Citizens Financial News

Narendra Modi on Monday said there was an era of «corruption and scams» before 2014 and the rights of the poor and their money were robbed, but now every penny is reaching into their accounts directly. The data shows an increasing number of people are paying taxes, which shows their faith in the government that their money is being put to good use, Modi said. He was virtually addressing the training-cum-orientation programme of newly appointed teachers at the CM Rise Government Mahatma Gandhi Higher Secondary School in Madhya Pradesh capital Bhopal.

income tax returns filed this year which indicated a huge increase in the average income of the people in the last nine years. According to ITR data, the prime minister, said that the average income which was around ₹4 lakh in 2014 has increased to ₹13 lakh in 2023.

World Senior Citizens Day today (August 21), let's take a look at some of the pension schemes for the elderly people. APY is a government-sponsored scheme that was launched with the objective of creating a universal social security system for all Indians, especially the poor, the underprivileged, and the workers in the unorganized sector. The scheme is being administered by the Pension Fund Regulatory and Development Authority (PFRDA).

leadership of Prime Minister Narendra Modi, has also begun and promoted the Startup India Initiative to help aspiring entrepreneurs. It has also launched various schemes to train as well as provide technical support, financial assistance, subsidies, and other services to budding entrepreneurs to fuel their growth and mark their presence in the market. PM Modi, in his recent Independence Day speech, explained that the MUDRA Yojana has enabled crores of citizens to become entrepreneurs with a budget of over 20 lakh crore rupees and thus also be job creators for others.

China has temporarily eased its visa regulations for Indian citizens applying for business (M), tourism (L), short-term family visits (Q2) to Chinese citizens, transit (G), and crew © visas. The Chinese Embassy in India has issued a statement outlining these changes. According to the announcement, eligible applicants seeking single or double-entry visas for business, tourism, short-term family visits, transit, and crew purposes will no longer need to provide biometric data (fingerprints) until December 31, 2023. These changes will remain in effect until the end of 2023. Some exemptions were already in place, including for individuals below 14 or above 70 years old, those who have recently undergone fingerprint collection by the Chinese Embassy, and those whose fingerprints are deemed «uncollectable.»

Covid-19 pandemic in May 2020, many banks launched special fixed deposit (FD) schemes for senior citizens. This scheme offers higher interest rates to senior citizens who open FDs with a tenure of 5 years and more. The last date of the schemes has been revised multiple times by the banks since its launch.

tax benefits. All the top lenders including the State Bank of India (SBI), ICICI Bank, HDFC Bank, and others give 50 basis points of interest to senior citizens over and above the general customers. Like, top lenders, Small Finance Banks (SFBs) also offer higher interest rates on FDs to senior citizens.

equity funds carry higher risks, debt funds can provide stable income, making them suitable for elderly investors seeking steady returns. “However, it's essential to choose funds with lower volatility and a history of consistent performance," said Amit Gupta, MD, SAG Infotech. FDs are known for their security, making them an attractive option for senior citizens.

Arvind Kejriwal took a jibe at Madhya Pradesh Chief Minister Shivraj Singh Chouhan who is often referred to as ‘Mama’, saying that don’t trust him as ‘your Chacha (alluding to himself) has come’, as he announced election sops for the state ahead of the Assembly election 2023. Addressing a press conference, Arvind Kejriwal said, “I got to know there is a 'Mama' in Madhya Pradesh. He has cheated his nephews and nieces, do not trust him.

Narendra Modi had announced that India and France have agreed to use UPI payment mechanism. ALSO READ: Modi in France: UPI to start from Eiffel Tower.

chartered accountant (CA), is listed for hearing before a bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula. The plea said by including CAs and other professionals within the definition of «reporting entities» under the Prevention of Money Laundering Act (PMLA), «onerous obligations» have been put on them with consequences of noncompliance leading to criminal prosecution, and it virtually makes such professionals engage in «policing» their own clients with whom they interact in fiduciary capacity.

₹3,000 per month, 300 units of free electricity for every household per month and free education for every child in Madhya Pradesh among others. Arvind Kejriwal has also promised employment to every unemployed person in the state.

Bank fixed deposits (FDs) are still considered to be one of the safest investment options. Almost all banks provide term deposits ranging between 7 days to 10 years tenure. The interest rates vary from one bank depending upon the tenure.

invoice on a mobile app as the government is likely to launch the long awaited 'Mera Bill Mera Adhikar' scheme soon. Under the invoice incentivisation scheme, cash prize of Rs 10 lakh to Rs 1 crore monthly/quarterly could be given to individuals who upload invoice received from retailer or wholesaler on the app, two officials told PTI. The 'Mera Bill Mera Adhikar' mobile app will be available on both IOS and android platforms.

Home Loan / Four & Two-wheeler loans for all new customers having credit scores of 700 and above. This offer is for the period 16th August, 2023 to 15th November, 2023 (both days inclusive). This waiver is also extended for the takeover of housing loans from other banks and financial institutions.

Chinese citizens employed in various projects in Pakistan have been facing the ire of Baloch rebel groups for the last few years in the backdrop of severe exploitation of locals in Balochistan. Chinese development and associated infrastructure projects are leading to significant displacement of the Baloch people from their native villages.

Manipur's ethnic violence and taken refuge in neighbouring Myanmar have returned to the state safely, the government said. All the 212 people, belonging to the Meitei community, are residents of Moreh, which lies along the Myanmar border. Chief minister N Biren Singh thanked the Indian Army for ensuring their safe return.

By Alexandra Valencia

Ahead of national elections next week, some people in Zimbabwe's rural areas say they are facing intimidation from supporters of the long-ruling ZANU-PF party and a biased state-run media that restricts their options

Arvind Kejriwal is on a day long visit to campaign in poll bound Chhattisgarh. At an election rally, Delhi chief minister Kejriwal slammed Opposition bloc INDIA alliance Congress, and their government in the state for ‘terrible’ condition of schools in the state. The statement comes days after Congress spokesperson Alka Lamba has said Delhi Congress had been urged to make poll preparations for all seven seats.

Taiwan's foreign minister accused China on Saturday of trying to «shape» Taiwan's upcoming election, after Chinese military exercises were launched around the island. «The PRC has made it clear it wants to shape Taiwan's coming national election,» said foreign minister Joseph Wu on the ministry's official X account.