Citizens Financial News

Modi alleged on Friday that Congress has reached a level of craziness where it intends to terminate India's nuclear weapons if it comes to power, restore Article 370 that gave special status to Jammu and Kashmir, and annul Citizenship Amendment Act. At an election rally in Mandi, he also attacked those who had used unsavory language against BJP candidate and actor Kangana Ranaut during the campaign. «You have seen Congress rule for decades. Congress likes a Bharat which is poor, citizens are surrounded by problems… Hence, it wants to bring back the old situation in the country. It wants to put reverse gear in the country's progress. Hence, Congress is saying if it comes to power, it will bring back Article 370 and annul CAA… It has reached a level of craziness where it is saying it will terminate India's nuclear weapons. They are making these announcements in their election campaign,» Modi said. The prime minister further charged Congress with being staunchly communal and practices appeasement politics for vote bank.

Also Read: Bangladesh MP found dead in Kolkata: From India visit to murder, here's how things unfoldedAccording to officials, two of the criminals had put up at a hotel in New Market area in Kolkata for at least four days before the ‘killing’.The Member of Parliament (MP), who represented Jhenaidah-4 constituency in Bangladesh, had entered in India on on May 12. However, on May 18, Gopal Viswas, the family friend of the MP in Kolkata's Bidhannagar filed a missing complaint.According to PTI, an investigating officers in the West Bengal CID claimed that the plot to kill the MP was well-planned in January in Bangladesh's capital city.Kolkata Police said that the circumstantial evidence indicated that the MP was first strangulated and killed after which his body was chopped into pieces.The officer said that it seemed that the butcher was "illegally brought" to India to help them execute the crime."It's unthinkable, the way Anar's body was mutilated and then skinned to hide his identity.

Modi alleged on Friday that Congress has reached a level of craziness where it intends to terminate India’s nuclear weapons if it comes to power, restore Article 370 that gave special status to Jammu and Kashmir, and annul Citizenship Amendment Act. At an election rally in Mandi, he also attacked those who had used unsavory language against BJP candidate and actor Kangana Ranaut during the campaign. “You have seen Congress rule for decades. Congress likes a Bharat which is poor, citizens are surrounded by problems… Hence, it wants to bring back the old situation in the country. It wants to put reverse gear in the country’s progress. Hence, Congress is saying if it comes to power, it will bring back Article 370 and annul CAA…. It has reached a level of craziness where it is saying it will terminate India’s nuclear weapons. They are making these announcements in their election campaign,” Modi said. The prime minister further charged Congress with being staunchly communal and practices appeasement politics for vote bank.

President Vladimir Putin has signed a decree allowing Russia to confiscate U.S. assets to compensate for any Russian assets confiscated in the United States

UK Prime Minister Rishi Sunak's request for dissolving the Parliament and holding fresh General Elections, the UK citizens and parties are gearing up to go to polls sooner than expected. The voters will choose 650 members of the House of Commons, the lower house for a term of five years. The party that commands a majority of seats in the lower house, either alone or in coalition, will form the next government and its leader will be the prime minister. The center-left Labour Party under the leadership of Keir Starmer is considered to be in the strongest position. It will be pitched against the ruling Conservative Party under the command of Rishi Sunak. Polling will be held on July 4.

fixed deposit (FD) is a logical thing to do for gradual wealth creation. You invest a small or large sum in a term deposit and then stay stress-free until the date of maturity.

Post office savings schemes: The government revises rates of small savings schemes, including post office plans, every three months. Interest rates were left unchanged for the April-June 2024 quarter for these small savings schemes. Despite no increase in rates of these savings instruments, these post office schemes are still giving better returns than most bank fixed deposits (FDs), especially those by public sector banks.  

The Reserve Bank of India’s latest data on ‘Sectoral Deployment of Bank Credit’ has unveiled a remarkable trend in the housing sector. With a substantial surge in outstanding loans over the past two financial years, the data underscores the burgeoning growth of India’s residential real estate market and the escalating demand for homes nationwide.

Financial products are usually meant for young generations as they understand the technology well and can use them more appropriately. That is, however, fast becoming a thing of the past. These days even seniors have started using financial products more frequently. For instance, the adoption of credit cards by all age groups has become a new trend now. Many senior citizens like to have credit cards and keep spending based on their requirements.

US State Department issued a travel advisory asking its citizens not to travel to this Latin American country. It has issued a «Level 4: Do Not Travel» travel advisory, its most serious warning. The department has warned Americans not to travel to this oil-rich country due to high levels of crime and civil unrest under the socialist rule of President Nicolas Maduro, reports the 'New York Post'.

