Citizens Financial News

Uttarakhand Uniform Civil Code Bill (UCC) moved one step closer to becoming law as the bill was sent by Raj Bhavan to the President's office for approval on Thursday. According to the source from Raj Bhavan, after the approval of President Droupadi Murmu, the way will be cleared for the implementation of UCC law in Uttarakhand. The government has sent the UCC bill to the Uttarakhand Governor, Gurmit Singh, who in turn referred the same to President Murmu for her approval. The Chief Minister Pushkar Singh Dhami government introduced the UCC Bill on February 6, emphasising its importance. Now, with the nod from Raj Bhavan, the legislative channel has paved the way for the bill to be presented to the President for final approval.

Kotak Bank provided rates of 2.75% to 7.25% on FDs maturing in the same time frame. Fixed Deposits (FDs) or Term Deposits stand as pivotal investment instruments provided by Kotak Mahindra Bank.

Mumbai: Fire at BMC's water pumping station impacts water supply in THESE areas However, the BMC informed that two transformers and 15 pumps have now become operational at the Pise Water Pumping Station. Eight out of 20 pumps were started by 4 am on Tuesday. The supply resumed at low pressure from the Golanji, Rawali, Fosberry, and Bhandarwada service reservoirs, and six more pumps were started by 11 am on the same day.

Latvia’s government has extended restrictions on the entry of Russian citizens into the Baltic country until next year

Uttarakhand Finance Minister Premchand Aggarwal on Tuesday presented the state's budget of Rs 89.23 thousand crore for the fiscal year 2024-25. Finance Minister Agarwal presented the budget in the assembly in the presence of Uttarakhand Chief Minister Pushkar Singh Dhami. In his address, Finance Minister Premchand Aggarwal outlined the key principles underlying the budget, emphasizing the concept of «pioneering Uttarakhand.»

Senior Citizen Savings Scheme (SCSS) have surged to over two times during the current fiscal. During the same time, mobilisation through the Monthly Income Scheme has risen up by four times, reported Business Line. “As of early February, collection through SCSS was around ₹90,000 crore.

Indian nationals hired by Moscow, with the help of recruiters around the world, for the Russian army in Ukraine. Two years into the war tens of thousands of Russian soldiers have died in Ukraine, and Moscow is on a global quest for more combatants, sometimes with the assistance — complicit or oblivious — of informal intermediaries. An Indian translator working in a military recruitment centre in Moscow told AFP journalists in New Delhi that his facility was one of a network across Russia.

ANI reported. The civic official stated that the incident had impacted the water supply in eastern parts of the eastern suburbs and the water supply from Golanji, Fosbery, Raoli, and Bhandarwada reservoirs in the city.

Suzhou, China, has reported that more than 29.16 million residents now have digital yuan wallets, as the nation’s CBDC project continues to gather pace.

World Protein Day 2024: World Protein Day is observed every year on February 27. This day is celebrated to draw people’s attention and create awareness on the health benefits of protein in our diets and to promote nutritional security worldwide. Protein can be consumed through different sources of plants and animals.

voter list for the upcoming Lok Sabha elections is in its concluding stages. As of the first week of February, the compiled data indicates a total of 96.8 crore electors, as reported by Anubhuti Vishnoi. Notably, within this substantial voter base, 21.5 crore individuals fall under the age of 29. The comprehensive voter list is a crucial component in ensuring the democratic process, providing a foundation for the upcoming elections in India. OLDEST VOTERS

government has spent 80% of its revised FY24 budgetary allocation for capital expenditure and 79% of revenue spending until January, a senior official said on Monday, exuding confidence that the revised fiscal deficit target of 5.8% of gross domestic product (GDP) will be met this financial year. In the revised estimate for FY24, the government pegged its budgetary capex outlay at ₹9.5 lakh crore and revenue spending at ₹35.4 lakh crore.

