Citizens Financial News

Over 28 crore Indian citizens want to buy a house, among the 40-crore population that is yet to own a house in the country. CREDAI also projects that there will be a 7-crore additional housing demand by 2030. “Due to its strong multiplier effect coupled with robust real estate demand – for both housing and commercial – the sector is bound to play a critical role in multiplying GDP value and increasing revenues, per capita incomes that will aid further growth as a part of a self-sustaining cycle due to ever increasing consumption,” said CREDAI president Boman R Irani.

Lok Sabha polls 2024, Prime Minister Narendra Modi on Friday penned a letter to the nation, appealing to the people for their backing to construct a ‘Viksit Bharat’ or a developed India, and said that beauty of democracy lies in ‘Janbhagidari’ (public participation). In his address, Prime Minister Narendra Modi referred to the citizens as “dear family members," emphasizing that their partnership is on the brink of reaching a decade.

Karnataka Deputy Chief Minister DK Shivakumar has denied any water crisis in the city. Residents of Bengaluru, especially in Whitefield, KR Puram, Electronic City, RR Nagar, Kengeri, and CV Raman Nagar, have been facing severe water scarcity for the past few weeks. The Deputy CM who is also in charge of Bengaluru Development, said, “As far as Bengaluru is concerned, there is no water crisis.

Guwahati: Assam chief minister Himanta Biswa Sarma said that in the last three years enough groundwork was done to dispel doubts about the Citizenship Amendment Act (CAA). Sarma said, “When I became chief minister, I became sure that CAA rules would come as the act was passed by parliament. We started groundwork to dispel doubts about CAA.In the last three years we have done a lot of ground work.” He added that the rules say very clearly— those who came after 2014, will not get the benefits of CAA. In 2014, National Register of Citizens (NRC) process was on in Assam. “In the context of Assam, since we have already captured the data — so you see there is no application from Assam and no agitation.”

Senior citizens often go for fixed deposits, considering the safety and fixed return. Elderly investors are in for a sweeter deal this year as they can get an attractive fixed return on the Senior Citizen Savings Scheme (SCSS). Is SCSS a better option for senior citizens than tax-saving fixed deposits? Probably yes. But before you invest, let's compare the features and benefits of SCSS and five-year tax-saver fixed deposits (FDs).

The rise of digital payments in India has been revolutionary, fueled by technological progress and government efforts to promote cashless transactions and financial inclusion. Government initiatives like the 2016 demonetisation, aimed at reducing black money and encouraging cashless transactions, gave a significant boost to digital payments. Moreover, the introduction of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI) transformed the digital payment scene. Today, India boasts one of the world's most advanced digital payment systems. 

There’s another International Day on its way: 20 March. It’s marked on the calendar as the Day of Happiness. In an increasingly polarized world that looks set to become more so as political divisions deepen, where two major wars are raging, one in its third year and the other with no end in sight, and where not a single day goes by without countless acts of violence, celebrating an International Day of Happiness sounds absurdly Panglossian.

Russia is holding its presidential election from Friday as President Vladimir Putin is widely expected to secure victory, barring any unforeseen developments. The election results are anticipated to be announced shortly thereafter, with the winner set to be inaugurated in May. If successful, Putin will begin another six-year term, extending his tenure as the longest-serving Kremlin leader since Josef Stalin.

Gaza." According to eyewitnesses, the area was struck by what sounded like artillery fire or a tank. In a statement on Thursday, Gaza Civil Defense Spokesman Mahmoud Basal accused Israel of being responsible for the attack, CNN reported.

updating their aadhaar card details must do so before June 14. Earlier the deadline was March 14 before it got extended. In their aadhaar card details, one can change their name, address or mobile number without having to pay a fee.

population census, according to people familiar with the matter. The Statistics Ministry has made a number of proposals that have been discussed by Prime Minister Narendra Modi’s office in the past month, the people said, asking not to be identified as the discussions are private. These include reviving its survey of businesses, last released in 2014, and publishing the household consumption survey on an annual basis, the people said. It also plans to introduce a uniform base year for key indicators and update the basket of goods for calculating inflation, they said.

