Citizens Financial News

Nagaland government is against the implementation of the proposed Uniform Civil Code (UCC) in the state and has urged the Law Commission of India to exempt it, a minister said on Tuesday. A public notice was issued by the Law Commission on June 14 seeking suggestions from various stakeholders including public and religious organisations about implementation of the UCC.

Through tax-saving FDs, senior individuals can use their unused funds to generate extra income along with saving tax. Additionally, FDs generate higher interest income than savings accounts and recurring deposits. By investing in these Tax-Saving Fixed Deposits, senior citizen investors can deduct up to Rs 1.5 lakh per year. Senior citizens usually receive slightly higher interest rates from banks. A senior citizen tax-saver FD can be opened by anyone 60 years of age or older. Interest rates on these tax saving fixed deposits differ depending on the bank. Here is a comparison of top banks offering tax saving fixed deposit with best interest rates.

Russian President Vladimir Putin has officially signed a bill that will introduce a digital version of the country's national currency. 

heavy rainfall for Telangana over the next few days. The weather department sounded a red alert on Monday, predicting ‘extremely heavy rain’ for certain parts of the state between 8.30 am on July 25 and 8.30 am on July 28.

A leading Russian lawmaker says China and Russia’s CBDCs may be “compatible” and could be used to make international payments between the nations.

Northern India to receive heavy rainfall on Wed-Thu, says IMD Officials from Greater Hyderabad Municipal Corporation have already urged people in the city to avoid unnecessary travel and step outdoors only if essential. The Director of Enforcement for Vigilance and Disaster Management assured in a tweet that Disaster Response Force teams had been put on alert.

The Republican-controlled Oklahoma Senate has overridden Gov. Kevin Stitt's vetoes of two bills that would extend existing agreements with Native American tribes for another year

Trinamool Congress in West Bengal will move a resolution in the West Bengal Legislative Assembly condemning the incidents in Manipur since the last few months. “We will bring a resolution in the state assembly on the Manipur issue in the current session. Along with the entire country, we are deeply anguished by the condition of the women in Manipur.

Mizoram Chief Minister and chief of the ruling Mizo National Front (MNF) Zoramthanga on Monday said that the state government and the MNF party are not afraid of the NDA government at the centre. He said that the state government refused to push back refugees from Myanmar which came following the military Junta taking over the reign.

Republican leaders in Oklahoma are grumbling publicly that Gov. Kevin Stitt’s hostile posture toward Native American tribes is costing the state money and are considering pushing him out of tribal negotiations altogether

New Delhi: The financial year 2022-23 witnessed a significant boost in the per capita net state domestic product (NSDP) for several states, driven by a surge in economic activities across the country. In a written reply in the Rajya Sabha, the minister of state with independent charge for MOSPI (Ministry of Statistics and Programme Implementation), Rao Inderjit Singh, said that the per capita NSDP at current prices recorded an impressive annual growth rate of approximately 13-15% in most states during the mentioned period.

₹700 crore in less than a year. Hyderabad Police Commissioner CV Anand in a presentation explained the modus operandi of the scamsters and said how they used the technology to dupe the people. The scamsters send messages to people to invest starting with small amounts.

Supreme Court on Monday refused to stay the ongoing delimitation of Assam's 14 Lok Sabha and 126 assembly seats by the Election Commission and sought the response of the Centre and the poll panel on a batch of petitions on the issue. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, agreed to examine the constitutional validity of Section 8A of the Representation of the People Act, 1950 empowering the Election Commission to undertake the delimitation of constituencies. «At this stage when delimitation has commenced, having due regard to issuance of the draft proposal on June 20, 2023, it would not be proper to interdict the process at this stage. Hence while reserving the constitutional challenge, we are not issuing any orders restraining the Election Commission to take any further steps,» the bench said in its order. The top court sought the replies of the Centre, the Election Commission and the Assam government on three petitions in three weeks and said the petitioners can file their rejoinders in two weeks after that. The bench took note of the submissions of senior advocate Kapil Sibal, who was appearing for the political parties which have filed the petitions, that now all states will follow suit and take steps since the way has been cleared for the delimitation exercise for states like Arunachal Pradesh and Nagaland. «We will list this immediately after the Delhi services ordinance case,» the CJI said.

The United States Republican Representative, Warren Davidson, has reiterated his stance against a government central bank digital currency (CBDC), claiming that they should be banned and criminalized.

Hyderabad police has arrested nine people across the country in connection with an investment fraud of Rs 712 crore by Chinese operators. According to the cyber crime wing of Hyderabad Police, the gang has cheated an estimated 15,000 people to the tune of Rs 712 crore. The fraudsters used to lure gullible investors through fake investment apps and schemes and later laundered money to China via Dubai after converting rupee to crypto, according to the police.

«Yes, 40 is a great milestone. And I think some people often these days are saying 40 is a new 20 because with every generation, we are looking younger as we age right,» says Aditya Agarwal, Co-Founder, Wealthy.in.So 40, a very crucial age group where a few of us might be having a few of their financial goals almost round the corner and getting completed. And then you are looking at retirement or maybe if you are aware enough, you might have just started investing for retirement. But financially speaking, ideally, what kind of age group or what kind of space you should be in your 40s?Yes, 40 is a great milestone.

₹500 rupees a month and the Atal Pension Yojana (available to a small proportion of elderly) offers ₹1,000-6,000 a month . These sums are insufficient to cover even basic needs. Several other changes – such as a rise in the number of nuclear families, a decline in family size, and migration to urban areas and abroad – are also displacing the existing system of elderly care within families.

AP, the unexpected hospitalization of Netanyahu for a pacemaker implant has introduced another surprising development to an already dramatic series of events that have deeply divided the nation and are expected to significantly impact Israel's future. The parliamentary vote scheduled for Monday is anticipated to pass the initial significant legislation in the contentious judicial overhaul plan. Netanyahu's doctors confirmed on Sunday that the procedure had been successful.

By Sanjeev Kumar

District Disaster Management Authority on Sunday issued an advisory for the citizens. The advisory said, «1. Avoid visiting hilly areas and places prone to landslides and heavy rainfall.

Mizoram on Sunday ahead of state-wide protests by Mizo organisations against violence in Manipur and amid reports of Meiteis leaving the state after a statement by an ex-militant group, police said. While 78 people flew to Manipur on Sunday in three flights, 65 people travelled to the neighbouring state on Saturday. However, it was not immediately clear how many of these people were regular passengers, and how many were fleeing out of fear as these were scheduled commercial flights, officials said.