Citizens Financial News

Chinese state-owned banks are set to join efforts to integrate the nation’s central bank digital currency (CBDC), the digital yuan, with government-issued social security cards.

«Now, whether there is a right time to cut the prices or not when the crude prices were going up, when the prices were not increased, there were definitely a strain on the oil marketing companies. And I think that it is logical for them to recover if they had some sort of under-requirements which they had obviously,» says MK Surana, Former CMD, HPCL.With crude now largely settling around the $75 to a barrel mark, is it really time for OMCs to cut prices? And is there merit in believing that they are now in a sweet spot?First, it is a good thing for the country and for the OMCs that the oil prices are benign, in spite of some sort of production cuts announced even just yesterday by Saudi and some sort of export restriction by Russia.

Uniform Civil Code controversy. PM Modi has pushed for the implementation of UCC, while the opposition leaders warn the government of potential law and order issues if the common law comes into effect in India.  A Uniform Civil Code (UCC) refers to a common set of laws that are applicable to all citizens and is not based on religion in dealing with marriage, divorce, inheritance, and adoption among other personal matters. According to PM Modi, having two separate sets of laws is not sustainable for the country, and he believes that the Uniform Civil Code is an integral part of the Constitution.

DigiLocker. So could be Employees’ Provident Fund Organisation statements and Mahatma Gandhi National Rural Employment Guarantee Act job cards, as the government’s online document repository is up for a major expansion. “Documents of income tax returns, EPFO statements, and MGNREGA job cards will soon be available on DigiLocker… Making passports and voter IDs available is also a work in progress,” a government official told ET.

When Washington Post correspondent Jason Rezaian was released from Iran after 544 days of imprisonment, he said his welcome home came with bills of $20,000 for unpaid taxes, late payment penalties and interest. Rezaian had given his brother power of attorney to manage his affairs while he was abroad—but that power didn’t allow his brother to submit tax returns on his behalf. “There was no pause button for wrongful detention," Rezaian said.

Is China reopening to the world or turning inward again? Many would argue the latter, but in one important way, the country is still going global: Residents appear to be leaving at a faster clip than they have in years, including a significant number of the wealthy and well-educated the nation needs to keep modernizing and investing. Rising numbers of footloose Chinese in 2023 shouldn’t be a surprise. Getting out of the country is easier again now that pandemic controls have been dropped.

Assam chief minister Himanta Biswa Sarma said that state government will bring a citizen led self assessment policy for quality of services. Sarma tweeted, «coming soon~ A citizen led self assessment policy for quality of fair price shops & anganwadi centres, buoyed by success of similar exercises.With Gunotsav (education) & Swasthya Seva Utsav (health), we shall have created a robust evaluation framework to enhance Ease of Living.» He added, «we have sufficient clinical evidence to suggest that one organ donor can save upto 7 human lives».

Twitter is not the right place to seek information during an emergency, Dutch politicians and a prominent online group said on Wednesday, following an incident in which citizens were directed to the platform for updates during a large storm. «We find it problematic that the government depends on Twitter for sharing crucial information,» lawmaker Nico Drost's office said in emailed remarks to Reuters, citing accessibility, accountability and reliability issues.

Rights and Risks Analysis Group (RRAG) in its submission to the Law Commission of India today stated that nothing has changed since the Law Commission’s Consultation Paper of 2018 in which it held that “uniform civil code which is neither necessary nor desirable at this stage” and any other contrary findings shall raise questions about integrity, independence and impartiality of the Law Commission. “The Uniform Civil Code shall require constitutional amendments, in particular, Article 13(3)(a) of the Constitution relating the status of “custom or usage having in the territory of India”, Article 371(a) of the Constitution of India providing guarantees for customary laws in Nagaland and Article 371(g) of the Constitution providing guarantees for customary laws in Mizoram.” – cautioned Suhas Chakma, Director of the RAAG.

National Highway 29 in Chumoukedima district, Nagaland, two lives were tragically lost as massive boulders cascaded down a hillside, obliterating two cars. Three individuals also sustained severe injuries during the calamity which transpired around 5 pm this evening. But the victims' identities are not known at this time.

Income Tax Return (ITR) processing AY 2023-24: More than 1.32 crore taxpayers have filed their Income tax Returns (ITRs) for Assessment Year (AY) 2023-24 till July 2, according to data on the Income Tax website.

India’s policymakers are unlikely to tweak interest rates immediately to ease the plight of citizens who are paying in hundreds for even staple vegetables and pulses. India’s policymakers are unlikely to tweak interest rates immediately to ease the plight of citizens whose food bills have soared due to a spike in vegetable and pulses’ prices. The rate-setting members may just be forced to revise their inflation forecasts, economists told ET Online.

Rupal Shah Hollenbeck, President at Check Point Software Technologies, a leading provider of cyber security solutions to governments and enterprises globally. In an exclusive interview to ET’s Rica Bhattacharyya, Hollenbeck, talks about the increasing importance of cyber security in the post pandemic world that calls for a much closer attention to the user and remote access. She also talks about the greater emphasis on cyber security among top Indian corporations and boardrooms.

Digital Personal Data Protection Bill, 2022 on Wednesday and once it gets the approval, the Bill will be tabled in the upcoming Parliament session," a senior government official requesting anonymity told Indian Express. Last year in December, Union Minister Ashwini Vaishnaw had said that the government expects to get the Digital Personal Data Protection Bill and Telecommunication Bill passed in Monsoon session of Parliament.

U.S. Citizenship and Immigration Services is likely to adds a speaking section to to the test. For the exam, an officer would show photos of everyday scenarios and ask the applicant to verbally describe the photos.

Moily on Wednesday urged Prime Minister Narendra Modi, the Law Commission and all political leaders not to open the «Pandora's box» on personal laws and «create chaos» in the society. He also alleged that it was an issue that was intended to divide the society, destabilise the country and demolish the diversity enjoyed in Indian society. In a statement, Moily underlined that Article 25 provides for the Right to Freedom of Religion.

cabinet is expected to give a nod to the Digital Personal Data Protection Bill on Wednesday, reported ET NOW, citing sources. The bill is likely to be introduced during the monsoon session of Parliament starting July 20, 2023. The DPDP Bill, a second attempt at a legal framework for data protection, sets out rights and duties of citizens and obligations of organisations for using data.

Senior Citizen Care FD Senior Citizen Care FD offers an additional 0.75% interest rate on their term deposits. The scheme was launched on May 18, 2020. The eligible deposit tenure ranges between 5 years 1 day to 10 Years. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian. According to the HDFC bank website, “An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May'20 to July 7, 2023.”Senior Citizen Care FD interest rate

China is presented as an exception: a peace-loving giant that seeks only to do good. Instilling cynicism about the world serves the party well. Without it, February 4th could be a ticklish anniversary for President Xi Jinping.

National Highway nearNagaland’s Chumoukedima district Tuesday evening. The incident happened amid heavy rains on National Highway 29 near Old Chumoukedima police checkpost around 5 pm. The identity of the victims is still not known,Nagaland police said.

Zoramthanga in a tweet stated, “The onset of May witnessed a brutal, untoward and uncalled-for incident in Manipur. At this very moment, 3:30am, July the 4th, 2023; nothing seems to have changed. We are counting, and today is the 62nd day.