Citizens Financial News

Mankind Pharma, the country's fourth largest pharma company, has countered the objections raised by a retail chemists' body which had sought withdrawal of advertisement of its vitamin supplement, HealthOK. According to the All India Organisation of Chemists and Druggists (AIOCD), the advertisement that features actor Ranveer Singh insinuates that non-vegetarian individuals are healthier. In a letter dated February 13 to the association, the company said its intent was not to hurt anyone or undervalue the benefits of vegetarian food. Mankind shared epidemiological studies done by independent doctors and researchers indicating deficiency of essential vitamins in the Indian population. It urged the AIOCD to allow continuation of the advertisement in the greater interest and benefit of Indian citizens.

India if they don't stand strong and united in the upcoming Lok Sabha elections. He was speaking at the valedictory of the 'Constitution and National Unity Convention -2024' here. «Many people are trying to erase or change the Constitution.

West Africa’s regional bloc known as ECOWAS has lifted travel, commercial and economic sanctions imposed on Niger which were aimed at reversing the coup staged in the country last year

propaganda is almost as effective and persuasive as real propaganda, a team of researchers have found after a study involving more than 8,000 US adults. They also warned that propagandists could use artificial intelligence (AI) to expose citizens to many articles, thereby increasing the volume of propaganda and making them harder to detect. For the study, researchers at the Stanford University and the Georgetown University in the US identified six English language articles, which, according to investigative journalists and the research community, likely originated from Iranian or Russian state-aligned covert propaganda campaigns.

Assam Repealing Ordinance, 2024 for repealing the Assam Muslim Marriages and Divorces Registration Act. AIMIM spokesperson Waris Pathan on Friday that the ordinance to repeal the Muslim Marriage Act, “is a violation of Articles 25, 26 and 28 of the constitution." He said everyone has the right to practice their religion.

Akaay automatically gets citizenship in the UK due to his alleged birthplace and the fact that Virat Kohli and Anushka Sharma have a residence in London. The citizenship rules in the UK clearly state that not every child born in the country will automatically be able to claim British citizenship by birth.

BJP on Saturday slammed the AAP-Congress alliance in Delhi for the Lok Sabha polls and alleged the move «shows Chief Minister Arvind Kejriwal has lost his connection» with the Delhiites. «Kejriwal's alliance with the Congress shows he has lost his connection with the Delhiites. The AAP knows that rural population, traders and Dalits of Delhi are not with them,» Delhi BJP president Virendra Sachdeva said in a statement. «By deciding to ally with the Congress, the Delhi CM who has 62 of 70 seats in the Delhi Assembly has shown that he has lost faith of almost half of Delhi,» he added. Sachdeva said the people of Delhi are «shocked to see» the Aam Aadmi Party (AAP) and the Congress forming an electoral alliance and added that, irrespective of the collaboration, the BJP will win all seven Lok Sabha seats of Delhi.

Let us take a look at how to open a tax-saving FD with ICICI Bank. Also read: Three ways to invest in HDFC Bank tax-saving FDs

Seat sharing got a green light in the INDIA bloc after days of discussions as the Aam Aadmi Party (AAP) and the Indian National Congress (INC) have arrived on consensus for Delhi, Goa, Gujarat, Chandigarh, Pubnjab and Haryana. Earlier on Friday, ET had reported that the three-state pact between the two INDIA bloc parties is the understanding in Delhi where the AAP is likely to contest four seats and Congress three.

Senior citizen FDs sometimes provide more alluring interest rates than those offered to normal investors. They receive better returns on their assets as a result of this increased rate of return. Senior Citizen FD Schemes provide senior citizens with an ideal way to grow and protect their investments while meeting their financial demands, guaranteeing a safe and pleasant retirement. Note that senior citizens can benefit from a Rs 50,000 deduction on the income received from these programs under Section 80TTB of the Income Tax Act, which makes them more tax-efficient. Here's a look at small finance banks that provide higher interest rates on senior citizens' fixed deposits.

