Citizens Financial News

Delhi CM Arvind Kejriwal over unsolved issues of water scarcity and garbage in the city by Arvind Kejriwal and said " The way the Aam Aadmi Party (AAP) and Arvind Kejriwal have created a chaos in the country's capital, Delhi due to their dishonesty has created chaos. Every citizen in the city is suffering now because of their irresponsibility." The minister's attack came after several areas in Delhi's Bawana area came under flood when the Munak Canal Barrage sustained a breach on Thursday morning. Hitting out at the AAP government in Delhi the Union Minister said «They made false promises of cleaning the city and providing drinking water, closing drainages but they have not done anything. They could not provide the people with drinking water but focused totally on liquor.

Mint spoke with industry experts for their recommendations on what Sitharaman, in her second term as India's finance minister, could include in her full-year budget for FY25 next month.The Union government in its interim budget allocated ₹90,171 crore to the health sector for the financial year 2024-25, up from ₹79,221 crore in FY24. But the industry still feels this is low.“The National Health Policy has proposed an increase in public expenditure on healthcare to 2.5% of GDP by 2025.

By Simran Arora and Chris Warner

Kiren Rijiju today announced that the Budget Session of the Parliament will commence on and continue till August 22.

Sweden is launching a groundbreaking new law, allowing grandparents to care for their grandchild and get paid

After UK citizens head to the ballot box for the first general election since December 2019, analysts and traders will be waiting for the 10pm exit poll announcement to see who will form the next government. Historically, sterling has fluctuated before and in the immediate aftermath of major political decisions in the UK. Three weeks before the 2015 election, the pound fell to a five-year low and immediately after the 2016 Brexit referendum, sterling plummeted to its lowest level since 1985, according to data from Thomson Reuters. Oanda's Bambury noted: «In the seven days that foll...

Germany's top security official says the country will bar the use of critical components made by Chinese companies Huawei and ZTE in core parts of its 5G networks in two steps starting in 2026

US citizens are preparing to leave their country and are acquiring dual citizenship and buying off shore properties, ahead of the US Presidential Election in November. There is an increasing trend among those who can afford to move out expressing their willingness to leave the US. This has been prompted by a political culture that threatens violence and revenge against opponents. There are other reasons too. Trump has warned of retribution against his political opponents if he wins the election and a bloodbath if he loses, reminiscent of the attack on the Capitol Hill in 2020.

Anganwadis, schools, and pre-university colleges in Dakshina Kannada district are closed on July 6 due to heavy rainfall as IMD has issued a red alert. Kannada District Deputy Commissioner Mullai Muhilan issued an order that mentions the closure of Anganwadis, schools and pre-university colleges. «All Anganwadis, schools, and pre-university colleges on July 6, in response to a red alert issued by the India Meteorological Department (IMD) for heavy rainfall in the district,» Kannada District Deputy Commissioner Mullai Muhilan said in an order.

Q. What economic concerns are central in Britain’s 2024 election? A. Britain faces certain structural challenges now — growth is limping back to a very low level after a practically recessionary situation. It is unclear how GDP will increase. This problem is shared by other European economies and Japan as well. The United States escapes this by being a vast market with more robust demographics while Europe and Japan are ageing — one solution is immigration but it’s a highly problematic political issue in the UK. So, in Britain currently, there is no clear route to growth beyond 1% or 2% — we are not talking about anything close to the 6% or 7% seen in India.

Blackpink rapper Lisa will join the Global Citizen Festival lineup in New York’s Central Park for her first solo performance at a festival, the anti-poverty nonprofit announced Tuesday

NEW DELHI : Citizens always eagerly wait for the budget in the hope of getting more tax benefits. While the clamour for tax deductions grows, one aspect that is worrisome is the retail participation in high-risk investments like derivatives, intraday trading and high-fixed-return schemes. Driven by the stupendous performance and high taxation on regulated schemes, investors across age groups are investing in instruments that could carry much higher risk than they understand or can accept.

Eknath Shinde on Monday stressed the state administration's zero tolerance for injustice and directed the police to handle hit-and-run incidents involving powerful and influential individuals with utmost seriousness to ensure justice is served. Shinde's statement follows a hit-and-run incident involving a BMW car allegedly driven by the son of a Shinde-led Shiv Sena leader who fatally knocked down a 45-year-old woman riding pillion on a scooter in Mumbai. Expressing his deep concern over the rising number of hit-and-run cases in Maharashtra, Shinde said, «It is intolerable that the powerful and influential misuse their status to manipulate the system. Such miscarriages of justice will not be tolerated by my government.» He underlined the importance of protecting the lives of ordinary citizens and directed the state police to treat these cases with the highest priority.

Asset management companies (AMCs) in Gift City, Ahmedabad, are set for a major boost following a crucial regulatory change by the Securities and Exchange Board of India (Sebi). By eliminating the restrictive 50% cap on investments from Indians abroad in India-focused funds, Sebi has removed a significant hurdle that has long impeded the growth potential of these funds. For years, AMCs faced a stringent requirement: for every dollar accepted from non-resident Indians (NRIs) and overseas citizens of India (OCIs), an equivalent dollar had to be sourced from foreign investors.

July financial deadlines and rules change: In the month of July, there are several financial deadlines and changes in rules, which will come into effect. Besides, there is one key economic event – Union Budget, which is likely to be presented on July 23 or 24 in the second leg of the Monsoon Session of parliament.

Paradigm shifts in mainstream economic thinking usually accompany crises demanding new answers, as occurred after stagflation—low growth and high inflation—gripped advanced economies in the 1970s. And it may be happening again, as liberal democracies confront a wave of popular distrust in their ability to serve their citizens and address the multiple crises— ranging from climate change to unbearable inequalities and major global conflicts—that threaten our future.

Delhi, including four citizens who drowned in submerged underpasses, the Times of India reported, while flight operations stuttered in the Indian capital.

Calls have intensified for Justin Trudeau to resign as head of the party he almost single-handedly pulled back from the brink after a decimating electoral defeat in 2011.Still, Trudeau has been steadfast in his intention to lead the party into the next election.But even as several former elected Liberals, party faithful and strategists declare it’s time for the prime minister to step aside for fear of dragging the party down along with his personal polling numbers, many also admit a Liberal leadership race would be a risky and messy affair.The party hasn’t selected a new leader since 2013, when the Liberals changed the rules to give ordinary citizens a bigger say in who would take the reins of the party.It was part of the board’s “road map to renewal” plan to rebuild the party.The changes allowed a political movement to form behind Trudeau, who won the race easily and reinvigorated the party after a time of crisis.“It doesn’t matter to me if you were a Chrétien Liberal, or a Turner Liberal, or a Martin Liberal or any other kind of Liberal,” Trudeau told the cheering crowd after being voted in.“The era of hyphenated Liberals ends right here, right now, tonight.”His leadership did usher in a new era of Liberal unity, but Conservative strategist Ginny Roth said the party was also remade in his image.“The Liberal party was kind of rebuilt around Trudeau as a bit of a cult of personality, and that worked when he was popular,” said Roth, who served as Pierre Poilievre’s director of communications during his leadership race.Now that it’s no longer true, the very identity of the party is at stake.“I think a lot of Liberals are concerned about what a leadership race could mean, because there’s no real establishment.”If Trudeau

Interest rates on post office small savings schemes like Public Provident Fund (PPF), Kisan Vikas Patra (KVP), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme (SCSS), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS) have remained unchanged for the July-September quarter 2024.