Citizens Financial News

Equitas Small Finance Bank has revised the interest rates on its fixed deposits (FDs). Interest rates on FDs can go up to as high as 9 per cent for senior citizens in this small finance bank. The new FD interest rates have been effective from August 21, 2023, as per the bank website. The revised interest rates will be applicable on fixed deposits of below Rs 2 crore. Let's find out how much Equitas Small Finance Bank offers on FDs for the general public and senior citizens.

India's Chandrayaan-3 on the Moon's South Pole. Regardless of religious boundaries, individuals are coming together to lend their support to the Chandrayaan-3 mission. This demonstration of solidarity is extending worldwide, with people participating in prayers, offering religious observances, and engaging in diverse rituals to foster its success. According to Indian Space Research Organisation (ISRO), the Chandrayaan-3 is set to land on the moon today, around 18:04 hours IST. From the Parmarth Niketan in Rishikesh to United States, special rituals, prayers, and ceremonies are being conducted to invoke blessings for Chandrayaan-3's success. Religious ceremonies spanning various faiths are being conducted across India to seek blessings for the success of Chandrayaan-3's groundbreaking mission. A Ganga Aarti was dedicated to India's lunar mission.

Narendra Modi played up India’s economic growth story during his remarks at the BRICS Business Forum Leaders’ Dialogue in Johannesburg on Tuesday. Modi is visiting South Africa for the 15th BRICS Leaders’ Summit. The prime minister said there was no doubt that India would be a growth engine for the world.

Montana is asking a federal judge to allow its law banning new downloads of TikTok to take effect while a legal challenge filed by the company and five content creators moves through the courts

Calcutta Chamber of Commerce here, he however said that GST has led to a lot of simplification. «The ideal GST is one that has a single rate, and it was meant to be revenue neutral. When it was introduced, there were some calculations by the Ministry of Finance then that said, in order to be revenue neutral, the average GST rate must be at least 17 per cent. »The average rate now is 11.4 per cent.

The Abhay Narendra Lodha Foundation was established on January 18, 2010, and is a non-profit charitable organization. It was founded by Abhay Lodha, Chairman, Topworth Group, which is primarily in the business of manufacturing steel and iron products. As part of the Foundation’s Environmental, Social, and Governance (ESG) role, the Foundation has undertaken a number of environmental initiatives.

The Kenyan government has formed a 15-member parliamentary committee to investigate the contentious Worldcoin project.

Read more of our recent coverage of the Ukraine war When Russian tanks began bearing down on Kyiv, Ukraine’s capital, in February of last year, Mykhailo Fedorov was overseeing improvements to an app that provides Ukrainians with easy access to government services. At the time the app focused on fairly conventional tasks: filing tax returns, obtaining business permits, claiming benefits and so on. But the 32-year-old Mr Fedorov and his colleagues quickly added extra features.

The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.

If an individual’s PAN was not linked with Aadhaar by June 30, 2023, then their PAN will be classified as ‘inoperative’. According to income tax rules, an inoperative PAN is the same as an individual not having a PAN. Hence, an individual will not be able to quote PAN, wherever it is mandatory such as for the opening of a bank account, investing in bank FDs etc. If your existing PAN has become inoperative, then you may have questions about banking transactions. For instance, will an inoperative PAN impact credit of salary in a bank account? Will it have an impact on the issue or usage of debit or credit cards? ET Wealth Online spoke to different banks on issues an individual may have with an inoperative PAN. Here is what they had to say.

Industry insiders claim Argentina is experiencing a rise in stablecoin buying as black market dollar market prices spiral upward.

Are you planning to move overseas soon? If so, you should complete certain financial tasks before you become a non-resident Indian (NRI). First, let’s understand the difference between a resident individual and NRI. An individual is deemed to be a resident if (a) the person has resided in India in that financial year for 182 days or more; or (b) has been in India within the four years preceding that year for 365 days or more and been in India for 60 days or more in that year.

On 9 August, the scourge of ‘ragging’ claimed its latest victim when a minor student, barely a few weeks into his new campus life at Jadavpur University, Kolkata, ended it by jumping from his hostel building after harassment, torture and sexual debasement. About a dozen seniors prevented the administration and police from entering the campus while trying to ham-handedly doctor the crime scene to make it appear that the victim had committed suicide with no role played by others.

“Desh Kya Chahta hai aur Bharat ka Bharosa kin par Hai!" India’s leading consumer data intelligence company, Axis My India, today announced that it is building a one-of-a-kind platform leveraging Google technology that aims to bring about a step change in people’s awareness, accessibility, and utilization of a slew of services. These include Government social welfare schemes, basic day-to-day amenities, employment opportunities, and healthcare benefits, and has the potential to benefit up to 250 million Indian households across the country.Built on Google Cloud’s scalable and secure infrastructure, Axis My India’s People Empowerment Platform (PEP) application will use Google Cloud’s generative AI (GenAI) technology to provide relevant information about government schemes and desired communication/content to citizens based on their individual and family needs.

National Food Security cardholders in Delhi — representing some of the most marginalised segments of society — will now have access to free sugar after Chief Minister Arvind Kejriwal approved on Monday a Cabinet decision in this regard. The Delhi Cabinet endorsed the proposal for free sugar distribution among families facing economic hardships in July.

Australia has witnessed a boom in family offices over the past decade as the country’s long recession-free streak delivered untold wealth to the richest families, new data shows.

Uttar Pradesh Police has introduced the 'Savera Yojana' to offer rapid assistance to citizens above 60 years of age. As per a TOI report, through the helpline number 112, senior citizens living alone can avail themselves of regular home checks by a police team, ensuring their well-being. The program will benefit senior citizens who live alone by sending a team of cops to their homes on a regular basis, beginning with a 'Hello uncle' greeting.

Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposit for a 5-year term, and Senior Citizen Savings Scheme (SCSS). Interest rates for small savings schemes are notified on a quarterly basis. The below-mentioned interest rates are for the July-September 2023 quarter.

ChatGPT and the newest version of Microsoft’s Bing search engine. It’s the “shoggoth": an amorphous monster bubbling with tentacles and eyes, described in “At the Mountains of Madness", H.P. Lovecraft’s horror novel of 1931.

Narendra Modi today addressed Madhya Pradesh Rojgar Mela virtually. The Prime Minister congratulated newly inducted recruits on this occasion. In the program, CM Shivraj Singh Chouhan gave appointment letters to more than five thousand newly appointed teachers.

Supreme Court on Monday dismissed a petition seeking a declaration that abrogation of Article 370 of the Constitution, which bestowed special status on the erstwhile state of Jammu and Kashmir, was constitutionally valid. Terming the plea as «misconceived», a bench headed by Chief Justice D Y Chandrachud said the issue of constitutional validity of abrogation of Article 370 is already pending before a constitution bench of the apex court. «What kind of a petition is this? You are now seeking a declaration by this court that the abrogation of Article 370 is valid.