Citizens Financial News

Subscribe to enjoy similar stories. As India’s economy grows, the banking sector faces a pressing question: is the sluggish growth in Current Accounts & Savings Accounts (CASA) and deposits just a temporary dip, or the beginning of a deeper, long-term trend? With the country’s credit demand rising, the slowdown raises red flags for profitability and financial stability. Read this | If deposits are stuttering, how will banks manage the credit boom? Understanding the reasons behind this shift and implementing systemic measures to reverse the trend is crucial for the banking sector’s future.

Australia has urged an estimated 15,000 of its citizens living in Lebanon to leave, flagging a risk Beirut airport may close and the difficulty of evacuating large numbers if the situation worsens. Israel widened its airstrikes in Lebanon on Wednesday and at least 72 people were killed, and Israel's military chief said a ground assault was possible. Britain is moving troops to Cyprus, joining two Royal Navy ships already there, to be in a position to help evacuate nationals trapped in Lebanon. Australian Prime Minister Anthony Albanese said his government had made contingency plans that could include evacuations by water, but declined to give details.

health insurance policy was due for renewal this month, he grappled with a common dilemma: should he continue paying ₹73,000 for a ₹2.75 lakh cover or instead rely on the government's Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), which is now extended to all senior citizens over 70 and offers ₹5 lakh of free coverage per family? It's a question that is increasingly troubling senior citizens across India, as private health insurance premiums soar and government schemes promise substantial coverage, albeit with limitations. The AB-PMJAY now covers all senior citizens over 70 regardless of income. The move is expected to benefit about 60 million senior citizens and 45 million families. Enrolment for the scheme is likely to begin soon.

Ministry of Finance has recently announced an update to the National Savings Scheme (NSS) through a new notification dated August 29, 2024. This update explains modifications made to the National Savings Scheme Rules 1987 and 1992. Here is what the circular says, Following six categories have been identified. Relevant guidelines (1). Irregular NSS accounts: These have been assessed to be of the following types. (a). Two NSS-87 accounts opened prior to DG Posts' Order. No. 35- 19/9GSB- lll dated 02.04.1990: (i). The earliest first opened account will get prevailing scheme rate. (ii). The second account (opened after the first account) will get prevailing POSA rate plus 200 bps on the outstanding balance. (iii). Points (i) and (ii) will be subject to the following conditions: (a). Cumulative deposits in both the accounts put together should not exceed the applicable deposit limits for each year. (b). Excess deposits (if any) shall be refunded to the investor without any interest. (iv). Points (i) to (iii) are in the nature of one-time special dispensation allowed to investors of NSS-87 till 30 September 2024 from the date of OM dated 12th July 2024 issued by Ministry of Finance. (v). From 1 Oct 2024 onwards, both the accounts will earn zero percent rate of interest. (b). Two NSS-87 accounts opened atter DG Posts' Order. No, 35- 19/90-SB-lll dated 02.04.1 990: (i). rate. The earliest first opened account will get the prevailing scheme (ii). The second account (opened after the first account) will get prevailing POSA rate on the outstanding balance, (iii). Points (i) and (ii) are subject to the following conditions: (a). Cumulative deposits in both accounts together should not exceed the applicable deposit limit for each

Florida golf course was indicted Tuesday on three additional counts, including attempted assassination of a major presidential candidate, the US Department of Justice announced. Ryan Routh, 58, was arrested on September 15 after Secret Service agents spotted him with a gun near the course where Trump was playing. He has already been charged with two gun crimes in relation to the incident.

Japan’s Foreign Minister Yoko Kamikawa has asked her Chinese counterpart to ensure the safety of Japanese citizens there after a 10-year-old schoolboy was fatally stabbed

Michael Kovrig and his girlfriend were walking home from dinner on Dec. 10, 2018.They lived in Beijing, where Kovrig, a former diplomat, worked at an independent global think tank.

Many banks have revised their fixed deposit interest rates in September. Earn up to 8.50% FD rate: SBI, HDFC Bank, ICICI Bank, Canara Bank, PNB, Yes Bank latest FD interest rates

bathing sheds for women have been created by a BSF battalion deployed in this frontier area of West Bengal to guard the India-Bangaldesh international boundary. The facilities were created following the Union home ministry's directive to the border forces to engage with the local population, with Home Minister Amit Shah saying these remote locations on the front are not the last but the first villages of the country, and organisations like the Border Security Force (BSF) should take all measures for the betterment of the lives of the citizens residing in these security-sensitive areas, a senior officer told PTI. The 32nd battalion of the BSF has created the open-air gyms near its border outposts of Gede, Kadipur and Tungi in West Bengal's Nadia district. Equipment like parallel bars, waist stretchers, chest press, fun rider, lateral pull down, sit-up trainer, two-sided rotator and «tai chi spinner» have been installed in these gyms, the officer said.

