Citizens Financial News

Raksha Bandhan on Monday, President Droupadi Murmu extended greetings on the festival that celebrates the bond between siblings. President Murmu said the festival instills a feeling of affection and respect towards all sisters and daughters. In a post on X, President Droupadi Murmu said, «On the auspicious occasion of Raksha Bandhan, I extend my heartfelt greetings and best wishes to all the countrymen. This festival, based on the feeling of love and mutual trust between brothers and sisters, instills a feeling of affection and respect towards all sisters and daughters.»

Also read | Mint Explainer: Hindenburg's latest salvo against the Sebi chief While the Nifty futures contract expiring on 29 August rose 0.75% to 24,585.5 in the week through 16 August, the AEL contract expiring on the same date fell 2.7% to ₹3,119.35 a share during the period. Adani Ports’ contract slipped 2.8% to ₹1,497.35.

citizen scientists working with NASA's Backyard Worlds: Planet 9 project has discovered a mysterious object, designated CWISE J124909.08+362116.0, speeding out of the Milky Way at about 1 million miles per hour. This object, detected in data from NASA’s Wide-field Infrared Survey Explorer (WISE) mission, presents a unique challenge for classification due to its low mass and metallicity, suggesting it could be one of the oldest objects in our galaxy. This discovery underscores the significance of infrared astronomy and the valuable contributions of amateur astronomers to scientific research. The discovery of CWISE J1249 was made by Martin Kabatnik, Thomas P. Bickle, and Dan Caselden, who were participating in the Backyard Worlds: Planet 9 project. The project utilizes data from NASA's WISE mission, which mapped the sky in infrared light from 2009 to 2011. The citizen scientists spotted a faint, fast-moving object in the WISE images. Subsequent observations with several ground-based telescopes confirmed the object’s rapid movement. It is traveling at a speed of approximately 1 million miles per hour, which is so fast that it will eventually escape the Milky Way’s gravitational pull and enter intergalactic space.

migration, the Swedish government is considering a unique initiative that would offer financial incentives for «foreign-born» Swedish passport holders to emigrate. According to a report by The National News, this proposal could extend the current voluntary exit scheme, which offers 10,000 Swedish crowns (approximately $960) and travel costs for refugees to leave the country, to include naturalized Swedish citizens and migrant families. The inquiry group behind the proposal emphasized that they do not intend to send a negative message to immigrants, stating, «they are not welcome in Sweden.» Despite this, the group rejected suggestions to increase the grant amount, which has sparked debate. The proposal emerges amid recent data showing that more people left Sweden than arrived last year, marking the first net migration loss in over 50 years. Swedish Migration Minister Maria Malmer Stenergard highlighted the importance of sustainable immigration to strengthen integration and reduce social exclusion. She noted that the number of asylum applications is at a historic low, with asylum-related residence permits continuing to decrease. However, the government's intent to maintain migration control while avoiding sending the wrong message to immigrants remains a delicate balance.

jingoism is alive and kicking. This has nothing to do with the 147-word vocabulary-constrained logorrhoea of Donald Trump. Or the equally muddled manifesto of Project 2025 — a political initiative published by the Heritage Foundation that aims to promote conservative and rightwing policies to reshape the US federal government if the Orange One wins in November — which could elevate the standing of the US presidency at the expense of that nation and make some frustrated autocrats in other large democracies green with envy. Instead, it has everything to do with the steadfast rejection of that silently dissenting historical witness: fact. This is a serious problem in an age liberated by individual interpretation, PC rendering, social media influence, and compensative revisionism. In such a situation, fact is bound to be unreliable, because it stubbornly refuses to be explained, restrained, swayed, or altered. This is why fact-checking should only be invoked to contest the statement of an opponent, never to question the foundation of a belief.

secular civil code", the All India Muslim Personal Law Board on Saturday underlined the Law Commission's 2018 assertion that a uniform civil code is neither necessary nor desirable and asserted that any attempt to bring it would be «unacceptable». The All India Muslim Personal Law Board (AIMPLB) said it considers the prime minister's call for a secular civil code and terming religious personal laws as communal ones «highly objectionable». The AIMPLB said in no uncertain terms makes it clear that it is «unacceptable» to the Muslims as they will never compromise with the Muslim Personal Law.

Budget 2024 brought about several changes to the capital gains structure, tax deducted at source (TDS), and other related aspects. However, if you are a senior citizen, many of these changes may not have a significant impact on you. It is essential for senior citizens to understand the implications of Budget 2024 and how it will affect their tax planning.