As the current financial year ends on March 31, 2024, many taxpayers are already planning their investments for the next year. However, it’s also important to focus on the closing year, FY 2023-24. By taking some simple steps now, you can save on taxes before the deadline arrives.

(Owing to their business model, small finance banks cannot be kept on par with other scheduled commercial banks. Hence FDs from small finance banks are also not comparable in terms of risk profile to full-service banks. However, when it comes to insurance, do keep in mind that deposits in small finance banks are also insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) to the tune of Rs 5 lakh. Most of the experts advise layman retail investors to keep their exposure limited in FDs of small finance banks so that it is well within DICGC cover of Rs 5 lakh including principal and interest.) Ujjivan Small Finance Bank

Lok Sabha Elections 2024 around the corner, every Indian citizen must ensure their voice is heard through the ballot box. The first step towards exercising this fundamental right is to ensure your name is enlisted in the Election Commission's voter list. Here's a comprehensive guide on how you can add your name to the voter list and participate in shaping the future of our nation:

Also Read: SBI vs Bank of Baroda green fixed deposits: Check tenure, interest rate, and other details here The Amrit Kalash deposit scheme is a specific tenor FD offered with a tenure of 400 days. The interest rate offered on this FD is 7.10% p.a. (as of 13th March 2024).

“If they don’t start putting money back in people’s pockets instead of filling their pockets, guess what? They’re going to get annihilated, as I’ve said before, they’re done. They’re done like dinner,” Ford said at a housing announcement in Pickering, Ont. Wednesday.

Citizenship Amendment Act seeks to grant citizenship to undocumented non-Muslim migrants from Pakistan, Bangladesh and Afghanistan who came to India before December 31, 2014. Sharing Abhinav's viral video on CAA, Rajya Sabha MP and Shiv Sena (UBT) leader Priyanka Chaturvedi in a post on X (formerly Twitter) said, "Do listen to Abhinav Chandrachud on not just CAA but also the constitutional gaps over the years on citizenship." Abhinav has argued that those not falling under the CAA, have to wait for 11 years to become an Indian citizen by naturalisation constitutionally, while those covered under the CAA get to be a citizen in 5 years. "This does not make any sense to me." "The residence requirement in India has been reduced by the Citizenship Amendment Act.

magnitude 6.0 earthquake hit Papua New Guinea early Thursday, about 65 kilometres southeast of the town of Kimbe, the United States Geological Survey said. The quake had a depth of approximately 50 kilometres (31 miles), and struck outside Kimbe, in the West New Britain region, at about 1:13 am (1513 GMT Wednesday), the USGS said.

Mamata Banerjee of «spreading falsehood» on the issue of notification of CAA, senior BJP leader Suvendu Adhikari on Wednesday said that bonafide citizens need not worry as they will continue to live without any fear. Addressing a public meeting at Ranaghat in Nadia district, the Leader of Opposition in the state assembly asserted that Muslims living in the country for centuries are bonafide citizens and urged them not to be «misled by false claims of Banerjee» as «they will continue to live without any fear or hassle». Claiming that the CAA was a precursor to implementing the National Register of Citizens (NRC) across the country, TMC supremo Mamata Banerjee had on Tuesday said, «I apprehend that existing citizens would automatically be first designated as illegal immigrants and then left at the mercy of the committee to grant them citizenship afresh.» Adhikari also asserted that the law would enable three crore Bengali Hindus, who were forced to emigrate from erstwhile East Pakistan, to get their citizenship rights affirmed once and for all.

ANI quoted him as saying. In the meantime, reports arrived that people in Bengaluru are calling for a shift to online work or work-from-home until the monsoon season.

By David Shepardson