Hezbollah in Lebanon were certainly an espionage and technological coup. Few people on the spot or reading about them from far away could fail to be amazed. But the explosions on Tuesday and Wednesday were also very likely war crimes — terrorist attacks by a state that has consistently condemned terrorist attacks on its own citizens. Yes, the devices most probably were being used by Hezbollah operatives for military purposes. This might make them a legitimate target in the continuous cross-border battles between Israel and Hezbollah. But the attacks, which killed at least 37 people and wounded thousands of others, came when the operatives were not operating; they had not been mobilized and they were not militarily engaged. Rather, they were at home with their families, sitting in cafes, shopping in food markets — among civilians who were randomly killed and injured. Israel has neither confirmed nor denied responsibility for the attacks but is widely believed to be behind them. If those allegations are true, it is important for friends of Israel to say: This was not right.

“We are pampered there. Even our diet preferences, like turmeric milk at sundown, are known to the staff,” says Ganapathy, who has retired from Tata Coffee. For the couple, familiarity breeds comfort. They stay for 10-15 days at a stretch at the hotel. “We get personalised service and even assistance with unpacking,” says Jemmy.

senior citizen earn a regular pension of Rs 1 lakh every month after retirement? A common question that is often asked by those who are about to retire. While investing your hard-earned money, you need to plan well and consider multiple factors — inflation, your risk appetite, how much return it will deliver, how much tax you have to pay, how liquid your investment is, etc. Keeping all these factors in mind, ET Wealth Online tries to derive a retirement plan for senior citizens that can fetch a Rs 1 lakh monthly pension.

population data is crucial for policy formulation for any group or community. With this in mind, the British government initiated the census in India, which has continued even after independence. The first post-independence census was conducted in 1951, and since then, a total of seven censuses have been carried out until 2011, at intervals of every ten years. However, for the first time since independence, the 2021 census, which was postponed due to the COVID-19 pandemic, has yet to take place. With the approval of the Kovind Committee's report on «One Nation, One Election» by the Cabinet, hopes for conducting the census have risen, as it is crucial for the delimitation of the Assembly and Parliamentary Constituencies.

NPS Vatsalya) plan designed for kids that would boost long-term financial security and encourage early savings habits. On July 23, 2024, the Union Budget 2024–25 revealed this novel pension plan for minors.

Quad summit this weekend, Australian PM Anthony Albanese appears to have broken ranks with the US and Canada, co-members of the Five Eyes intelligence alliance, on the issue of Indian «spies» in Australia by pointing out that such matters are raised privately. Responding to media queries during his ongoing US trip on the «nest of Indian spies» in Australia, Albanese said, «Well, what I do is act diplomatically and have those discussions, and that will, no doubt, be something that is raised.

First-time applications from people seeking asylum in European Union countries declined in June, with Syrians, Venezuelans, and Afghans being the primary applicants, a report from the bloc's statistics agency Eurostat showed on Friday. Eurostat reported 70,375 first-time asylum requests from non-EU citizens across the bloc's 27 countries, a decrease of 17% compared to June 2023. Syrians remained the largest share of applicants, accounting for 12% in June, followed by Venezuelans and Afghans, accounting for 9% and 8% respectively.

A broad group of civil rights organizations are calling on the CEOs and board members of major companies to maintain their commitments to diversity, equity and inclusion initiatives

For Ashita Awasthy, the journey to reclaim her father's long-forgotten shares has been a gruelling odyssey. Bought in the 1990s and discovered in 2015, the shares—some jointly held with her and others in her mother's name—had languished for decades, a silent testament to the bureaucratic labyrinth that plagues India's Investor Education and Protection Fund (IEPF), often ensnaring unsuspecting investors.

High Net Worth Individuals (HNWI), Chief Executive Officers (CEO), businessmen and Overseas Citizens of India (OCI) are part of India's first Fast Track Immigration-Trusted Traveller Programme (FTI-TTP). As many as 18,400 individuals, frequent global travellers and OCI card holders have been registered in the programme online for availing the service, said a senior home ministry official. Besides Delhi's IGI Airport, the services in the first phase will be made operational at major airports including Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Cochin, Ahmedabad. According to officials, 60% faster immigration clearance to 1,500 passengers have been granted through e-Gates so far. The facility will be expanded to 21 airports. When asked about the personal data of those enrolled for the programme, a senior official said, «the personal data is safe and secure and details are not to be shared.» As per the programme, «Eligible individuals can apply online for the fast-track immigration facility. Those with approved applications are called to submit their biometrics (fingerprint and facial image) at the international airports in India or the Foreigners Regional Registration Offices (FRRO).»

Congress leader Pramod Tiwari Thursday warned Pakistan against interfering in India's internal matters, slamming the country's defence minister for his statement that the Shehbaz Sharif government and the Congress-National Conference alliance were on the same page on the restoration of Article 370.He said that instead of giving such statements, Khawaja Asif should focus on protecting their citizens from «starvation and poverty». The Deputy Leader of the Opposition in Rajya Sabha also criticised the BJP for talking about Asif's statement in the election campaign, «It appears that the BJP and Pakistan's establishment are reciprocating each other's interests,» he told reporters here. «We warn Pakistan against interfering in India's internal matters. Instead of giving such statements, ministers of Pakistan should focus on protecting their citizens from starvation and poverty,» Tiwari said.