections in the state as they were afraid that its results may impact the 2024 polls. «The youth are upset and are so are senior citizens. The people want a change, the mood is against giving power to BJP,» said Pawar while speaking to reporters in Kolhapur. According to Pawar, the anger against BJP would also hurt those who have joined hands with the party.

More than 98 per cent of India’s senior citizen population remains devoid of health insurance coverage amid the increasing cost of healthcare services, according to a recent survey by leading insurtech platform Plum. The need for comprehensive health coverage for senior citizens has become more apparent, however, the penetration continues to be a challenge. According to census reports, India has 1,380 lakh elderly citizens and is further expected to increase by around 560 lakh by 2031.

G20 Summit a success despite the inconvenience they might have to face. 'Delhi citizens have got more responsibility for G20...there will be so many guests coming...From 5-15th September, there will be a lot of inconvenience, I apologise for that in advance." the PM said at the meet. "These are our guests...traffic rules will be changed, we will be stopped from going to several places but some things are necessary...", PM Modi added on upcoming G20 summit in Delhi.

Satyendar Jain's interim bail till 1 September, despite vehement opposition from Enforcement Directorate (ED). Jain had bee arrested in a money laundering case. A Supreme Court bench of Justices AS Bopanna and M M Sundresh granted the relief to Jain after taking note of his medical report.

Narendra Modi will distribute more than 51,000 appointment letters to the newly inducted recruits on August 28, an official statement said on Saturday. Border Security Force said that Union Minister Hardeep Singh Puri will distribute appointment letters on August 28 in Punjab. Taking to X, BSF Punjab Frontier said, «Empowerment through jobs. The 8th tranche of appointment letters distribution is set for 28/08/2023 at 45 Rozgar Mela, including BSF Punjab, Jalandhar, in the presence of Hardeep Singh Puri, GOI.

visa of choice among Indians seeking to work and live in the United States, a series of events unfolding over the last year have quickly changed those norms. From October 2020 to September 2021, the Indian workforce secured an impressive 74% of the over 407,000 H-1B visas issued. But according to the Wall Street Journal, many have been impacted by large-scale tech layoffs because roughly one-quarter of all foreign-born employees are in STEM fields of technology and science. Due to its non-immigrant, short-term visa designation, the H-1B visa program requires immigrants to find a new U.S.

CBDT) launched a revamped national website of the Income Tax Department on August 26, 2023. This new website can be accessed at incometaxindia.gov.in. The revamped website has a user-friendly interface and several new features. In a press release on August 26, 2023, the CBDT said that the «revamped website has been aesthetically redesigned with a mobile responsive layout.» The website also has a ‘Mega Menu’ for content, with new features, and functionalities,” CBDT added. «The new functionalities, allow users to compare different Acts, Sections, Rules, and Tax treaties,» said CBDT. «All relevant content on the site is now tagged with income tax sections for easy navigation. Further, dynamic due date alert functionality provides reverse countdowns, tooltips, and links to relevant portals to help taxpayers comply easily,» it added.

Amidst the expected chill of winter, Brazil finds itself grappling with an unexpected challenge: scorching heatwaves that are defying seasonal norms. The National Institute of Meteorology has issued a concerning report, revealing that over 11.5 million residents of Sao Paulo are confronting the impact of soaring temperatures, which have surged nearly 10 degrees above the average of 24.5 degrees Celsius.

Equality Day 2023: The historic day marks the victory of women, who constitute half of the population, to get voting rights in the USA in 1920. On this day, the 19th Ammendment to the US Constitution was officially certified in 1920. The amendment provided women the right to vote.

Chandrayaan-3 mission, Prime Minister Narendra Modi said on Saturday that people from across the globe who believe in science and the future are filled with enthusiasm over India's achievement. The Prime Minister who flew down to Bengaluru directly from Greece, said he could not stop himself from reaching the city first on his return to pay tribute to the ISRO scientists. Before heading for ISRO Telemetry Tracking and Command Network (ISTRAC) here, Modi addressed a gathering outside the HAL Airport. «Not only Indians but people across the globe who believe in science, who see the future and are dedicated to humanity, are filled with enthusiasm,» he said. Modi thanked the citizens of Bengaluru who gathered in huge numbers to see him. «I see people including children getting up so early.

Kazakhstan has ranked 25th in the World Bank's Ease of Doing Business Report. The office of KAZAKH INVEST in India is ready to provide assistance, starting from an idea to the commissioning.