Here's a list of small finance banks offering up to 9.5% on senior citizen FDs for amounts above Rs 3 crore. (Senior citizens are those aged 60 and above).

equity instruments of a local company in exchange for those of a foreign firm in a significant rejig of foreign investment norms. Investments by an overseas citizen of India (OCI) on a non-repatriation basis would not be counted as indirect foreign investment, as per the changes, which were announced late on Friday. The amendments in the Foreign Exchange Management (Non-debt Instruments) Rules follow the budget pledge by finance minister Nirmala Sitharaman to simplify overseas investment rules. The latest changes have aligned the provisions governing downstream investments by overseas citizens of India with those for non-residents. This, experts said, would encourage greater participation of NRIs in the country's economy. Easier share swap rules will «facilitate global expansion of Indian companies through mergers, acquisitions, and other strategic initiatives», the finance ministry said. The government also clarified that transfer of all shares in companies having foreign direct investment (FDI) from countries sharing land borders with India would require prior nod irrespective of the sector.

Five people have been charged in connection with Matthew Perry’s death from a ketamine overdose last year, including the actor’s assistant and two doctors.

India has faced as much scrutiny as Aadhaar. Civil society organisations had labelled it a step toward an Orwellian state, while others argued that it fostered exclusion. Some even alleged that it facilitates illegal immigrants obtaining Indian citizenship. Even a parliamentary standing committee criticised it as directionless and unnecessary. Despite these obstacles, Aadhaar is now central to India's public service delivery systems, and plays a crucial role in digital transactions through authentication services. It has created multiple digital artefacts, including eKYC, online digital signatures (eSign), DigiLocker and Consent artefacts. Aadhaar has made great strides in streamlining processes by cleaning up databases, such as PAN and bank accounts. Its eKYC services have minimised costs and friction in transactions. JAM has enhanced financial inclusion and facilitated DBT on a massive scale, with 118 bn authentication transactions and 14 bn eKYC transactions recorded to date.

Public spaces like hospitals have been found to be unsafe for women. What's more, the authorities' ability/willingness to go beyond lip-service and the motions has been brought into question.

National Conference (NC) president Farooq Abdullah on Friday said that he will contest the upcoming Jammu and Kashmir assembly elections, which are scheduled to take place in three phases from September 18. «I will contest these elections, Omar Abdullah will not contest the elections. When the state status is granted then I will step down and Omar Abdullah will contest from that seat,» Farooq Abdullah said on Friday. The Assembly elections in the Union Territory of Jammu and Kashmir will be held in three phases from September 18 and the results will be announced on October 4.

Mpox by health officials in the region.

RBL Bank RBL Bank has launched a special fixed deposit termed as 'Vijay Fixed Deposits'. This limited-time offer honors the bravery and sacrifices of India’s warriors offering significant financial rewards. The 'Vijay Fixed Deposits', has been designed to show appreciation for our military men, an RBL bank press release stated.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

The Ecuador Central Bank has warned citizens about the dangers of crypto as Worldcoin (WLD) adoption continues to increase in the Latin American nation.

According to SBI's website, the one-year MCLR has increased from 8.85% to 8.95% starting from August 15, 2024. Home loan interest rates August 2024: Banks offering cheapest home loan interest rates for amounts above Rs 75 lakh

Independence Day in India, a day to honor and remember the sacrifices of the freedom fighters. In celebration of India's 78th Independence Day, we present notable quotes and slogans by freedom fighters, along with poster drawing ideas and captions for this significant national day. Independence Day in India is a time to pay tribute to the countless freedom fighters who fought for the country’s independence. As citizens reflect on their sacrifices, various quotes and slogans from these fighters serve as an inspiration and reminder of the relentless struggle for freedom. Freedom fighter quotes offer timeless wisdom and patriotic fervor. Mahatma Gandhi once said, “Let us all be brave enough to die the death of a martyr, but let no one lust for martyrdom.” Another profound quote by Bal Gangadhar Tilak reads, “Swaraj is my birthright, and I shall have it!” Reflecting on the price of freedom, Rabindranath Tagore stated, “We gain freedom when we have paid the full price.”

Prime Minister Narendra Modi on Thursday said that his government has taken big steps to boost infrastructure in the country in the last 10 years. Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, the prime minister said,«There has been tremendous progress in infrastructure in the last ten years. We have also given priority to ease of living.» He said four crore houses have been constructed by his government, and three crore more are on the way. «We have taken big steps to boost infrastructure in the country in the last ten years,» the prime minister said.