Alexei Navalny was close to being freed in a prisoner swap at the time of his death, a close ally said on Monday, repeating an allegation by his family and supporters that President Vladimir Putin had him killed. Speaking on YouTube, Maria Pevchikh said talks about exchanging Navalny and two unnamed US nationals for Vadim Krasikov, a Russian FSB security service hit man in jail in Germany, were in their final stages at the time of his death.

—Name withheld on request It is perfectly legal to send money to your wife in India but the nature of transfer from your account to that of your wife needs to be determined—whether it is given as loan or gift or income, as there are different FEMA (Foreign Exchange Management Act) rules for each type of transaction. Let’s assume you wish to transfer the amount as gift to your wife. In that case, she will not incur any tax on such transfer since it will be covered under the definition of transfer to ‘specified relative’ as per the Income Tax Act of 1961.

NEW DELHI : The Union government is on track to achieve its capital expenditure target for the ongoing financial year, a senior government official said, riding accelerated spending on key infrastructure projects essential to spur economic growth. Till early February, the government had spent about 80% of its total capital expenditure target for FY24, according to a briefing by the finance ministry on Monday.

Yet another cryptocurrency scam has taken advantage of UK consumers. 

Akbar and Sita, respectively. As reported by Times of India, Agrawal, a 1994-batch IFS officer who was serving as Tripura's chief wildlife warden at the time, documented the names Akbar and Sita for the lion couple in the dispatch register before sending them to Siliguri.

RBL Bank offers the highest interest rate of 8.10% on FDs maturing between 18 months and 24 months. On the same FD tenure, the senior citizen will earn 0.50% extra i.e., 8.60%. FD interest of up to 9.21%: These banks offer over 9% interest rate on fixed deposits for senior citizens <div data-placement=«Mid Article Thumbnails» data-target_type=«mi

Firstpost Defence Summit in New Delhi. The ex-defence minister claimed that there is no threat to the sovereignty of Maldivian citizens by Indian troops stationed in their country, even as “(Maldives President Mohamed) Muizzu thinks that there is an antagonism between the Maldivians and the Indians.… (It has been) three months since he came into government, the Indian troops are still there." She remarked that the sovereignty of a nation is assured when there is trust and friendship among neighbours and friends.

Ministry of External Affairs (MEA) has issued a statement regarding the plea of four Indian youth who were allegedly forced to join the Russian army and are now stranded in Russia along the war-torn Ukraine border. Expressing concern over the situation, the MEA clarified its stance on media reports regarding Indian nationals seeking discharge from the Russian army. According to the MEA, every case brought to the attention of the Indian Embassy in Moscow has been strongly taken up with the Russian authorities. Similarly, cases brought to the attention of the Ministry have been addressed with the Russian Embassy in New Delhi. This effort has resulted in several Indians being discharged, with the MEA reaffirming its commitment to actively pursuing all relevant cases of Indian nationals for an early discharge from the Russian army.

Shweta Rajani, Head-Mutual Fund, Anand Rathi Wealth, says “any capital asset that you have held and sold like real estate, depending on the holding period will be categorised under short-term or long-term capital gain. You could have had unlisted equity or listed equity that made any gains on that. You could have debt mutual funds, you could have some bonds that you have sold. So, again, listed bonds or unlisted bonds – either way – will again come under the head of capital gains. So, a simple definition is any capital assets sold will have an implication of capital gains.” Let us start by talking about the role that taxation plays in one's investment decision-making process and to what extent investors must be wary of tax when they are deciding where they want to invest and where they want to park their money. Shweta Rajani: Since we are talking about tax and investments, both are actually interrelated. When you are taking your investment decisions, one of the factors that one must look at would be taxation. So, generally when we are looking at our investment opportunities, we would look at what can be the return expectation, what is the time horizon, what is the risk factor. Like that, I think liquidity and tax implications should be one key factor for determining whether you should invest in that instrument or not. So, it should be, a key selection criteria, while it should not be the only selection criteria.