Citizens Financial News

Ministry of Home Affairs (MHA) will be notified today, of the Rules under the Citizenship (Amendment) Act, 2019 (CAA-2019). These rules, called the Citizenship (Amendment) Rules, 2024 will enable the persons eligible under CAA-2019 to apply for a grant of Indian citizenship," Union Minister for Home Affairs said in a post on X. “The applications will be submitted in a completely online mode for which a web portal has been provided," it added.

Deccan Herald (DH) report, IT professional working at multinational companies have been moving back to their hometowns. Citing the example of a resident of Bengaluru's Ayyappa Nagar, Sumantha, the DH report said that he and his wife faced severe shortage of water, despite paying hefty rent. "The water crisis forced us to move temporarily.

Eknath Shinde on Monday inaugurated the south-bound corridor of Mumbai's coastal road, nicknamed Phase 1 of the Mumbai Coastal Road Project, stretching from Worli to Marine Drive in South Mumbai on Monday, March 11th. A 10.5-kilometer-long stretch will be opened for traffic in the first phase, an official said, adding that motorists can enter the coastal road from Worli Seaface, Haji Ali interchange and Amarson's interchange points, and exit at Marine Lines. “The maximum speed limit on Dharmveer Swarajya Rakshak Chatrapati Sambhaji Maharaj Marg (Coastal Road) will be 80kmph, while in the tunnel it will be 60kmph and during turning & entry-exit points it will be 40kmph," Mumbai Traffic Police wrote in a post on X.

Senior Citizen Savings Scheme (SCSS) is open to anyone over the age of 60, and 55 for those who have retired on superannuation or under a voluntary or special voluntary plan, and 50 for retired military personnel (excluding civil defence service). Note that if an account has been opened in contravention of the SCSS Rules, the account shall be closed immediately and the deposit in the account, after deduction of the interest, if any, paid on such deposit, shall be refunded to the depositor. PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi and other small savings schemes' rates announced for April-June quarter; check here

assets were joint holdings. He had also named nominees in all investments and even made a detailed will. I was devastated when he died in 2021, but the steps he had taken during his lifetime ensured that his family inherited his assets without any hassles. However, the financial issues don’t end with the distribution of the assets of the deceased. The tax liability of the individual cannot be ignored, and has to be borne by his legal heirs. As a first step, a legal representative might have to file the tax return on behalf of the dead person for the year in which he died. Filing the tax return is mandatory if the gross total income from all sources is above Rs.2.5 lakh for individuals below 60 years, Rs.3 lakh for those between 60 and 80 years and Rs.5 lakh for super senior citizens above 80 years.

The Romanian government has won a yearslong legal dispute with a Canadian mining company seeking damages over failed plans to open a gold and silver mine in the Eastern European country

Manipur grappling with ongoing ethnic strife for over ten months, Chief Minister N Biren Singh asserted on Sunday that development initiatives must press forward, acknowledging the adverse impact on the populace across various domains. Addressing the challenging circumstances, CM Biren, who also oversees the home portfolio, commended the resilience of the youth and women in the face of adversity. He emphasized the pivotal role of hard work and dedication in achieving progress in all sectors. Speaking at the launch of the construction of a natural grass football ground in Lamlai, Imphal East district, Biren stated, “Development works need to be continued, although the State has been passing through a rough phase.”

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said «we are not afraid of political challenges» and lashed out at the BJP for adopting unfair and undemocratic means to weaken the democratic process of the state. Addressing a public gathering in Solan after dedicating Rs 186 crore developmental projects to the people in the constituency, Sukhu said, «We are not afraid of political challenges. We will face every challenge with determination and will realise the vision of self-reliant Himachal by 2032.» He said that some well-known elements were using hard-earned money of the taxpayers and evil force to topple a democratically elected government, a statement issued here said. While the Himachal Pradesh government's focus was entirely on taking the state forward on the path of sustainable growth, the BJP centered itself in adopting unfair and undemocratic means to weaken the government, he added.

March is here. You must have already received a couple of emails/notifications from the HR/Finance Team to submit investment proofs to avoid the TDS deduction from your salary. It is that time of the financial year when a lot of people start looking for tax-saving options as it is the last opportunity to save tax. They make last-minute investments in a hurry with the only purpose of saving tax. It is not the best thing to do tax planning in isolation.

National Investigation Agency released a fresh image of the prime suspect in the Rameshwaram Cafe blast that took place in Bengaluru on March 1. While sharing the visuals of the suspect for the third time, the NIA sought public help to track the suspected bomber. While sharing the images on social media, X, NIA urged the citizens to cooperate for faster identification of the blast case suspect.

The Final Action Date for the F2A visa, a Family Based Green Card designed for spouses and unmarried children of US permanent residents/Green card holders, has advanced from June, 2020 to September, 2020. For the F4 family-based green card, the date for filing has moved up to April, 2006 from February. The visa grants lawful permanent residence to specific family members of US citizens, and applies to the siblings of US citizens. It also applies to the sibling's spouses and unmarried children under 21.

Congress on Saturday took a potshot at Prime Minister Narendra Modi's visit to Assam's Kaziranga National Park stating that the iconic national park owes much to the «great interest shown both by Jawaharlal Nehru and Indira Gandhi.» «We're glad that the Prime Minister has found time amidst his various travels to spend today morning in Kaziranga, an iconic national park, which owes much to the great interest shown both by Jawaharlal Nehru and Indira Gandhi. However, beyond Kaziranga, here are four questions for him on the increasingly disturbed situation in different parts of the northeast of India,» Congress leader Jairam Ramesh wrote on social media platform X today. The questions to the PM ranged from the India-China border situation, the Manipur crisis, the situation in eastern Nagaland and the «re-emergence of separatist groups» in Assam.

The Public Provident Fund (PPF) is one of the most popular savings instruments. Note that only one PPF account can be maintained by an Individual, except an account that is opened on behalf of a minor. PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi and other small savings schemes' rates announced for April-June quarter; check here

humanitarian airdrop's parachute failed to open, a pallet crashed into a group of civilians queuing for food north of Gaza City's Shati refugee camp, killing five and injuring several others on Friday, according to Al Jazeera. Following the event on Friday, the Gaza government media office acknowledged the number of injuries, denouncing the «useless» airdrops as «flashy propaganda rather than humanitarian service» and advocating for the availability of food to pass through land borders.

This means that for the April-June 2024 quarter the Public Provident Fund (PPF) will continue to earn 7.1% interest rate. Here is a look at the interest rates on various small savings schemes for the first quarter of FY 2024-25.

Powell said that the Fed were not close to implementing a digital dollar, as it has no interest in a system that would require user data, saying that the US government would not back a service where the government would be able to see and monitor citizens’ transactions.

₹10 lakh for information about the bomber in connection with the IED blast case in Bengaluru. The agency also emphasized that the confidentiality of the informants' identities will be maintained.

These women broke through the shackles and carved a niche for themselves in the financial space/realm

NPCI on Friday announced that Unified Payment Interface (UPI) is now live in neighbouring Nepal. UPI users can scan QR codes to make payments to Nepalese merchants, said an official statement. This comes after a tie-up between the National Payments Corporation of India International Payments (NIPL) and Nepal's largest payment network Fonepay Payment Service in September last year. In its first phase, the partnership will enable Indian consumers to make instant, secure, and convenient UPI payments across various business stores in Nepal by using UPI-enabled apps, the statement said.