Citizens Financial News

Financial Services Commission (FSC) of Mauritius said IPE Plus Fund and IPE Plus Fund 1, which were mentioned in the Hindenburg report as investment vehicles in which Sebi chief Madhabi Puri Buch and her husband Dhaval Buch were investors, are not licensees of the regulator and are not domiciled in Mauritius. The Mauritius regulator, responding to the Hindenburg report, clarified that its legislative framework does not allow the creation of shell companies.

Inflation cooled last month to its lowest level in several years, data today from the Bureau of Labor Statistics show, reenforcing estimates that the Social Security COLA next year will be around a modest 2.6 percent.

Indian embassy here on Wednesday advised its citizens, including students, residing in Bryansk, Belgorod, and Kursk regions of Russia to relocate temporarily to safer places, citing recent «security incidents» in these areas following the intensification of the Russia-Ukraine war. The security advisory was issued hours after Russia's Belgorod border region declared an emergency under heavy shelling by Ukrainian forces that are pressing a major cross-border incursion into the adjacent Kursk region for a second week. An emergency was declared in Kursk last Saturday after Ukrainian forces on August 6 launched an incursion into the region, marking a significant escalation in the ongoing Russia-Ukraine war, with both sides reporting casualties and territorial gains. «In view of the recent security incidents in Bryansk, Belgorod and Kursk regions, Indian nationals are advised to take necessary precautions and temporarily relocate outside these regions,» the Indian embassy said.

German prosecutors have issued a first arrest warrant in their investigation into the undersea explosions in 2022 that damaged the Nord Stream gas pipelines between Russia and Germany, according to a media report

Karnataka Congress legislator on Wednesday urged Prime Minister Narendra Modi not to hesitate to take decisive military action like former PM late Indira Gandhi did in 1971. Rizwan Arshad, who represents Shivajinagar Assembly constituency in Bengaluru, in a letter to Modi, also appealed to him to take «decisive action» to not only address concerns of minorities in Bangladesh but also in India, who have been under «constant attack both economically and socially by the right wing.» «I write to you today as a concerned citizen of India deeply distressed by the recent reports and videos circulating on social media, highlighting the ongoing political turmoil in Bangladesh and the atrocities being reported against Hindu minorities in the region,» Arshad said.

The other day, I was sitting withtwo of myfriends—one a consultant and the other an employee—when the conversation turned to taxes. My colleague, an employee, was surprised to learn that he had been paying a professional tax of ₹200 every month, automatically deducted from his salary by his employer. The consultant, on the other hand, was fully aware of this tax, as he had to handle the payments himself.

RG Kar Medical College students' protest turned into a mass movement on Tuesday with actors, singers, intellectuals, senior doctors, political leaders and students of other universities joining the protest while demanding justice for the rape and murder of a second year Post-Graduate student last Friday. The huge protests were a reminder of the anti-Nandigram movement days. The medical students continued to protest across West Bengal and other parts of the country. Earlier today, doctors and medical students held protests at AIIMS Delhi and other hospitals after the Federation of All India Medical Association called for a nationwide shutdown of OPD services from Tuesday, showing solidarity against the doctor. They raised slogans and demanded justice for the murdered student.

Federal prosecutors have charged two former Los Angeles County sheriff's deputies and two former foreign military officials with threatening a Chinese national and his family with violence and deportation during a sham raid at his Orange County home

Earn up to 7.9% FD rate: 5 banks revise fixed deposit interest rates in August 2024

On 21 July, I visited the Bank of England Museum in London. It was an interesting and an engaging experience. Nonetheless, I was left wanting more, simply because I thought the museum would be more about the history of money than about who did what at the Bank of England since its establishment in 1694.

Himanta Biswa Sarma said that police prevented four Bangladeshi nationals from entering India illegally through Karimganj district. Sarma stated on X, “This morning at 1:30 AM, Bangladeshi citizens identified as Motiur Seikh, Mushiar Mullah, Tania Mullah, and Rita Mullah attempted to enter India through the Karimganj sector of the India-Bangladesh border. However, police effectively intervened at the zero point and promptly repelled them, preventing their unauthorized entry.” He told media persons these people were Rohingyas and it is not related to the ongoing crisis in Bangladesh.

