Citizens Financial News

defence firms. Some 36% of exports came from missile, rocket and air defence systems, followed by radar and electronic warfare, weapon stations and launchers at 11% each, with crewed aircraft and avionics at 9%, the Defence Ministry said.

Senior citizens often like to park their money in schemes offering assured returns with the least amount of risk possible when it comes to investment. Older people can choose multiple investment options, but fixed deposits (FDs) are their safe bet for assured returns. They help them earn returns without affecting their investment due to market fluctuations.

Union Minister of State for Law and Justice (Independent Charge) Arjun Ram Meghwal on Sunday said the new criminal laws will be introduced from July 1, dismissing opposition allegations of not being consulted before the decision was made. Meghwal said the Indian Penal Code, Code of Criminal Procedure, and the Evidence Act will be replaced by the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Act. He added that necessary training programmes and infrastructure development for implementing the new laws are already underway. «The three new laws will be implemented from July 1 for providing timely, speedy, and error-free justice,» Meghwal said during the inaugural session of 'India's Progressive Path in the Administration of Criminal Justice System' held here on Sunday.

BJP on Saturday accused Congress of inadequate financial management in Karnataka after petrol prices were hiked in the state. It also announced a protest against the hike on Monday. The Karnataka government announced a price hike of petrol by Rs 3 and diesel by Rs 3.02 on Saturday. The move attracted strong reactions by citizens and opposition alike.

prosecution sanction against author Arundhati Roy and a former professor in Kashmir under the stringent UAPA for allegedly making provocative speeches at an event in Delhi in 2010. According to officials, the FIR against Roy and former Central University of Kashmir professor Sheikh Showkat Hussain was registered following the orders of the Court of Metropolitan Magistrate, New Delhi. Expressing disapproval of the move, the National Conference (NC) stressed the need to uphold the fundamental right of every citizen to free speech as guaranteed by Article 19 of the Constitution. «The NC expresses its strong disapproval of the prosecution of author Arundhati Roy and Dr Sheikh Showkat Hussain under the UAPA (Unlawful Activities (Prevention) Act). The use of anti-terror laws to suppress dissent and criminalize speech is deeply concerning,» it said in a post on 'X'.

The last date to update your Aadhaar card online for free has been extended to September 14, 2024. Earlier the last date to update the UID was set to June 14, 2024, by the Unique Identification Authority of India (UIDAI).

Bank fixed deposit rates: The Reserve Bank of India (RBI) recently announced raising the threshold for bulk fixed deposits to Rs 3 crore from the earlier Rs 2 crore. So, now your FDs worth up to Rs 3 crore will be considered as retail FD and above that mark will be categorised as bulk FD. Earlier, FDs of Rs 2 crore were considered as bulk deposits.

IUML) has launched a scathing attack against the ruling CPI (M) alleging that its "anti-Muslim campaigns" during the Lok Sabha polls had also helped the BJP to open its account in Kerala by winning the Thrissur seat. A key partner in the opposition Congress-led UDF, the IUML termed as a «mere joke» the Marxist party's campaign that if there was no Left, the Muslims would become second class citizens in the country. The CPI (M) often chose «double-edged tactics» for their marketing and the «BJP reaps what the Left party sows», claimed IUML supremo Sadique Ali Shihab Thangal in an interview that appeared on party mouthpiece «Chandrika» on Saturday. He urged everyone, including the Left party to introspect the reasons that contributed to the victory of the saffron party and its increasing vote share in Thrissur.

Maharashtra Housing and Area Development Authority (MHADA) on its premises in Mumbai revealed that 60 out of 62 hoardings were installed without the necessary No Objection Certificate (NOC) from MHADA. Following a tragic incident on May 13, where seventeen people died and 74 were injured due to a hoarding collapse amid strong winds and heavy rains in Mumbai's Ghatkopar, MHADA and the Brihanmumbai Municipal Corporation (BMC) have taken action. In a statement, dated June 14, the MHADA said they and the Brihanmumbai Municipal Corporation (BMC) have removed one of the unauthorised hoardings at the Shubh Jeevan Cooperative Housing Society in Juhu Vile Parle.

«The rates of interest on various Small Savings Schemes for the first quarter of FY 2024-25 starting from 1't April, 2024 and ending on 30th June, 2024 shall remain unchanged from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24,» stated an office memorandum issued by the Ministry of Finance on March 8, 2024.” Also read: Top post office schemes: These 9 small savings schemes offer above 7% interest rate

Advance tax means paying your income tax in installments throughout the year, rather than all at once at the end of the year. This is also known as «pay as you earn» tax because you pay as you receive income. The tax laws specify when these installments are due. The first instalment of advance tax payment for this fiscal year is June 15, 2025.

Jake Paul has claimed that he would back former US President Donald Trump in the Presidential election, as per a report on Fox News. Paul in an interview with claimed that he would vote for Trump in the upcoming election in November. Paul also pointed out at inflation, price rise, minimum wage, mortgages, jobs, and health of citizens. Meanwhile, Donald Trump criticized U.S. aid to Ukraine and suggested raising tariffs to replace the U.S. income tax on a Thursday visit to Capitol Hill where he also called the city hosting his party's presidential convention «horrible.»

A power company in Puerto Rico has restored electricity to most areas affected by a massive outage that hit the U.S. territory this week

Nirmala Sitharaman on Wednesday said the reforms momentum will continue, which will spur growth and ensure macro-economic stability, presenting an “optimistic economic outlook” for the coming years.

Banks have started raising their fixed deposit rates for general customers and senior citizens both as they are trying to balance their own lending rates and deposit rates after the Reserve Bank kept the key interest rate unchanged for the eight straight time on June 7.  

If you are one of those looking for a home under the Pradhan Mantri Awas Yojana (PMAY), then there is good news for you. The Modi government has approved the proposal to provide 3 crore additional rural and urban houses under PMAY.

₹ 5 lakh per family per year for secondary and tertiary care hospitalization."We have begun collecting data for the expansion of scheme. The aim is to include as many senior citizens as possible.

Also Read: Income Tax Return filing: Salaried individuals need to be aware of these 5 key pointsSeveral deductions are encompassed within Section 80C of the Income Tax Act in India. This provision enables you to claim deductions for various investments and expenses, thereby, reducing your taxable income and potentially decreasing your tax liability.

The fixed deposit rates of small and large banks as well as non-bank lenders keep changing periodically, depending on various factors including the interest rate regime guided by the Reserve Bank. Many major banks including, SBI and Yes Bank, have revised their fixed deposit interest rates recently.

Fixed deposits (FDs) have long been a popular investment choice among investors, especially senior citizens looking for stability and regular income. Senior Citizen FDs are specifically tailored to cater to the needs of this demographic, offering higher interest rates and other benefits.

Following the success of Phase 1, Raheja Developers has announced the launch of the ‘Surakshit Nivesh Yojana Scheme’ (Phase 2) at the Delhi Mall Complex project, Main Patel Nagar Road, New Delhi. Renowned actress and environmental activist Dia Mirza inaugurated the scheme.