My grandmother is a senior citizen and wishes to gift me money in cash. Can she gift me in cash? If yes, is there any limit under the Income Tax Act or any other law?

ICICI Bank has hiked interest rates on select tenures. After the latest hike, ICICI Bank is offering an interest rate ranging from 3% to 7.2% on FDs maturing in seven days to ten years to general customers, and 3.5% to 7.75% to senior citizens. For a term of 15 months to two years, ICICI Bank gives a maximum return of 7.20% to the general public and 7.75% to senior citizens. The rates are effective from 17 February. Earlier the bank had revised the interest rate on term deposits on 16 October 2023.

I understand that interest from a post office savings bank account is first included as income under the “income from other sources" and then the deduction is available u/s 80TTA up to ₹10,000 for a HUF and an individual other than a resident senior citizen individual and deduction u/s 80TTB upto ₹50,000 for resident individuals. Does it mean that the 3,500 exemption is no longer available and only deduction under Section 80TTA/80TTB is available? Yes, the interest on your savings bank account is taxable under the head income from other sources at the slab rate applicable to you. Generally, there is no exemption for interest on a savings bank account received by you but interest received from a savings bank account with a post office up to ₹3,500 in a financial year is eligible for exemption under Section 10(15)(i) read with Circular: No.

FDs also bring income tax advantages. Presently, numerous banks, alongside small finance banks, are presenting enticing interest rates. Small finance banks generally offer higher rates than larger banks.

RBI Floating Rate Savings Bonds are government-backed savings instruments tailored to offer Indian investors a secure investment with a competitive interest rate. Unlike fixed-rate bonds, the interest rate on RBI Floating Rate Savings Bonds is not fixed during its maturity tenure. The interest rate is linked to the prevailing interest rate of the National Saving Certificate (NSC) with a spread of 35 basis points (bps).

South Korean crypto scammers are targeting chat app users on trading- and investment-themed channels, police warned on February 21.

KYC, or Know Your Customer, is a prerequisite process individuals must fulfill before opening a bank account. This process entails verifying the individual's identity, address, and other pertinent details. It necessitates in-person verification.

Karnataka government banned the use and sale of both tobacco and non-tobacco hookah at public places across the state with immediate effect with an aim to safeguard the health of its citizens and stem the tide of tobacco-related diseases. In a statement by Health Minister Dinesh Gundu Rao's office, it said, “The state government has taken this action with the conviction that it will be met with support from all responsible citizens who place the health and well-being of the people as a paramount concern." This action was backed by "alarming data" from the WHO Global Adult Tobacco Survey-2016-17 (GATS-2), which stated that 22.8 per cent of adults in Karnataka use tobacco, with 8.8 per cent being smokers.

Aadhaar is not only one of the most vital KYC documents in the country for availing of government subsidies and benefits of various government-run welfare schemes, but also considered to be an important identity proof document across sectors as it includes important details of citizens like full name, permanent address, and date of birth, linked to a unique 12-digit number issued by the Unique Identification Authority of India (UIDAI). In 2018, the UIDAI introduced the concept of the ‘Baal Aadhaar’ card specifically tailored for children under the age of five. As the name suggests the Baal Aadhaar card is blue in colour, unlike the regular white Aadhaar card for adults.

International advocacy organization Global Citizen is turning to Gen Z and millennial leaders in its fight to reach the United Nations’ Sustainable Development Goals and end extreme poverty

MOUNTAIN VIEW, CA, and NOIDA, India (Feb. 20, 2024) – HCLSoftware, an independent software division of HCLTech and a global leader in enterprise software solutions, is set to unveil its advanced artificial intelligence (AI) and sovereign cloud-fueled technology solutions showcasing innovations in delivering improved citizen-centric services at the Uttar Pradesh Groundbreaking Ceremony 4.0 (GBC 4.0) this week at the Indira Gandhi Pratishthan, Lucknow.