Citizens Financial News

Rajya Sabha elections, within the rights guaranteed to us by the Constitution, every citizen is eligible to vote as per their conscience. We have just exercised our right and voted for a resident of Himachal Pradesh Harsh Mahajan... If the thoughts and ideas of a person are suppressed, and the person is sidelined, it is not just a loss of the person's self-respect but it is also a loss of the people who've elected the person..." rebel Himachal MLA Chaitanya Sharma told news agency ANI after joining BJP.

Indian Navy said in a press conference on Saturday. The Indian Navy said that besides the anti-piracy operations in the Arabian Sea, including 'Operation Sankalp' and other missions, it also responded to 13 attack incidents to save lives of 110 lives which included 45 Indians and 65 international citizens. «Indian Navy has saved 110 lives in the operations which includes 45 Indians and 65 international citizens during Operation Sankalp and other missions. It has also responded to 13 attack incidents,» the Indian Navy said.

Bhutan. PM Modi was on a visit to Bhutan from March 22-23, where not only he met the top leaders but also inaugurated the Gyaltsuen Jetsun Pema Wangchuk Mother and Child Hospital in Bhutan indicating the shining example of a strong partnership between the two countries in healthcare. Prime Minister Modi was also conferred with the 'Order of the Druk Gyalpo', Bhutan's highest civilian honour, which he dedicated it to the 140 crore people of the country.

Prime Minister Narendra Modi inaugurated the Gyaltsuen Jetsun Pema Wangchuck Mother and Child Hospital along with his Bhutanese counterpart, Dasho Tshering Tobgay, here on Saturday morning. Bhutanese Prime Minister Tobgay expressed his gratitude towards the Indian government for fully funding the construction of the state-of-the-art hospital. Speaking to prior to the inauguration of the hospital, Bhutan PM Tobgay said, «In a while, Prime Minister (Modi) is going to inaugurate this wonderful hospital. The Gyaltsuen Jetsun Pema Wangchuck Mother and Child Hospital has been fully funded by the Government of India.»

IDFC First Bank MD and CEO V Vaidyanathan is at it once again. The banker has gifted 7 lakh shares worth nearly Rs 550 crore of the private sector lender to five people, including an Air Force veteran and a child who lost a parent. Regulatory filings show that Vaidyanathan gifted 50,000 shares of IDFC First Bank to Sameer Mhatre for buying a house, 75,000 shares to Mayank Mrinal Ghosh as «financial Security to kin due to Bereavement of colleague», Rs 2.5 lakh shares to Wg. Cdr. (Rtd.) Sampath Kumar in the form of assistance to a senior citizen.

‘New India does not tolerate pain of terrorism but teaches lesson,’ says PM Modi According to the Ministry of External Affairs, Indai-Bhutan shares an enduring partnership, rooted in "mutual trust, understanding, and goodwill". PM Modi's visit will provide an opportunity for both sides to exchange views on bilateral and regional matters of interest and deliberate on ways to expand and intensify partnership for the benefit of citizens, MEA said.

Opponents of online sports betting in Florida have lost their latest fight against a Seminole Tribe agreement with the state that permits the gambling

The Employees’ Provident Fund (EPF) stands as an excellent avenue for retirement savings in India. It promotes consistent savings by involving contributions from both employees and employers. The automatic deduction from your salary for EPF renders it an exceedingly convenient method for retirement savings. Below is an outline of the contribution framework:

In this world nothing can be said to be certain, except death and taxes.

Question: What is an updated return of income? When shall a taxpayer be eligible to furnish the same?

Election Commission of India (ECI) has asked the ministry of electronics and information technology to ensure that no messages regarding the Viksit Bharat Model are delivered to the WhatsApp numbers of users from today keeping in view the ongoing model code of conduct (MCC) before the 18th general elections, scheduled to take place between April and June. “The Commission has received complaints from various quarters that such messages are still being delivered on citizens' phones. Since the MCC is now in force, you are hereby directed to ensure forthwith that no further delivery of 'WhatsApp messages' take place during MCC period. A compliance report in this regard may be sent immediately,” the ECI letter to the IT ministry said.

