Citizens Financial News

Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samriddhi Saving Certificate, Kisan Vikas Patra, National Savings Certificate (NSC), and Senior Citizen Savings Scheme (SCSS) have their interest rates due for review. The government determines the interest rates for these small savings schemes every quarter.The government had kept the interest rates on small savings schemes unchanged for the April-June quarter.Ashish Aggarwal, Director at Acube Ventures, suggests that a hike in interest rates would signal a move towards encouraging household savings, which have been stagnant in recent years.

₹7 lakh, wider tax slabs, and lower surcharges for the super rich. However, the last three budgets have not seen any new benefits or deductions under the old regime to reduce taxpayers' net tax liability or provide additional incentives for investments or certain expenses. It is clear that the government aims to encourage taxpayers to switch to the simpler new tax system.

Unity Small Finance Bank (Unity Bank), a new-age digital first bank, has raised interest rates for its fixed deposit and savings account customers.

HDFC Bank has launched a new digital investment platform ‘SmartWealth’, aimed at revolutionizing the wealth creation journey by incorporating cutting-edge technology.

fixed deposit (FD) interest rates across tenors. SBI has increased FD rates by 75 basis points or bps (0.75%)—from 4.75% to 5.5% for deposits maturing between 46 days and 179 days. For longer tenors, the rate hike has been restricted to 25 bps (0.25%).SBI has increased interest rates for 180 days to 210 days from 5.75% to 6% and for those from 211 days to less than a year from 6% to 6.25%.

Paul Graham of Y Combinator recently shared an anecdote that perfectly encapsulates the challenge of regulating artificial intelligence (AI). When he asked someone helping the British government with it what they would regulate, the response was a refreshingly honest, “I’m not sure yet." As Graham noted, this might be the most intelligent thing anyone has said about AI regulation thus far. AI creates a “pacing problem," first explained in Larry Downes’ book The Laws of Disruption.

The central government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024.

Ukraine is set to officially launch membership talks with the European Union later on Tuesday

Also Read- Amara Raja shares hit 20% upper circuit after subsidiary signs licensing deal with GIBThe government has received around Rs1.5 trillion in fiscal support since the interim budget presentation on February 1st, primarily due to the extra RBI dividend of Rs1.2 trillion.Secondly, the actual fiscal deficit for FY24 was 25 bps lower than estimated in the February'24 budget. The buoyancy from income tax adds almost ₹300 billion to the cushion.

Indira Gandhi declared a state of Emergency on June 25, 1975, which lasted for 21 months. This decision, announced in a broadcast on All India Radio, came shortly after the Supreme Court granted a conditional stay on the Allahabad High Court verdict, declaring Gandhi's election to the Lok Sabha null and void. The Supreme Court also asked Gandhi to stay away from parliamentary proceedings.

Passport Seva Divas emphasised that the ministry has rendered 1.65 crore passport-related services to Indian citizens in 2023 and over 14 lakh visa applications were submitted monthly. Extending his greetings to all passport authorities in India and abroad, Jaishankar said that the Ministry of External Affairs, along with the Central Passport Organisation, has been marking this occasion and renewing our commitment to provide passport and related services to citizens of India in a timely, reliable, accessible, transparent and efficient manner. «It gives me great pleasure to join all our passport-issuing authorities in India and abroad on the occasion of the 12th Passport Seva Divas,» he said in a post on X.

Earlier this year, the US bureau of labour statistics landed in an unusual controversy. An email sent to a group of ‘super users’ about methodological tweaks in inflation calculations for the month of January found its way to the press. Since the group of super users included leading investment banks and hedge funds, it raised suspicions about the agency sharing market-sensitive information with a closed group.

The Federal Investigation Agency (FIA) Anti-Human Trafficking Circle made the arrest on Sunday of the person identified as Azhar.

The cybersecurity firm Kaspersky has denied it is a security threat after the U.S. Commerce Department banned the use of its software in the United States

Jailscraper is set to be as tall as Big Ben in terms of size but, this massive jail, being planned in Chinatown, has already triggered locals who do not want to look up to see a massive prison in the sky. This enormous jail, according to a Daily Star report, is being built in the most popular districts in the United States, with plans for spending a whopping £12 billion for this project.

Monterrey, Mexico native learned he almost was American at birth. Suarez’s parents flirted with the idea of heading to America ahead of his 1992 birth and having the future NASCAR star born in the U.S. One problem, the cost was too prohibitive so the idea was scrapped.

immigration process at airports for pre-verified Indian nationals and people of Indian origin holding the Overseas Citizen of India (OCI) cards. Home minister Amit Shah inaugurated the Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) at the Indira Gandhi International Airport in Delhi. This facility will be available free of cost for all passengers, Shah said. Eligible individuals will need to apply online and submit their biometrics (fingerprint and facial image) along with other required information as specified in the application form for registration, explained officials. In the second phase, the programme will also cover foreign travellers, they said.

Meanwhile, on Saturday, Maharashtra Congress President Nana Patole inspected the cracks spotted on the Mumbai-Trans Harbour Link (MTHL), and alleged that these cracks are the result of corruption. Project Head Kailash Gantra said that the repair work will be completed by this evening.

exit polls allegedly being used for stock market manipulation, Axis My India's chief Pradeep Gupta has said he is open to facing all kinds of investigations and it would help do business in a much better way if the government frames specific regulations for pollsters. Opposition parties and several civil society groups have been asking for thorough investigations, including by capital markets regulator SEBI and a Joint Parliamentary Committee (JPC), after the stock markets witnessed a massive rally when exit polls gave a huge majority to the BJP but fell sharply after the actual results showed the ruling party falling short of a clear majority on its own. In an interaction with PTI editors at the agency's headquarters here, Gupta said he has been demanding formulation of norms and regulations for pollsters since five years.

Delhi Airport on Saturday became the first Indian airport to introduce the Government of India’s Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) for Indian passport holders and Overseas Citizen of India (OCI) cardholders. This facility aims to reduce congestion at airports by offering expedited emigration/immigration clearance for pre-verified travellers, both arriving and departing. Delhi Airport's Terminal 3 is equipped with eight electronic gates – four for arrivals and four for departures – to facilitate a seamless experience for programme participants. The number of counters may increase based on demand.

fixed-income investment instrument for many senior citizens. For seniors who are planning to lock their money in FDs, it is a good time to invest as several banks are still offering high interest rates on deposits. Interest rates on senior citizen FDs maturing in three years can go up to as high as 8.05% among public and private sector banks. Read below to find out the highest interest rates currently available on senior citizen FDs maturing in three years. Do note all the interest rates are applicable for FDs below Rs 3 crore maturing in three years and for individuals aged above 60 years but below 80 years of age.