Citizens Financial News

Subscribe to enjoy similar stories. India has achieved remarkable economic success, ranking as the world’s fifth-largest economy. Economic experts predict India will rise to third place within five years.

The federal government is currently looking for ways to tighten its budget and curb the size of the public service. In order to do that, it’s undertakinga multi-billion dollar spending review.

After the revision, the bank offers interest rates between 4% and 7.40% for the general public and 4% and 7.90% for senior citizens on callable deposits.

Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner

Hamas's armed wing published a video Saturday of an American-Israeli hostage held in Gaza since the October 7, 2023 attack on Israel. In the video, whose date cannot be verified, Edan Alexander addresses US President-elect Donald Trump in English and Israeli Prime Minister Benjamin Netanyahu in Hebrew. He calls on Israelis to put pressure on the government to secure the release of the hostages seized on October 7.

«The pneumatic gate system installed at Pise, which supplies water to BMC has malfunctioned today (30th November 2024). The repair work of this gate will be done between 1st December to 2nd December 2024. Due to this work, 10% water cut will be imposed in the Mumbai City and Suburbs during 1st December to 5th December 2024,» said the civic body in a statement.

Subscribe to enjoy similar stories. NABATIEH, Lebanon—Exhausted Hezbollah fighters filed past a throng of civilians through this small Lebanese city on Thursday, withdrawing northward a day after a cease-fire aimed at halting more than a year of fighting between the Iranian-backed militant group and Israel. As they pulled back, ordinary residents flowed south, past mountains of rubble, returning to homes they had fled as intensifying fighting engulfed the towns and villages of Lebanon’s south.

Addressing party workers in Bhubaneshwar, Odisha, PM Modi accused the Congress of «misleading» the citizens of the country and said that out of anger, the party is busy «plotting» against the country. He urged the party workers to keep an eye on such situations and make people aware to expose their lies.

PIB Fact Check posted on its social media X account, «A message circulating on social media claims that as India commemorates 75 years of its Independence, senior citizens above 75 years of age will no longer have to pay taxes.» PIB Fact Check stated that it is a fake. Which senior citizens are no longer required to file ITR?

Subscribe to enjoy similar stories. Results of the assembly elections in Maharashtra and Jharkhand brought the incumbents back to power. Election outcomes are difficult to analyse, given the complexity of India’s electoral system, dynamics of rival parties and the role played by caste, class, religion and local factors.

General Zhang held a one-on-one meeting with Army Chief Gen Asim Munir on Wednesday, followed by delegation-level discussions. According to the statement, the engagements focused on «matters of mutual interest, regional security dynamics, measures for regional stability, and enhancing bilateral defence cooperation.»

US Vice President Kamala Harris's defeat to US President- elect Donald Trump in the recent US Presidential elections; numerous factors are being analyzed to understand the loss. According to CNN, several supporters are eventually grappling with the implications of Donald Trump's victory, specifically given that he won less than half of the popular vote but secured all swing states. CNN reported that prominent figures like Rev. William J. Barber II placed an argument that both racism and sexism played significant roles in the US Presidential election outcome alongside economic concerns that resonate with the working-class voters. Also Read: Billboard ranks Taylor Swift as the No. 2 greatest pop star of the 21st century, who will be No. 1? This singer's name is doing the rounds

Elon Musk has expressed his fear that the US national debt is spiralling out of control and has warned that America is currently headed for bankruptcy super fast. Musk, who has been tasked by President-elect Donald Trump to curb in the excessive US spending, has issued a warning that America could be nearing the verge of bankruptcy. The world's richest man and a close adviser of Trump, Elon Musk has been tasked to spearhead the newly created Department of Government Efficiency (DOGE) under the upcoming Republican administration, to find ways of saving taxpayer dollars. «America is currently headed for bankruptcy super fast,» Elon Musk wrote on X, formerly Twitter, recently. He was responding to a post on the Department of Government Efficiency's X handle that noted «the US Government spent USD 6.16. trillion while only bringing in USD 4.47 trillion» in 2023.

ISKCON Bangladesh has issued a statement denouncing the arrest of Chinmoy Krishna Das and called upon the government authorities to promote peaceful coexistence. ISKCON Bangladesh also issued a list of demands to the government for subsequent violence and attacks against Sanatanis in various regions of Bangladesh. ISKCON Bangladesh made note of the above points and more matters in a statement issued, regarding the current situation in Bangladesh and the arrest of Chinmoy Krishna Das. «We express our serious concern and strongly denounce the recent arrest of Chinmoy Krishna Das, spokesperson for the „Bangladesh Sammilito SanatJagaran Jot“. We also condemn the subsequent violence and attacks against Sanatanis in various regions of Bangladesh. We urge the government authorities, to promote peaceful coexistence for the Sanatani community», the statement said.

Subscribe to enjoy similar stories. This year, India celebrates the 75th anniversary of the adoption of the Constitution of India. It is an occasion to reflect on its importance and role in the evolution of Indian democracy.

SBI, ICICI Bank and Axis Bank, have hiked their deposit rates. You can earn 7.25% interest on deposits of 1-2 years. Smaller banks, such as the Bandhan Bank, are offering 8%, while NBFCs, such as Sriram Finance, are giving up to 8.9% per annum. Senior citizens can expect 0.5-0.75% higher rates. Sitting in their house in Bengaluru, senior citizens Ranjitha and B. Srikumar are not enthused by the high rates offered on bank deposits. Their pensions put them in the 30% tax bracket, which means the post-tax yield of a 7.75% fixed deposit is barely 5.3%. “We are looking to invest in a debt fund that can give better returns than fixed deposits,” says the retired Air Force officer.

Jitendra Singh on Sunday held a nearly two-hour 'Public Durbar' (public meeting) in Jammu and Kashmir's Kathua district, asserting that Prime Minister Narendra Modi led government is committed to resolve public issues at their doorsteps. Singh, who won Udhampur parliamentary constituency for third term in a row, held the public durbar at Marheen block of Hiranagar sector near the International border. It was a part of his ongoing spree to reach out to the public directly to listen to their issues and concerns. Several issues raised by individual citizens and delegations were resolved on-the-spot. Instructions for immediate action were issued in several other cases, an official said. He said the entire district administration led by Deputy Commissioner Rakesh Minhas and senior officers from various departments were also present for instant intervention and follow-up.

Adani controversy will serve as a marker for India Inc's global aspirations that could run afoul of imperfectly harmonised regulations and variance in law enforcement. Businesses operating within acceptable tolerance levels in individual jurisdictions will have to craft corporate governance standards that clear the highest available threshold. Having a global footprint involves best-in-class innovation, entrepreneurship and governance to gain access to markets and capital.