The U.S. Department of Justice has sued SpaceX, the rocket company founded and run by Elon Musk, for alleged hiring discrimination against refugees and people seeking or already granted asylum

Amit Shah on Friday urged senior police officers to implement the new criminal laws, once they are passed by Parliament, at the grassroot level to revamp the criminal justice system. The committee on home affairs is holding discussions on the proposed laws replacing the colonial-era Indian Penal Code (IPC), 1860, Criminal Procedure Code (CrPC), 1898, and Indian Evidence Act, 1872. The Bills were introduced by Shah in Lok Sabha during the monsoon session.

In a speech published on the Bank of Spain’s website, Delgado stated that the digital Euro could address two main developments in the market, the increased amount of digital payments mean there is a need to ensure that citizens can still use central bank money in a digital world, and with the increasing numbers of digital assets a digital euro would provide a payment solution based on European infrastructure and accepted throughout the entire euro area.

Great Lakes area were slammed with tornadoes as fast as 75 mph on the night of Thursday, August 24, 2023. The effect of the tornadoes was such that over 700,000 people went without power. The area has been facing stormy weather since Wednesday, August 23. As the storm moved into the Northeast on Friday, August 25, there was already destruction and a power outage in the Great Lakes. Over 700,000 citizens had to go without power in the states of Michigan, Ohio, and Pennsylvania. Cleveland also reported a gust of 75 mph, and Detroit registered one of 70 mph.

Reliance Industries Limited will hold its annual general meeting (AGM) with the shareholders on August 28. Investors will be glued to this 46th Reliance industries AGM as Chairman Mukesh Ambani usually makes key announcements related to growth and expansion plans in these meetings. While major decisions are expected to unfold around new energy ambitions, succession plans, retail services and the telecom sector, the newly formed Jio Financial Services will be in focus as it was recently listed on the stock exchanges on August 21.What to expect? The meeting is expected to lay out a future plan for JFS that was demerged from RIL in July. Ambani is likely to share growth plans for the financial services business following its tie-up with the world’s largest asset manager, BlackRock, to take on India’s $540 billion mutual fund industry. JFS is likely to enter the B2B credit business first to leverage its large wholesale business network and then consumer lending. The aim is to lend to consumers and merchants based on proprietary data analytics, and then use it to branch out to insurance, payments, digital broking and asset management, according to Mukesh Ambani. As various financial services are governed by different regulatory frameworks, we believe, an independent financial services entity will allow us to access the opportunities available in the Indian market, said Ambani in the annual report of RIL. He also said JFS along with its subsidiaries will leverage the technological capabilities of Reliance and digitally deliver financial services, democratising access to financial services offerings for Indian citizens.

Supreme Court on Friday refused to entertain a plea that raised the issue of Indian fishermen getting arrested after straying into the territorial waters of Pakistan, saying political matters will be sorted out politically. The apex court said it cannot issue directions to Pakistan to release such fishermen and that the matter cannot be determined in a petition filed under Article 32 of the Constitution. Article 32 of the Constitution empowers Indian citizens to move the apex court directly for enforcement of their fundamental rights through appropriate proceedings. «Is this to be determined in a (Article) 32 petition? How Pakistan and India sort out their fishermen problem, in (Article) 32 petition we will issue directions? Can we issue directions to Pakistan to release them?» a bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia asked the counsel appearing for the petitioners. The bench was hearing a public interest litigation (PIL) filed by three petitioners, including two from Gujarat and one from Maharashtra. The counsel for the petitioners sought the revival of a judicial committee comprising judges from India and Pakistan that was formed in 2008 to mutually resolve the issue of prisoners, including fishermen who got arrested for straying into each other's maritime territory. «What is the scenario today? What is the relationship with the country today?» the bench asked, and added «These are government issues.» «Political matters will be sorted out politically,» the bench said and asked the petitioners to approach the government.

Enforcement Directorate, according to a report published by the news agency PTI. A bench of Justices AS Bopanna and MM Sundresh granted the relief to Satyendar Jain after taking note of his medical report. The top court on July 24 had extended by five weeks interim bail granted to Jain.

G20 Summit in India next month. Delhi police are currently busy ensuring smooth traffic flow in the city as high-profile delegates, including heads of states, will gather in the national capital for the event. The G20 Summit is slated to take place on September 9-10 at the state-of-the-art Bharat Mandapam Convention Centre at Pragati Maidan.

Noida came under scrutiny as a major scam unfolded, involving a network of employees predominantly recruited from the northeastern states of Manipur and Nagaland. As per a TOI report, the call centre, merely four months old, initially operated with a modest team of 25 individuals, each possessing a good command of English and trained to flawlessly emulate American accents.