Bombay High Court has said banks and financial institutions should pass reasoned orders before declaring an entity or person a wilful defaulter under the Reserve Bank of India's Master Circular. A division bench of Justices B P Colabawalla and Somasekhar Sundaresan, in its order on March 4, noted that wilful defaulters are ostracized from access to the financial sector and hence, the discretion given to banks under the circular should be exercised with caution as mandated by the RBI. «Banks and financial institutions that seek to invoke the Master Circular to declare occurrence of wilful default, must share the reasoned orders passed by its Identification Committee and Review Committee,» the HC said. The bench was hearing a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challenging an order passed by the Union Bank of India in February 2023 declaring the firm and its promoters wilful defaulters under the 2015 Master Circular issued by the RBI.

Viksit Bharat Sampark’ with PM Modi's letter has been received by millions of Indians. The opposition has called PM Modi's Viksit Bharat Sampark letter to be a "blatant violation" of the model code of conduct.

Following the change, the bank currently offers interest rates ranging from 3% to 8% on deposits maturing in 7 days to 10 years for general citizens. For senior citizens, the bank offers additional spread of 0.50% p.a. over the above rate, interest rate varies from 3.50% to 8.50%. The highest interest rate of 8% and 8.50% is offered on tenure of 500 days. Also read: FD rates up to 9.5%: These 8 banks offer over 9% interest rate on fixed deposits for senior citizens

Gurpatwant Singh Pannun on American soil, according to the Biden administration. An Indian national, Nikhil Gupta, was charged by federal prosecutors in November last year in connection with his involvement in a foiled plot to assassinate Pannun, who holds dual citizenship of the US and Canada. US federal prosecutors have charged that Gupta was working with an Indian government employee and had agreed to pay an assassin USD 1,00,000 to kill Pannun, who lives in New York City. India has already constituted a probe committee to investigate the allegations.

Silicon Valley Bank plans to sell its entire stake in Indian subsidiary SVB Global Services India to lender First Citizens Bancshares, it said in a filing on Wednesday. SVB Financial Group is currently seeking approval from a bankruptcy court, with a hearing scheduled for April 9.

Hong Kong gets new security law 'to crush dissent': How will it impact citizens? Additionally, the Indian passengers must have the following: Passport validity of at least six months, confirmed return or onward tickets, confirmed hotel booking, proof of bona fide purpose of visit, and proof of sufficient financial provisions. The Consulate General of India, also pointed out that holding Pre-Arrival Registration (PAR) is not a guarantee of the registrant's successful entry in Hong Kong and the above-mentioned requirements need to be followed "Please note that holding a valid PAR is not a guarantee of the registrant's successful entry to the HKSAR.

Brenda O’Connor Juanas is different than most financial advisors in the US. As a citizen of both Canada and the US, she’s able to offer her Canadian clients the best of both worlds.

News18 summit, PM Modi said, “We are making road map for next 25 years and plan for first 100 days of our third term." Criticizing the Opposition, PM Modi said, “The opposition has hurled over 100 abuse at me and called me Aurangzeb. ‘Meri Khopdi Udaane Ka Plan Banaya’." A safe country is the basis of a developed India, PM Modi said adding that the National Democratic Alliance (NDA)-led government works with a 'nation first' approach, and that India has no reason to be behind any country. “Today world is calling 21st century India's century; India's confidence level can be seen in citizens' conversations today," said PM Modi.

Federal prosecutors in New York say two men are charged with starting a business in China using battery manufacturing technology pilfered from Tesla and trying to sell the proprietary information

NRI voters to cast their votes in the coming Lok Sabha polls that will be held in seven phases starting from April 19. The results will be announced on June 4. Calling all NRI voters to cast their vote this Lok Sabha Elections, said Press Information Bureau in a post on X. ALSO READ: Homecoming: Why NRIs are choosing India as their retirement destination