MUMBAI:PocketATM, a fintech startup facilitating cash withdrawals from neighbourhood grocery stores, is expanding its customer base beyond senior citizens and people with mobility challenges."We are building doorstep banking at PocketATM via supply from neighbourhood stores instead of bank ATMs and branches, so essentially, we are elevating convenience," said Mihir Mehta, chief executive, PocketATM, at the Mint Digital Innovation Summit 2024.Founders Mehta and Sushil Kurri spoke about financial inclusion discussed financial inclusion through digital innovation, highlighting how their doorstep cash delivery service, branded as 'Gharpe,' literally meaning at home, will attract more consumers."We want to become the Blinkit for banking," Mehta told Mint on the sidelines of the event on Friday.The startup, which raised $400,000 in February, plans to expand beyond metros. PocketATM intends to extend its services to tier 2 and tier 3 cities by encouraging merchants to exchange cash for customers using UPI transactions."While India has gone digital, the whole ecosystem is very cost heavy, and there is unorganized cash management, which is what we are trying to solve," said Mehta.PocketATM is also targeting foreign tourists, partnering with Cheq, a UPI payments app for foreign tourists and non-resident Indians visiting the country, to facilitate cash withdrawals.The fintech has incorporated advanced features such as geolocation and geotagging, enabling merchants to indicate their availability.

banks have revised their fixed deposit interest rate in the month of May. These banks include SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, Capital Bank Small Finance Bank.

In a dramatic turn of events, Tigran Gambaryan, a detained executive of cryptocurrency exchange Binance , collapsed in court due to alleged ill health during his ongoing money laundering trial on May 23, as reported by Vanguard .

The federal government plans to restore the rights of “lost Canadians” by allowing Canadians born abroad to pass down citizenship, even if their children were also born outside the country.

Yadav said, "Mahaul tana-tan tana-tan tana-tan, BJP safa-chat, safa-chat safa-chat, INDIA alliance ko vote mil raha hai thaka-thak, thaka-thak, thaka-thak."By this, he meant the atmosphere is absolutely stunning, the BJP will be ousted from power at the Centre and citizens are voting for the INDIA bloc in the Lok Sabha Elections 2024.Yadav's reaction was a response to a question about PM Modi and Amit coming to Bihar to campaign for the Lok Sabha elections. Amit Shah is scheduled address rallies in Bihar's Ara at 11:30 am on Friday.

Democratic People’s Republic of Korea, the citizens of this ‘hermit kingdom’ are in for a real shock. The state has introduced two new draconian laws which affect the citizen’s rights. The two new laws aim to curb South Korean influence in the north and another law is aimed at banning divorce.

The World Bank says poverty in Lebanon has tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis

IRDAI) on Wednesday released a master circular on corporate governance for insurers.Although the circular becomes effective upon issuance, the insurance companies are given time up to June 30, 2024 before they are mandated to adhere to the provisions of this 70-page circular. The latest set of instructions carries a set of disclosure requirements, among a number of other requirements, for insurance companies.

In synchrony with the broader national intent of India becoming a developed nation, the Insurance Regulatory and Development Authority of India (IRDA) has embraced the laudable goal of “India Insured by 2047." The objective is to ensure that “every citizen has appropriate life, health and property cover and every enterprise is supported by an appropriate solution" and to make India’s insurance sector “globally competitive," as elaborated in a press release. Enthusiasm within the IRDA is palpable. Coordinated attempts are afoot to usher in regulatory changes and push insurance companies to reach out wider, especially to the rural uninsured, and diversify their product baskets to make insurance more accessible, affordable and relatable.

Czech constitutional court on Wednesday said it had allowed the extradition of an Indian citizen suspected of involvement in an alleged plot to kill a Sikh separatist in the United States. The US Justice Department last November charged Indian citizen Nikhil Gupta with plotting to assassinate a Sikh separatist leader Gurpatwant Singh Pannun on US soil.

Israel on October 7, 2023, by Hamas militants, have once again outraged and angered people across the world. A new video has surfaced in which it can be seen how the militants surrounded five women and threatened them with rape, reports the 'New York Post'. The hapless female soldiers are already covered in blood and surrounded by dead bodies. The attackers can be seen gloating and announcing their apparent intention to sexually assault the female soldiers. 'Economic Times' has not verified the authenticity of the video.