Narendra Modi government over the Hindenburg Research's allegations against SEBI chairperson Madhabi Buch, the Congress on Monday threatened to launch a nationwide protest if its demand for a JPC (Joint Parliamentary Committee) probe into the matter is not accepted. AICC general secretary (Organisation), K C Venugopal, described the allegations as «very serious» and accused the Prime Minister of supporting Adani on the matter. «The Prime Minister's silence on the matter amounts to a destruction of credibility,» Venugopal told reporters at the airport here.

home ministry with state governments for extending invitation to the 'At Home' function at Raj Bhavans on Independence Day. Those whose names were mentioned during Prime Minister Narendra Modi's "Mann ki Baat" radio broadcast, "Swacchagrahi" or foot soldiers who have played a key role in cleanliness drives and women sarpanches (village heads) are also part of the list shared by the Union Ministry of Home Affairs to be invited for the function. Every governor and lieutenant governor hosts the respective chief minister, ministers, top civil, police officers, prominent citizens with high tea at their official residence — Raj Bhavan or Raj Niwas — in the evenings of every Independence Day and Republic Day. The event is called 'At Home'. In a communication to chief secretaries of all states, the home ministry said the 'At Home' function should be commenced after 6 pm.

Arvind Kejriwal has filed a petition in the Supreme Court challenging his arrest by the Central Bureau of Investigation in the excise policy case and has also filed a bail plea. The Delhi High Court had earlier dismissed his petition challenging the arrest and advised him to seek bail from the trial court. While dismissing Kejriwal's plea challenging his arrest, the HC stated that the prosecution has explained that, respecting his position as Chief Minister of NCT of Delhi, the police treaded with trepidation and caution and proceeded to collect the evidence from other persons suspected to be the accused. Consequently, extensive investigations were carried out across India to ascertain the entire web of conspiracy involving numerous persons. In his plea to the Delhi HC, CM Kejriwal stated that he is the National Convenor of a National Political Party (Aam Aadmi Party) and the sitting Chief Minister of Delhi, who is being subjected to «gross persecution and harassment for wholly malafide and extraneous considerations.»

The South Korean CEO of a tech firm has been arrested for allegedly masterminding an Ethereum (ETH) -themed crypto-powered fraud scheme that sucked in around 500 victims.

Uttar Pradesh took out a protest march on Sunday over attacks on Hindus in Bangladesh. People in Varanasi took out a protest march in the city. In Ayodhya, Mahants and Hindu organisations took out a protest march in the city. Former BJP leader Pandit Sunil Bharala said, «The Hindu minority in Bangladesh is under threat at the moment. The temples and mutts are not secured and at night they are guarding it. Our daughters are also not safe. I condemn these attacks and appeal to the Bangladesh interim government to protect them. Our Prime Minister Narendra Modi has taken a strong stand on it. There is anger in the country. India should take a strong decision on this issue if this continues.»

justice, 'gram nyayalayas' or village courts are today finding it difficult to live up to their purpose due to manpower shortage and financial crunch. So far 481 gram nyayalayas have been notified by 15 states, of which 309 have been made operational in 10 states, the law ministry told Parliament in the just-concluded Monsoon session. In 1986, the law commission had suggested setting up village courts to provide affordable and quick access to justice to citizens at their doorsteps. After years, The Gram Nyayalayas Act, 2008 came into effect from Gandhi Jayanti the next year. The Act provides for the establishment of gram nyayalayas at the grassroots level to provide access to justice to the citizens at their doorsteps and to ensure that opportunities for securing justice are not denied to anyone due to social, economic or other disabilities.

Hindenburg Research as “baseless ”, Sebi chief Madhabi Puri Buch and her husband Dhaval Buch today said the US-based short-seller is resorting to character assasination in response to a show-cause notice issued by the regulator in the Adani controversy. “It is unfortunate that Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same,” the husband-wife duo said in a late night statement.

India took a significant leap by introducing 8 national high-speed road corridors spanning 936 km. With an investment of Rs 50,655 crore, these corridors are set to revolutionise connectivity and boost economic growth across India, posted MyGovIndia on X, the citizen engagement platform of Government of India. These corridors will not only streamline transportation but also spur economic growth, making them a critical step forward in connecting India like never before.

Japan is to live with the risk of a devastating earthquake at any time. Usually, however, people tend to view that threat in the abstract. It’s kind of like thinking about death — I know I’ll die someday, but I hope it won’t be today. And so far, at least, I keep getting lucky. Until we don’t. Thursday’s announcement from Japanese authorities, warning of an increased risk of a long-feared megaquake, forced citizens to consider the very real and immediate danger of an event that would devastate the country and upend life as we know it.