Citizens Financial News

Rahul Gandhi on 25 August addressed a public rally in Ladakh's Kargil area and called it a strategic location. The Congress leader also spoke about how PM Modi has been is lying about the China issue. He added, “...Ladakh is a strategic location...One thing is very clear China has taken away India's land..." “It is sad that the PM in the opposition meeting said that not even an inch of Ladakh has been taken by China.

FD interest rates. The Reserve Bank of India (RBI) paused the benchmark repo rate for the third consecutive time in the August Monetary Policy Committee (MPC) meeting. Further, the decision to withdraw Rs 2,000 notes from circulation created surplus liquidity in the banking system and helped in keeping in check the rise in interest rates on FDs.

Elon Musk, for alleged hiring discrimination against refugees and people seeking or already granted asylum. The lawsuit alleges that SpaceX wrongly claimed that federal export control laws barred it from hiring anyone but US citizens and permanent residents.

Lt Governor Anil Baijal unveiled the application at the Raj Niwas here. The 'MCD 311' app is a user-friendly interface where citizens can conveniently register their grievances such as illegal dumping of construction debris, improper disposal of municipal solid waste, road potholes, malfunctioning streetlights, the presence of stray cattle, etc. Basically, the digital channel promises to streamline the process of reporting problems to authorities, promoting transparency and swift resolution.

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

US government has sued Elon Musk’s SpaceX. The Department of Justice has accused the private rocket and satellite company of discriminating against asylum seekers in its hiring process. It has said that Space X has falsely claimed that it is not allowed to hire non-U.S. citizens. Talking to BBC, Assistant Attorney General of the DOJ's Civil Rights Division, Kristen Clarke said that SpaceX did not hire asylum seekers and refugees because of their citizenship status. He said that it is tantamount to a ban on their hiring and it violated the federal law. He also said that the SpaceX officials took actions that discouraged the asylum seekers and refugees from seeking jobs with the space company. The lawsuit has also alleged that from September 2018 to May 2022, SpaceX routinely discouraged asylum seekers and refugees from applying and refused to hire them because of their citizenship status, which is a violation of the Immigration and Citizenship Act. The Department of Justice also said that in the job postings and public statements Elon Musk’s satellite company has falsely claimed that under the export control law, SpaceX could hire only the U.S. citizens or lawful permanent residents called the ‘green card holders’. The lawsuit also cited Elon Musk’s June 2020 post on Twitter in which he said that the U.S. law requires at least a green card to be hired at SpaceX as rockets are advanced weapons technology.

NEW DELHI : India aims to offer all public services through the digital public infrastructure over the next two years, said minister of electronics and information technology Rajeev Chandrasekhar. DPIs will deepen and widen the availability of government-to-citizen services and drive inclusion, he said.

NEW DELHI : The Centre plans to enforce an upper limit of around 50 decibels in a crackdown on loud vehicle horns, a sharp reduction on existing permissible levels, minister of road transport and highways Nitin Gadkari said. Loud, persistent and often-needless blaring of horns remains a bane of Indian roads. The minister said that along with air pollution, noise pollution is a major irritant and poses a serious health hazard for citizens.

Mumbai: On 15 September, it will be 15 years since Lehman Brothers—the fourth largest investment bank in the world—declared bankruptcy. To control the economic aftermath of the bankruptcy and stop many other financial institutions from getting into trouble, the US Federal Reserve, along with other central banks of the rich world, decided to print money and flood their financial systems with it. This was originally supposed to be a temporary measure to rescue the financial institutions.

By Kanishka Singh

India’s digital public infrastructure (DPI), minister of state for electronics and IT Rajeev Chandrasekhar said in the national capital on Thursday. “Effectively, almost all of the government, and the G2C — government to citizen — interface will be digital over the next two years,” Chandrasekhar said. There has never been a more exciting time for India’s place in tech, the minister said, citing the success of the Chandrayaan-3 moon landing on August 23, which made India the first country to land near the south pole of the moon. It showed India’s capability in executing complex, deep-tech missions with global-standard aptitude and skill, Chandrasekhar said, and this indicates India’s “techade” and the digital economy forming 20-25% of the GDP is a realisable goal. India has an opportunity to become a trusted long-term partner in supply chains, IP and talent, he added.

₹36,000 crore of the research funding is to come from the private sector whereas the government will put in ₹14,000 crore for the same, to ensure greater participation of industry," he said. Singh said as India is in the frontline of diabetes research in the world, the prevention of diabetes in the youth and pregnant women is a priority.

Canara Bank has waived service charges for up to 3 doorstep banking services for senior citizens for a limited period. According to the Canara Bank’s social media X account (previously known as Twitter), “Banking made effortless, right at your doorstep! Introducing our Special Doorstep Banking Services Campaign, running from 21st to 31st August 2023. Service charges waived for up to 3 doorstep banking services during the campaign for all senior citizens. It's required that you link your mobile number to your bank account. All accounts associated with your Customer ID automatically link up with your mobile number.

ICICI Bank HDFC Bank, even the post office offers RD. SBI allows recurring deposits for durations of one year to ten years, with a minimum deposit requirement of ₹100 every month thereafter in multiples of ₹10. SBI is providing interest on recurring deposits in the range of 6.5% to 7% for the general public and 7% to 7.5% for senior citizens.

Post Office Time Deposit vs Bank Fixed Deposit: While several banks are offering more than 9 percent interest rate on fixed deposits to senior citizens, Post Office Time Deposit is still a safer option when it comes to guaranteed returns. Read on to know why.

Droupadi Murmu on Thursday congratulated ISRO team and fellow citizens for successful deployment of Pragyan-rover from inside Vikram-lander and said it marks the success of yet another stage of Chandrayaan-3. «I look forward with excitement, alongside my fellow citizens and scientists to the information and analyses that Pragyan will acquire and enrich our understanding of the moon,» Murmu said. India had on Wednesday scripted history as ISRO's third Moon mission Chandrayaan-3's Lander Module (LM) touched down on the lunar surface, making it only the fourth country to accomplish the feat, and first to reach the uncharted south pole of Earth's only natural satellite. «I once again congratulate the ISRO team and all fellow citizens for successful deployment of Pragyan-rover from inside Vikram-lander.

BRICS Summit, Ramaphosa said (as quoted by PTI), “Gandhi was one who was strong on resistance. He taught us passive resistance which he perfected and we escalated to various acts of boycotts against the apartheid system. Through that, we were able to encourage citizen activism in organisations that were involved in our struggle, like the African National Congress and others." The South African President added, “(It) mobilised our people against apartheid and finally defeated it, so Mahatma Gandhi played a very important role in the history of South Africa," During his address at the 15th BRICS Summit, PM Modi had noted that the Summit was taking place not far from where Mahatma Gandhi had established the Tolstoy Farm.

Germany plans to ease rules for obtaining its citizenship under legislation approved by the Cabinet

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By Alexander Marrow

Canada's central bank has spent the last few years carrying out research into a digital loonie and what design features would be relevant to citizens with diverse payment needs and circumstances.But in a new paper, bank staffers note that most Canadians do not experience gaps in their access to a range of payment methods, and this would probably continue to be the case in a cashless environment.Nearly all - 98% - of Canadian adults have a bank account, while 87% have a credit card and internet access is high.The paper notes that this still leaves some people that could face difficulties making payments if merchants no longer generally accepted cash as a method of payment.However, for a payment-oriented CBDC to successfully address this issue, it would have to see widespread adoption among the majority of people who would not need it.